Quote:
Originally Posted by thetree
Thanks Tree!
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Quote:
Originally Posted by thetree
Thanks Tree!
that sounds right. but i think the industry avg is between 8-10x (if your talking about ng and oil).Quote:
Originally Posted by thetree
Nope, good to get back in when work is over. I was pretty lucky - it was about 12:20 pm when I got locked out, so everyone was at work, and I just moved and it seemed like using the bus would require a lot of transfers and going downtown. Ended up, I only had to change once, and the route was pretty direct.Quote:
Originally Posted by billhart22
You should see me look for my keys everyday, or worse, when I had to park in the big lot - me looking for my car for 30 mins after work.
Many of these shipping stocks have reversal candles (except DSX, which looks like it did bounce and is turning back around possibly), and landed on some support levels. The shipping index I follow also seems to hit a stopping point. The index has retreated much farther than the sectors and general indices that have seemed to pause on tops - I wish the rest would move. I thought of trying to get some shares AH, but thought I'd wait until tomorrow. But with the the rest of the market kind of paused - ie. slight breakdown, with a retest from last I looked, I'm hesitant. Any of you have any ideas? I'd like to see both the markets, and the ships move in unison - but also like to play the EOD of the candle reversals for a decent entry to allow for a tight stop (too late for that I guess). I guess a small position at first would be the best call if the open is up and the prices rise from there. I have to get to bed on time though.
http://www.scripps.edu/~davess/siri/ship1.png
http://www.scripps.edu/~davess/siri/ship2.png
I like the SHX better than BDI - seems to mirror market and some of the stocks better
http://www.scripps.edu/~davess/siri/ship-index.png
http://www.scripps.edu/~davess/siri/ship-index2.png
I like that..."The Spoke" :)Quote:
Originally Posted by Los Tiburones
Yes, I used a whole different set of muscles today and they are feeling pretty weak at the moment. As for my "Habit"....there is one good thing about it - More stock money without touching my bank account. I don't work cheap, lol. There isn't any sense in it.
How far are we going with this stock? How far can it go? I don't know now, because there is product attached to it. Once numbers hit I predict that we will be trading in the 2 billion a day mark at least. The price should go up. I am just not sure how high it will go on the initial run, so it is difficult to figure a price until the initial pullback. It certainly should be higher than it is now unless those wells start sucking instead of blowing! ;)
Tree gave a really good explanation.
I think I will go check "The Spoke" out, lol.
Dave, there are a shitload of charts out there that are so similar. Mglg really looks quite the same and I have seen a lot others that are doing the same thing.
If this market holds up it could be a good thing, but I am really leery about making any purchases in the Nasdaq and NYSE right at this time.
Pennies are in their own universe. :rolleyes:
They are money-making little devils though.
The BDI is looking really bad. All the indicators are pointing to doom also. I wouldn't be buying boats right at this moment.
Nice Chart, Dave!
Skillen on "The Spoke" made a very valid comment. He is one of the few guys that I will lend an ear to...here is his comment:
hope you realize that when the numbers are posted, it will only be for the initial 13 wells, not all 24.
Just FYI, but there is some news coming besides numbers that is also very exciting I believe. Hang tight dont trip, you will have all of your questions answered soon.