oil will take a big hit again if my above post plays out
but it could make a final push up to 90-100 after the equities top
that's what happened last time
markets topped in october....and oil topped out at 140 whatever crazy number in june the next year
on the commodity front keep your eyes on msb
iron ore/china demand play....
i dumped it back at 17ish after a nice run shoulda held on a bit longer
like it for the long term on another dip.....the trust runs out when all of 25 people of some sort die...and all were alive as of a few years ago from what i read....there are grandchildren that are in their 20s or 30s involved in that as well....so should last another 25 years at least from what i read on it
anywho interesting stock that would have paid for itself many times over in royalty payments if you "bagheld" for the past decade or more
but it could make a final push up to 90-100 after the equities top
that's what happened last time
markets topped in october....and oil topped out at 140 whatever crazy number in june the next year
on the commodity front keep your eyes on msb
iron ore/china demand play....
i dumped it back at 17ish after a nice run shoulda held on a bit longer
like it for the long term on another dip.....the trust runs out when all of 25 people of some sort die...and all were alive as of a few years ago from what i read....there are grandchildren that are in their 20s or 30s involved in that as well....so should last another 25 years at least from what i read on it
anywho interesting stock that would have paid for itself many times over in royalty payments if you "bagheld" for the past decade or more
Not a chance in hell.hno:
1/11/2010
1149.74 S&P Top
Well that was short and sweet.......<TABLE id=yfi_columnar_data><TBODY><TR><TD class=" text_value">GSPC</TD><TD>4:35PM ET</TD><TD>1,150.24</TD></TR></TBODY></TABLE>
Good post. I'm mostly long and taking some off and adding shorts on the way up. Huge resistance point right here. Last two days I've been tempted to dump my shorts and go even longer (too rash), but I've made that mistake too many times in the past. I'm finding all kinds of things I want to buy, but over a month ago I didn't want to buy the same things when they were 10-20% lower.
NO way am I adding to my Longs....I am setting up to Start Shorting...I just didn't think we were at the top when he calle dit and I certainly didn't think we were headed to 900 SP at the time...I do think that as the ALT-A start gearing up here in March we will see(probably in June some bad numbers) start rolling in...I would like to have my shorts set sometime in May....Going to stay Long and Strong ALL the PM's, junior miners, AG, etc
Even keeping all my canroys....When I think about it I don't want to sell anything(sounds stupid) I think I will use my cash to enter some Short positions and hope the "Gold's" off the world stay up, while the rest of the stuff goes down
NO Way to push this pig much higher than 11K on the Dow, but hey irrational stuff happens all the time...I just won't be apart of it if it does...I will be short
Even keeping all my canroys....When I think about it I don't want to sell anything(sounds stupid) I think I will use my cash to enter some Short positions and hope the "Gold's" off the world stay up, while the rest of the stuff goes down
NO Way to push this pig much higher than 11K on the Dow, but hey irrational stuff happens all the time...I just won't be apart of it if it does...I will be short
As usual SSI, the guy who refers to himself in the third person and gives himself dumb nicknames, has long since disappeared once again.
We still have that gap at 904 that has to be filled according to SSI's absolutist statements. So, let's all get ready for a 20%+ sell off from these levels just to fill a gap.
It very well could bounce back off this strong resistance level, but that gap, like countless others, will remain unfilled.
We still have that gap at 904 that has to be filled according to SSI's absolutist statements. So, let's all get ready for a 20%+ sell off from these levels just to fill a gap.
It very well could bounce back off this strong resistance level, but that gap, like countless others, will remain unfilled.
I was very negative in October, my father set me straight, that the companies in the sp-500 should make a ton of money cheap money, staffs cut to bone, very low comps, etc...
I have said it before, slow grind higher, until the Prime rates from banks are raised. Save your money, don't mess with your shorts.
I have said it before, slow grind higher, until the Prime rates from banks are raised. Save your money, don't mess with your shorts.
JDOG you are right, but I don't see any other way of stating that "I" will not be part of the rally Higher as "I" do not see it going much higher than 11K.....How would one state the way they feel without giving guidance? I am lightening up my longs(at least looking for something to sell) And am Looking to go short something if for nothing else to Hedge some of my "core Long Holdings"
I was wrong. At least I was willing to stick my neck out there! I have no time for haters. Good luck
well there def was no Wave 3...I am about to get short in about another month...let th Alt-A's kick in
so yes you were wrong at the time........maybe in the future it will go down who knows
