Peanut's Potent Plethora of Profit

I see GHDX triggers long today

[peanuts]

GMarket Inc

GMKT is going absolutely bonkers today! I read a bunch of messages from other forums that were suggesting to short it yesterday at the EOD. Wow, is all I have to say. Those shorts really got whipped this morning

Cramer pumped this stock 2 days ago... incredible

Arcelor-Mittal buys Mexican steel company

I think that it is interesting the SIM is not mentioned in this article. SIM might see some heavy action today based on this news. Current operations are mostly in Mexico, and if Arcelor-Mittal buys a steel company, they make sure they get a good value. Either the Mexican firm was sold on the cheap, or Mexican steel companies have a strategic advantage to them that A-M sees and is willing to pay a certain amount. Other Mexican steel firms may have their value altered after news of this deal.

Just some thoughts; it will be interesting to see how it unfolds.

I think SIM looks like a short...

[peanuts]

MOMO update:

CURRENT MOMO PORTFOLIO:

(portfolio is 100% in cash)

OK, I'm back at it. I think that today is good day for some momentum plays. I've used all the cash (well honestly, I used the old cash for some other investments in the last month, but I've sold those positions and rebalanced my portfolios yesterday.) Today, I established 3 positions with equal portfolio weight in each. These are the stocks and the prices I've paid for them:

UA - $51.00
USLM - $33.00
CAS - $25.85

(portfolio is 100% invested)

[peanuts]

The consolidation continues...

www.steel.org (some statistical info)
www.aist.org (goto the "steel links" for tons of info)

Also, I track the following symbols each day in a Yahoo! portfolio. This is the Peanuts Steel Index (PSI)

AKS AP ATI CECE CGA CHAP CLF CMC CRS FRD GGB GNA HSVLY IIIN IPS KYCN.OB MEA MT NSS NUE NWPX NX OS PCP PKX RIO ROCK RS SCHN SGG SHLO SID SIM STLD STTX TKR TONS TS TXI USAP WOR WPSC X ZEUS

If you keep the portfolio as well, it will keep you up to date on the news within the industry.

Arcelor-Mittal buys Mexican steel company

I think that it is interesting the SIM is not mentioned in this article. SIM might see some heavy action today based on this news. Current operations are mostly in Mexico, and if Arcelor-Mittal buys a steel company, they make sure they get a good value. Either the Mexican firm was sold on the cheap, or Mexican steel companies have a strategic advantage to them that A-M sees and is willing to pay a certain amount. Other Mexican steel firms may have their value altered after news of this deal.

Just some thoughts; it will be interesting to see how it unfolds.

[peanuts]

from another thread:

Sure thing, Whizzy,

Look at the side by side comparison of MED and MLP:

And here's my TA thoughts on MLP's 1.5 year chart:

Also, Gwhiz, I think more people go to Hawaii in the winter, and last I checked, I've got snow on the ground, here

I think MLP is ready to go higher. Currently sitting on 20 week EMA @ $32.20. Today is the third day in a pullback after a 10% 2 day run. Volume has really picked up and MLP recently had a positive mention by Motley Fool. It may test the 20 day EMA @ $31.68 today or tomorrow.

Land in Hawaii ain't cheap, but MLP sure seems to be just that... cheap! My dad already owns this stock, and loves it!

The company itself is diversified into metal fabrication and distribution, and also plastic shapes distribution. They supply to alloy makers and also end-product users. Much of their product volume is in nickle alloys which is a very lucrative business as demonstrated by PCP's acquisition of Special Metals (a high-nickle alloy producer). These alloys specs are demanding, but very profitable due to high demand of the aerospace industry. All commodities have been on an upward price march, and CAS should benefit with higher margins by passing the buck to their customers...

The chart looks so weak, however.

Its a tough call as far as trading goes, but if I were feeling aggressive I'd be short right now with tight stops since this looks to be the pivot level right here.

[peanuts]

By itself, this chart looks vulnerable. But what exactly is the industrial group?

The company itself is diversified into metal fabrication and distribution, and also plastic shapes distribution. They supply to alloy makers and also end-product users. Much of their product volume is in nickle alloys which is a very lucrative business as demonstrated by PCP's acquisition of Special Metals (a high-nickle alloy producer). These alloys specs are demanding, but very profitable due to high demand of the aerospace industry. All commodities have been on an upward price march, and CAS should benefit with higher margins by passing the buck to their customers...

The chart looks so weak, however.

Profile
Key Statistics


So, what do you think? Will the move be up or down?

By itself, this chart looks vulnerable. But what exactly is the industrial group?

[peanuts]

Morgan Stanley

Morgan Stanley (ticker: MS) will spin off its Discover Card unit.

I just might buy some MS today. It just reported outstanding quarterly results, and I think it wants to unlock some shareholder value by selling off Discover Card. Buying MS today will most likely assure some shares will come your way, or you will be offerred the chance to buy Discover Card shares when it trades independently. MS also looks to be breaking out to new highs. The stock looks strong already, and I think this news will draw even more interest.

NEWS LINK

[peanuts]

Well I got stopped on WNR today.

so did I

downgrade got us

Well I got stopped on WNR today.

[peanuts]

GHDX news

Nice entry Peanuts. I'm going to place entry over todays highs.

Runner,

I hope you'll still be able to get it on the cheap. Sometimes, I can't believe my own luck...

GHDX NEWS LINK

This is big news. Really big. Thanks for opening my eyes to the stock!!!

Pretty wide and loose..the weekly looks good but the daily is just ughhhh - I would say it is more likely to roll over though.

I agree with DMK. The daily is all over the place.

[dmk112]

Pretty wide and loose..the weekly looks good but the daily is just ughhhh - I would say it is more likely to roll over though.