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June Stock Market Discussion

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Posted: #1

 No more trading days in May left...what the heck...

S&P       919
Dow       8500
Russell  534
Gold       979
Silver    15.75
Oil         66.31 (nymex)

 
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Posted: #2
It is almost like the market is baiting people . . . keep sucking more shorts in who are thinking "this can't go any higher" and the market continues to crush them.

That is what Thursday and Friday felt like.  Surging at the end of the day both times. 

Not sure what to really expect.  I wouldn't be short though.  Not sure I want to be long either. 
 
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Posted: #3
Real simple here.....
 
long term, we are screwed beyond any sense of imagination---no way out, no light at the end of the tunnel whatsoever unless there is a massive population purge, courtesy of Mother Nature, cause man is too stupid to do it himself.
 
but let's stick to June 2009....what's going to happen?  Again, simple-----whatever "the market" can do to fkcu over and confuse the most people, it will do that precisely.  In other words, expect the unexpected.
 
My advice is to forget about "investing for the long haul" in US stock market.  Anyone doing so is crazy, naive, has no use for money, or all 3.  Physical gold bullion is the only long haul security that makes any sense, given the fact that hideous hyperinflation cannot be avoided dude to too many people chasing too few reseources, too many bailout packages for cronies, and Bernanke not knowing anything else to do except print money willy nilly and lower rates-----a recipe for total financial collapse in about 5-6 years.
 
Since we're all gamblers here, my suggestion is to trade only, keep one eye on the door at all times, and be humble about any success you might have----and then put that money to use by stockpiling land, guns, and ammo-----if you want to stay alive during the pending doom just around the corner.
 
Yeah----I know a lot of people will be upset reading this post, but don't kill the messenger----be glad you're getting this info now, and if you don't believe me, so be it------good luck, cause you're going to need it if you think this world "just keeps on ticking" and is just fine.
 
 
 
Covers Linesmen
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Posted: #4
ccl - you ever read any Martin Armstrong?

google him...right up your alley and a big subscriber to the K Waves theory
 
Covers Linesmen
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Posted: #5
DRYS CC is a non-event.

I reviewed the slides, nothing important, no answers or spin info.
 
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Posted: #6

 Why did he have it? What was the rationale???

 
Covers Linesmen
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Posted: #7
I think he wanted to comment on the shipping industry, the state of rates, the financial picture of the company..update the status of the spin and lay the ground for asset purchases.

The slides for the presentation showed an example of purchasing some PANA vessels and what the result would be for EPS and valuation.
 
Captain
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Joined: Mar, 2006
Posts: 8001
Posted: #8
Quote Originally Posted by claycourtlesson:

Real simple here.....
 
long term, we are screwed beyond any sense of imagination---no way out, no light at the end of the tunnel whatsoever unless there is a massive population purge, courtesy of Mother Nature, cause man is too stupid to do it himself.
 
but let's stick to June 2009....what's going to happen?  Again, simple-----whatever "the market" can do to fkcu over and confuse the most people, it will do that precisely.  In other words, expect the unexpected.
 
My advice is to forget about "investing for the long haul" in US stock market.  Anyone doing so is crazy, naive, has no use for money, or all 3.  Physical gold bullion is the only long haul security that makes any sense, given the fact that hideous hyperinflation cannot be avoided dude to too many people chasing too few reseources, too many bailout packages for cronies, and Bernanke not knowing anything else to do except print money willy nilly and lower rates-----a recipe for total financial collapse in about 5-6 years.
 
Since we're all gamblers here, my suggestion is to trade only, keep one eye on the door at all times, and be humble about any success you might have----and then put that money to use by stockpiling land, guns, and ammo-----if you want to stay alive during the pending doom just around the corner.
 
Yeah----I know a lot of people will be upset reading this post, but don't kill the messenger----be glad you're getting this info now, and if you don't believe me, so be it------good luck, cause you're going to need it if you think this world "just keeps on ticking" and is just fine.
 
 

Agree with you 100%. There is no way the market continues this rebound long term.

BOT NR on Friday for a quick trade. BOT at 2.80, looking for a .20-.25 pop when it hopefully catches up to the move in OIL.

