Thursday, January 31, 2008

20080131 PM

DJIA 12,650.36 207.53
NASDAQ 2,389.86 40.86
S&P 500 1,378.55 22.74. Look for 1440 next mid-week.

ANO 3.3. Accumulating here for long term hold.
SEED 7.9 +.13. The spike to 12 earlier this month had volume. Potential long at low 7s.
WM

Tuesday, January 29, 2008

20080129 PM

DOW 12,475.18 +91.29 (+0.74%)
NASDAQ 2,354.10 +4.19 (+0.18%)
S&P 500 1,361.29 +7.32 (+0.54%)

Markets waiting for Fed announcement tomorrow, expecting rate cut.

Monday, January 28, 2008

20080128 PM

DJIA 12,383.89 176.72
NASDAQ 2,349.91 23.72
S&P 500 1,353.97 23.36

Silver up, and gold up to 929, and platinum up.

MELI 42.6 -11.46. Had a partial long position that wasn't closed Friday morning, and got smoked today on the gap down.
SSO 70.25 +2.48. Was able to buy and sell options intraday for 20+%.

Thursday, January 24, 2008

20080124 PM

DJIA 12,378.61 108.44
NASDAQ 2,360.92 44.51
S&P 500 1,352.07 13.47

ANO 3.61 +.4. Looks to soon test mid-4s.
SIGM 45.81 +3.94. Plan to stay long for a few days. Look for 52 then maybe 59.
COP 74.47 +2.74. Counter-trend bounce, especially considering sinking price of oil.
AKNS 8.13 +1.08. Squeezed up the last two hours. Ended at high of day. Shorts are trapped. Watch how it handles 9.5.
SOLF 16.15 +.66. Intraday reversed off low of 14.3. Today could have stopped the downtrend for now.
GMO 9.83 +.33. Closed long position today at 9.8.
MELI 56.64 +6.62. Bought today. Supposedly Cramer mentioned this name on his evening show today. December 27 high was 81.17. Next target is 65.5. It had great volume at 81.

Wednesday, January 23, 2008

20080123PM

DJIA 12,270.17 298.98
NASDAQ 2,316.41 24.14
S&P 500 1,338.60 28.10 Going to 1400 quickly.
Markets wouldn't go lower, so short term bullish. Anticipate this will run up quickly.

SKF 106.03 -16.77. Big volume. Should have looked at this for a short today.
SRS 106.76 -21.74. Big volume.
SSO 68.91 +3.35. Went long intraday for a few hours.
PGH 16.19 +.34. 16.8% dividend. 52 week low yesterday.
GMO 9.5 +.78. Day range 8.29 - 9.65. Went long.
MTG 16.1 +.05. In the morning made 52 week low at 10.4, then reversed and went sharply higher near the close. Can go for about 19.5 then 22.44. Not an investment stock to hold long term.
SIGM 41.87 +.78. Looks to test 43.
ANO 3.21 +.1. Good volume. Look for 3.75 then re-evaluate.
SOLF 16.81 -2.19. Weak when markets were up.
INCY 11.64 +.37. Yesterday it didn't break down, so this biotech is likely to try for 52 week high of 12.72 from January 8, 2008.

20080123 1151

DJIA 11,792.27 -178.92
NASDAQ 2,230.49 -61.78
S&P 500 1,286.22 -24.28

SOLF 17.11 -1.89. Looks to retest some part of yesterday's low around 16.

20080123 1113 Buy for a bounce

DJIA 11,858.28 -112.91
NASDAQ 2,251.66 -40.61
S&P 500 1,295.12 -15.38
Stepping in to buy a broad bounce that should happen the next few days.

XLF 26.57 +.52. Keep an eye on this.
SIGM 41.16 +.07. Shown relative strength lately. Buy.
SSO 64.35 -1.27. Ultra S&P500 ProShares. Buy.
ANO 3.2 +.09. Buy more of this platinum miner.

Tuesday, January 22, 2008

20080122PM

DOW 11,971.19 -128.11 (-1.06%) Day range 11,634.82 - 12,092.72.
NASDAQ 2,292.27 -47.75 (-2.04%)
S&P 500 1,310.50 -14.69 (-1.11%)
Foreign markets sold off last night 5%-7%.
Fed cut .75 before market open.

ANO 3.11 -.09. Day range 2.77 - 3.19. Buy more here.
SIGM 41.09 +.9. Relative strength.
FXP 97.5 +10.5. High of day 108.89. Look to buy around 85.
RIO 26.85 -1.98 with volume. Looks to retest August 2007 low.

Friday, January 18, 2008

20080118PM

DJIA 12,099.30 -59.91
NASDAQ 2,340.02 -6.88
S&P 500 1,325.19 -8.06
People are still buying the down days.

