Peanut's Potent Plethora of Profit

[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]

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)

[Runner]

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]

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

[Runner]

I see GHDX triggers long today

[peanuts]

Runner

I did not enter GHDX today... waiting like a crouched tiger, though

SIM is too crazy to call. I'll let someone else lose money in it...

[Tatnic]

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)

you bought cas on the fundamentals, right?

[peanuts]

you bought cas on the fundamentals, right?

Yes, CAS fundamentals and earnings growth are impressive. Current price action suckis maximus

I'm getting killed so far with this portfolio. Let's see where I am in a few weeks. UA was going to be the ST MOMO trade. I'm expecting a nice pop, soon.

[Tatnic]

Yes, CAS fundamentals and earnings growth are impressive. Current price action suckis maximus

I'm getting killed so far with this portfolio. Let's see where I am in a few weeks. UA was going to be the ST MOMO trade. I'm expecting a nice pop, soon.

I think you'e mixing up your styles here. If CAS was a fundamental buy, then it should be in an investment type port, not a short-term trading port even though that's where it belongs because at this stage fundamentals don't mean squat.

[peanuts]

ticker: FRPT

This company's stock price has been taking off recently. I wonder what today's article will do to affect the stock price??? NEWS LINK

FRPT.ob is moving up again. I don't know if this is a corrective or continuation (maybe a 5 up).

News continues to drive the stock price...

[peanuts]

I think you'e mixing up your styles here. If CAS was a fundamental buy, then it should be in an investment type port, not a short-term trading port even though that's where it belongs because at this stage fundamentals don't mean squat.

Technical terminology would discount this portfolio as "momentum trading." I haven't been able to find a better title for it, though, so I call it my MOMO portfolio.

When you buy a technically weak stock, you are actually buying a stock that is improving in current fundamental value with each decrease in price. At some point a crossover must occur (r/r), and with the type of companies which this screen filters, that crossover usually presents traders with great opportunities for ST profits.

CAS is technically weak, but the value gets better and better with each red day.

This portfolio's success should speak for itself. I have recently been noticing how momentum stocks are not working in this current market environment, however.

[Runner]

Technical terminology would discount this portfolio as "momentum trading." I haven't been able to find a better title for it, though, so I call it my MOMO portfolio.

When you buy a technically weak stock, you are actually buying a stock that is improving in current fundamental value with each decrease in price. At some point a crossover must occur (r/r), and with the type of companies which this screen filters, that crossover usually presents traders with great opportunities for ST profits.

CAS is technically weak, but the value gets better and better with each red day.

This portfolio's success should speak for itself. I have recently been noticing how momentum stocks are not working in this current market environment, however.

[Runner]

Peanuts, nice bounce in CAS... You da-man...

[peanuts]

FRPT.ob is moving up again. I don't know if this is a corrective or continuation (maybe a 5 up).

News continues to drive the stock price...

I guess it was a 5 up. FRPT up 10.69% today. Gapped this morning

[Tatnic]

Peanuts, nice bounce in CAS... You da-man...

If it closes today above 26 then it might be ok through the end of the year anyway.