Stockmarket September 2011

[sunseeker]

For the third time since early august, i've done the SPY trade (incredibly easy money(( and i'm no Jesse Livermore))) between 1100-1200.Out today....This can't keep going on or nobody would work..Does anyone here even bother with the index trades nowadays?

Hi Dananini
Good to hear from you again.
I have not looked at those for sometime. Maybe I should.
Good to know that you've turned things around.


ATB 

[onlooker]

Uboat’s September 8, 2011 quote:

An alternative income ETF  is the BMO Covered Call Canadian Banks ETF "ZWB" http://www.theglobeandmail.com/globe-investor/investment-ideas/portfolio-strategy/market-storm-a-good-trial-for-new-etfs/article2152415/page2/

SS’s October 8, 2011 quote:

http://www.roadtoroota.com/public/709.cfm?awt_l=K6PJF&awt_m=3XLlokYhVxAZ85B

~     ~     ~

HOLY SMOKES!  There’s a solid Canadian connection to time bomb, DEXIA.

See:  http://www.rbcdexia.com/AboutUs/p_AboutUsOverview.aspx

See: 

RBC seeks buyout of Dexia joint venture
October 11, 2011

http://www.cbc.ca/news/business/story/2011/10/11/rbc-dexia-exit.html?cmp=rss

[sunseeker]

Uboat’s September 8, 2011 quote:

An alternative income ETF  is the BMO Covered Call Canadian Banks ETF "ZWB" http://www.theglobeandmail.com/globe-investor/investment-ideas/portfolio-strategy/market-storm-a-good-trial-for-new-etfs/article2152415/page2/

SS’s October 8, 2011 quote:

http://www.roadtoroota.com/public/709.cfm?awt_l=K6PJF&awt_m=3XLlokYhVxAZ85B

~     ~     ~

HOLY SMOKES!  There’s a solid Canadian connection to time bomb, DEXIA.

See:  http://www.rbcdexia.com/AboutUs/p_AboutUsOverview.aspx

See: 

RBC seeks buyout of Dexia joint venture
October 11, 2011

http://www.cbc.ca/news/business/story/2011/10/11/rbc-dexia-exit.html?cmp=rss

Hi OL
Excellent detective work. Thanks for sharing. 

Having to keep things short and sweet for now..... 
Back to normal on Wedneday next... 


ATB 

[sidewinder]

I'm still ripping the ES on the E-mini SnP whenever I feel like babysitting a trade.

Otherwise, got to collecting cash on selling vertical spreads on puts and calls on the weekly options.  That way I can do my thing on Tuesday or Wednesday and go play with my new passion ATV's.  (Can't help it I love working on machines).

http://www.cboe.com/micro/weeklys/availableweeklys.aspx

There's a list of the issues that are available for the weekly's.  I like Apple, the Q's and spy for that.  why wait a month to see if your are right when you can do these puppies every week.     I mean the volatility is just nutz so why not take advantage of it. 
 

[Uboat]

Bank alternative: "Taking it a step further, customers who don’t trust government-issued currency may some day be able to keep their deposits in the form of gold and other precious metals that they could tap for everyday purchases. That idea is in keeping with Mr. Sprott’s musings about chequing accounts backed by precious metals – customers could deposit gold, then make purchases by cheque and have their accounts debited accordingly."

http://www.theglobeandmail.com/globe-investor/investment-ideas/streetwise/sprott-makes-a-bet-on-a-different-kind-of-bank/article2204088/

[JDH]

Interesting.  I'm not convinced that a bank that does no lending could actually make any money.

Currently a bank can pay 1% interest on a savings account, and let it out at 19% on a Visa card.  That's huge leverage.

With no lending, if their only source of profit is foreign currency exchange and precious metal sales, they may not have a chance.  It's a cool idea though; I hope it works.

