This is topic What I am watching as swing trades 3 in forum Swing Traders at Allstocks.com's Bulletin Board.


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Posted by R1 Man on :
 
New thread.

Good luck everyone.
 
Posted by Morpheus on :
 
dude...how you been doing? things ok I hope..
 
Posted by Morpheus on :
 
DOW at 11k resistance...Pres B. O'dick is talking and that usually means ...market drops..stay tuned
 
Posted by TraderJones on :
 
I told you he was alive!! R1--How's that go-cart?
 
Posted by Morpheus on :
 
TJ and everybody else...chat has moved..

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/ f/3/t/003715.html?#000002

be there or be square
 
Posted by Morpheus on :
 
ooops...stupid me..this is the link

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/3/ t/003715.html
 
Posted by sju1973 on :
 
I'm here. Swing Trades #3 Happy Friday all.
 
Posted by R1 Man on :
 
quote:
Originally posted by TraderJones:
I told you he was alive!! R1--How's that go-cart?

Yeah....that was a fun day!! Laughed my butt off. Scott saw the pictures. Anyways, I have been busy as hell with work, my son and fixing all my broken toys. My motorcycle went to crap...dealer wants $2,000 plus to fix it. So off work this week and bidding on parts on EBAY to fix it and sell it. Fixed Jill's car, have to fix her other one. Fixed my go kart then had to refix it after its bath in my pond...lol...then broke the pull cord off it so get to fix it again. Have to fix my tractor. My Jeep doesn't need fixed [Smile] Have a pond to finish and plenty of house work to do and projects to finish. Just a ton on my plate but doing good.

Anyways...few picks from others.

CIGX...coworker's pick. He bought $20,000 worth at $0.90 and claims they have some kind of smoker crap that fights a ton of illnesses. He said they have tobacco that does not cause cancer. My dad and myself looked at it and gave it thumbs down....but I don't get into hype of "WHAT IF..." I do think it can move to $2.30 though.

F...my dad's pick. It has a price target of $19 now....hmmmm....???

ABK has been nuts but seems to be cooling off.

Anyways, one day I will be back rocking it. But until then, guess I will be busy fixing my junk.
 
Posted by TraderJones on :
 
Way low volume on SIRI today, obviously lots of people like us just holding I guess. Hopefully it doesn't bring it down, I'm ready for the next ride!! [Big Grin]
 
Posted by Morpheus on :
 
TJ ..im feeling the same thng..I added another 10K shares at the close..1.08..will add more on dips
 
Posted by TraderJones on :
 
Sounds good Morph!
 
Posted by glenngsxr on :
 
SIRI looking good. My JNPR up a little this morning as well. Earnings are today for JNPR. I think I will sell just before the close and buy up some SIRI. I am tired of getting burned by earnings, even when they blow the estimates out of the water.
 
Posted by glenngsxr on :
 
nevermind gents. I am not playing earnings. It hasn't worked before, why the hell would it work now all of a sudden. Into SIRI with 12000 shares at 1.11
 
Posted by rajthebam on :
 
welcome back R1

go siri go....
 
Posted by TraderJones on :
 
probably good thinking there Glenn. SIRI up real nice this morning even though the volume is still low.....eitherway I'll take it.
 
Posted by Morpheus on :
 
just rang the register on 50K SIRI at 1.15..looking for a pullback to pop back in..hmmmmm???
 
Posted by TraderJones on :
 
Nice Morph. Yeah there still could be some drops for sure between now and earnings. Although it's pretty high considering it's still a few weeks away...might not drop a lot...we'll see...Good luck to all of us!
 
Posted by TraderJones on :
 
Looks like the walls are being broken down on the L2, Looks like to me that it could go higher than $1.15 today.
 
Posted by Morpheus on :
 
i still hold 300k shares,,,just looking to maybe pick up a little ski ticket money...mammoth is expensive these days
 
Posted by TraderJones on :
 
Did you ever buy that condo in Tahoe morph?
 
Posted by Morpheus on :
 
not yet...prices are still going down..so waiting
 
Posted by Morpheus on :
 
i gots a nice girlfriend with a great place in mammoth..so that is all good..its the biggest ski resort in the world if you did not know that..great snow this year..they will be skiing till july 4 ..just went there this weekend for the annual spring fest...oooooodoggie..good times indeed
 
Posted by TraderJones on :
 
Sounds good to me. Rock on morph!
 
Posted by Morpheus on :
 
just got back into SIRI 60K shares at 1.11...that was a real nice 2K in my pocket...thank you very much..
 
Posted by Morpheus on :
 
going short DRN here at 190.55
 
Posted by glenngsxr on :
 
Is the next run-up starting again?
 
Posted by Morpheus on :
 
oh yeah baby...it started a while ago...lots of ups and downs for the next few weeks...its a game of "deal or no deal" the banker offers and you decide...I just got real lucky the last few sell and buy backs.. cause the risk you take is the train leaving the station with out you..so in a nut shell.."money not lost is money made, and money not made is money lost" its an evil truth of this game..
 
Posted by TraderJones on :
 
Could be starting Glenn, volume picking up too.
 
Posted by glenngsxr on :
 
well hell, thank god I got out of JNPR before earnings. They had great earnings and, predictably, the market just pummeled them in AH. Looks like SIRI will be a good bet tomorrow. Overall, I am still averaged in below $.85 somewhere for 12000 shares. As Morph says, yee-doggie!
 
Posted by glenngsxr on :
 
SIRI up a couple pennies this morning. Good thing I did not play any JNPR earnings. Here is what I am lost about. JNPR great earnings = stock pummeled. AAPL great earnings = stock jumps. Why the discrepancy?
 
Posted by TraderJones on :
 
That's why trading is so tricky...ya can't think logically sometimes.
 
Posted by Morpheus on :
 
added YRCW at the open..riding till a buck....just added more SIRI at 1.095 and just now short DRN at 208.20
 
Posted by glenngsxr on :
 
Morph,
why is YRCW going to a buck?
 
Posted by Morpheus on :
 
cause i told "them" to make it happen or else ...there will be serious consequences that will have to paid..
 
Posted by TraderJones on :
 
haha.....yeah good reasoning Morph.
 
Posted by glenngsxr on :
 
SIRI doing the exact same thing it did last time. I hope it doesn't go back down to .88 though.
 
Posted by glenngsxr on :
 
TC is nearing a buy again. I think SIRI may be drug down by general market conditions this market. Pretty lousy all around.
 
Posted by glenngsxr on :
 
SIRI clawing it's way back today.
 
Posted by TraderJones on :
 
Not too worried about SIRI, overall they're UP. it might still come back down a little, but overall I think it has EXCELENT potential. Still holding here.
 
Posted by TraderJones on :
 
AND...the closer we get to earnings, the more the volume WILL increase, and so will the buying, forcing that price up up up, and through that $1.18 high. As soon as it breaks that high, there will be an awful lot of room for the next high.
 
Posted by Morpheus on :
 
a pick i put out there a few days ago..PROT is moving on up..i loaded up on this as a pure spec play at 2.30 and here we go...most volume in a long time
YRCW still trending up...go man go
 
Posted by sju1973 on :
 
NOK looks interesting. The usual story, hit hard on the earnings report. I wouldn't buy today as it may even drop more. But interesting to watch. I think it can easily bounce back to 14+ in no time. Again, way oversold. IMO.
 
Posted by glenngsxr on :
 
SIRI looking lovely this morning.
 
Posted by sju1973 on :
 
SPF 6.60 damn.
 
Posted by R1 Man on :
 
IBNK....check it out. Day trader today.

MBTF....Same as above.
 
Posted by R1 Man on :
 
Transfering money back to account for a quick flip later.
 
Posted by R1 Man on :
 
Guess this is the R1Man day....you all must be at the ski resort with Morpheus. Wish I was there.
 
Posted by TraderJones on :
 
I sure would like to see more volume on SIRI, even though the price is up and maintaining a nice level.
hey R1- I sent you a message on Facebook, check it out when you have a chance.
 
Posted by R1 Man on :
 
I read it....MTLQQ is junk...don't do it.
 
Posted by TraderJones on :
 
Damn, I can't get anyone onboard with me on this.
 
Posted by glenngsxr on :
 
not all of us can just go skiing and golfing everyday like Morph. Not all of us can play this game as well as he does either. I guess that's WHY we can't go skiing and golfing every day.
 
Posted by TraderJones on :
 
not yet anyway
 
Posted by R1 Man on :
 
quote:
Originally posted by glenngsxr:
not all of us can just go skiing and golfing everyday like Morph. Not all of us can play this game as well as he does either. I guess that's WHY we can't go skiing and golfing every day.

Since your a bike guy...my Magnets in the Rotor all got destroyed in my bike and all throughout my motor. That is why its called YAMAJUNK!!!

By the way...I used to be ballin like Morpheus...guess I should of been smarter about it and not so GREEDY!!!

Yeah Scott...your wagon has no wheels, half burned down and surounded by pissed off indians. Time to find a new wagon.
 
Posted by R1 Man on :
 
So did any of you flip IBNK yet...I'm still waiting on funds to transfer into my account. I would of jumped in at $1.61. $1.75 now....time to sit back and wait for another dip.
 
Posted by TraderJones on :
 
No funds for flipping for me Bill, still holding on SIRI.
 
Posted by glenngsxr on :
 
quote:
Originally posted by R1 Man:
quote:
Originally posted by glenngsxr:
not all of us can just go skiing and golfing everyday like Morph. Not all of us can play this game as well as he does either. I guess that's WHY we can't go skiing and golfing every day.

Since your a bike guy...my Magnets in the Rotor all got destroyed in my bike and all throughout my motor. That is why its called YAMAJUNK!!!

By the way...I used to be ballin like Morpheus...guess I should of been smarter about it and not so GREEDY!!!

Yeah Scott...your wagon has no wheels, half burned down and surounded by pissed off indians. Time to find a new wagon.

That's why I ride Suzuki!
 
Posted by TraderJones on :
 
Bill--"Your wagon has no wheels, half burned down and surounded by pissed off indians....time to find a new wagon"....????!!!! AWWWWW COME ON, WHERE'S THE LOVE MAN????
 
Posted by R1 Man on :
 
quote:
Originally posted by TraderJones:
Bill--"Your wagon has no wheels, half burned down and surounded by pissed off indians....time to find a new wagon"....????!!!! AWWWWW COME ON, WHERE'S THE LOVE MAN????

MTLQQ NEWS...READ IT!!! I helped show you the key line.

GM moves closer toward public ownership, IPO
10:05a ET April 7, 2010 (MarketWatch)
NEW YORK (MarketWatch) -- General Motors Co. said it has completed "fresh-start accounting" and would file its third-quarter and full-year financial results on Wednesday,

paving the way for the company to go public.

For the period form July 10 through Dec. 31, the Detroit automaker said it lost $4.3 billion as it rang up $57.5 billion in revenue. Net cash provided by operating activities was $1 billion. "I continue to believe we have a chance of achieving profitability in 2010," said Chief Financial Officer Chris Liddell. GM also remains committed to repaying the outstanding balance of the U.S. Treasury and Export Development Canada loans by June. GM emerged from bankruptcy on July 10.


Ohh by the way....My Wagon only has 2 wheels, dead horses and a lazy driver.
 
Posted by glenngsxr on :
 
SIRI down a penny thus far. Not a huge deal. Hopefully, we will see a pre-earnings run up this week. This is day 9 to meet the 10 day listing rule. What's gonna happen?
 
Posted by TraderJones on :
 
Well Glenn,and others, What's going to happen with SIRI?? It's just been floating so much lately, and the volume has been low, It's just starting to make me wonder. Overall I'm fairly confindent in it, but I just haven't seen any great signs of life lately. Any comments??
 
Posted by glenngsxr on :
 
not sure. I think she will gradually climb into earnings. We also only have one more day to go until day 10 to meet the listing rule. I know one thing, I will not be holding on earnings day, May 3.
 
Posted by Morpheus on :
 
YRCW ..SIRI...MSFT...ODP...WHR


http://www.youtube.com/watch?v=pcggr_23WJU

you just gotta luv luv luv cyber vegas
 
Posted by TraderJones on :
 
Well it sure wants to lean towards going up, and it's, overall, been quite solid, so I'd still have to believe it's gonna start inching it's way up.
 
Posted by TraderJones on :
 
WOW!! SIRI just exploded!!! going up BIG!!!
 
Posted by rajthebam on :
 
Out of SIRI at 1.15.....still climbing but i m happy i made mola...
 
Posted by TraderJones on :
 
nice Raj!
 
Posted by TraderJones on :
 
You've been holcing for quite a while...cool for you
 
Posted by rajthebam on :
 
ya i know TJ. I am looking for something to get in now...or may be SIRI again if it dips....YRCW any thoughts on that one? its already at 0.74 - any room for more?
 
Posted by TraderJones on :
 
YRCW sure seems to be moving doesn't it. every other day it's up. there might still be room there. it will probably poop out at around .90 for a while anyway...then it might go back over a dollar again, might be a while before that happens though
 
Posted by glenngsxr on :
 
I am on the fence about YRCW. Seems to me that SIRI would be the better bet. Less risk than YRCW. At least you know SIRI has good financials. YRCW has terrible financials. I think YRCW can climb a few mors cents, but will poop out after that and settle in the .70 range.
 
Posted by TraderJones on :
 
Good observation Glenn.
 
Posted by TraderJones on :
 
SIRI--Volume UP, price UP!! $1.20!!! YEEEE DOGGGIE INDEED!!
 
Posted by Morpheus on :
 
I dont have time to think...just buy...I added 10k more of SIRI at 1.13 ...you made money RAJ ...good for you..but you opened the door to the hen house and let the chicken that lays the golden egg run free...remember...timing my friend ...timing is key..
 
Posted by TraderJones on :
 
Well Morph, speaking of timing, where do you think this baby is gonna land, when is going to be the best time to sell?? I guessed weeks ago that it would go to $1.27, so far I'm on track...$1.21 in aftermarket! But still not quite sure when to sell. is tomorow going to be the high?...and then float through earnings?? I'm undecided here. Any insight from anyone would be awesome!
 
Posted by Morpheus on :
 
im gonna try and scalp half of my holdings to max my gains...but if you like to buy and hold..this is going to above 2 bucks in the next 3-4 months and beyond..IMHO
I have an open order at 1.25 to sell 150K shares and if it keeps going up..so be it..bur if it pulls back even 3 cents...i load back up half and wait..that is my plan..time will tell..but into earnings...we could see 1.40 plus..as always..its a crap shoot, but the odds look to be in our favor at this moment, from what my research team is able to gather...nothing but good news abounds concerning earnings and outlook
 
Posted by glenngsxr on :
 
What's this thing doing Morph?
 
Posted by glenngsxr on :
 
Well, I am outta there at $1.19. Waiting for a good spot to get back in. It keeps testing $1.15, but I gotta believe it will fall through that in a little while. Maybe even back to the $1.09 range.
 
Posted by glenngsxr on :
 
YRCW down today as well.
 
Posted by glenngsxr on :
 
Of all days, today is the one that my scottrader is having problems. What the hell?
 
Posted by glenngsxr on :
 
ok, back in at $1.16.
 
Posted by TraderJones on :
 
Thanks for the info Morph.
 
Posted by rajthebam on :
 
i agree morpheus. I did buy back in at 1.15 though...same 3K shares....dime out of this would be nice in next couple days....

are you still playing DRN? I am also liking the YRCW at this point what do u think?
 
Posted by glenngsxr on :
 
Raj,
the market is dragging everything down. If I had some funds, I would be snatching DRN up in a heartbeat!
 
Posted by Morpheus on :
 
Raj...I have been playing DRN everyday since I discovered it...it goes with the market...If you have a good feel for the market direction..go with it..I had shorted 80 shares yesterday and doubled up when the market had gone from down 25 to plus 10 and then it was ALL GOOD from there..just try to go with the trend..I remain short 80 shares into wed open..looking for a big drop in the dow good luck to us
 
Posted by glenngsxr on :
 
Raj,
I meant snatch up DRN for long tomorrow. When you have a huge day like this, it's bound to bounce back a little.
 
Posted by glenngsxr on :
 
Well folks. SIRI officially made its listing requirement with no problem. That should remove some uncertainty from investors.
 
Posted by rajthebam on :
 
siri up to 1.18 woohoo am already in green
 
Posted by glenngsxr on :
 
back down to $1.16. What is going on with this thing? Are we not gonna have the normal run-up before earnings? Are we fairly valued? Who all is holding through earnings the May 4th?
 
Posted by Morpheus on :
 
get ready for some “Sirius”-ly good news.

http://seekingalpha.com/article/201359-getting-ready-for-sirius-good-news?source =yahoo

you just gotta believe brothers
 
Posted by TraderJones on :
 
Not sure what to do Glenn
 
Posted by glenngsxr on :
 
I think hold through Monday before close at the very least. I believe SIRI is fairly valued and investors already knew the listing requirement was going to happen so that's the reason for no movement this morning. We will see buying pressure going into earnings which will drive the price up.

On that note, YRCW is a buy again at .66.
 
Posted by sju1973 on :
 
I agree on YRCW Glenn. I think this one is going to 1.00 + very soon. Earnings are out next Tuesday after hours. My guess is that earnings will beat expectations. If I had available funds I would be getting in at some point.
 
Posted by rajthebam on :
 
i have limit order for yrcw at .65
not a lot of shares but i m just lookng for quick % gain thats all....

DRN went up and down a lot today - i see how u guys are timing it but it seems like u can get stuck pretty fast too if the market holds its direction for few days in a row...would be tough to bounce back i would think...
 
Posted by sju1973 on :
 
Be careful on entry for YRCW. Looking at the daily chart it may continue to fall for the rest of the day. It's hard to tell. I'd wait until end of day or maybe even tomorrow.
 
Posted by TraderJones on :
 
Yeah I saw that too SJU. It could still drop a little more. Hey, the price finally moved on SIRI!! Starting to look a little more positive.
 
Posted by glenngsxr on :
 
SIRI getting crazy volume right now! Upward pressure is building.

YRCW is a good buy as is, but I think .64 is not unreasonable. That is where it usually bounces off of.
 
Posted by rajthebam on :
 
where are you seeing the volume go up?

YRCW it seems never reached .6400 as you are saying, it bounced off .6466 i think - let me know.
 
Posted by TraderJones on :
 
What's up with the buying/selling on SIRI?? Why is the buy and sell at $1.17??
 
Posted by TraderJones on :
 
It's like they're holding the price there for a huge sale/purchace...??
 
Posted by rajthebam on :
 
i wonder too TJ...
 
Posted by TraderJones on :
 
did you buy YRCW raj?? The price dropped pretty quickly there a few minutes ago. .618 low
 
Posted by sju1973 on :
 
I had a feeling YRCW would close at or near the day's low. That's why made the comment I did earlier. Like Morph says, timing is everything.

It is a good buy though if you're patient. It will do real good over the next few weeks, IMO.
 
Posted by glenngsxr on :
 
YRCW has bounced off of .64 for the past two weeks. The SIRI volume spike was between 40-50 million shares. It was going nuts for a bit. Seems to have cooled off a bit now.
 
Posted by TraderJones on :
 
I'm kind of suprised it's droping even more, just might be a good buy.
 
Posted by rajthebam on :
 
ya i got in at .64 in YRCW man that was a quick drop to .618 - hopefully it recovers in next few weeks

still holding siri....hope tomorrow is good day
 
Posted by glenngsxr on :
 
SIRI is gonna retire $114 million in debt on June 1st. This is great news! Improves free cash flow by a bunch. Gap up on the open I think!

http://finance.yahoo.com/news/SIRIUS-XM-to-Retire-114-prnews-3016634347.html?x=0 &.v=1
 
Posted by TraderJones on :
 
yeah, that is great news for sure!! The price jumped a little in aftermarket too.
 
Posted by glenngsxr on :
 
SIRI pre-market at $1.19! Hope it keeps on going!
 
Posted by rajthebam on :
 
what do the technicals say about siri's run today glenn/tj?

yrcw up 2 cents to .63 this morning.....hmmmm
 
Posted by glenngsxr on :
 
Morning Raj,
Be patient with YRCW. She will come up over the next few days and you will be profitable.

I firmly believe SIRI is fairly valued. All of their financials line up and that is why it is stuck in this range. It is getting pressure from people that want to be in during earnings. I think it will continue down this road for the next two days. I am not putting much technical info into SIRI Raj. This stock does not act like most stocks so I think it's out of the question.
 
Posted by rajthebam on :
 
i am thinking about dumping my siri at 1.19
any thoughts?
 
Posted by glenngsxr on :
 
I wouldn't.

Not sure what to say about YRCW. Taking another dump this morning. Unlike SIRI, I firmly believe that it is a POS stock. There are no fundamentals to back anything up, which means you are at the mercy of the daytraders.
 
Posted by rajthebam on :
 
i am thinking about dumping my siri at 1.19
any thoughts?
 
Posted by glenngsxr on :
 
Might be a good time to reverse all positions and go short DRN for a bit.
 
Posted by rajthebam on :
 
some volume building going on SIRI at the moment. holding off on selling
 
Posted by glenngsxr on :
 
good choice.
 
Posted by sju1973 on :
 
HP buying PALM for 1.2 million
 
Posted by TraderJones on :
 
You still think it's going to go higher Glenn?? This low volume, and the price hardly moving makes me wonder....as you said, is it fairly priced right now?? I'm not so sure if it's going to move a lot more with this low vol.
 
Posted by rajthebam on :
 
SJU - get you coffee fix right away - you meant Billion right? just kidding....
 
Posted by sju1973 on :
 
quote:
Originally posted by rajthebam:
SJU - get you coffee fix right away - you meant Billion right? just kidding....

Oh man. Fat fingered that one. Yes Billion! Just refilled my coffee as a matter of fact [Smile]
 
Posted by glenngsxr on :
 
Well, the low volume just tells me that everyone that wants to be in for earnings, probably is by now. This also means they are fairly priced. However, lets not be over critical here. SIRI has gone up 5% over the past two days. Yes, this is not a run-up like us daytraders love, but it's still significant. I think Morph has been hitting this stock on the head the whole time and we all should have listened. This is a good old for years to come. There are only two things that will give you a sign to sell this baby.

1) If someone comes out with a better technology and service.

2) When the auto market slows down.
 
Posted by sju1973 on :
 
Still riding ATAC since 17.95. It's been a nice ride so far. Up 15% at this point. I'm looking to hold until around 23.50 or so.
 
Posted by glenngsxr on :
 
nice one Sju. I still hold my EMC since $16 and my SBUX since $19 as well. I don't think you could lose money in this market on any blue chip if you hold long enough!
 
Posted by sju1973 on :
 
I agree Glenn.
 
Posted by rajthebam on :
 
Good picks there Glenn. I am thinking about setting up ROTH IRA for me and wifey right now and looking for some quality picks to hold for may be 10-15 yrs - how about VZ GE PFE MSFT for long term holding? wanted to get your thoughts.
 
Posted by sju1973 on :
 
NOK might be at or near bottom.

Several analyst downgrades over the past week or so. I love analyst downgrades if I am not in the stock at the time. They usually result in a few days of panic selling followed by a reversal.
 
Posted by glenngsxr on :
 
Those seem like decent picks to me. Well diversified. Good companies that have adapted well over the years to changing times. I think I would sub in MRK for PFE though. Better exposure to more of the market and not so target audienced.
 
Posted by glenngsxr on :
 
Just picked up 2000 shares of DRV at $6.51. I wanted to just short DRV, but there were no shares available. I think this market is topped out for the day.
 
Posted by TraderJones on :
 
YRCW still droping
 
Posted by sju1973 on :
 
Yeah. It's best to wait for reversal with YRCW. Everyone is nervous about the earnings release IMO. Next Tuesday after hours. I think it will be up from there.
 
Posted by TraderJones on :
 
Could be right on the money there Sju. have you seen COIN lately...damn!
 
Posted by sju1973 on :
 
I know. I did see that, TJ. Like you said the other day, I wish I would have picked some up at .85.
 
Posted by glenngsxr on :
 
Well my DRV did not work out so well so I am doubling up on my holdings right here. Where is the bottom today dangit?
 
Posted by rajthebam on :
 
glenn you picked up drv at 6.51 and now its at 6.28 - you are not taht much down why are you buying more at only 20 cents drop? you are obviously much smarter investor/daytrader than me but help me understand please.
 
Posted by glenngsxr on :
 
Raj,
Just didnt have confidence in the direction of the market at that moment. It looks like she topped out though so I am going to right way now.
 
Posted by TraderJones on :
 
Volume picking up on SIRI, and the L2 much more leaning towards going up in price.
 
Posted by rajthebam on :
 
ok i see

hope tomorrows good day for siri...good luck to all of us....
 
Posted by TraderJones on :
 
A LOT of buying at $1.19 on SIRI!
 
Posted by rajthebam on :
 
TJ can you explain where you are seeing the actual buying taking place? obviously thats a good sign for any equity but i just want to understand where are you seeing this info? thanks.
 
Posted by Morpheus on :
 
i gots a boatload of YRCW...it has pulled back way more then I thought. It seemed to have tremendous momentum in the .70 range..so I continue to hold
 
Posted by TraderJones on :
 
Raj-I have TdAmeritrade, there's all kinds of different "tools" you can use. One of them is a last sale chart. It shows actuall buying and selling to the second. When I see pages and pages scrolling by, in combination with watching an L2 chart (which shows how many shares are available at each price) I can pretty much tell you when it's going to jump to the next price up or down.
Like today for example. I was watching the last sale chart in combination with the L2 chart, and there was tons of selling at $1.19, and with not many shares left at that price I could see that the price was going to drop so (Don't kick me fellas) I SOLD AT $1.19......I just don't see a lot more strength or momentum in it. I could be wrong. I guess we will find out in the next few days. Either way I made a boat-load of $$, and It's not like I'm not going to buy back in at some point.
 
