I only have one daughter, and she’s something special. Today’s her ninth birthday and may I live to see many more. As I say, she’s something special, and she’s either going to drive me to an early grave or make me proud beyond all measure.
Or both.
Developing….
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As for the market, I’ve got some updates on the Jacksonians. I’ve decided, that — market precluding — I’m going to start giving updates only on a weekly basis. Two reasons for that. One, it strikes me that you all are not ridiculously fired up to get a daily update, and two, it being somewhat of a pain in the ass to do daily, AND it being a long term portfolio, it’s better for us all if I just throw the chart out there once a week. As you can see, I’ve done that below.
I will continue to mention Jacksonians that “need to be bought” throughout the week, just as I hammered on [[TC]] and Teck Cominco Limited (USA) [[TCK]] this week. I just won’t be plotting their every move. It grows wearisome, and the feedback hasn’t been overwhelming. Any of you who have specific questions, please feel free to ask in the comment section.
Some ideas for the upcoming week… two longs and a short. First the longs, as I believe we may be in an upward spiral here to at least 1010 on the S&P 500. [[CNXT]] is a crazy little tech play that’s been showing as much promise as Amkor Technology, Inc. [[AMKR]] (a play I am already in). I really like the recent moves, and think a cautious player should feel good about entering over $1.50. The chart tells the story:
I also like coal and gas fired electricity producer Mirant Corporation [[MIR]] here. I made a ton of money on this company’s preferred’s back when it was in, and coming out of bankruptcy, and now that it’s out, it’s generationg asset heavy mix has started to perk up the acquisition minded utility market again. Whether this sucker ever gets bought out, it’s a perpetual bridesmaid and I believe it will gain traction in this coming cycle. The chart shows that interest moving:
Last my short possibility. Now, don’t go crazy with this, as I think it may take a little time to develop. Deckers Outdoor Corporation [[DECK]] crapped the bed last Friday on some bad analyst talk. Whether it will continue to break down will be the tale of the chart. As you can see, I’ve marked where I think it’s safe to start shorting this ugly booted mother. I’ve had some success in this one in the past, and if you believe, like me, that retail will lead the way down this Fall, then this is a nice one to keep an eye on. Be cautious, however, and pay attention to the markers as indicated:
Last the Jacksons, and their moves from last week, which are mostly glorious. I have reduced cash somewhat in rebuying more Monsanto Company [[MON]] and Thompson Creek Metals Company, Inc. [[TC]] and may deploy some more, especially as I have taken off the [[TZA]] hedge play. Until next time, ciao.
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| Name/ | % | % | Portfolio | Portfolio | |||||
| Ticker | 17-Jul | Change | 24-Jul | Change | Value | Impact | Comments | ||
| ANDE | $ 28.47 | $ 30.99 | 8.85% | $ 9,357 | 0.50% | Will be breaking new ground over $32. | |||
| EGO | 9.21 | 9.27 | 0.65% | $ 8,686 | 0.03% | Bouncing off 20 day (9.05) | |||
| GDX | 38.64 | 39.90 | 3.26% | $ 12,076 | 0.24% | Consolidation range pullback | |||
| GLD | 91.93 | 93.41 | 1.61% | $ 10,743 | 0.10% | Break of $94 important | |||
| IAG | 10.22 | 11.11 | 8.71% | $ 13,699 | 0.72% | Best long term hold in the PM’s | |||
| MON | 75.41 | 84.16 | 11.60% | $ 13,352 | 0.93% | Back over 200 day looking good again | |||
| NRP | 23.12 | 23.00 | -0.52% | $ 4,774 | -0.01% | Above all MA’s and looking strong again | |||
| PAAS | 19.24 | 19.68 | 2.29% | $ 11,820 | 0.16% | Expect a pullback, but buy there ($19) | |||
| RGLD | 40.67 | 41.78 | 2.73% | $ 11,545 | 0.19% | Above all MA’s and looking strong again | |||
| SLV | 13.17 | 13.66 | 3.72% | $ 11,097 | 0.25% | $14.60 next target | |||
| SLW | 8.48 | 9.23 | 8.84% | $ 8,965 | 0.48% | 200 day strong support @ 8.40 | |||
| SSRI | 19.15 | 20.08 | 4.86% | $ 11,681 | 0.34% | Over evern MA and looking for more | |||
| TBT | 53.56 | 53.19 | -0.69% | $ 10,596 | -0.04% | Looking to make a move again | |||
| TC | 12.36 | 14.75 | 19.34% | $ 12,141 | 1.41% | A thing of beauty, get ready for pullback | |||
| TCK | 21.06 | 24.49 | 16.29% | $ 16,283 | 1.59% | A thing of beauty, get ready for pullback | |||
| TZA | – | – | 0.00% | $ – | 0.00% | Sold out remainder @ $18.26 this week | |||
| Cash (000) | $ 16.89 | $ 16.89 | 0.01% | $ 16,891 | 0.00% | Reduced by MON and TC purchases | |||
| AVG (weekly) | 5.38% | $ 183,706 | 6.87% | ||||||
| AVG (monthly) | 3.00% | Actual | |||||||
| AVG (inception) | 20.86% | Return | 22.47% | ||||||
Congrats on nine.
