Very tough spot here

Better to just try to pick some day trades for a couple % until we get past this week and get confirmation.

DTO

Booked @ $23.20 buy from $22.63 Got my touch under $140 now I need Wednesday to bring nice inventory report ;)

Sorry guys I was swimming all day.

Yamana short

Shoulda waited 10 minutes longer!!!!!!! Oh well!!1

Good luck

Hope they accept your bid.

I'm looking to pull under $140 by the end of the day. (we shall see)

I can't believe SKF, I've missed the past 8-10% cause their hasn't really been a pullback to jump in & I don't wanna buy over $150.

You think POG gonna test $120 and maybe $110 like KOG??

Voting

Just on the new poll or the oil one too??? If you already voted the oil one, see if you can cancel and re-vote??

At least you can comment. How'd you make out with the house??

Yamana short

Covered @ $16.30, POG looks like it's gonna be rangebound with next move upward IMO

QMNM

Added on the pullback to .021 (50,000 sh) Hope they start processing this week as promised!!!!

Ron

Oodles of coal about to go into production. Looks like profit taking took place after the 900% run-up. Nice snap back this am up 13%+ Wanna see confirmation that they started production as they supposedly have contracts to sell @ $110/ton I believe??

DTO

Added @ $22.63

QMNM

I discovered over the weekend that it ran from .008 to .075 including 450% last Monday. For some reason my E-Trade streamer chart showed it as having started trading on Wednesday. Still gonna hold it as if they really have the coal they say and are really starting this week it should do fine. DYODD

ROTFLMAO

"The economy looks great"
"We're looking at a huge rally here"

You have got to be kidding me, where do they find these guys???????

DTO

Strictly a gut feeling. You know i'm not a big fan of chasing the easy play. Nothing wrong with laying out the long here as we will eventually get to $150 but I just don't think it's this week.

I got two lots of DTO planted last week when oil was approx $141.xx & $140.xx Love to get one this AM when oil is over $143!!!!

Good Evening Ron

Big week ahead, I like DTO right here, may get slaughtered but think we go back under $140 this week. Glad none of us panicked in AUY and kept accumulating all the way to the 12's. Now we reap the rewards. Remember book when they show 4-6% gains and buy back on any pullback. FULLPROOF!!!!!!!

AZK

Didn't you used to play that with me Latviski???????

I think it ended $4.88 Friday and made it as high as $5.3X last run.

Mainstream money will be going into Yamana like it has already and I did very well with GORO this year so far and see them as a $10 stock.

This assumes we continue to break through past $940+ in POG & don't pull-back.

Good luck with the house.

Weekends

Everyone enjoying theirs??? 90 degrees plus here.

Tonite is MONSTROUS IMO If we start to see a global sell-off overnight like MLK day in January, does Ben make a before market opens announcement tomorrow??

I still think the best play right here is DTO as oil is gonna go back under $140 IMO

POG & Miners have had a nice run here but is this THE move back over $1000 or do we get pushed back towards $850??????

Any thoughts on tomorrow and the holiday week ahead????

Cubed

He's just spreading amore'

Yamana

Shorted @ $16.58

John

Absolutely perfect buy!!!!

Am I the only DTO fan???? I love it. Gonna ride it for at least 8%!!!!

DZZ

Added @ $26.63 (smash down in Gold Monday???)

Ticker Forum??

How do I get to that bud??? Thats not Denninger's Market ticker is it??

The action is addicting Latviski isn't it? lol

My rationale is Monday we get some OIL/GOLD sales to help the books. The money either stays in cash or looks for deals, and they're damn sure out there.

I have no problem owning my UYG's at 23,22,21 just like I didn't mind when I had Yamana's in the 18's, 17's, 16's, 15's, 14's, 13's and it was in the 12's. I lay out my plants when I think it may be a turning point and I make my quick 4%'s on pullbacks like the EGO's this week.

UYG John

I started @ $23 and aren't bailing out like Bear Stearns day. LOVE it here!!!

EGO

Booked @ $8.47 holding a bit in case she runs to $10 like I hope :) I know against my rules not to book, but...