[Depleted]

Is the market going up or down? Who Knows. It seems to be in the spotlight the past few months with all the volatility. Well, maybe I can shed some light on what some "insiders" seem to think. I will just mention some facts, and you can decide for yourself. Someone I know who works at the Bethlehem Copper mine for a big fish , Teck Corp here in B.C. The workers were recently offered a $10K cash bonus if they promised NOT TO STRIKE for the next 5 Years. This would mean they would get a new contract that precludes them from striking fort the next 60 months. One may think that they are anticipating a real rise in commodity prices, and they want to ensure the production continues into the higher market "uninterrupted". I guess bonuses are offered by many campanies, but I think this is a fairly significant one, and may have a deeper meaning on anticipated market direction...
Start looking for possible breakouts on the upside...
Hope this helps...D 

[sunseeker]

Is the market going up or down? Who Knows. It seems to be in the spotlight the past few months with all the volatility. Well, maybe I can shed some light on what some "insiders" seem to think. I will just mention some facts, and you can decide for yourself. Someone I know who works at the Bethlehem Copper mine for a big fish , Teck Corp here in B.C. The workers were recently offered a $10K cash bonus if they promised NOT TO STRIKE for the next 5 Years. This would mean they would get a new contract that precludes them from striking fort the next 60 months. One may think that they are anticipating a real rise in commodity prices, and they want to ensure the production continues into the higher market "uninterrupted". I guess bonuses are offered by many campanies, but I think this is a fairly significant one, and may have a deeper meaning on anticipated market direction...
Start looking for possible breakouts on the upside...
Hope this helps...D 

Coming from you I know it's very good info.....

http://buy-high-sell-higher.com/forum/general-discussion/a-uranium-stock-list-t1181.0.html;msg14288#msg14288


Thanks for that D.

It's also getting very close to my copper strategy time.  

Good to hear from you.

ATB  

[pinetree]

I notice U stocks are beaten down once again.  Mega got as low as 20 cents and call me crazy but I couldn't resist stepping in and establishing a position.  Bought some Dennison as well.  I remember the U rallies of 2009 and 2010-11.... wishing I had bought more near the lows.  You'd think I'd be loading up the boat here but it's always hard psychologically.  The mind becomes filled with "what ifs"

I'm thinking the market is hammering out a bottom before another leg up.... but am not sure if it's finished doing so yet.

[sunseeker]

I notice U stocks are beaten down once again.  Mega got as low as 20 cents and call me crazy but I couldn't resist stepping in and establishing a position.  Bought some Dennison as well.  I remember the U rallies of 2009 and 2010-11.... wishing I had bought more near the lows.  You'd think I'd be loading up the boat here but it's always hard psychologically.  The mind becomes filled with "what ifs"

I'm thinking the market is hammering out a bottom before another leg up.... but am not sure if it's finished doing so yet.

Hi PT
I think you're a being bit premature.
But as Warren Buffett likes to say "Be greedy when others are fearful."

My notes tell me to look in the next 2 to 6 week period.

I hope that fortune favours the brave and that you'll prove me wrong. 

ATB 

[pinetree]

Well, my purchases weren't large positions, esp Mega.  I wasn't ready to get on board in a big way yet.  The reason is my favorite leading indicator..... copper.... has not signalled a bottom yet.

I actually took my profits on Dennison at the close today.  I noticed the market stalling out over the last week, but copper has started heading lower the past two days.  In particular.... today, copper proxy JJC opened with a gap down and a nasty red candle on high volume.  That concerned me somewhat and pushed me to sell DNN.  If copper is continuing to act as leading indicator for the market then it looks like some downside could be ahead.

[sunseeker]

Well, my purchases weren't large positions, esp Mega.  I wasn't ready to get on board in a big way yet.  The reason is my favorite leading indicator..... copper.... has not signalled a bottom yet.

I actually took my profits on Dennison at the close today.  I noticed the market stalling out over the last week, but copper has started heading lower the past two days.  In particular.... today, copper proxy JJC opened with a gap down and a nasty red candle on high volume.  That concerned me somewhat and pushed me to sell DNN.  If copper is continuing to act as leading indicator for the market then it looks like some downside could be ahead.

Hi PT
A profit is a profit. 

Last week in October/first week in November is when an opportunity usually arises. 

ATB