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highlowsel 933 posts  |  Last Activity: 9 hours ago Member since: Feb 26, 1998
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  • highlowsel highlowsel 9 hours ago Flag

    Yup....but just remember it ain't your fathers market any more. The action is controlled and dominated by machines with metrics that are driving volume and intraday swings to extremes. You have only to watch intraday action and you can see it. These sorts of actions are routine at a "micro (cyber second) machine Universe level but in recent weeks that action has broken out at a macro, human Universe, level. And it's beginning to make even the big boys a bit cranky. Lee Cooperman, for example, is pointing at Risk Parity funds as a major contributor to the illogical action playing out in the markets.

    http://www.cnbc.com/2015/09/03/risk-parity-shares-blame-for-market-ructions-says-omega.html

    From what I'm seeing, and I suspect you, too, I can't say he's wrong. Tomorrow's all all important job/employment # that should set the stage for the next bit of drama. Let's see how it plays out.

  • highlowsel highlowsel 12 hours ago Flag

    Funny....the exact opposite was being said when oil was north of $100. Remember all the analytical "to the sky" evaluations? They were wrong, and so are you. The truth lies most probably in-between those two extremes. I do not, however, expect to see that middle ground quickly. But I'd say by mid-2016 we probably will be in that vicinity. So...just like one shorts on tops....and goes long on bottoms....or however you may define those bottoms/tops to be, the game goes on so long as markets exist....and it's simply in the timing of your longs and shorts that defines your ability at playing it. ;-)

    G/L

    Highlow
    American Net'Zen

  • highlowsel highlowsel 12 hours ago Flag

    Of course it's irrational. But there are macro forces, literally futures, that are swinging the markets about like a 6 year old does a cat by the tail. I'm seeing intraday swings occurring with equities I track that I would have thought dam near impossible. You should not get in the way of this thing, nor try to time it, because you will get your head handed to you. Just look at BAC's intraday as an example. My advice is to be very selective with those equities you find attractive....but perhaps the better strategy is just to find those you like however stand pat and wait this period out. No one, and I mean NO ONE, can time the "when" of when this chaos stabilizes. But I suspect it won't be soon. The markets have a respite with China being down today/tomorrow (excepting Shanghai). But they'll be back on line next Monday....so you should expect more of this next week.

    Meanwhile BAC, which got to $16.18...has about fully retraced and may close the session in the red. I'd consider it a good day if it can close flat. Current bid $15.92...no...94.

    G/L.

    Highlow
    American Net'Zen

  • highlowsel highlowsel 17 hours ago Flag

    Well don't know from your price and time-based trading (parabolic SAR), though I'd point out such indicators follow the trend rather than predict it....but....that said...current PM bid is $104.86. Good indications, but GILD can swing wild and free in both directions on any given intraday. Let's see which way it ultimately plays out today...

  • Reply to

    Ridiculous! Dow way up BAC down AGAIN!

    by equitiesexec Sep 2, 2015 10:55 AM
    highlowsel highlowsel Sep 2, 2015 12:05 PM Flag

    Equitie: Well yes and no. I've been on vacation but quietly monitoring my positions. The uptick would help with the rather rapacious sell side attacks (think attack dog's inside the junkyard sans leash). But the Finny's have clear issues with rate increase worries, along with probably worries about further deval of the yuan (did you catch Cramer's "they know nothing, NOTHING" type rant about the Chinese yesterday morning? He actually called them buffoons. It was his usual style but did convey some very basic things). The Finny's as a sector just ain't much loved right now, and BAC specifically is the red-headed step-child in the group. And of course recent CEO related gambits are not helping that particular perception.

    In any case I think pseudonym Harold is right. On a 10 year chart, and most certainly the a ~4 year chart, BAC is channel-bound. And if you're looking to play a continuation of that pattern then a buy side entry point at the ~$15.50 point (or less) seems attractive. But that's only if you're looking to hold for the next upside of the channel cycle. And that could take a year or more to unfold. Sooner or later the bid will break out of the channel. One would think the direction would be up as the 10 year chart shows a clear reverse head and shoulders setting up. But since that's in the context of 10 years you better be very patient with the set-up.

    As for me most of my positions have been on the short side, BAC being one exception where I'm now a bit in the red. I'm actually looking to get in some of the energies from a +1 year timeframe....but am waiting (while evaluation), The Dow has not bounce back on its plunge lows. Yes, it's bounced, but it's rolled over and is back south of the Fib 38% retracement line off that bounce. This isn't good...unless you're short....but let's see how it goes from here....