Posted by rajthebam on :
 
how come i dont see these charts in scottrade?

and ya what about a heads up before selling dude?
 
Posted by TraderJones on :
 
Sorry Raj, It was a split second decision. I've been sick the past few days, and I woke up late today. The second I got on I was seeing all the evidence that I told you about, and, I sold. You don't have any of these charts on Scottrade??...maybe they suck.
 
Posted by rajthebam on :
 
I called them L2 is money per month so i dont have it. last sale chart they are researching where it is and get back to me
 
Posted by rajthebam on :
 
where is glenn today?
 
Posted by TraderJones on :
 
Sorry Raj, but that sounds kind of lame. Honestly, I haven't heard much of anything good about Scottrade. And I've heard you guys complain about it several times. I realize they charge less per trade, BUT if you don't have access to these kind of tools then I don't see the point towards keeping them. These are just a few of the tools that I have there's quite a few more, but these are the main ones I use. I also use a to the minute, streaming, color coded, candle-stick chart. Honestly, they have a lot of great tools to use that have helped me in my buying and selling decisions.
 
Posted by TraderJones on :
 
A Lot of selling at $1.18 Raj. the price is going to drop again.
 
Posted by TraderJones on :
 
and again
 
Posted by rajthebam on :
 
ya went to lunch and came back and noticed...damn. oh well i'll just hold for now then.
 
Posted by TraderJones on :
 
As far as what I'm seeing, it's stable at $1.15/$1.16. Either way, SIRI is just plain good to hold. I don't think you have to loose. It just depends on your own agenda/strategy. Whether it's buy sell buy sell....or just buy at a good price and hold.
 
Posted by TraderJones on :
 
I'm outta here for now, still have a really bad cold, so I'm goin back to bed for a while. Good luck to everyone! Drinks are on me! Made some REAL good $$ today! [Good Luck] [Big Grin]
 
Posted by Morpheus on :
 
sold out of my PROT near close today 4.13...I brought this to the board about 2 weeks ago..hopw somebody made some coin on it..I tagged almost a double...wish I had bet the farm...hey...but ill take the 3 grand and spend it on a nice cruise to mexico next weekend..yeah that sounds good to me..yeah for carnival cruises
 
Posted by glenngsxr on :
 
Sorry gents. I have been at the racetrack all day. Didn't have very good signal, but I was very happy to see my DRV had a great reversal today! See you all on Monday!
 
Posted by glenngsxr on :
 
I jumped back into SIRI today at $1.18. She is up a little as of right now. Who is holding through earnings on here?
 
Posted by TraderJones on :
 
I sold on Friday Glenn. I may or may not buy back in.
 
Posted by glenngsxr on :
 
I'm kind of liking this DRV/DRN plays. I think the key is to wait until about 1230 EST until the market has determined its direction and high low for the day. Then all you gotta do is play the opposite direction. I think this only works on days the market is up a reasonable amount. How often does the market have two big gains in a row? Almost never. Usually, it reverses a bit the next day. Similar to the way I played it on Thursday.
 
Posted by glenngsxr on :
 
Today is a GREAT example. DRV was down a big chunk this morning. However, I am going to wait until it bottoms for the day around 1230 EST like I said above. It is now making that move and I am looking to load up around $6.20 or so. Tomorrow is should correct up a bit for a nice 3-5% gain.
 
Posted by rajthebam on :
 
out of SIRI at 1.21 - woo hoo
 
Posted by TraderJones on :
 
Nice Raj. Good timing
 
Posted by TraderJones on :
 
Now the question is: Is it going to keep going up through earnings??
 
Posted by rajthebam on :
 
ya i know...thats always tough but i made money i cant complain

looking to get about 500 DRV at 6.10 or so what do you think glenn? its already about 10% down...?
 
Posted by glenngsxr on :
 
Yes RAJ. Great chance to grab some here. I am gonna play it for sure. Out of SIRI at $1.22.
 
Posted by rajthebam on :
 
damn its 6.20 now
i have 6.15 limit buy
 
Posted by rajthebam on :
 
r u pickin up a bunch
 
Posted by glenngsxr on :
 
almost there Raj.
 
Posted by glenngsxr on :
 
I just grabbed 2000 shares at $6.18.
 
Posted by glenngsxr on :
 
There you go Raj. You should have just gotten filled.
 
Posted by rajthebam on :
 
in for 500 shares at 6.17
 
Posted by glenngsxr on :
 
That will work too!
 
Posted by glenngsxr on :
 
now that baby is at $6.10!
 
Posted by rajthebam on :
 
my got that hurts...i dont like laeving any money on table...
 
Posted by glenngsxr on :
 
Yeah, but if we could all predict the bottom, nobody would ever lose money in the stock market!
 
Posted by rajthebam on :
 
ha ha...true that. i am ready for a ride up fm here though...seriously
 
Posted by glenngsxr on :
 
Nice pop on YRCW as well.
 
Posted by glenngsxr on :
 
Hold on tight Raj. Pressure is building. Time to correct!
 
Posted by rajthebam on :
 
my buy in was rouhgly .64 or .65 on yrcw can't remember exactly - i am still far away fm breakeven on that one....ggghhhhhh can't wait to make some $ on that baby
 
Posted by rajthebam on :
 
6.04 now
 
Posted by glenngsxr on :
 
I'm not too worried about DRV.
 
Posted by glenngsxr on :
 
coming up a bit now huh?
 
Posted by rajthebam on :
 
yes yes me likey
 
Posted by glenngsxr on :
 
Me likey when the DOW goes up and the DRV still holds it spot. Me also likey when SIRI goes up too!
 
Posted by rajthebam on :
 
u still holding siri? good for u

in hindsight may be i should have sold half and kept half for further ride....oh well i m learning day by day
 
Posted by glenngsxr on :
 
hindsight is always 20/20. I still hold a bunch of shares at .66 a share or something like that.
 
Posted by rajthebam on :
 
sweet jesus
 
Posted by glenngsxr on :
 
pure luck Raj. don't beat yourself up over it. I hate the stock market right now because it makes no sense. the only thing I know is that it goes up and makes me money.
 
Posted by glenngsxr on :
 
I just have this feeling that SIRI will be down after earnings. I hope I'm wrong.
 
Posted by TraderJones on :
 
Don't be too surprised Glenn. It happened last time and earnings were great...overall. I would almost guarantee it's gonna go down--big sell-off. I also read somewhere that when it gets to the $1.25-$1.30 range it's overbought. I'm almost thinking of shorting it for a short while....we'll see.
 
Posted by glenngsxr on :
 
Raj and TJ, hope you listened to me and did not hold through earnings. Down a bunch in premarket thus far. Raj, you will be pleasantly surprised by your DRV this morning. Hold onto her until the 1230 EST hour at least unless the market makes some weird large reversal.
 
Posted by TraderJones on :
 
I never bought it again Glenn. I was betting on the fact that it would go down. Shoulda shorted it like I said I was gonna do.....still might do just that at some point.
 
Posted by glenngsxr on :
 
TJ, good work. I can't say that I would short it just cause its too unpredictable right now, but at least you were not holding today.

My DRV is taking off!
 
Posted by TraderJones on :
 
Yeah DRV looks good.
 
Posted by glenngsxr on :
 
Now, when to exit DRV and jump into DRN will be the question. I am waiting for at least an 8% gain in DRV before I flip her around.
 
Posted by TraderJones on :
 
Careful Glenn, you know how the market can be. It could reverse anytime. Just when you've got it figured out it does the opposite of what you thought or wanted it to do.
 
Posted by rajthebam on :
 
ya nicely up this morning....hmmmm
 
Posted by glenngsxr on :
 
I'm gonna keep a close eye on her. Yesterday the NASDAQ finished up 38 points and DRV finihsed down almost 12%. Today the NASDAQ is up 57 points and DRV is up only 6%. If my calcs and logic are correct, we still have a ways to go.
 
Posted by rajthebam on :
 
good thinking glenn....me likey
 
Posted by glenngsxr on :
 
YRCW and TC are buys again right now.
 
Posted by rajthebam on :
 
I like the TC pick....looks ripe
 
Posted by glenngsxr on :
 
YRCW not a buy anymore. That was when it was at .52. TC is def a buy though.

TJ, I think we are seeing that range that FAZ/FAS trade in again. Earnings have had little effect on the market overall. I feel comfortable jumping to FAZ in the $11.50 range or so again.

This is just my observation. People work off of expectations. Think about it. You see it in the workplace. The person that is late everyday gets no backlash. The person that is never late gets a talking to the first time it happens. It's that psychological part of economics I love

On a lighter note, I took nearly a full second from my fastest lap time this weekend at a particular track!
 
Posted by rajthebam on :
 
DRV heading down a little now
 
Posted by TraderJones on :
 
Yeah Glenn I love the psychological side of the market too. Nice job on your bike!
 
Posted by TraderJones on :
 
And where the heck is Morph?? haven't heard where he's trading within SIRI...
 
Posted by glenngsxr on :
 
MT is even a better buy than TC. Holy cow! can't remember the last time I saw MT trading in the 30's.
 
Posted by glenngsxr on :
 
Here comes your next leg up for DRV.
 
Posted by glenngsxr on :
 
Raj,
I think I am out of DRV next time it hits $6.45. Gonna jump into MT....just too darn cheap!
 
Posted by glenngsxr on :
 
maybe not. market taking a dump again. gonna wait a bit longer. Right here is where traders get burned. They get emotional like I am right now about losing the money I gained. This is called risk aversion. I have to fight the urge to drop my shorts on this. I have planned my trade, now I need to trade my plan.
 
Posted by rajthebam on :
 
good idea....i did put a limit sell of 6.55 just now...i would be happy with that
 
Posted by glenngsxr on :
 
boy I wish DRV would respond to this market. damn thing is just stuck!
 
Posted by glenngsxr on :
 
I will be out of DRV in a few mins if it does not start making another leg up. I will jumping to MT immediately afterwards.
 
Posted by rajthebam on :
 
out at 6.48
 
Posted by glenngsxr on :
 
same here. into MT at $36.77.
 
Posted by rajthebam on :
 
in to MT at 36.80
tagging along with you here Glenn...oh crap its going down further
 
Posted by glenngsxr on :
 
dont worry about the MT Raj. It will come up. Same thing as yesterday. If we could predict bottom all the time, nobody would ever lose money.
 
Posted by TraderJones on :
 
How much do you have in MT guys?
 
Posted by rajthebam on :
 
i am holding only 100 shares....as always i dont have deep pockets yet like you folks do but getting there....i am only looking at % gain
 
Posted by glenngsxr on :
 
370 shares here.
 
Posted by glenngsxr on :
 
its go time Raj.
 
Posted by TraderJones on :
 
Thanks fellas...just curious. good thing you got out of DRV, taking a dump now even though the market is still down quite a bit. RAJ---I think I told you before about having more money "Whack your neighbor on the head and sell his organs on the black market"!! geeze Raj, it's not that hard.
 
Posted by rajthebam on :
 
ha ha...i needed a good laugh....thx.
 
Posted by TraderJones on :
 
I am here for your entertainment. [Big Grin] I'm outta here for a while, I've got more pressing things to do.
 
Posted by glenngsxr on :
 
Approaching the 1230 EST hour. I fully expect the market to tank a little further from here. Let's see if my hypothesis holds.
 
Posted by glenngsxr on :
 
Looks like its holding true to me. Market taking a big dump.
 
Posted by glenngsxr on :
 
believe it or not, I have this feeling that the market will claw its way back a great deal by the end of today.
 
Posted by glenngsxr on :
 
quote:
Originally posted by glenngsxr:
believe it or not, I have this feeling that the market will claw its way back a great deal by the end of today.

just no reason for it to be down this much today.
 
Posted by glenngsxr on :
 
Wow, market took a dump all day. Pretty surprised by that. Should get a nice reversal tomorrow. DRV looking dandy right now. Should have held on for a bit longer. Oh well, still made money on it.
 
Posted by rajthebam on :
 
you said it before, we can't time these things right? Ya tomorrow should be good day for MT to go green. saddle up boys.
 
Posted by glenngsxr on :
 
Agree. I think tomorrow will be a good day for us in MT land. I'm already in the green right now, actually we both are.
 
Posted by glenngsxr on :
 
MT down in premarket, but I am still not too worried about it. Like I said previously, I cannot remember how long it's been since I have seen MT this cheap. Just might take a couple of days.
 
Posted by glenngsxr on :
 
Can you guys take a look at DRN? Is that accurate? That cannot be real, right?
 
Posted by glenngsxr on :
 
nevermind, I see that Direxion did a forward split on a bunch of their funds. It's not truly a loss for anyone's market value. Just scared the piss out of me when I first saw it.
 
Posted by rajthebam on :
 
ya i had to read up on it did look strange
anyway MT would have been even better buy right now....

look at DRV go
 
Posted by glenngsxr on :
 
market seems to be clawing its way back. I think we will finish in the green by days end. Just not enough concrete data to drive this market down THIS much. I firmly believe that. A daytraders dream!
 
Posted by glenngsxr on :
 
Fantastic opportunity to get into FAS or DRN. This market will reverse soon. I have no funds available so I can't do it.
 
Posted by glenngsxr on :
 
quote:
Originally posted by glenngsxr:
Fantastic opportunity to get into FAS or DRN. This market will reverse soon. I have no funds available so I can't do it.

In addition, YRCW seems to take a beating when the DOW does as well. Great day to get into there as well.
 
Posted by rajthebam on :
 
i wish i had some extra funds available to throw in it right now
 
Posted by glenngsxr on :
 
Get ready for takeoff Raj. We are going green, and I don't mean being environmentally friendly!!
 
Posted by glenngsxr on :
 
Me is thinking about getting out of MT when it comes up and jumping into YRCW for awhile. Opinions?
 
Posted by TraderJones on :
 
MT can be very slow moving and YRCW is really low, although they sure didn't get any good news yesterday, so your guess is as good as mine if they're going to recover.
 
Posted by TraderJones on :
 
FNM seems really low, almost ripe for picking???
 
Posted by rajthebam on :
 
here we go MT...
 
Posted by TraderJones on :
 
OK fellas, I might have a great pick here. CSTR which is Coinstar and they own Redbox. Redbox is the DVD rental machine. They're growing BIG! My brother mentioned them to me last week some time when they were at about $38, they just hit a 52 high today about $50.75. I haven't read into them a lot yet, although I did see someone say "look for them to be possibly making a coffee kiosk machine" as in: something to compete with Starbucks and all the other expensive coffee places. I also see it as a "buy" and "hold" by several annalists.
 
Posted by rajthebam on :
 
i remember reading about CSTR while ago. doesnt sound like a bad model at all - redbox only helps them diversify. should be a good play for LT i would think but i also think why would i want to pay for counting coins when my local bank does it for free? redbox will change the landscape of rending dvds even further for sure and its already evident by the hits blockbusters and hollywood vides are taking.
 
Posted by glenngsxr on :
 
I like CSTR. Unless they get some real competition, they will own that market for awhile. A good long term hold for sure.
 
Posted by glenngsxr on :
 
MT looking very strong. Wait till this market goes green. Raj and I will be ballin like gangstas! OK, maybe not to Morph status, but still ballin hard!
 
Posted by rajthebam on :
 
I just read Vanguard lowered their ETF and equity trade commissions....hmmm....thats good news when i was just about moviing to fidelity 7.95 trades....do you guys trade in your IRA accounts? i wonder how much active vs passive trading return differences are for IRA trading
 
Posted by rajthebam on :
 
ghost town here?
 
Posted by glenngsxr on :
 
nah, I'm here. MT up a touch. FAS and DRN up a touch as well. About time we see some green market. Just patiently waiting for my MT to come up to a good selling point.
 
Posted by rajthebam on :
 
glenn what brokerage u use? i use scottrade and they charge 7 bucks so 14 for buy and sell. i am not making money on MT until it hits 36.97 which seems little far
 
Posted by glenngsxr on :
 
I use scottrade as well. I would not worry about MT raj. It will come up. Commodities are at the bottom of their cycle right now. Don't sell until that baby gets back to $42.
 
Posted by rajthebam on :
 
i have lots of water in my mouth as i read ur post. that would be great if i can get 42 oh la la....would be nice 5 large ones minus of course the ST cap gain uncle sam will take out
 
Posted by Free Muney on :
 
anyone know what happened with siri today?
 
Posted by glenngsxr on :
 
holy mother. market is crashing. Still gonna be patient here though. Just a correction is all this is. MT will come back, it always does. Just gonna have to wait this one out.
 
Posted by TraderJones on :
 
What the hell did you guys do?? What happened to the market??? wow!! I'm gone for just a little while and WOW!!
 
Posted by rajthebam on :
 
Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!Oh my god!!!
my MT is in 32 range
 
Posted by glenngsxr on :
 
Yeah, did you see the DOW down over 990 points at one point? That was nuts. It went from 300 down to 900 down in about 3 mins, I kid you not. I jumped out of MT with a nice 6% loss, but not nearly as bad as it could have been. I am thinking about sitting on the sidelines for awhile guys.
 
Posted by TraderJones on :
 
Wow Glenn, I actually missed it, I was out for a while. What does this mean?? Why did it drop like this??
 
Posted by glenngsxr on :
 
Severe panic selling. All my gains from the year are erased. The Europe debt situation is worriesome. Double dip recession?
 
Posted by TraderJones on :
 
I just checked the DOW chart, and your exactly right Glenn. It literally dropped 600 points in 3 minutes!! WOW!!
 
Posted by R1 Man on :
 
quote:
Originally posted by TraderJones:
What the hell did you guys do?? What happened to the market??? wow!! I'm gone for just a little while and WOW!!

First reason was Greece.

600 point drop is because of this:

City Group guy screwed up. They had a guy screw up and sell 16 BILLION of stock when they were really trying to sell 16 MILLION worth. There ya go...BUY BUY BUY!!!

My Jeep is sold $17,000. Time to get a RAM 1500. [Smile] Actually have a police auction Saturday where I hope to buy a YAMAJUNK R1 for CHEEP!!! Thinking I can buy it for under $4,000. Then sell it no problem for $5,000. Then Sunday I check out a RAM 1500 that I will likely buy. Maybe I should go put all this money in the bank and buy some SIRI/MT/??? Then cash out Monday and buy it all....???? [Confused]
 
Posted by glenngsxr on :
 
quote:
Originally posted by R1 Man:
quote:
Originally posted by TraderJones:
What the hell did you guys do?? What happened to the market??? wow!! I'm gone for just a little while and WOW!!

First reason was Greece.

600 point drop is because of this:

City Group guy screwed up. They had a guy screw up and sell 16 BILLION of stock when they were really trying to sell 16 MILLION worth. There ya go...BUY BUY BUY!!!

My Jeep is sold $17,000. Time to get a RAM 1500. [Smile] Actually have a police auction Saturday where I hope to buy a YAMAJUNK R1 for CHEEP!!! Thinking I can buy it for under $4,000. Then sell it no problem for $5,000. Then Sunday I check out a RAM 1500 that I will likely buy. Maybe I should go put all this money in the bank and buy some SIRI/MT/??? Then cash out Monday and buy it all....???? [Confused]

Oh R1MAN, why even get on the R1. Just make the jump up to a Suzuki already. You're killing me.
 
Posted by TraderJones on :
 
Hey Glen, whatup? I got up early to make sure we weren't going to see another crash freakshow. I put $$ into FNM yesterday, trying to make a quick gain.
 
Posted by glenngsxr on :
 
Well, I got out of MT yesterday cause I freaked out. Got back in this morning because I still like the stock and it's cheap. It was a wash for me overall. Ended up losing a little money, but I am already back up this morning. Not sure what's gonna happen today. I think we will be green though.
 
Posted by TraderJones on :
 
Well it always seems to me that MT follows the market quite a bit, so if the market is green, you will be too.
 
Posted by glenngsxr on :
 
Yeah, problem was I freaked out yesterday and didn't trade my plan. This time I am. I don't even have my trading platform up. I have a sell order in for $42.00 and I am leaving it until it hits.
 
Posted by TraderJones on :
 
Glenn-Sometimes that's the best way to go. I've found that, to an extent, micro-managing is what it is, it's micro-managing. Sometimes you just have to let it go. Especially when it's a solid stock. Like SIRI for example: When I bought it last month I bought it fairly high compared to that .78 low we saw. And at one point I was down about $1500. But they're solid, and I know the stock. After all was said and done, I made some good $bucks.
 
Posted by glenngsxr on :
 
market dropping big today again. when this correction is over, you guys better load up on as much stock as you can. everything will be on sale.
 
Posted by TraderJones on :
 
True dat Glenn
 
Posted by glenngsxr on :
 
Market roaring back to life. Sucker came from 200 down to green in about 10 mins. Looks like everyone is loading back up!
 
Posted by glenngsxr on :
 
well nevermind. went green for a bit and then slammed all the way back down to -180.00. I bet the VIX is going nuts!
 
Posted by TraderJones on :
 
I think we're going to see a little bit of a crazy-volatile market for a while.
 
Posted by glenngsxr on :
 
quote:
Originally posted by TraderJones:
I think we're going to see a little bit of a crazy-volatile market for a while.

Agree. Now.....how to trade it?
 
Posted by TraderJones on :
 
Very carefully Glenn. boing boing boing boing..............
 
Posted by glenngsxr on :
 
and back to green. whew! I'm getting dizzy!
 
Posted by TraderJones on :
 
holy cow way red now......oh wait sorry, false alarm going green....wait, wait......no.....going red.....yikes! With this volatility there is money to be made, just gotta be quick and smart about it.
 
Posted by TraderJones on :
 
I haven't actually heard if this trade glitch was confirmed, as far as someone within City group that entered billions instead of millions. What do you think he said afterwords??...."OOPS...Sorry, fat fingered it" That's a pretty hefty mistake.......and then the "machines" take over and the T-1000 is made and Arnold Schwartzeneger kills us all...maybe Ted Kaczynski was right. The machines will be out ultimate downfall....??
 
Posted by glenngsxr on :
 
I don't personally believe the 16 million billion mistake. You have to enter zero's on the number. You can't put an order down for "16 billion" shares. In addition, 16 billion is 8 TIMES the float for Proctor Gamble and nearly impossible I would imagine. Someone correct me if I am wrong.
 
Posted by TraderJones on :
 
Yeah, I don't quite believe it either. I too think it would be fairly impossible for something like that to go through the system without double and tripple checking, and even then I would assume there would be LOTS of red flags that would come up before a mistake like that COULD be made.
 
Posted by glenngsxr on :
 
RAJ,
hope you held on to your MT. I think you will be pleasantly surprised this morning. I am still not selling until it gets to $42 though.
 
Posted by rajthebam on :
 
i m in for ride also....
 
Posted by glenngsxr on :
 
Raj or TJ or whoever. Let me know what you think about this idea for today only. Thinking about getting out of MT, jumping into FAS because it moves faster, and then selling at HOD and back into MT. Whatcha think?
 
Posted by TraderJones on :
 
Glenn-I would say, I feel that at this point the market has a tendence to continue going up for at least another day or so. Jumping into FAS could be a good move.
 
Posted by glenngsxr on :
 
Well, I think the Greece thing scared a lot of investors. Now that they have a bailout package approved, that fear has been calmed. I think we will drive back up to DOW 11300 or so with no problem. I am pretty sure I will jump out of MT and into FAS at some point today.
 
Posted by glenngsxr on :
 
ok, out of MT at $36.84. Gonna wait for a good chance to get back into FAS. I hope I timed this right! Wish me luck.
 
Posted by glenngsxr on :
 
Into FAS at $31.20. Hoping to catch the 1230 runup.
 
Posted by glenngsxr on :
 
Well, didn't get much of a 1230 runup, but I still like FAS at these levels so I'm ok with it.
 
Posted by TraderJones on :
 
Your still probably in good shape, and I still say the market will go up tomorow too, we could see a good surge at EOD also.
 
Posted by glenngsxr on :
 
I hope so. Darn thing dropped quick.
 
Posted by rajthebam on :
 
coming back for u glenn....

TJ are u into anything? FNM still?
 
Posted by TraderJones on :
 
yeah raj, still in FNM. I put a GTC sell on it over the weekend at $1.18, just in case I missed something. Then got up late today, and missed that high of $1.14. If I saw that I would have sold it. I just actually bought a little more and put a sell back on it at $1.18.
 
Posted by glenngsxr on :
 
It sure did come back. Went for a run on my lunch hour and was pleasantly surprised at the comeback it made. Hopefully, tomorrow is an up day (I think it will be).

PS...Did Morph retire just before the last SIRI earnings? Morph, are you golfing right now?
 
Posted by TraderJones on :
 
Yeah Glenn, FAS did come up quite a bit in the last hour, nice! And yeah...where is Morph?? he's probably still cleaning his pants out after he saw SIRI plumit the other day. AND, where the heck is SJU???? OZZFEST isn't going on is it??...he would probably be there if it was.
 
Posted by glenngsxr on :
 
market plunging this morning. what the heck is going on around here?
 
Posted by glenngsxr on :
 
Has SIRI consolidated? Is this the new bottom for SIRI and consequently, a good place to load back up? Me think so.
 
Posted by glenngsxr on :
 
Bout to go green in a bit folks. Hold on for the ride.
 
Posted by TraderJones on :
 
quote:
Originally posted by glenngsxr:
Has SIRI consolidated? Is this the new bottom for SIRI and consequently, a good place to load back up? Me think so.

Yeah Glenn, I've had that thought in the back of my mind also. I think I'll wait a little while though.
 
