Stock Market June 2009

[Bottomfeeder]

Dananini.....here is more of an update on Victoria.....

http://news.prnewswire.com/DisplayReleaseContent.aspx?ACCT=104&STORY=/www/story/06-30-2009/0005053162&EDATE=

complicated high stakes poker.....

Also appears that they are going to focus on the hostile on NRG with a conference call being scheduled for tomorrow 8 am EST.  NRG DID make the cut for loan guarantees, and Exelon is pursuing wind farms etc....

Looks like these guys are working hard to get in bed with the O administration.  Just a matter of time, and really in my mind, not that big a deal in the grand scheme of things.  Plenty of future global demand in the works, and obvious supply shortages coming as evidenced by again all the countries buying up pounds in the ground....wouldn't let it get me down.  Outlawing mining is a much bigger problem, which seems to be improving from the recent past.

I am looking for new production from Africa now to tap into the Russian U cartel which will be dominating the North American supply lines beginning in 2014.

First Uranium is popping in my head as new production there, and looks like they could be a portential takeover target as well.  Catch me up U followers on other African miners....we have Paladin, Areva, First Uranium, who else???

Thoughts?

[jjj000]

First Uranium is popping in my head as new production there, and looks like they could be a portential takeover target as well.  Catch me up U followers on other African miners....we have Paladin, Areva, First Uranium, who else???

http://www.wise-uranium.org/upafr.html

Mostly who you said, plus Uramin and Forsys in Namibia.

[pinetree]

Here are some small caps to watch...

CNXT - http://stockcharts.com/h-sc/ui?s=CNXT&p=D&yr=0&mn=10&dy=0&id=p56589810587
a nice cup with handle has formed over the last 8 months with resistance at 1.50 - right below resistance now.

DRL - http://stockcharts.com/h-sc/ui?s=DRL&p=D&yr=0&mn=10&dy=0&id=p56589810587
Double bottom??

What about MGI - http://stockcharts.com/h-sc/ui?s=MGI&p=D&yr=2&mn=0&dy=0&id=p70361545093
Double bottomed in 2008 and looks like we could have a breakout above 2.40-2.50 resistance.

Just trying to find something that might be able to do what the rental cars did.  I know we're not supposed to chase but how many car or coffee stocks went from $1 to $2... and then to $10?  MGI has a gap to fill up at $12.50... 

3j - any OBV/MO potential on these??

[sidewinder]

LOL at the flash ad below for plentyoffish ... that would be plenty of fish a dot com apparently to mate or connect fish.  Or wait .. maybe its one of the singles things.  I will have Markus to know I have, over the long course of my life, scored with perhaps hundreds of willing bimbos simply from "trolling bars" and will admit the supermarket thing is not what its all cracked up to be.  LOL  At no time in this period of bumping uglys with drunken bimbos culled from bars worldwide did I EVER pay Money to some putz Named Markus to pimp.. er arrange "a connection" for my debauchery.   Sorry but it just struck me as funny and I have a few minutes to waste on something totaly unproductive. But alas I should be grateful that they send $$ to JDH to help keep the site up and running.  So next time you are feeling Randy, and are just too tired to "troll" the bars log on to the above site and contact Marcus he evidently does the "trolling" on your behalf for a fee. 

SW
Still married to the bimbo I culled out of a bar 35 years ago 


800,000 relationships ... WOW that's a busy pimp

[jjj000]

CNXT - http://stockcharts.com/h-sc/ui?s=CNXT&p=D&yr=0&mn=10&
DRL - http://stockcharts.com/h-sc/ui?s=DRL&p=D&yr=0&mn=10&
MGI
...
Just trying to find something that might be able to do what the rental cars did.

CNTX looks like it broke out back in March along with all the other stocks in the world that I missed.

DRL... holy shit is that a $2 stock that was an $800 stock just a couple years ago!??!  Can that even be right??  Holy lord.  No matter what any chart says... that can't be good

MGI looks the closest of these to a potential OBV/MO breakout... however on the short term right now it's looking toppy.  Usually when momentum swing positive then drops negative again -- if this happens 3 times in succession (the 3-push reversal) it's usually a sign to stay away.  Pretty much coincides with the 3 up waves formation.  Right now it looks to be peaking wave 3, with the next push down to negative momentum being the potential trend killer.  So I'd wait to see how that plays out.

Problem I have with OBV/MO right now is that I haven't found any real use for it once an uptrend has started already.  There are some top signals for when to get out... but not a whole lot in the way of "getting in if you missed it"... other than zooming in and looking short term on the hourly charts (but then the signals are only valid for short term trades).

-----------

I don't think we are likely to find too many opp's like rental cars or coffee hiding out there right now.  A sector really has to be beaten down severely to have that kind of a breakout rally.  And right now there aren't too many severely beaten down sectors... every stock in a love fest for the past 3 months.

