Happy Halloween Surprise Mothah-Cluckas!
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Okay, just burn it if we don’t bounce here. Here’s the amazing thing about this Halloween Surprise we’re experienceing right now… someone almost predicted it.
And I say “almost” only because he said we’d retest the lows today and then rally all next week, and obviously, only Fly and his Time Machine can check that part out yet.
Here’s the thing. He said this when we were hitting Wednesday’s lows, and he predicted yesterdays’ massive rally and today’s retest! If he hits on all cylinders with this prediction, we may have to give him his own blog.
But let me tell you Fly aint gonna like it.
“Developing….”
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Let me tell you what I’m doing right here and now… I’m “wading in.’ I sold some more of my options yesterday under the “too good to be true” axiom, thinking we’d at least have a little pullback from yesterday’s move.
Well I guess we did have something didn’t we? Well, we more than tested Wednesday’s lows (again, as mystery guest predicted) and even filled that October 6th gap. We are now on the march back, however tentative, and I’m adding to my PM’s here, and other Jacksons.
I already bot 200 more [[AGQ]] this morning, too early again, at over $55. Dumbass, right? Well, I’m not too worried about AGQ long term, truthfully.
I am also eyeing my “strength” Jacksons, including suddenly cheap silvers Silver Wheaton Corp. (USA) [[SLW]] , [[EXK]] , [[CDE]] and on the gold side Allied Nevada Gold Corp. [[ANV]] , IAMGOLD Corporation (USA) [[IAG]] and Eldorado Gold Corporation (USA) [[EGO]] .
Let the price of gold be your biscuit here… it’s not even coming close to the lows of Wednesday, which tells me this is one more false “whip” of our secular bull. Don’t get bucked. Those of you who were lucky enough to sell some yesterday (and even the day before) deploy cautiously, but wisely.
And with great vigor. As your cautionary flag watch for $22.70 on [[UUP]] — that seems to be holding off the Huns for now.
Best to you.
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Nice gutsy post
Nice post….Giants will do well this week, don’t know about the Yankees…have a good weekend, see you on the way up next week.
If we are not sucked into the Vortex of the crystal Skull, you mean?
I’m more concerned about the Yankees, m’self.
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yeah fuckin cramer called it.
of all people.
Bought 1k MON @66.66. … just cuz thats what I does
Thats ballsout. And a good call, I think.
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Nasty chart – hope you have a mental stop in place. Round-up earnings tanking (half their business), while seeds doing well.
I only add to Monsanto. Cheaper the better. Would that there be more toothless rubes worried about their Roundup business.
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“I only add to Monsanto.”
Sounds like religion …sorry to have caused you an upset.
I don’t follow MON and I would certainly defer to objective observers (those who are non-religious on the subject) who know more than I about the relation between MON’s Round-up business and their Roundup-resistant seed business. I would also be interested to learn from industry insiders about SYT’s (and others’) prospects of breaking into the Roundup-resistant seed business.
What I do know is that SYT’s chart looks a lot more promising than MON right here and I’d consider that stock over MON if it can get above its June high where it would break out of the 61.8% retrace zone.
“just cuz thats what I does”
Reply JakeGint says: ” Thats ballsout.”
Intelligent, unemotional, analysis eh? Beezlebub, don’t piss away your money pandering to this assclown’s fragile ego.
I can only assume that what “sounds like religion” to one with no concept is beyond logical debate.
However, I guess I can be grateful for immature valuation estimates, no matter the source.
That’s what makes a market, no?
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I bought some PAAS to keep my ANV & SLW company!
Shirley thou speakest of Tony @ OEW, not Cramer!
fuggit, bot cde, more slw and more anv.
what’s le fly’s phrase, “chopping carrots with zee bells on zee table”?
Bought PMPIX with 5% of portfolio. Stepping back in lightly.
Look at $USD on stockcharts – looks like a bull flag. Its not as clear on UUP. That said, gold rose on a stronger dollar. Could be an early sign that gold investment demand is going to drive the market rather than daily dollar moves.
What was that curse about interesting times? I can’t wait for the Sunday night open on the foreign markets.
Mr Gint,
Here’s the thing. He said this when we were hitting Wednesday’s lows, and he predicted yesterdays’ massive rally and today’s retest! If he hits on all cylinders with this prediction, we may have to give him his own blog.
But let me tell you Fly aint gonna like it.
“Developing….
Which would constitute the greatest comeback since Jesus.
Anybody have a link to this prediction? Been a busy week so missed this “epic” call…
It is here….in the comments section.
http://leduc998.wordpress.com/2009/10/28/time-to-step-back-in/#comment-4375
Hope this cheers you up
http://thedanzatap.com/?p=9995
Coughlen[sic] dead man walking?
Gold is up almost 100 basis points in morning trading. I think we may have a wild ride today.
Hang on, Mr. Toad.
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