Stock pick for 01/17/2012
Sign Up for Ivica's Trading Signals Here:
Dear traders,
I like to note that I can't be in the room next week at Thursday 19th and Friday 20th January. I must go on trip and I will send watch list for Thursday for sure (hope market will give us that opportunity), but I'm not sure that will be for Friday. From time to time I have that situation and because of that I dont want use any winter vacation. I really hope that won't be big problem and I hope you all will understand that
Thanks for understanding
Kind regards
Ivica
So Da Boyz, working their magic in the low volume futures markets, have laid the ground work for their mouth pieces to come flying out on Bubblevision tomorrow, exclaiming that THE MARKETS ARE CLIMBING THE WALL OF WORRY, WOOOOOO HOOOOOO!!!!!
Speaking of the WORLD WIDE ECONOMIC BOOM (I was, wasn't I??), I was wondering why another one of my favorite WILD THINGS was down pretty big on Friday, PCX, this is from the Motely Fool:
"What: Shares of Patriot Coal (NYSE: PCX ) are down 10% today after the company said it was cutting back production.
So What: Two of the company's production units and three contractor-operated mines are being shut down due to low demand for metallurgical coal. The company didn't specify how much production would be cut, only that low export levels are leading to the cuts.
Now What: Patriot Coal expects to bring production back online in the future, but no timetable was given. Slowing growth in China and increased production in Australia have led to the low demand, but management expects demand to come back once the global economy returns to a more normal growth pattern. Since no one knows when that will happen it's tough to say exactly what the effect will be for Patriot Coal."
LOW DEMAND??? NO TIME TABLE??? MORE NORMAL GROWTH PATTERN????? NO ONE KNOWS WHEN THAT WILL HAPPEN????
0 Comments:
Post a Comment