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    All Forums | Investments

    July market discussion

    123 Next Last»
    grapevinekid
    wallstreetcappers
    LeRinkRat
    rick3117
    KOAJ
    ...
    Participants:
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    Views: 2857
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    123 Next Last»
     
    grapevinekid
    grapevinekid
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    Posted: Jul. 2, 2009 - 10:49 AM ET #1

    Looks like nobody started a new thread yesterday.
     
    Bought FRPT this am at 4.95. Just think this one is way oversold after it didn't get the MRAP contract in Afghanistan. Still alot to like about this company.
    Reply
    To remove first post, remove entire topic.
    Looks like nobody started a new thread yesterday.
     
    Bought FRPT this am at 4.95. Just think this one is way oversold after it didn't get the MRAP contract in Afghanistan. Still alot to like about this company.
     
    wallstreetcappers
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    Posted: Jul. 2, 2009 - 10:56 AM ET #2

    GVK,

    We both started a thread, I deleted mine.

    I will rebuy some FRPT at 4.50, thats my target price.


    Reply
    GVK,

    We both started a thread, I deleted mine.

    I will rebuy some FRPT at 4.50, thats my target price.


     
    LeRinkRat
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    Posted: Jul. 2, 2009 - 12:45 PM ET #3

    "in panic there is profit" in FRPT BUT, like walls says, it could go lower esp IF the overall market takes another tanking. hit a 4.81 interday low early. current around 5.20.
     
    pre holiday trading tends to be thin so anything can happen today.
     
    the FAZ is back to 5 BUT, after watching it for the last month, it just doesn't have enough range to be worth screwing with.
     
    gamers look like shit again. LVS low 7's. a retest of recent lows would take it under 7. MGM under 6 and could see that 5 1/2 again. will be interesting to see what the 4th of July traffic looks like this weeked. Nevada Week in Review program last week said they expect a very slow recovery for Las Vegas even IF the economy turns.
    Reply
    "in panic there is profit" in FRPT BUT, like walls says, it could go lower esp IF the overall market takes another tanking. hit a 4.81 interday low early. current around 5.20.
     
    pre holiday trading tends to be thin so anything can happen today.
     
    the FAZ is back to 5 BUT, after watching it for the last month, it just doesn't have enough range to be worth screwing with.
     
    gamers look like shit again. LVS low 7's. a retest of recent lows would take it under 7. MGM under 6 and could see that 5 1/2 again. will be interesting to see what the 4th of July traffic looks like this weeked. Nevada Week in Review program last week said they expect a very slow recovery for Las Vegas even IF the economy turns.
     
    rick3117
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    Posted: Jul. 2, 2009 - 3:15 PM ET #4

    they still have huge contracts that keep value, like outfitting parts on existing cougars and buffalos that get blown up daily. 
    Reply
    they still have huge contracts that keep value, like outfitting parts on existing cougars and buffalos that get blown up daily. 
     
    LeRinkRat
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    Posted: Jul. 2, 2009 - 3:57 PM ET #5

    no doubt that FRPT is still a good company, rick3117 and this selling has probably been over done. hanging right around 5 going into the close. could be some players on the thin edge of margin calls with a 50% bash job. those hit you could get a spike down.
     
    that being said I nibbled with 2k @ 5.01 today and willing to add lower. I still think they could be a potential buyout by a "master of war" whale and "I've seen this fish before". beat up the stock with some news item to get a better price  
    Reply
    no doubt that FRPT is still a good company, rick3117 and this selling has probably been over done. hanging right around 5 going into the close. could be some players on the thin edge of margin calls with a 50% bash job. those hit you could get a spike down.
     
    that being said I nibbled with 2k @ 5.01 today and willing to add lower. I still think they could be a potential buyout by a "master of war" whale and "I've seen this fish before". beat up the stock with some news item to get a better price  
     
    wallstreetcappers
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    Posted: Jul. 2, 2009 - 7:06 PM ET #6

    I think the market can come in more and probably will.

    A good example is SQNM, it had a dead cat bounce and retraced almost all of it, I consider FRPT in the same camp.

    The stock isnt going to run away, the bad news is serious and I can wait out the next few days or weeks..longer term getting a buy at 4.50, I would sell at 7-8 down the road, if that takes a year that is fine.
    Reply
    I think the market can come in more and probably will.

