Many ah-paulgies, but when I’m undah stress, my Lawn Guyland ax-sent stahts comin’ out. Fugheddaboudit, right? Anyways, youse can awl see dat we’re still pullin’ back ovah heah, in an egregious mannah if I may say it is so. Sweah ta Gawd, I dint think it was gonna happen this fast and furious, like a pissed off gindaloon lookin foah his “oily developed” little sistah, but hey — dat’s dah bawl game, no?
Anyways, I trew dat same $HUI weekly chart from last night togeddah and whaddaya’s know? We went and hit dat top of the consolidatin’ box dere just like I said. Here’s dah trouble. I ain’t so shooah we’s done heah. In fac’ — as a mattah uh fack — I tink dere’s a damn good chance we’s go to dat second line (#2) right dere at aboud $347-48 -ish.
So tink of it as a vacation for a day or two heah, and maybe add some names you still don’t have. But I wouldn’t sell any cawls at dis point. Just hang on. Weah still 21.5% up since May dah foist, so whattaya want ovah heah? A fuggin’ Yankee Miracle, or somethin’? Have some damn patience.
Onna mattah of [[TSO]], that motherless whooah: She is on my last noive, ovah heah. I don’t feel good tellin’ youse ta accumulate her, heah, and so’s I tink maybe dat means “she’s out.” But she’s only down 5.25% since May 1st, and I figgah we oughtta give her til 8%. If she can’t pull outta dat tailspin, den we send her packin’. Agreed? Let me know what youse tink aboud mebbe replacin’ her with [[PTM]]. [[GG]] and [[AUY]] ah also on dat ray-dah screen, but NOT CRAAPL, ya heah, wiseasses?
Note dah notes, and have yahself a nice beeah and a good night.
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| 3-Jun | % Change | Comments | |||
| ANDE | $ 26.51 | -1.23% | Lightest pullback in the portfolio | ||
| EGO | 9.54 | -5.82% | Got some more today @ $9.35 | ||
| GDX | 42.16 | -5.36% | $HUI retreated to $370 today, target #1 | ||
| GLD | 94.41 | -2.02% | Gold now $35 away from $1k | ||
| IAG | 10.39 | -7.23% | Watch for Friday’s gap ($10.04) tomorrow! | ||
| MON | 81.50 | -1.45% | Not killed today, still lagging. | ||
| NRP | 23.34 | -3.95% | $22 very possible (38.2% fib line) | ||
| PAAS | 22.33 | -6.41% | Filled Friday’s gap, I bot more @$22.05 | ||
| RGLD | 45.58 | -4.56% | Known for volatility, trend line @$44.90 | ||
| SLV | 15.14 | -3.87% | POS dropped 60 cents today | ||
| SLW | 10.56 | -2.85% | Impressive rebound today. Has not filled gap yet | ||
| SSRI | 23.04 | -6.61% | Pulled back to top of cup, TL@ $22.10 | ||
| TBT | 53.99 | -1.84% | Continuing struggle with the 10-year | ||
| TC | 9.34 | -10.11% | Should’ve sold the calls, dammit! Support @ $9- | ||
| TSO | 15.17 | -13.31% | Down 5.25% since 5/1 – close to tossed | ||
| AVG | AVG | -5.11% |
lol…good stuff Jakey.
I’ve got a model I’m working on that was calling an 80% chance of GLD retracing at least 5%, over the next five days.
Alas, that study was for my commodities iBC Wealth Report, and as you know, I couldn’t pull it all together in time for publication.
Bada bing, bada boom! Mawket’s takin’ a shit and der’s nuttin’ you can do about it.
But in all seriousness, the $DVOL for today was astronomical. It’s a shame I packed my bags in my SMN position @ 16.68… I’ve had a bad relationship with the iETFs in the past, so I don’t like to hang on too long 😉
Start looking @ the steel industry. SLX took a hammer to the face today, with STLD and ZEUS both off about 10% (craziness). I would love to see SLX settle at that old resistance level of 42.05, so if we get a hold there I would be reluctant to begin my dip buying process throughout the steel industry.
