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The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Tuesday, June 05, 2007

I think China is very oversold and is ready to rebound.

China isn't going to crash. While the chinese people are buying stocks left and right and selling their real estate to do it, i am told they don't have margin trading over there.

46 Comments:

Blogger beanie11111 said...

Jeff Bezo says his company is investing big in China.

Tue Jun 05, 05:20:00 AM EDT  
Blogger gosu said...

Everybody is investing in China. The only real growth story is China. If it aint China, there is no growth. Not for US companies.
The future growth belongs to BRIC countries.
China growth rate - 10%.
US growth rate - 0.6%.

Tue Jun 05, 08:08:00 AM EDT  
Blogger edvise said...

Hi Beanie
Do you know what happened to STG? (Stonepath Group)? Also I think PPHM is a buy soon. What do you think? They have more cash than most biotech plays.

Tue Jun 05, 09:51:00 AM EDT  
Blogger beanie11111 said...

Don't know what to buy? Remember our 'bargains delight' list!

Tue Jun 05, 10:04:00 AM EDT  
Blogger beanie11111 said...

FWLT on fire!

Tue Jun 05, 10:12:00 AM EDT  
Blogger beanie11111 said...

I really like AMGN at these levels.

No brainer

Tue Jun 05, 10:19:00 AM EDT  
Blogger jet said...

TSL has bottomed. WWAT.OB doing very well

Tue Jun 05, 10:39:00 AM EDT  
Blogger JakeGint said...

Beanz... agreed. Another great one for the "buy it and fugheddaboudit" IRA.

_____________________

BRLC showin' a little moje again... trying to bust that old old fib line at 6.27.

Tue Jun 05, 10:43:00 AM EDT  
Blogger JakeGint said...

It amazes me how dead this site gets on a down day.

Does everyone just head for the foxholes, or what?

Tue Jun 05, 11:55:00 AM EDT  
Blogger Unknown said...

I am licking my wound from JSDA. Not time to think now....
Just waiting to get JSDA to turn around...

unhappy camper,

oozze

Tue Jun 05, 12:09:00 PM EDT  
Blogger Unknown said...

This place has been dead ever since the anons stopped posting. I ve been doing some research on ENCY...will post here when done

Tue Jun 05, 12:12:00 PM EDT  
Blogger QQQQ said...

Or they are busy bottom-fishing :)

Does everyone just head for the foxholes, or what?

Tue Jun 05, 12:16:00 PM EDT  
Blogger DoHateBBOX said...

There used to be almost 100 posts a day here. Now 13???

Interesting, I'm thinking Beanie needs to get back on track, which I know he will, just has to stop making over-projections and go back to "old" Beanie!

AAPL and WFR are the only two I need right now--GL!!


Ohhhh...I see, no more anon posts, now that makes some sense.

Tue Jun 05, 12:24:00 PM EDT  
Blogger TraderB said...

Covered my JSDA short today.

Get long SILC and NVTL both going to at least $30 and I consider that conservative.

Good luck!

Tue Jun 05, 12:25:00 PM EDT  
Blogger beanie11111 said...

Cramer give FWLT another pump today. Going higher.

Tue Jun 05, 01:52:00 PM EDT  
Blogger beanie11111 said...

FWLT going to 175 this year is my opinion. You be happy if you own some options several months out.

Tue Jun 05, 01:57:00 PM EDT  
Blogger Unknown said...

Daaaymm ENCY on fire..Thanks for the tip Max/M, I owe you one buddy

Tue Jun 05, 02:09:00 PM EDT  
Blogger Unknown said...

yupe,
Thks Max/M.

oozze

Tue Jun 05, 02:28:00 PM EDT  
Blogger Arun said...

damn.. everything i have is up today while the dow is down 100, nasdaq -15.

Tue Jun 05, 02:51:00 PM EDT  
Blogger zstock7.com said...