SIGM 40.19 +4.71. Can bounce to 48 then 50.
MOS 80.02 -.98. Potential short after a bounce.
MON 105.75 +6.14. Potential short after a bounce.
FCEL 8.19 -.29. Look for a buy around 7.
MHS 103.95 -1.90. Potential short after a bounce.
DISH 27.95 -.2. 52 week low, and can go lower.

Thursday, January 17, 2008

20080116PM

DOW 12,466.16 -34.95 (-0.28%)
NASDAQ 2,394.59 -23.00 (-0.95%)
S&P 500 1,373.20 -7.75 (-0.56%)
Buyers came in before lunch. Markets need a lot more fear to make a good bottom.
Silver down .42 and gold down 18.

SOLF 19.96 -1.47. Covered the short from yesterday. Next level down is 15, if it keeps sinking.
AN 12.38 +.08. AutoNation will feeling credit squeeze. Intraday made 52 week low.
SEED 9.16 +.11. Low was 8.1.
ABAX 37.33 -.55. At end of day was moving toward day high, so am long overnight. Looking to sell in the morning over 37.5.

Tuesday, January 15, 2008

20080115PM

DJIA 12,501.11 -277.04
NASDAQ 2,417.59 -60.71
S&P 500 1,380.95 -35.30
Good volume last couple days, and close at low of day. INTC numbers after close were bad, and futures are down. Tomorrow be ready to close shorts after the gap down.
Small pullback in gold and silver.

AEM 58.09 -2.35 on heavy volume. Low of day 57.98. May test 50. Potential short.
SEED 9.05 -.6. Low of day 8.91. Tested the 9 level. Closed this short position. Maybe not done going down, but I wanted to free up capital and closed this short after this nice move.
SOLF 21.43 -3.57. Got short late in the day. It was already down hard, and seemed unable to turn back up. A close below 20 and this can go to 10.
AMD 6.12 -.29. Bad numbers from INTC after close this evening.
DBA 36.58 +.19. Agricultural commodity fund up 50% since summer.
ABAX 37.88 +.73. Strong today. Look to buy tomorrow when market gaps down. Going for retest of 40. Abaxis, Inc. develops, manufactures and markets portable blood analysis systems for use in any veterinary or human patient-care setting to provide clinicians with rapid blood constituent measurements.

Monday, January 14, 2008

20080114 1317

DJIA 12,762.94 +156.64
NASDAQ 2,475.43 +35.49
S&P 500 1,413.62 +12.60

Markets are slightly off the highs of today.

SEED 9.93 -.98 on volume. Was up earlier, and is breaking down and taking out stops. Previous close was 10.91. May test 9 this week.

Saturday, January 12, 2008

20080111PM Jim Sinclair, Inflation

DOW 12,606.30 -246.79 (-1.92%)
NASDAQ 2,439.94 -48.58 (-1.95%)
S&P 500 1,401.02 -19.31 (-1.36%)
Gold and platinum hit all time highs. Silver hit highest price since 1980.
It is tough to be short, as folks are expecting a giant Fed-induced rally any day now.

BRK-A 132,100 -2100. Lots of time was spent at 110,000 up until the credit problems last summer.
FRPT 4.02 -.26.



Jim Sinclair runs TRE.
Posted On: Friday, January 11, 2008, 3:03:00 PM EST
Author: Jim Sinclair
My Dear Extended Family,

Please, for me and for you, protect yourselves. I did not spend all this time with you to ensure you made money in gold for no reason. I wish accomplish two goals here:

1. Pass on my knowledge to you as a gift.
2. Protect you and therefore your family and their futures in the totally unavoidable dislocation of all you hold dear in the next three years.

It is not only the US financial system, it is the world financial system that has sprung terminal and unstoppable leaks. What is coming is a combination of unparalleled geopolitical events and the downside of unbridled greed; one unprecedented in world history that will literally kill people.

* Have you acted to protect yourself?
* Do you have debt?
* Have you equaled your debt with 100% fully paid gold?
* Have you eliminated any margin on investments?
* Have you done everything possible to eliminate agents between yourself and your assets?
* Have you taken delivery of your coins from your coin dealer?
* Are you doing business in any SUBSTANTIAL way with any internet financial entity, even those that have the word gold in their title?
* Have you taken delivery of paper certificates for those items you have deemed investments?

Your opportunity for taking physical delivery of paper shares of ANY company is coming to an end.
Major brokerage houses have indicated and some have already put in place a policy of electronic shares only. What that means is that they simply refuse by operating practice to forward your request for paper certificates.

