Hot Pick Of The Day

[spikefader]

WOW!

I'm down 3% overall, just this morning. The run-up recently has been nice, so it doesn't seem like it's too bad, but I am going to be dropping a lot of my stocks throughout the day, and keep cash ready for the next big move in either direction.

Peanuts, wise move dude. Potential for correction is very high now. I think we have a short-term top and correctives are about to be delivered rather quickly. I'm looking for 400-800 point Dow correction. I also suspect AAPL will disappoint tonight, and that'll be some bear fuel. After hours action will be worth watching. Good shorts are YHOO EBAY and IMCL. Caution longs!!

[Tatnic]

Mild sheet steel is just mild sheet steel Billy. Maybe the older car bodies of the 50's and 60's were made from a thicker gage and it's obvious that the construction was quite different but I'll bet the alloy of the steel was pretty much the same. Now it might be the cars made in the 70's just had "bad coatings" on them. Mid 70's Chevy pickups were notorius for rusting out very early.

steel of old was not galvanized. All modern cars are made from galvanized sheet metal. This is also the bone of contention with car makers since its the galv. steel that has the highest tariffs and they're fighting tooth and nail to get those tariffs removed.

[peanuts]

Peanuts, Excuse me for being such an uneducated redneck but how does one become "educated" in "big picture" steel commodity evaluation? Is there a particular steel correspondence course I can order to further my education? I wonder how many toasters you can make with the steel consumed in one small commercial steel building that is not built due to interest rates or other economic conditions? Maybe that kind of thing is discussed in the course?

Lye, come on, dude. You rednecks drive me crazy sometimes. Do you need to see my credentials?

I wonder how many people are in China compared to the US... hmm, we just hit 300 Million today, China has 4 times that. And, I would venture to guess that less than half of those 1.2 Billion people have toasters. Your vision is sharp, but your scope is off.

You'll regret that you didn't build that small commercial steel building now instead of waiting until interest rates are even higher... along with the price of steel. Consolidation will keep pricing advantage with the producers.

[peanuts]

...All modern cars are made from galvanized sheet metal...

Really? The DeLorean and the Saturn are the only cars I know of which were made of non-rusting body parts...

Industrial coatings have been drastically improved through material science advancements since the 70's
Steel processing technology has improved the quality of steel made each decade

[Lyehopper]

Really? The DeLorean and the Saturn are the only cars I know of which were made of non-rusting body parts...

Industrial coatings have been drastically improved through material science advancements since the 70's
Steel processing technology has improved the quality of steel made each decade

So you're saying that the reason a Chevy truck manufactured in 1975 rusted out quicker than one made in 2005 is because the mild steel was inferior (and had too much iron) in the year 1975 as compared with today? .... Well yes, that is what you said. You pull this stuff right out of your ass don't you Peanuts?....LOL!

[peanuts]

So you're saying that the reason a Chevy truck manufactured in 1975 rusted out quicker than one made in 2005 is because the mild steel was inferior (and had too much iron) in the year 1975 as compared with today? .... Well yes, that is what you said. You pull this stuff right out of your ass don't you Peanuts?....LOL!

careful Lye, there is a bit of seriousness to me

[billyjoe]

So you're saying that the reason a Chevy truck manufactured in 1975 rusted out quicker than one made in 2005 is because the mild steel was inferior (and had too much iron) in the year 1975 as compared with today? .... Well yes, that is what you said. You pull this stuff right out of your ass don't you Peanuts?....LOL!

Sorry if I opened a can of worms here. Tell yah what. You boys make up and I'll give you each a nice '75 Dodge Monaco. Pick them up behind my barn . They may be in several pieces.

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

[Tatnic]

Really? The DeLorean and the Saturn are the only cars I know of which were made of non-rusting body parts...

Industrial coatings have been drastically improved through material science advancements since the 70's
Steel processing technology has improved the quality of steel made each decade

the delorean was made of stainless...the saturn is plastic near as I can tell.

[Lyehopper]

Sorry if I opened a can of worms here. Tell yah what. You boys make up and I'll give you each a nice '75 Dodge Monaco. Pick them up behind my barn . They may be in several pieces.

