Just one of those days with too much going on. Quick hits.
Overloaded
My wife had a second interview for the kind of job she has been wanting for a long time. It went very well and I am so hopeful she gets this position. I know it's goofy, but if anyone wants to throw a little hope for my wife's prospects for the job this way, I would welcome them. It is a perfect fit and a real leg up.
It was super busy at real work today, so that added to it all.
Where to start?
Earnings Lotto
I held AMRC for earnings lotto today for two reasons. One, it is a very small position. Two, I wanted to play! I can say it was wild waiting for the wires to show the numbers then see market reaction. Well, both sucked. How a company has interest rate issues in a ZIRP world (anyone explain that one??) I have no idea but that thing gapped down 12% plus at the open. I had no stops set so I was like "well, it's not 20%!" and stopped looking at it. By days end, AMRC was down a whopping 4% and I am down 6% on the position. What a ride. I will hold for a dead cat bounce but I am done with AMRC. I missed this call (strange pattern I had seen that would either be very good or very bad) so I made a lotto bet. I lost. It happens.
Stellar Solars
I exited my two solar stock positions before lunch today:
JASO +9.2%
YGE +7.3%
These two were large positions and I am not playing earnings lotto with things in size. Thanks go to chessNwine for the scalped picks, nice call!
I am still holding COCO and PRSP, both up around 3.5% and watching.
What Else?
Did you all see that the Stardust program caught amazing pictures of another comet? So wild.
Ok, I am done.
Have a good night.
Showing posts with label AMRC. Show all posts
Showing posts with label AMRC. Show all posts
Thursday, February 17, 2011
Wednesday, February 16, 2011
Quotable Wednesday
I am running way late tonight so just a few items I found today.
In Communist China, Data Not Needed to be Seen by You
I wrote the other night about China changing their basket of weightings for the CPI as food prices are making it run too hot. I read around and saw that many felt lowering the food component made sense, as China is a maturing as a society and thus food becomes a lower part of the basket. I get the logic, but seems to me like this could have been done 3 years ago, or three years from now. Why right this very minute when prices are rolling higher? Exactly.
Not one to learn from my own mistakes, I saw today that China will now scrap a national housing price index that is closely watched because, well they did not say but I think you can guess. As a society matures they use less housing and all after or something. In any case, here is Trader Mark's take:
Limited Attention Spans
Monopoly Live gets a special treatment by Kid Dynamite today. The new game uses, what else, automated game runner so you don't have to be too involved in the game. Nice. Here is Dynamite letting it rip:
I have been saying this sort of thing for a long time.
Be the Burger, not the Bun
Over at iBankCoin, The Fly has the leading "quote of the year" candidate going in my book. Here he is:
Market News
I played some names on Monday, here is where I sit:
JASO +8%
YGE +7%
COCO +3.7%
PRSP +4%
I am looking to unload JASO and YGE ahead of earnings lotto on Friday. COCO is doing just ok. PRSP looks like it may run a bit.
I have decided to play earnings lotto with AMRC tomorrow! Wish me luck, but you know these things tend to end badly.
Have a good night.
In Communist China, Data Not Needed to be Seen by You
I wrote the other night about China changing their basket of weightings for the CPI as food prices are making it run too hot. I read around and saw that many felt lowering the food component made sense, as China is a maturing as a society and thus food becomes a lower part of the basket. I get the logic, but seems to me like this could have been done 3 years ago, or three years from now. Why right this very minute when prices are rolling higher? Exactly.
Not one to learn from my own mistakes, I saw today that China will now scrap a national housing price index that is closely watched because, well they did not say but I think you can guess. As a society matures they use less housing and all after or something. In any case, here is Trader Mark's take:
As the world leaders, other countries look up to us. We have taught them well... the Chinese are getting very inconvenienced by the data coming out of their property index reports. Now let's be honest, just about anything coming out of China has to be taken with a dump truck worth of salt, unless you are a CNBC commentator. Or HFT computer which must react to data in 1/4000th of a second. So in no way am I implying this report was very accurate.... even with the best of intentions trying to measure a country so vast, with such variances in development would be difficult. But it was watched by both the masses of people (who apparently were getting frustrated with what they saw) and outside observers, considering the genesis of the Chinese economy is "property building".Epic.