Posted by sju1973 on :
 
quote:
Originally posted by TraderJones:
Yeah Glenn, FAS did come up quite a bit in the last hour, nice! And yeah...where is Morph?? he's probably still cleaning his pants out after he saw SIRI plumit the other day. AND, where the heck is SJU???? OZZFEST isn't going on is it??...he would probably be there if it was.

Hey TJ. I'm still here. Just have not posted for a while as I am still holding ATAC. It took a major hit last week so now I am holding for a hopeful rebound. I am still on the right side of the trade, but I did lose much of my gain.

Ozzfest is on dude! However, it will only be six dates this year. I will be going to the Camden, NJ show on August 22. Rock -n- Roll!
 
Posted by TraderJones on :
 
Hey bro, good to hear from you. Going to Ozzfest huh?? Way cool!
 
Posted by glenngsxr on :
 
I saw GREEEEEEEEEEEEEEEEEEN!!!!!
 
Posted by TraderJones on :
 
I was just going to say that Glenn....your back in the green!
 
Posted by glenngsxr on :
 
I have a margin call on my FAS because I loaded up. I have three days to meet the call. I think I will hold until my call is up and then sell out of FAS. Not sure what I will get into yet though. MT having a down day, maybe I will jump into that for a bit.
 
Posted by glenngsxr on :
 
We just exploded!!!!!!!!!! Woohoo!
 
Posted by rajthebam on :
 
man....MT is still hovering around 36.50 range - I wonder if this level will be its new 42 level....
 
Posted by glenngsxr on :
 
quote:
Originally posted by rajthebam:
man....MT is still hovering around 36.50 range - I wonder if this level will be its new 42 level....

tough to say. I say wait a few days and see what happens. When oil and the rest of the commodities come up, so shall MT.
 
Posted by glenngsxr on :
 
boy this is getting crazy. up, down, up , down.
 
Posted by glenngsxr on :
 
FAS opening up green. With all this volatility, I think I am going to sell at HOD and then flip into FAZ and sell again. Rinse and repeat.
 
Posted by rajthebam on :
 
what are your cost basis again on FAS? it should run up nicely fm here....
 
Posted by glenngsxr on :
 
I am in for 410 shares at $31.20. Not sure where to get out though so I have an itchy trigger finger with all this volatility lately. Should have pulled the trigger yesterday when she was at $32.35.
 
Posted by glenngsxr on :
 
Im going to follow the chart for yesterday and trade according to that for FAS/FAZ. Looks like the high was at my usual 1230 EST, which is where I will see and reverse to FAZ at.
 
Posted by rajthebam on :
 
nice
 
Posted by glenngsxr on :
 
ok gents, it looks like the 1230 run-up is starting. I will be looking to unload soon, hopefully over $32.00
 
Posted by glenngsxr on :
 
I think I will move over and play the DRN/DRV game instead. They seem to be moving a little better than FAS/FAZ.
 
Posted by sju1973 on :
 
Glenn, if you're into the ETF game take a look at EDC/EDZ as well. They follow the DOW pretty closely.
 
Posted by glenngsxr on :
 
Out of FAS at $31.90 and into DRV at $6.05. Hope this swings in the right direction for me.
 
Posted by glenngsxr on :
 
Well, it's not really moving much. I am thinking this market will continue up tomorrow so I may just get back out of DRV and into DRN if nothing happens by EOD.
 
Posted by glenngsxr on :
 
Didnt get the action I wanted out of DRV. sold it at market close. didnt buy anything though. let's see what tomorrow brings.
 
Posted by TraderJones on :
 
Might be a good choice Glenn, looks like the market could still push up a little more.
 
Posted by glenngsxr on :
 
Yeah, it looks that way. I will wait and see tomorrow.
 
Posted by rajthebam on :
 
whats up gents i guess we're opening a little down but should come back up around noon time - what do u think?
 
Posted by glenngsxr on :
 
Really not sure what it's going to do. Gonna wait awhile and see what looks tasty at that time.
 
Posted by glenngsxr on :
 
I have also noticed MSO is a swing trader. I think if you can pick it up in the low $6 range, you can swing it to $7 in no time.
 
Posted by glenngsxr on :
 
OK, into CSTR at $54.65. Looks good for the time being so what the heck.
 
Posted by glenngsxr on :
 
Should have held my DRV. Looking good right now, but man that thing was not looking good yesterday afternoon. Better safe than sorry.
 
Posted by glenngsxr on :
 
Well that didn't take long. CSTR took off right after I bought it. Up $500 already.
 
Posted by glenngsxr on :
 
Holy mother. Up over $1k just now. I think this was pure luck, but I will take it!
 
Posted by TraderJones on :
 
Awesome Glenn. I've been watching CSTR everyday, and they've been hitting a new high just about everyday. Shoulda listened to myself on that one, cause FNM looks like the slow boat to china. (CSTR)Although when they're shooting up like this they can be quite volitle, so be careful, take your money when it looks good and run.
 
Posted by glenngsxr on :
 
Out of there at $57.60. I love days like this. Now I need a place to go for a couple of days so my daytrades can settle. Back into FAS?
 
Posted by glenngsxr on :
 
not much going on. not sure what to get into so I will not play anything I guess. Any ideas for tomorrow?
 
Posted by TraderJones on :
 
Check out NFLX Glenn.
 
Posted by TraderJones on :
 
Or maybe CROX
 
Posted by glenngsxr on :
 
How do yo guys feel about going long DRN or FAS at this point? Play an up market in the morning?
 
Posted by glenngsxr on :
 
Got into FAS right at market close at $53.62. Playing for a reverse tomorrow since there was no real reason the market sold off today. Wish me luck.
 
Posted by rajthebam on :
 
you meant 33.62?
 
Posted by glenngsxr on :
 
whoops, meant DRN. Either way, getting my a$$ kicked right now.
 
Posted by glenngsxr on :
 
Well this certainly sucks. I almost had a perfect week of trading. Didn't lose a dime until today. Guess I will just have to hold DRN for a bit.
 
Posted by rajthebam on :
 
I am looking at EDC or DRN to get in at good entry point - may be write a covered call to get some premium in my ira account
 
Posted by rajthebam on :
 
MT is kicking my ass too
 
Posted by rajthebam on :
 
in EDC at 26
 
Posted by glenngsxr on :
 
Too early Raj. Should have waited until the market peaked for the day. It will probably go down in the next hour or so even further.
 
Posted by rajthebam on :
 
and u r right it did....should have listened to you but its in IRA so not looking to daytrade this one...just may be writing a covered call when it moves back up i guess
 
Posted by glenngsxr on :
 
ahh, that should work out in the long run. We are getting slammed everywhere today. I think by 1230, the DOW will be down over 230 points.
 
Posted by glenngsxr on :
 
quote:
Originally posted by glenngsxr:
ahh, that should work out in the long run. We are getting slammed everywhere today. I think by 1230, the DOW will be down over 230 points.

And there it was. I am gonna change my strategy to more of a short term one. I am not gonna hold overnight for the most part any longer. Gonna play this 1230 HOD/LOD strategy. When it hits, I change direction.
 
Posted by glenngsxr on :
 
Well this certainly sucks. My DRN still testing its low of the day. Taking a 12% loss in one day hurts. Not selling yet so I guess I am not taking a loss, but jeez this is weak.
 
Posted by glenngsxr on :
 
Anybody ready to get your heads pounded in again today?
 
Posted by glenngsxr on :
 
well hell, doing pretty good thus far. Still have a ways to go on my DRN, but made half my losses back so far so I should sleep a little better tonight.
 
Posted by TraderJones on :
 
Hey Glenn-I think I'm ready to make some damn money!
 
Posted by glenngsxr on :
 
guys, I am getting nervous. This market is not very strong right now. Do I sell my DRN or not?
 
Posted by glenngsxr on :
 
Gents,
I sold my DRV for a lovely 12% loss. This market is plain crazy right now. I am out for awhile. I withdrew my money. Been fun trading with you guys and I will be back again soon.
 
Posted by glenngsxr on :
 
quote:
Originally posted by glenngsxr:
Gents,
I sold my DRV for a lovely 12% loss. This market is plain crazy right now. I am out for awhile. I withdrew my money. Been fun trading with you guys and I will be back again soon.

nevermind. I had a weak moment. I will be around for a bit longer.
 
Posted by glenngsxr on :
 
Into NFLX at $102.75.
 
Posted by TraderJones on :
 
yeah, glenn's back
 
Posted by glenngsxr on :
 
still not very confident, but my wife told me to hang in there and quit freaking out.
 
Posted by TraderJones on :
 
Kind of wondering if YRCW is going to jump back up, they're looking really low...?
 
Posted by sju1973 on :
 
quote:
Originally posted by TraderJones:
Kind of wondering if YRCW is going to jump back up, they're looking really low...?

YRCW is planning a reverse split. Not sure when it is going to happen, but I think it's soon.
 
Posted by TraderJones on :
 
SJU-So I wonder what that's going to do to the actual value...probably send it all over the place. I think I might wait on that.
 
Posted by glenngsxr on :
 
Well, the RS is a disaster for someone like YRCW. SIRI has good financials to back their once upon a time RS. YRCW looks like garbage comparatively. This is a last ditch effort to stay listed for them. It will not be looked upon as a great move from investors.
 
Posted by TraderJones on :
 
Yeah glenn, YRCW surely doesn't look good.
 
Posted by sju1973 on :
 
Yeah, It seems in most cases that I have seen there is usually a sell off following the RS. Then once the dust settles it may stabilize. Who knows, maybe the RS won't happen, but from what I have read it looks like it will. We'll see. I think it's probably best to stay away for the moment.
 
Posted by glenngsxr on :
 
Well my NFLX made a nice jump for me. I am gonna play my strategy and not hold this overnight. Buy at HOD and sell after it chills out a bit. That's the plan for me.
 
Posted by glenngsxr on :
 
Got out of NFLX with a nice $600 gain today. Gonna try to do this again tomorrow.
 
Posted by glenngsxr on :
 
You guys will never believe what happened. When I sold my NFLX yesterday it sold off in chunks. I only put in one order to sell all the shares and since it sold off in chunks, I got a daytrader restriction put back on. I am effin pissed. Called the branch and asked them to bypass it, but it fell on deaf ears.

Do you guys know if the restriction is tied to the person or can I change brokerages and make this go away?
 
Posted by rajthebam on :
 
i have no clue on this one Glenn...sorry.
 
Posted by TraderJones on :
 
That just shouldn't have happened Glenn. I've had things sell off in chunks like that before....pretty much your same situation, and I didn't get restricted...LAME! I don't think the restriction will follow you if you switch...but not positive.
 
Posted by glenngsxr on :
 
I am pretty much done with Scottrade. They have been pretty good, especially in customer service. However, their system needs some work. Sometimes I get a warning before my 4th trade and sometimes it proceeds like normal. Sometimes it recognizes partial fills as separate trades and sometimes not. Me thinks time to switch.

Do you guys trade with margin at all?
 
Posted by TraderJones on :
 
Yeah I trade with margin sometimes
 
Posted by sju1973 on :
 
I always trade on margin. Just about every trade.
 
Posted by rajthebam on :
 
ya i have margin
 
Posted by R1 Man on :
 
RS is BAD!!! Enough said...

TDAmeritrade lets me know each day trade. I use margin as well but Margin will kick your ass when you lose or get that Margin Call.

I have been absent for some time now...hard to believe how cheap AKS...MT is. WOW...AKS is the biggest bargin in my opinion.

I have been car shopping for a few weeks now...sucks. You all should check out this site with the exception of Morpheus...he drives New Mercedes... [Wink]

www.copart.com

I watched them sell a 07 Dodge Charger R/T Daytona edition with 25,000 miles for $7,900 in Detroit. I tried to bid but had to reload the page. You can get some cheap cars/motorcycles/4 wheelers/boats/etc. I only go after Clean Titles that have the Run and Drive logo. Might be easier flipping cars then stocks... [Wink] Anyways, PM if interested.

GNBT looks like it might run Wednesday...keep a eye on it.
 
Posted by glenngsxr on :
 
Hey R1 man, I have my dealers license so I can go to the dealer auctions. Do you have to have a dealers license for copart.com?
 
Posted by glenngsxr on :
 
Gents, I would be loading up on some FAZ and DRV. This market is going down. Housing sucks again since the credit expired, the Euro is worthless, our national debt has exploded, retail is weak, etc. A lot of reasons to feel negative about this economy.
 
Posted by glenngsxr on :
 
I hope you guys listened to me when DRV was at $7.10 this morning.
 
Posted by rajthebam on :
 
I can't do much until i get out of MT
sucks not having enough money to play with...
 
Posted by TraderJones on :
 
Where are you at in MT Raj??
 
Posted by rajthebam on :
 
man i hate to admit but i m in at 36.80
 
Posted by glenngsxr on :
 
Don't feel too bad Raj. I took a huge loss on that too. I am thinking about making the switch to TDAmeritrade. Do any of your guys use it? Do they have a good trading platform? I love my scottrader.
 
Posted by TraderJones on :
 
I have TD Ameritrade Glenn. It will probably take a while for you to get used to it compared to what your using now but, they do have a good trading platform and lots of different "tools" to use. Honestly, I haven't had any weird problems with it or them. And if you switch and use me as a reference, I get a bunch-o free trades. [Smile]
 
Posted by glenngsxr on :
 
I requested a check from my scottrade. I am done with them. Key things I want. An easy to use trading platform, low fees, and access to charts. I don't need Level II or anything like that, just a simple chart on the fly.
 
Posted by TraderJones on :
 
R1 also uses TD, we could both (if he's around) walk you through it to get you set up.
 
Posted by glenngsxr on :
 
I requested a check from my scottrade. I am done with them. Key things I want. An easy to use trading platform, low fees, and access to charts. I don't need Level II or anything like that, just a simple chart on the fly. Any suggestions?
 
Posted by glenngsxr on :
 
TJ, PM with you info if you want to get some free trades. I will let them know when I set it up today.
 
Posted by TraderJones on :
 
The level II chart is actually quite helpful, it shows where the buying and selling is headed, where it's leaning towards. It has helped me quite a bit as far as knowing when to buy and when to sell. you can spot weekness and strength with what's going on too. As far as the fees are...$9.99 per trade, nothing else. I've heard of others charging less but then they tack on fees when you buy more than a certain number of shares and other things too.
 
Posted by glenngsxr on :
 
I am furious right now. I was going to hop into DRV yesterday afternoon, but could not because of this daytrader bullcrap. I would have been up over $2k right now. Effin *******s.
 
Posted by R1 Man on :
 
quote:
Originally posted by glenngsxr:
I requested a check from my scottrade. I am done with them. Key things I want. An easy to use trading platform, low fees, and access to charts. I don't need Level II or anything like that, just a simple chart on the fly. Any suggestions?

Just do TD...let TJ refer you so you both get a kick back. I cashed out for now so I can pay cash for a car. So, how much a year does it cost you for your dealer's license? I use a broker for copart.
 
Posted by TraderJones on :
 
R1-I sent a referal to Glenn. I should get 5 free trades.
 
Posted by rajthebam on :
 
any one familiar with Scottrade velocity research dialong on their scottrade elite?
 
Posted by glenngsxr on :
 
quote:
Originally posted by R1 Man:
quote:
Originally posted by glenngsxr:
I requested a check from my scottrade. I am done with them. Key things I want. An easy to use trading platform, low fees, and access to charts. I don't need Level II or anything like that, just a simple chart on the fly. Any suggestions?

Just do TD...let TJ refer you so you both get a kick back. I cashed out for now so I can pay cash for a car. So, how much a year does it cost you for your dealer's license? I use a broker for copart.
Costs me about $600 a year by the time it's all said and done. I do about 1-2 cars a month, mainly just by having inventory, but I also like to do broker deals as well. If you guys ever need a vehicle, I would be willing to help you out. Save you tons of money that you could be trading with instead.
 
Posted by rajthebam on :
 
glenn - I will be looking for a car late this yr early next yr - SUV
 
Posted by sju1973 on :
 
I am also looking for a car, but I live in PA.
 
Posted by glenngsxr on :
 
Raj and SJU. That's not an issue. I have shipped cars to folks many times before. I have done a few deals where I never even talked to the customer. Did the entire process online. Like I said I would love to help you guys out. I have no boss and I do this for fun so I am not worried about making a certain amount of money per car. I could get you guys a smokin deal.
 
Posted by glenngsxr on :
 
Please tell me at least one of you guys got into DRV or FAZ....
 
Posted by glenngsxr on :
 
TJ,
signed up for my TD account today. Will fund it when my scottrade check is in next week sometime. You should have your free trades at that time I think.

Initially, the screen is a lot busier that scottrade which is kind of a downfall, but oh well. Just have to get used to it.

DRV!!!!!!!!!!!!!!!
 
Posted by TraderJones on :
 
Cool Glenn. Are you using the Command Center 2.0 platform?
 
Posted by R1 Man on :
 
Wow...So why the drop today? How low will she go? Guess if I had a car, I would drive to the bank and drop off this $$$ and transfer that to TD and get some of these bargin deals all over. Buy a car...Bum rides....buy a car...make money...I can't do either I guess...no ride to the bank and next auction is Tuesday.

Show you 2 that I am after:

http://www.copart.com/c2/individualLot.html?lotId=10744190&searchType=onSaleNow

http://www.copart.com/c2/individualLot.html?lotId=14154280&searchType=onSaleNow
 
Posted by TraderJones on :
 
Which one are you leaning towards R1?
 
Posted by R1 Man on :
 
2005 Dodge Ram 2500. Remember, I made that truck. The other ones I picked out will cause me to park in the Competitor parking which means 1/6 mile extra on top of my 1/3 mile walk to my job.
 
Posted by TraderJones on :
 
haha...they actually have a competitor parking lot?? funny. Pretty cool that you were a part of building that truck though. What do you think you could get it for?
 
Posted by R1 Man on :
 
$8,500-9,500ish. Booked at $13,000 Fair Trade in....$17,150 Good Private Party. You never know though...Tuesday they sold a 2007 Dodge Charger R/T Hemi Daytona with $25,000 Miles for $7,900. That is a $13-16k car.
 
Posted by glenngsxr on :
 
quote:
Originally posted by TraderJones:
Cool Glenn. Are you using the Command Center 2.0 platform?

Yes, still getting used to it. There is just so much going on on the screen.

R1, let us know how much you ended up snagging that for. I would pass on the Avalanche, especially with a rebuild title.
 
Posted by TraderJones on :
 
Glenn-It took me a while to get used to it also. Yet I added even more information to it. But now that I've used it for quite a while now, it's quite easy to understand. Click on Last Sale towards the top of your screen. you will have another pop-up window where you can type in a stocks symbol. you can see the actuall buying and selling to the second there. I use that in conjunction with "Stratagy Desk" (I'd highly recomend downloading that)
 
Posted by TraderJones on :
 
Also the Command Center 2.0 "STANDARD" is a little easier to use and understand, rather than Classic, Investor, Trader or the Pattern Matcher screens.
 
Posted by glenngsxr on :
 
Perfect TJ, that last sale box is exactly what I have been looking for. Scottrade had a quick quote that was a small box I could stick in the corner of my screen and watch. It was sweet.
 
Posted by R1 Man on :
 
I agree with the Avalanche...I'm after Run and Drive with Clean Titles, but I watched a few rebuilt title'd cars sell for big money in the public auction. But rule of thumb is $0.50 on the $1.00. But that Avalanche is gonna bring some big bucks and its hard to unload when your talking about $20k selling point.
 
Posted by TraderJones on :
 
Way cool R1! I think I would pass on that Avalanche also.
 
Posted by glenngsxr on :
 
People run away from rebuilt titles when it comes time to sell it.
 
Posted by TraderJones on :
 
I've also fliped a few cars too. I bought a "totaled" car years ago that I repaired (actually wasn't a lot of damage) but then I had a rebuilt title with it. I sold it to a girl, she was happy with it, but, days later she realized it had a rebuilt title and insisted that I gave har money back.
 
Posted by R1 Man on :
 
Deal is a deal. You obviously gave her the title that stated REBUILT TITLE
 
Posted by TraderJones on :
 
yeah a deal is a deal, but I did the nice guy thing and gave her money back. I called some other people that wanted it and explained the situation, they bought it the next day.
 
Posted by glenngsxr on :
 
Here is your 1230 high/low of the day. I am about ready to go bomb the scottrade office.
 
Posted by TraderJones on :
 
So, when the hell are things gonna bounce?? Still stuck in FNM-land here.
 
Posted by sju1973 on :
 
Yeah, this definately sucks TJ. I am hoping for a bounce soon. I'm still holding ATAC. I am also still on the right side of the trade fortunately. I'm holding it because I know it's a good blue chip stock that should head north when this slide ends. I don't feel safe trading anything right now, so I am just holding my investment for the time being. However, you never know these days, nothing seems secure.
 
Posted by glenngsxr on :
 
Gents, this is not gonna bounce for awhile. This market is scared again. The Euro sucks and the US data is pointing downhill again. Try to think of things in terms of uncertainty. Investors don't like it and will sell off when things are uncertain. I still say go short for awhile.
 
Posted by rajthebam on :
 
whats in store for us today?
 
Posted by glenngsxr on :
 
down again. I think we are going to still see a rapid decline down. It's not going to bounce around, it's going to stay in a steady downward spiral. When it hits bottom, I believe it will climb again. I still have no funds ready from scottrade. :-(
 
Posted by rajthebam on :
 
crazy this market
 
Posted by TraderJones on :
 
Well, at least I see some green on my screen today, instead of non-stop RED.
 
Posted by glenngsxr on :
 
yeah, green today, but I still don't see this downward pattern slowing down just yet. Who knows, I have definitely been wrong before.
 
Posted by TraderJones on :
 
Yeah Glenn, I'm not too hopeful just yet either. I figured we would see some green at some point after that big drop yesterday but, it could easily be down Monday or even reverse today....we will see.
 
Posted by TraderJones on :
 
can you believe FAZ almost 18 bucks???
 
Posted by glenngsxr on :
 
quote:
Originally posted by TraderJones:
can you believe FAZ almost 18 bucks???

Yeah, this makes me sick. Seems like yesterday when I was stuck in FAZland and we were discussing how it might go down below $10.
 
Posted by TraderJones on :
 
quote:
Originally posted by glenngsxr:
quote:
Originally posted by TraderJones:
can you believe FAZ almost 18 bucks???

Yeah, this makes me sick. Seems like yesterday when I was stuck in FAZland and we were discussing how it might go down below $10.
yeah, I bought it around 17 and bailed on it around 15.50, thinking it was just never gonna come back up, and the range would be so low that I would never recover.
 
Posted by glenngsxr on :
 
I still don't think there is enough gas in the tank to keep this market green. We will end the day red, guaranteed!!!
 
Posted by TraderJones on :
 
i'm saying GREEN Glenn.
 
Posted by glenngsxr on :
 
TJ, that baby reversed quick. Went from down 15 to up 60 green in about 3 minutes.
 
Posted by TraderJones on :
 
Yeah it did!! Freaky huh?? Now almost 80 up
 
Posted by glenngsxr on :
 
wow, 100 up. Weird market eh?
 
Posted by glenngsxr on :
 
dang! 120 up! I think Monday will be a crucial day. If we are solidly green Monday then I think the correction has slowed and it might be time to go long. If we are solidly red, then this correction is not over.
 
Posted by TraderJones on :
 
That's exactly what I was thinking Glenn! later till monday fellas!
 
Posted by sju1973 on :
 
COIN was looking good below .80 today.
 
Posted by TraderJones on :
 
I saw that too Sju. I figured it was gonna bounce around that .80 mark. Could be a good buy, yet there's a lot that looks good. Although very unsure about the market......proceed with caution.
 
Posted by glenngsxr on :
 
Well, the DOW is down, but everything else is about even. Not sure if today will end up green or red. Wait until the market decided direction and then play guys. I am still waiting on funds to transfer.
 
Posted by rajthebam on :
 
still stuck in MT land
 
Posted by glenngsxr on :
 
quote:
Originally posted by rajthebam:
still stuck in MT land

Bummer. I lost a bunch on that thing too. It will come back. Remember when I was stuck in FAZland? Look at that dang thing last week, up to $17 something.
 
Posted by rajthebam on :
 
i know glenn. I had sold options on FAZ thinking it would never be exercised and checked this morning - the order got executed and my FAZ is not with me anymore - I didnt loose money on that one at least. I am thinking if i should do the same on MT and sell 37 call options for may be Sept 2010 which will give me at least 1.25 per share back reducing my cost basis. thoughts?
 
Posted by glenngsxr on :
 
Raj,
forgive me, but I do not know a great deal about options. So that means you have the right to sell MT at $37 in September, correct? What is the difference between a call and a put?
 
Posted by TraderJones on :
 
YRCW .33=POS
 
Posted by rajthebam on :
 
i am also stuck in YRCW at around 0.64 aaarrrgghhh.....should i sell and take a hit?

i don't do put options at all but i wish i knew abt them a little more...i only write covered calls meaning i own at least 100 stocks of particular stock and selling call option gives someone else a right to buy the 100 stocks (which is 1 contract) at particular price - in esence, i could buy lets VZ at 29 dollars a stock and sell $30 option for June option expiration giving option buyer the right to purchase stock fm me at 30 dollars even though the stock price may be higher than 30....hope this helps. The option buyer gives me premium for this right to buy at 30 dollars decreasing my cost basis for example getting $1 per stock premium would decrease my cost basis to $28 dollars - if at expiration stock price is below 30, option goes worthless and now I own VZ 100 stocks at 28 dollars since the premium received lowered my cost basis
 
Posted by TraderJones on :
 
Not sure what to tell you on YRCW there Raj. If they do a Reverse split it could send the price all over the place and you might be able to grab a better sell point....MIGHT, Yet, at the same time if you don't have a lot in it, it could be good to hold for a while to see if that price does come up. But also if you don't have a lot in it you might not be loosing a lot too.....just some options there for you.
 