Maybe airlines are beaten down... some negative press there recently.  But that nice inverse relationship with oil from the past couple years is NOT working with the airlines anymore 

[Bottomfeeder]

Thanks for the site 3j.....added Harmony Gold to my list on African exposure, another tailings recovery operation.  Need more DD still though.

We had a crossover on FAZ a few days back.  Still holding on the 10/30.  50 day cross would be at around the 5.50 level, which we hit in the last week.

Same ole story....on the edge, in the middle, which way will it go....blah blah blah.

I am kind of expecting the banks to "surprise" us all again on earnings announcements to send the markets higher, as it did on last quarters announcements.  One quarter doesn't make a trend, but is at least a pause, until a continuation can be recognized, whether its up or down, "who" knows.

I will be pretty happy with sideways in the U sector from here, just wanting to hold the intermediate.  "Most" of them appear to be doing just that.  URZ, an exception, putting up a nice chart, but would more than likely get hit hard with its exposure to 3 Russell indexes, should the market decide it wants to have a significant correction, in spite of todays contrary performance. 

GLTA

[pinetree]

Same ole story....on the edge, in the middle, which way will it go....blah blah blah.

Was thinking the same thing... Same ole story indeed LOL

With everyone all excited about this head and shoulders top I wouldn't be surprised to see a break of the neckline and then some catalyst that sends it flying the other way. 

Problem I have with OBV/MO right now is that I haven't found any real use for it once an uptrend has started already.  There are some top signals for when to get out... but not a whole lot in the way of "getting in if you missed it"... other than zooming in and looking short term on the hourly charts (but then the signals are only valid for short term trades).

I know.  I need to have a good way to get into an existing trend.  Not just for the cases where I miss the initial entry but for managing existing positions... adding to winners, knowing when to sell, etc...


EDIT - On the SPX... it's at the same place it was in the first week of May... definitely a range-bound market.  Just thinking if we get down to that 875 support area it might be a good time to look for some long positions.  Unless we get some surprise bad news I don't see it going much lower than that.

[jjj000]

EDIT - On the SPX... it's at the same place it was in the first week of May... definitely a range-bound market.  Just thinking if we get down to that 875 support area it might be a good time to look for some long positions.  Unless we get some surprise bad news I don't see it going much lower than that.

I thought we did get surprise bad news the past couple days?   Conversely, I think news would have to be out-of-this-world positive to push things up with any real strength.

I think things are going to be touch and go until the first 2 or 3 big earnings reports in the next couple weeks.  Morgan Stanley already leaked out some negative sentiment today - repaying TARP funds may put a loss on the books, etc., so I'm wondering if banks will announce early like they did last quarter if they have anything positive to say.

If there are no early announcements then my bias would be towards disappointing, or at least not beating expectations... and a potential market sell-off.

Looks pretty straightforward to me on the charts though... if S&P breaks below 880 then it probably goes down to at least 815.

On the other hand if it breaks 930 it should retest 945 and maybe make a push to 1000.

So you've got about 60-70 points ready to move in either direction, with right now path of least resistance being down.

Just my worthless two cents... (and someone please start the July thread)

Happy Independence Day friends.  Hope you all enjoy every last minute of it!!

[sunseeker]

US indebtedness:

http://www.iousathemovie.com/

There is a particularly poignant part at about the 20 mins mark where the US threatens the indebted UK government with bankruptcy unless they withdraw their forces from the Suez Canal in 1956.
China is in a position to exert the same sort of political blackmail on the US should it suit them.
Not a pretty picture.

Austrian Bank Gold  Report .PDF download:

http://produkte.erstegroup.com/CorporateClients/en/ResearchCenter/Overview/Research_Detail/index.phtml?ID_ENTRY=752

To all of our American cousins:
Have a very great 4th July holiday and enjoy the day.


That independence was hard won and at great cost. Don't allow it to slip away (for all our sakes).

ATB

[MetalMeister]

Anybody remember me talking up this one in June?

Way more than a triple now...

 

Moving this here from May thread.

Cash is definitely a big gamble for me.  But I believe that I will make money just on their proven coal reserves alone.

Someone will buy them for their U reserves.  Their 43-101 is supposed to be completed sometime next year.

I have no Santoy, but I have some Melkior Resources MKR.v which since last December-ish is about a triple.  What I like about them is their gold drilling results.  When the money starts flowing back into juniors then they will be worth .80 easily, IMHO.  Melkior was partners with Santoy in uranium prospecting, no longer, but I just liked their gold assays and drilling results so I watched them for a long time.  I bought in the first time in the .30s then sold after they went to .60-.70, sold at .50 because I was afraid they would drop way down again in late 2007-ish, I think.

I always liked Santoy but something held me back from buying their story.    Can't remember what it was, maybe because Pinetree Capital was never invested in them?  Pinetree was invested in GEM but I never bought that one either.

Over a million shares!

Ok, now the question everyone wants to know.... how much Santoy do you have?

[jjj000]

nice work.  Might I suggest taking your profits now while you got 'em?

[jjj000]

Just something to mess with your head:




and then the follow up post 1938