Friday, January 21, 2011

BLUE SKIES AGAIN update II

Markets are green....OPEX today. Should be a nice day to sit and watch. I have tried nibbling on some miners SLW ANV GFI. My core in these was low. I have also developed a good heavy core now in PSLV and PHYS. The last three days have been brutal but I hope most of you are holding tight on your cash reserves and not bottom picking just yet....but we are nearing at least a tradable bottom in PMs. I was working on the long term trendlines of gold and found the 1300-1320 area as an important area to watch. Expect the buyers to step in here. We shall see.

Silver is my biggest holding right now and I say go for it Blythe. Knock it to hell. I still have more cash and the more you kick it here the better. It may hurt you to look at your portfolio, but remember its only paper and when they are through with this crazy world it may still be only paper. I am going to think positive there. You have to believe in the bankers for something. I do. I am hoping they keep the system intact. Never misread my hope. Be prepared for chaos but hope that we get through this with our skin still attached. I saw a Bloomberg runner that George Lucas is preparing for the end of the world in 2012. Well....that puts me in the sanity crowd I guess. I'm planning to make money....but I will be prepared for some shake up in things. Those scarce and expensive essential with a terrible economy aren't going to make things "happy times".

OK OK...to the trade ...Watch UEC URZ USU...or just URA. These are going to be long term money makers and I am talking big money over time. Uranium is going to be a big play. Once again...don't go heavy in any one are 10% is a rule.

In biotechs OREX DCTH seem to be the safer plays in this area. ASTM is more speculative. CBST is a conservative play I own too. I never give you my entire portfolio but I own about 25 stocks on average. gl have fun.

update I http://www.thetradingreport.com/2011/01/19/an-interpretation-of-the-china-silver-short-theory-and-fractional-reserve-bullion/

UNBELIEVABLE..... http://www.msnbc.msn.com/id/41188877/ns/business-the_new_york_times/?GT1=43001

22 comments:

  1. EPA going to increase ethanol to 15% in older cars PEIX about to fly IMO.....90C or below is cheap...play...LNG and ibcp looking great much much better day

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  2. congrats dj...... nice breakout..

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  3. ALU might be a nice buy at 3.21.....that is first support. I think 3.10 would be better....but

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  4. Silver gold still in sell mode.....SIT TIGHT...

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  5. price action on ANV is strong today....again......hmmmmmmmmmm

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  6. THKS KLI need a couple good days..cheers love your site

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  7. Month of january belonged to UTA, OPXA and CCME, excellent month for these three puppies. The float is so low on those stock that it won't take much for them to explode.

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  8. http://finance.yahoo.com/news/Vista-Partners-Updates-prnews-709079200.html?x=0&.v=1

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  9. kli joe
    just sitting on good supply of cash taking notes getting ready to strike

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  10. roddog....as joe likes to say NO EMOTION....let it come to you

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  11. Kenny,

    OPXA at 2.05 was a nice steal, I am always looking for cheap stocks with potential. Biotech stocks are volatile and can give you heart attack if you are EMOTIONAL but if you are cold as ice when it comes to trading then biotech stocks are very nice.

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  12. Hello everyone.
    I am still watching the major indices.
    Certainly it was blue skies early in the day, but some clouds did roll in.
    The indices peaked early and then fell through the day.
    The Russell (^RUT) is interesting in that it sold off to end near its low of the day. This will be the 3rd red candle in a row, with all below the 20 day ema.
    The Russell is indicating that the correction is still continuing. But, perhaps Ben & his POMO will save the day next week. We will see.

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  13. Check it out:

    http://www.bloomberg.com/news/2011-01-11/largest-nasdaq-short-interest-percent-increases-as-of-dec-31.html?cmpid=yhoo

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  14. http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=23159&tid=112807&mid=112807&tof=7&frt=2

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  15. HI Joe
    That message is so simple and clear I assume you posted it for a reason.
    Thanks
    Tom

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  16. looks like a feeding frenzy of the shorties.....hehehhe......

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  17. Tom,

    I saw that post in regard to market on SLW board which is a reminder not to forget how the market works and therfore understand how the big boys play it.

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  18. kli,

    just like anything else in life, the COIN has TWO sides. In the case of market one side is short and the other side is long, shorts make money, longs make money BUT pigs always get slaughtered.

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  19. balance is the most difficult force to achieve when playing the game....the balance between greed and fear.....

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  20. kli,

    exactly, the key is the discipline to make sure balance is maintained when one takes a position in either side of the coin otherwise fear and greed will take the trader to the cleaning house.

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  21. Love these excerpts from the Barron's Roundtable discussion from Jan. 15...

    Marc Faber, whose investment acument I trust immensely said, "I no longer regard the U.S. dollar as a valid unit of account." Those words from Marc, made all the more pointed by Bill Gross, who followed that up by saying he agreed with many of Marc's views, although he didn't know if we were as far down the road to perdition as Marc thought we were.

    Gross did state that the U.S. was "employing instruments and vehicles and policies that smack of desperation. We are not looking at a default here, but at years of accepting inflation, which basically robs investors and labor of their real wages and earnings. We are looking at a currency that almost certainly will depreciate relative to other stronger currencies."

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  22. just the beginning......

    http://www.reuters.com/news/video/story?videoId=178980390&videoChannel=1

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