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TranceAddict Investors Club @ Marketocracy (pg. 77)
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| Groundhog Boy |
| quote: | Originally posted by Krypton
I made almost 200% on my MTL, before selling. Too bad it was one of my smallest holdings...:(
I generally believe the commodities sector has topped out for now. That includes precious metals, agriculture, energy. But only for the near term.
POT, or pot, I like em both!:p |
I lost a lot of money this morning....my gf has 300 shares and is still holding on, but I just don't trust the Russian government after they've decided to go after someone and dumped mine at $30. It's down to $25 now and was as low as $22.
| quote: | MOSCOW, July 24 (Reuters) - New York-traded shares in Russian coal miner Mechel (MTL.N: Quote, Profile, Research, Stock Buzz) fell more than 20 percent on Thursday after Prime Minister Vladimir Putin accused the firm of selling its products domestically at twice the price of exports.
"I'm asking the federal anti-monopoly service to pay special attention to this problem. And maybe even the investigative committee of Prosecutor Generals Office," Putin told steel company owners at a meeting to discuss developments in the market.
Mechel, also Russia's sixth-largest steel maker, declined immediate comment. Its billionaire majority owner, Igor Zyuzin, did not attend the meeting in the city of Nizhny Novgorod.
"In the first quarter of this year, the company sold its raw materials abroad at half the price of its domestic prices," Putin told the meeting.
Traders were quick to draw comparisons with Putin's once sharp criticism of oil firm YUKOS, which was bankrupt under a huge back tax bill.
"This (Mechel) was a benchmark stock for the sector, but now people are remembering what happens here when you come into conflict with the government," said Pavel Koryshev, trader at East Kommerts investment group in Moscow.
"The company could face corporate ramifications along the lines that we've seen before," he said.
A Moscow-based fund manager, who asked that he not be identified, said investors in Mechel were being scared off by Putin's comments.
"People are getting out of Russia. Putin had some very angry comments directed straight at the company and it is quite rare for Putin to specifically single out one company," he said.
Mechel shares were down 18.8 percent at $29.7 at 1505 GMT. |
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| mndeg |
the SPY will be going down for at least a few days if not longer as this IS a bear market which people see to have forgot. the market brings down all stocks regardless of how great a company it is.
financial spider UYG now down 9.38%
I still have my puts on SNDK. I really wish I had cash right now though, lol. Would be great to have a margin account right now. To me, easy money right now would be calls on the SKF (double inverse financials). Free thousands of dollars. 100%+ return in a single day.
1. you have momentum on your side
2. fundamentals on your side
3. technicals are on your side as well
4. MASSIVE run up of financials, 70% gain in 4-5 days without sound reasoning
5. the downside (upside) is so far unlimited because banks have yet to value their CDOs properly. they are stalling. |
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| Krypton |
I sold HIMX FCX and MBT at my -10% stop loss. More may come. Not a good day for the bulls.
| quote: | | I lost a lot of money this morning....my gf has 300 shares and is still holding on, but I just don't trust the Russian government after they've decided to go after someone and dumped mine at $30. It's down to $25 now and was as low as $22. |
Dude, MTL is over priced. I surprised you haven't already gotten out.
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Today is probably one of my worst days ever. I'm actually changing my strategy because of it. For my flagship funds, I will be looking at charts before I buy. I can't rely strictly on fundamentals. I have to know when to buy. Just because a stock is under priced, and high quality, doesn't mean it won't keep going down. So before I buy, I want to know that my stock has reached a bottom level. |
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| mndeg |
| CROX down -52%!!! today after hours |
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| Krypton |
| quote: | Originally posted by mndeg
CROX down -52%!!! today after hours |
CROX is not in a very good place. If you have faith in them, if you bought, and they were to go up back to their previous levels, you'de be rich! |
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| mndeg |
it would have to be an act of God to make those crocs shoes popular again. maybe in 30 years when old trends come back. LOL
I think it's about time to invest in corporations that produce bell bottoms |
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| Krypton |
| quote: | Originally posted by mndeg
it would have to be an act of God to make those crocs shoes popular again. maybe in 30 years when trends come back. LOL |
They need to diversify their product line. If they don't, they are screwed. |
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| mndeg |
either way they won't be able to make the margins they've had before. there are millions of generic clothing companies out there, and not that many of them have decent margins.
anyone know of a way to find large buys on the ask of options without looking at every strike prices put/call chart?
something like heatseeker on this website
http://www.optionmonster.com/ |
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| Krypton |
| I would love to get into options, but I haven't yet jumped into it. It seems much more complicated than just simply buying a stock, or short selling. |
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| mndeg |
my prediction is financials down big tomorrow, S&P 500 down (around 1-1.5%), nasdaq down, GLD up (gold), maybe UNG (nat gas) might finally go positive after tanking for quite a while after all 18 million shares traded. high volume on the downside generally means capitulation I like the tail on the bottom too.
have you guys seen how most mutual funds are doing? most are around -10%, and these people manage peoples RETIREMENT money.
how hard is it to recognize a bear market and put money into short indexes or stay in cash? it's sad how people hand their future into the hands of someone that may not be competent.
| quote: | Originally posted by Krypton
I would love to get into options, but I haven't yet jumped into it. It seems much more complicated than just simply buying a stock, or short selling. |
it's not bad. just very very harsh punishment for bad trades.
i don't understand people hedging their calls with puts though. why not just buy LESS option contracts? (pete najarian, fast money) |
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| Shakka |
| quote: | Originally posted by Krypton
I would love to get into options, but I haven't yet jumped into it. It seems much more complicated than just simply buying a stock, or short selling. |
I have a useful, relatively simple spreadsheet I have created to help me trade options and determine if the risk is worth the trade. I actually do the options trading in my shop, though I like to keep it simple. Some options traders make things a bit too complicated for me and some options strategies are just outright crazy complicated...butterfly spreads, straddles, collars, etc. I just use options to enhance a high conviction idea with a little leverage. There is a lot of bang for the buck in an option, but their values move lightning fast so lots of money can be made or lost in a heartbeat. |
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| mndeg |
Unfilled Orders
Unfilled orders for manufactured durable goods in June, up twenty-eight of the last twenty-nine months, increased $7.2 billion or 0.9 percent to $817.6 billion. This was at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.9 percent May increase.
Inventories
Inventories of manufactured durable goods in June, up eleven of the last twelve months, increased $1.8 billion or 0.5 percent to $332.2 billion. This was also at the highest level since the series was first stated on a NAICS basis in 1992 and followed a 0.5 percent May increase.
Capital Goods Industries
Nondefense
Nondefense new orders for capital goods in June decreased $2.3 billion or 3.2 percent to $71.4 billion.
Defense
Defense new orders for capital goods in June increased $1.5 billion or 15.8 percent to $11.3 billion |
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