    A good example is SQNM, it had a dead cat bounce and retraced almost all of it, I consider FRPT in the same camp.

    The stock isnt going to run away, the bad news is serious and I can wait out the next few days or weeks..longer term getting a buy at 4.50, I would sell at 7-8 down the road, if that takes a year that is fine.
     
    KOAJ
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    Posted: Jul. 3, 2009 - 7:05 AM ET #7

    any of you guys familiar with a golden cross?

    technical trading pattern which usually indicates a decline in the overall markets. was reading on a blog that we had one a few days ago and we are headed for a nice big fat retracement

    ill have to do some reading but im thinking (and have been for a few weeks) that its time to load up on some triple short ETFs and let em run
    Reply
    any of you guys familiar with a golden cross?

    technical trading pattern which usually indicates a decline in the overall markets. was reading on a blog that we had one a few days ago and we are headed for a nice big fat retracement

    ill have to do some reading but im thinking (and have been for a few weeks) that its time to load up on some triple short ETFs and let em run
     
    wallstreetcappers
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    Posted: Jul. 3, 2009 - 11:37 AM ET #8

    Was that on Bloomberg radio Koaj?

    I was listening to some guy yesterday afternoon while driving around and he was calling a golden cross on the SPX, is that what you heard?

    A golden cross is a bullish indicator where a short term indicator turns through and above a long term indicator (moving average).

    So say a 20 day moving average breaking through the 200 day, that is a golden cross.

    I just drew a SPY chart and it looks like the 200 is starting to move through the 20 and 50 day, but if you look at the 50 and the 20, they are about to roll over down with the 200 day.
    link


    Reply
    Was that on Bloomberg radio Koaj?

    I was listening to some guy yesterday afternoon while driving around and he was calling a golden cross on the SPX, is that what you heard?

    A golden cross is a bullish indicator where a short term indicator turns through and above a long term indicator (moving average).

    So say a 20 day moving average breaking through the 200 day, that is a golden cross.

    I just drew a SPY chart and it looks like the 200 is starting to move through the 20 and 50 day, but if you look at the 50 and the 20, they are about to roll over down with the 200 day.
    link


     
    Vermeer
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    Posted: Jul. 3, 2009 - 10:03 PM ET #9


     It would seem to me that we are going to be witnessing a lot of deceptive numbers...especially in comparative earnings and also in moving averages...recent numbers will be bad, but will look good in comparison to truly wretched numbers posted the last year.
     
     Pure and simple, the stimulus was misdirected...and what recovery takes place will be thin gruel compared to what real recoveries of the past looked like,as el-Erian notes here:

    https://www.pimco.com/LeftNav/Viewpoints/2009/El+Erian+FT+7-2+US+Jobs+Data.htm


    Reply

     It would seem to me that we are going to be witnessing a lot of deceptive numbers...especially in comparative earnings and also in moving averages...recent numbers will be bad, but will look good in comparison to truly wretched numbers posted the last year.
     
     Pure and simple, the stimulus was misdirected...and what recovery takes place will be thin gruel compared to what real recoveries of the past looked like,as el-Erian notes here:

    https://www.pimco.com/LeftNav/Viewpoints/2009/El+Erian+FT+7-2+US+Jobs+Data.htm


     
    Vermeer
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    Posted: Jul. 4, 2009 - 12:09 PM ET #10

    and this as well..

    Don't get too dejected, though. We still have an economic plan with a heaping dose of hope.

    Surely, you'll feel better when the president begins doling out his two-pronged, faith-based explanation — and if we're lucky, he'll do it at a "town hall" meetings with approximately 100 of his closest friends.

    First, you should always assume things could have been worse.

    This leap of faith involves buying the "save-and-created-jobs" myth the president likes to peddle. And if you're lucky enough to be working on some state-run boondoggle awash in freshly printed money, smile. As for the rest of America, we once again learn that government spending rarely spurs wider economic prosperity.

    But let's, for argument's sake, make believe that the stimulus plan has saved or created 150,000 jobs.

    By the end of June, $53 billion in stimulus funding has been spent on weatherizing projects, land bridges for rodents and checks for 10,000 formerly living Americans (this administration doesn't only create jobs, it creates life). That puts the cost of each job supposedly saved at about $354,000, or, exactly the sort of efficiency you'd expect from D.C.


    Reply
    and this as well..