Posted by glenngsxr on :
 
quote:
Originally posted by TraderJones:
YRCW .33=POS

This truly is a POS and I would not hold this long term Raj. Their financials are garbage.
 
Posted by glenngsxr on :
 
Money still tied up. I wish I was in this market. I would be short all the way for quite awhile.
 
Posted by sju1973 on :
 
Wow dudes. This market is getting ugly.
 
Posted by glenngsxr on :
 
Sju, we are in for a huge downturn, IMO. I'm talking DOW 9000 or below. There is no more good news to keep this economy afloat. It's all cooling off again. SHORT SHORT SHORT. FAZ and DRV for awhile.
 
Posted by sju1973 on :
 
I think you might be right Glenn. It definately looks scary.
 
Posted by glenngsxr on :
 
Please tell me you guys are not in YRCW anymore?
 
Posted by sju1973 on :
 
I'm only holding ATAC at the moment.
 
Posted by rajthebam on :
 
i still am in yrcw my speculative play
should i sell tomorrow morn first thing? hmmmmmm?
 
Posted by glenngsxr on :
 
Not sure about YRCW at this point. It has taken a beating from the market in addition to being a POS. See what it does today.
 
Posted by glenngsxr on :
 
Today was my confirmation that this bear market is not over with. We have a little ways to go. Short all the way guys.
 
Posted by glenngsxr on :
 
anybody alive? Nice green market today. I am not gonna out any money into the market right now until it hits what I think it bottom in this cycle. I am doing well with my car inventory so I won't be trading. However, I will be in here everyday like usual because I love the stock market too much to step away. What are you guys trading today?
 
Posted by sju1973 on :
 
Just holding ATAC here. Finally in the green again overall.
 
Posted by TraderJones on :
 
Still in FNM here Glenn. I have a little more money to trade with. Yesterday I had to be gone most of the day, yet I was thinking I should put a low buy on SIRI at about .89, went down to .88, and jumped right back up. shoulda coulda. I'd like to put that money somewhere instead of just spectating like I've been doing lately.
 
Posted by sju1973 on :
 
I wish I would have had some funds for SIRI also TJ. Up 15%, that would have been nice.
 
Posted by TraderJones on :
 
Hey Raj, your MT is looking a lot better.
 
Posted by glenngsxr on :
 
good day on the markets. Is it a good day to reverse and go short for tomorrow?
 
Posted by TraderJones on :
 
Possibility Glenn....I kind of think it will stay somewhat stable.
 
Posted by rajthebam on :
 
MT is down again....damn....i have 3 free trades to burn before Nov 2010 hopefully i will take full use of that
 
Posted by TraderJones on :
 
Well guys what's up today?? How was your weekend? The market is green and looks to be stable, I wonder if were going to start to bounce up.
 
Posted by glenngsxr on :
 
Weekend was excellent. Went to Utah to watch some World Superbike. Man those guys are fast. I am really on the fence. It looks like there is some stabilization happening. I think I would be accumulating a lot of things right now for a long position.
 
Posted by AJGrano on :
 
Hey guys, been awhile...crazy market we got going on here. I was wondering what your thoughts are on a few stocks. I've been looking at Chesapeake:CHK (nat gas play) for awhile now....took a little beating for the last few months and had been sluggish up until about a week ago when I saw it around 20 and change. Also I'm curious on Thompson Creek:TC.
 
Posted by sju1973 on :
 
quote:
Originally posted by AJGrano:
Hey guys, been awhile...crazy market we got going on here. I was wondering what your thoughts are on a few stocks. I've been looking at Chesapeake:CHK (nat gas play) for awhile now....took a little beating for the last few months and had been sluggish up until about a week ago when I saw it around 20 and change. Also I'm curious on Thompson Creek:TC.

Both of these picks look pretty strong fundamentally to me. I think I like TC a tad bit more. I tend to like stocks with a lower float or outstanding shares. Also, more big money buying TC right now than CHK. But both picks look promising. Both balance sheets look pretty nice.
 
Posted by TraderJones on :
 
I think I would lean towards TC also. Looks like it could bounce up to about $12 or so.
 
Posted by Happy Valley on :
 
AKS bleeding today $14.31 rtq...Picking up a few June calls for a trade...
 
Posted by rajthebam on :
 
in BP at 37.50
 
Posted by Happy Valley on :
 
In CIEN June $16 calls .46ish...
 
Posted by rajthebam on :
 
whoa 350 plus points down...
 
Posted by glenngsxr on :
 
OK gents, I have not been trading, but still watching closely. Here is what I am feeling for awhile. I think this oil disaster will be a major wakeup call that we need to get off oil and on to other energy sources. I think the government will try to give this a shot in the am by pumping money into alternative energy. I think oil will get expensive from here as well. I am long USO, OIH, JASO, FSLR for a very long time.
 
Posted by AJGrano on :
 
quote:
Originally posted by Happy Valley:
In CIEN June $16 calls .46ish...

I liked that move and was thinking about doing the same two days ago when it was 13.80ish. Nice play
 
Posted by TraderJones on :
 
Hey guys what's up?? I tried to short something the other day and it wasn't going my way so I got out yesterday...lost just a little. I think the stock symbol was POS!! Way low volume, foot dragging, pile of crap!! Anyway, I'm still in FNM hoping for a bounce SOMEDAY, and otherwise I've been gone most of the week doing another temporary job, which might run into next week. Then I'll be back to do some real trading. I should be around in the mornings a little here and there till then. Rock-on guys, let's do some damage here! [Big Grin]
 
Posted by TraderJones on :
 
well I saw SIRI drop to .94 the other day, shoulda jumped in. 1.05 today. Although not sure what they are going to do in the long run. Their earnings report wasn't great last time around, and they're just not showing the same strength...that's the way I see it anyway. But they could suprise me.....we will see what happens there.
 
Posted by TraderJones on :
 
FRE/FNM are going to be delisted. I'm currently loosing a huge chunk of money. Is this going to bounce from .50?? Any advice here would be helpful!!!
 
Posted by TraderJones on :
 
SON OF A BIATCHHHHHHHHHHHHHH!!!!!!!!!!
 
Posted by sju1973 on :
 
Wow. Not good TJ. Looks like they will trade on an OTC board after July 8. My guess is they will continue to fall. You might have to take the hit and get out. However, I do not have a lot of experience in this area so I am not completely sure. But it doesn't look good from what I can see. Good luck man. I hate when crap like that happens. I was caught in a BK once, so I definately know the feeling.
 
Posted by TraderJones on :
 
I got out Sju. I lost a huge chunk of money. All I can see is disaster from here on out. In my opinion it could just get worse. SH^T!!!! So much that I've worked for the past 6 months or more was just wiped out.
 
Posted by sju1973 on :
 
It's a tough game man. Hopefully, you can hit a few good trades and rebound. I have been looking mostly at fundamentally strong companies with nice balance sheets, lower O/S, and an appealing chart. Less risk that way. and if I can just get better at my exit timing, I would be doing pretty well too. I try to avoid the lotto plays, although they are sometimes tempting. I do sometimes take a few risks with them, but not too often.
 
Posted by rajthebam on :
 
TJ - thats a tough one to take. i know the feeling too...i am in YRCW and losing almost 50% of what i put in so i know the feeling.
 
Posted by TraderJones on :
 
Well guys, time to find a way for me to rebuild. I'm not down and out just yet. Although this is a huge blow to my TD account, and it's taken me quite a while to build it up the way I did. Not quite sure what to do next. Yet, I'm happy to see FNM down today just to back up my decision to bail on it as fast as I could yesterday. I'd be loosing even more now. We'll see what happens I guess.
 
Posted by sju1973 on :
 
Good to see you're standing tall TJ. You will rebound. This is a brutal market right now. Too put it bluntly, It F'n sucks! Good luck to us all!
 
Posted by TraderJones on :
 
Well luckily I've got money to live on, otherwise I'd be panicing about now. And on top of that, for the past 4-6 months I have been building/gaining back quite steadily. So, I feel that I do have the knowledge to actually rebuild. Though that's not to say that I'm cool as a cucumber. I've been swearing like a sailor just about non-stop......either way, there's got to be a way for me to get this loss back. I have to! That's all there is to that.
And also, I think it's kind of weird that FNM/FRE out of the blue announced this news yesterday. I know they haven't been doing well, but still, overall I just haven't heard any news like this pertaining to them. I say.."CONSPIRACY"!!! Next thing they will they will not be going to the OTC and their stocks will shoot through the roof.....and then they will say they are, then not etc......up, down, up, down....
 
Posted by TraderJones on :
 
What do you guys think about SIRI these days? They sure haven't shown much strength lately. Wondering if they're going to do much when the next earnings comes around.
 
Posted by rajthebam on :
 
well its pretty quite these days here.....where are you guys ..... TJ R1 Morph Glenny SJU anyone?
 
Posted by sju1973 on :
 
I'm still hangin Raj. I have been here, but without much to say really. I am still holding ATAC. I haven't really been trading otherwise, just sitting on the sideline waiting. There's not to much going on in the market lately. I hope we see some movement soon man.
 
Posted by TraderJones on :
 
Still here too Raj. Wondering if Morph fell off a cliff. Not in anything yet. Although I am looking into a few things and keeping a close watch on a few here and there. Kind of wondering if YRCW is going to hit a hidious rock bottom price and make a big one or two day bounce. Although I don't think it's going to help you too much Raj, if your still in it. I'm also looking into loading a few more tools to assist in my trading.
I see CSTR dipping fairly low, starting to look good for a buy...as far as the charts go. Also, here's a stock that has some pretty tremendous days: IFLG--You will have to look at their chart. To me It's a gambling stock. In other words you gotta know what your doing to make money. And DON'T hold this baby over night. BUT, when this thing is going up big, as it does every few weeks or so, jump in and jump out. There is money there, just gotta be quick about it.
LCC and UAUA still look solid, they might still have room to grow too. Still wondering what SIRI is going to do also. It gives me the feeling they're kind of topped out for a while. Not sure what to think there.
 
Posted by glenngsxr on :
 
Still here guys. Watching, but not in the market right now. I just bought a foreclosure and my money will be tied up for awhile I imagine. Gonna be very busy gettin this baby fixed on up.

TJ, Don't be fooled by the lack of action within SIRI. They are still holding their own, just getting beaten down by the market right now. It's still a fantastic hold for some time to come.
 
Posted by TraderJones on :
 
Thanks for your thoughts on SIRI Glenn. Good to know your still around too.
 
Posted by TraderJones on :
 
I suppose if Morpheus was around he also could give me a little insight on SIRI......Maybe his monkey has been bad and he had to spank it...??
 
Posted by AJGrano on :
 
I'm about to pull the trigger on BIDU $70 July 17 calls. Gonna wait a little bit later and watch how far down the market will fall and hope to get them cheaper or ATLEAST see where its moving. I know this market is looking pretty scary but is there any possibility we have a decent Friday with the big sell off on Tuesday? I still feel BIDU is bullish enough of a stock to make the 70 calls attractive.
 
Posted by AJGrano on :
 
Purchased $2 calls with a strike price of $70 for bidu earlier
 
Posted by AJGrano on :
 
I'm about to pull the trigger on BIDU $70 July 17 calls. Gonna wait a little bit later and watch how far down the market will fall and hope to get them cheaper or ATLEAST see where its moving. I know this market is looking pretty scary but is there any possibility we have a decent Friday with the big sell off on Tuesday? I still feel BIDU is bullish enough of a stock to make the 70 calls attractive.
 
Posted by TraderJones on :
 
Bought some SIRI a few days ago. I'm in the green right now, not sure how long I'm gonna hold it.
I'm trying to figure out options a little more too. It's been explained to me several times now, still don't fully get a grasp on it. although I think there is a lot of good potential there.
 
Posted by TraderJones on :
 
I also wonder if we're going to see a green Friday...? Kind of wondering if the market has bottomed out and is going to start it's way back up again or if it's just gonna tank. I have a friend of mine that has studied and traded in the market for many years now. He keeps saying we're still going to see the market take a HUGE dump, and he's betting on it. I think he has lots of options on FAZ, EDZ...etc.
 
Posted by TraderJones on :
 
HEY,,,,,what do ya know the market looks like it just might go green!
 
Posted by TraderJones on :
 
Or.........maybe not
 
Posted by AJGrano on :
 
I hope my BIDU works out...I'm thinking about dumping a lot into FAZ in the beginning of the week.
 
Posted by TraderJones on :
 
YIPPIE!! SIRI is up! moved from neutral to BUY!!
 
Posted by TraderJones on :
 
LOTS of good news for SIRI.....Subscriber base grew 6% , revenues are up, ALL IS UP!
 
Posted by TraderJones on :
 
YRCW down to .10....WOW! Sorry Raj, I really hope you bailed on this quite a while ago.
 
Posted by AJGrano on :
 
Wondering what your thoughts on a FAZ entry point of around $17? Thinking the bears will come back out later in the week...
 
Posted by TraderJones on :
 
Sometimes I think you really gotta know the market quite well AJ. FAS AND FAZ can be so stinkin volitle, they can be somewhat of a gamble. I've made money on them before, but it was usually on a one day kind of thing or when the market was more stable. And God knows I've lost on them before too. Overall I don't think the market is very stable....one day it's up 150 next day it's down 250 and tanking. That's my best advice, just be careful bro.
 
Posted by AJGrano on :
 
yeah I feel ya on that. I'm hesitant to enter but I feel that 17 is a decent entry point. When all is said and done all it really is is a gamble, but I'm wondering if the market has a little set back later in the day or tomorrow with out yesterday turned out. I'm starting to get nervous about my BIDU...my break-even point is 72 even, kinda wish I bought another option yesterday when they were around 1.65 for the $70 strike price
 
Posted by AJGrano on :
 
yeah I feel ya on that. I'm hesitant to enter but I feel that 17 is a decent entry point. When all is said and done all it really is is a gamble, but I'm wondering if the market has a little set back later in the day or tomorrow with out yesterday turned out. I'm starting to get nervous about my BIDU...my break-even point is 72 even, kinda wish I bought another option yesterday when they were around 1.65 for the $70 strike price
 
Posted by TraderJones on :
 
Well AJ, I hope you didn't get into FAZ at 17. The market sure took a turn up didn't it?? I've had the feeling lately that it has bottomed out and it might just start to swing up. Although just as I say that watch it tank tomorow. we will see I guess.
 
Posted by AJGrano on :
 
Nope I didn't get into it, thank god. My BIDU looks good right now tho, hoping they get atleast to the 76 mark before the 17th. REALLY REALLY wish I had bought atleast another 1 or 2 calls with a 1.65 premium yesterday. Just wondering if I want to hold next week though. A lot of people I talk to are still very bearish. I personally think a lot of stocks are oversold right now. I'm thinking about shorting RIMM maybe? I don't see that being more than a $25-30 stock within 6 months. Been watching CIEN, CHK, VG, VOD, TC, FCX, MMM. Not necessarily as swing trades but atleast looking for a few bottoms or a long position.
 
Posted by TraderJones on :
 
Well that's good you didn't get into FAZ. I just sold my SIRI at $1.01, made about $400, so I'm happy about that. I'm going to try to catch it again when/if it dips back down and may ride it till earnings, which I believe is 8-8. Although SIRI might just keep riding up, not quite sure. It was just nice to finally make a good trade and some cash to get moving again.

Yeah I've felt that a lot of stocks are oversold right now also. Like F for example. If the market stays stable I could see them at $18. I've been watching CIEN also, might be something there.
 
Posted by rajthebam on :
 
yeah i saw F dropping too? whats going on there?
 
Posted by TraderJones on :
 
I think F has just dropped along with the market. I think they are still a very strong company,and like I said, if the market starts going up a little more and stays stable, they should go up too.
 
Posted by TraderJones on :
 
Seems like a slow day for trading, everything seems a little flat. We should see some more action at the end of the day and that will probably constitute what's going to happen early and through next week. [Good Luck]
 
Posted by AJGrano on :
 
yeah everything is flat except my Bidu [Roll Eyes] I mean I guess that makes sense because of that BS Google news which really meant nothing. It also did run up almost 8% the other day too so I guess thats expected. I guess I'll just need a good week coming up, hope I get it
 
Posted by TraderJones on :
 
Well, I bought F at $11.11 today, now at $11.32 in aftermarket. Bought SIRI again at .955, now at .97 aftermarket. GOOOO F'N SIRI!!! hehe. [Big Grin]
 
Posted by AJGrano on :
 
hey guys I wanted to get some input from you. I have 3 calls for BIDU with a break even point at $72. currently the price is at 74.50....meaning thats a $750 profit. Do you guys think I should take it off the counter or should I wait until thursday after google reports earnings, I'm hoping that theres news basically saying how google is not doing any business in china. Problem is my expiration on my options is on the 17th. Just wanted to get your opinions because its either take that profit....but for every $1 the stock goes up I make $300 so it seems like a big reward/little risk ratio. thanks for any input
 
Posted by TraderJones on :
 
Well AJ, if I knew more about options I would probably have a better opinion, and I don't really follow BIDU. My general opinion is: If you have been holding it for quite a while and your now in the green making some decent money, I say take the cash now. And often times, relying on what earnings will do for a stock is sometimes a gamble. But, that would all be my opinion. Good luck!
 
Posted by TraderJones on :
 
Sold F at $11.72, didn't have a lot in it but made about $175. Giddie-up! Still have SIRI, needs to break over a buck to see some good action.
 
Posted by TraderJones on :
 
I still think F has a lot of potential, but when stocks surge up so much in one day the way it did today, AND...the market was so stinkin high, I feel like it all has a tendancy to have a down or flat day. Might buy it back on a dip in the near future, we'll see. [Big Grin]
 
Posted by TraderJones on :
 
Looks like I chose wisely on F, for the time being anyway. SIRI still floaty, but i'm still in the green just barely.
 
Posted by AJGrano on :
 
So I ended up selling my $2 calls of BIDU for $5.75 for a $1,125 gain...not that bad for two weeks I guess. Now wondering what else to get into...thinking about looking into options for CIEN. Wish I had got into BP when it hit that 28-30 range, huge gains in the last half hour today with that news.
 
Posted by TraderJones on :
 
Nice one AJ. I need to keep learning more about options, I know there is a lot of potential there.
 
Posted by AJGrano on :
 
Thanks TJ! Yeah I still do not fully understand options, but I feel I have a good grip on it. I just like how you can control more stock for less money and how you're protected because you only lose your initial investment or "down payment" appose to dumping in 21k into a stock where the losses are endless.

I'm trying to understand where this market is going to go honestly. I was enjoying the movement of the last two weeks but fridays sell off scared me a little bit. You guys still bearish? or do you think we just had a nice little pullback with some decent buying oppurtunities
 
Posted by TraderJones on :
 
So AJ, what was your initial investment on this $1100 gain?? As far as the market goes: I'm still not quite sure where it's going. Overall I feel like it's going to keep heading up, but like you said that friday sell-off was a little scary. BUT, with that big drop I saw it as an opportunity so I bought back into F at $11.35. fingers crossed. And I'm still in SIRI....still floating, not sure what to do there.
 
Posted by AJGrano on :
 
TJ, what I did was buy calls of BIDU with a strike price of $70. The stock was trading at about $67-68 at the time but I knew it would hit higher than $70 in a few weeks. When you buy the "option" to purchase a contract of 100 shares of the stock, you pay a premium per share. My premium for each share was $2 and I purchased 3 of those contracts...meaning I spent $600 in order to control 300 shares of stock if the stock hit $70. Since I paid $2 per share though my breakeven point was $72...anything over 72 was all profit and for every dollar the stock went above 72 I made $300 since I had 300 shares. So I when I finally sold the premium was 5.75 then subtract the 2 that I paid and that comes out to 3.75 per share times 300 shares. So basically turned that 600 into 1725. I don't think that thats typical but I read that chart pretty well and went for an out of the money call, which will always be a lot cheaper so I bought more calls for less money. I'm looking into BAC calls for August or October but I think I want more stability. I don't know why but I always felt that F was not going to move....but I also thought that when they were like $1.20 lol.
 
Posted by AJGrano on :
 
Tried to get into (2) $80 calls of APA with a 6.20 premium and then the stock literally took off and now the bid for the premium is 7.00. Wish I put it in for 6.30...could've made a quick $140...literally in minutes...ugh
 
Posted by AJGrano on :
 
Got 2 calls of APA for $6.60. Already up about $60 bucks but I think this thing is gonna jump up if they close that deal with BP to buy some of their assets for a reduced price. Only problem is that I think there is not enough open interest for the $80 strike price. If I had bought 4 calls of the $3.40 premium for the $85 strike price I'd be up around $200 bucks for about the same investment though, ugh.
 
Posted by TraderJones on :
 
Thanks a lot for the detailed information AJ. That's very helpful! eventually I'll get a grasp on this and give it a try.
 
Posted by AJGrano on :
 
No problem TJ, its the least I could do for all the knowledge you guys have given me in the past few years. We have to do this as a team, ya know!
 
Posted by AJGrano on :
 
Tempted to sell my calls I bought yesterday of APA for 8.80-9 for a 420-460 gain but greed is settling in and I think this market is gonna blow up towards the EOD. Hopefully people take Apple's earnings the right way since Apple controls so much of the Nasdaq and I just bought calls for Ciena earlier in the day. They usually do and with the way AAPL has moved today I think we'll be in for a decent green day tomorrow!
 
Posted by AJGrano on :
 
should've sold for a 560 gain but I got greedy. Apache is going to purchase BP assets, but not at a reduced rate or the assets they were originally talked about and they're also going to sell stock....great. ugh, its still a great buy for them but shareholders aren't seeing it that way and the stock pretty much lost all of todays gains within 40 mins after the close. I have plenty of time to make it back but I just hope it doesn't tank after this news.
 
Posted by TraderJones on :
 
greed's a killer ain't it?? it sure has killed me a few times. I sold F early today, wasn't quite sure what the market was going to do but, what a rebound huh??? I hardly made anything on F, but with the small $ I had in it I wasn't going to break the bank if I sold it later. Besides that I had to be gone all day so I couldn't baby-sit it all day. Still in SIRI---AWESOME BOUNCE! Hopefully on it's way up towards earnings. I think this earnings report will be better than the last time. hope so anyway. I'm fairly confindent. LET'S ROCKKKKKK!!!!! [Big Grin]
 
Posted by sju1973 on :
 
Sold ATAC at 24.17. $2800 profit.
 
Posted by AJGrano on :
 
quote:
Originally posted by sju1973:
Sold ATAC at 24.17. $2800 profit.

Nice gain! How long have you been holding? I got scared about my APA when they fell almost 3% after the close with the BP deal, but I was glad to see this morning they were up almost 1%...now at even. I gotta stop getting so worked up with after-hours and pre-market, it'll drive you crazy sometimes!
 
Posted by TraderJones on :
 
WOOOO HOOOOOO SJUUUUU!!!! You've been holding that baby for quite a while. AWESOME FOR YOU!!
 
Posted by sju1973 on :
 
Thanks TJ. Yeah, I was hoping for a just a small gain or even break even after the market meltdown. Turns out that the company is getting bought out. I was on vacation and came back to this good news so I sold this morning.

Dude, I was in LA, Cali for a week. Hung out on Sunset strip at the Viper Room and the Whiskey a go-go. I also saw Ozzy's star on the Hollywood Walk of Fame. Awesome stuff to see for any rock n roll fan.
 
Posted by TraderJones on :
 
Sounds like an awesome vacation! AND, icing on the cake for when you got back....SWEET!!
 
Posted by rajthebam on :
 
looks like everyone here is going quite well. good for you folks. I bought some EDC yesterday which i sold for nice profit this am....very happy with that. havent been trading a lot lately.
 
Posted by TraderJones on :
 
Nice Raj! It's always nice to make a quick overnight profit.
 
Posted by sju1973 on :
 
Got into TC this morning at 8.93.

YRCW is moving real good lately. Risky business, but if you would have gotten in at .15 a little over a week ago, you would be looking at 100% profit. You just never know with this one.
 
Posted by AJGrano on :
 
quote:
Originally posted by sju1973:
Got into TC this morning at 8.93.

YRCW is moving real good lately. Risky business, but if you would have gotten in at .15 a little over a week ago, you would be looking at 100% profit. You just never know with this one.

Nice pick up on TC, hopefully it'll make another one of those $8-10.50 runs it had like a month ago. I'm setting up to sell my options of APA for a nice gain, but I'm wondering what you guys think this market is gonna do in the next couple of hours? Been kinda flat since like 11am and I'm thinking it might correct a little before the end of the day....BUT I could be completely wrong (good chance lol)
 
Posted by sju1973 on :
 
Thanks AJ. Yeah, I'm hoping for a run to close to 10. I'm hoping.

As far as the market for today goes, I'm not really sure. Maybe some correction this last hour. I don't have the tools or time (I trade at work) to monitor the market by minute or hour. I am mostly a swing trader. I look for market direction in days, weeks, months, etc. I usually hold a stock for at least a few days or more although I do day trade on occasion when I see the opportunity.
 
Posted by AJGrano on :
 
just sold my 2 calls of APA for a $837 gain. Could've held and squeezed out another $100, but like Jim Cramer says "nobody ever got hurt taking a profit". Still holding my 8 calls of CIEN that I bought at .39. Might dump them later today so I can get a jumpstart on the weekend! Anybody looking into anything today?
 
