Yet another stock market thread!

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PAB

Banned
Dec 4, 2002
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Yesterday I set a stop on CVX to cover my behind after their analyist meeting and I got stopped out with a small gain.

Decided to get back into a major integrated, and my choices were BP or XOM. I chose BP and put in a limit at 60. Took a nap and when I woke up, I caught the fill on the downswing so I could play the EIA numbers this morning and try to catch a point.

Numbers came out, crude and gas were shorter than expected but nothing really happened.

BP went sideways, XOM made that point I wanted.

Damnit.
 
S

Steve

Lifer
May 2, 2004
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How's the future look for Boeing?


My picks in that CNBC contest are loosely influenced by your posts ;)
 
D

DaveSimmons

Elite Member
Aug 12, 2001
40,730
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I'll stick with stock index mutual funds like VFINX. Buy, hold for decades, make 10-12% a year with zero work and no recordkeeping hassles for tax time. (Actually the foreign funds did > 20% last year but over time 12% is more realistic.)

It's less exiciting than gambling on stock-picking though, I'll admit that.
 
P

PAB

Banned
Dec 4, 2002
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Originally posted by: sm8000
How's the future look for Boeing?


My picks in that CNBC contest are loosely influenced by your posts ;)
Click to expand...

I bought the dip on boeing a little while ago, and I like boeing. I liked it at $85 but my broker was sick that day so I couldnt play it and I waited till 87.50 to pull the trigger. Right now its hovering at around 90, and the 52 high is $92, which it got very close to after that big order from CAL/Kuwait Air.

Four reasons why Boeing is and will continue to fly high....

Pin action. I hate airlines, I love Boeing. Its like hating smokers but buying stock in mighty MO (which JC put a buy on last night. I'm waiting for some more bloodletting btw.)

1. A380. Its gonna get delayed again. Airbus hiccups, BA goes up. Simple as that. Hey, that rhymes!

2. Fuel economy. Right now, Jet A is hovering in the $5 range. Thats not good for business. The inventories for crude and distillates are down, theres going to be pressure on prices throughout the next quarter. (Note, the EIA numbers came out and this is exactly what happened.) Fleet age/effieiency becomes more important than ever and theres a lot of old birds flying.

3. China and overseas markets are still showing a lot of growth. China's load factors are increasing and they're having a hard time accomodating for it. What this means: More planes, bigger planes, fewer delays.

4. American Airlines operates the worlds largest fleet of MD80's. They are the fleet workhorse with over 300 of them in revenue service. They're old, and will need to be retired in the next 7-10 years. The best drop in replacement is a 737NG or an A320. AA has always been a good Boeing and MD customer, and somehow I dont see a 300+ airframe order from American Airlines going to the French.
 
S

Steve

Lifer
May 2, 2004
15,945
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Thanks for the advice. I feel I overbought Google so I sold off a bit, as well as a good number of worthless shares of Sun. Tomorrow I'll pick up some Boeing with my newfound cash.
 
P

PAB

Banned
Dec 4, 2002
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Originally posted by: DaveSimmons
I'll stick with stock index mutual funds like VFINX. Buy, hold for decades, make 10-12% a year with zero work and no recordkeeping hassles for tax time. (Actually the foreign funds did > 20% last year but over time 12% is more realistic.)

It's less exiciting than gambling on stock-picking though, I'll admit that.
Click to expand...

I like equity funds, I dislike total market funds and I'm really not a fan of anything Vanguard offers. They have excessive overlap, asset bloat, and even though they are cheap to own - I feel that you can have a lot better choices in the world of growth oriented mutuals.

VFINX seeks to track the benchmark - you cant beat the market by owning it. Additionally, all VFINX essentially buys is S&P500 stuff - which can be great if you want mediocre returns. I prefer to be in smaller funds with a greater propensity to turnover and manage asset rotation more efficiently.
 
G

gilligans

Member
Mar 7, 2006
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TSL did 7% today, and i'm a happy camper. Its a Chinese company that makes solar panels for domestic and international market. It just IPOed 6 months ago at around $18. Now it is around $48 with a market cap of 1billion. Its never to late to jump in, this will double again in 6 months.

Keep this darling to yourself ;)
 
P

PAB

Banned
Dec 4, 2002
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Originally posted by: gilligans
TSL did 7% today, and i'm a happy camper. Its a Chinese company that makes solar panels for domestic and international market. It just IPOed 6 months ago at around $18. Now it is around $48 with a market cap of 1billion. Its never to late to jump in, this will double again in 6 months.

