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Everything’s breaking gizzards these days except [[TLT]] , so why not get exceptionally “outre” in your picking and “dabble in the exotics” as they say down in Derby Land?
By “exotics” I don’t mean trifectas and daily doubles, but rather palladium and land banks in the form of [[PAL]] and The St. Joe Company [[JOE]] , respectively.
Truthfully, these aren’t exotic at all, and are ony further reflection of the deranged printing press inclinations of Sir Ben of Bern-yankee. Why do you fight the Fed? Why do you do it? Rather, you should be buying palladium dogs like Stillwater Mining Company [[SWC]] and investing in Florida real estate that won’t be developed until the Baby Boomers are all safely in their crypts.
No worries, they are breaking out, and that’s all that matters in the end, no? Come see [[PAL]] and then Joey.
Then there’s Mr. The St. Joe Company [[JOE]] , who’s really punched the number after breaking out of that long term downtrend line I pointed out a few weeks back. How may of you took advantage? Propitious that this is the season of Doubting Thomas, no?
Here’s the line — “hard assets are moving again,” because the currency is dropping out of sight. If [[UUP]] continues to drop, these are two more weapons for your bag. Keep them secret, keep them safe.
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PS — Don’t forget about Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] even though I sold some of my exposure in these the other day. These are “put away for the long term” stocks (especially CREE, which is best in class). Same goes for recently beaten upon Monsanto Company [[MON]] . Take this hammering in stride and nibble vociferously. Long term, there’s no one who can match their IP assets.
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nice–both charts are BTFO
On the wall right behind me, a framed copy of the original soundtrack LP for the Chairman’s flick.
On the monitor in front of me, a Rorschach showing a distinct cock and balls formation – the mental scar from having missed PAL at $3….
Still a lot of opportunity there, don’t let the miss at the lower levels psychologically block your grabbing some here.
Should be a little consolidating at $5, I should think.
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Could be a lot of shipping to the manufacturing plant could account for the upswing in UPS.
I don’t really see a cup and handle on PAL. Are you referring to the March 8 high as the right side of the cup? Seems a bit low for that.
No, early April is right side. Admittedly, there’s not much handle there. It did drop off the lip quite considerably, however.
You see UPS this morning?
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Yup, that’s crazy. Good news for shippers is generally good for the economy… this rally might have some blood left in it yet. I was pissed off yesterday morning I missed HBAN on the downgrade slide… Perfect touch of the 20-day MA and bounce.
Quiet day today, don’t you think?
…. mmmmm … too quiet!
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Jake, I added RGLD around 49 on the downgrade; the price seemed like a nice bargain to me, I guess you’re still holding the proverbial truckload of this one:)
I think with the market the way it is today, that, with the rain this weekend, the market will jump on monday with buyets taking advantage of low cost buys. However if obama sticks his head up his ass, the market could fall further down.
Me, I am going to Lake Charles to eat mudbugs and drink liquor, and maybe gamble a little. Seems like the rhing to do.
Geeeeze…PMs and especially silver are getting demolished today. SLV down 4%??? WTF????
Buying Opportunity!
You are concerned?? I told you to take a little off over the last month for just this type of affordable entry event.
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Jake,
Check out Tejon Ranch if you’re interested in land banks. TRC. I’m tempted to pick up some VECO here.
On the Goldman story, so what do you think? I think this has serious legs, and Obama is going to beat the shit out of the Teabaggers with it.
I’m not confident this will end in charges. If you look at what they’re insinuating, it’s opening a can of worms; a conviction could cause major recourse throughout the entire financial sector. The U.S. government did not just sink $1 trillion into the banks to let it run rampant and risk mass speculative selling. I hate to side with Cramer’s crowd, but this particular event is overblown and GS is probably a buy.
The main reason Obama is sacrificing his allies is to save political face; although Pelosi, Reid and Obama all publicly denounce the Tea Party movement as a joke, they’re scared. The lashback has been more than they thought possible and people are beginning to tune them out. Now in November they get to paint themselves as reformists and freemarketers.
That’s precisely what I’m saying! Look, the reform train can’t get moving on it’s own. But an SEC suddenly charging banks with Fraud will most certainly do that. The Republicans can’t block it. If they actually start public hearings, and if there are any convictions, the Republicans would be stupid to side with the banks. Even they are surprised by the fury that’s out there. The question is, who is going to ride that angry bull into office in November. Republicans think that the fury will sweep them in. But if the Dems start prosecuting the banksters, suddenly it is they who will be riding that wave (mixed metaphors and all!).
The beauty of it, too, is that there’s not a lot the bankers can do about prosecutions. It’s not like they didn’t swindle their clients. And if the Europeans get in on the actions, watch out.
What can the banks do? Can they tank the market? Sure. But the public is not as invested in the market as it once once. And, if the anecdotal story is true and retailers have moved their money into bonds, well then, the govt gets to borrow cheap and the public profits.
Honestly, I would say that this whole thing has the whiff of genius about it.
I think you’ve overlooked one little aspect of this situation though – retirement accounts. If the Democrats overreach, and the Republicans go along with it, then the retirement accounts of middle class America are put under fire. The mood right now is not pro-conservative, it’s anti-politicians. Given this level of pandering desperation, it’s quite likely that they’ll all wipe themselves out of the races before November.
Also, it’s tought to paint yourself as a reformist if your own survival depends on finding GS not guilty. Unless they drag this past the elections, which could very well happen.
I mean, even the morons at Business Insider can see the writing on the wall:
http://www.businessinsider.com/lets-be-honest-this-goldman-is-a-huge-blow-to-republicans-against-financial-regulation-2010-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29
The Teabaggers?? The homosexual slur aside, wtf are you talking about?
Goldman Sachs is a wholly owned subsidiary of the Dimocrat Party, dimshizzle.
They will play their “Chuck the Schmuck” get out of jail free card, and dance.
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Could be this is a way for the Dims to own more of their banksters, via the Chaz Dodd Corruption Act, but that’s all it is.
Business as usual for the corrupt hobags that run NY politics — the state and federal Democrat Party.
Clue in, Spookster, geez.
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I want the Republicans to play along. This maneuver is overreaching. Let the Republicans offer no resistance and do everything in their power to speed the trial up. Let’s see the Democrats get stuck between their desire to look like their doing something and their stronger desire to not actually do anything.
LOL – Democrats and Republicans? Really guys?
Jake, I find it hysterical that you want to point the finger at your beloved “Dims” when you know as well as I that the banks co-opted both parties a long time ago.
Aside from that obvious fact, it’s also quiet clear that neither party wants anything to do with a new regulatory system; no one in D.C. wants to break up the party.
That all being said, point on . . .
Hey, I have an idea. Why don’t you vote for Ross Perot?
Useful idiot takes on a new fascia.
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Replace the word “hysterical” with “sad” and you are absolutely correct.
Jakey,
Your wife never teabags you? Quel dommage!
Give us a ring when you grow up, Spooks, we’ll converse.
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JG – I’ll be nibbling on MON soon (around your 63.50 target, perhaps?) but what do you think about throwing a little POT in the mix? (Maybe in the brownies like Reverend Jim (christopher lloyd) in ‘Taxi’.)
Haven’t looked at POT in a while, let me check it out…
Like ANDE here, though.
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