    G/L.

    Highlow
    American Net'Zen

  • Reply to

    Sale

    by boost1995 Aug 31, 2015 8:31 PM
    highlowsel highlowsel Sep 2, 2015 10:02 AM Flag

    Indeed.

  • highlowsel highlowsel Aug 28, 2015 9:05 AM Flag

    Bernstein: While I agree I'd alter your "good investment" comment to "good speculation." It's a Lotto ticket with no guarantees of success. So only go using such monies as you'd ordinarily spend on such a ticket when considering this equity. At least...for the time being. Because....as I said...there is no guarantee....

    Bid now $0.6272. Could be setting up for another sub $0.60 visit....

  • highlowsel highlowsel Aug 28, 2015 8:46 AM Flag

    Don't know from easy double but you may get your chance? Not sure the reason but current PM bid...$0.6451. This after closing yesterday at $0.7158

  • highlowsel by highlowsel Aug 28, 2015 8:15 AM Flag

    Man was the market induced hysteria of the mid-$14's a gift or what? Longer term MU at this level seems a no-brainer on the buy side. Just...don't think too hard about it? ;-) Let's see what happens today..

    Highlow
    American Net'Zen

  • Reply to

    take profit? yes or no

    by alfredjones90266 Aug 28, 2015 6:50 AM
    highlowsel highlowsel Aug 28, 2015 8:03 AM Flag

    Alfred:

    Same here, A bit lower than $8 though.. My time horizon is (was?) +5 years recognizing that FCX is at the nadir of its current cycle. But with the bid at $12.04 I might have to reconsider via the usual bird-n-hand philosophy. In any case what I'm doing is drawing a mental line a percentage south of that bid, at where I'll bail with profits in hand. While the bid stays (and advances?) north of that line let the pony run ratcheting your "stop" along behind it as it runs....if it continues to run. Easy to set up.....relatively painless/brainless...

    Just some thoughts,.

    Highlow
    American Net'Zen

  • highlowsel by highlowsel Aug 28, 2015 7:58 AM Flag

    Basically PM action is hitting the $16.30 ask. The bid got back (yesterday) on top of an older downtrend line that I mentioned before. Here in PM it's testing that line as support. $16.50 looks to be resistance since that's about where the bid gap'ed down to back on Aug 21. Above that line it's basically "air" to ~$16.80/$17. These are my (long/short) set-up metrics. Let's see what 'ol Master actually does with da Pooch.

    Highlow
    American Net'Zen

  • highlowsel by highlowsel Aug 27, 2015 4:30 PM Flag

    Some (of us) were having a discussion about this one at the sub $7.80 level just 2 sessions back. For some it was the usual squabble. For others it felt like on a +5 yr time horizon this one was dirt cheap. Me for one. During that period I started gathering cheapies with that time frame in mind. So color me pleasantly surprised by this validation of the thinking. With Icahn on board this one just got one hell of a lot more interesting. I can't say I like the guy. I can't even say I'm all that impressed with is style and demeanor. But there's no arguing he has that certain touch. So though past can never be considered prologue to the future where any one equity is concerned I will say this...."SIC 'EM CARL!" Errrrr....so to speak. As stated, the next few years should be very interesting....

    Highlow
    American Net'Zen

  • Reply to

    PM Bid $16.38

    by highlowsel Aug 27, 2015 8:57 AM
    highlowsel highlowsel Aug 27, 2015 3:41 PM Flag

    Nest: No real surprise to me. I will continue to maintain that until the size of that float is in some significant fashion reduced it allows, affords, indeed seems to mandate the chug and churn HFT's feasting on the intraday action. Consequently the equity will always be somewhat disconnected from the usual logic associated with the sector and its specific merits.

    Just my opinion of course. Bid $16.26.

  • Reply to

    PM Bid $16.38

    by highlowsel Aug 27, 2015 8:57 AM
    highlowsel highlowsel Aug 27, 2015 3:02 PM Flag

    There Poochie was less than an hour ago running and frolicking at ~$16.45. But you just knew the Master was setting it up....sure enough..,YANK! Bid now $16.16 yet again. Think I'll run down south of $16.10 and set a buy side traders trap. ;-) At least one thing remains true regardless; those teenies are a pain to get away from.....so where to into today's close? I suspect it's going to follow the market...and the Dow's been losing steam this PM....let's see how it all plays out...

