Friday, May 27, 2011

GREECE PLACED ON DEATH WATCH!! updateI

Fitch placed Greece debt in the toilet tripple Z negative about 3am and the futures tanked. They quickly had the brakes put on them and the news was whitewashed as to its effects. Obama met with members of the European Union about the same time and was literally told their entire debt problems were only Greece and to go foch himself and sit down. And I thought for a moment in the middle of the night we had a problem.......never mind. I almost have to laugh when I watch these machinations. Its comical to realize you are watching a swarm of rats swimming upstream in a torrent of raging debt water. You know they're not going to make it but you are mesmerized by their paddling and just can't stop watching the action wondering and waiting when the carnage begins.

Its similar to watching the precious metal trade except in reverse. You know the cabal is furiously beating every rally back on the metals trade to protect the fiat CONfidence game. After all if they can't devalue the currency then they can't keep cutting the mutton off the sheep. Its just amazing to see how many of the sheep still don't get the precious metals game. They have been so effectively conditioned to view this as an anachronistic trade that some even ANTI-ponzi traders fight the gold game. Somehow they view it as part of the ponzi. You would think with all the information out there they would take the time to study this. Apparently they are too busy looking at the same charts and EW that the ponzi is using to stick up their asses and not analyzing the trade that could sustain them through this meatgrinder of a market. Oh well... you can lead some people to the water but blah blah blah.

Where are we today? That's easy...the same place we were yesterday and the day before. We're in a trader's market. Its being sustained by the monetization to kick the can down the road so that a political promise to the current administration is kept. They could really care less about the promise but the do care about the "deal". The deal is this. You do not prosecute. You pour all your country's future into the financial industry and military industrial complex. You create a level of debt for your populace that is the maximum sustainable level and we will take your last drop of blood. THEN and only THEN...will we turn off the spigot of liquidity. AND you can COUNT on that happening. It will get turned off. When it does YES my friends GOLD will correct as will ALL of the commods and equities. THEY will crash. It will be very ugly and you will not be cheering any of this.

For now however you are playing the game so keep on enjoying this time. Its running out just as the charade of a recovery is running on borrowed time. In fact CNBS has reached the point of absurdity with its constant attempts to put lipstick on this pig.

Remember they have another limiting factor besides nature.....and that is the price of essentials. The last year was only a prelude for what is coming. We've had a nice manufactured and expected respite in prices......not nearly enough but at least a little breathing room. It won't last long. Ben has no choice. Monetization must and WILL continue. As it does and this reality sinks in then you will find a continued migration to the PM trade. Energy plays in ATPG SGY NBR WPRT HNR etc will continue to be havens.

I'll be watching EGO GFI ANV GORO SSRI SLW HL AG EXK PZG GPL in the miners and I suggest you have your core here. If you don't like these plays go to PHYS PSLV......you should be fine at the end of the year. You get NO guarantees but it beats the hell out of this devaluation game... gl

update I........ absolutely must watch ...get past the commercial and watch the whole thing......absolutely unbelieveable....MUST SEE STUFF

http://www.cbsnews.com/video/watch/?id=7361572n

66 comments:

  1. WOW LNG still keeps trucking...DOE approval means alot...buy out candidate $20 easily now...the big option player that purchased over $1 million dollars of the spetember 12's has not sold a one he got them for .65c each....lol...yep going higher....I sold too early...Oh well I will be buying some OTM leaps on stock that is fo sure..everyone have a great memorial day..MY GOOGLE ACCOUNT is toast DJ...SPPI is next AMGN IMO...AEZS looks like a winna as well....

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  2. remember to remove the check from "keep me signed in" when you try to comment......on your google acct

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  3. well my RSI question on the miners appears to be resolving $HUI nicely above as is GDX so this appears to confirm this intermediate move.......to da moon alice.......fits with the pump into the June POMO

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  4. Kli, What is your take on SLW, both pre-6/30 and post 6/30?

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  5. chuck,

    Is the run over for TKLC at 9.27?

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  6. uranium stocks getting a little action

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  7. klc......short term the miners will take a pullback again......but this year will be a stellar year for silver and SLW.....right now I have a core I will let run and try to trade it....bullish cross now on macd and the rsi 50 cross.....trying to trade options on it will be ping pong so take a position and if you get a bullish run through first two weeks of june then take some profit

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  8. klc.....also I know you're a trader....but patience with a core here may be a greater reward.....just sayin....its my weakness too....if I am right Maybe we get a nice chop trade after mid to late June...just remember EVERYONE expects these to correct when pomo runs out

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  9. took my LDK off nice....now it can run like a mad dog for all of you......i always sell too early...but I have to take a shot here

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  10. Inlet,

    Would you please do a chart of TKLC? This is an interesting telecom stock, 250M in cash, no debt and low is around 7.20, 100ma around 9.