GRS - NotNow

Looks like she's running away. be careful for a pullback in gold and it's overbought a tad. Book at least half if you're up over 10% as it looks like it's run 20% since Monday.

Yamana

Only 5 more lots to book (Woo Hoo) lol

Ron

How's the band been???? Keeping busy??

Latviski

Sounds like a great deal, best of luck!!!!

Stillwater Mining (SWC)

Think I found it's range, should be easy 4% pickins from here on out!!

How you guys making out???? Markets hanging in there by a thread!!!! POG looking for a pullback???????????

Guys

I gotta head out for a couple hours, I apologize.

Be back by lunch

Amori

Welcome, go back and check out the trading style I preach here and you'll be convinced that it is a very solid method that can profit in any environment.

I welcome you to read the blog from the beginning and let me know what you think.

Feel free to comment any time.

Joe

Cramer

We should try to make a soundbite of him saying "You know nothing Axtone", we'd have to edit his famous "they know nothing".

Then you can post on GIM ;)

Cubed

My sister called Cramer and left her name and number and got a call back but she wasn't home and my mom offered to give her cell and the guy said he couldn't take it. It was for the lightening round. She called in and left a message that she was gonna ask about RIMM. Amazed they called.

So for FastMoney you have to e-mail? No call-ins???

POG

If you look at an 8 hour chart (netdania) we've just about broken out of the lower highs formation.

The Band of Bufoons lol

Did you really E-mail Cubed????

DDM & DTO

Started position @ $61.92 Had to think a lot about this one

Added DTO @ $22.75

DGP

Booked lot @ $22.60

BIHC

Selling off it's subsidiary Baron International for .19-.23/share and gonna issue a .07-.09 cash dividend. I can't find # of outstanding shares anywhere????? Should at least give the company some positive cash flow and the dividend will be welcomed by most.


Here's the story, anyone have any thoughts on what this will do to the share price???????




BIH Corporation Releases Estimated Baron International Acquisition Numbers
08:58 a.m. 06/26/2008
Provided By Market Wire
WEST ORANGE, NJ, Jun 26, 2008 (MARKET WIRE via COMTEX) -- BIH Corporation (PINKSHEETS: BIHC) announced today that its Board of Directors as previously announced has agreed to a buyout of its subsidiary Baron International, Inc.
The Company believes that its shareholders are entitled to an estimate of the pending agreement. The pending agreement is subject to a contractual due diligence period with a sales price already negotiated; the sales price is between 0.19 and 0.23 cents per share. The acquiring party has a 5 day due diligence period of which to accept or to decline the agreed upon acquisition price contractually.
The Company has already determined that if the above-mentioned occurs, it will pay a one time cash dividend of between 0.07 and 0.09 cents per share as recommended by its attorneys and accountants (for tax purposes) to each and every shareholder on the record date, to be determined upon the acceptance and executed acquisition agreement.
"Mr. Galo apologizes for the lack of direct contact with the company's shareholders as these negotiations not only have come out of the blue but they have taken up every minute of his time; Mr. Galo has expressed his desire to either complete this deal or to get back to business. Mr. Galo has made it perfectly clear if this unsolicited offer does not meet or benefit The Company and its Shareholders monetarily, it will not happen," said Frank Nordstrom, spokesman for BIH Corporation

Still flying

Oil & Gold still flying this morning, Gonna add DZZ & DTO @ 8:00 and book some DGP (own lots all the way into the $26's)

Monstrous day today, if we get another sell-off into the close then this market will officially be in full-fledged panic mode.

The only flaw in the trading method I use is that eventually we're gonna crash and not keep retracing up and down that allowing me to book the same money over and over again. Thats where my quick flipping ability will have to help offset the longs i'll be stuck with.

Morning everyone, and ideas on today??? Gonna be in the 90's so my inground pool is already looking nice :)

Cubed

I thought you had direct lines for those guys?? ;)

Cubed

Pete just said that the money would end up somewhere else like overseas. It could end up in Gold, Nat Gas, Coal, Ag............

Fast Money

Just heard some blurb about the house passing some sort of curb requirement on oil futures?????

HUGE fan of DTO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Latviski

Definitely, plus If you notice I do the same with DGP/DZZ (GOLD) and can grab 4% out of a miner pretty darn often. Buy the pullbacks and BOOK!!