I can buy the GAS jn45 call for 1.20 and my sell target price is 3.50..... 3.50 was calculated a week ago. Holding AVR and AEP. REGN is at the gap = 19.60= 80/20. Cree is 30 cents away from, my 2nd try, trying to short that at 27.0 = 60/40, or 70/30. does anyone own a lexmark? (LXK)..I think its a buy..any brave souls out there Ntri at 70, and someone should at least start buying Puts on this thing.
zee

Tue Jun 05, 03:07:00 PM EDT  
Blogger JakeGint said...

Who backed up some truck on DNDN?

And STP?

And ENCY?

I'm beginning to like Peter Lorre's grandson...

Tue Jun 05, 03:29:00 PM EDT  
Blogger JakeGint said...

Hate Lexmark... hate their stupid rip you off business model too.

Are you really going to step in front of the CREE bus again?

Haven't you ever seen that Sandra Bullock movie?

Tue Jun 05, 03:30:00 PM EDT  
Blogger JakeGint said...

For some reason, a lot of things for my extra ridiculoulsly long hold for your grandchildren's children portfolio are looking good right now.

Another is FDG, Fording Canadian Coal... at 29.58 -- miner of coking coal. Buy, hold, enjoy the dividends and DRIP them if you're young, eat them if you're old(er).

Tue Jun 05, 03:40:00 PM EDT  
Blogger jet said...

Arun, same here, almost everything is up on market down, nothing to "damn" about, I guess. Solars are running up again.

Tue Jun 05, 03:42:00 PM EDT  
Blogger beanie11111 said...

Why aren't you guys already in GOOG?

lol

Tue Jun 05, 03:56:00 PM EDT  
Blogger jet said...

Well I have been in GOOG since 440, I wish I bought more though. Xnn (way old recommendation from before) finally broke 3, nice....

Tue Jun 05, 04:03:00 PM EDT  
Blogger beanie11111 said...

GOOG to 800 by year end 2008?

Tue Jun 05, 04:03:00 PM EDT  
Blogger dmyegorov said...

Beanie,

What is your opinion on EBAY ?

Thanks!

Tue Jun 05, 04:03:00 PM EDT  
Blogger beanie11111 said...

dimitry,

EBAY isn't really growing with their auctions anymore, as several people have told me. There seems to be less buyers and sellers in their marketplace. Perhaps due to lack of trust because everyone's been burned before. I like AMZN alot more than EBAY.

EBAY still got Paypal and Skype though.

EBAY will survive.

Next support (strong) at 31.40 and if it doesn't hold, it's going to 25.

Tue Jun 05, 04:40:00 PM EDT  
Blogger Unknown said...

thanks for the kind words, amigos.
(although i wonder how kind they would've been if all my stocks tanked :)

wow...all 5 were on fire for a while there until they settled down towards the end...

couple of things to remember:

1. CRME - do NOT sell until next week until after the next PR hits (will be soon). we'll be at $11+ soon.

2. DNDN recap- contrary to master beanie's opinion (sorry, beanz), do NOT short DNDN at this time. hold and sell only on or around 6/14.

3. ENCY - we hit $5 today itself (i was thinking later this week) before it dropped again. but high 9m volume, and it will show up on radars as we inch closer to 6/15. remember, a la DNDN, there's a good chance that FDA will make their decision before the 6/15 date, so you could get hit with a surprise when you wake up one fine morning between now and then. if you wanna stay safe, sell half on a 30-50% gain (we're already at 20%), and ride the cheap shares for a while. remember, there are 2 catalysts for ENCY: the first is its own thelin approval, and second is FDA decision on GILD's Ambi. If we get approval before 6/15 (say early next week), do NOT sell until 6/18. If GILD gets an approvable, ENCY will be on fire.

4. HDY - only my disclaimer that you're responsible for your own actions on this stock. looks like Guinea might need all of this week to decide on the 2006 PSA. remember, it's not about contract revenue sharing as much as it has to do with their willingness to honor the signed contract. as long as they say yes, HDY will climb.

good luck, and i'll post my super-speculative penny stock here tonight or tomorrow.

baby lorre.

Tue Jun 05, 04:53:00 PM EDT  
Blogger zstock7.com said...

Here’s tons of utilities, AND UTILITY stock prices just keep getting hotter and hotter. They are almost all at the point, where you could just blindly buy any of them, and make a profit..

