Thursday, April 26, 2012

TRAPPED SHORTS

It should be funny when this turns on the shorts. That doesn't mean now but when it does the true power will crush them like bugs. If you aren't in the club when the PM trade turns it will be truly brutal for you. Not only will the shorts be crushed but most retail will be wondering when to get on the train and of course the train will be so far out of the station they won't even try to get on. Of course that is how the game is played. Some of my friends try and trade these moves and usually wind up taking their five percent and change and feel lucky for the coins the big boyz throw them. I can't really blame them for puking up their profit quickly after the long beatdown they've experienced but its just exactly what this type of beating is for. Its to make you HATE the trade. Its simple mass psychology. It works everytime and of course is very predictable. Couple that with the adjuncts available to the casino ( such as owning the press) and you have the perfect game. gl peeps.

19 comments:

  1. Shout out to Inlet...just catching up with the blog now. Hope everything is good!!

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  2. Good point homer, if he's reading & can give us one, we'd appreciate an update.

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  3. Looking good so far on the miners, hopefully the start of "the turn" but they can and probably will smash 'er back down.

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  4. get well inlet.........and get back.......

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  5. Kli,
    Got a text message that ALU took a 10% dive this morning have no idea why, to buzy and can't get to PC today, what may be your thoughts, was a favorite of Joe's. Thanks in advance....

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    1. tom.......eurozone going into depression overall unemployment in spain is admitted at 22%.....top line ALU rev down 23%......

      http://seekingalpha.com/article/531461-alcatel-lucent-still-building-on-loose-sand?source=yahoo

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  6. Market up, gold up over $16 and my poor KGC is red. hmmmmmmmmmm

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  7. Don't laugh, but I just made an intraday trade on Chevron Corporation that netted me $27.98 after commissions.

    I guess up a a few peanuts is better than losing money. :)

    I've been using a new strategy lately that is based solely on real time charts. I don't even look at the news. I'll share with you guys once I test the system a few more times.

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  8. From one of Inlet's earlier posts, he wrote that he was meeting with the surgeon 4/26 which is today, and then likely surgery 1st week of May. My thoughts are with him as well.

    There is a note on Yahoo that ALU tumbled due to shrinking margins and uncertainties in Europe.

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  9. (ALU)Alcatel Lucent is still around? I'm surprised they haven't tossed in the towel yet.

    Talk about a dead horse.

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  10. Negative article on KGC on seekingalpha. That's the cause of its weakness today.

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  11. must read........ooooooboy

    http://www.marketwatch.com/story/harry-schultz-last-investment-testament-2011-01-10

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  12. KLI: that column was written over a year ago but still sent a shiver down my spine.

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  13. yes......not your typical "gold bug"

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  14. Kli,

    Thanks for the info on ALU, not looking do good.....

    Nothing new in the Schultz piece...... at this point we all know where we are going and it ain't Oz!

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  15. Spain downgraded, surprise, surprise...dollar bump and gold/silver down again tomorrow? Is anyone buying ssri? It's been taken to the cleaners...

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  16. You guys see at amazon.com after hours??

    Up 15%

    Going to be some berserk options action tomorrow morning. I'll the alarm for this one.

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  17. Amazon earnings are an accounting farce involving one time equity earnings ....bet the fade it tomorrow

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  18. http://www.zerohedge.com/news/amazon-surges-after-hours-after-tax-accounting-gimmick-cash-burn-collapsing-margins-and-negativ

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