tag:blogger.com,1999:blog-2335748440449035592.post1027076908570250576..comments2008-06-03T00:59:39.928-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2335748440449035592.post-63574893806973680152008-06-03T00:59:00.000-04:002008-06-03T00:59:00.000-04:00TM,<BR/><BR/>Thanks for the insight on IPI and on inflation in Asia. Other facts... I have been looking at coal like crazy... it looks to be the real deal for the medium to long term...YZC as a coal play is speculative but I just came across it... now on my watch list.<BR/><BR/>BTW... who were you referring to regarding the TA?<BR/><BR/>;)<BR/><BR/>But that's been my point exactly. I have been out of the market and heavily looking at shorts since we bounced off of the 200 SIMPLE ;) MA , then bounced off the 50 then retraced almost exactly 50% between where the two points were hit. There are a lot of quants and computers in this market... it pays to know what this does... <BR/><BR/>Also... the 50 and 200 are converging so one is going to win... I'm thinking VERY strongly we don't go past the 200 and the shorts will be looking very good very soon...<BR/><BR/>Best,<BR/>Jonrosesryellow2http://www.blogger.com/profile/12471278009523940698noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-268452276015558292008-06-02T14:40:00.000-04:002008-06-02T14:40:00.000-04:00this whole rally up to the 200 day ma over the past few months just looks like a massive 'bull' rally within a bear market. draw a descending trendline from the peaks in october and december and then now in may. looks poised for a massive move down if we can get a solid break with strong volume. stochastics are oversold through and everytime they've been oversold practically in the last year, there has been a rally. soooo we'll see. trading sideways is fuuuuun!madhatterhttp://www.blogger.com/profile/09190401467783694097noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-89086052973087470062008-06-02T14:30:00.000-04:002008-06-02T14:30:00.000-04:00You can see the contract pricing history in the newer IPI post. Should be well into the $400s by then, and then Q3 should be well into $500s-$600s.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-84451303820540225662008-06-02T13:46:00.000-04:002008-06-02T13:46:00.000-04:00Re: IPI<BR/><BR/>I probably wasn't clear in my comment earlier so let me try this again with a simpler explanation. But to keep it simple, IPI locks in their contracts every 3-4 months. For Q1, they locked into the contracts in September 2007. So that should mean that for this upcoming quarter (Q2), their recognized contract prices should be the spot price as it was in December-January. Any ideas where that might be?<BR/><BR/>P.S. Those "brilliant", well-paid analysts kept on asking about it several times during the call. I dont think they quite got it.sdk_IVhttp://www.blogger.com/profile/06357215762477665878noreply@blogger.com