quote:Originally posted by TraderJones: Kind of wondering about CIT. Is it going to keep going? I could almost see it going to maybe $1.25 in the next few days. Any comments would be appreciated.
I am not so sure about CIT. You just never know when P&D "news" will come out and send the stock in some weird direction. Too much risk for me.
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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Nice job on MT R1. I like your strategy on metals.
I remain long on SPF which I had taken a beating on last week. My patience seems to be paying off as I am now almost out of the red.
I also remain bullish on home builders, construction, building materials (including metals R1), and the like.
As I mentioned before, there will be correction along the way but play the long term trend and you will make money.
SPF looks really good over the next few weeks. Charts look good. Earnings are out at the end of this month. I believe they will meet or beat expectations and this one will move nicely. Nice play for all over the next 2 weeks.
In addition, if the $8000 1st time homebuyers tax credit get an extension, Look out! All homebuilder stocks will fly.
Again, all in my opinion. Good luck to all!
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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Your probably right on CIT Glenn, they sure seem to pump out the "news" at the right time don't they?
"Going to Australia to test some superbikes"??? Well, why don't you swing up to the Northwest and pick me up, I'll give you a hand!!!
Posts: 1503 | From: washington | Registered: Jun 2009
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quote:Originally posted by TraderJones: "Going to Australia to test some superbikes"???
They have to let the slow riders test them to make sure its safe for me to push their limits.
Anyways, MT....SOLD!!!! $40.30 out. Gonna dip back in again. My strategy is working pretty good. If the earnings on banks are positive Thursday, I bet it will jump another buck. AA will jump $0.60 or so. X will jump a buck. AKS will jump $0.75. NUE will jump $0.80. That is saying positive news Thursday.
CIT is a idiot stock. Its only worth 1,000 shares of holding that you can aford to lose.
FSII....happy you listened to me on that. $1.59. Not sure where I would of made more money....Shorting FSII yesterday at $1.90ish and covering now or riding MT up. Hmmmm....???
Still haven't made it back to bed. Gonna be a long night tonight.
MT...gonna place re-entry order at $40.
Posts: 2363 | From: Detroit | Registered: Mar 2005
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quote:Originally posted by TraderJones: "Going to Australia to test some superbikes"???
They have to let the slow riders test them to make sure its safe for me to push their limits.
Anyways, MT....SOLD!!!! $40.30 out. Gonna dip back in again. My strategy is working pretty good. If the earnings on banks are positive Thursday, I bet it will jump another buck. AA will jump $0.60 or so. X will jump a buck. AKS will jump $0.75. NUE will jump $0.80. That is saying positive news Thursday.
CIT is a idiot stock. Its only worth 1,000 shares of holding that you can aford to lose.
FSII....happy you listened to me on that. $1.59. Not sure where I would of made more money....Shorting FSII yesterday at $1.90ish and covering now or riding MT up. Hmmmm....???
Still haven't made it back to bed. Gonna be a long night tonight.
MT...gonna place re-entry order at $40.
I love it! He is right, I gotta go make sure the bike will work well enough for R1Man. Actually, we are thinking about getting on the 2010 Suzuki GSXR 1000 next year so I need to go validate them ahead of time.
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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Back...bought 2,000 AA at $14.33. Gonna sell Thursday at $14.55 or higher. Ok...off to work on about 3 hours sleep for the day.
Posts: 2363 | From: Detroit | Registered: Mar 2005
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I listen to Bloomberg all day and a lot of people are coming on now saying equities are way overpriced. Most are saying they are gonna keep gaining for at least a couple weeks, then the bottom will fall out.
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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I will call today. DOW gains 75-80 points to around 10,100. Friday, sell off, next week...big drops.
I haven't paid much attention to current events or who's earnings are good or bad...blah blah blah. But just using my sleepy predictions. LOL. Whose your daddy???
Morpheus....sometimes the sleepy see clearly. Hold your shorts now....you might break even next week....maybe. But think DUG.
Anyways....AA is gonna flatline....???? Was thinking a easy $0.20 gain to $0.50 gain. We will see. X and AKS are showing higher bid over close. Have to see how things pan out. Ok...4:11am...see you all in 5 hours or so. LOL...hey, I have 2 weeks off coming...I'll sleep some then.
One last thing: Sweetest day is Saturday. I was told at work that Sweetest day is for us men. Valentines day is for the women. So lets all kick back while women care for us for once. Yeah right....I always got in trouble if I missed either holiday. Ok...bed time.
Posts: 2363 | From: Detroit | Registered: Mar 2005
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quote:Originally posted by R1 Man: [QUOTE]Originally posted by jgrecoconstr: [qb] Just some info on SIRI, I own quite a bit so this isn't bashing. Be careful when you pay for the one time fee, it's only for the life of the receiver you own unless they changed their rules. I checked it out a year or so ago figuring I could save quite and get rid of the montly fees. Both the wife and I have had a reciever go bad, plus if you buy a new car and don't keep that reciever your out that lifetime fee. I could be wrong but ask before you sign up.
