The next two weeks

[langman57]

Since it hasn't been two weeks since this thread started, I think this qualifies. I was pretty sure we'd see some downward pressure, and here it is. So far, my defense is holding up - Gold, Emerging Markets, and the Oil Trusts. Can't say much for the tech stuff. AAPL & GOOG have been hit, but I don't have large positions, and I still think the internet is going to be a major force to reckon with. The alternative energy sector is holding up ok. I'm still liking Latin America, Brazil, China & Asia, since they have all the money. Not selling anything, planning to ride this out.....it's kind of like driving into a blizzard.

[richmanch]

I thought the markets were going to be bad, but not this bad, this quick.

I mentioned UUU and UEC in the original post here, and in the face of the Dow dropping some 6.65%,

UUU gained 2%

and UEC has held it's own, up less than 1%.

Either these stocks shed most of their buyers during tax loss season, and now have a solid base, and nowhere to go but up in the next few weeks/months.

Or, these stocks temporarily shed some buyers during tax loss season, and they are now waiting to plunge further into the deep--basically getting an early jump on next year's tax selling. The first sharp pullback in gold might sink these stocks rapidly.

Who knows? I guess we're on our own.

I'm still holding these stocks, but have, reluctantly, trimmed back on some holdings--LAM, CHX.

Not all bad news. Gold, silver? Wow. Wish I had more.

And that Casey subscription paid off--32% for one of the gas/oil plays. Though judging by the bid/ask at the end of the day, that entire gain might not hold for very long.

 

[davidslane]

Didn't think these uranium stocks would tank that much farther.
But Wow!


MGA under $3.

Laramide back to $5.50

Pinetree back under $4.


I'm thinking Dines isn't getting too many renewals.


I think we see another year of this (with a possible brief recovery into March).
But the US markets have to recover first.

Thankfully my gold stocks are up!

[richmanch]

I agree, I think some of these stocks are at dangerous levels. Dines should send out and IWB to prop these puppies up. Like the fed will prop up the market soon with a .5 cut. You'd have to love the irony there. 

Casey's uranium picks have been sucking just as much as Dines's.

My big bounce after tax loss selling season did not materialize, though I wouldn't say that it was a disaster. I think it was a good idea that didn't work out, so I've pulled that extra money off the table, without too much damage. I'd do that trade again. In fact, I really want to give it a little more time, but I'm trying to stay disciplined. I said that eventually, I've got to stop making excuses for these stocks.

I'm still very much in the game though. I'm holding UEC, MGA, URZ, etc. I mean, I have to believe that there will be a better time to close some positions. But my huge spring/winter rally prediction might need to be revised.

But I will revise it back at the start of the next rally...

[john77]

Here's an interesting chart that I found from Maoxian:



Are we all, including Dines and Casey, such terrible stock pickers that the picks have tanked over the last year even though we are right in the energy, metals, and mining sector? Our stocks should fall in the top categories and yet their performance looks like the bottom categories. Who can explain that!

For the technically minded, any comments on my favorite junior JNN.V? Being long this stock, I obviously like the positive divergence on the MFI vs price, but don't like the Accum/Distribution line. Do any of the technically minded have any opinions on how these two indicators differ in following smart money movements? Here's a chart:



Let's see what tomorrow brings. This market is too hard to trade actively.

[Depleted]

Looks like a buy today, for me...a very good chance of reversal, with morning star developing on low volume. Other indicators in line, and insiders are involved at 1.68.. Its a buy today, in my book...just as long as the morning star or spinning top holds through today's session....Good Luck

[Depleted]

Watching the reality unfold. It seems we are in for a second retest of Aug 16 lows on the Uraniums. If this holds, this could mean we are in for a dramatic/volatile change in momentum of the uraniums shortly, as their average volumes are dropping, which could mean, no more sellers...Technically, they are still weak, and suggest possible downside, but having watched insider buying recently, it suggests that the uranium bull is only building steam...All the good ones are at their accumulation bottoms....LAM,MGA,PNP,etc....if you had contemplated adding some uranium into the portfolio, today may be the day...

[john77]

I have to say - I would have thought Dec 16-17 was the retest of the August lows. Most U stocks came awefully closed and looked like a W formation. I don't know what that would make this current price action though.

[sunseeker]

This weekend I have read two separate articles, one saying that the pounds recent weakening against the dollar is a good thing for the UK as it will probably mean a soft landing for us.
The only thing different between, a hard landing, and a soft landing in my book is that  a soft landing will be a protracted erosion of capital, but the end result will be the same. In reality I don‘t think that there is such a thing as a soft landing because as soon as the realisation sets in that the markets are going nowhere we all get the message, and head for the exits.

The other article predicted a soft economy for Europe in 2008. Which means at best going nowhere.

I get the feeling from your comments that this is the sort of rhetoric you are getting on the other side of the Atlantic also.

If so I think that it’s time to be very careful, and get some more cash in reserve. We will have all have to be especially alert, not get carried away, or drawn into any sucker rallies.

I prefer to be optimistic so I will be more than happy to be proved wrong on this one.
Best of luck everybody.