Since the transfer agent requires a signature guarantee and your shares are now at the refusing broker you cannot get the proper request and documents to the transfer agent.

This means you take delivery now or forever have an agent between what you own and yourself. Now means today, not tomorrow.




St. Louis Federal Reserve Bank says government if primary beneficiary of inflation. Inflation crushes the middle class and those on a fixed income. I would add that the Federal Reserve banks also benefit from inflation, as they are the first to touch the newly created money.
FEDERAL RESERVE BANK OF ST. LOUIS, NOVEMBER 1976

CONCLUSION
...
In recent years, some economists have argued that
there are benefits to inflation and, if the rate is stable
and can be fully anticipated, there is little or no cost
to society. The cost of perfectly anticipated inflation
is its wellare cost. It results from the loss in welfare
due to the substitution away from real money balances.
While this cost may be small in relation to the
costs of redistributions of income and wealth when
inflation is unanticipated, it is comparable to the welfare
costs of other major components of the U. S. tax
system at levels of inflation as low as 5 percent.
Moreover, the size of the welfare cost of inflation
increases rapidly with the size of the rate of inflation
itself. The welfare cost of inflation is independent of
resource costs incurred to economize on cash balances;
indeed, the analysis assumes these costs to be
zero. To the extent that valuable resources are used
to economize on cash holdings, the cost of perfectly
anticipated inflation is even greater.
One of the primary benefits of inflation is the
revenue it produces for the government.

Thursday, January 10, 2008

20080110PM

DJIA 12,853.09 117.78
NASDAQ 2,488.52 13.97
S&P 500 1,420.33 11.20

Metals at highs. Silver above 16.

CVI 25.13 +.2. This morning the lower opening took out my trailing stop on this long.
AKNS 10.63 +.77. Trailing stop exited this long.
VMW 80.49 +.6. Up on light volume. Yesterday went long option vmwap at 3.2. Today exited at 4.1. Today's vmwap range 2.8 - 4.6.
LNOP 11.5 -.15. Huge volume. Going down to 10.
NGD 5.59 +.3. Big volume. 8.7 wants to be tested.
GOOG 646.73 -6.47. Going to 625. This has a big impact on the Qs.

20080109PM

DOW 12,735.31 +146.24 (+1.16%)
NASDAQ 2,474.55 +34.04 (+1.39%)
S&P 500 1,409.13 +18.94 (+1.36%) Look for bounce to 1450.

Markets and many stocks had intraday reversal.

FDS 52.07 -.58. Would like to short at 60, going for 40.
SKF 115.9 -3.45. Intaday high 125.1. Look for 105 for possible buy.
ROY 5.94 +.68. Heavy volume. Resistance at 6.5.
GS 191.75 +2.25. Bouncing to at least 202.
AMD 5.53 -.47. Will drop another 50%.

Wednesday, January 09, 2008

20080108 1357

AKNS long didn't work. Still much weakness.
SEED Potential long.
VMW 79.27 +4.77. Paid 3.2 for January 80 calls. If it climbs tomorrow, look for it to stall at 85.

20080108 1341 AKNS

DJIA 12,680.19 91.12
NASDAQ 2,461.73 21.22
S&P 500 1,401.87 11.68

Yesterday markets sold off the last hour. Today opened down, with the fast money gapping out of speculative issues. Market is running up into the close, so short's buy stops will provide power to the upside.

Gold and silver metal is holding price.

AKNS 10.41 -1.74. Gapped down from 12s this morning. Tested lows. Long now to feed off short's trailing stops.

Monday, January 07, 2008

20080107 0932 Market Bounce Quick Trades

DJIA 12,821.23 21.05
NASDAQ 2,501.00 -3.65
S&P 500 1,415.40 3.77

Market was down hard last week. Today searching for rebounds.
HOLX 69.76 -1.36. Going for 80 if market runs for a few days. Buy here.
INTC 22.77 +.1. Down 15% last week. Buy here.

Friday, January 04, 2008

20080104 1444 LLNW

DJIA 12,802.29 -254.43
NASDAQ 2,505.09 -97.58
S&P 500 1,413.22 -33.94

LLNW 6.15 -.51. Closed 1/2 this short position. Remaining 1/2 is on tight trailing stop for the day.

Thursday, January 03, 2008

20080103PM

DJIA 13,056.72 12.76
NASDAQ 2,602.67 -6.96
S&P 500 1,447.16 0.00

LLNW 6.66 -.02. Was barely higher most of the day until near the close.
FXP 79.79 +.8. Going to 87. Needs more volume to take off.
HOKU 14.19 +1.71 on 10x volume. Intraday 52 week high. Any shorts are getting squeezed.