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EPS100Momentum (71.69)

BEAR RAID 3 straight days, don't fall for it..

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10

November 30, 2010 – Comments (10) | RELATED TICKERS: TECL , QQQ , SPY

Nov 30, 2010 9:11 AM | about stocks: QQQQ, NDAQ, DOG, SPY, TYH, TNA, BGU, MWN, BGZ, VXX, VXZ

#1 Germany unemployment down to 19 year lows.

#2 Euro decline helps out the biggest exporters in Europe making their products more competitive on the world stage : Germany, France, Spain, Italy.

You won't hear any of this from the fear mongering bears the last 3 straight days.
As I said yesterday :

"with only 1 month left for the end of the Q4, the doomsday guys are out in force today trying their best to get you to sell your shares before the Q4 guidance starts rolling in next week and beyond.

Judging from recent data from Oct. and if the upcoming Nov. data are the same upbeat numbers, many will be hard pressed to sell going into Q4 earnings.

Its no wonder the doomsday guys are out in force today because once the Nov. data starts rolling in, it will be a lot harder to convince people to sell their shares." 

November leading economic numbers should point to an acceleration in economic activity for 2011 and as such the bears are out in force before these numbers come out to either get you to sell ahead of them or go short.
Basically trying their hardest to get you on the wrong side of the trade so that they can cover for a profit in this 3 day bear raid.

Whats coming this week that Bears are afraid of?

Dec 01 10:00 ISM Index


Dec 03 08:30 Nonfarm Private Payrolls


Stocks: QQQQ, NDAQ, DOG, SPY, TYH, TNA, BGU, MWN, BGZ, VXX, VXZ

 

10 Comments – Post Your Own

#1) On November 30, 2010 at 9:37 AM, drgroup (68.63) wrote:

Not a member of Breifing.com. Can't join, sorry.

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#2) On November 30, 2010 at 9:55 AM, brickcityman (< 20) wrote:

Fair enough...  but what would you identify as a tipping point?

 

Afterall, if you don't know what it might look like then how will you recognize it when it happens?

 

Given human proclivity for odd numbers is maybe 5 days sufficient?  7?

 

3 is often enough to establish a "pattern" in most people's minds, but I'll grant you that it could be meaningless.

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#3) On November 30, 2010 at 10:03 AM, EPS100Momentum (71.69) wrote:

November Chicago PMI 62.5 vs 59.6 Briefing.com consensus; October 60.6

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#4) On November 30, 2010 at 10:12 AM, EPS100Momentum (71.69) wrote:

Another thing to watch for is how companies are able to raise prices, a trend on rising prices equals demand strong enough to raise prices.

One company that recently raised prices on lithium is Rockwood (ROC).

So those batteries for your cell phone and notebooks should start increasing, although the amount per battery would only be an increase of a few cents, in the bigger picture it still is an indication of increased demand. 

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#5) On November 30, 2010 at 10:13 AM, Mary953 (39.38) wrote:

Thank you for the heads up - again!  Times like this, I wish I had paid more attention to those blogs that GoodVibe put up while he was here.  I still cannot chart at all and I know enough about technical analysis to realize that there are tools I could use if I understood them.  Still not a math person.

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#6) On November 30, 2010 at 11:13 AM, EPS100Momentum (71.69) wrote:

GM hires 1,000 Engineers to produce more lines of Electric Cars to supplement the VOLT.

GM Hires 1,000 Engineers in Michigan to Expand Electric Vehicle Offerings By David Welch - document.write(dateFormat(new Date(1291131201000),"mmm d, yyyy h:MM TT Z"));Nov 30, 2010 10:33 AM ET Tue Nov 30 15:33:21 GMT 2010

General Motors Co., the maker of the Chevrolet Volt gasoline-electric car, will hire 1,000 engineers in Michigan to help expand the automakers’ lineup of electric- drive vehicles.

The hiring will increase GM’s workforce of electric-vehicle engineers by 50 percent to about 3,000, said Rob Peterson, a spokesman for the Detroit-based company. GM, which plans to sell 10,000 Volts next year and 45,000 in 2012, is hosting a media event today to mark the start of production of the $41,000 car.

The Volt, begun under former Chief Executive Officer Rick Wagoner, is the centerpiece of GM’s effort to position the company as innovative and environmentally friendly. Dan Akerson, who took over as CEO in September, has said he wants GM to be “at the forefront” of electric-car development.

“GM is going to lead the industry in the adoption of various vehicle-electrification technologies,” Akerson said today in a statement. “We want to give our customers energy choices other than petroleum and to make the automobile part of the solution when it comes to the environment.”

The Volt can drive for 35 miles solely on electric power and an additional 340 miles on the gasoline engine, GM said today in a statement.

The U.S. Environmental Protection Agency estimated the Volt’s energy use as the equivalent of 93 miles per gallon in electric-only mode and 60 mpg in gasoline-electric driving, GM said. In gasoline-only mode, when the battery is drained, the car would get 37 mpg, GM said.

GM fell 23 cents to $33.57 at 10:13 a.m. today in New York Stock Exchange composite trading. The shares have gained 1.7 percent from their $33 sale price in an initial public offering earlier this month.

To contact the reporter on this story: David Welch in Detroit at dwelch12@bloomberg.net.

To contact the editor responsible for this story: Jamie Butters at jbutters@bloomberg.net.

 

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#7) On November 30, 2010 at 1:24 PM, jlmjlm77 (99.52) wrote:

3000 Engineers to produce 10,000 cars, is that the GM way?  When do we get all electric, a gas engine adds more maintenance costs?

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#8) On December 01, 2010 at 8:55 AM, EPS100Momentum (71.69) wrote:

No ilmilm77 its not to produce 10,000 cars, the Volt was already designed by the existing Engineers. The new 1,000 Engineers were hired to come up with new lines of Electric Cars in addition to the Volt.

Tell me why are you so negative, you shouldn't let shorting GM cloud your judgement and miss out on the next big thing.

Electric Car battery "Lithium Secular Bull Run"

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#9) On December 01, 2010 at 9:08 AM, darroj (49.56) wrote:

Looks like the bear raid will end for now... good call!

 

[BRIEFING.COM] S&P futures vs fair value: +15.00. Nasdaq futures vs fair value: +28.30. Stock futures have stretched to fractionally improved morning highs in the wake of the latest round of data. Released at 8:15 AM ET, the latest ADP Employment Change data indicated that private payrolls expanded by 93,000 in November and by an upwardly revised 82,000 in October. Not only is the latest tally much larger than the 58,000 additions that had been expected, on average, among economists polled by Briefing.com, but it also marks the best ADP reading in three years. Separately, nonfarm productivity for the third quarter increased 2.3%, which is up from the 1.9% increase in the prior reading but not quite as strong as the 2.4% increase that had been widely expected. Unit labor costs for the third quarter decreased 0.1%, unchanged from the prior reading. They had been expected to decrease 0.5%.

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#10) On December 01, 2010 at 5:18 PM, jlmjlm77 (99.52) wrote:

EPS100

Thanks for all you share on CAPS, you have provided helpful and insight over the time I have followed.

I really like the idea of electric cars, just disappointed they could not get a decent "100% electric" vehicle to market with the Volt.  This disappointment along with watching the U.S. auto industry struggle for so many years gives me a lack of confidence for their success.  Even for future electric cars 3000 engineers sounds like an oversized investment to me, but I admit I am far from an expert.

Except for CAPS I rarely short stocks and would not consider shorting GM with the US Govt on their side for at least the next 2 years.

Let's hope it all works.

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