we have an important payroll number tomorrow. we have the market overbought and we have the market thinking that the fed is done raising rates. if we get a hot number tomorrow we could have a big reaction in both bonds and stocks.
Market Calls
- Thread starter inandlong
- Start date
I have to agree and we have a very nice consolidation day today so we are ripe.
Strong overhead resistance on all the indexes so it will be fun that's for sure either way she goes.
You've got to be favoring any long set ups first and let the market prove you wrong before attempting any shorts for any large move.
Wednesdays reaction to Oil's spike proved that beyond doubt.
Good trading to all
Strong overhead resistance on all the indexes so it will be fun that's for sure either way she goes.
You've got to be favoring any long set ups first and let the market prove you wrong before attempting any shorts for any large move.
Wednesdays reaction to Oil's spike proved that beyond doubt.
Good trading to all
One thing that has proven relatively consistent over the past several months to years is that these employment reports have consistently gapped stock indicies higher. I figure it just plays in with the beginning of month theme and oftentimes provides a decent opportunity for smart money to sell into it.
Senor Zen
Senor Zen
great idea...steel stocks...get big, let us know...
i have been exiting XLE and have no position now. i managed to bully into MON and have it long. anyone get a handle on the JPM trading profits rumor?
be good.
alex
i have been exiting XLE and have no position now. i managed to bully into MON and have it long. anyone get a handle on the JPM trading profits rumor?
be good.
alex
newbie here with a penny stock - please don't flame me. I am hoping someone would comment on the financing deal this company has - as it seems to good to be true.
stock symbol is PNDR - trading at a dime
company has a very interesting history - has a 52 week high of over 11 bucks - and was busted by the SEC for fraud. The former CEO was running up the price by trading with himself and another guy
anyway the interesting thing to me is that they are about to purchase a hotel and two golf courses right on niagra falls. They already entered into a line of credit for 250 million dollars that can be converted into stock at no less than 4 bucks a share. Yes 4 bucks a share.
it has a fairly low float total o/s of 58 million - float estimated at 36 million
they are also partial owners of a gold mine.
My DD to date is as follows:
Got lucky and spoke with their IR guy. He indicated to me that a PR will be released very very soon on the hotel deal. If they do close the hotel deal - this should indicate that the company is legit and hoping for a nice bounce.
Also asked a complete stranger ( who deals with mines ) regarding the gold mine. Show him some info I pulled up on a search. In short, the risk / reward for PNDR in this mine is worth the investment. He felt that their estimate of going into production in 2005 is aggressive depending on how much damage has been done to the shaft.
They also bought property in Mexico and are devloping a housing complex.
Company is basically a shell as of today with no balance sheet and just expenses.
I bought in already with an average price of .085.
stock symbol is PNDR - trading at a dime
company has a very interesting history - has a 52 week high of over 11 bucks - and was busted by the SEC for fraud. The former CEO was running up the price by trading with himself and another guy
anyway the interesting thing to me is that they are about to purchase a hotel and two golf courses right on niagra falls. They already entered into a line of credit for 250 million dollars that can be converted into stock at no less than 4 bucks a share. Yes 4 bucks a share.
it has a fairly low float total o/s of 58 million - float estimated at 36 million
they are also partial owners of a gold mine.
My DD to date is as follows:
Got lucky and spoke with their IR guy. He indicated to me that a PR will be released very very soon on the hotel deal. If they do close the hotel deal - this should indicate that the company is legit and hoping for a nice bounce.
Also asked a complete stranger ( who deals with mines ) regarding the gold mine. Show him some info I pulled up on a search. In short, the risk / reward for PNDR in this mine is worth the investment. He felt that their estimate of going into production in 2005 is aggressive depending on how much damage has been done to the shaft.
They also bought property in Mexico and are devloping a housing complex.
Company is basically a shell as of today with no balance sheet and just expenses.
I bought in already with an average price of .085.