[[AZK]] – big buy at EOD on Friday — over 20% of the day’s stock traded in the last 30 minutes.
[[CDE]] – Very high volume (over four times average) white doji after ten (!) red down days in a row. Bears watching.
[[DROOY]] — 29% of all trading in one five minute period on Friday (3:50-:55) drove the stock up 43 cents (5%).
[[EGO]] This Jackson pick also had almost three times volume on Friday. Strong into close until last five minutes, with a massive sell stick. Ended with an inverted (white) hammer, volume indicating bottoming.
[[FRG]] Could get interesting over $4.21 — handle breakout? Also, E8’s possible
AEM buyout pick.
[[GRS]] Could be a
short here, on a break of
$6.90. Weird EOD activity on Friday.
[[IAG]] Again, almost 3x normal volume on an up day for this Jackson, but massive last ten minute red candles give pause (1.4 mm shares out of 9mm total).
[[NGD]] Another that looks great on the daily chart, but then that last five minute plunge gives one pause. Breaking out up til then — could’ve been opex. Looking for handle breakout here.
[[NXG]] Massive volume white doji, but last ten minutes blood red too. Still on trend.
[[RBY]] Maybe the best pick of the day, breaking to new all time highs on Friday. STILL had EOD selling the last ten minutes! What was going on? I guess we’ll see soon enough…
Developing…
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CDE did a debt to equity conversion accounting for the huge volume on Friday.
HL also had huge volume on Friday, especially right near the close.
Anyone who can tie Junior “Honest as the Day is Long” Samples into stock commentary is my kind of people … great blog update on the juniors.
GeeFI was a sweet timed pick. Noice job, JG.
btw, I think Gary will be wrong & a victim of his own warnings of getting to cute regarding timing the gold bull, this time around. I think gold/silver is about to get on its high horse. Gold heads over 1k, shortly.
But we see.
Gold just broke down from the bear flag on the hourly timeframe.
Now we are looking at major potential support at 925. After that there´s some support in the 918-912 area and if that breaks then it looks like a more longterm downtrend has started.
Bought 5000 more MVIS at $2.42
Just generally getting horse whipped today. Down over 5% net across all positions.
Sold remaining 1000 SLV at $13.67
Bought 3900 more AZK at $3.50
oops … spoke a bit soon 🙂
Bizarre, everything getting smacked today save perennial lagger CDE (up over 5% as I type this). Could be it’s out ahead of everyone else in the “already shellacked” department, but others (IAG, RBY) are showing somre relative strength too.
Actually RBY just got knocked down after holding at about 2% down for a while today.
Eating a samich…
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Eating a samich…
Me too, peppercorn smoked turkey on sourdough. Mmm.
Got any ‘inside info’ on MON earnings?
Got me a Jul’09 backspread going on it, big profits above $80, smaller profits below $73; loss in-between…
DPeez — no inside info, sorry. Just trends with Ag and metals, and w. regard to MON being a “stock of the future” thanks to it’s promising genetic ag IP.
The last thing I can do is give you intermediate term price targets. From a technical perspective, however, we will have more trouble if we break $77.25, ovah heah.
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Ohhhh, this explains the break in PM’s:
http://zerohedge.blogspot.com/2009/06/gold-rescue-plan-delineated.html
The comments attached to that post are decidedly less funny…
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TBT getting shellaced. BREEHEEHEE!!
Re: MON
Thanks.
Yeah, saw that $77.xx line thus I created my spread around that. Unless we literally hug that value for the next 3 weeks, I _should_ be able to make a profit…
If down 2% is gettting “shellacked” may the rest of the Jacksons be “shellacked.”
I let half of my TBT go with the options I sold (they became “in the money” after I sold them), so I’m looking to rebuild that position.
Also dumped 80% of my AGQ position today on the break of 41.75.
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jake I told you to better sell the rally on that 4 day-cap weakness , price action is all ema and ta arrives always late and cofusing lately no ?
these big 2 red candles are not the end of the sale
jmo
Francesco — agreud.
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edit: retract dumbassery..
Late day addition, TZA filled it’s gap at 24.85, so I bot 2k starter @ 24.92.
Gotta start hedging under 900.
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Whattaya mean? I knew they had to sell bonds this week, so I let some go on Friday. No big.
Long term thesis is still there. They can’t sell bonds when the dollar is schivtzin and the market is blitzing.
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I’m messed up in the head, those were June options? Sorry, brain fart.