Peanut's Potent Plethora of Profit

[billyjoe]

Peanuts,
I say WLSC. Are you giving good prizes like Doug? I need some new briefs. A package of 3 would be nice.

-----------billyjoe

[IIC]

For the folks who love to try to pick a bottom:

Guess which one will bounce the highest in 1 week:

ADM ... AMD ... ANR ... FSII ... LMIA ... WLSC

well? huh? huh? huh? Which one?

Don't you mean...Which one will go down the least?...LOL

I'm assumming you are talking %-wise rather than $-wise...My Crystal Ball says that will be FSII

[peanuts]

bottom dwelling

For the folks who love to try to pick a bottom:

Guess which one will bounce the highest in 1 week:

ADM ... AMD ... ANR ... FSII ... LMIA ... WLSC

well? huh? huh? huh? Which one?

[skiracer]

I was considering your posts when I made the statement. The short MAMA was a good play! You're the coolest, ski-daddy

What do you think about GMKT, dude?

Looking at the daily I think it could be poised for a move up from here but I don't like the group or industry. Retail eCommerce in Korea doesn't excite me and their business model doesn't excite me either. Technically speaking I think it will make a move up but honestly I see so many other more interesting stocks setting up that I wouldn't be bothered with this one. Good luck if you make the trade.
Let's get ready to ski. Hunter and Windham in NY are great day trips and shouldn't be to far for you from where your at in PA. Pittsburgh probably is about a 5 hr. trip to Hunter?

[peanuts]

You couldn't have been paying to close attention to the posts because I have posted charts and annotations on AOB and Runner was basically the only response. I also posted charts and annotations of a short play I thought was developing in MAMA.

I was considering your posts when I made the statement. The short MAMA was a good play! You're the coolest, ski-daddy

What do you think about GMKT, dude?

[peanuts]

Gmarket

I've been reviewing some of the stocks in which I'm interested. Here's my TA view of GMKT:

I have a small position which I started last week. I may add to it if the price and volume pick up soon.

[peanuts]

CORRUPTION 101:

You could fill volumes with all the scandals in China that have happened in the past month. I have absolutely no idea where you came up with the idea that corruption is not rampant in China.

I found these recent articles all on one page...Wonder how many I could find if I actually spent more than 2 mins. searching?...

jejejeje

I wonder how many articles per week will be written about corrupt Chinese companies after capitalism takes over

One of the best classes I was required to take in school was business ethics. Dr. LaRue T. Hosmer taught one heck of a course.

[IIC]

You could fill volumes with all the scandels in US companies that have come to light over the past few years. It makes one wonder what is taught in our business schools..ie its only a crime if you get caught? At least in china the incentive to lie and cheat is not monetarily driven,,,not yet anyway, I suspect that will change over the coming years as more and more capitalist are created.

CORRUPTION 101:

You could fill volumes with all the scandals in China that have happened in the past month. I have absolutely no idea where you came up with the idea that corruption is not rampant in China.

I found these recent articles all on one page...Wonder how many I could find if I actually spent more than 2 mins. searching?

http://www.chinadaily.com.cn/china/2006-12/27/content_769061.htm

http://www.chinadaily.com.cn/cndy/2006-12/27/content_768264.htm

http://www.chinadaily.com.cn/china/2006-12/22/content_765202.htm

http://www.chinadaily.com.cn/china/2006-12/15/content_759831.htm

http://www.chinadaily.com.cn/china/2006-12/10/content_754888.htm

http://www.chinadaily.com.cn/china/2006-12/09/content_754752.htm

http://www.chinadaily.com.cn/china/2006-12/05/content_750328.htm

http://www.chinadaily.com.cn/world/2006-12/02/content_748949.htm

http://www.chinadaily.com.cn/china/2006-12/31/content_772720.htm

http://www.chinadaily.com.cn/china/2006-12/15/content_759894.htm

http://www.chinadaily.com.cn/china/2006-12/07/content_752699.htm

http://www.chinadaily.com.cn/china/2006-11/29/content_746371.htm

http://www.chinadaily.com.cn/china/2006-11/23/content_741540.htm

[peanuts]

PSI - The Peanuts Steel Index

If you've been sleeping, then you'll have no idea what I'm talking about in this post. If you like making money, I suggest that you wake up.

