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B4 The Bell Tuezelday Sptember 28


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#31 brian4

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Posted 28 September 2004 - 09:43 AM

Snippets from this mornings Vancouver Sun..."Rebels declare all out War against the Nigerian Government and warn Oil Companies to shut DOWN by Oct.1....U.S. Oil inventories are at 29 year low....Rising Oil prices propelled Canada's $ to 10 yr Highs"...

#32 Pee Brain

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Posted 28 September 2004 - 09:47 AM

B4,

nice call on PDQ ;)
Iat least we're all safe for now. thank God we're in a bowling alley.

#33 machinehead

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Posted 28 September 2004 - 09:47 AM

MH:

You prediction of $50 oil tied to the moon phase was rather remarkable!

Attaboy!

What's Next?

Overconfidence, delusions of grandeur, and punishing losses ... :lol: :( :cry:
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#34 rog

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Posted 28 September 2004 - 09:50 AM

Are commodities about to pop?

A cargo ship chartered by Chinese merchants sits in a Mississippi River berth waiting for a cargo of soybeans. Yesterday I posted an excerpt from a commodity broker cc suggesting that traders had seized the cargo to recoup losses from previous sales to China. Over the last six months the Chinese have refused to pay for several shipments of soybeans and other soy products.
Today it was confirmed that the loading company refused to load the vessel upon hearing that its cargo would be seized.

Demand from China has been cited as the justification for rising commodity prices. We have noted several times that the price for base metals in China is substantially below world prices. China announced a crack down on speculative lending in March of this year since then defaults have been seen on grain, steel and base metal shipments. Is there really any demand in China?

---We report…you interpret (tm, Plunger (slightly adjusted for seasonal variances and other related and unrelated factors))

#35 brian4

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Posted 28 September 2004 - 09:54 AM

I've talked a lot about how Companies cannibalize themselves to stay in business...again from todays Vancouver Sun...Discounts the latest weapons in Gas Price Wars...Big Box retailers are using Gas as a loss leader...we are responding to a trend in the Marketplace , where there are big Box retailers using Gas as a loss leader , or discounting. Consumers here in Greater Vancouver are price sensitive , particularily on Gas. Unless a Gas Company wants to lose a significant volume , it MUST stay competitive.. said Chevron spokeswoman Jennifer Parkinson-Dow....The article goes on to point out the Oil Companies in staying competitive are getting reemed as they lose money by discounting BUT if they lose Market share they lose money anyway...sounds like the Auto Industry doesn't it and it can't go on long! ;)

#36 purdymouth

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Posted 28 September 2004 - 09:58 AM

Posted Image

#37 orvack

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Posted 28 September 2004 - 09:59 AM

...uranium stocks all up. Many up 17% yesterday.

“And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine – that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.”

from “Reminiscences of a Stock Operator” - Edwin Lefevre (based on the life of Jesse Livermore)



#38 Hiding Bear

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Posted 28 September 2004 - 10:00 AM

The Fed reduced the repor pool by $2B today, and more importantly also reduced the repos to agencies by the same amount. In other words the Fed is not showing much fear about the GSEs and the economy - yet. I mentioned last week it may take a few weeks or so before the Fed grasps the magnitude of the oncoming recession.

Meanwhile, I am considering adding to shorts and reducing longs.

#39 Guest_yobob1_*

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Posted 28 September 2004 - 10:04 AM

Are commodities about to pop?

A cargo ship chartered by Chinese merchants sits in a Mississippi River berth waiting for a cargo of soybeans. Yesterday I posted an excerpt from a commodity broker cc suggesting that traders had seized the cargo to recoup losses from previous sales to China. Over the last six months the Chinese have refused to pay for several shipments of soybeans and other soy products.
Today it was confirmed that the loading company refused to load the vessel upon hearing that its cargo would be seized.

Demand from China has been cited as the justification for rising commodity prices. We have noted several times that the price for base metals in China is substantially below world prices. China announced a crack down on speculative lending in March of this year since then defaults have been seen on grain, steel and base metal shipments. Is there really any demand in China?

---We report…you interpret (tm, Plunger (slightly adjusted for seasonal variances and other related and unrelated factors))

China is looking remarkably like the US did in the fall of 1929. Their internal demand is directly linked to their external demand. The huge over-investments of the past few years are creating huge surpluses of capacity and severe mis-allocation of investment. We die - they die - global demand dies.

#40 Lock Limit Down

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Posted 28 September 2004 - 10:07 AM

Thanks B$$4 and Flock
Ill have a look
Took a shot
FRE IBM
KBH
Love the open on the RUT
Reshorted and already a good day

PLUNGER
You nailed it again!
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#41 machinehead

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Posted 28 September 2004 - 10:08 AM

In other words the Fed is not showing much fear about the GSEs and the economy - yet.

Very suspicious.

Have they done a deal with the Snowman to devalue the dollah by 20%?

That's one way of offsetting the rate hikes. But there will be some 'unintended consequences' ... :o
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

#42 flockofsheeples

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Posted 28 September 2004 - 10:09 AM

10 yr. going for da finga.
I don't know why they call it hamburger helper...it seems to do just fine on its own-Uncle Eddie, "Family Vacation"

#43 Lock Limit Down

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Posted 28 September 2004 - 10:10 AM

It just keeps getting better as GOOG upgraded to 145 price target I believe
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#44 traderfromhell

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Posted 28 September 2004 - 10:10 AM

...uranium stocks all up. Many up 17% yesterday.

“And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine – that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.”

from “Reminiscences of a Stock Operator” - Edwin Lefevre (based on the life of Jesse Livermore)

Guess the only way to play is a stop under the previous day's low.

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Don't steal. The government hates competition.

#45 brian4

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Posted 28 September 2004 - 10:12 AM

Window now closed and it was just fine- a gap and crap it was-the Pig limps alone for a bit, with the pressure off they will try and run it again I doubt they can!





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