Guest Posted June 16, 2003 Report Share Posted June 16, 2003 Why should Tyco's news matter for the rest? It was already a bad boy. Bring me some new scandle. Link to comment Share on other sites More sharing options...
BeerMarket Posted June 16, 2003 Report Share Posted June 16, 2003 TYC: doesn't look like news to me, just making official what was previously announced - or am I missing something? Bush commenting after meeting with Fox & others: Presidents Bush, Fox Discuss Joint Cabinet Meeting What I came away with is that the spirit of cooperation has never been stronger; that not only do the President and I consider ourselves friends, but our Cabinet officials have gotten to know each other on a personal basis. And the dialogue is very important and very frank. fast forward to 2003: US Files WTO Action Against Mexico Link to comment Share on other sites More sharing options...
Guest Posted June 16, 2003 Report Share Posted June 16, 2003 I listened to Roger Arnold's second hour show today and he was also just on the O' Brian show. Sounds like he is throwing in the towel on the FED. Arnold is starting to think that the FED can do anything. He is in disbelief that anyone could be buying into this. Another bear is capitulating. Link to comment Share on other sites More sharing options...
fxfox Posted June 16, 2003 Report Share Posted June 16, 2003 I WILL BE AN ANALS SUBSCRIBER TILL I DIE! i even dont trade stocks or indeces anymore, but still subscribe to the anals. Why? Because Doc is one of the greatest guys i ever met on the web, he works 80 hours a week to make this site possible, gives his very best all day, and all that for a student price! Tanks Doc! Of course Doc couldnt see the maginitude of this crazy thing, but who could have seen it, who was right? I dont know anyone! At least your good Herr Doktor did show us, that in march there is an intermediate bottom, now one can draw his own conclusions, for example one could have said to himself: "oh oh oh, i know this bear site will be calling for a top just afer 2 weeks of an upmove, i know i cant stand this, so i wil click out for a few months and just go long and let me stop out via ttrailing stop", something like that. Doc has always done a tremendous job, it isnt his fauilt that greenmeister took too much viagra the other night. I only hope that they ramp it now completely to da moon. It seems that the last bear must be killed before da bears can rise again, sad but maybe true. Really really count on a out of control into early july, than da bear comes out of his cave and kills bull after bull Link to comment Share on other sites More sharing options...
realist Posted June 16, 2003 Report Share Posted June 16, 2003 Has anybody calibrated the top of Dr. Sornette's graph? Are we there yet? The best that I could come up with was 1000-1300 based upon one of many SPX charts that he has on the UCLA site. I still subscribe to the 1050 target by July 1-3, down to 800 range by September. After that, no clue. Tempest is looking tastier as the buying orgy continues. Link to comment Share on other sites More sharing options...
Hypertiger Posted June 16, 2003 Report Share Posted June 16, 2003 The MoGouge if any of you realized how important it is would not be in the dark as to where this explosion is eminating from... The only thing dark is what it equates to when the MoGouge is blowing sky high and the aftermath of the amount of liquidity it truely pumps into the system... After todays action I have to laugh because the amount of debt it can pump is mind boggling... But it only works as long as rates keep dropping and simpletons or desperate people keep signing on the dotted line... That is the real mania... 8-12 months and ticking? Link to comment Share on other sites More sharing options...
soup Posted June 16, 2003 Report Share Posted June 16, 2003 merci: If you are lurking would love to hear your thoughts? Did you SAR? Link to comment Share on other sites More sharing options...
DrStool Posted June 16, 2003 Report Share Posted June 16, 2003 One other thing. Only 16% of newsletters are bearish. Crapvision is all bull all the time. Ditto for SeeBS.Markethype and TheStreet.com. Doc is one of the last few contrary voices. I owe it to all of you to do some serious analysis and tell you what I think. If not enough people want to hear it in a world where markets never go down, Capitalstool will go the way of the dodo bird. But as long as there are even a handful of you who do want it, I'll be here. What's more, when there is doubt, I'll eat it up, and spit it out, I'll take the blows, I'll pick my nose, and do it myyyyyyy wayyyyyyy. Link to comment Share on other sites More sharing options...
wndysrf Posted June 16, 2003 Author Report Share Posted June 16, 2003 Jerry McGuire: Other than my ASIA long, most of my other longs really didn't move too much today. Most were kind of stuck, except for KBH and LEN. I have some small shorts out there as hedges against my longs. Amazingly, they didn't go anywhere either. But I must admit, 65% of my longs are now in PM's. The rest of the Riverboating positions are small lots. Given a choice, I think the upside potential in the PM's will far exceed any short opportunities in the near term. So I'm staying long for now. Shorts are to be used for hedging purposes only. Watching BGO, DROOY, and VGZ very carefully. They have been coiled up, building up huge cause for the next up move. The percentage gain on these will be extraordinary, triples and quadruples. What's the most you can make by shorting a Supermodel? 35%?? 50%??? Not really worth the headache..... Link to comment Share on other sites More sharing options...
