Jan. Housing Starts: +1.5% to 699K vs. 675K expected and 689K (revised) last month. Permits +0.7% to 676K vs. 680K expected and 671K (revised) last month. [View news story]
Should read Jan. Apartment Starts. Foreclosures are up!
Coal Fundamentals: Straight From The Experts [View article]
Goodoboy, You ask about value, but it appears that you are more focused on entry and exit points. You gave up a interest paying, lower beta stock after a 10% pop to a stock that does not pay interest and has a higher beta (more volatile). I suspect that you are looking for another 10% pop entry point.
Charting can give you more confidence in your trades. I use finance.yahoo.com interactive charts of the company I am considering, and activate the bollinger bands, MACD, slow stochastic, and relative strength. I like to use the 3 month charts of a prospect using a 7 day RSI when considering a short term trade for the pop. The interactive charts can also be used to compare other stocks in the sector or indexes.
I hope this helps. I read about this in a comment years ago, and it has helped me feel more confident with my buy and sell points.
Why U.S. Steel May Rocket Above $50, Outperforming Nucor [View article]
bigalconehead, Why do you claim authorship of this article in your comment in the article, "Nucor: Not the steel sector's best bang for the buck," by Alex Shadusky?
Former top Shell Oil exec John Hoffmeister warns that the price of gas could hit $5 a gallon in the U.S. due to factors that include heavy demand from emerging markets, geopolitical uncertainty in the Middle East, and delays for permits for drilling in the Gulf of Mexico. (video) [View news story]
You only need to look to the NYMEX to find the reason for prices rising.
Visibility of activities in Chicago from Washington DC are poor. Expect no help from the politicians.
US stocks did not fall sharply! Greece was not the reason for the profit taking the market experienced.
The Greek drama is not a solution to what really ails Europe. Greece does not have a export economy like its more affluent northern EU partners. It will end up holding the short stick to them no matter what it does today.
Austerity measures will not afford the EU a solution to the problems the union faces. Greeks know that austerity will only harm their economy and citizens more than it is right now, while enriching the insolvent banks of its union partners.
Why U.S. Steel May Rocket Above $50, Outperforming Nucor [View article]
This is the second article I have read in as many days that tries to darken Nucor while promoting other steel stocks. The consensus estimates are thrown around like they are gospel. We know that they are not.
I suspect that steel will be in for a challenging year in 2012. China will be exporting as much steel as it can to bolster its struggling industry, which will drive down US prices. Commerce will do nothing more than politely object.
The global economies are contracting and will continues to do so whether we are wearing our rose colored glasses or not. The consensus estimates appear to be based on the hope that the US economy will not be impacted by the problems in the rest of the world.
US coal companies have been closing metallurgical coal mines recently sighting diminished future demand as the reason. This is hardly a confidence builder in steel meeting consensus estimates for 2012.
Nucor: Not The Steel Sector's Best Bang For Your Buck [View article]
You fail to take into consideration the corporate culture, non-union workforce, scrap metal recycling owned, and lean management. Nucor Steel is one of the best companies in the world from an employee or investor standpoint.
The COO, Ben Hatfield, is a highly regarded man in the coal sector. He believes enough in the company to invest his own money at $12.01 to buy 30,000 shares.
His confidence in the company's ability for future shareholder gain still carries more weight with me than your analysis. The stock is still moving up from last week :-)
While there are plenty of risks, 2012 is "nothing like the 2008," Goldman Sachs' Jim O’Neill tells CNBC. "The key to this market movement over January is that people were worried about everything that could go wrong... So just the cessation of bad news itself has sort of appeared a bit of a positive." Germany is improving, China seems headed for a soft landing, and the U.S. is "moving forward," he says. [View news story]
Germany is improving? China appears to be heading for a soft landing? Lets ignore the rest of Europe and China's soft landing impact on the rest of the world.
These two items light up his GS crystal ball with a glowing outlook for 2012. Puleeeez
Making Of A Super Bull Cycle In Coal [View instapost]
Why Investors Are Buying EMC Like Crazy [View article]
What's Bouncing? [View article]
Jan. Housing Starts: +1.5% to 699K vs. 675K expected and 689K (revised) last month. Permits +0.7% to 676K vs. 680K expected and 671K (revised) last month. [View news story]
Coal Fundamentals: Straight From The Experts [View article]
You ask about value, but it appears that you are more focused on entry and exit points. You gave up a interest paying, lower beta stock after a 10% pop to a stock that does not pay interest and has a higher beta (more volatile). I suspect that you are looking for another 10% pop entry point.
Charting can give you more confidence in your trades. I use finance.yahoo.com interactive charts of the company I am considering, and activate the bollinger bands, MACD, slow stochastic, and relative strength. I like to use the 3 month charts of a prospect using a 7 day RSI when considering a short term trade for the pop. The interactive charts can also be used to compare other stocks in the sector or indexes.
I hope this helps. I read about this in a comment years ago, and it has helped me feel more confident with my buy and sell points.
Coal Fundamentals: Straight From The Experts [View article]
Thanks for another informative article that lets the facts speak for themselves.
Why U.S. Steel May Rocket Above $50, Outperforming Nucor [View article]
Former top Shell Oil exec John Hoffmeister warns that the price of gas could hit $5 a gallon in the U.S. due to factors that include heavy demand from emerging markets, geopolitical uncertainty in the Middle East, and delays for permits for drilling in the Gulf of Mexico. (video) [View news story]
Visibility of activities in Chicago from Washington DC are poor. Expect no help from the politicians.
Stocks Tumble On Greek Debt Fears [View article]
The Greek drama is not a solution to what really ails Europe. Greece does not have a export economy like its more affluent northern EU partners. It will end up holding the short stick to them no matter what it does today.
Austerity measures will not afford the EU a solution to the problems the union faces. Greeks know that austerity will only harm their economy and citizens more than it is right now, while enriching the insolvent banks of its union partners.
Why U.S. Steel May Rocket Above $50, Outperforming Nucor [View article]
I suspect that steel will be in for a challenging year in 2012. China will be exporting as much steel as it can to bolster its struggling industry, which will drive down US prices. Commerce will do nothing more than politely object.
The global economies are contracting and will continues to do so whether we are wearing our rose colored glasses or not. The consensus estimates appear to be based on the hope that the US economy will not be impacted by the problems in the rest of the world.
US coal companies have been closing metallurgical coal mines recently sighting diminished future demand as the reason. This is hardly a confidence builder in steel meeting consensus estimates for 2012.
Nucor: Not The Steel Sector's Best Bang For Your Buck [View article]
Nucor Steel is one of the best companies in the world from an employee or investor standpoint.
Patriot Coal's Deteriorating Financial Prospects [View article]
The COO, Ben Hatfield, is a highly regarded man in the coal sector. He believes enough in the company to invest his own money at $12.01 to buy 30,000 shares.
His confidence in the company's ability for future shareholder gain still carries more weight with me than your analysis. The stock is still moving up from last week :-)
Surging Jobs Data Signals Strengthening Economy [View article]
Peabody Will Soar As Patriot Bleeds Millions Upon Millions [View article]
While there are plenty of risks, 2012 is "nothing like the 2008," Goldman Sachs' Jim O’Neill tells CNBC. "The key to this market movement over January is that people were worried about everything that could go wrong... So just the cessation of bad news itself has sort of appeared a bit of a positive." Germany is improving, China seems headed for a soft landing, and the U.S. is "moving forward," he says. [View news story]
These two items light up his GS crystal ball with a glowing outlook for 2012. Puleeeez