Pailin's Trading Corner

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Fri, Mar 16, 2012 - 12:33pm
redwood
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Sorry to see you go SIM. 

Sorry to see you go SIM. Come back and say hello once in a while.

Fri, Mar 16, 2012 - 12:35pm
dakota15
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Sometimes it's healthy to

Sometimes it's healthy to just walk away for a while. I've enjoyed reading your stuff SIM. Good luck!

Fri, Mar 16, 2012 - 12:36pm atlee
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US Oil Policy = Marx Bro Train

Burn what's onboard.

Burn Baby, Burn. Disco Inferno. Marxist Oil Plan. Ate My Seed Corn. Whateva'.

Fri, Mar 16, 2012 - 12:39pm
redwood
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Before you go SIM, fwiw, I

Before you go SIM, fwiw, I think you have a good read for the market. You can take that with you anywhere, I'm sure its a great asset in your business ventures as well. And don't feel shy about returning....sometimes we just get fed up.

Fri, Mar 16, 2012 - 12:42pm SSK
Strawboss
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SSK wrote:Firstsilver,I

SSK wrote:

Firstsilver,

I have not seen any news on JAG and an SEC investigation into manipulation. Oh I see manipulation, just not the news story. I own shit load of it, so I am going to look further into this (although I'm not sure what this could mean to my positions). JAG's trading up today. For a change.

Here you go... https://dockets.justia.com/docket/new-york/nysdce/1:2011cv08764/388574/

Unfortunately, it requires a subscription. I cant find any other source using Google either.

Jesus Christ is the only true hope that any of us really has. Aaaargh .. the monkeys!!! Trading metals is like playing frogger...there's always a big truck coming.
Fri, Mar 16, 2012 - 12:46pm
SilverWealth
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Granny Oil

Out of 2nd small batch of CIE.

Oils are trading true without many games right now. What had been hoped for in miners but is simply not the case. Any miner is a potential IED. Oils tracking the price and heat of oil at the present. This will change but this is the proper playground for now imo.

Could all change on a moments notice as well. who knows?

Lng is unperturbed by offering this or offering that. It is being played daily as a momentum stock for traders who make their incomes doing this sort of thing. I do not see the offering making much difference so far at all. This news must already be baked in, factored,discounted and no longer relevant. IMO.

Fri, Mar 16, 2012 - 12:48pm
redwood
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So far, I have to agree with

So far, I have to agree with Strawboss. I think we hit bottom on Wednesday. It will have to take a decisive turn down this afternoon to convince me otherwise. Just sayin.

Fri, Mar 16, 2012 - 12:51pm
SilverWealth
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SIM

that is a very smart and mature decision. I support it. Miners and metal have been poor trading vehicles and they are anti-government marks at all times and in all positions on the chart.

I may well follow you in short order. The probabilities of decent reward are relatively poor when compared to the high risk,anxiety and silliness of this entire sector.

Certainly easier money will be found in Obama Equities led by crooked,lying,cheating,fraudulent Banks and oil this year imo.

Fri, Mar 16, 2012 - 12:53pm SilverWealth
D E
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106.23

Made my 106.23...a day late, and some aggravation yesterday...need to head over into May contract on pullbacks...

Fri, Mar 16, 2012 - 1:02pm
SilverWealth
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Manning

I am thinking Manning goes to Denver. An interesting sweepstakes. We should know very soon.

I know, who cares?

Fri, Mar 16, 2012 - 1:06pm
Perfidious Albion
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Sayonara SIM

I feel for you..

Humble newbie listening and learning. A lemming doesn't last long these days..
Fri, Mar 16, 2012 - 1:06pm D E
atlee
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stay with wti

shes bottomed. Also look at some equity plays. This week it was banks now its energy. I mention rig and dvn yesterday. there are others.

SIM sorry to see you go. Enjoyed your company.

Fri, Mar 16, 2012 - 1:08pm SilverWealth
atlee
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sw

whatever team manning goes to, the commissioner has allowed him to continue wearing the colts uniform whne he plays.

LOL

Fri, Mar 16, 2012 - 1:08pm
redwood
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so atlee, you agree with me?

so atlee, you agree with me?

Fri, Mar 16, 2012 - 1:14pm
CK
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Made some nice fixed bets on

Made some nice fixed bets on betonmarkets.com that ES will be lower a week from now. 1400 is a big psychological number and it's definitely going to see some resistance.

This week was a seasonality trade as the week leading up to St. Patty's day has been up on average 1% for the markets 80% of the time over the past 20 years or so. So it was no surprise to see Wall Street lit up in green leading up to it.

The week after though, people come back with sore heads and it's not as positive.

Btw, about the 30 yr bonds finally breaking down to the downside. This isn't good for PM's. It means higher interest rates are coming and the Dollar does get support from this. PM's are in trouble for a while. Correction phase will continue. Doesn't mean there won't be retracements and small rallies, but it does mean getting totally optimistic about them could turn out to be fatal for those who go & stay long.

Have a good weekend and week ahead.

We're not trading against the market, we're trading against ourselves.

Fri, Mar 16, 2012 - 1:19pm atlee
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still have lots

just takin' a wee bit o' profit ahead of the pub crawl...

Fri, Mar 16, 2012 - 1:22pm
SilverWealth
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Manning

the great irony is that with Manning as with all hype in pop culture he will probably soon be gone. The first hit by a 330 lb lineman and the entire story will come to an end, I do not think a neck fusion is a good proposition for even 2 more months in the NFL. But owners get excited and then they chase. Sound familiar?

Silver goes to 25 quickly if the H&S thingy plays out. And all miners will fall with it imo. This could begin on Monday just as bottom pickers believe they finally caught the knife between their teeth. Who knows?

Fri, Mar 16, 2012 - 1:25pm
SilverWealth
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Atlee

VLO definitely in play now.

Fri, Mar 16, 2012 - 1:31pm
redwood
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Know very little about the

Know very little about the oil trade. Next to nothing. Anybody wish to make recommendations. On stocks I mean.

Fri, Mar 16, 2012 - 1:36pm
bmovers
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just went short slv

silver didnt drop at all at the comex close which is often bullish, but i just went short. Rebounded a little today, but overall looking very weak. Definitely staying short through the weekend, unless we see a big drop today still, then I might take my profit and wait til next week.