 

 
Captain
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Posted: #9
Rat: What are your thoughts on getting into MGM around 8 right now? Not sure if it would be a short-term or long-term trade but I'm usually pretty quick to take a decent gain if it's available. Seems like a move back above 10 is quite likely in the near future.
 
Legend
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Posted: #10
Rat: What are your thoughts on getting into MGM around 8 right now?
 
I'm cautious on the gamers at these levels. they could move tow or three points EITHER way from here BUT there there is still "trouble in sin city" and MGM would be the last of the group I would go long.
 
I'm actually looking for a short on MGM IF it crawls back to around $9
 
Captain
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Posted: #11
Rat: After reading this article I tend to agree on MGM. I'll admit that I'm a little biased about MGM. They've hosted me and my buddies last 3 Super Bowl excursions.
 
 
Legend
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Posted: #12
I'll admit that I'm a little biased about MGM. They've hosted me and my buddies last 3 Super Bowl excursions.
 
all I can say for THAT statement is   
 
 
 
Legend
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Posted: #13
ran in some MGM shorts the last half hour monday (from $8.06 to $8.41) so it COULD get some carryover after bouncing off the $7 area four times last week BUT I just don't see much of a run unless some really good news comes out. STILL a lot of overhead from the move last month.
 
Covers Linesmen
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Posted: #14
 Bot some CRDC again today at 1.35

Its either sink or swim, this buy is either a full loss or a 3-5 bagger.

Oh and I havent mentioned this but last year I mentioned a stock, UVE that I bot a year ago or more..that sucker has paid me almost a buck a share in dividends since owning it, yields 12% at current prices and my cost average is around 3.75 or so.

I should have reinvested dividends though as she went..then my cost basis would be lower.
 
Legend
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Posted: #15
Bot some CRDC again today at 1.35
 
that's a thin wooly booger with just under 16 million shares out. definate "shithouse or castle" stock BUT one good news item and you make a load.
 
like an option that doesn't expire.
 
Captain
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Posted: #16
Even trading at its 52 wk high, UVE still looks cheap.
 
Covers Linesmen
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Posted: #17
GVK,

They are in a TOUGH market, Florida..a bad hurricane season can smash an insurance company, add that the Fla Insurance Board put in some price rollbacks and freezes which makes it tough to make a profit in that market..and is why many insurers refuse to do business there.

Ive been sitting on this stock knowing my 16% divi or whatever cushions me just fine..I should have bot more at lower prices but thats fine..I hope it stays under the radar and keeps paying me 60-80 cents a year in dividends.
 
Legend
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Posted: #18
good interday comeback in BYD and LVS off their early lows today. MGM came back some too but is still the laggard. will see if we get another "Scare Da Bear" last hour like yesterday OR a Day Trader Dump"
 
gaming stock charts still look toppy to me
 
Captain
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Posted: #19
Wallstreet: I'm a sucker for a fat dividend. I bought UVE at 5.45 a couple of hrs ago.
 
Covers Linesmen
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Posted: #20
Quote Originally Posted by grapevinekid:

Wallstreet: I'm a sucker for a fat dividend. I bought UVE at 5.45 a couple of hrs ago.



GVK, Ive owned it for I guess 18 months and they have paid it consistently.

I wish I had purchased more, and in fact I sometimes forget about it, then look at my account and see not only is the stock doing well but that dividend is awesome.
 
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Posted: #21
 Whats with the high beta on that issue (UVE)...

 
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Posted: #22
Quote Originally Posted by Vermeer:

 Whats with the high beta on that issue (UVE)...



Well since their business rests on the hurricane season and the whims of the Fla Insurance Board, the sucker is all over the place.

It is amazing how that regulatory board caps rates and forces rate cuts and then is surprised when insurers wont do business there.

UVE is also expanding outside of Fla to diversify and lower the beta of their business and profits.
 
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Posted: #23
Gotcha..what I figured...still a sweet dividend...
 
Legend
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Posted: #24
gamers look like they want to roll over and die friday. everything but IGT down on the day after opening up. think we will see $7 MGM again.
 
 
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Posted: #25
                                      Friday 6/5/2009 Close

S&P             940
DOW         8763
NASDAQ   1849


"It will fluctuate." J.P. Morgan, (supposedly)  on the market's direction...in 1934.

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