I bought 5,000 OPEN in the low $77’s.
Disclaimer: If you buy OPEN because of this post, you will find a roach in your Chinese food. And, you may lose money.
If you enjoy the content at iBankCoin, please follow us on TwitterI bought 5,000 OPEN in the low $77’s.
Disclaimer: If you buy OPEN because of this post, you will find a roach in your Chinese food. And, you may lose money.
If you enjoy the content at iBankCoin, please follow us on Twitter
You have my highest admiration my friend.
Seriously.
Aye… This appears to be the first step off a large cliff
thanks for buying my short sale of OPEN… I sold short 10000 OPEN in the low-mid 77’s.
This shit is going to tank faster than a rabbit gets fucked.
Welcome to the future. You’re busted.
Check the chart out Crapule
All else equal, the chart is a screaming buy (at least on a daily chart).
I just went short as well. This is a horrible stock methinks
what about motricity?
Long OPEN…
how do you watch the market while teaching?
Teach technology..
lol.thats great.an kinda cool
Thanks to the miracle of standardized testing and to eliminate inequality of teacher performance teaching is now a “direct-to-video” experience and then off to the scantron machine. The teacher is just there in case the DVD skips, someone breaks a #2 pencil or the scantron jams. It’s more janitorial these days, so don’t sweat it.
sort of babysitting..
OPEN undergoing a supreme shakeout of weak hands.
Time to sell more of the weaker performers and buy more of the strong leaders. I still like names in the Ag, Industrials, Tech and Energy sectors.
This is not a market that any sane person should be shorting, That said, if this market does an about face this afternoon, I may start to nibble on a major market hedge like SH—whatever might suit my fancy at the time.
Nibble, mind you, not gorge.
This is not rocket science, it is art.
————————————————————————————
” I prefer the silence of the lambs to the bleating of the sheep.”
I have nibbled on SH today. And plan to add to it as the melt up continues on Monday. I’d like to be 100% short by Wednesday of next week or so. All depends on what the market does between then and now.
Why Wed of next week?
About that homeless man post a couple of posts agao – I would never be caught on the street using a blackberry. Droid rulez.
Nom Chompsky approves of any food-related purchases.
Get those brokers back in here immediately!
Yeah right.
Open was a Power Dip pick for today. See here: http://ibankcoin.com/woodshedderblog/2011/01/21/so-you-want-to-buy-the-dip/
You always find vermin in Chinese kitchens
JamesTurk on King World News;
“Silver is in backwardation now just in the short-term, this time it is extending twelve months forward!
The last time this happened Eric was in January of 2009. Over the next few weeks silver rose from about $10.50 to $14.50, a roughly a 40% move higher. The key to understanding backwardation is that the price might rise to entice holders of physical metal to sell and accept a national currency in return. I think we can expect a similar event to repeat over the next few weeks.
A similar type of move would clearly put silver well above its previous high. What this backwardation shows is that there is a disconnect between the physical and the paper markets in silver. As I said previously, the silver shorts simply cannot hold the paper price down here any longer without seriously discrediting the paper silver market as a price discovery mechanism.
Gold is not in backwardation, nevertheless the demand for physical demand is extremely intense. With the sentiment indicators at very low levels, it suggests we are about to see a stunning short covering rally in gold.”
Weakness in the metals can end as quickly as it began. When the metals turn, this next move should be breathtaking.
Eric King
KingWorldNews.com
James Turk – Silver in Backwardation, Set to Explode
With Immelt now on Obama’s Board for Jobs, I think we could see some of that government money get funneled into more clean energy crap like the stuff they’re already peddling to India. I think business ties with India could grow stronger going forward (US exporting there). They also mention interest in developing rail/transportation systems in foreign countries like China and India.
An idea I had was GSH, a Chinese railway company that transports thousands of useless consumer products as well as people. They are growing earnings at 32% yoy and trade at a 12 multiple with a price to book at 0.80. At their average 20x multiple and earnings of $10CNY, this company is worth $30USD. At their 5yr average P/B around 1.1-1.2, that would also value it at $30USD. If the rail industry moves to the forefront in China, they will no doubt benefit.
Haven’t you heard, the Chinese are competing (successfully) with cheaper trains than any other western manufacturer? They stole/borrowed/copied technology from Siemens/Alstom/Bombardier, optimized it, and now sell essentially the same, only cheaper. GE can suck Chinese cock with their transportation systems.
Ah, good info. My GE info was anecdotal to the GSH trade and valuation. Just an observation on international trading activity. I was looking more at valuation and the fact that the stock is trading at a discount, despite the fact that it is growing. In their “report” it lists Guangzhou-Shenzhen intercity passenger volume as increasing 12% and revenue increasing 13% for Jan-June 2010 over 2009. They cite the macro-economical recovery especially the Guangdong, Hong Kong, and Macau business and travel activity. If you recall, casino revenues in Macau are up 62% on the fucking month (Nov-Dec) which is one indicator of activity.
Hmmm, I’ve always admired your analyses. Cannot really add anything here. Only that this particular intercity line is exactly where they used Western technology, and then “modified” it. It is probably after this successful “improvement” that they started to outbid the original manufacturers in export bids. As for the rest of “the China story”, Nymph can contribute a lot, I believe 🙂
Thanks. I’m pretty clueless on China stuff because most of it is seen through the eyes of stubborn money managers (see Hugh Hendry on youtube) or negative trade views from America. It’s hard to get a sense of their domestic attitudes and activity without seeing it firsthand, which doesn’t interest me at this time. You can only surmise so much from past traits like tendencies to save and remain conservative alongside a voracious appetite for technology and advancement/urbanization.
For me, I read their newspapers and blogs…I love google translator feature. Funny, I have even exchanged email with some writers there, but they stop emailing me once they find out that I am not a ex pat living in China.
ouch
I told you the Qs would have a tough time holding $57 this week….now if we rollover into a Friday afternoon the pattern has clearly changed.
Looks like the Fly’s Party of One got turned away at 78.
OPEN is a dumb idea and a dumb stock.
And what is a smart idea and a smart stock?
Careful. You might have to eat those words with crow shit on them.
It’s OE Friday and it looks like the market has lost some steam this week, but not so much to make the indices melt down. A lot of the leading stocks are already in corrections, but the indices have not lost much ground. The strength of this market continues to surprise me.
Staying with it—long, until it shows me otherwise.
You might find this story hard to swallow, but here it is:
When I was about 13, I was in the mall at a foodcourt eating ‘asian’ food. I bit half a chicken-ball off, and there was clearly a deep-fried grass-hopper looking think in there. Disgusted, I went back to complain, and the guy actually offerred me a free replacement chicken ball. No refund. Seriously. I was annoyed that day. But 13 year olds are easier to do that to I suppose.