Peanut's Potent Plethora of Profit

[peanuts]

AM Castle Co.

Profile
Key Statistics

I think that CAS will soon make a big move in one direction or the other. It looks like $25 is long term and short term support. Nickle stockpiles and pricing have been in the news alot lately. 2007 is expected to see alot of action in the metals markets. CAS should see considerable swings in pps, and may be worth trading for those traders that follow metals.

Long term view:

Short term view:

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

(that was posted on Aug 8th, 2006)

Today, BRK.b closed at $3,800.00 per share. $$$HUGE$$$ breakout!!!!

I read somewhere that while the stock price languished over the past 8 years or so, the intrinsic value went up over 60% during that time. The value guys have been all over this one lately because of that.

[billyjoe]

Peanuts,
ATI has been down before , this year, and has always come back stronger than ever. Down nearly 10 points this week. Wouldn't be surprised to see many points up next week.

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

[peanuts]

The Oracle of Omaha, Warren Buffet, and his partner, Charlie Munger are two of the most successful investors ever. The shares of Berkshire Hathaway (BRK.b) are breaking out to new highs today.

This is a great company, solidly built, heavily fortified, and widely diversified. Today is a great day to buy BRK.b

The class A shares are basically the same thing as class B shares, but you get voting rights. They trade as a multiple of one another.

(that was posted on Aug 8th, 2006)

Today, BRK.b closed at $3,800.00 per share. $$$HUGE$$$ breakout!!!!

[peanuts]

I heard a piece on npr last night about the same issue I was talking about months ago, ie the tariffs on galv. plate steel and how they're hurting the automakers. The radio piece said they're being lifted but I can't find anything in the news wires...strange? I pull up your link and see if it corroborates that radio piece.

I did notice that some of the very strong steel stongs like ATI and others were quite weak yesterday given the market strength and may be a result of that news. I suspect their RSI's dropped considerably yesterday.

ATI should not have dropped due to this news. They are a net exporter of one of their types of steel. Silican Steel for the electrical industry needs to be made in a special operation. ATI has a the smallest BOF in America to do just that. And to think that they nearly sold off this business to the Germans a few years back... it's one of the biggest money makers for ATI now. This is information that Wall Street does not know, or does not disclose... Now you know why ATI is huge. They actually SUPPLY China with steel!

ATI does not have galvanizing operations to supply plate to the automakers. This is most likely just a healthy pullback.

Their largest meltshop (and the BOF) is literally 3 miles down the river from me.

[peanuts]

Thanks for your insight. I bought the same stocks yesterday. I little later than you but still feel it will be for a good return.

Bon... Riferus, Bon

You're welcome. I wish you luck with your positions. I'm not sure which stocks you are referring, but since you said that I bought them, you must have some good stocks

Keep posting

The trigger just went off. I'm in at $20.20

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

[bonriferus]

Thanks for your insight. I bought the same stocks yesterday. I little later than you but still feel it will be for a good return.

[peanuts]

Waiting for some xmas $$?

My magic level is if it closes above $9 today.

wash sell rule

I've been watching it lately. I won't buy it until Dec 28. Maybe it will still be good then...

Waiting for some xmas $$?

My magic level is if it closes above $9 today.

[peanuts]

I set a trade trigger for GHDX tomorrow, just above last week's low. Let's see what happens...

The trigger just went off. I'm in at $20.20

Now it seems that the steel industry is crying about high margin products and how lifting tarrifs would hurt US steelmakers... uh oh... The US Steel Industry is weak without govn't help? This could bode well for short sellers.

Here's a link to what I'm talking about: LINK

I heard a piece on npr last night about the same issue I was talking about months ago, ie the tariffs on galv. plate steel and how they're hurting the automakers. The radio piece said they're being lifted but I can't find anything in the news wires...strange? I pull up your link and see if it corroborates that radio piece.

I did notice that some of the very strong steel stongs like ATI and others were quite weak yesterday given the market strength and may be a result of that news. I suspect their RSI's dropped considerably yesterday.

If anyone is shorting CACB here and makes any $ it will be pure luck and will only reinforce bad behavior. That's a very bullish chart.

But...BUT:

The WEEKLY chart of cacb suggests that a close below 28 would be bearish (this is on the weekly charts mind you, so if the daily close is below 28 then it should just raise caution flags because that chart could still reverse and move back up).

An inverted yield curve (ie an inversion of the Fed Funds rate to the 10 yr., which has ALWAYS preceeded a recession in the past) has to eventually catch up with financials at some point, right? I mean, are we re-writing the laws of economics here or what??!!

[peanuts]

If anyone is shorting CACB here and makes any $ it will be pure luck and will only reinforce bad behavior. That's a very bullish chart.

I think buying right here is also bad behavior. This stock needs to slap me in the face before I'll get interested in her. I am patiently waiting...

Yes, I saw this possibility also, which is why I am waiting for the confirming move in either direction. I have a bullish bias.

It may also be at the very end of a handle on an 2.5 month C&H pattern, but I haven't been finding very many successful C&H breakouts, lately.

If anyone is shorting CACB here and makes any $ it will be pure luck and will only reinforce bad behavior. That's a very bullish chart.