I ABSOLUTELY love that DTO play.

Not too bad with the pennies today either.

UYG's

I got scared out on Bear Stearns Monday and booked losses then they flipped on me. Took me 2 weeks to get over screwing that up. I'll hold on for 6 years this time if I have to LOL

Booked $7.69 EGO buy

@ $8.03 Probably should have held but have one more lot and my motto is BOOK around 4%!!!!!!!!!

DTO

Position started @ $23.33 , LOVE this play

Added to DZZ @ $27.30

Booked SLW & AUY lots

amazing day guys

Thanks

We basically have the same ideas in our head so it meshes well.

Lot's out there like us so hopefully they come back.

Regardless of todays little pullbacks after the open I seriously like both the pennies I got into. Time will tell!!!!


I gotta take my mom to the Doctors, be back by 3 hopefully.

UYG

I try to plant at every dollar. Haven't had a chance to get any SKF and book the UYG's. Been working for about 6 months with SKF going $90-$140 and me making both ways by planting the one falling and booking the one rising.

I appreciate you keeping me company today bro. CoinLieutenant (John) is usually here every day???

I might be crazy but

I still think we're gonna rally back over 12,000.

If we get a 350-400 down day by 4:00 then that may be off the table!!

All out of DXD now after final book!!!!

UYG

Added @ $21.99

SLW making a nice run today finally!!!!!!!

Cubed

Tell Smaug that JoeGoog says thats the best post EVER!!!!! LMAO

GM

Definitely worth watching. whatta you guys think of shorting Goldman???? $177.50, still higher than it was last Monday?????????


I think they eventually go down??? Opinions??

just got back

WOW we broke 11,600 Gonna book some QID I had planted

Still waiting for an entry in DTO (oil $140?)

Pennies are tough for the weak at heart :)

Thanks for the kudos guys!!!

Cubed

Well then start entertaining us lol

11,600 is ready to break WOW

BRB

BRB

Gotta head out for a few, booked a Yamana lot (Gonna take till $18 to book-em all)

QMNM

I'm in basically at the start and if any of the info put out is true, should be a nice ride. I'd assume they'll try to take advantage of the fact coal has doubled in 3 months and send out press releases every hour!!! I think hype alone takes this to .05!!!!

WHere is the love

I know I abandoned you guys for a few weeks but believe me it was a personal problem that didn't allow me the access all day. Hope some of you guys come back, we had it really going.

I understand it's summer though and gold has been stagnant but you know we make money in any condition.

BOOK BOOK BOOK!!!!!!!!! :)

BOHICA lol

Forgot about that. I'm sitting on my original buy, looks like the subsidiary is gonna be sold off pretty quickly but who's to say they don't get some magic beans for it????

Pennies

Haven't played them in over a year. Definitely gives you a rush. Lot of day-traders look to pump .005 moves in them to grab 10% quick. Looks like a trend in BIHC so far, morning pop then settle back. Maybe a late day buy today??

EGO

Booked $7.23 buy @ $7.52

Latviski

You agree on the QID play???? Hasn't gone down anywhere's near the DOW or S & P!!

Latviski

You agree on the QID play???? Hasn't gone down anywhere's near the DOW or S & P!!

QMNM

Just got call this AM, bought in .027 this AM, Coal mining company

BIHC

Gonna pop, agreed to sell their subsidiary and bid/ask is .025 while close was .015 yesterday!!!

DTO

Watch to enter when oil passes $140, there WILL be a pullback soon after it does.

SLW

Booked @ $13.39 most recent buy @ $12.70

Still holding lots up into the $17's :(

SWC

Booked position started last week @ $10.82 @ $11.34

You guys think we could get back to the $18-20 levels? This is THE MAIN Platinum play out there.

Cyclist

Nailed the 26th date athough he had it as a turn/high

DGP & DZZ

Booked DGP @ $21.99
Bought DZZ @ $27.86

Waaaayyyyyy too quick of a rise

Morning guys

Nice move by Gold overnight, shorts look like they're gonna pop this AM & QID looking like it's FINALLY ready to get moving. Nasdaq been holding up EXTREMELY strong this move down as QID should be at $55 to equate to DXD's move and is barely above $42. A couple more tech misses could send it reeling IMO!!!

