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JULY STOCK TALK

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Posted: #26
june sales only down 8%

-Boosted by a month-end sale and zero-percent financing-

but all gimmick of course...F, Toyota got smashed yet honda was up 1% in june...simply amazing
 
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Posted: #27
still no reason why the market should be bouncing like this....pure craziness
 
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Posted: #28
seems like some major players are puff this thing up until 3pm/3:30 and then sell off any gains....the GM report wasn't that good....couple that with the Ford/Oil prices/etc....no reason why the indices should be this good right now
 
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Posted: #29
Geez I thought CRDC would retrace off 10 but not 20% retrace off no news and no volume,

Holding long term, ANY stock in this market is asking for trouble.
 
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Posted: #30
Quote Originally Posted by claycourtlesson:

Just saw futures.  Ugggg-llyyyyyyyyyyyyyyy.
 
Looks like today is the woosh down open with capitulation running amok.
 
Time to get long SP 500 "for a trade only."
 
Good luck to all.

 

BANG

Bought at open...........126.52

HUGE REVERSAL TODAY

Will hold until tomorrow and will bail out if open is high on short covering.

Money, money, money, money............moneyyyyyyyyyyyyy

 

 
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Posted: #31
nice one claycourt. 
 
i'm heavily long SLB calls right now.  working out great the last two days.  almost completely broke out today.  hopefully tomorrow.
 
Also traded a great WFR short from yesterday, closed it out today near it's lows. 
 
I added to my SWN calls today
 
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Posted: #32
Anyone have a feel for CHK and if it will slow down anytime soon?
 
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Posted: #33
what do you guys think about BQI 
 
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Posted: #34
JaxWhitey,  buy it, it is in a strong uptrend.  place a stop somewhere below $64.50, which is where the 5 day MA currently sits, previous resistance, and previous support.  make sure it is a real breakdown of it before you stop out though.  it could go down to it and find support this time at $64.30, instead of $64.50.  but if it gets much below that, then give up.  above $68 and who knows!  but you will see some buying if it breaks above $68.
 
UPDATE... as i was writing this, i just noticed they had some news, stock is trading heavily in afterhours at $70.50 already.  a day late, damn!!  when the stock gaps up tomorrow, don't chase it immediately, look for a pull back and wait to buy on renewed strength.
 
gj
 
BQI has been trading choppy.   it has definitely started an uptrend, with its break above $5.  a break above $6.85 is a great situation, but i'm not so sure that will happen without a test of the trend line at $6.15 or so first.  If it bounces up off of $6.15, i'd label it a safe buy after it passes through $6.25, with a target of the 2006 highs of $8.  keep a stop at $5.85.  so you are risking 40 cents for the possibility of $1.75.  that's over a 4 to 1 risk ratio. 
 
JUST MY OPINION.  I'M STILL RELATIVELY NEW AT TECHNICAL ANALYSIS, BUT THIS IS HOW I'D TRADE THESE TWO STOCKS.  I HAVE NOT LOOKED AT THESE FUNDAMENTALLY AT ALL AND PROBABLY WON'T TRADE EITHER. 
 
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Posted: #35

 Anyone have any thoughts on Gazprom?

Mevedev/Putin are disgusting creatures, but...

 By the way CC, what the heck is up with the Clement line v Schuettler? Dude iss favored and yet has a 1-4 lifetime record against him.Don't get it...


 
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Posted: #36
thanks gunners that was informative.. much appreciated 
 
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Posted: #37

PS

 Congrats on your trades Gunners and CC

And this...of course hope is not a strategy..

Former Gazprom chairman Dmitry Medvedev hopes that the company's market capitalization will quadruple to reach one trillion dollars by 2017, and that this would make it the world's biggest corporation



 
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Posted: #38
Thanks Gunners, I am long a handful of July 70's and saw it beating its head at about 64-66.  The news looks interesting, selling 20% of their Haynesville shale land for about $1.6 billion in cash and the other company will pay another $1.6 billion in costs for CHK to drill in the other 80% of Haynesville they still own.  Can't wait to hear the conference call in the morning to get the whole story.
 