Solution to a report where you don't like the answers?
No more report. That will teach the statisticians to put out data the central command does not like.
Limited Attention Spans
Monopoly Live gets a special treatment by Kid Dynamite today. The new game uses, what else, automated game runner so you don't have to be too involved in the game. Nice. Here is Dynamite letting it rip:
Oy vey – indeed – because American ingenuity, financial awareness and reinforcing capitalism would be terrible things to teach our children these days. (Sarcasm alert again!) Monopoly Live is indeed perfect for our times – press a button and watch as things are done for you. You don’t even need to strain yourself rolling the dice. What will the kids do when they Mighty Tower runs out of batteries or malfunctions? Complain about it on Facebook I guess…
-KD (Angry Old Man – all of 34 years old)
I have been saying this sort of thing for a long time.
Be the Burger, not the Bun
Over at iBankCoin, The Fly has the leading "quote of the year" candidate going in my book. Here he is:
The only logical thing to do, when faced with such egregious forms of “non-inflation,” is to milk the farmer, ahead of the planting season. Farmers will be spending money like rappers this spring. Count on that. Just going off the back of a napkin here, I reckon the shares of AGU, MOS, DE, CF, TEX, CAT, BG, MON, ANDE, LNN, VMI, just to name a few, are going a lot higher. Ya’ll fuckers need to recognize this shit right here and stop thinking you are outside the bun. You stupid motherfuckers: you are the bun and Bernanke is hungry for some burger. All of you are simply afterthoughts in the big scheme of things.WINNER!
Market News
I played some names on Monday, here is where I sit:
JASO +8%
YGE +7%
COCO +3.7%
PRSP +4%
I am looking to unload JASO and YGE ahead of earnings lotto on Friday. COCO is doing just ok. PRSP looks like it may run a bit.
I have decided to play earnings lotto with AMRC tomorrow! Wish me luck, but you know these things tend to end badly.
Have a good night.
Thursday, February 10, 2011
How Will We Define a "Correction" in the Current Market?
Almost Friday! I need this one big time, been a long week. Be sure to get your request in for Friday Night, the cupboard has been bear for some time. I hope a friend of mine has a minute to select the opening song for the night, or anything else for that matter.
AMRC: Should I Play Earnings Lotto?
A little while ago I entered in a small position for the stock AMRC. They do energy saving stuff or some crap, when you are chart looking you have to ignore things like details. Anyways, it has gone no where since I bought it and I wanted to dump it for a small loss before their earnings set for February 17, which is next Thursday.
Maybe I am bored but I was leaning towards holding this stock in to earnings and playing Earnings Lotto! Just like last night, maybe lotto is in our blood! Either I can grab the bump up I was looking for (+10% or so) or I will get dusted for 20-30% on the downside. Great risk-reward setup! I will put up a poll (top left) and you can vote on it, though I may not actually do what the winning response is. Have at it!
Attack of the Killer Apps
Not quite "Attack of the Killer Tomatoes" or "Killer Clowns from Outerspace" but here it comes!
Leigh Drogen of Surfview Capital has to be the most dialed in writer I read on all things new tech. While I basically disagree with him on almost everything, I am an old fogey after all, I cannot argue that he sees trends way before they happen.
In a post today Drogen discusses the company Munchly and this is his description:
I have serious questions on the logistics of such a service. How many runners per seller stand will have to be available for every stadium? What will the wait time be? How much more will it cost? Alcohol sales will be an issue I think due to age verification laws and such. Call me a cynic but at a playoff game when you are NOT GOING to leave your seat, this thing just might fly. Plus, most people are crazy lazy so this may just work! Leave a comment here or over at Leighs site with your thoughts as I am super interested in what people think about this.
