Thursday, February 10, 2011

RISK ON RISK OFF update II Mubarak OUT!!...NOT!!

Mr. Market is not drinking its Kook-aid today and the long Bonds are killin the curve. Look for that to change going into the spring. It will be your last opportunity to load up on TBT. Give Ben some time to adjust the curve. Our Jobless claims report was a "surprise" 383 and everyone on CNBS was crowing about how great that was but then were shocked the market didn't respond with a green paint. Oh well..maybe they will figure out that Joe Shmo isn't in this market anymore. He doesn't want to play with loaded dice. You just have to learn to bet on the guy that loaded the dice.

Commods and PMs getting the snot kicked out of them today.....SHOCKING! Not really just understand that pullbacks are expected after the nice move we have had. Lets see what the next week holds.

Eurozone is getting into deep chit again. CDS spreads are reaching insaned levels and the breaking point has been exceeded. Now its just a matter of time until the headlines begin to appear.

For instance...look at this little tidbit. You heard about the Danish Bank Amagerbanken that declared bankruptcy this week...after passing the "stress test" just a few months ago. Well well look at this little article....now one of their too big to fail banks is being spotlighted.

http://www.larouchepub.com/pr/2011/110209danish_banks.html

I guess when the next round of "terror" hits the headlines gold should be ripping to the moon as confused and panicked fiat holders begin to realize just how corrupt this mess is.

I still like QE as a driving force going forward in the near term and I haven't changed my long trend on gold or silver. gl

update I.....looks dicey for the "stability game"...I guess when you paint a Faux gov that tortures and kills its best citizens this is what you're gonna get. Wonder how much money the Fed is sending in?

http://foreclosureblues.wordpress.com/2011/02/07/egyptian-banks-open-and-the-government-is-forced-to-use-cargo-planes-full-of-cash/

update II..... Mubarak to resign.....pending speech Al Jazeera live link below....army has booted Mubarak out...(per our command)

http://english.aljazeera.net/watch_now/

89 comments:

  1. Joe. Where will be good for CSCO.

    I want to buy some.

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  2. Some observations:

    UEC appears to be forming a "Cup & Handle". The cup has formed and the handle is forming now. There is resistance at around 6.50 but if that breaks, the stock could reach 7.50 quickly.

    I took an initial position in RNN @ 1.59 & will add if drops more today. The "Golden Cross" (simple moving averages 50/200) should occur soon.

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  3. prepare for opening and you know what I'm looking at today joe.....that lil biotech area.....AEN and RNN...

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  4. Looks like my target on ALU was reached overnite...anybody in it still....MORLA??

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  5. Dave,

    Why CSCO? Do you have any DCTH or AEN?

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  6. Seems like 1.35 to 1.40 for AEN is holding so far, mmmmmmmmmmmmmm

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  7. Joe I got CSCO to hold for a while.

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  8. Don't blame me Joe for CSCO....he did it on his own

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  9. I've been shopping in the miner discount aisle today....hehehehe...oh and that nasty lil bugger AEN

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  10. kli,

    Hope for PZG to bleed below $3 the next couple of weeks for entry.

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  11. There are lot better stocks with more upside potential than CSCO.

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  12. ALU UP 20%........hehehehe....nice call Joe

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  13. Dave,

    If you want to buy more csco then wait and see how much correction S&P is going to go thru, do n't you like other cheaper stocks?

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  14. kli,

    ALU was a steal at 2.30, Red called the bottom perfectly on this one and as I mentioned volume is not an issue with ALU, nice gains!

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  15. heheeeee!

    http://dealbook.nytimes.com/2011/02/10/five-years-later-alcatel-is-solidly-back-in-the-black/?partner=yahoofinance

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  16. Looks like AEN gonna have to touch the 50 day.

    I wanted a conservative play with CSCO.

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  17. Don't read moving averages on these penny stocks.....only major resistance and support.....it is being accumulated on weakness.....that is the game...AEN play with your casino money

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  18. ANV going to break out......no resistance??

