- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
Wednesday, October 12, 2011
Bear pennant STILL intact and isn't it amazing how the fibonacci level was almost pegged. Bottom line is this is a toping tail and price action closed BELOW the trendline.
Just in case cover Puts above 122.87 by evening out with CALLS on a shorter time frame with the mindset of a quick trade.
Tuesday, October 11, 2011
"U.S. manufacturers and the bill’s sponsors say it will stem a decline in American jobs by making U.S. products cheaper overseas.
What representative sponsoring this Bill said it would create a decline in American jobs? That is a representative I will not vote for. Perhaps they got confused and meant to say it would stem a decline in the American unemployment rate to export more goods as the low cost provider to countries who are UNFAIRLY inflate their currency?
Folks, bottom line is this is the beginning of the end when you start poking your biggest creditor and saying, "Hey, dude your money is too expensive". Laughable!
"There's a bigger decline in price so far in the 4th Quarter and seasonally it's worse" as reported by Reuters on Aluminum prices.
The actual numbers are almost double for the same quarter from last year and they site "fear" of Europe driving the lack of demand impacting auto, industrial, construction, & packaging industries as most aversely affected. Whereas aerospace & transportation sectors have shown demand and growth.
After hours quote is below $9.63.
I always watch Alcoa's earnigs as they kick of the earnings reporting and Aluminum is widely used acoss industries.
It will be interesting to see f this begins the next leg down.
Monday, October 10, 2011
Who are these guys?
DCP Midstream Partners, LP is a midstream master limited partnership formed by DCP Midstream, LLC to own, operate, and continue to broaden our portfolio of complementary midstream assets. The Partnership gathers, treats, processes, transports, and markets natural gas and natural gas liquids (NGLs) and is a leading wholesale distributor of propane. Supported by our relationship with DCP Midstream, LLC, and its parents, Spectra Energy and ConocoPhillips, our geographically diverse assets, with strong market positions, and our mix of fee-based and substantially hedged commodity-based margins, position the Partnership for the long term.
Who cares? Well their dividend payout ratio ranks extremely high for a $2.53 per annum dividend or 6.50% yield..
Worth checking out...