    Don't get too dejected, though. We still have an economic plan with a heaping dose of hope.

    Surely, you'll feel better when the president begins doling out his two-pronged, faith-based explanation — and if we're lucky, he'll do it at a "town hall" meetings with approximately 100 of his closest friends.

    First, you should always assume things could have been worse.

    This leap of faith involves buying the "save-and-created-jobs" myth the president likes to peddle. And if you're lucky enough to be working on some state-run boondoggle awash in freshly printed money, smile. As for the rest of America, we once again learn that government spending rarely spurs wider economic prosperity.

    But let's, for argument's sake, make believe that the stimulus plan has saved or created 150,000 jobs.

    By the end of June, $53 billion in stimulus funding has been spent on weatherizing projects, land bridges for rodents and checks for 10,000 formerly living Americans (this administration doesn't only create jobs, it creates life). That puts the cost of each job supposedly saved at about $354,000, or, exactly the sort of efficiency you'd expect from D.C.


     
    KOAJ
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    Posted: Jul. 5, 2009 - 8:07 PM ET #11

    Quote Originally Posted by wallstreetcappers:

    Was that on Bloomberg radio Koaj?

    I was listening to some guy yesterday afternoon while driving around and he was calling a golden cross on the SPX, is that what you heard?

    A golden cross is a bullish indicator where a short term indicator turns through and above a long term indicator (moving average).

    So say a 20 day moving average breaking through the 200 day, that is a golden cross.

    I just drew a SPY chart and it looks like the 200 is starting to move through the 20 and 50 day, but if you look at the 50 and the 20, they are about to roll over down with the 200 day.
    link




    denninger blog talk radio - then dennis kneale called the bloggers idiots the next day referring to the golden cross. apparantly it was a bad(?) golden cross where the 50 goes under the 200. i dont get the whole thing anyway
    Reply
    Quote Originally Posted by wallstreetcappers:

    Was that on Bloomberg radio Koaj?

    I was listening to some guy yesterday afternoon while driving around and he was calling a golden cross on the SPX, is that what you heard?

    A golden cross is a bullish indicator where a short term indicator turns through and above a long term indicator (moving average).

    So say a 20 day moving average breaking through the 200 day, that is a golden cross.

    I just drew a SPY chart and it looks like the 200 is starting to move through the 20 and 50 day, but if you look at the 50 and the 20, they are about to roll over down with the 200 day.
    link




    denninger blog talk radio - then dennis kneale called the bloggers idiots the next day referring to the golden cross. apparantly it was a bad(?) golden cross where the 50 goes under the 200. i dont get the whole thing anyway
     
    LeRinkRat
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    Posted: Jul. 7, 2009 - 12:10 PM ET #12

    got off a "dark side day trade" tuesday am in LVS. ss 3K @ 7.30 which was up agains last thursdays overhead. current 7.09. I think it could "snap roll" and end up down on the day. breaks this 6.75-7 area it could take a real "fast and nasty" to 6 or lower.
    Reply
    got off a "dark side day trade" tuesday am in LVS. ss 3K @ 7.30 which was up agains last thursdays overhead. current 7.09. I think it could "snap roll" and end up down on the day. breaks this 6.75-7 area it could take a real "fast and nasty" to 6 or lower.
     
    wallstreetcappers
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    Posted: Jul. 7, 2009 - 12:14 PM ET #13

    That is a good catch, you were right near the HOD.

    They saved the market yesterday late, I wonder if that happens again today.

    One other comment..check out the KBE, the banking sector ETF. It is UP on the day and held decent yesterday too. Relative strength with these banks has been pretty good..I am looking at an entry of a KBE long, sold at 20 and would like getting it at 16 or below.

    FRPT holding up, no follow through selling yet, also SQNM up 15% today.
    Reply
    That is a good catch, you were right near the HOD.

    They saved the market yesterday late, I wonder if that happens again today.

    One other comment..check out the KBE, the banking sector ETF. It is UP on the day and held decent yesterday too. Relative strength with these banks has been pretty good..I am looking at an entry of a KBE long, sold at 20 and would like getting it at 16 or below.

    FRPT holding up, no follow through selling yet, also SQNM up 15% today.
     
    LeRinkRat
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    Posted: Jul. 7, 2009 - 1:07 PM ET #14

    covered the LVS short @ 7. seems to be holding there right now and I would rather NOT get caught speeding IF it gets another bounce.
     
    interesting the MGM and BYD are holding up pretty well BUT WYNN is getting pounded.
     
