Pete's Money Makers

[skiracer]

that was followed by a decent gap up to 125 and it couldn't hold that level either as it pulled back from that point to fill the previous gap up. actually there is a small symetrical triangle forming, which in itself is bullish,

i saw that in the chart initially but still liked it to the downside. I still like it to the downside but that's what makes a horserace. that and
not talking about the play but making it and doing what you have to do to manage the trade. they can't all be winners.

[New-born baby]

i saw that in the chart initially but still liked it to the downside. I still like it to the downside but that's what makes a horserace. that and
not talking about the play but making it and doing what you have to do to manage the trade. they can't all be winners.

I still like to hear about your trades and set ups. I like your reasonings, too. I took AAPL short also, and got burned for $56, so you are not alone.

[Tatnic]

Did you buy any or take any position in it at all Tatnic. I don't think it is being driven only by retail, and calling it mom and pop gives it a much more unsophisticated ring, but by sophisticated momentum traders that are capitalizing on this wave of buying on the new phone. I still like it to go down and bought the 110 and 115 puts this morning. I think you are going to hear some bad news about the phones that is going to bring the whole thing back to earth. But who knows. You can only put your money where your mouth is. That first trade certainly didn't work out for me but I made it on what I believed. We'll see how the 2nd round goes this coming week. I'm looking for any negative news and I am hearing some negative whisperings about the phone.

Like I said, it should have been bought when it made a new high but also like I said, I probably won't. I think that will be a small mistake on my part. There's just so many potential trades out there and we can't possibly play them all. But I think if you took that $750 you lost, and bought one long call you'd get your money back and then some.

[Tatnic]

Like I said, it should have been bought when it made a new high but also like I said, I probably won't. I think that will be a small mistake on my part. There's just so many potential trades out there and we can't possibly play them all. But I think if you took that $750 you lost, and bought one long call you'd get your money back and then some.

just one last comment: I think you managed that trade well enough, no question. But you haven't come to the right conclusion about it. You still think it (the stock price) should go down, in the face of conclusive evidence to the contrary. That's not managing your emotions properly. I think that the fact that the bears are screaming that the iphone is garbage and we hear about the battery problems, yada yada, yet the stock price is killing the bears...this all means to me that the price will go much higher than the bears can imagine.

To prove my point, I'll take the $750 you lost, and buy a long call and see what happens by the end of the year ( I hate the premiums in those options but that's do in large part to the strength of the stock and the relatively high price). This is obviously not a trade to make any real money but more to prove my point. But I'd be willing to guess that I can at least double my money by the end of the year.

[skiracer]

that's what makes a horserace. I still like it to take a dump but we'll all have to wait and see. I can't imagine buying it here and paying over $130 for it. I bought those 110 and 115 puts on Friday morning and paid .70 and 1.15 respectively which even though the stock went down slightly the puts still lost about .05 for the day. Emotions have nothing to do with it believe me. I just think the stock is way overpriced at these levels and the earnings and sales don't justify the price based on the hope that the phone sales will drive the stock price up.

[Al1000]

Aluminum Corp Of China ( ACH ) closed 7-3/07 at $48.62 The company is interesting because it is the 2nd largest Alumina producer in the world. Alumina is the raw material used to produce aluminum, and since China is booming, so is ACH's business. ACH supplies 70% of all aluminum products used in China . China's demand for Al is up 40% this year alone, making it the LARGEST user of aluminum in the world.
Unfortunately Aluminum smelters produce large amounts of pollutants which spill into China's rivers. With the Olympics coming in 2008, China wishes to clean up the environment and make Beijing and the Olmpic area a showpiece for the world. To do this China is shutting down the polluting smaller companies, and placing severe environmental requirements on all new companies starting in the business. FORTUNATELY ACH's plants already meet all requirements placing it in the "Cat Bird" seat. Selling more aluminum in China for ACh is like shooting fish in a barrel , and you have all the big guns.
ACH is in the process of buying up the smaller opeators and thereby increasing its production capacity by 300,000 tons per year.
China is also the LARGEST user of copper, and ACH ( Just Happened ) to buy Peru copper for 792 million , and It also spent 73 million for a 44% stake in a copper facility in Shanghai, and they are pouring in an aditional 144 million to triple the production of copper. Between now and the 2008 Olympics there is nothing to stop this cash cow from making tons of money.
Goldman Sachs recently upgraded ACH's shares and almost DOUBLED its 12 month price target. The chart looks super, and with the olympics and construction boom in China .......my advice would be to hop on board this express train . ACH is really a no brainer stock to buy for long term profits.

At the moment ACH is at 47.29$. Peter, what do you think what is the best time to go in? Do you know what is its 1y target est? P/E is really good and technical data look great (http://stockcharts.com/h-sc/ui?s=ACH&p=D&b=5&g=0&id=0). Is there any spec. topics on this forum about ACH?

