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Posts: 63

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Aug. 23, 2011 - 4:08 PM ET #51

Yep..

So they pushed up the NAZ over 4 percent and the DOW 3 percent in ONE DAY because the Fed might say something in Wyoming this week?

depeche2

Legend

Joined: Feb, 2002

Posts: 67006

Posted: Aug. 24, 2011 - 12:08 PM ET #52

wall, any thoughts on AKS. I know you liked it in the past. It's been really beaten down, basically chopped in half, the last month. Good value now under $8?

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Aug. 24, 2011 - 12:21 PM ET #53

depeche,

Negative margins, getting very low on cash..

Their cost of sales is way too high, gross margins are extremely small which means to increase profits they have to majorly increase sales..it also means they have no power over pricing, and given the commodity move we have been in that is troubling.

It does not look very good to me, regardless of the market cap they are burning cash and are selling product for near break even before they even pay their bills.

What do you think?

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Aug. 25, 2011 - 11:17 AM ET #54

Ole Warren saved the markets today, with that ugly UE number, had he not cherry picked a sweet deal I bet we would be down double what we are right now.

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Sep. 8, 2011 - 4:25 PM ET #55

First time in a while that I recall them trying to buy back the last hour and failing..might setup for more selling.

Also, the Euro dropped below 1.40 and having the CHF tied to it could drag that into the abyss too..

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Sep. 9, 2011 - 12:08 PM ET #56

VXX is warming up, DOW down 300.

If Greece goes belly flop over the weekend we will have a massive drop on Monday.

depeche2

Legend

Joined: Feb, 2002

Posts: 67006

Posted: Sep. 12, 2011 - 3:55 PM ET #57

Strong action today. Market ready to make another run up toward Dow 11.5k.

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Sep. 12, 2011 - 4:40 PM ET #58

depeche,

Phony rally based on some mumbo jumbo of China stepping in to save the Euro.

No fear though you are right about that.

Rush51

Covers Rehab

Joined: Jan, 2005

Posts: 8856

Posted: Sep. 12, 2011 - 11:05 PM ET #59

Fear, no... but the Uncertainty is off the charts.

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Sep. 22, 2011 - 11:29 AM ET #60

Well we are warming up a little, but this is where they went last time and bought it back up..

So still not convinced this is fear, now if today they close on the lows and tomorrow the same then maybe we have something starting.

UberDog

Veteran

Joined: Nov, 2008

Posts: 1597

Posted: Sep. 22, 2011 - 12:28 PM ET #61

Really got to strap yourself in right now. Maybe buy a few key techs on the way down. My natural gas and oil-related stocks are taking a boning.

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58463

Posted: Sep. 22, 2011 - 12:41 PM ET #62

I still dont see why we are over 7k given what we are dealing with.

cave0707

Veteran

Joined: Oct, 2009

Posts: 1521

Posted: Sep. 23, 2011 - 2:00 PM ET #63

I have yet to play the VXX. It's tempting. I think I will take a stab the next time around. I'm not initiating any new market short related plays at these levels. At the next opportunity, I may take a stab. This baby is very volatile and will test my nerves and risk tolerance to the limit I imagine.

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