MyGoldenStool Posted December 18, 2003 Report Share Posted December 18, 2003 Matrix in action. REUTERS RESEARCH ALERT-UBS cuts Goldcorp stock price target by $1 [DCNWWTL] (Figures in U.S. dollars unless noted) VANCOUVER, British Columbia, Dec 18 (Reuters) - UBS said on Thursday it had cut its share price target on Goldcorp Inc. <G.TO> <GG.N>, by $1 to $16.50. The financial services group gave no reasons for the reduction in its brief statement, and could not immediately be reached for comment. Shares of the Canadian gold miner were down 15 cents at $15.40 in New York and off 10 Canadian cents at C$20.50 in Toronto, in line with weakness across North American gold issues. Investors took profits after bullion surged close to an eight-year high. Goldcorp's stock price fell on Wednesday after its chief executive announced he had sold 40 percent of his stake in the Toronto-based company for personal financial reasons. Link to comment Share on other sites More sharing options...
soup Posted December 18, 2003 Report Share Posted December 18, 2003 kwave: The bulls will be just as decimated if this continues. No one wins in hyperinflation, no one will get out alive. Link to comment Share on other sites More sharing options...
Goldmember Posted December 18, 2003 Report Share Posted December 18, 2003 not really a wave guy, but could this be wave 5 currently according to your chart? Not a wave guy either, but so far the Dow is hemmed in at the 161.8% mark. Awesome looking rejection so far. Link to comment Share on other sites More sharing options...
BigWave Posted December 18, 2003 Report Share Posted December 18, 2003 Micron exec first guilty plea on DRAM price-fixing.. http://www.forbes.com/2003/12/18/cx_ah_1217mu.html Link to comment Share on other sites More sharing options...
machinehead Posted December 18, 2003 Report Share Posted December 18, 2003 Last week when the Dow closed above 10K, the International Herald Tribune published a front-page article, and the Financial Times a lead editorial, expressing skepticism about the rally. Ideally at "The Top" the press will be cheerleading, as the Wall Street Urinal did with its "Nothing But Blue Skies Ahead" lead story in Summer 1987. VIX and all the surveys show insanely bullish sentiment, and insiders are selling like there's no tomorrow, but I guess it's gonna take unanimous exuberance to kill this Energizer Bunny, mechanically-forced rally. Indices such as the Trannies and the Naz are not confirming the DJIA highs, so there are little divergences which could get more serious. Crude oil prices are a lit fuse which could blow this bubble fast. It's just a matter of time ... Link to comment Share on other sites More sharing options...
GregFokker Posted December 18, 2003 Report Share Posted December 18, 2003 kwave: The bulls will be just as decimated if this continues. No one wins in hyperinflation, no one will get out alive. Apples and oranges. K-'s absolutely right. So are you, although of those decimated by hyperinflation, those in the middle and lower classes will get it much worse than those in the upper. And, of course, bears will be killed too. Link to comment Share on other sites More sharing options...
soup Posted December 18, 2003 Report Share Posted December 18, 2003 Think about it bulls, if it takes a fre aking wheelbarrow to buy a loaf of bread, it will not matter if you have $1000 or $1,000,000 it will all be wortheless. Link to comment Share on other sites More sharing options...
Goldmember Posted December 18, 2003 Report Share Posted December 18, 2003 Hey Fokker, cool chart. One of yours? Of course you realize we'll want to see more of them. Link to comment Share on other sites More sharing options...
mjkst27 Posted December 18, 2003 Report Share Posted December 18, 2003 just a keepin on pressin... far be it from me, but why are you standing in front of the HAL freight train? Oil prices are poised to explode. Link to comment Share on other sites More sharing options...
Farmer Posted December 18, 2003 Report Share Posted December 18, 2003 Imagine that a$$hole, selling gold stocks for personal financial reasons How utterly shallow. Link to comment Share on other sites More sharing options...
soup Posted December 18, 2003 Report Share Posted December 18, 2003 greg: granted there will be a very few who will survive, but for the vast majority, who are of course bullish stocks, will be just a s decimated as the bears. YOu really think jp401k , based in dollars, will buy squat? Link to comment Share on other sites More sharing options...
dozer Posted December 18, 2003 Report Share Posted December 18, 2003 punch bowl runneth ova soon imo. AMAT's looking real pekid today... Link to comment Share on other sites More sharing options...
FeedFool Posted December 18, 2003 Report Share Posted December 18, 2003 Feed, Shell is a stock with a Beta very close to 1. In other words it trades very much like the stock market. Oil is an altogether different beast. Take a look at the similarities with gold. I haven?t tried to do a count on oil recently but in my view the pattern looks terminal. Does this look like FTSE 100 chart? Link to comment Share on other sites More sharing options...
soup Posted December 18, 2003 Report Share Posted December 18, 2003 So unless you have a castle with a moat and an army you are fu&&ed. Link to comment Share on other sites More sharing options...
Guest Posted December 18, 2003 Report Share Posted December 18, 2003 Bottom just fell out of natural gas. WTF was that? Link to comment Share on other sites More sharing options...
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