Longneck’s UCC’s (Useful Chit-Chats) Nov 14 ‘09
November 14, 2009 by longneck
… THE POST FRIDAY THE 13th EDITION …
With the way PX corrected last Friday, I have a feeling Jason went to Tektite to visit his friends this Friday the 13th.
I personally feel the PX-play could already be over, let us just let the market prove to us that it isn’t..
While PX corrected, other mining wannabes followed suit. I also believe the play in CPM could be running to a serious road block, so just be very careful with this one. NI corrected, but I believe we are just 1/3 of the journey. Along the way, also be wary of December 11, when NI’s 5:1 SRO will already be listed and saleable ..
The key number is 15th … and not Friday d’13th.. WHY 15 ? Because I am speculating like ANI, these are GEM plays…
There are some real plays, and I believe ACR could be one of them. I don’t know the real story though.
Last week also saw a play in ISM.. This broke out of 0.046 early this week.. THEN br0ke out of .0525, and even 0.0575, and now at 0.060… hopefully it will consolidate at these levels, so I can accumulate again.. hehe
I am of the assumption that the PX play maybe over, but with these M & A’s , you can never be sure, but do SELL if there is a rally by Monday. With the PX play PROBABLY on its tail-end, other plays will emerge.. We can only identify them, once “price action” sets in, but to plainly point out which are next week’s plays.. hmmm that would be assuming I am the jockey, or know the jockey/s which I BOTH don’t…
All I can right now is the re-birth of JAP stocks make Sir JAP again on the forefront of things, and I believe as we see these stocks unfold, a lot of money could still be made if we just choose the right ones..
BTW, I would like to repeat JAP’s magnificent 7 are as ff:
–> GEO, MIC, NI, LIHC, ACR, TUNA, & SPH…
Be really selective, and be extra quick on the draw, as the last ones holding the bag usually hold a bag of plain hot air.
For value and continued banking play, I did pick up some PNB last Friday, as advised by my good friend Jason who with his hockey mask still did not reveal his true identity to me. At a price below P24, it is still a long ways to go before the magic 26, but I am willing to wait this out… It will be an added extra, if this goes past 26 next week…
Happy weekend, ALL! And let us ALL pray and support our pambansang kamao MP in his fight with Cotto tomorrow…
i would like to ask what do you mean by M & A and JAP? Thanks for the education.
M & A = merger and acquisition, JAP = Jerry Angping. Good luck, benjamin!
Wow, I was browsing and looking for your UCC today since I haven’t been able to browse FM for the past 2 months, and behold you already have it on the main page!
Congrats to you sir LN, these thing only means you’ve been giving a lot of contribution to all the people who get their trading tips and analysis here in FM..Also read the lady dinosaur is on the way, an additional congratulations! A boy will be a good prodigy so as to spread the good Dino name.. We don’t want you to get extinct just like your forefathers.. hehehehe
SCOUT-bro : thanks, but the BIG question is where the h*ll did you go the last 2 months..?? hehe…
I try to contribute in my own small ways… and thank you always for your support, bro.
Dear, Mr. Longneck (UCC),
Thanks for the education. You still can teach old dog new tricks.