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  11. Joe,
    It was when you started shorting it :)

    I see it getting to 12 or higher by fall...Put activity is saying over 10 is a given..

    happy memorial day weekend to all. Hope you and your families enjoy some good weather, eats and occasional spirit...

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  12. Keeping a roving eye on CYTX...no buy yet...
    tried to break above 200...just below now...lots of room to run higher on any news...has covered gap up and had solid support at 5...rel strength and macd getting interesting...presenting at Jeffries in a 10 days..

    http://finance.yahoo.com/echarts?s=CYTX+Interactive#symbol=cytx;range=3m;compare=;indicator=sma(50,30,200)+volume+macd+rsi;charttype=candlestick;crosshair=on;ohlcvalues=0;logscale=off;source=;

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  13. Homer, Nancy, and Jim,

    You might want to nibble on TKLC, it's headquarters in North Carolina, provides SS7 signaling to telecom carriers, used to be $40 stock couple of yrs back, it dropped from 15 to 7.50 when in February company said their earnings won't be as good as previous yrs, there is strong support around $8, O/S and float is low and daily volume around 500k to 1M. $250M in cash and no debt, around 2000 employees. 100ma is around $9, if it closes above that then it can run to 10.5 or 11. This is not a pump and dump company. The call activity is increasing. Lot of institutions own this stock.

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  14. kli,

    look at the gap between 50ma and 200ma on TKLC.

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  15. Kli,

    which way do you think oil going to break? seems stuck in the mud at $100.

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  16. I've had my fill of bad drivers in San Francisco....Calgon take me away...

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  17. Kli,

    I'm obviously eating crow after my gmxr dog comments..thats a tough symbol to figure out for me.....

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  18. Kli, Thanks for your input.

    So we all know the whole point of this correction is to take some air out of commodities/essentials, inflate the dollar and drive treasury yields into the ground so the Bernank can print again. We should see more weakness in commodities with a few "up" days like today wherein terrible economic data guarantees that QE III is forthcoming and the inflation trade is back on. For now, I will probably do some swing trading with my SLW and hold on to it once QEIII (or whatever new program they concoct) is announced.

    This has been one heck of a challenging trading environment.

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  19. Thanx Joe (et al) - going to look at it in a minute, work calls, but at least my VPN is back up, when down I can't troll the net...

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  20. QE 3 will appear more likely in fall...if T rates stay here..bernanke has his stagflation...Kli is right they are still fighting deflation in their own minds...

    http://www.bloomberg.com/news/2011-05-27/japan-s-aa-rating-outlook-lowered-to-negative-by-fitch-in-warning-to-kan.html

    Greece is one thing, Japan a whole different enchilada...remember that nuke thingy over there....these aholes are covering up a monster..
    http://www.bloomberg.com/news/2011-05-27/tepco-faces-massive-problem-containing-radioactive-water-at-fukushima.html
    As a team from the International Atomic Energy Agency visits Tokyo Electric Power Co.’s crippled nuclear plant today, academics warn the company has failed to disclose the scale of radiation leaks and faces a “massive problem” with contaminated water.
    The utility known as Tepco has been pumping cooling water into the three reactors that melted down after the March 11 earthquake and tsunami. By May 18, almost 100,000 tons of radioactive water had leaked into basements and other areas of the Fukushima Dai-Ichi plant. The volume of radiated water may double by the end of December and will cost 42 billion yen ($518 million) to decontaminate, according to Tepco’s estimates.

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  21. Joe, thanks for tklc...do you have thoughts on mobi? Just holding my miners through thick 'n thin...but also nice positions isn phys, pslv, cef for slower but more stable returns. Everyone have a great week-end. Kli, your commentary gets better & better GREAT today...the video is amazing...no wonder we're in so much trouble with crooks from top to bottom! SB looks sooo uncomfortable, I think the women have more troubling with the lyin', LOL. TTYA soon...Best, Sister Nancy

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  22. chuck,

    GFRE getting cheap again, heheeeee!

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  23. Oh, and Joe if only I had held sgy...lol, bought back at rock bottom when you suggested, you are soo talented at that!

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  24. Also, would you guys check out etp for me? Pays a great divi and has been beat up a bit...not sure about the debt...thx.