SKF at a breaking point as well so UYG MUST be considered at these levels (low $22's)

Ideas fellas???

RIMM

No, I made that buy before the close in the $142 area then bought in the $126's after the drop and booked that buy in the $132's.

Any opinions on SWC Stillwater Mining???

RIMM

Booked that buy @ $132.34

WOW

Nice call on RIMM John

Added @ $126.67 We shall see

Sorry

Had to get mom something to eat.

SKF plowing right along. UYG almost to the $23 area NotNow

Just took the plunge with RIMM $141.58 & UYG $23.04

Latviski

Just like the majority of us voted in the poll. Another chance to utilize the SKF/UYG trade (or whatever you choose). We're not getting to 13,000 like last time but 12,200-12,300 is possible.

JMO DYODD

DTO

Bailed @ $25.22 for tiny loss

I think we break $140 now.

I get that gambling rush LOL

Seems to me he's putting inflation at the front. Let it clear for a half hour or so then see where we want to go.

???????????

Very tough call as to what the reaction is going to be. Basically it depends on whether Bernanke puts Inflation at the forefront of the slowing economy.

DGP

Closing in on a buy zone ($20-$20.25)

RIMM & SLW

My last SLW buy $12.70 yesterday.

Great approach with RIMM, usually profit taking is VERY quick when she pops.

BIHC holding .015/.016 area, gonna attempt to day trade it for quick 10% moves tomorrow!!!!

NotNow

Let's put it this way, if you think TPTB will find a way to prop the market again then it's still a nice entry point.

When I announced it @ $23, that was basically the low for UYG.

I don't think you can go wrong buying in here IMO

BRB

Heading out for lunch, be back before the Fed's decision.

Good luck guys

NotNow

FWIW, for future use, I start buying UYG once SKF hits $118 and buy every 3-5% up (down for UYG) Then when we reverse you're ready to start booking the UYG's and i'll start adding SKF's usually around $125 but i'm thinking $130 could hold in this environment.

I anticipate UYG getting to the $27.50/$28 area unless the levee breaks. DYODD

NotNow

You made a nice profit so don't think of the shoulda/woulda/coulda's :)

DZZ

Booked some @ $29.94

$30/31 has been the high (low for POG lately)

WOW

POG taking a hit with the oil news!!!

Started a position in DTO @ $25.42

DTO

For those who played DCR with me (double short oil), DTO is the new play as DCR is expiring. It's from Duetsche Bank and is where we head if oil corrects.

EGO

Added @ $7.23

Can't find any news but know the run-up has been huge?????

BOHICA

LMAO!!!! Here It Comes Again lol

Good points

When it does pop, the profit taking is quick so you can't be too greedy.

John, if we're going down in the market then RIMM is a great Put, what month you thinking??

BTW BIHC down to .012 May add @ .01

RIMM

Exactly, 1st quarter this year I rode it from 106-124. You think they'll blow out like they usually do???? Definitely is overbought like you said but I think $160 possible if market holds up and they blow out JMO

UYG

Booked a quarter of my holdings :)

Love to see SKF back under $130.

Remenber BOOK and PLANT the opposite!!! (SKF/UYG) full proof plan!!

BIHC

Nice action early, quick million shares and up over 30% again .025. Like to see it break the .03 from yesterday to see some follow through.


EDIT: Spoke too soon, back to .02 (up 8%) with another million shares

Big Day

Everyone got their guns and ammo ready for today???

A play I like today is RIMM which is a tad lower this AM @ $139.20. Made it as high as $146 I believe last week and they report after the bell. You guys remember the past few quarters they've had, ABSOLUTE BLOWOUTS!! Re-assess this play after 2:15!!!!

BTW Good Morning

BIHC

Nice close with 500,000+ shares going at an average of .019 last minute of trading and close @ .02.

This thing could have pulled back quickly on heavy profit taking but didnn't and I'm interested in the next day or two. Thinking of a substantial buy??????

Cubed

Sorry, didn't see the SLW question. We chatted about it on the phone earlier, but now we're under $13 WOW!!!!