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  19. On January 27th AEN was at 1.90 and was ready to go over $2 and the raising cash for amount of $4M announcement stoped it and since then it droped to 1.30s, the outstanding shares and float is low and raising cash is done, this puppy is getting ready.

    http://finance.yahoo.com/q/hp?s=AEN+Historical+Prices

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  20. Dave,

    Due to low outstanding shares/ float on AEN, you want to be in it now and accumulate more if price goes lower, once they decide to turn it up it won't be easy to catch it. I already told kli what to do with this one and he is ready.

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  21. Silver showing potential for nice reversal day.

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  22. Doctrader,

    The reason you saw retracement quickly yesterday from 6.40s to low 6s on UEC and also the reason it's hanging around low 6s is due to the following, once it's done UEC will do better:

    http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&FilingID=7698280&companyid=681904&ppu=%252fdefault.aspx%253fcik%253d1334933

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  23. I'm liking it (silver) wish I had sold yesterday for a trade to re-buy this am like Kli. I was looking for 35.90 on SLW.

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  24. OPXA looking VERY strong as a buy here.

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  25. Raising cash for OPXA should be done tomorrow.

    http://finance.yahoo.com/news/Opexa-offering-85-million-in-apf-2466940218.html?x=0&.v=1

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  26. Euro on 4-8hr, daily also, looks like it built a right shoulder..target 1.33 at least..

    prelim gdp numbers on spain tomm. rest of europe next week...

    buying zlcs on all dips..great pipeline with major pharma lurking...

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  27. Joe,

    Are you still watching ANDS or CLDX?

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  28. Karma,

    I am still watching ANDS and after a nice move from 0.90 to 1.40, the stock is just sitting around 1.20s, it needs a kick in the rear end to get going which means better horses around than this one. ANDS is one trick pony vs AEN which has 4 different flavors of icecream.

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  29. Dave,

    Now that you got in AEN, hope for price to drop more so you can accumulate more and average down cost so when it starts running you have more shares and better gains, patience!

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  30. Karma,

    Also look at how much ANDS has diluted their stock to raise cash vs what AEN is doing. When I mention cheap I look at the overall picture not just stock price which includes number of outstanding shares/ float, how much dilution, and products on the pipe line.

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  31. creditguy,

    ZLCS is a good one, you are doing your homework and DD which is nice.

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  32. http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/2/10_Turk_-_Silver_Backwardation_for_Years%2C_Possible_Hyperinflation.html

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  33. Paper plays are too rich for my taste at the moment. As for ALU take profits if you have them, not exactly the brightest time to enter a long position on ALU at this instant after that massive short squeeze.

    If I cared to even trade, on a technical daily pullback would load up on silver and uranium miners.

    Shorter term high beta biotechs like OREX are good on a beat down and subsequent short squeeze, caveat as long as there is liquidity. European situation, Middle East and China may freeze liquidity for short periods before the FED prints until the cows come home QE3,4,5.


    http://finance.yahoo.com/tech-ticker/ron-paul-doesn%27t-want-to-violently-overthrow-the-fed-he-just-wants-to-see-it-go-away-535916.html;_ylt=AiKrI23leqxEqzDsuLOgezS7YWsA;_ylu=X3oDMTE2Mzk2djR2BHBvcwMxMQRzZWMDdG9wU3RvcmllcwRzbGsDcm9ucGF1bGZlZHNo?tickers=gld,gdx,slv,%5Edji,%5Egspc&sec=topStories&pos=8&asset=&ccode=

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  34. My OCD is keeping me trading Red ...and prepare for the Kraken...bullion buys now while you still can.

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  35. ZLCS "vitamin"

    http://www.reuters.com/article/2011/01/10/zalicus-idUSSGE7090C020110110?feedType=RSS&feedName=rbssHealthcareNews&rpc=43

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  36. Red,

    By the cows coming home are you refering to Golden cows with silver bellies, heheeeeee!

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  37. kli is looking for golden calf twice the size of what's mentioned in the bible, to him SHAME is a foriegn word, heheeee!

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  38. The volume on ALU's short squeeze is BEAUTIFUL!