Good luck tomorrow!
Where did you get that picture of me???
Wow. You are one ugly son of a bitch!
I’d rather play the shippers OSG & NAT than the refiners VLO or TSO, both have problems. However, you must have seen something you liked and I see some hope for TSO too so give it a few more weeks or a couple of months, maybe you’ll get a pop after Q2 earnings. Just my two cents.
That’s actually Shedder.
I am ugly, but moustaschio-less.
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It’s no wonder your kids lock you out.
http://www.geocities.com/be_alternative/transvestite_barbie.jpg
Is that guy rocking a hatchet medallion?
How about Golden Delicious? They’re apples.
He is the original “Hatchet.x
I know you have referenced New York Mag before but I don’t know if you actually read it regularly. Irregardless (sic) there’s an article this week you might like, or not, entitled “The Downtown Turnaround is Here. Or is it?” One of the economists cited was an alum u might know. Wondering your take.
For me, it was great. Had a little bit of Devildog, The Fly , Chivas and Jake. Plus a tiny bit of “hmmmmm”. I miss that guy btw. Wish he’d come back.
Speaking of New York, I saw a screening of the new Pelham 1-2-3 movie tonight. Peee-yew. Let’s just say, it might have been more entertaining if John Travolta had danced in it.
Keeping with the topic – I hope to take advantage of a mid to late summer sale on gold and its affiliated products and equities.
Don’t waste your time with crappy Travolta movies.
Go see ‘The Hangover’ instead. Best time you’ll have at the movies all year.
http://stockcharts.com/def/servlet/SC.pnf?c=TSO,P&listNum=14
Not sure how many P&F chart fans we have here, but TSO gave a breakdown signal yesterday.
Yossarian- howabout a link, ovah heah?
Gary – Great Lawn Guyland bar under your moniker, btw. Thanks for the chart. TSO is mighty damaged, again.
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http://money.cnn.com/news/newsfeeds/articles/djf500/200906021552DOWJONESDJONLINE000558_FORTUNE5.htm
Jake, notice the action in my Swine Flu play SVA? Glad I had poor trading discipline and never bailed on it. Up 12% today.
John Gotti, thug, convicted murderer and racketeer made money from gambling, prostitution, hijacking, extortion, and murder for hire and died in prison. Generally, an avatar is used to demonstrate how we want to be viewed by those who don’t know us, ie. the Fly’s wizard avatar. You want to emulate John Gotti? You are one fucked-up blogger. I gather you are tasked with bringing the criminal element to iBankCoin.
Hey mama,
We don’t get to pick our avatars.
Those are graced upon us from Sr Fly.
sorry, JG. I was reading the hard copy. Here it is online.
http://nymag.com/news/features/57070/
mama, give it a rest.
Hey Jake,
Nice pop on Platinum. Holding on to PGM. 🙂
You have a target on your PTM?
Caveman, if you were on the PPT, you’d know I have been talking about SVA for days.
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Mama- are you stupid? Avatars are assigned by the owners here, they are not voluntary. Considering that I protested about my first assigned AV– Joe Stalin– I had less political capital to argue about the second.
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Panda- I still haven’t completed my purchases of PTM yet and you are already talking about selling? Oy! __
Sold CDE @ $14.97 for a quick one day 5%
Dumped it into AZK at $4.24
The Fly gets annoyed with a bearshitter.
+++++++++++++++++++++++++
Bot 2k more EGO @ 9.57
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Sold CDE @ $14.97 for a quick one day 5%
Dumped it into AZK at $4.24
EOD close:
CDE – $15.53
AZK – $4.29
Stick with the more liquid stuff, imho.
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Wow, you know I love the PM’s but ANDE — old “Mr. Anderson” — has been kicking ass and taking names.
It’s up over 70% since the start of the JCHP (officially, May 1st).
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