Peanut's Potent Plethora of Profit

[peanuts]

It's time to short basic steel.... Is there an echo in here? in here? in here?

Hi Lye,

I'll keep an eye on it for you. Do you track the PSI? It will tell you the direction of all the steel companies. Being that you are directly involved in the industry, I thought you would certainly be one of the people to have used the PSI to your advantage.

Technically speaking, Lyehopper, I have not yet seen a good, safe, and highly profitable short entry to a steel stock recently. I do have a few long positions which have trailing stops, and if those stops are taken out, I will tell you. But I think you know my general opinon of the Steel industry, so I'm not really rooting for your thesis to be correct, just your positions

btw: Could you share some stats? What the pricing differences (%) for the steel you buy today contrasted to a few months ago? What are you getting for your scrap? Who do you sell to (mill direct or scrap dealer)? What is the quality? Are you seeing price gouging for your finished products?

Hey, I hope your backlog improves. And, good luck with your "investments" (and just to let you know, I am stalking SID for a short entry, but I haven't found it, yet)

[peanuts]

filtering a screen of a scan

Peanuts,
I took all the "green" stocks and checked them out for other opinions. Here are the highest rated.

KEY--Stockscouter rated 7-10

-------Vectorvest Highly Recommended-- V

-------GURU Analysis Very Positive-----G

-------2nd Opinion Weekly--B-(BUY) or SB (Strong Buy)

-------Barchart--Recommended 100% short, mid, and or long term--100

CLDN--10,V,G,B
FCX---10,V,G
STLD--V,G,B
ALB---8,V,100
AME---8,V,SB
CPSS--9,B,100
GSBC--7,V,100
PH---8,V,G,SB
RLI--9,B,100
RS--V,G,SB
UNP--8,V,SB
USAP-7,V,B,100
AP---7,V,G,B

Some stocks aren't followed by all services or received a low ranking. That's why all symbols aren't used for all stocks. How about I call these Peanut's lucky 13 and track them say until Dec. 1st?

---------billyjoe

billyjoe,

Thanks. I too did some more work on the stocks highlighted in green. I put them through some more filters and only 3 passed: LUB AOS and BHE Of these, I like the technical set-up of BHE- looks like a possible C&H, but it is not fitting the strict description of one. (not finding support from previous area of support on the last run-up; it just decided to reverse at 21.5 for some other reason) but the cup and handle are pretty apparant on a 2 year chart

Also, I have a stupid crush on FCX - damn it's sexy

[peanuts]

Today, I used half of the cash on hand, and I purchased TGE at an average price of $9.40

CURRENT MOMO PORTFOLIO:

USLM avg price $29.8961
TIII avg price $3.0873
TGE avg price $9.40
approx 25% is CA$H

TGE reported outstanding quarterly results. They are now added to my Earnings Growth spreadsheet because they have increases their YOY quarterly earnings by 50% (The company said excluding certain costs, earnings per share would have been about 14 cents a share for the latest third quarter.- which would have been an increase of 133%) and revenues by 125%! Here's the link to the report: LINK

[peanuts]

TGE reported outstanding quarterly results. They are now added to my Earnings Growth spreadsheet because they have increases their YOY quarterly earnings by 50% (The company said excluding certain costs, earnings per share would have been about 14 cents a share for the latest third quarter.- which would have been an increase of 133%) and revenues by 125%! Here's the link to the report: LINK

Well, the initial reaction really stunk. There were estimates for earnings to be at .12. But, those estimates were based on no one-time charges. I'm hoping the selling this morning was from people only looking at whether or not TGE beat estimates. Let see how the day closes. I'm tempted to add at these prices, but I've decided to wait it out some more.

On the other hand, my BRK.b shares are reaching all time highs today. I'm not sure when, if ever, I'll sell those

[Lyehopper]

I thought you were stalking BRK.b shares short a week or so ago?

Are you still looking at NEWP short? They report on the 25th.

[peanuts]

I thought you were stalking BRK.b shares short a week or so ago?

Are you still looking at NEWP short? They report on the 25th.

Yes, I was looking at BRK.b short the last few weeks. After seeing the action of it, I changed my mind. There is psychological strength there that I never considered. I bought in late April, so I already have a fairly good return. I'm just not sure if it will ever stop appreciating... Warren Buffet knows what he's doing.

