Friday, November 17, 2006

 

Sector Spotlight: Metals

Nothing pleases an asshole dip buyer more than a down market. With the Nazz in the red here (-6), I feel the "powers that be" will give it a college try to make it green-- by days end.

Today, if you are long the Metals, you are certainly feeling your oats-- with monster gains in X, STLD, and NUE. I like the sector and feel it is cheap.

As for Tech:

I like the action in SNDK and KLAC. However, for the most part, the Techies are taking the day off-- as all of you fuckers are waiting to buy NYMEX. Please.

Finally, I am taking a close look at SWN and CHK. Has anyone noticed, despite fucking tropical-like weather in NYC, natural gas is now trading @ $8.11? I'm thinking of getting out of my lounge chair, putting the pina-colada down, and buying me some SWN (my favorite natural gas stock).

The following Metal stocks have mojo:

X +8.7%
STLD +4.9%
CLF +4.6%
NUE +4.4%
ATI +3.7%

# posted by Broker A @ 12:40 PM
Comments:
Where's that goon from yesterday that said I was dumb for buying NMX Ipo. I picked up 500 and sold within 10 mins for a 10k profit. Munch on that fucker.
# posted by Anonymous Anonymous : 1:03 PM
 
You are a madman.
# posted by Blogger Broker A : 1:06 PM
 
A richer madman, at the moment.
# posted by Anonymous Anonymous : 1:37 PM
 
I like CHK but it has been stuck in the mother of all trading ranges the entire year. It's hedged so it's not going down a lot but jeez, what'll make it go up?

NG stocks need hot summers and hurricanes and cold winters. They're almost a bet on the weather.
# posted by Anonymous Anonymous : 2:27 PM
 
Broker, you buying metals now?
# posted by Anonymous Anonymous : 2:35 PM
 
Not yet. I am eyeballing them, especially ERS.
# posted by Blogger Broker A : 2:50 PM
 
you keep saying u "feel" stuff is cheap- wgaf. nmx was feelin cheap at 120 w/ zero 1min lower lows until up around 150.
# posted by Anonymous Anonymous : 3:01 PM
 
Fuck you and the NYMEX.
# posted by Blogger Broker A : 3:05 PM
 
Broker: what is your opinion surrounding the new taxes on all Canadian trusts. I own PWI and PWE for purely income and got clobbered of late. Do you think they will pass this ruling? Know anyone who knows more about this?

Thanks in advance for your insights.
# posted by Anonymous Anonymous : 3:29 PM
 
I do think it will pass. However, I also believe that if that law passes, American LBO's will buy it from the Canadian fuckers and domicile them here.

The trusts will be a buy, once the law passes.
# posted by Blogger Broker A : 3:31 PM
 
bad news, you are dumb--but lucky too. And thats all that counts in the stock world. Congrats on an easy 10g's.
# posted by Anonymous Anonymous : 3:39 PM
 
True.

Congrats. Spend it well.
# posted by Blogger Broker A : 3:41 PM
 
Oh do not worry guys, I will put profits in the next hot IPO and let everyone bash on me once again.
# posted by Anonymous Anonymous : 3:53 PM
 
Post a Comment



<< Home

This page is powered by Blogger. Isn't yours?

 Subscribe in a reader

DISCLAIMER: This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.