Shamoozal.com - Smorgas Board

http://www.thestreet.com/_yahoo/video/1 ... 4129706001

FCX.

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Damn you FCX!!! Need to get in on that.

Biotech is HOT today. Come on FBT.

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"If you always put limit on everything you do, physical or anything else. It will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them. "

I rolled the money I made on the SiriusXM Jan 2 calls into the FCX May 43 calls and I'm loving every minute of it right now. I'm hoping it can run to $50 with Copper prices approaching $4.

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When you absolutely nail a trade, there is no better feeling.... look at that Copper go baby! FCX almost hit $49 earlier this morning. I think I'm giving it one more day to run then I'm taking my profits.

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My AUY shares are also taking off right now. Commodities are pretty hot again.

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"If you always put limit on everything you do, physical or anything else. It will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them. "

Facebook IPO coming...

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"If you always put limit on everything you do, physical or anything else. It will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them. "

The overall Market is looking good right now. The S&P hit a golden cross yesterday which is a major bullish signal among technical traders. Most of them are targeting 1370 on the S&P before any major pullback if you are looking for a trade. I didn't end up selling my FCX calls and will hold them until I feel copper is about to decline. I don't see it happening right now, but will probably exit the position this month, maybe end of next week. Still looking for FCX to reach $50 soon, maybe even within the month. As Copper goes, so does FCX.

SiriusXM will hit a golden cross this week, probably tomorrow. Auto Sales in January killed all estimates so this is nothing but good news for them. There was a huge AH Trade for 7 million shares and this usually signals the beginning of a run. I'm looking for it to run into the conference call which takes place next Thursday. I bought the June 2 calls at .30 a few weeks ago and will look to unload them prior to the call. I am still long the stock and will benefit from any earnings beat, but would rather trade the calls since I have seen a post cc selloff time and time again. If that occurs, I will rebuy the June calls and trade them all over again as the lowest I see this stock ever trading again is somewhere around 1.80. 1.80 is highly unlikely though and there is a good chance it stays above $2 the rest of the year as long as the market doesn't have a meltdown. 2012 is actually the year I targeted as the breakout year for this stock as they have no debt due. Big things are around the corner.

I was listening to Cramer on the driver home and he brought up something I think should be noted. Overall market volume during this run has been dreadful. That means the average Joe is not playing the market during this run, but who could blame them? Most people do not think they can understand the market or think they will be screwed out of their money. He was saying how the Facebook IPO may generate public interest and bring the retail investor back to the game. If that happens, I believe it's time to get out. I am one of those people who believe you want to get in when everyone is scared and want out when everyone wants in. The general public is usually wrong and it's something to keep in mind when investing.

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Man, the CEO of MirconTechnologies (MU) just died in a plane crash! Should I sell immediately!? I don't know what to do.

I just placed a stop-loss on it at $7.80. Hopefully it won't go down to that but who knows. At least if it does, I'll still be in the green and escape with some profits.

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"If you always put limit on everything you do, physical or anything else. It will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them. "

Huge day yesterday..... jobs report killed estimates and market jumped big time. 1370 on S&P is right around the corner. Copper moved up 3% and is nearing the 4 dollar mark:

http://finance.yahoo.com/futures?t=metals

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tesla is doing well for me. they had a big ol' jump on friday, and today is off to a decent start. not sure what i should do. maybe hang on longer? if i sell its only like 60 bucks profit...but i guess money is money

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Swear to me.

I haven't had a chance to review any news with TSLA, but I have seen the chart and it has run nicely in January. However, I am showing overbought conditions in Moneyflow and RSI so there could be a short term pull back coming soon. Not sure how long you plan to hold, but it could head back down and consolidate before it makes another major move. I'd expect a pullback to take it down around 27.80 - 28.00. I'll keep watching the chart to see if anything changes...

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FCX just announced annual dividend increase from $1.00 to $1.25 per share. Loving every minute of it even though the stock was down today.

Edit: That's .31 cents per share paid quarterly up from .25 cents beginning in May. That is a big time increase and another reason people will want to get in this stock ASAP.

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Should I buy? I just sold off all my MU shares. I might jump in FCX.

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"If you always put limit on everything you do, physical or anything else. It will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them. "

I'll just say I'm a buyer at this level. FCX also has a golden cross forming as we speak and I still think $50 is coming soon.

http://www.marketwatch.com/story/story? ... atest_news

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Copper hit 3.98 today. FCX stuck around 46 right now, but that move to $50 WILL happen in the very near future.

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FCX buying opportunity today..... just saying.

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Executed.

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"If you always put limit on everything you do, physical or anything else. It will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them. "

Nicely done sir. Golden cross only $2.66 away....

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This could be the week FCX hits $50 as long as the main markets don't tank.... Copper already back to $3.89. For the record, FCX earnings estimates were based on avg price of $3.50 Copper.

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I forgot this was an options expiration week so volatile trading may be ahead delaying that prediction until next week.

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Looks like I should have waited to execute that buy.

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"If you always put limit on everything you do, physical or anything else. It will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them. "

Nothing to worry about long term. Short term we have the usual Greek bullshit holding up the market to go alongside options expiration. Perfect time to take down the stock. I'd expect it to recover next week.

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I also should have held onto MU. It just shot up today.

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"If you always put limit on everything you do, physical or anything else. It will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them. "

There is decent open interest at 43 and above so the writers of those calls want to push the stock below 43 so all those options expire worthless:

43.00 FCX120218C00043000 6,226
44.00 FCX120218C00044000 10,993
45.00 FCX120218C00045000 13,992
46.00 FCX120218C00046000 10,722
47.00 FCX120218C00047000 9,333
48.00 FCX120218C00048000 7,585
49.00 FCX120218C00049000 4,377
50.00 FCX120218C00050000 7,615

Note: 1 contract = 100 shares.

6,226 43 calls = 622,600 shares. If they end up ITM (In the money - 43 or above), the writers of those calls lose their shares which is why they want them to expire worthless. One more thing, they get paid premium when they write those calls so if they expire worthless, not only do they keep their shares, they keep the premium.

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What a crock of shit even though I'm happy the market closed up:

http://www.cnbc.com/id/46381496

Greece is the size of DELAWARE. Anyone that thinks that a Greek default will cause a global disaster is out of their minds. I wish they would default just to end this market stupidity.

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