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Posted: #39
Quote Originally Posted by MuEagles79:

seems like some major players are puff this thing up until 3pm/3:30 and then sell off any gains....the GM report wasn't that good....couple that with the Ford/Oil prices/etc....no reason why the indices should be this good right now


1270 bounce

as long as it closes above, all is well

big jobs report on thursday
 
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Posted: #40
Quote Originally Posted by KOAJ:



1270 bounce

as long as it closes above, all is well

big jobs report on thursday


truth....put in a stop loss tonight on SDS at 66.2 with the limit at 66.1. 

Pissed at myself as I cancelled a limit sell at 69 I had in...just getting greedy and got burned.

thoughts on the job report and its effect on the S&P?


 
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Posted: #41
Vermeer-
 
I have no idea about the line on Clement/Rainer.  FTR, I have lost probably close to a thousand dollars in matches with Schuettler and Clement.
 
I have nothing to do with gambling on any tennis match involving either of those 2.  Essentially, whatever I do will be wrong........doesn't matter whom I bet----the other one will win.
 
Murray should give Nadal a serious run...........he has nothing to lose and will have the entire UK in his corner tomorrow against a Nadal who is injured and has played non-stop the last 3 months.  Safin is no good as a fave, but is on a roll.  Betting against Federer is suicide, but who the hell wants to lay -98900000?  Good luck.
 
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Posted: #42
MU-
 
IMHO, the "rally" today was nothing but short covering.  Let's face it, no one is buying in this horrible economy.
 
I'd hold SDS and let the SP 500 fall further over the next 2 months or so.  Maybe there're a few days coming up of hype and hoopla, but it's all mularkey.
 
Yeah, no one is expecting a good jobs report, so I believe even if it is hideous (it will be), you could get another short covering rally on Thursday a la "buy the rumor, sell the fact."
 
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Posted: #43
Quote Originally Posted by claycourtlesson:

 

BANG

Bought at open...........126.52

HUGE REVERSAL TODAY

Will hold until tomorrow and will bail out if open is high on short covering.

Money, money, money, money............moneyyyyyyyyyyyyy

 

If SPY is up at open, am going to take money and bail out.  Don't feel like getiing whipsawed all day long in short-covering/selling ahead of a Thursday NFP report, which everyone and his dog know will be horrible.

Have a good one, people.

 
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Posted: #44

 CC

  I hear ya on Scuettler et al..for a year I had teh same experience with Davydenko.

 Anyway...I think we get a bad jobs report, today might be suspended animation waiting for tomorrow.

 I am adding to GLD.

 
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Posted: #45

 Wow Paulson thinks that they need to make sure "financial institutions are allowed to fail"....

  Hmmm, sounds suspiciously like capitalism to me.Will never pass muster in America.

 Speaking of financial instutions has anyone seen the depositors list to the Clinton Bank....err....foundation? If if, lay a link down here I continue to seek it.(and no, this is not a joke, so if you have one please do post it).
 
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Posted: #46
Quote Originally Posted by claycourtlesson:

MU-
 
IMHO, the "rally" today was nothing but short covering.  Let's face it, no one is buying in this horrible economy.
 
I'd hold SDS and let the SP 500 fall further over the next 2 months or so.  Maybe there're a few days coming up of hype and hoopla, but it's all mularkey.
 
Yeah, no one is expecting a good jobs report, so I believe even if it is hideous (it will be), you could get another short covering rally on Thursday a la "buy the rumor, sell the fact."

I don't get it...the private sector job report sucks....factory data blows...oil up...and the markets rise?

what am I not getting about this picture?

 
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Posted: #47
Grinder,

I added some IMB today, just to let you know.


 
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Posted: #48
LEH moving today, I have to think that retest of the low to below 20 was a good spot to give it a shot.

I also think MER is worth gambling on down here with that 4% plus yield. Same goes for PNC with its 4.5% yield, although MER has more upside and risk.
 
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Posted: #49
can someone tell me what the heck is going on in steel stocks the last two days?
 
 
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Posted: #50
Koaj,

Steel, coal, fert, all of them giving it back.

Check out JRCC, down 10 bucks today or 20%.

Damn they are selling it again last hour..wheels are spinning and 1270 is close.  




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