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  • Dec 16, 2008 4:46 PM Flag

    Quiet board over here.....what is your target for this for Friday?


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    • Fast Money Crowd just gave a 1100 target for the S@P 500 before New Years...

      Longs will be drunkards here...i cannot believe those that did not pile onto these stocks at their lows ~~ the mid 3's for most...Instead Bankruptcy fears were in play across the Dryshippers..I rate Forbes a 0 based on their bankruptcy theory for GNK and DRYS...GNK is at 14 today!!

      actually,, i love Forbes i loaded up on all four GNK TBSI EXM and DRYs at their lows...

      im pretty much out of cash now and have been using margin ~~~ it pays to be greedy and irrational when stocks are cheap...Forbes was saying sell DRYS at 3 AND i was buying as much as i could..

      read my No Bankruptcy posts...

      Do i believe the S&P will hit 1,100 before New Year's ~~ i would be in shock and awe while patting myself on my

      • 1 Reply to skywatcher392
      • Given that commodities are going to soar because of Bernanke's move today (along with previous moves), the oil trade may now be back on. Check out things like HAL, MDR, SLB, XOM, USO, etc. These are also commodity related, but look very good technically if you had missed the rapid runup in the dryshippers.

        Also, the infrastructure/materials play looks alive and well. The shippers are in that space along with trains, trucks, steel, cement, asphalt, etc.

        Bernanke is running up inflation pressures at the same time Obama will be raising demand for commodities and lowering supply. This one is a no-brainer any way you slice it. Furthermore, Bernanke indicated rates would stay low for quite some time. Obama promised to be working on infrastructure for quite some time! Looks like a major bull market, at least in this area.

    • $10.20

0.0140.000(0.00%)Apr 16 10:00 AMEDT