    Bid $16.18.

  • Reply to

    Political Pinheads

    by gskowalski Aug 27, 2015 9:56 AM
    highlowsel highlowsel Aug 27, 2015 1:20 PM Flag

    Gskowalski:

    It's the price you pay for a free posting services. That and the SPAM. As a consequence of free there's usually a veritable tsunami of OT chatter/SPAM. With SPAM.....well...free ain't free after all...Yahoo has to get paid for this somehow. I'll admit it oft-times reduces this free service to a wasteland of uselessness. And it also does leave me wondering, sometimes, what kind of lives some of the posters have....like maybe...none? ;-) I flash on someone in their underwear, in a basement somewhere, wearing a tin-foil hat, living on koolaide, kibble and the like. You know...yer average American crank....and usually male to boot - because my perception is women tend not to engage in quite the fashion seen here.

    Anyway.... Free is fine...but useless is a whole 'nuther thing...a waste of time. I, for one, wouldn't even bother with these threads if it wasn't for one basic function. The ignore function. Use it liberally against every ID you deem superfluous or irrelevant and soon you'll find you've winnowed the threads you read down to those threadsters germane to the conversation. A side benefit is those ignored posters, who seem to reside within tribes that war against each other all across these threads, become invisible across the Yahoo Universe once you've flagged them to ignore. It certainly makes on-topic conversation a hell of a lot easier...

    Just some OT thoughts of my own. ;-)

    G/L. BAC bid now $16.40...

    Highlow
    American Net'Zen

  • Reply to

    PM Bid $16.38

    by highlowsel Aug 27, 2015 8:57 AM
    highlowsel highlowsel Aug 27, 2015 12:23 PM Flag

    Now at $16.38....say good-bye to the $16.teens? Let's see....and for all those who bought in over the last couple of sessions you can be forgiven for squealing "Weeeeeeeee!??!" ;-)

  • Reply to

    PM Bid $16.38

    by highlowsel Aug 27, 2015 8:57 AM
    highlowsel highlowsel Aug 27, 2015 10:22 AM Flag

    The dreaded teenies....in this case the $16.teens....is again proving to be the swamp-land of intraday action.

    Bid $16.15 and churning along....

  • highlowsel by highlowsel Aug 27, 2015 8:57 AM Flag

    The rebound continues. So far, though caused by possible exogenous factors, it looks like a double bottom test of the (original) 52 week low is successfully concluding? If it can get back on top a mid-March, 2014 downtrend line I've monitored, one that was started off the $17.75 line, I'll consider the current downtrend - the one that was signaled by the last few sessions - reversed....that line...right now...sits at ~$16.30 (on a 5 day chart). After that there are gaps to fill, swamps to clear (heh) and the rest....let's see if TA, plus overall analytical (talking) head positive chatter can pump up the volume on this chug and churn darling.

    A parenthetical aside...an overall comment...it has been one HELLACIOUS of a set of sessions this week hasn't it?

    Highlow
    American Net'Zen

  • highlowsel highlowsel Aug 27, 2015 8:13 AM Flag

    I grabbed tranches south of that line on Tuesday's yank to ~$0.56. Can't claim any talent, more to the point just had a low-ball "for grins" bid waving down there that was open and got hit. So you could say with the bid right now at $0.71 in PM that my "sell it" trigger finger is getting twitchy. ;-) But let's see how the day goes...

    Highlow
    American Net'Zen

  • Reply to

    PM Bid $15.63

    by highlowsel Aug 26, 2015 8:05 AM
    highlowsel highlowsel Aug 26, 2015 12:36 PM Flag

    Bid $15.37/8. So far Master is keeping Poochie under that mentioned downtrend line....and appears to be lining the set-up to be one of having Poochie end the day somewhat north of .40....more or less around the same area at which that line ends the day. That's if the buy side is lucky.....if not then the day ends with a rout like yesterday and the bid closes red...but it'll be interesting to see how this plays out...the session opening upside gap is once again closing...and volume on this walk-down is declining...so maybe some sort of equilibrium is being reached....though....being up 10pennies (right now) leaves more downside room....

BAC
15.94+0.09(+0.57%)Sep 3 4:01 PMEDT