As Web's World Turns

[Websman]

Webs, did you see what EZM's doing AH? You're going to be rich pretty soon on that one

The bummer is, I wanted to add shares, but didn't expect the correction to last only one day

Looks like Cramer pumped it...That's not a good sign.

[B.J]

Looks like Cramer pumped it...That's not a good sign.

Good point. Didn't he pump GEMS within the last month?

[dmk112]

Cramer:Buy!Buy!Buy!
Webs:Sell!Sell!Sell!

[Websman]

I bought NXG today at 4.06. I'm predicting the market to turn back up on Tuesday...NXG will go with it...jejeje

CFK tanked hard today, so I went ahead and took my profit, just in case it keeps going down.

[Websman]

What??? Did I just hear Larry Kudlow say..."Will Jeb Bush run for president?"

Jeb Bush??? President??? I hope not... I've hung out with Jeb in his office in Tallahassee and have dealt with him elsewhere on a few other occasions. In my Vulcan opinion, Jeb Bush is not President material. He's a good guy to drink a beer with, but that's it. Surely Kudlow was joking...

Hang on......Ok, Jeb just said that he would not run for President... Whew...thanks goodness. I was getting scaqred for a minute.

[Websman]

I bought NXG on Friday at $4.06. I consider this a lucky buy...It as the low of the day.


Sold CFK

[Websman]

I bought NXG on Friday at $4.06. I consider this a lucky buy...It as the low of the day.


Sold CFK

Good thing I sold CFK...

NXG wasn't so lucky...I got stopped out for a loss today.

I'm down to two positions... IMOS and EZM. I'm not liking either on much and am setting my stops tight, but at least I have a profit on EZM.


So, the market has been tough for the past few days. It looks like the market may rebound tomorrow but I'm going to stay cautious.

I need a drink...jejeje

[Websman]

Call me chicken, but I'm sitting in cash for now.

I took profits on EZM and dumped IMOS for a loss.

Long or short? Only the VTP knows...

[grebnet]

Nxg

WEBS or anyone ???

Im looking for help.

I sold NXG ON 4/28 AT $3.97 ( COST 3.29) Then watched it go to $4.80. Earnings came out and I felt vindicated as it is now $ 3.80s. I have read the qtrly report and cant figure out what was so bad except possibly the hedging of copper and gold prices.

Have you or anyone read this : and have an opinion. http://news.moneycentral.msn.com/tic...501&ID=5685047

Im posting here because of your purchase ( and subsequent sale. )

p.s. Im posting a copy on my thread also.

[Websman]

WEBS or anyone ???

Im looking for help.

I sold NXG ON 4/28 AT $3.97 ( COST 3.29) Then watched it go to $4.80. Earnings came out and I felt vindicated as it is now $ 3.80s. I have read the qtrly report and cant figure out what was so bad except possibly the hedging of copper and gold prices.

Have you or anyone read this : and have an opinion. http://news.moneycentral.msn.com/tic...501&ID=5685047

Im posting here because of your purchase ( and subsequent sale. )

p.s. Im posting a copy on my thread also.

I don't understand it either. Poorman (Bruce Brotnov) bought it for his model at $4.05, so he must see something good in it. I wish I could have held it, but it hit my loss limit.

I will consider buying it again, but I need to see some strength in it first. Now that I sold it, it'll probably shoot up tomorrow...lol

[IIC]

Please look at the Metals and Commodities charts at Stockcharts...The correction started late last week...Please wait for the charts to get back above the trendlines...IIC

[thebign1]

Call me chicken, but I'm sitting in cash for now.

I took profits on EZM and dumped IMOS for a loss.

Long or short? Only the VTP knows...

OK.........your a chicken!!

[Websman]

Looks like going cash worked very well. I'll be looking for short setups...

[Websman]

OK.........your a chicken!!

Where have you been Bign1? It's about time you came back...

[Websman]

http://www.bloomberg.com/apps/news?pid=10001099&sid=aWT3vXShxJjE&refer=energy

Marc Faber, Dr. Gloom, Says Commodities May Fall (Update1) May 16 (Bloomberg) -- Marc Faber, the money manager who told investors to bail out of U.S. stocks a week before the 1987 Black Monday crash, said commodity prices may fall as much as 30 percent in three to six months.

``Asset markets, in particular commodities and the emerging stock markets, could correct quite substantially on the down side,'' Faber, 60, said in an interview from New York. ``As an investor, you may be better off taking some chips off the table right here.''

Faber, who has a doctorate in economics and publishes a newsletter called The Gloom, Boom & Doom Report, said he holds more than half his own assets in cash or two-year notes. He said he prefers gold over industrial metals including copper and zinc because bullion won't be affected by an economic slowdown.

The Reuters/Jefferies CRB Futures Price Index of 19 commodities, including energy, metals and agricultural products, fell 2.7 percent yesterday, the largest decline since July 1988, as prices fell for oil, copper and zinc. Gold in London had its biggest drop since 1993.

The declines signal an end to the five-year rally in commodities that sent prices to record highs, Faber said. Copper almost tripled in the year before yesterday's decline, zinc had doubled and gold was the highest in 26 years. Oil had risen 48 percent and reached a record high of $75.35 a barrel last month.

More Severe

``A lot of people think it's a buying opportunity because they are conditioned that when the markets go down, you buy, and then they go up and make new highs,'' Faber said. ``I think this is something more severe. Commodity markets and many stock markets could be down 20 percent, 30 percent over the next three to six months.''

Marc Faber, founder and managing director at Hong Kong- based Marc Faber Ltd., has been urging investors to buy commodities since 2001 and holds 10 percent of his personal assets in gold in a bank vault. The holding has earned 65 percent in the past year.

Gold's 5.2 percent drop yesterday below $700 an ounce for the first time in a week was a ``tiny'' decline, Faber said. Investors shouldn't buy gold now because prices may fall further to $550 or $600 before resuming its rally, he said. Gold closed yesterday at $677.40 an ounce.

The U.S. Federal Reserve can raise its benchmark interest rate further as inflation will accelerate. ``I'm a believer that interest rates in the U.S. are far too low,'' he said.

Faber said that that his other holdings include Asian real estate.


To contact the reporter on this story:Chanyaporn Chanjaroen in London at [email protected];Carol Massar in New York at [email protected]Last Updated: May 16, 2006 13:46 EDT