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Post by clinton on Jun 8, 2013 16:21:18 GMT -5
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Post by clinton on Jun 8, 2013 16:27:30 GMT -5
I think Brent is going to 112 and thats why Im long HERO
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Post by clinton on Jun 9, 2013 9:51:09 GMT -5
Im long WNR, didnt realize they were so shorted. sounds crazy to me shorting a comp-any with a P/E of 5.79 when half the names on this list dont HAVE a p/e LIST of 30% Float shorted
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Post by jacksrbtr on Jun 9, 2013 20:04:20 GMT -5
Im long WNR, didnt realize they were so shorted. sounds crazy to me shorting a comp-any with a P/E of 5.79 when half the names on this list dont HAVE a p/e LIST of 30% Float shortedSure does look like an iH&S to me potentially
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Post by novie08 on Jun 9, 2013 20:35:19 GMT -5
The name of the game is short, Short squeeze...wash, rinse repeat.
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Post by clinton on Jun 10, 2013 9:20:51 GMT -5
WLT ANR signs of life
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Post by clinton on Jun 11, 2013 7:03:46 GMT -5
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Post by clinton on Jun 11, 2013 7:05:39 GMT -5
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Post by clinton on Jun 11, 2013 8:26:31 GMT -5
The Organization of Petroleum Exporting Countries raised crude output in May to the highest level in six months while keeping its demand forecast for 2013 unchanged because of risks to the global economy. OPEC increased production by 106,000 barrels a day to 30.57 million a day last month, led by gains in Saudi Arabia, the group said today in its monthly market report, citing secondary sources. Global oil demand will increase by 780,000 barrels a day, or 0.9 percent, this year to 89.7 million a day, in line with estimates in the previous report. “Existing fundamentals portray a market with ample supply,” the group’s Vienna-based secretariat said. “Looking at the second half of the year, the world economy is expected to experience slightly higher growth. However, risks are skewed to the downside.”
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Post by huh on Jun 11, 2013 9:24:49 GMT -5
Uh-oh for coal. Update to the chart I posted previously showing a descending triangle forming (red lines) almost exactly like the one from before (blue lines). Breaking below the lower line today. If it bounces for a backtest of that line, I would expect an overshoot to ~128 for a gap fill. Either way, seeing as much as 30% downside from here (target ~87.50). Uploaded with ImageShack.us
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Post by huh on Jun 11, 2013 9:28:07 GMT -5
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Post by clinton on Jun 11, 2013 9:28:25 GMT -5
ya, I thought coal would give me another pull back to reshort oh crap
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Post by huh on Jun 11, 2013 9:32:15 GMT -5
ya, I thought coal would give me another pull back to reshort oh crap It may Clinton. There is a gap above ~128.06. And there's even more upside possible for this if it backtests some of the FIBs. Personally I won't be putting on any new shorts on today unless SPX were to lose that 1619 mark. A whole lot of gap filling to do above now, at a minimum.
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Post by huh on Jun 11, 2013 13:35:37 GMT -5
ya, I thought coal would give me another pull back to reshort oh crap It may Clinton. There is a gap above ~128.06. And there's even more upside possible for this if it backtests some of the FIBs. Well, so much for that. At least for today. Coal hasn't stopped falling all day.
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Post by huh on Jun 11, 2013 17:32:01 GMT -5
BTU down 10% since I posted the bearish patterns forming & already formed back on 04/25 (http://fazination.proboards.com/post/11825). Today it lost the lower support line of a bearish continuation pattern (like DJUSCL did). This and DJUSCL may be really good opportunities for a short position if they're able to fill today's opening gap downs. But they should at least backtest the breakdowns at the support lines. BTU (chart below) still has an open H&S downside target ~13.85, and the continuation pattern looks like ~11.80. Or downside of about 33% from today's close. The gap fill, if it happens, would occur ~18.32-18.44. A backtest of the breakdown would be ~18.15. Uploaded with ImageShack.usADDED NOTE: ACI still appears to be further along in these patterns than the others I wrote about (like BTU, JRCC, etc). One caution to note here is that ACI had already closed below this same breakdown/support line last month, but then squeezed back up to its 100dma before coming back down below it. Could this happen with something like BTU? Perhaps - so be sure to use stops if shorting! ACI might be a better short IMO since this is already its second time below this line, and it has a little more downside potential % wise.
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Post by clinton on Jun 12, 2013 6:55:18 GMT -5
nat gas is going to be hot today
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Post by huh on Jun 12, 2013 16:16:20 GMT -5
Some of the coals bounced ~2% from the LOD. (BTU, ACI, ANR)
Could be good plays for tomorrow - and hopefully get those gap fills. Worth keeping an eye on.
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Post by clinton on Jun 13, 2013 9:45:31 GMT -5
price of nat gas spiking as LINE CHK drop another "hey this doesnt make sense"
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Post by clinton on Jun 13, 2013 18:21:26 GMT -5
Natural gas prices rose on Thursday after official U.S. data revealed stockpiles rose on the lower end of most expectations.
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Post by clinton on Jun 17, 2013 6:46:13 GMT -5
nice pop on NG today Attachments:
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