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  39. http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_A/threadview?m=tm&bn=442&tid=23198&mid=23198&tof=1&frt=2

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  40. Mubarak NOT out.....gold back on the front burner!!! Old dictators never fade away...they must be pulled out by their boots......

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  41. wynn makes 91c...yet look at its pe....what a ponzi..

    gos shorts go....

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  42. My thoughts and wishes are with the brave souls in Egypt that are standing up to their ponzi (that we put in place btw)

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  43. Well that was an interesting speech, someone was off script....... Things are gonna get interesting to say the least!

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  44. If the US doesn't end this quickly all hell breaks loose and the intel knows it....

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  45. Intel....... HA! You would have thought they knew what Mubarak was gonna say! He just flipped BO the bird! Doesn't take Dick Tracy to figure out what's coming next.....

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  46. Tom,

    What makes you think, " He just flipped BO the bird"? heheeeeee! Mubarak, egyptian military top echelon and the entire regime will do what the BOSS tells them PRIVATELY. No one gives up power voluntarily, that goes for puppets as well as their masters.

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  47. JOE Back in DCTH at the close, also pick up some AEN today. Looks like RNN is about move up also. THANKS

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  48. Hello traders. ALU! Kli, you doggie! And Top Doggie Joe, brilliant as always.

    What an INFURIATING Mubarak speech. Heartbreaking And in future, Leon P. should just keep his big mouth shut.

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  49. Woodcarver---just FYI---there was high-volume call selling/putbuying in DCTH today.

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  50. There is no such thing as one president here in either party ( republican or democrat) who is SELECTED to become president without inflinching OATH and loyalty to maintain imperialism. POWER is the most addictive drug in nature. Rules are simple, there are elites and then SHEEP, the public of all countries are considered SHEEP which must be ruled over.

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  51. correctamundo joe....now the question is how many sheep will get sheared before they say BAAAAA BAAAA. Sadly this is the path that appears to be chosen. Whatever the outcome....the Power will retain control ....unless you get an Iranian Ayatollah style takeover and that will not happen in Egypt. The real problem is government instability in the less secular countries like Saudi Yemen etc

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  52. The sheep will prevail in Egypt.

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  53. Joe

    Hitting the road but we sure do look like the Keystone Cops on this one.... If they wanted him out why not just back up a tractor trailer full of freshly printed 100 bills to his new home away from home? Why set things in motion that will blow the region up..........

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  54. Most people do not understand the military power in egypt, it's just like military in pakistan, not only they control political power, they also control economic power since military in those countries OWN private sectors including telecom, food industry, tourism, infrastructure and their money for investment comes in the form of what you call Forign aid from the BOSS.

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  55. HB,

    Sheep will not prevail in Egypt, the most dramatic change public in egypt can do is replace the current regime with Islamic regime ( any other face would be our puppet) if they are willing to give up 1M or 2M of their population and replace it with Islamic dictatorship like Iran. Elites faces and loyalties might change but not the overall health of nation. In order for real LIBERTY to take place and flourish the public of those countries need to be actively involved in all aspects and human nature does not work that way which means people become complacent and rulers milk again.

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  56. Tom,

    Once you understand the real definition of POLITICs and political power, lot of your questions would be answered. Politics is the ART of making one's selfish and wicked desires SEEM like national interest and political power corrupts the moral and judgement of men. Political power has nothing to do with logic since that kind of power blinds the person to the point they believe they are god.

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  57. >>sigh<<

    Well dammit to hell, I'm rootin' anyway. $5 (count 'em FIVE!) bucks says they topple our regime, push us out, and stomp all over our tiny heads.

    Good read, btw: http://www.counterpunch.org/ellis02102011.html

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  58. So the lone dissenting voice against QE resigns from the Fed with years to go on his term

    http://www.cutimes.com/News/2011/2/Pages/Fed-Governor-Warsh-to-Resign-March-31.aspx

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  59. HB......whatever replaces Mubarak will still be controlled by the current military regime....could it be an improvement over the current Mubarak led regime.....only in appearance and only for a short time. Hard times are coming for this entire region as "hard times" with nature coming fast. I'm rooting for them but then I root for the Cubs too.