Keep this darling to yourself ;)
Click to expand...

I dunno, JC likes First Solar and right now I havent had a chance to do the homework on either. I'm trying to trade the volatility this week with the quad witching.
 
P

PAB

Banned
Dec 4, 2002
1,719
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Originally posted by: sm8000
Thanks for the advice. I feel I overbought Google so I sold off a bit, as well as a good number of worthless shares of Sun. Tomorrow I'll pick up some Boeing with my newfound cash.
Click to expand...

I just got some technical analysis in and heres a few more tidbits.

P&F chart on ATI looks good, poised for a run at 120 but 105-110 is more likely. Heavy buying on the dip at the 50DMA pulled the stock together very nicely for a strong finish.

I like ATI, I've traded it before and good stocks dont stay down for long. ATI is one of them.

Integrated's and Refiners are poised for a breakout. Holly, Conoco, and Sunoco are all looking good technically and appear to be ready to run. If you want to try and catch a few points, I like Holly and Sunoco because they're rallying near the 52 high.

YMMV!
 
S

Steve

Lifer
May 2, 2004
15,945
11
81
Originally posted by: PAB
Originally posted by: sm8000
Thanks for the advice. I feel I overbought Google so I sold off a bit, as well as a good number of worthless shares of Sun. Tomorrow I'll pick up some Boeing with my newfound cash.
Click to expand...

I just got some technical analysis in and heres a few more tidbits.

P&F chart on ATI looks good, poised for a run at 120 but 105-110 is more likely. Heavy buying on the dip at the 50DMA pulled the stock together very nicely for a strong finish.

I like ATI, I've traded it before and good stocks dont stay down for long. ATI is one of them.

Integrated's and Refiners are poised for a breakout. Holly, Conoco, and Sunoco are all looking good technically and appear to be ready to run. If you want to try and catch a few points, I like Holly and Sunoco because they're rallying near the 52 high.

YMMV!
Click to expand...

Thanks again! Actually ATI was the first thing I bought ;) I sold off my remaining shares of SUNW, and picked up some SUN and BA.

I also bought a few of the company I work for (AXE), any opinions on them?
 
P

PAB

Banned
Dec 4, 2002
1,719
1
0
Originally posted by: sm8000
Originally posted by: PAB
Originally posted by: sm8000
Thanks for the advice. I feel I overbought Google so I sold off a bit, as well as a good number of worthless shares of Sun. Tomorrow I'll pick up some Boeing with my newfound cash.
Click to expand...

I just got some technical analysis in and heres a few more tidbits.

P&F chart on ATI looks good, poised for a run at 120 but 105-110 is more likely. Heavy buying on the dip at the 50DMA pulled the stock together very nicely for a strong finish.

I like ATI, I've traded it before and good stocks dont stay down for long. ATI is one of them.

Integrated's and Refiners are poised for a breakout. Holly, Conoco, and Sunoco are all looking good technically and appear to be ready to run. If you want to try and catch a few points, I like Holly and Sunoco because they're rallying near the 52 high.

YMMV!
Click to expand...

Thanks again! Actually ATI was the first thing I bought ;) I sold off my remaining shares of SUNW, and picked up some SUN and BA.

I also bought a few of the company I work for (AXE), any opinions on them?
Click to expand...

Ew, SUNW. This is 2007 not 1997. Scott McNealy needs to be shot.

ATI is solid, I think it'll treat you well.

I have no idea on AXE, havent done any homework on them so I wont say anything.

Originally posted by: snoopdoug1
You know more than me :) How the heck do you keep up with all of this?
Click to expand...

My last date was February 24th 2003. :(
 
P

PAB

Banned
Dec 4, 2002
1,719
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Originally posted by: snoopdoug1
Originally posted by: PAB

My last date was February 24th 2003. :(
Click to expand...

Ouch - chicks dig money though... soon enough my friend.
Click to expand...

I'd rather not get a chick that was really interested just in money.

So, today's recap.

BP went sideways again. Damn.

CVX, which I took for a trade held and had a small pop.

ATI, which I said would run - ran to 103.50 and pulled back. I had an order in for 102.50 but I was being cheap and didnt get it since the lowest it went was 102.75. Damn quarter.

COP/SUN/HOC - All technically poised for a breakout, but couldnt break resistance. Damn. Lets see what happens tomorrow. I still believe the 52 week high should be bought not sold.

BA, flying high a point off the 52 week high. Go Boeing!

 
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