Posted by AJGrano on :
 
Anybody have any thoughts on Sketchers: SKX the shoe company? Its down a little today, wondering if we're gonna have another run today. My only issue with Sketchers is that it has extremely light volume. any thoughts would be greatly appreciated, thank you
 
Posted by sju1973 on :
 
Actually, I feel the volume on SKX is not bad considering they only have 35.7 million outstanding shares. Very low OS. Volume of about 1/2 million today. Less shares out there to trade, volume will typically be lower than SIRI for example at 3.9 billion OS. Low OS, low float is great IMO. It's one thing I look for in a stock.
 
Posted by AJGrano on :
 
quote:
Originally posted by sju1973:
Actually, I feel the volume on SKX is not bad considering they only have 35.7 million outstanding shares. Very low OS. Volume of about 1/2 million today. Less shares out there to trade, volume will typically be lower than SIRI for example at 3.9 billion OS. Low OS, low float is great IMO. It's one thing I look for in a stock.

Thanks for bringing that to my attention. Honestly I didn't do my DD on that, it was a spurt of the moment speculation and I'm glad I didn't bother with it. I'm about to play a round of golf and see where this market goes in the next hour. Might play FAS/FAZ depending on how this report goes, but I'll probably just try to go for par instead =P good luck all!
 
Posted by sju1973 on :
 
YRCW. Damn.
 
Posted by AJGrano on :
 
Wish I had got into YRCW at open but I thought that when it was up 10% but I felt like I'd be chasing it. Instead I bought more calls for CIEN for a $14 strike price....still riding free shares with that one as well. Also purchased (10) $35 calls of SKX at $1.80 each. I'm going to just keep trying to buy on these little dips because I think this rally definitely has some legs...think this is going to be another decent week guys!
 
Posted by AJGrano on :
 
Sold my 10 calls of SKX today for 2.37 each for a $535 profit after commissions.
 
Posted by AJGrano on :
 
Do you guys think its too early to get into Netflix: NFLX?
 
Posted by sju1973 on :
 
YRCW is making me sick dudes. Just the thought of if I would have invested (or gambled in this case)a mere $6000 into YRCW 2 weeks ago. I would be up over $10,000 right now. That would be sweet!
 
Posted by AJGrano on :
 
quote:
Originally posted by sju1973:
YRCW is making me sick dudes. Just the thought of if I would have invested (or gambled in this case)a mere $6000 into YRCW 2 weeks ago. I would be up over $10,000 right now. That would be sweet!

Yeah for real. Honestly I feel as though with how well I'm doing with options that I'll never buy common stock again. I think the only way I will do that is for the pure spec plays just to try to maximize on gains. I've been thinking that for a few weeks now....something like..

YRCW, SRZ, SILA, ABK & SIRI for a portfolio
 
Posted by AJGrano on :
 
got 4 calls at 4.40 for NFLX. Looking for a little rebound on it tomorrow and a quick morning exit
 
Posted by TraderJones on :
 
Any spectulation on what's going to happen to SIRI guys? I'm making some $$ right now but it's laying kind of flat and the volume has dropped off a little. I still feel like it will go higher than where it's at right now but not sure how much or when it's going to top out between now and earnings, which is on 8-8. I've also heard that summer time trading and earnings are kind of lame. a lot of the big money just isn't there to push things as much as you would like. And I'm kind of seeing that with SIRI. Any opinions? I'm off doing other things during the day right now so I can't babysit this thing, so any advice would be helpful.
 
Posted by AJGrano on :
 
I am so effin' mad right now. I went to go sell my NFLX this morning for a $440 gain and right as I'm about ton confirm my trade my internet stops working! I'm soooo pissed at verizon right now so now I'm basically flat on this damn thing...problem is I was only playing it on a minor bounce so now I'm torn on whether to sell it and just lose commissions or see if it rides up a little bit. TJ I would say it depends on how much you have invested in SIRI, but I personally would hold it. I heard something like 33% of SIRI's customers or maybe sales were on the iPhone, which I think is great for them.
 
Posted by rajthebam on :
 
AJ can you explain how you buy/sell these calls and puts....i know a bit about covered calls and write them in my IRA but want to learn what you're doing with NFLX
 
Posted by AJGrano on :
 
quote:
Originally posted by AJGrano:
TJ, what I did was buy calls of BIDU with a strike price of $70. The stock was trading at about $67-68 at the time but I knew it would hit higher than $70 in a few weeks. When you buy the "option" to purchase a contract of 100 shares of the stock, you pay a premium per share. My premium for each share was $2 and I purchased 3 of those contracts...meaning I spent $600 in order to control 300 shares of stock if the stock hit $70. Since I paid $2 per share though my breakeven point was $72...anything over 72 was all profit and for every dollar the stock went above 72 I made $300 since I had 300 shares. So I when I finally sold the premium was 5.75 then subtract the 2 that I paid and that comes out to 3.75 per share times 300 shares. So basically turned that 600 into 1725. I don't think that thats typical but I read that chart pretty well and went for an out of the money call, which will always be a lot cheaper so I bought more calls for less money. I'm looking into BAC calls for August or October but I think I want more stability. I don't know why but I always felt that F was not going to move....but I also thought that when they were like $1.20 lol.

I think thats the best way I can explain what I'm doing. I'm still new to options so I'm only dealing with call options and just taking my profits and running into something else. I mean its pretty much the same as day trading with stocks but the premiums have much bigger swings percentage wise. I only picked up NFLX yesterday because I felt it would have a small bounce this morning...which it did, but I couldn't get out of it because my internet got messed up when I was about to place the order. I'm probably going to get out of it soon because I just feel like this is like catching a falling knife.
 
Posted by TraderJones on :
 
I decided to hang on to SIRI eventhough the volume is a bit low but, that just kinda tells me that a lot of people are holding to see the outcome of the earnings report is. Although it will need some serious buying to drive this price up. I'm hoping for about $1.12-$1.15, but it could poop-out at around $1.10.....we'll see. I will probably hold through the week and maybe into early next week but probably not hold right up until the morning of earnings, unless I see some big force behind it. [Big Grin]
 
Posted by Happy Valley on :
 
Grabbed a few CTXS Aug $55 puts at 1.70 for a trade...
 
Posted by Happy Valley on :
 
Watching HT here $5.32 HOD...Earnings after the bell tomorrow...Grabbed a few Nov $5.00 calls...
 
Posted by Happy Valley on :
 
CTXS...Anybody else watching this one???Want to jump back in puts but afraid of getting stuck in the next stock they run to a 100+ P/E...
 
Posted by AJGrano on :
 
FINALLY sold my calls of NFLX today for a 440 gain. Was really getting worried it would never come back up. Too bad I didn't pick up more of it when the calls were down to like 1.80. Too bad I didn't get into Priceline PCLN yesterday...probably could've retired today haha. Thinking about flipping SKX again now
 
Posted by TraderJones on :
 
cool for you AJ! I sold my SIRI on Friday actually. I just couldn't quite tell what it was going to do but, I still made out with about $500 so it's ok I guess. I've been watching NFLX also and was hoping you still held it. Way to go. Now, what's next? Not sure what to get into.
 
Posted by AJGrano on :
 
I ended up purchasing (20) $36 calls of SKX yesterday for .90 each and then picked up another (5) $36 calls at .75 today. Probably a little early for the both, but I feel pretty good about the stock pushing towards $35-35.50 within the next week. CHK is another stock I always look at when it hits that high $20 range, but I never jump into it. Hey TJ I don't blame you for your play on SIRI, its a weird stock as in it builds up towards earnings...then releases a great earnings report and the stock dumps a little, then eventually runs again. I am thinking about going long on SIRI very soon
 
Posted by AJGrano on :
 
I'm wondering on your opinions with the direction the market is going to go with the report tomorrow. Any thoughts?
 
Posted by rajthebam on :
 
AJ - question on SKX calls - right now AUG $36 calls are selling for .65 each - you've picked up $36 calls for avg of roughly 0.85 each - Are you just looking to sell the option when it increases in value so there is no actual shares being bought or sold? you are just buying calls and selling calls when they've increased in value, correct? if thats the case, the SKX options are even cheaper right now at .65 as i said. dose that make it even sweeter to buy?
 
Posted by AJGrano on :
 
quote:
Originally posted by rajthebam:
AJ - question on SKX calls - right now AUG $36 calls are selling for .65 each - you've picked up $36 calls for avg of roughly 0.85 each - Are you just looking to sell the option when it increases in value so there is no actual shares being bought or sold? you are just buying calls and selling calls when they've increased in value, correct? if thats the case, the SKX options are even cheaper right now at .65 as i said. dose that make it even sweeter to buy?

Thats exactly what I'm doing. I'm tempted to jump in more for the .65 price but I don't want to keep dumping more and more money into the stock honestly. I've put probably more into SKX than I wanted to when I picked more up at .75 though. I still have around 30 calls of CIEN so I'm not trying to put too much more into SKX...but I feel pretty comfortable with the two stocks even though they are down today...wish I did get into the .65 instead but I didn't think they'd fall down that low.
 
Posted by rajthebam on :
 
do you know if this can be done on scottrade?
 
Posted by TraderJones on :
 
quote:
Originally posted by AJGrano:
I'm wondering on your opinions with the direction the market is going to go with the report tomorrow. Any thoughts?

I'm not quite sure where the market is going to go yet. I kind of feel like it's just floating and just on the edge of waiting for a little bad news for it to dump big time. I think we could see it start to go down towards the end of summer and down quite a bit into fall. Although I've been waiting for the next big dump for a while now and it hasen't happened, so I could be wrong.
 
Posted by AJGrano on :
 
quote:
Originally posted by rajthebam:
do you know if this can be done on scottrade?

Yeah you should be able to. Check it out....

http://www.scottrade.com/investment_services/options_trading.asp

I use E-Trade right now...fees are a little up there but I really do like their platform and their customer service is really great...I can always call them at any given time and speak to a live person who's always pleasant and willing to help. If you're interested in getting into SKX, I think that .65 is a great entry point...I don't think its going to go too much under 33-33.50 if it even does and its a pretty bullish stock from what I've noticed.
 
Posted by AJGrano on :
 
quote:
Originally posted by rajthebam:
do you know if this can be done on scottrade?

Yeah you should be able to. Check it out....

http://www.scottrade.com/investment_services/options_trading.asp

I use E-Trade right now...fees are a little up there but I really do like their platform and their customer service is really great...I can always call them at any given time and speak to a live person who's always pleasant and willing to help. If you're interested in getting into SKX, I think that .65 is a great entry point...I don't think its going to go too much under 33-33.50 if it even does and its a pretty bullish stock from what I've noticed.
 
Posted by rajthebam on :
 
what option level access do you need?
 
Posted by AJGrano on :
 
quote:
Originally posted by rajthebam:
what option level access do you need?

I'm not 100% sure raj but I had no problem qualifying to trade options and I only made a few small trades previously and I only have roughly 5k in my account. I might have to pick up some of these .50's of SKX though just because this has tanked today...wish I bought them now instead of yesterday but I thought it was going to have a little rally after an almost 8% selloff the other day. ugh..and to think I would've doubled my profits if I just held onto NFLX for today.
 
Posted by AJGrano on :
 
Ugh, wouldve been up another 2.2k on my nflx if I held today. Instead I'm down on my cien and skx, lol oh mannnnn
 
Posted by AJGrano on :
 
3.2k now. I am sick to my stomach right now, thank god I atleast got to enjoy the dirty Jersey shore today.
 
Posted by AJGrano on :
 
So I bought more calls for SKX at .25 and of course the thing tanked right afterwards. Looks like I'm screwed on this one folks
 
Posted by Morpheus on :
 
BGordon Gekko: "The richest one percent of this country owns half our country's wealth, five trillion dollars. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bull****. You got ninety percent of the American public out there with little or no net worth. I create nothing. I own. We make the rules, pal. The news, war, peace, famine, upheaval, the price per paper clip. We pick that rabbit out of the hat while everybody sits out there wondering how the hell we did it. Now you're not naive enough to think we're living in a democracy, are you buddy? It's the free market. And you're a part of it. You've got that killer instinct. Stick around pal, I've still got a lot to teach you." Blue Horseshoe loves DRN short
 
Posted by Morpheus on :
 
im short @ 48.20 ..good luck to us
 
Posted by rajthebam on :
 
morpheus...long time no see...hope you've been well. how did you short it at 48.20? i see yahoo finance showing it opened at 46.53?
 
Posted by Morpheus on :
 
uhhhhh....hmmmm....let me see??? maybe cause i went short from yesterday about 15 min before the close.. [Wink]
 
Posted by rajthebam on :
 
good one. that explains. going to vegas anytime soon?
 
Posted by Morpheus on :
 
vegas...actually..yes...but I dont gamble on the "games"...hate it...however..I do love the ponies..play the longshot odds when you can see the horse is just as good a runner as the favorite..I love 1 dollar trifecta..I hit it often..anyhow..i remain short for tommorrow...when its time to golong..(maybe about 2.25 hrs before wed close we will see..)i like drn, do, jaso, solf, shld, mon and mos
 
Posted by Morpheus on :
 
making the big money...eeeee doggie
 
Posted by rajthebam on :
 
good as ever, Mo.
 
Posted by Morpheus on :
 
ok...the time has come...im now long 500 DRN @ 42.87
..Why the F not...just rolling the dice in cyber vegas...mas over 2500 in the last 2 days on that baby..
 
Posted by Morpheus on :
 
crap...trying to catch a fallin knife...im long 250 more DRN @42.05 for the last and most important hour of the trading day..
 
Posted by Morpheus on :
 
respect the CSCO gods...in 200 @ 23.60
 
Posted by Morpheus on :
 
look at today as "bargin day"...buy when stocks are on sale...
 
Posted by rajthebam on :
 
I can't believe how Morpheus times his buys at day's lows almost always....even on such bad days his entry points look very close to lows of days
 
Posted by Morpheus on :
 
not on the CSCO...i took a shot and bailed as soon as the report came out...blah...
 
Posted by sju1973 on :
 
Good to see you're back Morph! Where the hell have you been man?

Still holding TC here. I'm hoping for a bull run to near 11 on this one soon.
 
Posted by Morpheus on :
 
I've been busy
http://www.paradisecovemalibu.com/beachcafe/index09.html

life is a party...gotta live
 
Posted by sju1973 on :
 
Nice Morph. I was just in Malibu three weeks ago. My first time there. Absolutely, beautiful. Driving down the Pacific Coastal highway in a convertable is a must do for all!
 
Posted by TraderJones on :
 
Well, well if it isn't Morpheus! Welcome back. Must have been enjoying a nice summer huh?
 
Posted by Morpheus on :
 
TJ..thanks...i just been laying low and spending tons of dough..everywhere I go...thats how its been...you know [Smile]
 
Posted by TraderJones on :
 
Hey, what's up with COIN?? They're falling into a black hole today.....and have been for a while now.
 
Posted by rajthebam on :
 
its dead here today?
 
Posted by TraderJones on :
 
what do you think about SIRI these days Morph?? others?
 
Posted by TraderJones on :
 
Raj---what do you got going??
 
Posted by Morpheus on :
 
im all in SIRI, totally surprised its not been moving up, must be some sort of evil game going on (but thats the market for ya)...im also long DRN AMD LVS since last thursday...for now...longs are the place to be
 
Posted by TraderJones on :
 
Thanks Morph, I always appreciate your insight
 
Posted by rajthebam on :
 
not much....have DSW EDC MT holding still.... its tough to day trade with limited $....
 
Posted by Morpheus on :
 
status on my action....still hold long SIRI and MSFT I had bailed on both some time ago and got back into more shares for lesser price a few weeks after that..so it worked out good there..added 25% to my holding on DRN AMD and LVS at the close today and also started a 1K share position of OMX near the close today at 11.45...so for now im long and climbing the "wall of worry"...god bless america and god bless the american stock market..
 
Posted by sju1973 on :
 
Still long here in TC. Added more shares.
 
Posted by rajthebam on :
 
morpheus what r u buying today? it looks like a good day to cherry pick
 
Posted by R1 Man on :
 
http://www.fool.com/investing/general/2010/08/23/is-sirius-xm-the-next-amazoncom .aspx

Click that link and read. WOW...very interesting!!

Ohh yeah, I'm not back yet...sidelined but coming back soon!!
 
Posted by Morpheus on :
 
Idid not buy anything on tuesday...but I just opened a position into KIRK at 11.04 and added 500 shares to AMD at 5.93...its looking like it could be a reversal day perhaps???? Im into going long before the 6:50am PST reversal which happens all the time...new home sales are comming out at 7 so grabbing long is a real gamble at this point..
 
Posted by Morpheus on :
 
just grabbed some DRN at 38.35 just for kicks...
 
Posted by TraderJones on :
 
I'm wondering if this market is ever going to start to reverse. It's been down just about everyday for a week or more now. If we do see it headed back up, with some strength behind it, it would be a great time to go long on lots of stuff in my opinion. I'm long on F right now. SIRI looked good at .95xx yesterday....lots of volume there too.
 
Posted by Morpheus on :
 
TJ...i agree on that...Im in the red on my trades for the last week...once again..bad timing...but currently my big holdings are SIRI and MSFT and the more active trade plays for me are LVS (which i just added some at 27.22) ..AMD KIRK DRN ..I did bail on OMX at yesterday open for a loss there..blah.. as for right now...im thinking the bad news is in and we go up from here...??? [Good Luck]
 
Posted by TraderJones on :
 
Yeah Morph, I'm red on F right now also. But, I have a lot more faith in F than a lot of other things, so I'm still holding. When I see it and the market definately headed back up I might double up on it, or at least buy more to get my break even price down a little.

"I'm thinking the bad news is in and we go up from here.....???".......I hope your right!! [Wink]
 
Posted by TraderJones on :
 
For your listening pleasure: http://www.youtube.com/watch?v=jadvt7CbH1o&feature=av2e
 
Posted by Morpheus on :
 
Nasdaq is green...Houston ...we have lift off!!! Take your protein pills and put your helmets on..
www.youtube.com/watch?v=uhSYbRiYwTY&feature=related
 
Posted by TraderJones on :
 
GREEN! We might just start that reverse after all huh Morph??
 
Posted by TraderJones on :
 
WOOHOO!! First green day I've seen in a while! Keeping my fingers crossed. [Were Up]
 
Posted by rajthebam on :
 
you may have just jinxed it TJ
 
Posted by TraderJones on :
 
looks like we just squeeked it out Raj!
 
Posted by TraderJones on :
 
Damn market! Will it rebound at the end of the day?
 
Posted by TraderJones on :
 
So, where are the votes today for GREEN OR RED at EOD?? Historically it is usually red or almost even at EOD. I'm throwing the dice and saying it's going to go GREEN (slightly)and start a green trend into next week.
 
Posted by sju1973 on :
 
I'm with you TJ. Same thoughts here. We are due for a decent week after the last few stinkers.
 
Posted by TraderJones on :
 
WOW! Way GREEN day for a Friday! Big market rebound in the coming week(s)???
 
Posted by Morpheus on :
 
ditto...still long the same ol turds..
 
Posted by TraderJones on :
 
ditto..ditto...
 
Posted by rajthebam on :
 
what are some good picks for 8-10% return before year end 2010? i am not looking for daytrading picks but something you see should bounce by year end the latest?
 
Posted by sju1973 on :
 
quote:
Originally posted by rajthebam:
what are some good picks for 8-10% return before year end 2010? i am not looking for daytrading picks but something you see should bounce by year end the latest?

TC
 
Posted by rajthebam on :
 
how is FAS at 17.25 levels for quick pop?
 
Posted by Morpheus on :
 
that all depends on your thinking which way the dow/market is going to go...today is a good day to pick up some bargins long...take your pick..AMD DRN DOLW JCP SHR SHLD BAC TEVA MMM OMX ODP...the list goes on and on...buuuuuutttt...you gotta ask yourself...."Am I bottom fishing...or...am I trying to catch a falling knife"....
my holding are MSFT SIRI AMD and DRN, which I added to to this morning at 40.55...this mimics the dow really close..(as does FAS)so there ya go...good luck to us
 
Posted by Morpheus on :
 
oh yeah....dont forget INTC and CSCO
 
Posted by sju1973 on :
 
Another thing to think about is we are about to begin September. September is historically the stock markets worst month, so anything can happen. Who knows, I know Sept. sucked for me last year. We'll see.
 
Posted by Morpheus on :
 
DOLW= DOLE
 
Posted by Morpheus on :
 
SHR=WHR...I got really fat fingers today..the point is...timing..."when is the crap gonna quit going sideways to down?"...but then ...there is always the inverse ETFs... FAZ and SRS...timing is key
 
Posted by rajthebam on :
 
thats the part that people including me struggle with...i did buy TC at 8.50 and today it turned out ok....thinking if i should just sell it now or keep for year end?
 
Posted by Morpheus on :
 
Raj...just for your info...i just bailed on AMD 5.84 and DRN 45.10....gonna play the bounce and go all in DRN later on a pull back...if this thing follow the trend it has been doing??? [Eek!]
 
Posted by Morpheus on :
 
that 10% you were looking for by the years end..DRN just did that in 24 hours....eeeee doggie
 
Posted by Morpheus on :
 
Raj... you are the master of your button pushing...but for me right now
http://www.youtube.com/watch?v=7Gu6EnpsDBc

..im looking for a pullback and to pop back into DRN around 1:30pm EDT...hmmmmmmm
 
Posted by rajthebam on :
 
will check out the video when i get home tonight

i sold TC at 9.05 - made 6% in matter of couple days...awesome return if u annualized.....happy camper....

also on such huge up days, is there a play besides the bounce you refer to Morph? it looks too much of investment and have to time it just right or it can backfire...i know u have to look at % always but it looks like too much risk for too little reward...? may be i am crazy...
 
Posted by rajthebam on :
 
ha ha good one morph...i saw the video....thats exactly what i did take the money and run...don't wait for YE to collect...haha...what do u think is in store tomorrow?
 
Posted by TraderJones on :
 
Still in F here waiting patiently on it. Hoping to add to it soon. Bought LCC late yesterday and then sold it at a peek a few minutes ago, made just a little but that's ok. looking for another quicky for today or overnight. Although the market could be kind of flat today after that BIG GREEN day yesterday.....we will see. [Good Luck]

Probably should have bought some SIRI when it was at .95.
 
Posted by TraderJones on :
 
Does anyone have any insight on ABK?? Do we all remember them shooting up to about $3.35 a few months ago. and now they have bottomed out but yet starting to work their way back up. I've seen them up everyday for at least a week now.....at .61xx right now..Potential there?? Scary/way to volitle stock?? In trouble stock?? What up?
 
Posted by Morpheus on :
 
buy the dips and sell the rips...im out of DRN premarket 50.02...i only hold SIRI and MSFT for now...might do FAZ after the open...eeeee doggie...luv luv luv cyber vegas
 
Posted by Morpheus on :
 
been picking up some great positive cash flow props in this area...

http://www.youtube.com/watch?v=luDgb5vVHuA

http://www.realtor.com/realestateandhomes-detail/44400-15Th-St_Lancaster_CA_9353 5_1121235491

http://www.realtor.com/realestateandhomes-detail/624-Eston-Place_Lancaster_CA_93 535_1120244364
 
Posted by Morpheus on :
 
going out today to make a bid on this..

http://www.realtor.com/realestateandhomes-detail/1147-E-Avenue-K6_Lancaster_CA_9 3535_1120639875
 
Posted by TraderJones on :
 
$75,000 for that house Morph???? Am I reading that correctly???
 
Posted by Morpheus on :
 
yep....this a great area...lots of great restaurants and shopping all over the place, 3 hospitals within 5 miles, close to the train station..the airport is right there and going to convert to an international terminal soon a Junior Collage 5 miles away, the new AV University just opened this semester..vegas is a 3 hour drive, the pacific ocean is about 1 hour, snow skiing just 30 minutes up the mountain..mt bike in the summer and great snow in the winter
http://mthigh.com/trailmap/
zoom in on the arial view of the map

now I ask ya...how can you co wrong
 
Posted by rajthebam on :
 
morpheus...happy for you brother. i want to get in on RE also but everything is pricey in northeast...thing with investment props is that you must be closer to your properties so in case if you have to run and fix something, you can do it or hire someone to do it without getting ripped off. 29,000 for 1 BR units is unheard of in northeast.
 
Posted by Morpheus on :
 
this place is the aerospace capital of the world...Lockeed, Boeing, Northrop, NASA to name a few...there are 3 major colleges right there...good for the job market and the positive rental market...
http://www.uav.edu/

time to diversify with the bucks I made in 2009-10
market
 
Posted by TraderJones on :
 
Yeah, these prices are unheard of up here too. I bought my first house (micro-house) 1 bedroom 1 bath, for $76,000. AND, that was 13 YEARS AGO! I sold that house just about 4 years ago for $295,000! Although I built a new garage and another bedroom in the very small basement.....but still, geeze!
 
Posted by sju1973 on :
 
I own a home in NE Pennsylvania. Schuylkill County to be exact. I used to live there, now it's a rental. Large living room, 1 bath, 3 bedrooms, basement is divided into an additional 3 rooms, and it has a 1 car garage. I paid $26,000.

The house needed no work and was in move in condition when I bought it. Properties in this area are crazy low priced. I tell people here in Philly what I paid and they don't believe me. They insist I mean the down payment. I have to keep saying No, that was the full price., lol.
 
Posted by TraderJones on :
 
SJU---THAT IS SICK DUDE! That's mind-blowing crazy pricing! I've got 2.2 acres where I built my new house, and JUST the property, nothing else, was $155,000! The house cost me another $175,000 for me to build. And that's considering I built it. Property prices have gone crazy up here. Of course I could sell my house for at least $400k, but still crazy, crazy!
 
