Peanut's Potent Plethora of Profit

[Karel]

Today may go down in history as the very first day that I don't learn something new.

Well, at least that will be something new.

Just to say I like your avatar, peanuts!

Regards,

Karel

[peanuts]

Well, at least that will be something new.

Just to say I like your avatar, peanuts!

Regards,

Karel

Thanks Karel, I still have a fondness of Fezzik the Giant, but if you and NBB like Snoop Dog, well then, I like it too.

NBB, I am not making money today

[New-born baby]

Thanks Karel, I still have a fondness of Fezzik the Giant, but if you and NBB like Snoop Dog, well then, I like it too.

NBB, I am not making money today

Well. . . why not?

ANSWER: this is options expiration. Everything will move to max pain. Monday the market drops again.

[peanuts]

Well. . . why not?

ANSWER: this is options expiration. Everything will move to max pain. Monday the market drops again.

My answer: I'm not good enough... yet!

What was with the market today? Why was it up so much on nothing? Volume was weak too. If I have ever seen a day like today, then I don't remember it. Anyone care to share some insight? Do options really matter this much? Indices closed near the highs for the day and near resistance levels established a few weeks back. I don't feel comfortable with these levels. It must be all this bear spray I've been using on my computer...

[Rob]

What was with the market today? Why was it up so much on nothing?

July core PPI -0.3%, hardly "nothing" when inflation fears have been one of the biggest drags on the market recently. If the CPI follows suit tomorrow morning, I wouldn't be surprised to see another 150-200 pts. on the Dow.

[peanuts]

July core PPI -0.3%, hardly "nothing" when inflation fears have been one of the biggest drags on the market recently. If the CPI follows suit tomorrow morning, I wouldn't be surprised to see another 150-200 pts. on the Dow.

so negative is good? I guess I'm not as enthusiastic as everyone else.

[IIC]

Rob...you posted the Core...meaningless IMO...However the PPI inclusive was low too...But did you see the NY Empire Index???...Savvy investors did...Market is toast short term IMO...I really hope nobody here got sucker-punched....Doug(IIC)

[ParkTwain]

Uh, ninner's UHAL short got sucker-punched today. NUKED. He was riding the tiger:

http://www.trade-ideas.com/StockInfo/high_percent_volatility.html

[peanuts]

IBD 100:
WNR $24.58
CTCM $23.45

CANSLIM:
CACB $35.32
BWP $27.19

BWP breaking out on high volume today!!!! Put those seat belts on

[peanuts]

ADDL.ob - a penny stock on the bulletin board

"Zenex International Inc (ADDL) Tuesday's market closed at a 0.84% increase at $1.20 per share. There were 160,290 shares traded. Aduddell Industries, a leading provider of commercial roofing, repair and maintenance work, as well as disaster recovery services recently announced that Bobby Murcer has been named Corporate Spokesperson and will assist the Company in its business development activities. Known as the popular centerfielder for the New York Yankees from 1964 to 1983, Mr. Murcer has for most of the past two decades been a sportscaster for the Yankees - on broadcast TV, radio and currently the YES Network. Mr. Murcer also served as the CEO of Murcer-Williams & Associates, a marketing company where he formed many relationships with top executives in major corporations nationwide. Mr. Murcer currently devotes his efforts to numerous charities and cause-related organizations, most notably as the Chairman of the Baseball Assistance Team, an organization devoted to providing aid to members of the "baseball family" most in need.

Zenex International, Inc. is the holding company of Aduddell Roofing, www.aduddell.com, one of the leaders in the commercial roofing industry nationwide. Through Aduddell Roofing and other subsidiaries, Zenex International offers Fortune 500 companies and large governmental agencies a broad range of roofing services, including re-roofing, restoration and repair, new roof construction, sheet metal fabrication, and waterproofing. In addition to work on large projects and high security roofing matters, the company has a nationally recognized track record for handling disaster recovery and emergency projects efficiently and cost effectively. More information about Zenex International can be found at www.zenex.net."

I just picked up a bunch of shares @ 1.06 (thank you dumb sellers) This is in my MT group

One hurricane in the Gulf of Mexico, and this is at $2

[peanuts]

BWP breaking out on high volume today!!!! Put those seat belts on

BWP breakout failed today and I think it will begin to form a base here. Short term MACD is negative. Look for a test of $25.50. If that holds, this will turn out to be a very nice long.

[peanuts]

Agreed. With profits up 62% this quarter, and increasing with every rate hike, BRK is a sure bet. Kicking myself that I sold mine.

Kick yourself again , BRK.b up $55 per share today... $$$HUGE$$$ breakout

[jiesen]

Kick yourself again , BRK.b up $55 per share today... $$$HUGE$$$ breakout

-kick-

(I seem to be doing this every day now)

[peanuts]

MOMO update

CURRENT MOMO PORTFOLIO:

USLM, avg $29.5842 ( reduced by 33% 8/8 )
CADA, avg $19.90
TIII, avg $3.0873
LOGC, avg $1.974 ( added 8/8 and 8/9 )

Today, I have become fully invested in my MOMO portfolio. My latest transaction was to establish a long position in JST at an all time high for the stock: $11.19

A rebalancing effort will have to take place in my portfolio to distribute 1/5 of the total size of this portfolio to my MT and LT groups. This will be the second 25% portfolio gain so far this year once the changes take place.

CURRENT MOMO PORTFOLIO:

USLM, avg $29.5842 ( reduced by 33% 8/8 )
CADA, avg $19.90
TIII, avg $3.0873
LOGC, avg $1.974 ( added 8/8 and 8/9 )
JST, avg $11.19 ( Aug 18 )

[peanuts]

last week's results

IBD 100:
WNR $24.58
CTCM $23.45

CANSLIM:
CACB $35.32
BWP $27.19

Major Indices move last week: DOW: 2.65%, NAZ: 5.16%, S&P500: 2.81%

TICKER, $beginning price, $ending price, 1 week % return (positive or negative)

IBD 100:
WNR, 24.58, 24.27, -1.26%
CTCM, 23.45, 22.43, -4.35%

CANSLIM:
CACB, 34.77, 35.32, 3.62%
BWP, 27.19, 27.60, 1.51%

Large gains in the indices on higher than average volume may have just wounded this young bear market. Earlier resistance levels were overcome and may provide some support. Both good reports on inflation and consumer spending seem to have been major factors in lifting the market. Conflict in Israel and Lebanon has decreased, and BP bringing half of the Prudhoe Bay oil field back on line have helped to reduce the price of oil, which may have also been a factor to the market upturn this week. The general mood seems to be positive.