Thanks. Nine more and she’s eighteen. Sheesh.
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And only 5-7 more until you have keep the shotgun by the door to “impress” the prospective boyfriends. lol.
Happy Birthday to the Jake daughter.
Take her to Disney World.
Cheap fares on Allegiant Air.
You met her! (briefly)
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No one but the Fly is crazy enough to go to Disneyworld in the highest part of summer like that….
I hope you are getting a chance to escape to the mountains of North Carolina for some golf….
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Yes, I recall the brief meet. Tell her have a nice day on her birthday.
To be nine again, no school, and it’s a birthday.
No NC for me.
My kid is going to qualifying for the US Amateur in a couple of weeks and if he gets in I may head out to Tulsa, Oklahoma and caddy.
And if I am luck it will be over 100 degrees carrying the bag.
Dude, I sincerely hope they give you a cart.
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This is a little off topic, but well, my name is “JakeGint” for a reason.
I just have never been so embarrassed for my home state, my fellow alumni (retire, you creaky old bastard!) or the state of our Constitution…
Two years in prison for shooting yourself??
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Plexiglass Jones is just a supreme idiot.
And you’re a fargin genius.
LOL. There ya go, barking up the wrong tree again.
Go hump a tractor, vigorously.
DPZ: “But seriously, go fuck yourself. Thanks for reminding what an enormous waste of time
it is to read and comment on your chauvinistic little corner of the internet.”
Still wasting your time, eh douchebaggio?
It certainly appears that way, doesn’t it? Thanks for your concern about my time though.
Now, please, that tractor is getting lonely.
Idiocy should not be punished with hard jail time. Not two years… that’s just egregious.
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Them liberal states don’t fuck around with CCW laws. Add in the fact that he’s famous (and a habitual offender), and they’ll make an example out of him (a la Michael Vick).
However, when rapes/assaults get punished with just a year of jail + probation, perhaps it’s time to reprioritize things…
That’s what I’m saying. At least Vick had illegal gamblin’ and animal cruelty in his crime sheet (still not sure HE should’ve gone away as a first time offender, either) but all Idiotstico did was shoot his own fool leg.
Granted, he should be fined a million bucks and maybe even get some kind of probabtion, but time behind bars??
It’s draconian, and smacks of unequal justice exactly because he is a high profile person.
And believe me, I don’t even like the jerk. But Morganthou sound like Torquemada here.
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FWIW — Platinum is finally starting to get some traction along with the silvers and golds…. PTM is my holding in the metal, if you are interested…
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KEY looking good here, up 6%.
Midwestern banks of possible buyout potential should be examined here…. FITB, HBAN, etc…
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BOT 2k more CAR at $7.85. Sold my remaining OXGN at a bit of a loss.
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Dear Jake,
Congrats. I am sure that being raised by a man like you, your lovely daughter will be a great blessing in the world. And yes, there will be times you’d like to throttle her. Resist the urge; it will pass!
Thanks Nora, you make me blush, ovah heah.
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Happy birthday! I hope you do something special and enjoy your family time.
Jacob, age 92 and Rebecca, age 89, are excited about their decision to
get married.
They go for a stroll to discuss the wedding and on the way they pass a
Pharmacy.
Jacob suggests they go in.
Jacob addresses the man behind the counter, “Are you the owner?”
The pharmacist answers, “Yes.”
Jacob: “We’re about to get married.
Do you sell heart medication?”
Pharmacist: “Of course we do.”
Jacob: “How about medicine for circulation?’
Pharmacist: “All kinds.”
Jacob: “Medicine for rheumatism, Scoliosis?”
Pharmacist: “Definitely.”
Jacob: “How about Viagra?”
Pharmacist: “Of course.”
Jacob: “Medicine for memory problems, arthritis, jaundice?”
Pharmacist: “Yes, a large variety …. The works!”
Jacob: “What about vitamins, sleeping pills, antidotes for Parkinson’s
Disease?”
Pharmacist: “Absolutely!”
Jacob: “You sell wheelchairs and walkers?”
Pharmacist: “All speeds and sizes … why do you ask … is there
something I can help you with?”
Jacob says to the pharmacist: “We’d like to nominate your store as our
Bridal Gift Registry.”
Whew…. I was expecting a lot grosser ending. Thanks for the laugh.
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Hi Jake!
Congrats on your daughter´s birthday! I have two girls, and they make me the happiest man, and yeah I hear you on that early grave idea.
The one girl balances out the boys quite evenly, I find. If there were two of her… I just don’t know.
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O wise fly, whatever thoust shalt doeth, doeth for Dane.