Panning for PPT Gold

I salute you, tipping my fictitious cap as I sit by the side of a virtual river spewing capital to all those suave enough to seduce it. My pipe tastes delicious, as always, thank you for asking.

Looks as though those overpriced tickets the bears were selling for a ride off the cliff were a big hit, so much so that it’s time for another load of late longs to be met with cold, hard concrete for their most erroneous albeit zealous buy-orders of late.

Everyone has a use and being wise and humble enough to know where I fit in, if anywhere into this sites framework, it has to do with mining. I don’t work in the financial industry, I don’t manage others money, I’m not an economist or an analyst for those professions are even more boring than counting beans.

However this man does have a penchant for ALL THINGS LUCRATIVE and as a result I’ll be panning The PPT for golden gems, shit you’ve never heard of on the verge of BTFO and share some of my findings with you, the pathetic and painstakingly ignorant public. If you’re a distinguished member of The PPT please ignore my previous sentence, if you’re not, please read it again. Shall we commence?

Today with all the uncertainty I’m looking for stocks that are still accumulating and have a low beta. Low beta is great for these “uncertain times” and if something is accumulating despite this pullback, it’s a good sign. Remember these screens aren’t cut to just go out and buy based on, however I’m sure it will happen. However it is used as a means to identify things potentially worth investigating further. Once you send that “buy order” it’s too late to start doing homework, unless of course you’re a neurotic and then that’s your business.

3 Stocks Accumulating with Low Beta

SSY – SunLink Health Systems Inc – Beta = -0.43 – Hybrid 3.18

The Company is a provider of healthcare services in certain rural and exurban markets in the United States. They reported a 4th quarter $0.11 EPS and the market is loving it.

Concerns: Volume is putrid to the tune of ~10,000 a day. Could get trapped.

FirstMerit Corp (FMER) Beta: 0.10 – Hybrid 3.32

A bank holding company, which through FirstMerit Bank provides a range of banking, fiduciary, financial, insurance and investment services to corporate, institutional and individual customers throughout northern and central Ohio, & western Pennsylvania.

The Coca Cola Co (KO) – Beta: 0.65 – Hybrid 3.71

The Company is a manufacturer, distributor and marketer of nonalcoholic beverage concentrates and syrups in the world.

Other notables include but are not limited to: HWK, CHD, HNBC, WCN, BTM and the list goes on and on and on. For those of you who understand the concept “Pay to Play” here is the regal screen.

I *HAD* plans on buying more EGO aka ELD.TO and it was at $11.48 while I was writing this, now it’s pricier and I’m going to order a sandwich (literally). People who chase stocks end up like people who chase girls, alone and derelict. Also on my buy list is Suncor. I bought in at 33.30’s and sold in the 38’s. Looking to re-enter but might not, think more doom and gloom is possibly coming.

Tips hat, good day.

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Many bewildered bears had a great day today as the market sold overpriced tickets to “late longs” who were shortly there after driven off a cliff to the tune of ~3% on all major indexes. Some bearshitters had a wonderful day full of gains and gumdrops while the majority of longs were met with hard concrete. Especially devastated were those who bought tickets for themselves, families and friends yesterday with great vigor into the close.

The last month I’ve barely been online and as a result not in near as many positions as I typically am. Mainly gold, oil, shippers, solar and bullshit lotto tickets currently haunting me while I sleep. Part of the reason why I cashed out was expecting something to go wrong sooner than later and an effort to ensure I have plenty of supplies should I be presented with an opportunity. Considering I don’t trade for other people and have a fixed sum allocated to this endeavor, I must act more like a sniper and less like a marine so to speak.

In passing someone mentioned that most of the buying going on now before some type of major correction are the “late longs” if you will. The smart money was in for 75% of the move and now what’s left is the rubble being flown from the train as it finally crashes into a wall.

For those of us who aren’t total leeches or degenerates, we’re aware of the current reading on The PPT overall hybrid score. Its had an uncanny knack for timing this crack fueled market’s temperament through past dips, but I wonder what will happen when it’s not a dip but a full on “lose your limbs” slaughter the longs style Braveheart bloodbath. Something I’d like nothing to do with, might I add.

The purpose of this potentially lucrative month of October will be “Panning for PPT Gold” aka using the screener to sort through the bullshit and find the gold.

Regardless, the streets are talkin (sic) and if you don’t want to find yourself derelict, you should be listening.

