Comments (17)

Dec 13, 2010

Yes, buying at 2yr highs makes a lot of sense..

Dec 13, 2010
zeropower:

Yes, buying at 2yr highs makes a lot of sense..

Depends if you think there's going to be a recovery or not.

Dec 13, 2010
zeropower:

Yes, buying at 2yr highs makes a lot of sense..

I dunno. Congress is obviously signalling that it doesn't give a d*** about the debt or the dollar. I say it's probably a good idea to buy stuff while a loaf of bread costs less than $100.

This deficit extension bill- err, tax cut/unemployment extension bill is a dumb move, but it's good for the markets.

Dec 13, 2010

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Dec 13, 2010

Also, I'm selling out of a lot of my positions this week. TMO is getting sold for example.

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Dec 13, 2010

So you're selling, yet you want people to jump, based on the fact that the recovery is in full swing?

I don't understand your POV but good for you if it pays the bills.

Dec 13, 2010
zeropower:

So you're selling, yet you want people to jump, based on the fact that the recovery is in full swing?

I don't understand your POV but good for you if it pays the bills.

Well I had way to much TMO so I put a staggered sell order on it and I'm diversifying my portfolio. Went silver, copper ETFs last week along with railroads, semiconductors, Citigroup, Family Dollar, and a few Asian country indices. As of right now I'm also in Verizon and Intel. But one of my staggered sell orders on Citigroup already sold.
So it's not a buy or sell "it's crazy" but more of a general "it's crazy" if you know what I mean.

Dec 13, 2010

Monkeysama is probably using the proceeds to load up on pasta, canned goods, and farmland. Smart move.

Dec 13, 2010
IlliniProgrammer:

Monkeysama is probably using the proceeds to load up on pasta, canned goods, and farmland. Smart move.

If canned goods is Cu, farmland is an Ag ETF, and pasta is Family Dollar then yes. Huzzah! :D

Dec 13, 2010

I figure there's a 50-50 chance oil hits new highs within two years if the deficit extension bill passes. I am going long oil, timber, and BRICs if this sails through the Senate.

In ten years, I will not be incredibly surprised if we are burning $100 million bills with Boehner's and Obama's face on them for heat. We're all gonna be billionaires!!! So ah, who's excited about that?

Dec 13, 2010

Thermo Fisher (TMO) to acquire Dionex (DNEX) for $118.50 per share. TMO trading up 4% today on an acquisition so market seems to like the synergies in the deal. Should do your homework on that deal before you sell obviously its a driving force in the stock right now.

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.

Dec 13, 2010

Your argument makes more sense now monkeysama. Good luck with the ETFs. (WTF were you doing holding C in the first place??)

I also agree with you IP that oil will got through this roof this decade (only a fool could attach a price target but suffice to say 'as high as is speculated' is probably destination) as it simply has to based on diminishing supply and EROI.

Dec 13, 2010

zeropower - Maybe you misunderstand - I bought C last week and I have a staggered sell until I'm out at 5. They're probably the lowest rated stock in the banking sector right now IMO. They have about 55 percent of their assets in Asia, more than any other bank, and I think their CEO isn't a moron. Plus, they just got out of government hock.

trade4size - I have a staggered sell on TMO until 60 - I really like them as a stock, but I have way to much of my portfolio stuck in it.

Dec 13, 2010
monkeysama:

zeropower - Maybe you misunderstand - I bought C last week and I have a staggered sell until I'm out at 5.

Oh indeed i have then, appreciate the clarification. I know it had a nice boost after that float increase last monday but id be wary of such a nice target px ($5) without some possible bumps and bruises along the way there...

@IP: Im fairly keen on the U's as well - but why -235, because of its rarity? And how does one exactly invest in these, through companies that work in the field or what?

Dec 13, 2010

Hmmm, I see someone using some peak oil terminology.

For the long term, I'm bullish on U-235. However, it's difficult to get exposure to that without exposure to gold- something I'm less keen on.

Dec 13, 2010

I said U-235 to avoid making it look like I was typing in text message from 13-year-old kid language. U-238 would be great if we ever got reprocessing and breeder reactors to work, but as U-235 is the main natural fissile isotope, it's the one that gets burnt in reactors right now.

Dec 13, 2010
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