The PSI is a group of stocks which are highly related to the health and direction of the Steel Industry. It is heavily weighted to steel producers in the US, but the index also contains raw material suppliers, downstream product customers, and regulatory suppliers- not to mention off shore interests in steel production. The group of stocks is the Peanuts Steel Index.

The steel industry was very "hot" in 2006. The devaluation of the USD is making it financially viable to produce basic commodities in the US now and into the next decade. Worldwide demand for commodities is increasing with the BRIC nations driving growth across all market sectors. Because this growth is relatively new (since the asian market collapse in the late 90's), the concentration in basic materials that has occurred has tremendously helped to raise earnings in companies which deal in the production, handling, and distribution of these products. The Steel Industry did not miss out on this opportunity. Stocks in this sector have been some of the best market performers of the year. Much of the gains in pps has also come from the consolidation within the steel industry. Businesses are seeing advantages in synergy of operations by combining companies. Arcelor-Mittal is leading the way, and the rest of the market is trying to catch up. This has caused some companies to be considered targets or acquirers, and the financial markets have treated them in such a way.

I have tracked the performance of the PSI over the year of 2006. These are the results:

I do not want to get into speculating on the year 2007 and beyond. Others have and will continue to do so. I have not read very many bearish reports on the health of the steel industry over the next 5 years, however.

**1/25/07 update - PSI component tracking and PSI chart

they just emerged from chp. 11 so their numbers are pretty red. Doesn't mean the chart won't pull a USG type move but I'm gonna sit this one out.

I prefer waiting for something like ANDE to close above resistance.

So far there's no stinkin' volume...same with LEH, so I'll probably honor my gut that says next week will stink and wait for some volume to come in on these 2...both of which could close above my weekly trigger points today.

Im not sure that this country is any more honest when it comes to stock market scandals....heck look at all american AAPL .. (whose products are all made in china )

You could fill volumes with all the scandels in US companies that have come to light over the past few years. It makes one wonder what is taught in our business schools..ie its only a crime if you get caught? At least in china the incentive to lie and cheat is not monetarily driven,,,not yet anyway, I suspect that will change over the coming years as more and more capitalist are created.

[grebnet]

Grebnet,

I like the FRPT.ob buy. I've been watching and waiting for a big drop so that I can pick up some really cheap shares. I just get a feeling that weak investors will get shaken from the tree if the price falls far and fast enough.

I see that you like Chinese stocks. Are you worried, at all, whether the Chinese reporting standards and documented corruption will negatively impact investor confidence in the country? I think that if stories keep coming out about Chinese scandals, all Chinese stocks will get hurt. Besides, with the USD cooling, and the Yuan doing better... I'd rather invest in US industrial companies.

I made some quick cash on TSTC not too long ago. Thanks!

You might get an opportunity to sell at breakeven on TRT soon, and then wait to buy lower. Not sure what might be driving the price down.

Im not sure that this country is any more honest when it comes to stock market scandals....heck look at all american AAPL .. (whose products are all made in china )

[peanuts]

AO Smith

I'm looking at AOS as a possible target.. Peanuts you think it might have a few points to the upside? Weekly does show some R to work through...

Daily does have a possible double bottom look to it...

I have once owned this stock as part of my MOMO portfolio, and traded it a few other times. This time it looks to be a short trade for a dollar or 2 down to $35.50ish. I can see the price bumping its head off of the downtrend resistance, and moving down on some volume weakness. There is a promising crossover of the 20 day EMA and 50 day MA, so this is one to keep on the radar for a long play. But I think the recent gains could possibly consolidate in the near term.

I read an article written in April of 2006 regarding AOS. The author, Dan Fitzpatrick, correctly picked the $42.50 level as first support. October's action soundly trashed this support, and currently, as you noted, there seems to be a double bottom on the Jan 06 $34 support.

This is the chart I am looking at:

I'm going to wait to see how the MA crossovers pan out before making a trading decision. I've been having good success by watching them lately on a few other stocks.

I own ANDE in 2 separate accounts. I've made it part of my LT portfolio back in October. It made a perfect double bottom off of an inverted descending SHS pattern in early Oct and confirmed the trend reversal in first week of November. I've been trading it ever since. Keep an eye on my Weekly Watchlist, and you will see what I am trading.

I'm interested in OC. If you find anymore info, please post.

If ANDE can break out of the range I think 54 is possible here. Good eye peanuts..

This is a slop chart of AOS