As an aside: I will call an App bubble when:
You are in a stall doing your business, notice there is no toilet paper, and in true "spare a square" fashion dial up your phone to get paper delivered to your stall location. Indeud.
How Will We Define a "Correction" in the Current Market?
I am running way late so another idea I was rolling around the past few days.
Call it "The Bernank" market; the "Generational Rally" market; the "Never Ending Story" market; or the "Buy the Fuc&ing Dip" market this baby is downright sick in the ascension higher. So what is a "correction" in such an atmosphere? I do not think many people have thought about this and it can pose problems if one should occur. I did not say "if and when" on purpose by the way.
Save for the run down last summer, this market has not moved lower at all for, well forever. What would a correction be as opposed to a dip?
Investopedia offers this:
A dip I guess would be 1-3%.
Instead of getting caught up in what a correction vs a dip would be, I would point out that anything less than 10% is not going to scare anyone and this sets up a nasty dynamic.
Trading volume is ultra, mega low. All you perma bulls have to admit participation is limited at best, just go ahead and say it. Margin is very high however. Not a good mix.
I see an very real possibility for a major distribution move where markets may "correct" 10% with dumb money buying all the way and then a total rout occurring. This possibility is very real and I would not ignore it. What better way to stick it to the little guy once again, nice.
That said, now is not the time. Many are worried about QE 2 ending in the early summer, but I am not even worried until maybe next fall. We shall see.
Have a good night.
AMRC: Should I Play Earnings Lotto?
A little while ago I entered in a small position for the stock AMRC. They do energy saving stuff or some crap, when you are chart looking you have to ignore things like details. Anyways, it has gone no where since I bought it and I wanted to dump it for a small loss before their earnings set for February 17, which is next Thursday.
Maybe I am bored but I was leaning towards holding this stock in to earnings and playing Earnings Lotto! Just like last night, maybe lotto is in our blood! Either I can grab the bump up I was looking for (+10% or so) or I will get dusted for 20-30% on the downside. Great risk-reward setup! I will put up a poll (top left) and you can vote on it, though I may not actually do what the winning response is. Have at it!
Attack of the Killer Apps
Not quite "Attack of the Killer Tomatoes" or "Killer Clowns from Outerspace" but here it comes!
Leigh Drogen of Surfview Capital has to be the most dialed in writer I read on all things new tech. While I basically disagree with him on almost everything, I am an old fogey after all, I cannot argue that he sees trends way before they happen.
In a post today Drogen discusses the company Munchly and this is his description:
No More Waiting in Lines at the StadiumGreat hook! A little more:
You’re at the ballpark and you’ve just found your seat when that sweet smell of beer and hot dogs hits you smack in the face. You don’t stand a chance against it; your will to stick with that 2,500 calorie diet is toast. You’re about to make a run for the concession stand to stuff your face when your favorite player steps up to the plate with two on and two out. Either that hot dog is gonna wait, or you’re gonna miss the game.
The people at Munchly are about to solve your conundrum in a rather simple, but genius way.
In a matter of months, select sporting venues and movie theaters will begin a pilot program allowing patrons to order from concession stands with their smart phones. Certain venues will then deliver your grub to your seat, and some will alert you when your order has been filled so that you can run up and grab it. No more waiting on lines.You need to swing over and read the whole thing.
Yeah, I know, you want to throw a brick at your computer screen and scream, “Why didn’t I think of that!” Sorry, Greg Pelly and Andrew Tider, the co-founders of Munchly, beat you to it. I had a chance to view a demonstration of the Munchly application at the New York Tech Meetup earlier this month. Besides being hilarious with their routine, which is part demonstration, part comedy act, they basically had the room saying, “About damn time!”