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

My research shows that pre-1982 cans used in your basic "can of worms" were all galvanized due to high iron content and poor metal mixing at the can rolling mills.... I am an expert on cans of worms.

[New-born baby]

Buy Dxd

Peanuts, wise move dude. Potential for correction is very high now. I think we have a short-term top and correctives are about to be delivered rather quickly. I'm looking for 400-800 point Dow correction. I also suspect AAPL will disappoint tonight, and that'll be some bear fuel. After hours action will be worth watching. Good shorts are YHOO EBAY and IMCL. Caution longs!!

Right here is where you buy DXD. DXD runs inversely to the Dow 2:1!!!!!!

[Tatnic]

Peanuts, wise move dude. Potential for correction is very high now. I think we have a short-term top and correctives are about to be delivered rather quickly. I'm looking for 400-800 point Dow correction. I also suspect AAPL will disappoint tonight, and that'll be some bear fuel. After hours action will be worth watching. Good shorts are YHOO EBAY and IMCL. Caution longs!!

the core cpi is a much more important number than the ppi and its not out of line with what everyone expected. You guys need to learn your market mechanics better and not get frightened out of little dips. If we have a strong finish this week, look for a down week next week.

[skiracer]

the core cpi is a much more important number than the ppi and its not out of line with what everyone expected. You guys need to learn your market mechanics better and not get frightened out of little dips. If we have a strong finish this week, look for a down week next week.

Ya know what I left behind a long time ago is trying to determine which way the market is going to go. Especially trying to read anything into these reports etc. I can appreciate Spikes reasoning because he trades in the Dow mini futures I think but other than that I don't think in todays world it matters as long as you are on top of the current trend whichever way it is going to go and once that is determined play it as it shows you what it is doing.
Everyday is a different scenario and in my opinion should be approached from that perspective. Especially if you are trading equities over the short term. You don't necessarily go long when it is definitely trending down and you don't go short, except on specific setups even within a clear uptrend that show you the stock is going down, in a clear uptrend. Isn't that all you have to know if you're trading equities? Only you have to understand that and control your emotions and what you think rather than what you see it doing.

[Rob]

Really? The DeLorean and the Saturn are the only cars I know of which were made of non-rusting body parts...

I don't know if it's still true, but in earlier days they made the Corvette bodies out of fiberglass. No rust there.

[Tatnic]

Ya know what I left behind a long time ago is trying to determine which way the market is going to go. Especially trying to read anything into these reports etc. I can appreciate Spikes reasoning because he trades in the Dow mini futures I think but other than that I don't think in todays world it matters as long as you are on top of the current trend whichever way it is going to go and once that is determined play it as it shows you what it is doing.
Everyday is a different scenario and in my opinion should be approached from that perspective. Especially if you are trading equities over the short term. You don't necessarily go long when it is definitely trending down and you don't go short, except on specific setups even within a clear uptrend that show you the stock is going down, in a clear uptrend. Isn't that all you have to know if you're trading equities? Only you have to understand that and control your emotions and what you think rather than what you see it doing.

One of the most successful hedge fund managers, I think his name was Simmons, has started a new fund that focuses on equities only and its holding period is going to be months and years, not hours and minutes. Hey, if we can scrape up 20 million between us all we can get in!

[Tatnic]

Lye, come on, dude. You rednecks drive me crazy sometimes. Do you need to see my credentials?

I wonder how many people are in China compared to the US... hmm, we just hit 300 Million today, China has 4 times that. And, I would venture to guess that less than half of those 1.2 Billion people have toasters. Your vision is sharp, but your scope is off.

You'll regret that you didn't build that small commercial steel building now instead of waiting until interest rates are even higher... along with the price of steel. Consolidation will keep pricing advantage with the producers.

Peanuts, in all due respect your post is a little condescending don't cha think? You may not be so cocky if those comfy little steel tariffs get eliminated...my guess is that the upcoming election will bring a new focus on those tariffs. And what makes you think interest rates are going up? What are your credentials to make that prediction?