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  25. Nancy,

    I like MOBI, my kind of stock, wow what a roller coaster for this stock, if you have a strong heart then this is what I call FUN in the casino, the price of MOBI is all over and volatility is off the chart:

    http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&bn=120477&tid=3718&mid=3718&tof=6&frt=2

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  26. Joe,
    I've been watching it and actually have a little at 3.54...it looks like they are trying to get scared longs to sell...3.33 looks like short term support line...almost hit it and bounced up this am...but last couple days the spike happens at open then sells off....so at end of day I'm going to buy a little more....2nd half coming up and that GS call on expecting china market to move higher is sticking in my head...

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  27. nancy,

    Mobi's action past couple of months has been a real rock & roll, heheeeeeeeee!

    http://www.youtube.com/watch?v=XWhInhE6emE

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  28. CSUN is looking attractive down here...on radar screen now....only issue its chinese stock and everyone hates them....or is that a clue...

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  29. chuck,

    The trading range lately for GFRE is between 3.30 and 3.90.

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  30. another radar ticker...PURE...some large block buys today...

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  31. chuck,

    Small cap chinese stocks are for you and me NOT for most people here especially kli, his heart is not good and can not handle that much volatility, as a doctor if he starts trading these stocks then he will need a doctor himself, heheeeeeee!

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  32. Chuck,

    kli's main worry about trading small cap chinese stocks is that he knows at any second I can turn around and shift from long to short and that's too heavy for his heart, heheeeeee!

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  33. Joe,

    I'm married to a 5'6" Hong Kong born lady so maybe I should stick with chinese medium caps :)

    Is Kli a Nervous disorder MD? :)

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  34. look at the gap on ARNA as U noted on TKLC...the volume the other day was top 10 all time for stock...I have a feeling a trigger is near..they have held it at this level...cple big block buy orders and it could move fast...needs to close above 1.56..

    or course a couple big sell orders would not be nice...but 1.20 looks like support..

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  35. PURE is a good buy here at 1.20 and dump it at 1.70.

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  36. Joe, re: mobi, look at the short interest, I believe it's 25%...also some nice gaps...squeeze coming one of these days, would be more comfortable if I coulda entered in the 8s. Preparing stomach for a play...

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  37. reloaded RNN this morning. I like insider buying. Seems to have good support in low 1.20's

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  38. Ken..someone else just followed you into RNN, interesting late afternoon volume surge..big blocks..

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  39. maybe I will post what I am buying here more often. :)

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  40. you sure that wasn't you with the 700K block :)

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  41. Probably the A-hole Joe.....hehehehhe

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  42. remember if you are unable to comment you must UNCHECK the "keep me signed in" box when your google password comes up

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  43. chasing PURE at the close......

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  44. for a longer trade...look at HNR here....I'm still holding a position but it looks like the big boyz may have stopped bleeding it

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  45. lots of bios getting volume right now....kind of weird for last hour before memorial day..

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  46. wow, joe's pick OPTR just got fda approval for some loose stool pill...then is just whacked down...like sppi actually...

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  47. CYCC on the move again.
    The breakout failed yesterday.

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  48. Ok, bought some mobi @9.11, we'll see how that goes...everyone have a great week-end.

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  49. buying miners at close......sneaky baastids

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  50. U2 Sister..

    Thanks to all the women and men in service who had the courage to die for our freedoms....

    http://www.youtube.com/watch?v=nBwrX1MingU

    my irish brothers rock...

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  51. happy holidays everyone.....best wishes

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  52. good a lucky fill of my standing OPTR order at $12.8 ... sold AH at 6% gain .... (btw, PAL did bounce nicely)

    happy holidays to all

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  53. MERS what a great system..... All that fraud and what does Sheila Bair suggest, Lets start a slush fund! Unreal.....

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  54. Just a little more to go along with the 60 minute piece

    http://www.zerohedge.com/article/knights-columbus-targets-bofa-foreclosure-actions-knights-columbus-v-bank-new-york-mellon

    A Great Weekend to all!

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  55. Impressed with CBS for doing such a standup job with that story. I guess someone didn't get the memo about journalism being extinct.

    If only we would handle this like w handled the Savings and Loan scandal, a couple thousand pairs of handcuffs might put a stop to this chicanery.

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  56. Sadly a few pairs should also go to the wrists of people who were paid $10/hr to be fraud proxies for organized crime. "They told us it was legal" doesn't cut it, tho maybe let them off with community service if they want to help with the prosecution of those above them.

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  57. nancy etp looks good for a bounce here.....long term investment however I am not a fan of it going into a weakening global economy....for the next six months prolly fine...but I don't like how it broke recent support....of course I could say that about a lot of these...

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  58. Joe - requested chart for TKLC - http://swingcycles.blogspot.com/2011/05/tklc-as-of-05-28-2011.html

    Hope it helps.

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  59. This comment has been removed by a blog administrator.

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  60. Did you consider trading with the best Bitcoin exchange service: YoBit.

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