I have serious questions on the logistics of such a service. How many runners per seller stand will have to be available for every stadium? What will the wait time be? How much more will it cost? Alcohol sales will be an issue I think due to age verification laws and such. Call me a cynic but at a playoff game when you are NOT GOING to leave your seat, this thing just might fly. Plus, most people are crazy lazy so this may just work! Leave a comment here or over at Leighs site with your thoughts as I am super interested in what people think about this.
As an aside: I will call an App bubble when:
You are in a stall doing your business, notice there is no toilet paper, and in true "spare a square" fashion dial up your phone to get paper delivered to your stall location. Indeud.
How Will We Define a "Correction" in the Current Market?
I am running way late so another idea I was rolling around the past few days.
Call it "The Bernank" market; the "Generational Rally" market; the "Never Ending Story" market; or the "Buy the Fuc&ing Dip" market this baby is downright sick in the ascension higher. So what is a "correction" in such an atmosphere? I do not think many people have thought about this and it can pose problems if one should occur. I did not say "if and when" on purpose by the way.
Save for the run down last summer, this market has not moved lower at all for, well forever. What would a correction be as opposed to a dip?
Investopedia offers this:
What Does Correction Mean?So last summer meets the criteria roughly.
A reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index. Corrections are generally temporary price declines, interrupting an uptrend in the market or asset.
A dip I guess would be 1-3%.
Instead of getting caught up in what a correction vs a dip would be, I would point out that anything less than 10% is not going to scare anyone and this sets up a nasty dynamic.
Trading volume is ultra, mega low. All you perma bulls have to admit participation is limited at best, just go ahead and say it. Margin is very high however. Not a good mix.
I see an very real possibility for a major distribution move where markets may "correct" 10% with dumb money buying all the way and then a total rout occurring. This possibility is very real and I would not ignore it. What better way to stick it to the little guy once again, nice.
That said, now is not the time. Many are worried about QE 2 ending in the early summer, but I am not even worried until maybe next fall. We shall see.
Have a good night.
Friday, February 4, 2011
Trapped Under Ice Friday
Damn Ice Dams
I was home yet again today after waking up at 5am, going downstairs to find a nice water fountain coming in the living room bay window. The culprit, ice dams! I had to wait for the sun to come up to get after it.
There was huge ice buildup over the window and all on the front of the house (it's a Gambrel style). I took out my 8 foot ladder, a hammer, a crowbar and set off to work. I got most of the ice away from over the window, but the huge ice block on the front of the roof was hard to dislodge. After a few attempts I felt a strange warning in the Force. Seconds later I saw a 75 pound block of ice (yes I weighed it on the bathroom scale!) come flying down the front of the house right at me! I was on the second to last top rung of the ladder! I calmly pivoted my upper body and pushed the ice block off to the side and onto the ground. I can say it was amazingly skillful and quick, like a ninja. Glad that's over for now but I cannot even bribe a roofing firm to remove the snow and ice damns from the roof as they are all too busy. Maybe a mind trick will work?
You Win Some and You Lose Some, and Others You Miss
I was stopped out of my HSY trade this morning at $49.80. In at $46.79 so I pocketed a cool +6.5%. Just missed my $50 target but it was there. If HSY breaks over $51 I may rebuy but it has been turned away from that top quite a few times.
I am still holding AMRC, a small position. Still think a bounce is ready to go, but I am down a bit on the stock (-3%) so I will not let it go much further.
I was shocked that I still held my OMEX shares at $2.90 and today it rolled to $3.60! Not bad for a 2 year hold, LOL! I actually forgot I still had this position until I started trading again. Nice!
The big regret? TRCR which I showed you all in this post on January 24th. What I saw was a repeating higher double high pattern, it is almost fractal like! Here was the chart that night:
After today's 2.8% move up:
Now this may not be the next move up, and I may just be imagining things but I had wanted an entry here but just never got to it. A friend of mine went in after reading that post and is happy so far. Hey bud, your welcome!