Posted by sju1973 on :
 
I know TJ. It really is crazy. Part of the reason the prices are so low in the area is the fact that there are not many jobs. That is also the reason I moved away. I have friends that have purchased homes with land for under 10,000. These were properties that needed a little work, but not much.
 
Posted by TraderJones on :
 
$10,000???!! I could sell my house and buy something there and not worry about a job! Part of the reason that the prices are so high up here is because of the Canadians that are so close. They come down and buy vacation homes and they keep the gas prices high too. this is one of the highest prices in the country for gas. And it's not like the economy is booming up here.

Added to my F a while ago.
 
Posted by sju1973 on :
 
My TC is running big time the last few days. I am tempted to sell and buy back in next week lower. The problem is the question, will it dip or keep running?
 
Posted by TraderJones on :
 
That's always the question isn't it SJ?!! That's what I'm wondering about F. Overall I'm fairly confident in it, I see a lot of strength behind it and the charts look good. It still could dip a little or flaten out for a few days next week but, after that I think we're going to see it really surge. I would just about say the same with TC, according to the charts anyway.... fingers crossed.
 
Posted by TraderJones on :
 
http://ecx.images-amazon.com/images/I/41TK7MSJXRL._SS500_.jpg Have a good weekend fellas!
 
Posted by rajthebam on :
 
oohhlllaalllaaa TJ....i'm gonna make my forearms stronger and come right back....ha ha....
 
Posted by TraderJones on :
 
hahaha....Yeah I figured you would like that one Raj. I'm way stronger now too! I'm typing and trading like a mad man!
 
Posted by TraderJones on :
 
Lookin pretty RED right now. Are we going to see a rebound towards the end of the day?? I say yes. Might still be red, but a good rebound and into more green the rest of the week.......I hope.
 
Posted by Morpheus on :
 
Hope...that is a sound strategy!!
 
Posted by TraderJones on :
 
Ah come on Morph! hope, fingers crossed, wishfull thinking.......all that stuff works doesn't it???
 
Posted by rajthebam on :
 
its hard to tell in this environment what will work and what won't.....whats your strategy morpheus....?
 
Posted by Morpheus on :
 
I use the tried and proven method of...Dice or a dart board
 
Posted by Morpheus on :
 
betting on FAZ at the close friday was what my dart board told me what to do....eee doggie...
 
Posted by TraderJones on :
 
I'm thinking of integrating those.
 
Posted by Morpheus on :
 
im still in 500 shares FAZ for wednesday ....also remain long SIRI
 
Posted by Morpheus on :
 
2 steps foward...3 steps back...fits the market rather well...I remain bias for the bear...added to FAZ at todays halfway mark...remain long on SIRI though...something going on there driving it upward slowly but surley...any green day on that is a great day
 
Posted by TraderJones on :
 
I was going to ask if you still had FAZ Morph. and YEAH.....what's up with SIRI?? Been driving up quite steadily.
 
Posted by Morpheus on :
 
http://www.youtube.com/watch?v=htlIK14SBvI&feature=related
 
Posted by Morpheus on :
 
overall on the FAZ im only down 125 bucks...chump change...just gave back my profits trying to let it run with the Constanza trade mentality....I adding another 100 FAZ here 13.47 [Confused]
 
Posted by Morpheus on :
 
opportunity to make money??...perhaps

http://www.youtube.com/watch?v=z9mvTHSVsEo&feature=related
 
Posted by TraderJones on :
 
interesting clip Morph. Speaking of opportunities....did you buy one of those properties??
 
Posted by Morpheus on :
 
I put lowball bids on 2 nice locations and got outbid every time...im holding off for now...gonna be taking a long vacation down toward
http://www.sayulita.com/

and spend some time in nearby puerto vallarta or venture down to zihuatanejo...a few weeks should do the trick...gonna look for long term rental home itn those areas..and shine on owning anything for now...owning just ties you down
 
Posted by TraderJones on :
 
I'm not sure if your going to catch FAZ doing much of anything today Morph. I bought them at close yesterday and just sold them and made zero $.....just didn't look good to me. Might see a third green friday in a row.....?
 
Posted by TraderJones on :
 
Still hanging on F here by my fingernails. The market is so wishy-washy....can't quite tell where it's going. Looking at the charts I was hoping to squeeze a little something out of FAZ today. That's generally the pattern....buy Thursday sell Friday.....not today. It seems like FAZ (according to the charts) is headed for another low. we will see.

Something for you SJU and anyone else that wants to check it out, awesome new song from Ozzy: http://www.ozzy.com/us/videos
 
Posted by sju1973 on :
 
Thanks TJ. I didn't know he released that single and video. I do have the CD. It's very good throughout. He was also very, very good live at Ozzfest. Best I have seen him in years. Rock on!
 
Posted by rajthebam on :
 
market keeps going up up up up and up....what to buy in these times?
 
Posted by Morpheus on :
 
raj...the stock market is known as "the biggest game in town"...remember..it is akin to a game of chess..you must always be planning for the next few moves ..sometimes, days in advance...as for me..I have been playing the 2 step forward, 3 step back game. i.e. the market has been going up 20-30 points for 3 or 4 days and then "BAMB"...down 200..then repeat. with that in mind...I have been buying FAZ in lots of 200 shares every day about 3.5-4 hours into the trading day. Started Friday, a week and half ago...but hey...thats just me ...I must be a total moron...but you gotta luv luv luv vegas...im up to 1400 shares now and that is more than enough for now... I think I will just wait and see if it is the right thing to do...
 
Posted by TraderJones on :
 
Morph-You always have really good advice and insight! I always appreciate your words. I bailed on my F yesterday at the best price I could and yet still lost a little. My feeling with the market right now is real close to what your thinking Morph. Everything is looking like it should break up but they just aren't. And now they're getting to be overbought. And on top of that, I think we're over due for a big down day or possibly a few in a row. I think the economy is still on very shaky ground and just about anything could send the market into a big down turn. Where is your average on FAZ Morph??
 
Posted by Morpheus on :
 
TJ...imn feeling that zacly...except for SIRI..good news is coming down the road...on the FAZ ...im in the red but averaged in at about 13.16..not too bad
 
Posted by BooDog on :
 
quote:
Originally posted by Morpheus:
TJ...imn feeling that zacly...except for SIRI..good news is coming down the road...on the FAZ ...im in the red but averaged in at about 13.16..not too bad

FAZ does look to be shaping up. I expect history to repeat itself also and still see a pretty decent dip for September. I also like my support lines for the dow holding above my 9700 mark. Thought we might even start the dip today but the 200ma is looking even stronger so we'll see. Still some decent over sold stocks out there imo. But then decent isn’t what it used to be lol.
 
Posted by rajthebam on :
 
thanks for morpheus for your point of view. I agree with TJ - you always have the best vision for where to be and where not to be in market at what times. FAZ consolidation looks like a good move really.

I made about 3% on the OREX run....and no i did not try to chase it......other than that, not much activity. I am thinking about getting in on FAZ tomorrow morning...
 
Posted by TraderJones on :
 
Are you seeing this reversal Morph??? Guys?? Did big news just come over??
 
Posted by TraderJones on :
 
I actually got into FAZ yesterday, just added more too.
 
Posted by TraderJones on :
 
Morph-I'm curious, for my own education and understanding, what are you basing your plan on for FAZ?? Are you basing it on a certain % and then sell, or basing it more on the charts?? A little of both, or maybe just a big up day for it? I'm mostly basing it on the charts and the fact that lots of everything is topping out and the market, as well as lots of other things, is quite sideways, which tells me, when it floats like this it has more of a tendancy to drop. Anyone else have any input?? Send it my way.
 
Posted by Happy Valley on :
 
SIMG...Getting a little pop today after consolidating last couple weeks...Watch for $4.50 break today or next week...jmo
 
Posted by Morpheus on :
 
as you know...faz is inverse financial..they have been sideways to down lately...but to answer you Q..im just.. you might say "playing the odds"..due to the fact that we have had a nice bunch of up days as of late..so I'm trying to use a little logic (my first mistake!!) seems that we are ready for a pullback of sorts..also the news on the European banks, poor employment, weak housing, Jupiter is in alignment with Mars, my black cat has been missing for more than 2 days and the kitchen floor was too cold morning..all good sound reasons for FAZ to move up from here...
 
Posted by TraderJones on :
 
I hear ya Morph, thanks.
 
Posted by Morpheus on :
 
SIRI...seriously...SIRI...just sold half my holdings 1.16 to lock in big gains..."sell the rips, buy the dips"
 
Posted by TraderJones on :
 
I'm blown away at what they've done lately. Damn it.....shoulda bought them when I said I was gonna..... .95
 
Posted by Morpheus on :
 
TJ..ahhhh crap...I hate the "woulda, shoulda, coulda's"...
 
Posted by Morpheus on :
 
I still have 110K SIRI going for me..go man go..
 
Posted by Morpheus on :
 
FAZ = [Were Down]
 
Posted by Morpheus on :
 
SIRI = [Were Up]
 
Posted by rajthebam on :
 
siri turned out awesome for you morpheus.....I was also in same boat as TJ should wouldve couldve...

FAZ looks ripe for picking....agree TJ/Mo?
 
Posted by Morpheus on :
 
just think..does history truly repeat..80 years later???
check out some of these great pictures...it could happen

http://www.youtube.com/watch?v=5dd-Un22DzA
 
Posted by Morpheus on :
 
BO is on the tube and most of the time the market reverse to the down side, hmmmmmm?...I just added 200 FAZ @ 12.72 to my ****stack...
 
Posted by Morpheus on :
 
s h i t shack
 
Posted by TraderJones on :
 
quote:
Originally posted by Morpheus:
just think..does history truly repeat..80 years later???
check out some of these great pictures...it could happen

http://www.youtube.com/watch?v=5dd-Un22DzA


 
Posted by TraderJones on :
 
I've always got this in the back of my mind Morph. I don't think we're out of the woods by a long shot. "They" keep throwing out enough fake news to keep things up but eventually the reality comes fourth and could easily send things right back down the tubes. Unemployment? housing?? the auto market?? it's all there, waiting to fall apart. Besides that, China can't support us forever.
 
Posted by rajthebam on :
 
got in on FAZ at 12.70
 
Posted by rajthebam on :
 
ohhh....hoping market downturn after fed meeting.......
 
Posted by sju1973 on :
 
Sold TC this morning at 11.06. 25% gain! Rock n Roll
 
Posted by TraderJones on :
 
WOW!! Way to go SJU!!!
 
Posted by Morpheus on :
 
sju...tip o the hat to ya...
 
Posted by sju1973 on :
 
Thanks guys!

TC was a great find. I believe it was AJGrano back in early June asked us our opinion on TC and CHK. I had a watchful eye on TC since then. I really think this one will double even from this level.

Great find AJ, if you're still out there!
 
Posted by sju1973 on :
 
Picked up FAZ this morning at 12.50. I will probably keep a very tight stop on this one. ETF's have kicked my ass in the past. I have not traded them for a while. However, I really think we are due for some market correction here.
 
Posted by TraderJones on :
 
Just talked to Bill(R1) on Facebook. he's doing good, says Hi. he's building a pretty good size coi-fish pond in his back yard. Looks pretty sweet.

I tend to still feel that we are in for some market correction too. Still holding FAZ.
 
Posted by rajthebam on :
 
SJU - i also took profit on TC but not as big as yours....remember i was looking for 10% gain before year end and you recommended TC - well i sold it early when i reached that 10% gain goal....
 
Posted by TraderJones on :
 
What's going on with the market right now?? Things are jumping all over the place. did some news come out that I didn't hear? or miss?
 
Posted by rajthebam on :
 
Fed is going to do everything and anything to keep things going it seems.....we keep printing money like there is no tomorrow....this is not good in Long term for sure.
 
Posted by sju1973 on :
 
quote:
Originally posted by rajthebam:
SJU - i also took profit on TC but not as big as yours....remember i was looking for 10% gain before year end and you recommended TC - well i sold it early when i reached that 10% gain goal....

I remember Raj. Awesome! I'm glad you got in on it and made something out of it.

As far as the market movement TJ. The Fed released news today at 2pm.

http://finance.yahoo.com/news/Fed-signals-it-will-take-apf-1578578684.html?x=0&s ec=topStories&pos=main&asset=f5975c94c977cd6b8b8b158842041e85&ccode=
 
Posted by TraderJones on :
 
Thanks Sju. I was under the impression that they had already released their news earlier today. Interesting report.
 
Posted by TraderJones on :
 
All I saw on that report was: slugish economy, slugish economy.......no jobs.....bad housing market.....we're in trouble and we're gonna fake it to MAKE things go up....ain't gonna work in my opinion.
 
Posted by rajthebam on :
 
i am with you TJ
 
Posted by TraderJones on :
 
I think "we" have cut our own throats, as far as the job situation goes, by sending all of our product manufacturing to China. Or was that statement more than obvious?? haha
 
Posted by BooDog on :
 
Looks like we are very close to our turn. My charts haven't been showing up here when i post so we'll see if I can get a couple links working. Not seeing divergence crossover or anything to get really excited about at the moment imo but the little red line (- divergence) is starting to turn down and there is improvement on the oscillator. I don't see a major stress on any of my indicators which imo will keep volatility fairly even so I'm not expecting any major radical moves. More like a steady reversal to see if the bears will be able to knock out a few bulls at a time. Kinda like when you see a few stocks from yesterdays highs slowly sink so in a few weeks you're kicking yourself for not taking at least some profits off the top. My dow target was 10,700 and we actually hit 10,833. If my bearish turn call is wrong and the dow somehow manages to break back above 10,8 it could change the picture. I'm not seeing much reason (or logic if there is any) to put the "hope" factor for the bulls to keep us going right now without at least some form of a "reset" but I do see this as a good time to be at least more cautious.
Just my rambling gibberish opinion. Let me know what you guys think.

http://bigcharts.marketwatch.com/charts/big.chart?frames=1&symb=faz&compidx=aaaa a%3A0&comp=fas&ma=6&maval=9&uf=8&lf=2&lf2=512&lf3=65536&type=4&size=3&state=8&si d=3830866&style=320&time=4&freq=1&mocktick=1

http://bigcharts.marketwatch.com/charts/big.chart?frames=1&symb=%24indu&compidx= aaaaa%3A0&ma=6&maval=9&uf=8&lf=2&lf2=512&lf3=65536&type=4&size=3&state=8&sid=164 3&style=320&time=4&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&mocktick=1

http://stockcharts.com/h-sc/ui?s=FAZ&p=D&yr=0&mn=1&dy=0&id=p80569817491
 
Posted by BooDog on :
 
comment from one of the other boards i frequent...
Re: Dow Jones Forecast
by zeeshan1 » Wed Sep 22, 2010 9:17 am

1. We are rallying.

2. Volume during the rally has been abnormally weak. The volume on yesterday's down day was larger than anything we've had lately.

3. $RUT, the russells index is lagging. That's not the way it's supposed to be, the small caps should lead the way.

4. $BANK still lags in a big way.

5. $VIX has gone sideways, when it should have dropped in a true rally.

6. $tran is lagging, the transportation index.
 
Posted by TraderJones on :
 
Boo-My guess is that you are fairly accurate in your thoughts. And besides that I think you are much more of a master of the charts than I am. Although My feeling is that the market is going to reverse faster than you think. Maybe that's just wishful thinking since I'm into FAZ. We'll see.
 
Posted by BooDog on :
 
quote:
Originally posted by TraderJones:
Boo-My guess is that you are fairly accurate in your thoughts. And besides that I think you are much more of a master of the charts than I am. Although My feeling is that the market is going to reverse faster than you think. Maybe that's just wishful thinking since I'm into FAZ. We'll see.

imo it's a tough call since as I mentioned I didn't see any real stressed indicators. Zee just told me he got his post from another source also lol but i wanted to show that there are many different theories out there. If we just go sideways a bit then maybe we can consolidate and continue. Who knows.
 
Posted by Morpheus on :
 
Im back to green in my FAZ buying spree of the last 2 weeks...go man go...also trimming half of my SIRI turned out good too...(wish I had bailed on the total holding)
 
Posted by TraderJones on :
 
Yeah, i'm in the green on FAZ also Morph. I was almost going to suggest that you go short on the rest of your SIRI a few days ago.
 
Posted by Morpheus on :
 
as far as going short on SIRI goes...the spread is way too big to play the trading in and out game on that stock...I prefer just to buy the inverse crap...FAZ, SRS, TZA..that has always been a good strategy for me...
 
Posted by BooDog on :
 
sweet you guys. good luck, back to 80% cash here. I'm with you Morpheus.... why don't i just go 100% this way or that?? [BadOne] thats for my retirement anyway - can't short with it or play individual stocks - good ole tsp.
 
Posted by Morpheus on :
 
a while back for many years...funny as it may seem..i used ADBE as a leading market indicator... it worked very well and continues to do so in current market trends...boy o boy did it take a crash today...hmmmmm...if the past hold true...that should be fantastic for all us lemmings holding FAZ...
 
Posted by BooDog on :
 
quote:
Originally posted by Morpheus:
a while back for many years...funny as it may seem..i used ADBE as a leading market indicator... it worked very well and continues to do so in current market trends...boy o boy did it take a crash today...hmmmmm...if the past hold true...that should be fantastic for all us lemmings holding FAZ...

wow! That dog just said See ya! down and out! lol. Thanks for the tip Morpheus!
 
Posted by BooDog on :
 
oh, and so much for not seeing any stressed indicators now! lmao.
 
Posted by Morpheus on :
 
oh yeah...did somebody say "dow spike down"...now the question is...what is the next move...it is a game of chess, gotta plan and execute with the proper timing
 
Posted by BooDog on :
 
Waiting for a bit here. support was broken so waiting to see how things look going into tomorrow and next week. That's what my 20% risk factor was for incase somehow we spike right back up to 11k. Doubt it but...


hell, the media controls everything anywayz right? [Eek!]
 
Posted by TraderJones on :
 
Yeah Morph, that is the question. What is the next move?? The market has been in an up-down-up-down trend for the past 3 months. Trading has been slugish, job market doesn't look good, as well as housing and the auto market. And of course the overall economy doesn't look so good either. I think the the European market is a little shaky too. So do we follow the charts as far as watching it top out?? Or what?? Right now I'm mostly following the charts. But maybe just pulling out a good percentage would be good enough and then buy back in if it looks good...?? Any input fellas??
 
Posted by TraderJones on :
 
GO FAZ GO!!!
 
Posted by TraderJones on :
 
Now the (other) question is: Are we going to have a red Friday?? It's been green for 4 weeks in a row..i think. if it goes red it might set the trend. we'll see. Still holding FAZ?? I think so.
 
Posted by rajthebam on :
 
just unloaded my FAZ for 15% gain in 2 days...
 
Posted by rajthebam on :
 
TJ tomorrow could be another good day for FAZ but i was not going to wait - i took the money and ran...you can't lose in that case in stead of riding the scary friday which as you said has been green for past 4 weeks.....
 
Posted by Morpheus on :
 
Huh...whats that you say??..my Prediction for tomorrow Friday?
 
Posted by Morpheus on :
 
P A I N

for the bulls...

http://www.youtube.com/watch?v=AFlmSp4sIog
 
Posted by TraderJones on :
 
that's a scary video Morph. Black friday coming.....we will see. I think there might be a bit of a rally in the morning but then going red most of the rest of the day.
 
Posted by rajthebam on :
 
good luck every1
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
SIMG...Getting a little pop today after consolidating last couple weeks...Watch for $4.50 break today or next week...jmo

$4.76...New 52wk highs here...
 
Posted by TraderJones on :
 
Well Raj, it looks like you chose wisely...for now anyway. Oops....I forgot to factor in the fake news that they were going to throw in to the mix. Ba$^ards! I think we could still see a reversal today though, we'll see.....shoulda coulda
 
Posted by sju1973 on :
 
I have a stop set on my FAZ at 12.75. I am holding unless it hits my stop. I'm playing for a down week next week.
 
Posted by rajthebam on :
 
looking to get in on FAZ again....lucked out on faz yesterday....but i agree with you next week should be red again.
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
Waiting for a bit here. support was broken so waiting to see how things look going into tomorrow and next week. That's what my 20% risk factor was for incase somehow we spike right back up to 11k. Doubt it but...


hell, the media controls everything anywayz right? [Eek!]

wow... that's all i can say right now [Eek!]
 
Posted by TraderJones on :
 
This about the time of day that your going to see a low on FAZ Raj. if your going to get in, might be a good time. Click your own buttons though, don't let me tell you what to do.
 
Posted by rajthebam on :
 
in FAZ at 13.05
 
Posted by TraderJones on :
 
nice spot Raj.
 
Posted by rajthebam on :
 
thanks TJ. Learning from you.
 
Posted by sju1973 on :
 
One possible issue to note for us FAZ holders is the DOW trend. If you look at a one year chart of the DOW and the current upward trend that started in June. Looking at the trend lines we can possibly see 11000 before a significant pullback. Who knows for sure, but that is what the trend lines indicate. Just something I have been watching.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p20612665821&a=1638 77738&listNum=1
 
Posted by Morpheus on :
 
Today (and every day lately)the market is a Royal Tard..all news out today is considered "bad"..not meeting estimates ect. on all accords..so we go up 200...F F F F F F
oh well..SIRI is up too..im just sleight in the red on my FAZ trade..gonna pick up 200 more shares at todays close (or there abouts)
 
Posted by TraderJones on :
 
this is just painfully disappointing
 
Posted by TraderJones on :
 
you get the smart award for the day Raj
 
Posted by rajthebam on :
 
ha ha.....i am thinking about double downing on this baby for mon morning drop....
 
Posted by TraderJones on :
 
Yeah well, So what's gonna happen today??? LCC jumped way up on news that they are buying another small airline out. YRCW went way up in aftermarket on Friday....probably going to float right back down untill their news actually goes through. Not sure where NFLX is going, they sure are high though.
 
Posted by sju1973 on :
 
Wow. FAZ took off the last hour today.
 
Posted by Morpheus on :
 
at the close today...I jumped off the Jet plane and onto the rocket ship....basicly bailed on FAZ and rolled all into DRV..FAZ is a 2X and DRV is a 3X inverse....the difference is ...50% the move..when FAZ moves 6-7%....DRV will do the same only 10-12%...it takes less upfront bucks to make the same cash..or the equal amount of bucks input upfront will make you richer faster....he he he... [Wink]
 
Posted by Morpheus on :
 
kachingo....im all out DRV ...1500 shares at 24.65...thats a nice 1600+ profit thank you..
 
Posted by Morpheus on :
 
im in 250 shares DRN 45.52
 
Posted by TraderJones on :
 
I bailed out of FAZ late yesterday also. I'm not convinced that were going to see that big drop we were hoping for.....not yet anyway
 
Posted by Morpheus on :
 
thats it for today...im heading out to the country club...woodland hills was 113 yesterday..and saposed to repeat today...its looking like only dow up from here...im headed to Saticoy C.C. where its only going to be about 90 (its close to the beach) laters...
 
Posted by TraderJones on :
 
have fun Morph
 
Posted by rajthebam on :
 
morpheus i thought FAZ was 3x but regardless nice pop for you there...
 
Posted by TraderJones on :
 
Bought some DRN also at $46 sold at $47.13, made a quick $240. I'll take the win.
 
Posted by rajthebam on :
 
nice entry point and exit as well TJ. I sold my FAZ this am at 13.50 as well for just 90 dollar profit overnight......
 
Posted by TraderJones on :
 
Still a good % Raj, take it and run! I think I'm glad I got what I did out of DRN. That baby can move. Kinda scary actually. Gotta really have a good feel of the market and where it's going to stay in it for any length of time.
 
Posted by TraderJones on :
 
Anything look good for a overnight trade??? Anyone??
 
Posted by TraderJones on :
 
WAG really moved today. might be something to watch for tomorrow
 
Posted by Morpheus on :
 
now I ask you...my trading buds...am I fn good? Oooorrrrrrr...am I just fn lucky???
WOW what a great today for me today...and justthink....i did it with one hand tied behind my back (he he)..did I call that reversal almost to the tee or what???? speaking of tee....what a fantastic day on the links..I shot my usual 71...that was easy...stock trading is hard...agree??
 
Posted by Morpheus on :
 
I popped into RIG and MU at the open
 
Posted by BooDog on :
 
quote:
Originally posted by Morpheus:
now I ask you...my trading buds...am I fn good? Oooorrrrrrr...am I just fn lucky???
WOW what a great today for me today...and justthink....i did it with one hand tied behind my back (he he)..did I call that reversal almost to the tee or what???? speaking of tee....what a fantastic day on the links..I shot my usual 71...that was easy...stock trading is hard...agree??

lmao, and agree!

WTG Morph
 
Posted by Morpheus on :
 
ya know....in many ways..golf and stocks are very much alike...the more I practice...
the luckier I get...!!!!
 
Posted by Morpheus on :
 
holly molly....MU...yeah baby
 
Posted by TraderJones on :
 
haha....I'd have to agree also Morph. So what's gonna happen today OH MIGHTY ONE?? Are we gonna see that reversal again today? I'm kinda thinking not...?
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
quote:
Originally posted by Happy Valley:
SIMG...Getting a little pop today after consolidating last couple weeks...Watch for $4.50 break today or next week...jmo

$4.76...New 52wk highs here...
SIMG $4.98...Another 52wk high...Could get some legs on $5.00 break...JMO DYODD...
 
Posted by Morpheus on :
 
out of MU...7.51...profit
 
Posted by TraderJones on :
 
nice Morph!
 
Posted by BooDog on :
 
looking at IKAN, AIB, and PMI still cookin
 
Posted by rajthebam on :
 
good 1 mo
 
Posted by TraderJones on :
 
I've been watching NFLX for a while now, and they're just floating in the range of $160-$165 or so. Everything I'm seeing is that they're wayyyy overbought and gonna come down.
 