I believe your wrong. We talked about it last night at work. They said you keep it and the service gets transfered. Simple answer...call any dealership and ask.
No, It's not for your life only the receiver. This is right off their terms and conditions.
9. Lifetime Subscription Plan: A "Lifetime Subscription" is one that continues for the life of the Receiver equipment. A Lifetime Subscription is not transferable if it is associated with a Receiver installed by an automaker or an automotive dealer in a vehicle, except in the event the original Receiver associated with that Lifetime Subscription is stolen, accidentally damaged or if, in the sole discretion of SIRIUS XM Radio Inc., it is defective. A Lifetime Subscription associated with a home, portable, or dock & play Receiver is transferable from one Receiver to another Receiver, up to a maximum of three (3) times. Each permitted transfer of a Subscription is subject to a transfer fee. If you transfer a Lifetime Subscription from one Receiver to another or from one person to another, you will be charged a transfer fee. The current transfer fee is set forth in these Terms. No transfer fee will be charged for the transfer of a Lifetime Subscription associated with a Receiver installed by an automaker or an automotive dealer if, in the sole discretion of SIRIUS XM Radio Inc., the Receiver is defective. Lifetime Subscriptions are nonrefundable. You may cancel a Lifetime Subscription but if you cancel during the first year of service you will be charged a cancellation fee set forth in these Terms.
Posts: 492 | From: new york | Registered: Jul 2005
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I'm watching FNM today, might be something there. If it goes past $1.56 there's more potential for it to keep going for a while.
Posts: 1503 | From: washington | Registered: Jun 2009
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J, that sounds like a load of crap. I asked that guy at work last night again and he said his can be transfered. That is why he bought it. So after reading this, maybe someone lied to him. He said he payed $550 for the lifetime. Maybe they have a different version of lifetime. Who knows...but that is sneaky.
CIT....WTF!!! More P+D crap. $1.19
Market is doing the opposit so far of what I expected. Still think it will close up but not as high as I thought. LVS...there you go Morpheus...now your up 2 bucks.
AA....down $379 at $14.15. Guess I'm on the wrong side of the fence. The other steel companies are all down except AKS. So, AKS=Short Opportunity???
Posts: 2363 | From: Detroit | Registered: Mar 2005
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I knew CIT would go up, they hit $1.25 in pre-market. Although like you (R1) and Glenn said: too risky. Still could go to $1.50, but then fall like a rock, risky risky.
Posts: 1503 | From: washington | Registered: Jun 2009
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FNM was on my watch list and I almost bought it the other day at $1.43. $1.52 now.
Posts: 2363 | From: Detroit | Registered: Mar 2005
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I could make a fortune on CIT if I knew all the crap they were going to pull.
Posts: 1503 | From: washington | Registered: Jun 2009
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FNM-About a week ago they hit $1.55, that's where they want to top out. I'm hoping for a good low today so I can flip it. Low maybe $1.47, although the don't want to budge much. What do you think R1?? and anyone else for that matter.
Posts: 1503 | From: washington | Registered: Jun 2009
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quote:Originally posted by glenngsxr: My EMC is chugging along nicely.
Well gents, the market made a comeback today. Anybody thinking kerplunk tomorrow? Any plays in mind? FAZ? DUG?
I don't have much time to sell AA and buy DUG. AA is basically even from where I bought it. I think it will hit $14.40 today. But not while I'm here. It just hit $14.36 and came down slightly. DUG will drop to $12 or maybe even $11.90. I think its time to buy it. Just can't do it.
Posts: 2363 | From: Detroit | Registered: Mar 2005
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i still remain short overall..I traded out of LVS earlier at 16.60 make some coin..I do hold SRS TZA FAZ and DRV..the DOW is up slightly now and even though these are inverse , they are up too...(for now anyhow) go figure..30 minutes left today..I just added 200 shares to my DRV.. also DNDN looks to be a great short here at 30
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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In 775 shares of DUG at $12.16. Got out of my EMC. Made a quick little 3.5%. Get back in tomorrow at some point probably, unless the market shows further signs of weakening.
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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glenn...im just watching the chart and after that huge spike up..I was looking for a scalp pullback..about FLEX ..cramer was all hot and bothered on flex about 2 weeks ago..I is a great Co. with some great future from what I gathered..I had been In at 7.50ish and got out break even ..cause I feeling a big drop in the market is emminent soon..so no longs for me now except SIRI which is long term hold come hell or high water..or if I get auto-sold due to my big margin on this one
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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The other steel companies are all down except AKS. So, AKS=Short Opportunity???