    ETFC may be in "DCB" (dead cat bounce) range here @ 1.21. just watching for now.
    Reply
    covered the LVS short @ 7. seems to be holding there right now and I would rather NOT get caught speeding IF it gets another bounce.
     
    interesting the MGM and BYD are holding up pretty well BUT WYNN is getting pounded.
     
    ETFC may be in "DCB" (dead cat bounce) range here @ 1.21. just watching for now.
     
    LeRinkRat
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    Posted: Jul. 7, 2009 - 3:06 PM ET #15

    OOPS!!! guess I should have held some of that short. LVS back down to 6.87 with one hour to go.
     
    bot 10K ETFC @ 1.18 in my IRA. will to risk down to 1.00
     
    overall market coming unstuck.
    Reply
    OOPS!!! guess I should have held some of that short. LVS back down to 6.87 with one hour to go.
     
    bot 10K ETFC @ 1.18 in my IRA. will to risk down to 1.00
     
    overall market coming unstuck.
     
    KOAJ
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    Posted: Jul. 7, 2009 - 10:23 PM ET #16

    rink - talk of a second stimulus package b/c the first one was a failure is weighing on the markets. not sure why another 800b in pork would work better than the first. the only thing it will do is piss off the chinese
    Reply
    rink - talk of a second stimulus package b/c the first one was a failure is weighing on the markets. not sure why another 800b in pork would work better than the first. the only thing it will do is piss off the chinese
     
    LeRinkRat
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    Posted: Jul. 7, 2009 - 11:46 PM ET #17

    Ya, Ya, Ya. it's all Obama's fault
     
    Republican policies allowed the Wall Street Weasels to run wild with fraudulant "investment products" like credit default swaps and other unregulated crap while the Corporate Outsourcing Quislings de-industrialized America over the last two decades BUT it's all Obama's fault.
     
    and WHY would the ChiComs get pissed at America? we MADE their economy.
     
    as for BOTH the Bush and Obama "stimulus package", I will agree they BOTH have been badly executed so far. there are "shovel ready projects" being SHUT DOWN in various states like California because they are running out of state funds. the Feds would be better of just fronting them the money.
     
    btw, THIS might spook the market much like changing the rules on silver trading caused the "Hunt Silver Scare" in the spring of 1980 BUT I'm in favor of ANYTHING that derails the Hedge Hog's gravy train....
     
    https://www.marketwatch.com/story/cftc-mulls-more-limits-on-commodities-speculation
     
    WASHINGTON (MarketWatch) -- In their biggest move yet to respond to irregular swings in oil and other commodity prices the past few years, market regulators are considering imposing a range of controls including limits on investments by exchange-traded funds and index investors.
     
     
    Reply
    Ya, Ya, Ya. it's all Obama's fault
     
    Republican policies allowed the Wall Street Weasels to run wild with fraudulant "investment products" like credit default swaps and other unregulated crap while the Corporate Outsourcing Quislings de-industrialized America over the last two decades BUT it's all Obama's fault.
     
    and WHY would the ChiComs get pissed at America? we MADE their economy.
     
    as for BOTH the Bush and Obama "stimulus package", I will agree they BOTH have been badly executed so far. there are "shovel ready projects" being SHUT DOWN in various states like California because they are running out of state funds. the Feds would be better of just fronting them the money.
     
    btw, THIS might spook the market much like changing the rules on silver trading caused the "Hunt Silver Scare" in the spring of 1980 BUT I'm in favor of ANYTHING that derails the Hedge Hog's gravy train....
     
    https://www.marketwatch.com/story/cftc-mulls-more-limits-on-commodities-speculation
     
    WASHINGTON (MarketWatch) -- In their biggest move yet to respond to irregular swings in oil and other commodity prices the past few years, market regulators are considering imposing a range of controls including limits on investments by exchange-traded funds and index investors.
     
     
     
    Vermeer
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    Posted: Jul. 7, 2009 - 11:55 PM ET #18

    Rink, you always seem to omit the role that the esteemed Mr. Clinton played in the deregulation game...a role even that supreme egotist admits was "ill advised" which is putting it kindly...
    Reply
    Rink, you always seem to omit the role that the esteemed Mr. Clinton played in the deregulation game...a role even that supreme egotist admits was "ill advised" which is putting it kindly...
     