Posted by TraderJones on :
 
Big reversal going on. I'm guessing a lot of profit taking as it is the last day of the month...? Could see it go red at the end of the day.
 
Posted by sju1973 on :
 
I mentioned the other day we may hit near 11000 before a true reversal. We hit very close to 11000 this morning. This could be reversal time.
 
Posted by BooDog on :
 
was thinking a double top was possible myself sju. Here's a chart I marked up a few days ago...
http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/2/ t/015807/p/2.html#000046
Like to see a reset on a few things, fine by me. I liked FAZ at 13.01 earlier today. Maybe now the bears can get some action.
 
Posted by sju1973 on :
 
Yes, I agree BooDog. I am a bull trader for the most part. However, I just sold my holdings the other day for profit. Looking at the charts and trend it doesn't look like a good time to buy with the market topping out. So, I am playing the market down for time being and hope to get back in when the time is right.
 
Posted by TraderJones on :
 
You all could be right. I actually shorted NFLX yesterday, wasn't looking to good for me early today but I'm in the green now, hoping to get something out of it.
 
Posted by TraderJones on :
 
Just took profit on my short from NFLX...just 2% but I'll take it considering it was so stinkin high this morning.
 
Posted by BooDog on :
 
$VIX is picking up momentum, futures green. Thought we might have a better chance for a deeper dip. More volatility to keep us guessing.
 
Posted by TraderJones on :
 
market droping, are we going to actually see a red Friday??? It's been green 5 Friday's in a row.
 
Posted by Morpheus on :
 
gotta love the action here
http://investor.sirius.com/secfiling.cfm?filingid=930413-10-4964

I will cut my holding in half near the close...Im thinking a pullback after today is very likely
 
Posted by TraderJones on :
 
I'm thinking your right. A pullback on SIRI is looking likely to me too. especially concidering earnings aren't for another month. Good stuff in that report though. I like that pic of the giant Oprah in it....much bigger than the other people in the pic, you think she had something to do with that???....geeze I don't like her.
 
Posted by BooDog on :
 
anyone looked into LVLT? putting it on my pincher radar also. Seeing some dilution but thinking it may possibly have an itch of a chance of survival.
 
Posted by Morpheus on :
 
just bailed on all DRN at 48.24...taking profit into the close..monday will be anybodys guess
 
Posted by Morpheus on :
 
got 5k JOEZ at 1.93 on the close
 
Posted by Morpheus on :
 
im all out JOEZ 2.03...yeah
 
Posted by BooDog on :
 
quote:
Originally posted by Morpheus:
im all out JOEZ 2.03...yeah

nice call Morpheus. I was looking for it to dip a bit lower before the bounce, especially with the market diving.
 
Posted by Morpheus on :
 
DRV long 22.95 pow
 
Posted by Morpheus on :
 
POS kinda day....market down...DRV down...hmmmm
 
Posted by BooDog on :
 
LVLT news http://finance.yahoo.com/news/President-Obama-Names-Level-3-bw-3941044175.html?x =0&.v=1
Chairman of National Security Telecommunications Advisory Committee
We'll see if this helps make the pinch or not. After hours was looking to lead into a dip into the .80's tomorrow before the news. ah closed at .975 +.016.
 
Posted by rajthebam on :
 
drv looks ripe
 
Posted by rajthebam on :
 
in DRV at 22
 
Posted by Morpheus on :
 
buy the rips..sell the dips...sold all longs xcept SIRI...sold half my holding 1.29...only 50K left..I added 20% to my DRV at 21.80....looking for market pullback here at plus 160...f those m fn f tards
 
Posted by Morpheus on :
 
hold on...reverse that...sell the rips...buy the dips...i was typing way too fast...
 
Posted by sju1973 on :
 
Damn, my FAZ stopped out at 12.61. Made $100 in the end, lol. I hope to get back in tomorrow at a decent price.
 
Posted by rajthebam on :
 
sju can you explain "stopped out" i have never done this.....
 
Posted by sju1973 on :
 
I had a "stop" sell set at 12.60.

I bought FAZ the other week at 12.50. When the share price went above 13.00 I set a "stop" sell at 12.60 to protect my original investment. If and when the share price hit 12.60, a market sell order would be placed automatically. This happened today and all my shares sold for 12.61.

There are various "order types" you can choose from when you buy or sell a stock. Here is a link to some basic descriptions:

http://www.solerinvestments.com/Online-Trading/Stock-Market-Order-Types.htm
 
Posted by rajthebam on :
 
appreciate the info SJU. it looks like a good strategy...if you buy a stock at 12.50 and if it goes above 13, you can set up stop at 13 and almost guarantee yourself 13 sell if it tries to dip below, it gets sold at 13 - sounds like good ploy to me
 
Posted by sju1973 on :
 
Yes, but there are a lot of small intricate details in each order type.

For example, in a regular stop order. The stop will becoame a market order at 13. In other words, it will sell at whatever the market price is at that time. It is posssible for the price to fall well below the 13 stop you have set and sell for less. The answer to that is a stop limit order. With this order you can set a stop for emample at 13.05 and you limit at 13.00. The stop will trigger at 13.05, but will only sell 13+.

There are a lot of scenarios and intricacies involved in each order type. It's best to read and educate yourself as much as possible.
 
Posted by rajthebam on :
 
will do.
 
Posted by Morpheus on :
 
well...I must have been delirious...cause im all out of SIRUS...sold my last at 1.30...will be playing the "Howard Stern" play somewhere in the near furture..it will be interesting once that announcement hits the news, no particular date, they are keeping everybody guessing.....hmmmm
 
Posted by TraderJones on :
 
ALL OUT OF SIRI MORPH??? ALLLL??? holy cow! i don't remember you being ALL out. So what's the potential Howard Stern news that will be coming out?? I'm guessing they are going to watch the charts just like we do and wait for a good dip in between here and earnings and then let the news out and watch SIRI FLY TO THE MOON!
 
Posted by BooDog on :
 
take a look at DGZ, see the pinch setting up? There's a roll of the dice. see gold take a dip and then watch it shoot up to 1700 by the end of the year - sound like nuts? I was just browsing some charts looking for the right time to pull out before the next big dip on the indices. Certainly a flip of the coin right now imo. Like to see a couple weeks reset after we peak out.
 
Posted by Morpheus on :
 
happiness is...taking profit and then watch what you just sold drop...yea
as for Stern...it is up in the air at this point..SIRI says one thing and Stern says another..he is talking about just broadcasting from his home over internet on his own terms...that would hit SIRI hard for a short term and then it will recover and head higher...im looking to get into SIRI below 1.15 if possible..the market is weird at this juncture...im basically all cash and playing small inverse plays for now..I have more then met my goals for the entire year..and time is on my side for now ...remember my old saying.."When it comes to the market and making money, there is always enough time to loose your money"..im liking BISU after a big string of down days (4 in a row or more0 in the market...patience is critical and let the setups come to you..then go big or go home
 
Posted by Morpheus on :
 
ooops...BISU=BIDU
 
Posted by Morpheus on :
 
the stocastics are looking pretty good on MON...
 
Posted by TraderJones on :
 
My guess is that SIRI will dip down to about $1.08 maybe a little higher than that....we'll see.
 
Posted by Morpheus on :
 
if you are thinking bullish some plays I like are ...MON STLD X SAFM DRI DIS...im on the fence today and going to give it a rest a go on vacation for a while..the market will be there for me later on down the road
 
Posted by BooDog on :
 
quote:
Originally posted by Morpheus:
the stocastics are looking pretty good on MON...

nice pinch there too. interseting. Sometimes i feel like i'm chasing my own tail.
 
Posted by TraderJones on :
 
ABK on the move big time!
 
Posted by sju1973 on :
 
In 1k FAZ this morning at 12.46. Hopefully it won't bite me in the ass!
 
Posted by TraderJones on :
 
Careful Sju, if today stays real flat like it is now, FAZ could stay real close to the open, and, tomorow being Friday we could see another GREEN Friday...6 in a row now. Could be good for you next week, but could be a gamble. Just my thoughts, take it for what it is.
 
Posted by BooDog on :
 
back to 100% cash here on the retirement account. Almost doubled it from last year. If we do manage to go green tomorrow I'll just have to wait for the pull back. Almost certainly will be one.
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
back to 100% cash here on the retirement account. Almost doubled it from last year. If we do manage to go green tomorrow I'll just have to wait for the pull back. Almost certainly will be one.

should have stuck to my analysis. only gave it a 50/50 chance of starting a new rally.
 
Posted by sju1973 on :
 
Thanks for your input TJ. I was at a Microsoft seminar all day yesterday with no computer, so I didn't check in at all. I was checking the market from my phone.

You were right about today being green again. I'm still holding FAZ here. It's just trading kinda sideways at the moment. I will hold into next week and see what happens. DOW at 11000. It really looks like it's time for pullback. Of course, if it busts through resistance and 11 becomes support than who knows. But I feel we will see the pullback.

Gook luck to us all!
 
Posted by rajthebam on :
 
Morpheus r u holding FAZ? what r u long on right now?
 
Posted by TraderJones on :
 
I think Morph is on vacation Raj. I don't think he's holding much of anything right now. I'll bet he is wishing he was still in SIRI though.
 
Posted by rajthebam on :
 
oh ok thx TJ....r u in the market? what abt sju?
 
Posted by sju1973 on :
 
SIRI is crazy dudes. Wow.

Still in FAZ here. Not a good few days for me and FAZ. I'm down about 2% at the moment, not bad considering.
 
Posted by TraderJones on :
 
Not in anything for me right at the moment. thinking about F....getting real close to breaking through their high. I think they will break through it and go higher. Could be 5% or more there for sure.

SJU- it looks like your just about breaking even right now on FAZ. like you said, not bad considering.

i'm absouletely bent that I didn't get in on SIRI this time around. I believe their earnings are coming about nov. 5 or so. Should be a good dip in between now and then.
 
Posted by Morpheus on :
 
out at the track yesterday..there were 9 races...there were 9 winners...I'm twisted that I was not there to bet on any of them??? and today..guaranteed 9 winners...hmmmm
 
Posted by Morpheus on :
 
not loosing money is making money...preservation of capital is critical..
 
Posted by TraderJones on :
 
Green day tomorow??? that is the trend! FAS looked good to me for a rebound so I jumped in at $22.
 
Posted by Morpheus on :
 
my take is this...don't hold your breath..."they" are are conjuring some "bad news" right now...its been a long while since I heard anything negative on on CN-BS...or any other "puppet" news outlets..it seems everything has just been too rosey.. it will be something fo sho ...Im short the market via FAZ long...also to consider...it has been green for way too many fridays in a row now...we are due for a change...IMHO
 
Posted by TraderJones on :
 
I hear ya morph. I'm usually betting on the market falling and actually seeing the Green Friday go red.....but, that hasn't worked for me in a while so, I guess you can call this my Costanza trade.
 
Posted by TraderJones on :
 
hmmmmm....let me try to figure out what Morph is thinking.....told ya so?? I'm not feeling so good, I think I've got a case of the "coulda shoulda's" Shoulda sold FAS at the open, coulda changed it up and bought FAZ. I did do all of those things but was just a little slow at doing so. I've been in FAZ for a while now. Ugly news for BAC and banks in general.
 
Posted by Morpheus on :
 
aaaahhhh....did "they" come out with bad news? pooooor BAC and the rest of the crooks...lets see now...DOW up 70 one day and dow 210+ the next...just the tip of the iceberg??? ..thats my bet...long DRV and FAZ at this point
 
Posted by TraderJones on :
 
BAC headed for the next 52 week low. I hope your right Morph. It's pretty hard to follow the fake news, the bad news and the good news.....feel like I'm on a roller coaster here.
 
Posted by TraderJones on :
 
oh wait.....let me just bundle all of that into one catagory---fake news.
 
Posted by sju1973 on :
 
This market is crazy. I remain long in FAZ at the moment. Why? Well, I guess because I am to scared to get into anything else with the market at this peak level. I know the second I pick something up long, the market will pull back. So, my thinking is that there will be a pull back. The big question is when. Hopefully my patience will pay off.

Good luck to us all!
 
Posted by TraderJones on :
 
sju-just about my thoughts exactly. big ditto. AND, with the green Friday trend finally broken last week going red, AND the way the market is headed now, and for the past hour or so, I think we could see another red Friday......gotta be a pullback.
 
Posted by rajthebam on :
 
i dont know guys i am seeing this market reverse right now.....it almost seems as if 11000 is the new 10000 dow
 
Posted by TraderJones on :
 
Raj-I'm basing a lot of this on BAC, which is one of the leading indicators for FAZ. Take a look at their chart and tell me what you think. as far as what I'm seeing they are headed for ANOTHER low. When they had the chance to break-up, they haven't. They have broken down. That's what I'm seeing anyway. On top of that I just haven't heard any great for BAC or the market. Although still gotta factor in the fake news.
 
Posted by TraderJones on :
 
Morph, Sju....any input??
 
Posted by sju1973 on :
 
I am not really looking at any financial stocks directly as an indicator as I have seen FAZ and FAS not follow BAC and or C for example exactly. However, financials as a whole seem to headed for a pull back as well as the DOW in my opinion, but who knows for sure.

As far as 11000 being the new 10000 for the DOW. I won't buy that until I see a serious break through resistance at 11000. If that happens I guess I will be selling for a loss. Otherwise, I am sticking with my current view that there will be a pull back here around 11000 sometime soon.
 
Posted by TraderJones on :
 
bla bla bla...flat flat flat....atleast it went red. have a good weekend fellas.
 
Posted by rajthebam on :
 
any one care to comment on PBR for LT hold?
 
Posted by sju1973 on :
 
quote:
Originally posted by rajthebam:
any one care to comment on PBR for LT hold?

I say DO NOT hold that Pabst Blue Ribbon for the long term. Drink up my friend!!!! I think I will down a few myself! [Wink]
 
Posted by rajthebam on :
 
ok thx sju....any thing particular u saw why you said that?
 
Posted by sju1973 on :
 
I was just joking with you. Here in Philly, PBR means Pabst Blue Ribbon beer. For example "I got a case of PBR in the fridge".

So, as soon as I saw your post regarding the stock ticker "PBR". The first thing I thought of was Pabst Blue Ribbon beer.
 
Posted by sju1973 on :
 
I actually don't really have an opinion on PBR though. I did look at it. Financials, balance sheet, etc. look good. However, I have never really traded any oil stocks so I have no experience with them. I didn't want to give any bad advice.
 
Posted by TraderJones on :
 
I'm kind of wondering what this election year is going to do to the market..??? It seems like the market just wants to stay high till it's over this coming tuesday. I'm wondering if that's when were going to see a drop and correction in it.
 
Posted by TraderJones on :
 
http://www.facebook.com/video/video.php?v=1152050415425
 
Posted by rajthebam on :
 
oh ok sju....
 
Posted by Happy Valley on :
 
AVNR $4.90...In a few calls here on the dip...
 
Posted by sju1973 on :
 
SIRI and TC big winners over the last two months, nice. TC broke out again on Friday.
 
Posted by R1 Man on :
 
quote:
Originally posted by TraderJones:
ABK on the move big time!

Scott...have to knock your post. I know its a very old post but if you own...I would run for the hills. ABK could file BK. I compared ABK to another stock FBC and saw many similarities. Wonder if FBC is debating on BK too?

Anyways...Congrats to all who still own SIRI. Wish I had my ship filled with it. Just have a small boat of it.

AMRN...just throwing it out there for debate. I have owned this stock for about 5 years. Down lots of $$$ but its in 401k so don't really care. So, who thinks it will go back up substantially? Sure would be nice to see it jump back into the $40's.

Anyways...I have been away for a long time. So haven't paid much attention to stocks. One day I'll be back in action. Been busy with family, flipping cars, sports betting and looking into flipping foreclosures. Way too many houses for sale for cheap. Not enough people with good credit to buy a home and banks want 20% down for those people. So thinking this: get house appraised...mark it down 20% so buyer could put zero down and have 20% equality just signing the sales agreement. That would meet the banks required 20% for less then good credit. Any thoughts?
 
Posted by BooDog on :
 
DNN and URRE have been movin
 
Posted by BooDog on :
 
URZ as well.
 
Posted by Happy Valley on :
 
SIMG $6.64...Another 52wk high today...
 
Posted by R1 Man on :
 
quote:
Originally posted by BooDog:
DNN and URRE have been movin

I forgot all about URRE. Wow...Sure wish I still owned it. I think I had over 10,000 shares at one point. Doh!!

The 3 stocks you just posted...the charts all look the same basically.

So, name some stocks that are blue chips that everyone likes. Range of $12-150 a share.
 
Posted by BooDog on :
 
quote:
Originally posted by R1 Man:
quote:
Originally posted by BooDog:
DNN and URRE have been movin

I forgot all about URRE. Wow...Sure wish I still owned it. I think I had over 10,000 shares at one point. Doh!!

The 3 stocks you just posted...the charts all look the same basically.

So, name some stocks that are blue chips that everyone likes. Range of $12-150 a share.

"Range of $12-150 a share."

Those are on everyones watchlist already.
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by R1 Man:
quote:
Originally posted by BooDog:
DNN and URRE have been movin

I forgot all about URRE. Wow...Sure wish I still owned it. I think I had over 10,000 shares at one point. Doh!!

The 3 stocks you just posted...the charts all look the same basically.

So, name some stocks that are blue chips that everyone likes. Range of $12-150 a share.

"Range of $12-150 a share."

Those are on everyones watchlist already.

I mostly hunt under $5 R1 but I'll try and spread it out a bit more if i find something i like. Watching to see if some start showing a retrace. I'm tempted to sell everything and just wait till after New Years but will likely just shorten my swings even more. Maybe there is a chance for the bears to start taking soome short positions on plays like MEE, LSI, MU and JBL - I don't short so just throwing those out there for you to look at. FAZ seems to be setting up again teasing the bears. I know a couple weeks ago i thought it was just dumb money pushing the market up and left almost everything on the sidelines while everyone else was rakin in the $$. QE2 certainly put a push on things. If it weren't for uranium taking off I prolly would still be shaking my head lol. And now, as I am looking for a retrace we'll prolly take right off for a 12k dow! lmao - don't think so.
 
Posted by TraderJones on :
 
Hey fellas, whatup? been busy doing other things myself. R1-NO ABK for me! When they have been bouncing like they have been I equate it to trouble. and, as we all can see, they are in a BOAT-LOAD! I've been totally blowing it on SIRI. Shoulda have been sticking with them all along like I've done in the past. Hopefully I will eventually get back on track, there's still money in there. I totally picked F a few weeks ago. I said they would go up and easy 5%, look at them now! More like 20%. I'm sure there will be a day that I actually trust my instincts....Damn it!

ROCK ON GUYS!
 
Posted by Morpheus on :
 
life is good cause of these guys..
http://www.youtube.com/watch?v=sWS-FoXbjVI
 
Posted by Morpheus on :
 
im in a boatload NVDA 1t 12.55
 
Posted by Morpheus on :
 
@ 12.55
 
Posted by Morpheus on :
 
NVDA...."F-YEAH"
 
Posted by Morpheus on :
 
ok ...back to my Mai-Tai here on the beach
 
Posted by TraderJones on :
 
you suck Morph
 
Posted by Morpheus on :
 
NVDA..just added 50% of my holding at 13.20
 
Posted by Morpheus on :
 
DRN...long here at 53
 
Posted by Morpheus on :
 
been a trading maniac today..stocks im in now..
bud csco disca nvda vhc ep s kmb meli do and drn..
sell the rips and buy the dips...stocks are on sale today ..hurry hurry hurry step right up,get while it last ...the dow is down 210 now are looking to reverse shortly
 
Posted by Morpheus on :
 
other crap to loose your hard earned mola on..
oln osk wm ek ba wtw mdt pcp msft...take your pick..they are all on the cheep today...back up the truck "beep beep beep beep beep"...its days like today you must take advantage of ...the crap is still near LOD prices...the risk reward has pulled way back...go'head...push that button and then proceed to loose sleep and antagonize 24/7...you gotta luv luv luv cyber vegas
 
Posted by Morpheus on :
 
happiness is....you diversify and all is green [Wink]
 
Posted by Morpheus on :
 
i guess all you other mooks on this thread are on vacation spending you winnings you made from trading the penny stocks...hee hee hee
remember...sell the rips, buy the dips of "quality" names
 
Posted by Morpheus on :
 
a rose by any other name is still a rose...and never forget...."hope" is not a strategy
 
Posted by TraderJones on :
 
Hey Morph, I've been off doing other things but, still paying attention. I'm not able to be here during the day but, I check things out in the morning and evening. Although I always appreciate your advice. So stick around! One day I'll figure all of this crap out and I actually will be MIA---on vacation. I like your advice about "hope". I've always said (in the back of my mind) If your using words like "hope" and "wish" you probably don't know what your doing and you need to re-think your plan. Selling at a loss sucks but, it can easily get worse.

Raj, Sju Glenn where are you weiners at?? Whatcha tradin??
 
Posted by sju1973 on :
 
I'm still in FAZ for the last few weeks TJ. Took the big hit a few weeks ago (I should have known)and I have been holding to see if I can make up for the loss. I will probably close the position for a loss soon if it doesn't move soon.
 
Posted by Happy Valley on :
 
SIMG ripping again today...$6.78 HOD

Took the loss on AVNR... [Frown]
 
Posted by rajthebam on :
 
nothing lately - occupied with some other items - do check in though...i did get in on PBR at 33.68 so we'll see....still holding DRV
 
Posted by Morpheus on :
 
this should be fun....
http://www.thestreet.com/_yahoo/story/10926671/1/sirius-xm-howard-stern-announce ment-coming-today.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
 
Posted by sju1973 on :
 
Definately will be interesting to see what will happen Morph. That type of announcement should cause some short term movement either way.
 
Posted by TraderJones on :
 
Can someone explain to me what the differance is between GM and MTLQQ?? Why is MTLQQ still trading on the OTC, and why did it not become a part of GM?? I've been under the impression that MTLQQ (basicaly) is GM and when they were to be re-listed on the NYSE they would become GM and be trading at whatever low dollar figure that it would push to.
 
Posted by TraderJones on :
 
Appearances can be deceiving. Just take General Motors Co.'s (GM) stock. The last price at which it traded before the company declared bankruptcy in June 2009 was 75 cents. In contrast, its share price at its IPO this week was $33. This has prompted some to conclude that shareholders who persevered in holding their stock throughout GM's bankruptcy turned a very handsome profit. How wrong they are, of course. The shares of the old GM and the new GM are completely unrelated. In fact, shares of the old GM--now called Motors Liquidation Co (MTLQQ) --closed Thursday's trading at just 18 cents each. And it's unclear why anyone would even pay that much for those shares. That's because Motors Liquidations's debts exceed its assets by several orders of magnitude. Ben Branch, a finance professor at the University of Massachusetts in Amherst, who has studied the performance of companies' stocks as they enter into and eventually emerge from bankruptcy, told me that there is "no way in hell that the shareholders of the old GM will get anything of value from their shares other than wallpaper." "They'd have to discover a lot of oil under one of the old GM plants" in order for the shares of the old GM to have any intrinsic worth, he added. Investors who persist in buying the stock of Motors Liquidation--including those who bought nearly 28 million shares on Thursday alone--are therefore simply being irrational, in Branch's opinion. Are investors on any more solid ground when buying shares of the new GM? Perhaps, since for them at least a plausible story can be told in which the company's earnings grow sufficiently to support a rising stock price. So they're not being outright irrational. Still, the historical data suggest that the odds aren't great that such a story will end up with a happy ending. According to Jay Ritter, a finance professor at the University of Florida who is one of academia's leading experts on IPOs, the average company that went public in this country over the last four decades ended up significantly lagging the market over its first several years as a publicly traded company.

I think I found my answer.
 
Posted by Morpheus on :
 
old GM vs. new GM= because "they" are total F-tards and "they" do what the want
 
Posted by Morpheus on :
 
who is in charge around here anyway???

http://video.godlikeproductions.com/video/Quantitative_Easing_Explained

talk about F-tarded morons...something needs to be done, but what?? [Confused]
 
Posted by TraderJones on :
 
Hilarious/scary/true video Morph. And in my opinion---anyone that bought GM at 35 bucks is gonna be waiting a long time to make anything out of it.
 
Posted by R1 Man on :
 
quote:
Originally posted by TraderJones:
Can someone explain to me what the differance is between GM and MTLQQ?? Why is MTLQQ still trading on the OTC, and why did it not become a part of GM?? I've been under the impression that MTLQQ (basicaly) is GM and when they were to be re-listed on the NYSE they would become GM and be trading at whatever low dollar figure that it would push to.

Easy one to answer. Its the same store like K-Mart but listed with a fancy BS addition. I had over $17,900 in KM stock at $0.48 a share buy in thinking that once the BK is over it would be worth mega $$$ Same with Hayes Lemmerz...$10,000+ at $0.02 a share. They both emerged from BK and I got $29,000+ F*'ed.

So the answer is this...its the same company period. However, they change the name slightly, screw everyone and start over with out any debt.

Hmmm...think I could go to court and change my name to Billy from Bill and tell the credit card company, mortgage company and everyone else I am not Bill anymore but a new person names Billy and I no longer owe them debt...that Bill does and he no longer exists.

Hope that helps explain it.

Ohhh here is one I hope someone can answer. When a person files Chapter 7. They get their slate cleaned however...all the creditors now get to give the filer a 1099 form claiming the debt that was written off is now considered income and Taxes are due. So when a company does this...do they owe taxes like general people do???
 
Posted by TraderJones on :
 
Thanks Bill(y). It was mostly cleared up after I did a little research with the info that I posted but, you have clarified it a little further. And, on that note I'm changing my name to Scot with just one T. Ba$^ard$!!!
 