Aes aye aep bkh cnl elp dte d duk dqe eix ee ede etr fe fpl gxp he ida itc nu nrg nst oge ora ottr pom pnw ppl pgn psd rri sre so sze te txu uil uns xel

zee-ster

Tue Jun 05, 05:07:00 PM EDT  
Blogger gosu said...

LVS looks ready to break out. Target 90.

Tue Jun 05, 05:08:00 PM EDT  
Blogger zstock7.com said...

Utility / diversified
ale lnt aee ila ava cnp chg cms egr ed ceg cva dpl eas epg exc fpu mdu mgee ni nwec pcg pnm peg scg srp ugi uu utl wr wec

Utility Gas
Atg ato egn eqt kse kmi lg nfg njr gas nwn oke pny str sji sug swx wgl
zee-on

Tue Jun 05, 05:27:00 PM EDT  
Blogger JakeGint said...

Zee-- just like you to leave out my favorite.

NWN.

Whatsamattah, you don't like the Great Northwest? Or liquefied natural gas PORTS..?

Yes. Ports.

Tue Jun 05, 05:28:00 PM EDT  
Blogger JakeGint said...

Lorre, doin' a helluva job.

Your at least a foot and and half back from the edge of the plank... no problem.

Two feet, maybe even.

Tue Jun 05, 05:29:00 PM EDT  
Blogger beanie11111 said...

The bears are finished! If not soon, they will be the last quarter of this year.

finished! finito! sayonara! Bears be gone! poof..

Tue Jun 05, 06:37:00 PM EDT  
Blogger CATCHERNTHERYE said...

Back from a long needed vacation/bender in central america and need to make some cash. Seems like aint changed much in the markets tho

I think TSL may have a bounce or two, but @$37 is the bottom in my opinion.

SWN still moving up
my sloth HGRD up 15% since the call
JSDA still got downside room IMO
Said I didn't like WFMI when beaniee called it , and still dont, Its got more downside coming.
TBH target dead on.

Cube puts hurtin but rolled into new and still expecting some short downside before a new upleg , [but not so sure anymore]

M's picks were awesome, what a great couple of gains!

Tue Jun 05, 10:14:00 PM EDT  
Blogger zstock7.com said...

Jake, NWN is in the list, under Utilities, natural gas, and where / what are ports?
zee-bop

Tue Jun 05, 11:02:00 PM EDT  
Blogger Alok said...

Ok China is a total surprise, again its up today so far that is, god knows what will happen when we wake up tomorrow morning.

Wonder if ONT and FPRT will continue their run tomorrow.

biotech and drugs are getting back in favor. MEMY looks like it should continue its run from here to retest highs.

Wed Jun 06, 12:03:00 AM EDT  
Blogger beanie11111 said...

China might want to go lower for the 200dayMA, that's ideal. If so, expect a few more days of pounding after the dead cat bounce.

Wed Jun 06, 01:25:00 AM EDT  
Blogger gosu said...

1% decline imperative in stocks today?

Wed Jun 06, 08:37:00 AM EDT  
Blogger gosu said...

beanie11111 said...

The bears are finished! If not soon, they will be the last quarter of this year.


Doesnt look like that. With the treasury yield at 5%, people moving their money to safety.

Wed Jun 06, 08:42:00 AM EDT  
Blogger Dan Fox said...

Guys take a look at NGS & TATTF.

Bolling thinks NatGas is going to 11 so I think NGS would be a great play here.

TATTF is IPOing one of its subs and I worked the numbers up and it seems the co is undervalued by about 50% after getting the proceeds from the spinoff.

Wed Jun 06, 09:49:00 AM EDT  
Blogger Dan Fox said...

Gosu,

How far do you think we will drop here?

Wed Jun 06, 10:54:00 AM EDT  
Blogger gosu said...

12900 is a buy signal.

Wed Jun 06, 11:04:00 AM EDT  
Blogger Dan Fox said...

Gosu,

So you think this is a real pullback not a 2 day thing?

Wed Jun 06, 11:17:00 AM EDT  

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