As for anything else, I am too tired. While destroying ice with a hammer has it's rewards, something feels very out of place where my right clavicle meets my right shoulder. No it's not just soreness, I probably bent something. Wonderful. Also the Bernanke speech from yesterday still has my furious that such a total apechit clown runs the FED and is not run out of town post haste. As such, macro stuff will have to wait for another post. Off to the fun stuff.
Friday Night Entertainment
I will endure serious pain to bring you the fun we all so richly deserve!
Funny Videos
These two are MUST see video!
A pug dog (not mine sadly) that yells "BATMAN" was around a while ago. Now he has been set to the Batman TV show theme and it is get out funny:
LOVE IT!
This may be the greatest commercial ad of ALL TIME!:
The team that made this ad are brilliant! How the kid captures the perfect moment at the :50 second mark I have no idea. If I was not in love in a weird way with my Infiniti G35X I would visit a VW dealership on this commercial alone. Try the real force kid, hee hee.
Did You Know?
It's that time again to grow neurons with Did you know!
-Ice dam war can be fought by stuffing nylons with Magnesium Chloride and pacing them on trouble spots? Just don't use black fishnet garters or you may get complaints from the neighbors.
-I missed this from January 28th, but did you know EconomicDisconnect stayed home from school to watch the space shuttle Challenger launch way back in 1986? My mother and I just sat there without saying a word, for a long time.
-Io, one of Jupiter's moons, is seriously strange?
-Hadrian's Wall is thought to be the last great work of Rome?
Rock Blogging
Wow, I am running way late! Must be my busted shoulder. On to the tunes.
Loyal reader Gawains, who is suffering in Texas under cold conditions and like 3 inches of snow (WIMP!!!), would like George Thorogood and the Destroyers hit "I Drink Alone", which works out if no one is around. I mean why not drink alone?:
Love this tune.
Ok, if your name is not Josh Brown you may not be into Hip hop. I am not really, but I do adore Lil Kim. Here is Sugar (Gimme Some) by Trick Daddy and crew:
"Lil Kim's eye candy baby!" Indeud. Call me Kimmy darlin.
Ok, after that I need the 80's! How about Europe and "Carrie"?:
MEGA vocals on that guy.
One of my all time favorite songs, and one I will mat the gas pedal to anytime, is Iron Maiden's masterpiece "Hallowed be thy Name". How about on Piano via by Scott Lavender?:
So sick it hurts. What a great job.
Two left! Two left and I am one armed at this point!
In case you missed it, I was best friends with all the future scientists in the band Man Bites Back in college. While they pursued other endeavors than music, I love this song "Ghetto Starlight":
Kick ASS!
Last call and my right shoulder is happy, but I am sad!
In regards to the never ending Bernanke market assault on new highs no matter the cost, take a crowd WILD ride with Rage Against the Machine and "Bulls on Parade". The crowd at this show was so amped:
Bad shoulder and all I want to jump!
Have a good night.
I was home yet again today after waking up at 5am, going downstairs to find a nice water fountain coming in the living room bay window. The culprit, ice dams! I had to wait for the sun to come up to get after it.
There was huge ice buildup over the window and all on the front of the house (it's a Gambrel style). I took out my 8 foot ladder, a hammer, a crowbar and set off to work. I got most of the ice away from over the window, but the huge ice block on the front of the roof was hard to dislodge. After a few attempts I felt a strange warning in the Force. Seconds later I saw a 75 pound block of ice (yes I weighed it on the bathroom scale!) come flying down the front of the house right at me! I was on the second to last top rung of the ladder! I calmly pivoted my upper body and pushed the ice block off to the side and onto the ground. I can say it was amazingly skillful and quick, like a ninja. Glad that's over for now but I cannot even bribe a roofing firm to remove the snow and ice damns from the roof as they are all too busy. Maybe a mind trick will work?