    KOAJ
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    Posted: Jul. 8, 2009 - 6:16 AM ET #19

    rink - i dont care who;s fault it is. government spending never ever ever gets us out of debt, only creates more which is a drag on future production.
    Reply
    rink - i dont care who;s fault it is. government spending never ever ever gets us out of debt, only creates more which is a drag on future production.
     
    LeRinkRat
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    Posted: Jul. 8, 2009 - 1:00 PM ET #20

    Rink, you always seem to omit the role that the esteemed Mr. Clinton played in the deregulation game...
     
    that's incorrect, Vermeer.
     
    in numerous threads I have thrown rocks at Clinton and his economic cohorts like Rubin and Summers as much as Republicans for buying into the Gramm-Leach-Bliley financial deregulation scam. he should have NEVER signed that piece of shit which allowed the Wall Street Weasels to then make companies "too big to fail".
     
    but enough of that, back to making money.
     
    the S&P broke that 877 "head and shoulders" and is getting a fast & nasty selloff esp in the financials wednesday. market looking a bit oversold after the last 5 days. question is what will lead IF there is a bounce? I'm sure there are still plenty shorts in the gamers esp LVS, MGM and WYNN. they have ALL been piss pounded the last week. worth watching IF the market snap rolls.
    Reply
    Rink, you always seem to omit the role that the esteemed Mr. Clinton played in the deregulation game...
     
    that's incorrect, Vermeer.
     
    in numerous threads I have thrown rocks at Clinton and his economic cohorts like Rubin and Summers as much as Republicans for buying into the Gramm-Leach-Bliley financial deregulation scam. he should have NEVER signed that piece of shit which allowed the Wall Street Weasels to then make companies "too big to fail".
     
    but enough of that, back to making money.
     
    the S&P broke that 877 "head and shoulders" and is getting a fast & nasty selloff esp in the financials wednesday. market looking a bit oversold after the last 5 days. question is what will lead IF there is a bounce? I'm sure there are still plenty shorts in the gamers esp LVS, MGM and WYNN. they have ALL been piss pounded the last week. worth watching IF the market snap rolls.
     
    wallstreetcappers
    wallstreetcappers
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    Posted: Jul. 8, 2009 - 1:21 PM ET #21

    rat,

    What matters is the closing number.

    They are trying to rally here but it is very early..not the best time to rally with 2 hrs to trade.
    Reply
    rat,

    What matters is the closing number.

    They are trying to rally here but it is very early..not the best time to rally with 2 hrs to trade.
     
    LeRinkRat
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    Posted: Jul. 8, 2009 - 3:24 PM ET #22

    half an hour to go and holding above the 875. looks like they might "snap roll" it like monday.
     
    running in some gamer shorts. still down on the day but off their lows.
    Reply
    half an hour to go and holding above the 875. looks like they might "snap roll" it like monday.
     
    running in some gamer shorts. still down on the day but off their lows.
     
    wallstreetcappers
    wallstreetcappers
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    Posted: Jul. 9, 2009 - 10:36 AM ET #23

    Anyone know why FAS and FAZ did reverse splits?

    Was it to try and keep the retail riff raff out?
    Reply
    Anyone know why FAS and FAZ did reverse splits?

    Was it to try and keep the retail riff raff out?
     
    LeRinkRat
    LeRinkRat
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    Posts: 85256
    Posted: Jul. 9, 2009 - 11:48 AM ET #24

    Anyone know why FAS and FAZ did reverse splits?
     
    beats the shit outta me. I know that reverse sure came up shit for AIG
     
    btw, I think it's time to hit LVS again. back to where it was on it's early high tuesday. ss 2k @ 7.33
    Reply
    Anyone know why FAS and FAZ did reverse splits?
     
    beats the shit outta me. I know that reverse sure came up shit for AIG
     
    btw, I think it's time to hit LVS again. back to where it was on it's early high tuesday. ss 2k @ 7.33
     
     
    wallstreetcappers
    wallstreetcappers
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    Posted: Jul. 9, 2009 - 12:28 PM ET #25

    rat,

    They held that 875 level, the liklihood is they try to rally it to some near term resistance and then try again.
    Reply
    rat,

    They held that 875 level, the liklihood is they try to rally it to some near term resistance and then try again.
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