sell! sell! sell!

[tiznow]

y usd was overdue for a pullback after the huge ramp

its starting to fall now

i expected commodities to bounce as markets rolled over....

and i think a bounce is a good selling opportunity in all non gold/silver commodity investments

longer term trend is down IMO due to global consumption gloom

saw some nickel producer already shutting down some mines....nickel has fallen big time already started to tank well before the other commodities

 

[tiznow]

on gold my stance is still in consolidation mode and won't make next bull leg move up till 2009 sometime....that's my best guess

i don't think pullback to low 600s in the cards just too much gloom around for that

last time gold pulled back in 2006 it was a ~25% drop from the peak price

here on this 2nd move down it took gold to ~25% from the peak price....we'll see if it can now hold 800 going forward after dipping its nose below

miners that are producing could be in for a huge ramp if gold goes up or holds up during a deflationary type situation....as their costs of production will go back down

big problem with miners last few years has been cost of production going ape shit

 

[tiznow]

also looks like naz starting to keep pace or outpace the declines the last few days

think tech's in for an ass kicking on this leg down.....held up much better than the rest since march

the gloom gonna spread to everybody with time

 

[tiznow]

maybe leh going up is the next "event" in the unfolding bear saga

july low was 12.5 already to 13.33 now

getting pounded today

continue to think its time is numbered just a matter of when

maybe it goes belly up at the next near term bottom usually the events happen right around the time fear peaking and stocks ready to bottom

after which we have a bear shake and wait for the next round

markets coming back a bit but gonna be a bear grind most likely should be at new lows at dow/SPX in next month or so

 

[HuskerFan1]

i ended up actually buying AUY yesterday at 10.15 and i just bought some of that HQS you guys have been talking about at 6.75 i think i got both at good prices relative to their 52 week highs...i still have some money left to buy but im gonna sit tight for now

 

[tiznow]

hpq beat and guides up a bit but as you can see once again its all about international growth and dollar weakness for most part.....68% of revenue outside US.....and 24% growth in brazil, russia, india, china.....

2009 when these multinationals really gonna start feeling the crunch due to dollar holding up vs. rest of the world's currency while their growth rates slow as many in europe etc fall into recession

Revenue in the Americas grew 4% on a year-over-year basis to $11.6 billion. Revenue grew 16% in Europe, the Middle East and Africa to $11.2 billion. Revenue grew 14% in Asia Pacific to $5.2 billion. When adjusted for the effects of currency, revenue in the Americas grew 3%, revenue in Europe, the Middle East and Africa grew 5%, and revenue in Asia Pacific grew 8%. Revenue from outside of the United States in the third quarter was 68% of the total, with revenue in the BRIC countries (Brazil, Russia, India and China) growing 24% over the prior-year period and accounting for 10% of total revenue.

 

[Dawoofdaddy]

Would someone post a brief summary why cheapseats former posts are showing another handle?

Has he been banned?

 

[joelatti]

Wow a WOOF sighting in this thread!

Woof would love if you posted regularly here, but if you have nothing to say......It is understood.....We all know where you stand on the PM and commodities.......GL with the upcoming CFB season......I will only be playing the NFL this year

 

[joelatti]

JDOG

Do you know when MFN first POUR will be??

 

[Brooklynbomber]

JDOG

Do you know when MFN first POUR will be??

If I had to make an educated guess I would say Mid-Sept.........I noticed the CEO is to appear on my MM's radio show Sep 23, so I'm sure it would be before then

I would not get too hung up on that though, as far as a huge bounce, but a step in the right direction and a revaluation will be in order, but with current sentiment in the sector, who knows when that will be.

I'm just guessing but I think perhaps a reason DAW does not post here is there is always a reply from tiznow telling us what he thinks, regurgitating the same old shit deflation:missingte blah blah blah

Run as fast and as far away from anybody who gets caught up in the day to day market movements to try and make their point

 

[joelatti]

Understood Jdog...I try to glean and give information on this site...and I Know that both Woof and yourself have a few years on me so I try and listen when you guys type......I looked at this drop in PM as a good thing to buy some more....we shall see?




I always see that you post ownings of JR mining stocks....Do you NOT hold ANY other holdings such as Bonds, energy holdings, tech etc......

I for one think Tech is due for a sell off and have made a play to that effect

 

[Brooklynbomber]

I'm short the long bond and ultra-short consumer services fund SCC - I'll keep both for awhile

I'm long energy with about 25% of my portfolio....it was 40% but I started taking profits before the correction.....have been doing some buying in that sector the last 10 days as some real bargains

got maybe one strong infratructure, a couple health related longs and that is it, mostly metals

I'm going to be doing ALOT more hedging, like ultrashort oil, gold - because of volatility going forward, but at these low levels doesn;t make since. The time to hedge on the shortside is when all your buddies and peeps on the forum are excited and buying when gold at $1034 and oil $147. I did make about 5 dimes on a GLD short last week though

 

[Brooklynbomber]

I just noticed about cheapseats WTF?

sounds like dude got a bug and told them to erase all his shit

I think he's been on here since 99 - helluva way to treat a poster like that

 

[tiznow]

well keep laughing at deflation jdog its coming over the next few years as the credit crunch rages on

and keep making your wild claims you've made in recent past of 200 oil by 2009 or whatever

longer term (10+ year outlook too many people and too few resources) i like commodities

lehman almost found a lemming got too greedy wanting too much

--------------------------------------------------

Lehman couldn't secure Korean Funds: report
Wednesday August 20, 5:54 am ET

(Reuters) - Lehman Brothers (NYSE:LEH - News) Chief Executive Dick Fuld nearly struck a deal to raise almost $5 billion from South Korean wealth funds and institutions but the pact disintegrated, the New York Post said citing sources familiar with the matter.

One source told the paper that Lehman was aiming to raise more capital than the Korean investor was willing to invest at the time.

The precise terms of the deal could not be learned, the paper said.

 

[tiznow]

y CS was under post review for something.....he said he might be gone.....reason not really sure why he said it was some comment he made about the bash but i don't really remember the details

 

[joelatti]

I'm short the long bond and ultra-short consumer services fund SCC - I'll keep both for awhile

I'm long energy with about 25% of my portfolio....it was 40% but I started taking profits before the correction.....have been doing some buying in that sector the last 10 days as some real bargains

got maybe one strong infratructure, a couple health related longs and that is it, mostly metals

I'm going to be doing ALOT more hedging, like ultrashort oil, gold - because of volatility going forward, but at these low levels doesn;t make since. The time to hedge on the shortside is when all your buddies and peeps on the forum are excited and buying when gold at $1034 and oil $147. I did make about 5 dimes on a GLD short last week though

JDOG do you utilize TBT to be Ultra short the Long Bond??

 

[joelatti]

Tiz what is the link you use to track the VIX

 

[tiznow]

free charts at www.stockcharts.com

type in $VIX for vix chart

 

[tiznow]

FNM and FRE toast taxpayer bailout coming....

FNM now 5 fre now 3.30

bad sign for a WM type

looks like we may have a green day on our hands will be a grind down

 

[Brooklynbomber]

well keep laughing at deflation jdog its coming over the next few years as the credit crunch rages on

and keep making your wild claims you've made in recent past of 200 oil by 2009 or whatever

yeah you said the same thing last year when I made the 'wild 'claim oil was going to $125:missingte

nearly all commodities are correcting off of all time highs this year and you are again parroting deflation in nearly every post. Another rookie that thinks things move straight up or down

you are a clown, with zero credibility%^_