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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Bearcatbob who wrote (170001)6/23/2012 9:07:15 AM
From: Robohogs  Read Replies (1) of 206175
 
After doing a review of charts in various sectors, I think I may be more nervous. Economy globally definitely decelerating. Equipment stocks getting pummelled - check out Joy, Cat, Tex, MTW, ETN, PH, etc. even BA down for year - about same as CAT but CAT destroyed sine a few months back. Another name I was short but did not stick with.

But can anyone tell me why AMZN stays up? I saw a survey recently that said they were significantly more expensive than WMT across most goods, like 20%. And what happens when sales taxes come?

Another possible short is MTW. What happens if $10 breaks? I have not looked recently, but there BS used to be a picture in beauty - if awful was what you consider beautiful. May have catch downside catch-up with Joy but so might TEX.

ATPG looks gonzo to me. Bonds traded up this week though. Maybe because there is less room for mgmt to screw things up worse before filing? Shimson hitting though would change equation.

Jon
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