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  60. HB,

    The way you need to look at it which will make sense and sooner or later is going to happen is the following:

    The maximum time we have as an empire is about 20 yrs regardless of what happens or not short term, that will not bring necessarily liberty or democracy to middle east and other third world nations, BUT as an American you can then say hey, thank God even if there is a mess, it's for them to sort out their issues and we are no longer involved in their affairs. As a republic we should only do commerce with other nations without involvment in their political or economic affairs. We have lot of issues domestically which requires attention and our military should be used to defend the homeland and bill of rights, that's all and that time will come and that would be the time we will get the world's true respect.

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  61. Funny - CIA Director explaining why they didn't know about conditions in Egypt. I believe answer is we only concentrate on terrorists now. So here's the funny quote:

    "Like you I have heard there's a strong likelihood Mubarak will step down this evening," CIA Director Leon Panetta told the House Permanent Select Committee on Intelligence in its first hearing under new chairman Mike Rogers (R-MI). A CIA spokesman quickly clarified that Panetta was not independently confirming this fact.

    http://thecable.foreignpolicy.com/posts/2011/02/10/panetta_and_steinberg_testify_on_egypt_as_mubarak_rumors_swirl

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  62. You only have to look at THIS country's recent history for an answer. Remember voting for "change we can believe in" HA.... we were give a faux choice....Heads I win tails you lose.

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  63. Egypt will ultimately be given the same coin flip

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  64. The hard times for the region could spark the beginning of OUR hard times...

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  65. yes it certainly may....but rest assured that is coming for us as the costs of essential gets pushed to the max......nature's law

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  66. Our military regime, no? I always thought Mubarak was one of our installations. (Setting overlords aside for a moment..)

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  67. Egyptian army pulling out...

    http://www.almasryalyoum.com/en/news/witnesses-egyptian-army-withdraws-positions-near-presidential-palace

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  68. mohammed elbaradei just twitted that Egypt was about to explode and asked the military to step in......hehehhee......of course. What choice is there?? They will ...question is when?

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  69. http://latimesblogs.latimes.com/babylonbeyond/2011/02/mohamed-elbaradei-nobel-peace-prize-winner-opposition.html

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  70. jim where in the heck are all them people crapping over there in egypt

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  71. Saddam didn't want to leave either. Regardless who wins the title of Tyrant for a Day, the structural problems remain in Egypt due to QE, malinvestment and serious problems regarding population growth rates.

    The big winner will be the remaining food producers. Wheat, soybeans, corn, coffee, cattle. Just hard to guess which remains will remain producing as the world slips into shortages of fuel and supplies to produce food as the JIT supply chain breaks down due to the chaos arising from shortages.

    Raising wages (printing more paper) for a few select cronies only inflames the masses. You need real food and energy production.

    Saudi Arabia's threats are self serving since they are one of the next dominos to fall to the hungry masses over the next couple years.

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  72. Ken the same place you take a leak

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  73. so you are the one who reported me

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  74. Red,

    Correct and in regard to , "The big winner will be the remaining food producers. Wheat, soybeans, corn, coffee, cattle. Just hard to guess which remains":
    --------------------------------------
    In Egypt Military controls those industries and ofcourse with the help of you know WHO.

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  75. Kenny,

    Adding to jim's comment, that's assuming military does not start cracking down, if tanks on the ground and fire power from the air is unleashed then egyptians better have diapers since where you take a leak won't be available especially when they have to run for their lives at the same time.

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  76. joe i know all i am reading will come true and that is a sad day for those people

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  77. The M1A1/M1A2 tank or the F16 ( given to egyptian military) flying close to the earth by itself creates horror if you are an opposing military force let alone civilians with nothing to protect themselves against that kind of hardware and then depending on how brutally they decide to suppress, air force can dump napalm bombs with devastating result, that would be horrific.

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  78. True - I was shocked to find out how much we've been giving them in regards to arms.

    Where's the Shah of Iran when you need him. ;-)

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  79. One who creates war is one of a dark soul." -- Artemis

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