Silver Wheaton Corp. (SLW.T, C$13.56, -C$0.12, -0.9%) plans to raise up to C$136 million through an offer to induce the early exercise of publicly traded warants. It also raised its debt capacity by US$100 million to US$400 million and named Gary Brown as chief financial officer.

This is all I could come up with. I remember CoinLieutenant mentioning a Gold Wheaton to be launched, Maybe something connected?????????? John, any ideas????

I gotta admit

You are the one that got me into the indexed UltraShorts and if you went back and read the blog from the start you'd see how well EVERYONE one here has cleaned up the past 3 months or so. I apologize that noone's around on your first day but we'll pick up and most of us have similar strategies. Plus it's more of a personal touch with us (although I still follow KOG & Cyclist)!!

Exactly Latviski

On Fed days i'm always the lightest and even wait till the next morning most times as the knee-jerk reaction usually ends up being wrong.

Hour to go and it looks like BIHC is heading towards .015 Monstrous profits made today, wish I found out yesterday!!!!!

BIHC

Some of you guys who don't scroll down and check old messages, wanted to let you know I posted about a penny stock that might tickle your fancy :)

Joe

Bernanke's dilemna

What do you guys think is going to happen to the main markets after tomorrow???

If we teeter at these levels going into 2:15, then I think we're gonna get hit hard. A nice decline would have been healthier for the markets today IMO and would have allowed TPTB to spin something out of the statement to reverse the sell-off.

Opinions????

Good head on your shoulders

You'll do great in the real estate gig.

This guy who gave me BIHC is the same who gave me FMXL like I stated and also told me about gold when it was in the high $300's (told him he was nuts then lol)

I have a lot of experience with these pennies from before I hit one big. Lot of people gonna be trapped in the .03 area it hit today so we gotta hope buyers get in or they'll start bailing if it looks like a 2 day run up then pull back. I like that they're buying shares back as well.

BTW

Sorry I wasn't around this AM as my cell decided to jump into the pool so I had to get a new one.

Latviski

Did you check out the article I posted?? I know all pennies are EXTREME gambles but I like that it pulled from the .03 high and the volume has spiked from basically zero three days ago. Like I said, he tells me that they are going to be looking for .20 cents as a buy out price. I'll take a run from .02 to .10!!!!!

DEFINITELY DYODD

Still trying to dig up info, lemme know what you think

Some info on BIHC I grabbed 50,000 shares @ .02

http://findarticles.com/p/articles/mi_pwwi/is_200806/ai_n25479398

Penny if interested

My buddy who gave me FMXL which ran from .01 to $4.61 in 2 months early 2006 gave me a company named BIH Corp (BIHC)OTCBB

I am just starting to research but he bought in at .005 yesterday and it ran to .03 today (600% fellas)

Currently at .019, i'll keep you guys posted after I check it out. Worth at least $100 investment IMO and if his .20 goal comes true, $$$$$$$$$$$$$$$$$ He said theirs an offer to buy them for .20!!!!!

EGO

Hope people listened as it should get back to $8.50 pretty quick.

UYG

$23.04 add ( I love going against the norm) lol ;)

EGO

Beautiful entry (added @ $7.69)

DCR & DGP

Took another shot at DCR (lesser amount) @ .1215 and DGP @ 20.75 (time to start accumulating DGP again)

NotNow I still say UYG will make a move before it see's $23!! JMO DYODD

DCR

Awesome play this AM, in @ .12 out @ .15 :) $$$$$ 25% Still shocked that they allow pre-market trades?????????

It'll probably run to .20 now!!

Early plays for today (Monday the 23rd)

EGO looks like it may pull back to the mid $7's on a POG pull-back which would be a healthy breather from it's recent run-up which I think will eventually get us to the $10 area late fall!!!

DCR VERY interesting if you got the balls to play with it. closing out in 3 days I think but you know the vultures will be taking stabs at puching it up on low volume so try to go along for the ride for some MONSTER % gains (40-60%) DYODD & USE EXTREME CAUTION!!

UYG is a strong play IMO even if you're just planting some and still owning SKF.