You Win Some and You Lose Some, and Others You Miss
I was stopped out of my HSY trade this morning at $49.80. In at $46.79 so I pocketed a cool +6.5%. Just missed my $50 target but it was there. If HSY breaks over $51 I may rebuy but it has been turned away from that top quite a few times.
I am still holding AMRC, a small position. Still think a bounce is ready to go, but I am down a bit on the stock (-3%) so I will not let it go much further.
I was shocked that I still held my OMEX shares at $2.90 and today it rolled to $3.60! Not bad for a 2 year hold, LOL! I actually forgot I still had this position until I started trading again. Nice!
The big regret? TRCR which I showed you all in this post on January 24th. What I saw was a repeating higher double high pattern, it is almost fractal like! Here was the chart that night:
After today's 2.8% move up:
Now this may not be the next move up, and I may just be imagining things but I had wanted an entry here but just never got to it. A friend of mine went in after reading that post and is happy so far. Hey bud, your welcome!
As for anything else, I am too tired. While destroying ice with a hammer has it's rewards, something feels very out of place where my right clavicle meets my right shoulder. No it's not just soreness, I probably bent something. Wonderful. Also the Bernanke speech from yesterday still has my furious that such a total apechit clown runs the FED and is not run out of town post haste. As such, macro stuff will have to wait for another post. Off to the fun stuff.
Friday Night Entertainment
I will endure serious pain to bring you the fun we all so richly deserve!
Funny Videos
These two are MUST see video!
A pug dog (not mine sadly) that yells "BATMAN" was around a while ago. Now he has been set to the Batman TV show theme and it is get out funny:
LOVE IT!
This may be the greatest commercial ad of ALL TIME!:
The team that made this ad are brilliant! How the kid captures the perfect moment at the :50 second mark I have no idea. If I was not in love in a weird way with my Infiniti G35X I would visit a VW dealership on this commercial alone. Try the real force kid, hee hee.
Did You Know?
It's that time again to grow neurons with Did you know!
-Ice dam war can be fought by stuffing nylons with Magnesium Chloride and pacing them on trouble spots? Just don't use black fishnet garters or you may get complaints from the neighbors.
-I missed this from January 28th, but did you know EconomicDisconnect stayed home from school to watch the space shuttle Challenger launch way back in 1986? My mother and I just sat there without saying a word, for a long time.
-Io, one of Jupiter's moons, is seriously strange?
-Hadrian's Wall is thought to be the last great work of Rome?
Rock Blogging
Wow, I am running way late! Must be my busted shoulder. On to the tunes.
Loyal reader Gawains, who is suffering in Texas under cold conditions and like 3 inches of snow (WIMP!!!), would like George Thorogood and the Destroyers hit "I Drink Alone", which works out if no one is around. I mean why not drink alone?:
Love this tune.
Ok, if your name is not Josh Brown you may not be into Hip hop. I am not really, but I do adore Lil Kim. Here is Sugar (Gimme Some) by Trick Daddy and crew:
"Lil Kim's eye candy baby!" Indeud. Call me Kimmy darlin.
Ok, after that I need the 80's! How about Europe and "Carrie"?:
MEGA vocals on that guy.
One of my all time favorite songs, and one I will mat the gas pedal to anytime, is Iron Maiden's masterpiece "Hallowed be thy Name". How about on Piano via by Scott Lavender?:
So sick it hurts. What a great job.
Two left! Two left and I am one armed at this point!
In case you missed it, I was best friends with all the future scientists in the band Man Bites Back in college. While they pursued other endeavors than music, I love this song "Ghetto Starlight":
Kick ASS!
Last call and my right shoulder is happy, but I am sad!
In regards to the never ending Bernanke market assault on new highs no matter the cost, take a crowd WILD ride with Rage Against the Machine and "Bulls on Parade". The crowd at this show was so amped:
Bad shoulder and all I want to jump!
Have a good night.
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