[youtube:http://www.youtube.com/watch?v=tGoNfgXxD2g 616 500]

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It’s been fun being the King of the PG to some extent or another. This whole “Blogging Shiz” started with a rant I made in the PG titled “Boot Stomp to the Teeth“, then started posting more and more. I was trading actively back then as well it was “good times” shall we say.

Now I’m done my tenure and sadly during most of it I have been not so committed to the market so to speak. The reality is for the last month and past few it doesn’t matter what kind of dip or news comes up, the market just keeps going UP.

It’s quite crazy really, with that in mind I’m still not 100% sure this is the real recovery or just a massive bear market rally of epic proportions.  As much as part of me does believe in the recovery, part of me says more shit must hit fans before this is totally cleared.

I did notice the “King of the PG” lost his tab and is now just a small tab under the Peanut Gallery. I see why the tab was removed but as a result the “King” now has less accessibility to the readers then the regular “Pikers” er “Peanuts” do… Maybe the “King’s” messages could be included in the Peanut Gallery just not voted on? Whatever, I”m digressing and dont’ really care that much.

One thing I will say is that this last month and a half have rekindled my love for shooting my chops to anyone that will listen through these here interwebz.  I’m going to start a blog talking about shit I like, hopefully make some PPT affiliate commissions too.

What I think about the market shouldn’t really matter. If you’re looking for advice from anyone who has “Peanut Gallery” in their title, you gotta check yourself.  That said, unless the market is steamrolling to the moon (which it appears to be) it looks like we’ll find a new range soon. Once that ~range is identified I’ll be more inclined to start buying, near the bottom of course!

TransCanada Corp (TRP)

I bought a starter position in this @ $32.34 on the TSX yesterday. It’s a long term defensive play so to speak with a nice dividend. I wrote a post about the “Dividend Aristocrat” but have been busy this month, it’s summer and I’m having the time of my life.  I wish to park  the % of my net worth I use for investments of this nature  in places that are safe. You can go to the casinos all you want, I’m not trying to get it, I’m trying to grow it.

Peace out and go eat a Whopper.

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The market keeps churning as bulls and bears battle it out for supremacy. It’s CHOPPY and I don’t care if you’re a great swimmer or not, you should be weary incase you hit a big wave while sipping on some fine whiskey and smack your head on the side of your jib. (This type of shit happens, seriously). Better yet, drop the whiskey and pay attention.

I had intended on doing some research and writing a killer morning update but traffic, emergencies in the office and the like have kept me from fulfilling such intentions.

As a result I have little to share except I’m glad I’m still in cash for the most part. My holdings are as small as they have been since late March.

The trend is UP and on a daily basis we do continue to go UP for the most part. It’s just not going UP like it used to for the last few months.

As a result and with September around the corner I am QUITE content just waiting this out. Unless you have a printing press, it’s important to pick your battles as you don’t want to one day have an amazing shot with no ammo so to speak.

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The market is confused like the androgynous “F Lister”  in this photo is of his/her identity.

The bulls don’t know if we’re going to drop, the bears don’t know where their fortunes have gone.

So many questions, so few answers. Until then we will keep churning.

That is all,

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Greetings débutantes and derelicts alike, today I actually bought something, and there is really very little rhyme or reason to it. I bought FBC – Flagstar Bancorp, Inc in the pre-market for $0.83.

FBC – Flagstar Bancorp, Inc

I’ve decide to “Roll the Dice”. One of the distinguished gentlemen in The PPT – mda1125,  decided to try and find some stocks read to just BTFO. I won’t go into further detail because it is HIS IDEA, I just think it’s a really cool idea and decided to buy some shares from a company that came up in the screener. If you’re interested in more details, stop being a piker and go buy a monthly subscription.

Like I said, this is a dice roll and it could go either way, as a result I’ve bought piker size comparable to some hands at a blackjack table if you were in Vegas. I don’t really care how this plays out, I just think the idea is novel and felt like seeing what happens.

What prompted me to do such ludicrious things after “Bearsitting” for so long? Let’s just say another stock that came up in the process which will remain unnamed for you the “uninitiated” jumped 165% then 40%+ in the after-hours.

As you can see this “unnamed stock” really and truly redefined the term “BTFO”. Fwiw I will probably sell FBC if it goes below the $0.70’s range.

That is all, I wish you good day.

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