NEWP is no longer on my Short Sell watchlist. My ST TA indicators are neutral

[peanuts]

watchlist action

These are the stocks I will be stalking over the next week:
(the stocks in bold are active for the week)

LONGS:
own: USLM TIII TGE UCTT ATHR SPSX SNTS AP VLG
energy: TGC MXC SWSI NE GMRK BTJ ATW
report earnings this week: TNB AEIS FMD HITT NGA VVI SIMO RADN BW AKAM DDDC RVBD TLGD IDXX LOGC
all others: LUB AOS BHE FCX RS STLD RAVN JRVR TGIS COGO MVCO

SHORTS:
THC SWHC RMIX KLIC SYX HSOA

It looks like NGA (up 11% today) might have some more up room to $7.80 today. Earnings are this week and if they were anything like AZZ, then NGA might offer new highs, or at least a test of old ones.

[Gwhiz]

WEbsman,
what are your thoughts on asvi at this point?

[peanuts]

Week of Oct 23 - Oct 27:

Monday:
ATHR TGE TGC RADN UCTT

Looks like ATHR may be setting up to have an end of the day run into earnings...

And, TGC doesn't report until Nov 10 as revealed in a press release, today.

[Tatnic]

Well, the initial reaction really stunk. There were estimates for earnings to be at .12. But, those estimates were based on no one-time charges. I'm hoping the selling this morning was from people only looking at whether or not TGE beat estimates. Let see how the day closes. I'm tempted to add at these prices, but I've decided to wait it out some more.

On the other hand, my BRK.b shares are reaching all time highs today. I'm not sure when, if ever, I'll sell those

see what I mean about small cap, amex stocks? TGE has always had nice numbers but they get no respect (I believe it has alot to do with being on the amex). If they ever graduate to the big board or nasdaq then that might help them...don't hold your breath on that move.

[peanuts]

see what I mean about small cap, amex stocks? TGE has always had nice numbers but they get no respect (I believe it has alot to do with being on the amex). If they ever graduate to the big board or nasdaq then that might help them...don't hold your breath on that move.

Yeah, I see what you mean. I'm such a damn moron. I hate losing! What I don't understand is that the TGE report was soooo good, but the price action was sooooo bad... This seems like its one of those stocks that you just buy on the fundamentals and then forget about the stock for a year or two. I really regret buying this for my MOMO portfolio.

I agree about AMEX, but just the opposite is true, as well. I have had wide and wild success with NGA, and it is an AMEX listing.

Check out this chart of the AMEX composite: CHART
I know you're not really that impressed with TA, but just a quick glance at this and immediately I'm cautious...

[Websman]

WEbsman,
what are your thoughts on asvi at this point?

Depends on your strategy.

Long term looks bullish, but short term indicates a little drop in price. I may consider taking my profit in the morning and buying back at a lower price in a couple of weeks. I haven't actually made that decision yet, though.

[skiracer]

Yeah, I see what you mean. I'm such a damn moron. I hate losing! What I don't understand is that the TGE report was soooo good, but the price action was sooooo bad... This seems like its one of those stocks that you just buy on the fundamentals and then forget about the stock for a year or two. I really regret buying this for my MOMO portfolio.

I agree about AMEX, but just the opposite is true, as well. I have had wide and wild success with NGA, and it is an AMEX listing.

Check out this chart of the AMEX composite: CHART
I know you're not really that impressed with TA, but just a quick glance at this and immediately I'm cautious...

Everyone does it at one time or another but it is so dangerous, and gambling to a large degree, to enter just before earnings or to hold into and through earnings. Ya just can't trust them or rely on them.

[spikefader]

It's time to short basic steel.... Is there an echo in here? in here? in here?

hehe Hey Lye, you'll be glad to hear that X has put in a truncated fuzzy 5th. I am bull while it's above the upcoming fuzzy 'c'.........but if/when it failes, then that'll be the time you will be grinnin' ... if it keeps the count it'll likely be Tuesday next week.

Of course a count can and often does stop doin' it's thang and falls out of a count.......in which case your FA will likely look even more clever and brilliant hehe

[Tatnic]

Yeah, I see what you mean. I'm such a damn moron. I hate losing! What I don't understand is that the TGE report was soooo good, but the price action was sooooo bad... This seems like its one of those stocks that you just buy on the fundamentals and then forget about the stock for a year or two. I really regret buying this for my MOMO portfolio.

I agree about AMEX, but just the opposite is true, as well. I have had wide and wild success with NGA, and it is an AMEX listing.

Check out this chart of the AMEX composite: CHART
I know you're not really that impressed with TA, but just a quick glance at this and immediately I'm cautious...

I'll take a look at that chart later. Hey, don't beat your self up too much on that trade. Its impossible to do this for a while without making the occasional bad trade. TGE could bounce back and it should if the numbers are genuine.