Lethal Dose Posted June 16, 2003 Report Share Posted June 16, 2003 Mark is right to keep an eye on Mr. Bill; the Bull won't ride without him. FWIW, softie is on a relative strength sell signal; relative strength chart is in a column of Os. Bearish relative strength position. Monthly momentum turned positive one month ago, but would reverse negative with a move below 23; weekly momentum has been negative four weeks, needs to break 26.50 to turn positive. Price-wise, a print at 25.50 (which it couldn't manage today despite white-heat panic buying) would be a short-term positive, but it really needs to print 27 to confirm the bull. 23.50 would be a short-term negative; 22.50 -LOB. Link to comment Share on other sites More sharing options...
Pee Brain Posted June 16, 2003 Report Share Posted June 16, 2003 TYC: doesn't look like news to me, just making official what was previously announced - or am I missing something? Bush commenting after meeting with Fox & others: Presidents Bush, Fox Discuss Joint Cabinet Meeting What I came away with is that the spirit of cooperation has never been stronger; that not only do the President and I consider ourselves friends, but our Cabinet officials have gotten to know each other on a personal basis. And the dialogue is very important and very frank. fast forward to 2003: US Files WTO Action Against Mexico thanks for the link. i think its comstock partners that has a cycle roadmap for deflation... been thinking that when the tarrifs and protectionism increase, thats the time to look for the end of the tunnel. Link to comment Share on other sites More sharing options...
Guest The CoinGuy Posted June 16, 2003 Report Share Posted June 16, 2003 Well..... Interesting day, left early this morning to the lawyers office(negotiating on some farm property) and came back to this. Covered my shorts at a small loss, but the miners and Nats keep me in the game(black). Wish I wouldn't have added those shorts late last week, or I would have had a decent day. The Volume again, was anemic, and I'd imagine this could be a blowoff move, although I wasn't privy to todays tape, so I'm flying blind here. Will not reshort at this point until I'm comfortable with the tape...like that has worked . This looks to me like their pushing the bears to the wall and through it. Something I didn't imagine, the bulls party for now, I'll just hang out and enjoy the free food and drinks. When the punch bull's empty, the lamp shades are flying about. Hopefully, there will be a few of us left to have a party of our own. Until then, I'd imagine I'll just lie low, and observe. For those Bears who are left, hedge yourself. It's probably late to go long(volume says this to me), but you can go to a cash position. I'm net long now. Miners and NatGas, leaving all else in cash until we have a confirmed turn. I've mentioned that I added stops to my NatGas plays, well after observing them closely for a few days, I'm keeping the (tight)stops on the growth stocks, but loosening them on the Royalties and LP's. Only position I added to today was KGC this morning... Best of luck to all, The CoinGuy Link to comment Share on other sites More sharing options...
Flaming Turds Posted June 16, 2003 Report Share Posted June 16, 2003 Bear Reminder: Its very common for a head and shoulders pattern to punch back through after a couple of thrusts before it rolls over and dies. The bear is just doing its job. One of the best ways to beat the madness is to just load up on golds and let uncle al and the dow correlation take care of the rest. Link to comment Share on other sites More sharing options...
Slothrop Posted June 16, 2003 Report Share Posted June 16, 2003 I put my first shorts on at 930 and added up to 970 SPX. I'm not that unhappy. I'd call it a typical couple of weeks in trading. Once in awhile you have to wait. It doesn't always happen at once. I've been stopped out of 1/3 of my positions. That ain't bad, for being temporarily wrong -- and the mining stocks are screaming, so I'm reasonably happy. There are good shorts available right now. Take a look at Anadarko Pete: APC. I like the SIRI, too and WYNN. Link to comment Share on other sites More sharing options...
PyurAureo Posted June 16, 2003 Report Share Posted June 16, 2003 The best that I could come up with was 1000-1300 based upon one of many SPX charts that he has on the UCLA site. I still subscribe to the 1050 target by July 1-3, down to 800 range by September. After that, no clue. Tempest is looking tastier as the buying orgy continues. I thought the 1000-1100 area this summer and 700 area next summer. Link to comment Share on other sites More sharing options...
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