Sell's Kitchen

Chef Ramsay: ForexDiva, tell me why you should stay in Hell's Kitchen.

ForexDiva: I talk the talk, but I also wok the wok. Last month, I had a +27% pre-GEN & ZZ monthly ROI and a net +13% monthly gain on my new SBA capital injection, giving me a pre-GEN & ZZ ROA of +8.56% or a net +4.03% monthly ROA. It'll take 3 months like this to recover my SBA paper losses and I haven't even started working on my Roth IRA recovery yet. If I work on this simultaneously, I'll be able to recover more quickly. I think that's a pretty amazing discovery slash recovery.

Chef Ramsay: Right. And what about your paper losses? Are you cooking the books?

ForexDiva: No, Chef! I haven't given up. I'm doing my own homework and I just got into a new play today - JRCC. Even though I didn't get the best price, I was able to get in pretty close to its 52WL, which broke but bounced back on the same day - closing above its previous 52WL by 6 cents and possibly confirming a fakeout. Now, it looks like it could turn into an inverse H&S formation. I plan on slow roasting the bears through to Q4 this year. This is just prep and we're getting ready to turn the heat way up. I'll keep fighting and I'm going to prove it to you, Chef!

Chef Ramsay: ForexDiva... back in line. You better shape up, you stupid cow of a diva, or the only thing you'll be walking is out that door.

Let's face it. I was on the chopping block today and I could have left Hell's Kitchen. But the bears? They're overdone. They've been selling practically all year and we have beautiful P/S, P/B, and P/E levels. This isn't 2007 and we've got amazing EPS levels with tonnes of cash on the balance sheet. The only thing they should be selling is government debt.

So let's check the temperature, shall we?

The Glencore Traders said: "You haven't got our prices figured out, ForexDiva! Not so fast..." After several days of selling, the H&S on CENX looks to have played out and we finally took out the daily 50% Fib retracement and closed above it. Will the Glencore Traders try to shake us off for arbitraging them? It remains to be seen, but we're already showing more bullish signs with the comparatively minor loss on Nasdaq confirming that a reversal could be in the making.

Still, it didn't prevent me from getting fried:

-1.54% SBA

-1.70% Roth IRA (I've got to figure out what to do about MFG and NMR...)

-0.90% DJIA

-0.26% Nasdaq

-0.74% S&P

Let's keep trading, HSFTs!