In Autos, the inventory to sales ratio is getting a bit concerning. Been creeping up for the past 18 months, it at the highest since 2008. Still can go higher, but something to keep an eye on.
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In Autos, the inventory to sales ratio is getting a bit concerning. Been creeping up for the past 18 months, it at the highest since 2008. Still can go higher, but something to keep an eye on.
Thanks waldo!
Quote:
Originally Posted by waldo29
Look at the bright side. Stocks won't go down Saturday or Sunday :)
I don't think I have seen so much pessimism in the market since 2008 - 2009. That's one of the biggest reasons I am an ultra Sirius bull again for the next 5 years. That plus Howard audio and video!
I made a ton of money by going against the herd and investing back then. I am planning on repeating. Buy when there is blood in the streets
Attachment 1636
Once again the market opens green, and then the rug gets yanked. Of course I wish I sold the rest of my position when it was 4+, but isn't that always the way it goes? As far as market confidence, I suspect it is a case of putting as much downward pressure on all equities to make room for another substantial run. Where the markets were standing, it seemed much too high to continue upward IMO. I think there will be a bottom whether the China markets stabilize or not. Although this may be looking a lot like 2008 all over again, the mechanics and fundamentals involved are simply not the same or nearly as dangerous, once again, IMO. I do agree with Muscle and am looking for a point to load up. I can imagine we may see at the very least 3.65 before stabilization.
Agree with your sentiment and also your observation that this is not like 2008 at all. Sure, there may be problems out there but they are a whole different set of problems than investors faced in 2008.Quote:
Originally Posted by bdp.
Looking for a bit of a relief rally, 38.2% (3.92) retrace @ a minimum, roughly @ the 150/200 day. It may stall for a bit @ 3.86/3.87 (23.6%), but it should push through. Fib is your friend, all lined up for playing long and short.
Thanks Waldo!
Quote:
Originally Posted by waldo29
I love this Israeli companies... 1 gigabit speeds over existing copper telephone lines. This is HUGE! Oh Yeah Baby!
http://venturebeat.com/2014/12/08/is...it-per-second/
Oil has to hold a bid here @ ~30.50 (wti) 31.00 (brent), or we will have some additional selling on the equity side.
No strength in oil = no relief rally = no good.
Yup... If it goes over $31 then watch it run to $41. :)
Quote:
Originally Posted by waldo29
I never thought I would feel pissed at the low price of oil!
And on another note, Sirius sucks ass once again, right on schedule.
They never get a break. I swear... anytime they have good news, the economy goes into a recession or oil drops by 50% or something happens to take away from the stock and company. Never f'ing fails
Quote:
Originally Posted by bdp.
Early am and I just checked Siri. I am looking at a 3.60 print. Is this right? WTF? Old Sirius all over again! I suppose we are being greased another Liberty offer!Quote:
Originally Posted by midas360
Quote:
Originally Posted by bdp.
Yeah, saw that too. happened @ 4:17 am. there was a 3.96 trade as well. The theory would be, with the bookends defined, that is the range they (this particular MM) want to keep the stock until they finish the accumulation. Probably low on shares or trying to fill a larger order.
http://www.nasdaq.com/symbol/siri/premarket?time=1
MM 'signals' for pm/ah trades outlier trades
100 - I need shares.
200 - I need shares badly,but do not take the stock down.
300 - Take the price down so I can load shares
400 - Keep trading it sideways.
500 - Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal.
505 - Short on Shares
911 - Pending News
I have been aware of this idea for years, but can it be proven to be fact? Have you ever observed absolute consecutive movements based on this? For example, there is currently a 300 bid at 3.66. Is that where the sp is heading since it is a take down request?Quote:
Originally Posted by waldo29
Good point. I did an article a long time ago about this and I will say that we did see a lot of this "signaling" when SIRI was a penny stock. Man it was fun to watch. Waldo knows too. We watched it like clock work. Remember BDP? I am sure you do too.
Quote:
Originally Posted by bdp.
I do remember. But I also remember putting it into practice and it did not work out so well. If this was truly an mm signaling system that could be proven to be so, I can only imagine the inevitable legal repercussions.Quote:
Originally Posted by midas360
Nothing concrete, its all mild theory (to me). But there is probably some sort of communication going on. For this one, its probably just a request by one market maker for something, who knows if the others will give them what they want. It could be them just ordering a foot long cold cut combo. The rules holding true all the time I think is the fantasy part, too easy to track.Quote:
Originally Posted by bdp.
Market seems dead set on visiting the flash lows of 8/24. Volume is not all that impressive, sort of orderly deflating. VIX seems like its knows whats going on, but does not care.