Good Morning everyone :)

Joe

RON

The SKF counterpart is UYG which is VERY close to an all-time low and I purchased a few lots late last week.

I appreciate everyone's comments and figured that the summer months would be MUCH more difficult to keep the blog running at full speed.

Lieutenant, I agree with you in that the Fed is out of bullets but for some reason do NOT see us breaking the March lows this trip. I think we get a head fake to the 12,300-12,400 area where we get yet another chance to retrace our profits in our shorts.

Hope everyone is having a GREAT weekend

Joe

NotNow

Sorry I missed your comment. I too have Yamana lots from thwn $18's on down buy=t have flipped quite often from the $13's to $14's.

As for SKF, all things are pointing to a record high (over $150), but I smell a rat at these levels and bought some more UYG today.

We are on the cusp of an extremely dangerous time period for the financials and TPTB may be up to something????

Lack of interest

Went 36 hours from when I was welcomed back until the next comment so I figured most had lost interest??????

I'l not gonna post real-time trades anymore (most of you know what they are and that they are 90% of the time booked for profit). Instead i'll be giving my ST, MT & LT outlook on our favorites (individual stocks we utilize the most, sectors we use the most (ie ETF's) & indexes).

On top of this i'd love any questions you guys might have on my outlooks and any outlooks you may have.

Hopefully we can all prosper this way.

Will post ALL this weekend.

Expect a LOT of posts LOL

Joe

????????????????????

Just added some FGOC @ .46 & .47 VERY strong support here and news was released of two new properties acquired today and they also mentioned that the main focus is on getting production started at Relief Canyon which should occur in August. The pullback from .87 three weeks ago has occurred on minimal volume and we should gap up from here pretty easily IMO

She's been GREAT to me so far. DYODD!!!!!

SKF

Booked $120 buy @ $124.92

NXG

My sister has some lots so I told her about the action you saw. The price isn't moving like you said so no idea what to make of it???

Gold Wheaton

Should be fun to follow, but like you GF, i'll stay away for it's initial stages.

Thanks for the link!!

QID

Started position again @ $38.92 (Nice ride from $36-$42 last week) $$$

Northgate Minerals

The ticker is NXG Ron. Whats this Gold WHeaton GF???

VERY important day today with PPI coming out and we're sitting in the 12,200's where a strong sell-off or strong rally could occur. JMO

As for POG, I'm hoping for one last test of the $860's then our ride over $900!!!!!

FGOC

Any of you guys able to cash in on the 75% move a few weeks back???? I was able to book a good portion between 30-50% and just finished adding them back with a purchase at .51 today. Once they start pouring in August, thus creating some revenue, we should blast past $1!!! IMO

SWC

Started a position in Stillwater Mining @ $10.82.

Booked PAL buy from $5.03 @ $5.47

Goldfinger

Good luck with those. Got yourself spread out all over the place LOL

You think Gold is done for the summer? Or another run at $950??

UYG

Booked @ $26.98 buy at $25.05

SKF

Added @ $120 even!!!!

Booked Yamana @ $14.38, bought @ $13.58

Have I learned my lesson yet????

With DCR????? Took the loss @ .32 cents. AMAZING run in oil today, luckily POG is following!!!

DGP

Booked @ $20.76 buy from $19.95

Thanks guys

EGO looking great if it opens around $8!!

Anyone have new plays they've made????

Oil

Down .60 cents so far. Would love to see $131 area tomorrow. DCR expires June 25th with a value of ($120-Price of oil)/3 so if oil is above $120 then value will be NOTHING :0

BTW Cubed, it was "poppin" not "snappin" ;)

Extremely Sorry

For abandoning you guys. Nothing to do with a girl at all. After my drive back with my mom's car I decided to stay with her for a while and didn't have it in me to be posting all day. I should have at least checked in from time to time and deeply apologize for that.

She's doing better and i'll be 100% back as of NOW. I'm sure everyone knows the buy & books i've been doing as of late, ie) Yamana, DGP, SKF, QID..... and hopefully everyone else has done well this pullback.

I took a BIG gamble in DCR Friday @ .39 hoping for anice oil pullback tomorrow morning.

Hopefully you guys are still interested and once again I apologize.

Let's get em guys!! :)