[Tatnic]

that's what makes a horserace. I still like it to take a dump but we'll all have to wait and see. I can't imagine buying it here and paying over $130 for it. I bought those 110 and 115 puts on Friday morning and paid .70 and 1.15 respectively which even though the stock went down slightly the puts still lost about .05 for the day. Emotions have nothing to do with it believe me. I just think the stock is way overpriced at these levels and the earnings and sales don't justify the price based on the hope that the phone sales will drive the stock price up.

Your anger or whatever emotion you call it is causing you not to see the chart, which is clearly BULLISH. Its possible that you have picked the absolute top for the stock but I say the odds are very slim that you have.

And since when does a high price mean anything? Do you think Goog is too expensive here just because the price is high? I disagree. That doesn't mean I think its the best trade out there but just because something is high priced doesn't mean its not cheap.

[riverbabe]

Welcome to the Forum Al1000!

At the moment ACH is at 47.29$. Peter, what do you think what is the best time to go in? Do you know what is its 1y target est? P/E is really good and technical data look great (http://stockcharts.com/h-sc/ui?s=ACH&p=D&b=5&g=0&id=0). Is there any spec. topics on this forum about ACH?

I know you addressed this to Peter, but I can direct you to the new posts in the thread "The Spirit of 76 Top 5". There are some interesting comments there, including re. ACH. Good luck. Riverbabe.

[skiracer]

Your anger or whatever emotion you call it is causing you not to see the chart, which is clearly BULLISH. Its possible that you have picked the absolute top for the stock but I say the odds are very slim that you have.

And since when does a high price mean anything? Do you think Goog is too expensive here just because the price is high? I disagree. That doesn't mean I think its the best trade out there but just because something is high priced doesn't mean its not cheap.

and your biased authoratativeness and assumptions about my emotions only show me that it is useless to try to explain anything to you. just like the assumption about not having troops in Cambodia. Another pure unadulaterated assumption not knowing anything about the topic. you have missed every point i was trying to make in having your mind made up about the stock and the trade already so what's the use. You wouldn't be happy if I were to kiss your ****ing ass on State and Broad St. so what's the use. I was as honest about the trade and my feelings on making the trade plus the outcome of the first trade. I made my feelings on the second option play before the entire forum. Yet you have so much to say about the play but haven't taken a ****ing nickel out of your pocket to show your confidence. Spare me the bullshit. Put your money up or shut up.

[Tatnic]

and your biased authoratativeness and assumptions about my emotions only show me that it is useless to try to explain anything to you. just like the assumption about not having troops in Cambodia. Another pure unadulaterated assumption not knowing anything about the topic. you have missed every point i was trying to make in having your mind made up about the stock and the trade already so what's the use. You wouldn't be happy if I were to kiss your ****ing ass on State and Broad St. so what's the use. I was as honest about the trade and my feelings on making the trade plus the outcome of the first trade. I made my feelings on the second option play before the entire forum. Yet you have so much to say about the play but haven't taken a ****ing nickel out of your pocket to show your confidence. Spare me the bullshit. Put your money up or shut up.

you're one angry dude. Ever wonder how it affects your trading?

[skiracer]

you're one angry dude. Ever wonder how it affects your trading?

and your so typical.

[billyjoe]

I'm happy with a nice gain after holding many months, but as soon as I sold it made its fastest move in either direction since at least January. Very few people I associate with saw this coming. Most expected if anything that it would drop quickly even if they expected a long term uptrend. It's all a crapshoot in my opinion.

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

[Peter Hansen]

river definitely will check that out

I know you addressed this to Peter, but I can direct you to the new posts in the thread "The Spirit of 76 Top 5". There are some interesting comments there, including re. ACH. Good luck. Riverbabe.

River I will definitely check that out .that is what I love about this site ....we all watch each other's backs ......although an investor is the one to finally pull the trigger......it is nice to rcceive other opinions.

[Peter Hansen]

A1000 Thanx for considering ACH

At the moment ACH is at 47.29$. Peter, what do you think what is the best time to go in? Do you know what is its 1y target est? P/E is really good and technical data look great (http://stockcharts.com/h-sc/ui?s=ACH&p=D&b=5&g=0&id=0). Is there any spec. topics on this forum about ACH?

A1000 I go to www.bigcharts.com and looking at the chart of ACH perhaps when the stock hit its 20 SMA that would be a good buy point. It seems after hitting that 20 SMA, it appears to bounce up off of that resistance.

[Peter Hansen]

EDU Learning = Earning

New Oriental Education EDU close 7/6/07 $56.59 is based in China and provides educational courses. Its largest business is from young Chinese wishing to learn English. Many Chinese wish to come to America to live the "American Dream' .....and they know that English is their ticket out of crowded, low paying polluted China.
Courses are taught at many locations in China and business is booming. EDU is making money , and with the 2008 Olympics coming ....the government is placing an emphasis on learning English .
The chart and fundamentals good......EDU may be worth a spot in your Portfolio.