Tuesday, September 25, 2007

More of the Same

The charts look OK. Futures are lower this AM due to some weak sales data from Target & Lowe's. The weather excuse has quite a bit of "reality", though since it really has been warm & dry, hurting sales of winter clothing and lawn+garden supplies.

Beside, what do you expect in a mid-cycle slowdown? Booming sales ?? This is all expected. The last bits of inflation are being ground out, setting up a solid base to the next big move.

GOOG put in a second day over the old high, confirming the move. The Nazz 100 needs another day over its old high.

Often the market puts in major bottoms in October. I note, however, that frontrunning seems to move old seasonal plays forward a bit every year. The obvious example is the old January rally of the 1980s. That move has been drawn forward to December and then November. So waiting for a "clear" signal can be a loser.

I'm being patient. I have plenty of buying power if the beefers decide to push stocks lower.

It's a bull market. Buy dips.

PS: Thanks to mfl59, a commenter here, for suggesting to look at adding to RTP in the pullback to its 200 DMA in August. I added a good bit and that stock has moved up 100 pts. since, a 40% move in about six weeks. One can make great gains with dip buys in strong stocks.

PPS: I think I also need to thank frosty and someone else [mfl59?] for pointing out CSCO under 30 in August. Very good add. Thanks.

35 comments:

Frosty said...

cry baby bulls are out in force today...didn't Ben just drop pile of cash from the chopper...day one after cut, buy buy buy all the market media experts say...a couple days later, you need to sell. things are worse out there than you think...the common man that pumped the mutual funds must feel like a dope...the common man has no chance.

Frosty said...

JRJC 26.75 darkside in after hours and an add this morning pre market...with no up tick the common man is in trouble.

Frosty said...

JRJC 28.70 add. leaving room to 30.

Bunkerman said...

more beefer ping-pong. They must like playing wiht each other ;-)).

mfl59 said...

thanks for the plug bunkerman....now had I followed my own advice and held the stock all that time I'd be even happier...virtual indeed

mfl59 said...

Bunkerman do you believe in end of quarter window dressing?

Bunkerman said...

oh no mfl! you sold it ?? :-((

Yes, end of quarter window dressing occurs rather often.

Frosty said...

SOLF darkside 13.50...solar...give me a break...common man be sold a pipe dream.

maverick said...

Frostman seems to be loading up on lanterns and flashlights. Darkness is upon us.

Frosty said...

Maverick...diggin in a little...moved in with the Bunkerman...although I share the doggie bunker with the k-9 unit and an old army double bunk with Krypto, Bunkerman has promised a little sheep chasing action later this week.

maverick said...

LOL Frostman, wear your NKE shox for the shaq woolies.

mfl59 said...

the common man being sold a pipe dream...now that is funny....

Spin decked out in his Syracuse orange this week....the class of the big east wears scarlet red sir, not orange...

Frosty said...

CPA 41.20 darkside...the end is near.

maverick said...

Uhh mfl...orange very popular in this room.

mfl59 said...

LOL Mav...Clemson orange a little different of course...Spin still thinks Larry Czonka and Jim Brown man the backfield for SU....

Frosty said...

Bud...ty for pushing the double down hawks over bungels...appreciate it.

Bunkerman said...

More sheep training on Saturday, frosty. Mrs. B found another trainer. And found two farms 1-2 miles away with sheep !!! I think she's making a deal.

Frosty said...

saturday...it's a date.

Frosty said...

Spin...wtf...payrod...give me a slice of the action and off to the windy city...thought you guys were in a playoff race...with a wingman like that you have no shot...sorry, he cut my heart out long ago.

Spin-em said...

ROFL.....Hes just a common man lookin for a lil bump...Im sure Costanza will come up with some $$$ even if its Kramers change....

Frosty said...

CLC NTRI KMX....taking some darkside sugar, keeping some on....can't stand it...need to jump in front of a couple of these frieght trains...where should I be going to strap myself to the tracks? anyone? helllo?

maverick said...

I see Rutgers playing outside of 4A high school this week.

Spin-em said...

ROFL Mav...Boooyaaaa

maverick said...

Reload the batteries on that miner's cap frostman, darkness can be lonely.

mfl59 said...

well Maryland is in the ACC, so its close....

tailgaiting starts at 12pm for all those interested...ill be knocking down ales with many a common man...

maverick said...

LOL mfl, any room for another "orange" team up there in the top 10?

Bunkerman said...

Hmmm looking at some ejected .30-06 cases my shooting buddy just gave me from Vermont. Some have small cracks around the middle.

That means my headspace is a bit loose now. One click in should work.

Only a common man would know this, by the way. Hehehe, proving again I am one with the common man, ready for armageddon.

Bunkerman said...

I think I need to thank frosty and someone else for pointing out CSCO under 30 in August. Very good add. Thanks.

Frosty said...

MLF front page pump...Frosty an after thought.... a footnote...back to the k-9 bunker where I belong...man's best friend indeed.

Bunkerman said...

Uh Frosty, I put that on the front page as soon as I put it here. Your name is in lights!

Frosty said...

sorry master...see it on the front page...crapped on the carpet...now back to visit Krypto.

Bunkerman said...

Interesting day to end in green. the bullish flag pattern is holding for now. Up on bad news. Hmmm. I suppose I could state the obvious, but that might be bad luck.

Bud said...

Gimme a break frsoty. First of all the sea-pelicans didnt cover. Second that was a bullshit call....hassel-pussy caught the ball and fumbled to the bengals. What a joke that call was. I'd keep my big mouth shut frosty.

Spin-em said...

rofl....glad youre feeling better Bud.......


*...Wonder if Bunks Mom reads his blog...cuz we do talk about "cats" and f bomb alot in here....lmao

Bunkerman said...

no, my Mom doesn't read this [for health reasons, unfortunately :-(( ].

But Mrs. B does sometimes as do my nieces.

There's no problem with occassional "earthy" talk - hehe old Anglo-Saxon words - but we don't want to decent into a pure locker room all the time.

Those words and talk work a lot better in the exception, anyway ;-))

I've never seen anyone get out of the range here.

Hmm ... I haven't heard of those teams: sea chickens and now sea pelicans ;-))