Posted by Morpheus on :
 
its days like today that I feel...
http://www.youtube.com/watch?v=qHDdqubE7zQ
 
Posted by BooDog on :
 
GAP and SIRI on radar.
 
Posted by Morpheus on :
 
i was a buying maniac at todays close..
MO at 24
S at 3.79
CSCO at 19.17
WTW at 34.26
MSFT at 25.24
EK at 4.71
that is about it for now...come on December ..yeah
 
Posted by Happy Valley on :
 
CRM FFIV CMG NFLX CTXS PCLN VMW etc. etc...Still steam rolling shorts...Gonna be ugly when fundies pull the rug on these "growth stocks" [Roll Eyes] ...JMO
 
Posted by Morpheus on :
 
Happy Valley....it has been good times indeed...but all good things come to an end....(that is what they always say) ..hmmmmmmm
 
Posted by Happy Valley on :
 
No doubt Morpheus...Been some parabolic moves this year...Crazy to buy some of these high betas up here, prolly even crazier to short lol...

Wonder how many years worth of net income and cashflows FFIV and CRM will add to their market caps before years end...After all, it is called cloud computing... [Big Grin]
 
Posted by BooDog on :
 
pull backs on GAP, SIRI, DNN, URRE

siri premarket up 10%
Radio Host Howard Stern Stays With Sirius XMat CNBC(Thu 7:33AM EST)
 
Posted by Morpheus on :
 
december so far has been very very good to me...
im up over 12$ just this week alone...I am prety all out of every thing after selling near recent highs yeaterday and today on all holdings...
S out at 4.27..
EK out at 5.42
MSFT out at 27.25
WTW out at 37.62
CSCO out at 19.72
MO put at 24.53
I only have 400 ARG entered near the close today long at 61.87
I will enter SIRI after 4 or 5 days and all the shake and bake has left the news
for the most part...the recent thunder may be getting tired and a retracement is near..IMHO
but ...what about the Xmas rally??? hmmmmm something to ponder...just remember...you gotta luv luv luv cyber vegas [BadOne]
 
Posted by Morpheus on :
 
you just gotta luv luv luv cyber vegas..
Airgas(ARG_) was upgraded at Robert Baird from Neutral to Outperform. $74 price target. Stock should outperform over the next year, even if the APD hostile bid is not successful, Baird said.

go arg gooooo....
 
Posted by Morpheus on :
 
on my hit list...im liking BIG and HSY...nest big down day...im all over em
 
Posted by Morpheus on :
 
"next big" (i got fat fingers) blah
 
Posted by Morpheus on :
 
also...LVS nearing a triple bottom...if you look at the weekly 4 year chart...this could be a great long term hold play after the monday sell off of the market
 
Posted by Morpheus on :
 
just talked to my good ol buddy cramer...
he says, ARG ..back up the truck, all aboard the ARG train, it is leaving the station
 
Posted by Morpheus on :
 
boo dog...hope you bailed on GAP...i do not have it..bk is just around the bend...bummer..double blah
 
Posted by Morpheus on :
 
eeeee doggie.....lately for me its been just like this...december been very very good so far..come on xmas rally...keep on keeping on

http://www.youtube.com/watch?v=ZBeBQJHhIj4
 
Posted by TraderJones on :
 
You rock morph!! wish I had your brains....and money
 
Posted by Morpheus on :
 
TJ...no special tricks...just look for positions that are in a stochastic over sold pattern...
I just took profit on LVS AMR BIG and HSY near their high of today so far...im out all longs for now and just got into DRV long at 21
good setups for now are KSS, FIRE, ASIA, BIG, LVS, PLUG, AMT, MCD..they all look good when the market starts to get strong again..
 
Posted by Morpheus on :
 
how lucky can one guy be???
http://www.youtube.com/watch?v=huKSm0tAvhs
 
Posted by Morpheus on :
 
this is what im talking about

http://www.youtube.com/watch?v=KimlOEQ4DA4&feature=fvsr
 
Posted by Morpheus on :
 
TJ...you should have been thinking most of the day...what is tommorrow gonna be...Friday (it mostly goes up on fridays lately) RIMM ACN and ORCL will be reporting...im thinking that the future bias will be weaker the the "anal-yst" are calling for...and we are ready to break the friday up trend..so tommorrow will be down...its a gamble but this is cyber vegas baby...i added to my DRV long at 21.21 ...that is the way i see it...IMHO
 
Posted by Morpheus on :
 
also...they will be all lover V and MA ..news after the close..im giving them and BBY and few days of BS and then could be a long play on them..but for now im short on the market as a whole
 
Posted by TraderJones on :
 
Thanks for all the advice Morph, I do appreciate it. As far as my situation goes right now, I'm just in a big slump. And In my opinion, the worst time to trade is when you NEED the money. It, somewhat, becomes just plain gambling. In other words, IMO, it's a recipe for disaster. I've heard the best traders don't necessarily NEED the money. Not right away anyway. The times when I was at my best was when I didn't have to make a gain immediately and I was much more relaxed about trading. That and the fact that a year or so ago, the market was a lot more predictable, to me anyway. Plenty of my own thoughts running through my head here, hopefully you can understand some of it.

Rock on Morph! this is what I'm talkin about:

http://www.worldtropicsgirls.com/headers/red-micro-g-bikini.jpg
 
Posted by TraderJones on :
 
quote:
Originally posted by Morpheus:
TJ...no special tricks...just look for positions that are in a stochastic over sold pattern...
I just took profit on LVS AMR BIG and HSY near their high of today so far...im out all longs for now and just got into DRV long at 21
good setups for now are KSS, FIRE, ASIA, BIG, LVS, PLUG, AMT, MCD..they all look good when the market starts to get strong again..


 
Posted by TraderJones on :
 
oops...was trying to post on your original post....anyway.... My question is: I took a look at these "setups" in comparison with the stochastic over sold pattern. I can see what your saying. They all look like they are "setting-up". Although they all look like they could take just one more dip for a double bottom....most of them anyway. I guess my question would be: If you are getting into LVS, for example, at around $40, what are you trying to get out of it?? A certain %?? Or are you waiting for it to get into an over bought pattern and waiting for it to hit a double, or more, top?? What's the strategy here?
 
Posted by Morpheus on :
 
anything above your entry price is always good to get...I just let it ride until me thinks the market is looking to go down...a rising tide raises all ships..you might say..but with my avg 8-12k buy in..a 4%+ is my goal and then give it some wiggle room and let it ride
if you do not already...tune into the rockstar at
www.daytradingradio.com starting at 5am PST..he has great track record and gives great info for free and is very very good and will make you money..just cherry pick his calls and play small positions get in when he does and out when he does...till you get your mojo back
 
Posted by sju1973 on :
 
quote:
Originally posted by Morpheus:
also...they will be all lover V and MA ..news after the close..im giving them and BBY and few days of BS and then could be a long play on them..but for now im short on the market as a whole

Nice Morph. V and MA look like serious buys. I like V the best of these two. I also like your other call on CSCO from an earlier post. Any of these held for the longer term swing trade and you will surely make money. IMO

I'm all in EDZ at the moment playing the market short as well. V is tempting!!
 
Posted by TraderJones on :
 
Thanks for hangin around Morph and giving advice, I really do appreciate it!

Hey Sju-Still around! I was afraid the world swallowed you up.

Keep rockin guys!
 
Posted by TraderJones on :
 
Speaking from my in-experience....V does look good!
 
Posted by sju1973 on :
 
Hey TJ. Yep, still here. I have just been kinda stagnant lately in my trading. Crazy market as of late. I have been scared to go long in anything right now with the market peaking the way it is. I lost some cash on a few bad FAZ bets, but I am working my way back. Still playing bear here in EDZ for now. I really do like V long though.
 
Posted by sju1973 on :
 
YRCW is also looking good since the lawsuit against them was dropped. One analyst said he can see YRCW at 20+ in 2011. Wow.
 
Posted by sju1973 on :
 
SIRI moving again the last couple of days. I always seem to miss the boat on this one.
 
Posted by Happy Valley on :
 
MCP $50.30 [Eek!] ...Grabbing puts here...
 
Posted by Happy Valley on :
 
MCP $49.08...Gonna get flushed eod if it can't hold $49 here...jmo
 
Posted by TraderJones on :
 
HOLY COW IS THIS MARKET EVER GOING TO SLOW DOWN??!! F hit a new high--understandably. SIRI hit $1.74--amazing and I wonder where it's going now. IMO-it's headed toward $2.25+, earnings are toward the end of Feb. Is there a good spot to buy it, will it take a good dip to grab it? My best guess is that it will dip to about$1.48, but if you can grab it in the $1.50 range you would be fairly well off. Overall, I think it would be just plain good to buy and hold indefinitely. They have got a lot going for them and seeing as how they were in the $3 range before the crash, I think they could continue to do quite well for a long time to come. I'm back working so, I can't be here everyday. Not working today though. I check on things in the late afternoon and evening. So what IS this market going to do?? Keep pushing up to 12k?? It sure seems like it to me. I'd love to see a down trend/big correction and jump into FAZ or DRV etc... But, it sure wants to keep pushing up. Any other opinions on SIRI, other good buys and the market??? Shoot them out there.

Good luck guys!! And, Happy New Year!!
 
Posted by R1 Man on :
 
Sold my ARMN at $8.505. Have to wait a few days before I can buy. 401k rules...stupid. But I think I will take a risk and grab 5,000 shares of FBC and 1,000 shares of C. I already have a ton of SIRI.

Anyways...HAPPY NEW YEAR to everyone!!
 
Posted by AJGrano on :
 
Hey guys its been awhile. Got killed playing with short term options back in the summer with SKX then went back to school so I was lacking funds. But for like the tenth time I am back! haha. I guess this thing takes awhile to figure out and you just have to learn from your mistakes. So what did I do for my first trade yesterday? Bought (17) JAN $30 calls of FAS at .76 at the open aka short term options lol. Picked them up at the open yesterday and they're looking pretty good in pre-market this morning and I'm thinking about selling at open depending on how the market moves. I think Fins are going to start to recover pretty fast so with profits (hopefully) I'm thinking about getting longer term calls in FAS & BAC.
 
Posted by R1 Man on :
 
AMRN...I know I sold this stock but it has been volatile the past few days. Might consider day trading this one. I can't day trade with the 401k. Have to wait another day for funds to clear.
 
Posted by AJGrano on :
 
sold my calls for 1.28 today for a decent gain around 1. Market really hasn't done anything for a few hours so I'm glad I got out when I did. Almost debating on jumping into FAZ, but that would just be crazy since we're not getting any kind of pullback in fins right now I feel.
 
Posted by rajthebam on :
 
nice one AJ
 
Posted by R1 Man on :
 
Wish I had pulled the trigger yesterday on C and FBC. Would of got in C at $4.90 and FBC at $1.62. Ohh well....searching for a play. Watching AKS, AA, MT, C, FBC, SIRI, BIDU, NFLX, T.

NFLX...October 7, 2002 it was at $3.29. Today its at $192. That is a 58 bagger. WOW...Sure Wish I had loaded up on that.
 
Posted by R1 Man on :
 
I'm going to wait. Just thinking I can get a better bargain Friday.
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
MCP $50.30 [Eek!] ...Grabbing puts here...

$46.60 LOD...Pig finally coming back to reallity...
 
Posted by Happy Valley on :
 
ISS $20.73...Moving today on light volume...Could pop if it gets picked up here...
 
Posted by Morpheus on :
 
huh...say what??? You all needing some money making picks via the master...ok, here goes...RUN, run for the hills...the market is gonna crash hard...but if you are of the opinion otherwise..this is what im into...BIOD, M, MSO, MOTR, LIZ and FDO... I loaded the boat at the close today and going back to the slopes for some serious parting...see ya in a week ( i hope this crash thing o=holds off a few more days) you might say, Im climbing the "wall of worry".....eeee doggie...you gotta luv luv luv cyber vegas...
 
Posted by Morpheus on :
 
oh yeah...almost forgot... my double great pick with more than twice the mola (50k) into it....ALL
good luck
 
Posted by sju1973 on :
 
YRCW really breaking out the last few days. I really thought about getting in at 3.50 the other day, but was fully vested in other equities. Oh well, shoulda, coulda. You all know how it goes. Anyway, I am watching this on closely though. I really think this one can be a serious multi bagger in 2011. We'll see.
 
Posted by AJGrano on :
 
I added to my call positions in FAS with April 11 $34's and have been adding tons of March 11 $50 call options of LVS. Showed support around the 44.20's and I think its going to run up before they report earnings coming up. They moved the earnings date up so I think thats a good sign because the stock was getting hit pretty hard and I don't think that they would want to move their earnings date up if they were going to report bad earnings. Also picked up a few Aug 11 $100 HES calls for $.96 ...felt like going shopping I guess with that one haha.
 
Posted by R1 Man on :
 
I bought 2,350 shares of C last week at $4.88. I was going to buy AKS instead at $14.50. Definately would of paid $14 even for sure. AKS jumped above $16 this week. All the steel companies jumped.

T...my father's pick. He pointed out the fact that they are paying a 6% Divy making it very attractive for a safe low risk long play. I'm not crazy about T but posting it anyways.

FBC...didn't buy any and happy I didn't. I would of paid $1.62. Sure wish I did buy it the other day at 10 am when it dropped to $1.30s. Stock back at $1.64.

AMRN...you all seriously have to look at the stock chart. Yes I sold out. Over a year, the stock has come back from the grave. It has been very volitle the past month. One day its $9+ the next day its at $7. Go look at the charts on it. Seems like some easy money can be made here.
 
Posted by AJGrano on :
 
I think years from now people are going to be wondering why they didn't buy C at these levels, same with BAC. T's time has come and gone or atleast its not going to see any major growth for awhile IMO...its VZ's time to shine now and they have a pretty decent Dividend if thats the only reason you're playing it (5.3%).

Main stocks I'm watching for awhile: BAC, C, FAS, LVS** (earnings next week!!!), MGM, AA, AKS, AAPL, CAT, HES, FCX, SRZ, ACTC. Unreal day NFLX is set to have, its sickening to think I use to own $80 calls of that only back in August.
 
Posted by sju1973 on :
 
I knew I should have picked up YRCW at 3.50 the other week. I could kick myself. I am still projecting this one to be a big winner in 2011.
 
Posted by R1 Man on :
 
OREX...old stock we played a few years ago. Well, it dropped from $9 range to $2.50. I thought about posting the bounce play when it did drop but the fact that the company had ZERO income. I felt the bounce would be little. Well, I dropped the ball for you all. Its at $3.38 now. That is a 35.2% bounce.

AJGrano, I agree with most of your watch lists. Haven't checked up on HES, FCX, SRZ before but the others a familiar to me. I really like AKS. Think that is my favorite for the fact its around $15-16 and it will likely jump to $22-26 with-in this year. Over time the bank stocks will become nX plays. What the n = will be the fun part. I think 2-5x would be reasonable in a 2 year period.
 
Posted by R1 Man on :
 
OREX...$3.61 close. Now I feel bad I didn't post it when it got KO'd. I think its moving back up for several reasons. Huge price drop. Reports saying their FAT drug still has hope. IMO...too risky!!

You will see me move involved here. Been putting money back in my account plus playing with my 401k again. So expect more out of me.
 
Posted by R1 Man on :
 
Guess OREX investors are confident in a mere possibility of a rejected drug to get approved somehow. However, more testing is required which should take 6 months to years "IMO". So another jump to $3.94...wow. Its up 57.6% from low. Again...sorry for not posting any sooner.

Stock market looks good today. Just about everything is positive.

I don't think its too late to buy C, AKS, F, SIRI (would like cheaper but $2.00 target by MS makes it a bargin), BAC

I haven't done any real searching, just a quick scan here and there. Going to ride my C for a while. In at $4.88.

Superbowl was as I predicted for winner. I'd like to say my OSU guy AJ HAWK won the game on Defense over Michigan's C. Woodson who got a broken collar bone. Just a little fun I will have at work today.
 
Posted by Morpheus on :
 
All the little piggies have come to market...its time to bring this mother down..soooo...im in first buyin of 1k shares DRV just a bit ago at 15.48...
 
Posted by R1 Man on :
 
AOL had a ad played during the superbowl. I just read a news report on AOL. LOL!!! First off I find it hard to believe people still use DIAL UP for internet. In 2003 they had about 27 million subscriptions. Now they have under 4 million. A 86% drop. Now they pay over 800 Million for a news group. LOL!!! Do they really have the DUMBEST CEO's or what. (Man that extra news sure makes me want to drop my Cable 9MG internet for 56k Dial Up...not to mention install phone service in my house which I have NEVER had). I vote AOL as the most wreckless company this year.


Morpheus, Its more like Africa where all the animals migrate in search for food. They keep growing in numbers but getting less to eat. Someone has to drop....The SHORTS are hungry.


Maybe you can answer this question. The market moves up substanially...why did the financials stay put?
 
Posted by R1 Man on :
 
MUST READ in Financials!!

http://www.thestreet.com/_yahoo/story/11001247/1/18-big-bank-dividend-prospects. html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
 
Posted by Morpheus on :
 
added 500 more DRV here at 15.58 with dow currently down 20 at 12212
 
Posted by Morpheus on :
 
those Ftards...im still bear on the market..just a timing thing..added 2 more buy of DRV today near the close at 14.98 and 15...
im wounded by not out
 
Posted by Morpheus on :
 
i gots 4k DRV....i have been accumulating and really loaded up last week wednesday...oh happy day...all it took was a world catatrophe....the dow has been in a tailspin and currently at 11613....sad but true...you gotta luv luv luv cyber vegas [Wink]
 
Posted by Morpheus on :
 
Most of the reasons people go broke is not because they failed to make money but because they spent their hard-earned money on bad investments that went to zero. In other words, they broke Buffett’s rules. actually two rules, stated by Warren Buffett, the greatest investor ever: “Rule No. 1: Don’t Lose Money. Rule No. 2: Don’t Forget Rule #1.”Much more important than figuring out how to add dollars to your net worth is how to avoid losing the dollars you’ve already accumulated. simply put..Not to loose money, is making money..and always always respect the power of cyber vegas
 
Posted by Morpheus on :
 
Most of the reasons people go broke is not because they failed to make money but because they spent their hard-earned money on bad investments that went to zero. In other words, they broke Buffett’s rules. actually two rules, stated by Warren Buffett, the greatest investor ever: “Rule No. 1: Don’t Lose Money. Rule No. 2: Don’t Forget Rule #1.”Much more important than figuring out how to add dollars to your net worth is how to avoid losing the dollars you’ve already accumulated. simply put..Not to loose money, is making money..and always always respect the power of cyber vegas [BadOne]
 
Posted by sju1973 on :
 
Nicely said Morph. I got my ass kicked big time on a really stupid trade a few weeks ago. Now I need to rebuild.
 
Posted by sju1973 on :
 
Picked up RFMD today at 6.36.
 
Posted by Happy Valley on :
 
Huge volume in April SPY 130 puts today...Have your list of pomo money bloats ready...Adding puts in some of these pigs if SPY loses 133 here...JMO
 
Posted by Happy Valley on :
 
Puts working out great...Many of the bloats getting taken to the woodshed today...
 
Posted by Happy Valley on :
 
Adding BAC May $14 calls @.39
 
Posted by Happy Valley on :
 
BAC hot out of the gate...May $14's at .48 now...
 
Posted by Happy Valley on :
 
In GDX April $62 puts @.64...
 
Posted by BooDog on :
 
quote:
Originally posted by Happy Valley:
BAC hot out of the gate...May $14's at .48 now...

saw BAC this morning and was thinking many of the fins would have a chance. AIB has been a beast all the way from 2.50. SERIOUS volatility lol. Keeping an eye on FBC to see if it survives or not and DRL as a technical play.

FLAGSTAR BANCORP INC Earnings Call scheduled for Wed, Apr 27CCBN
 
Posted by Happy Valley on :
 
GDX at LOD...

Puts @ .82 now...
 
Posted by Happy Valley on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
BAC hot out of the gate...May $14's at .48 now...

saw BAC this morning and was thinking many of the fins would have a chance. AIB has been a beast all the way from 2.50. SERIOUS volatility lol. Keeping an eye on FBC to see if it survives or not and DRL as a technical play.

FLAGSTAR BANCORP INC Earnings Call scheduled for Wed, Apr 27CCBN

What's up Boo...Fins were strong all day yesterday, sooner or later they need to participate in this rally...Just grabbed back my May 14's at .40...Could'nt resist lol
 
Posted by BooDog on :
 
Happy, take a look at the $VIX, looks like we're headed for some pretty shaky territory again. We'll see, either we break through resistance or we're toast! where's the inbetween?? I know, I'm so negative sometimes...
 
Posted by Happy Valley on :
 
GDX making a new LOD...Puts @ .94 now
 
Posted by Happy Valley on :
 
quote:
Originally posted by BooDog:
Happy, take a look at the $VIX, looks like we're headed for some pretty shaky territory again. We'll see, either we break through resistance or we're toast! where's the inbetween?? I know, I'm so negative sometimes...

No doubt Boo...Like I posted earlier, have your list of POMO money bloats ready...Sooner or later Ben is gonna have to pull the plug on the free money and or raise rates...Some of these will make for once in a lifetime shorts...jmo
 
Posted by BooDog on :
 
quote:
Originally posted by Happy Valley:
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
BAC hot out of the gate...May $14's at .48 now...

saw BAC this morning and was thinking many of the fins would have a chance. AIB has been a beast all the way from 2.50. SERIOUS volatility lol. Keeping an eye on FBC to see if it survives or not and DRL as a technical play.

FLAGSTAR BANCORP INC Earnings Call scheduled for Wed, Apr 27CCBN

What's up Boo...Fins were strong all day yesterday, sooner or later they need to participate in this rally...Just grabbed back my May 14's at .40...Could'nt resist lol
Not much, been playing my usual under $3 plays.
DGLY, CXZ and some others. Still working full time so catching things is a bit touch and go. Keeping the green rolling! [Big Grin]
 
Posted by BooDog on :
 
I forgot to mention, keep an eye on KBH too, looks to be setting up.
 
Posted by Happy Valley on :
 
Keeping an eye on the dry shippers...Looks like there may be some accumulation in the sector...

DRYS, DSX, GNK, EXM, EGLE
 
Posted by BooDog on :
 
quote:
Originally posted by Happy Valley:
Keeping an eye on the dry shippers...Looks like there may be some accumulation in the sector...

DRYS, DSX, GNK, EXM, EGLE

Don't forget about OCNF, SBLK and SHIP, these guys have taken a hell of a beating. And with China raising rates and the state Japan is in it could affect demand.
 
Posted by Happy Valley on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
Keeping an eye on the dry shippers...Looks like there may be some accumulation in the sector...

DRYS, DSX, GNK, EXM, EGLE

Don't forget about OCNF, SBLK and SHIP, these guys have taken a hell of a beating. And with China raising rates and the state Japan is in it could affect demand.
Have them on my Shipper watchlist but I just listed the ones I follow that are optionable...

Grabbing GDX puts again today...April $63 @.58 and .60...Very tight stop...
 
Posted by Happy Valley on :
 
Added VXX calls...April $29 @.66
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Added VXX calls...April $29 @.66

Calls at .91 now...
 
Posted by Happy Valley on :
 
Out 2/3's of GDX puts @ .84...Will let the rest ride for free...
 
Posted by Happy Valley on :
 
Big Ben and the POMO gang saved the day today...No POMO money and this market gets demolished today...If you were watching the SPY and QQQ it was clear as day when the program trading hit...Just gonna keep trading it til June(assuming there is no QE3) then start moving into way out of the money puts in alot of these hyped up and bloated stocks...
 
Posted by Happy Valley on :
 
GDX puts working great...Closed $1.37 today...Really wishing I would have held full position from Friday but hate holding anything over the weekend in this market...
 
Posted by Happy Valley on :
 
Added a few Friday expiration VXX $29 calls for a trade...
 
Posted by BooDog on :
 
take a look at IVAC and IVAN
 
Posted by sju1973 on :
 
Still holding RFMD for now. Hoping for a good few weeks after earnings release.
 
Posted by Happy Valley on :
 
In VXX weekly $29 puts .65
 
Posted by Happy Valley on :
 
Locking in some profits on VXX puts at .90
 
Posted by Happy Valley on :
 
VXX weekly $29 puts at $1.60 now...Nice
 
Posted by Happy Valley on :
 
Added some CSCO $16 weekly calls @ .60 for a trade...
 
Posted by Happy Valley on :
 
VXX at LOD...Puts at $2.06 now...
 
Posted by Happy Valley on :
 
INTC, VMW, YHOO popping AH on E's...

Could be a good day for the QQQ tomorrow...Hopefully CSCO can catch a little of their momo...Still holding a pile of $16 calls...
 
Posted by Happy Valley on :
 
VXX $29 puts should open $3.20's this morning...Beauty from .65 entry Monday...Kicking myself for letting some go at .90...
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Added some CSCO $16 weekly calls @ .60 for a trade...

Out half .80
 
Posted by Happy Valley on :
 
Took the rest of CSCO calls .82...Don't want to get greedy on options that expire tomorrow...
 
Posted by Morpheus on :
 
psssst....."blue peacock loves MSFT at 26.50 and CSTR at 50.50"....that is all
 
Posted by Morpheus on :
 
out CSTR at 57.30...yeah..
been playing LEXG..hottest stock on the planet lately..out at the open 10.30 ..back in at 4 ..out at 6.60..back in at 4.80 and now riding back to the 6.80 level...go man go
 
Posted by Happy Valley on :
 
Watching TDSC @ $38.50's...Fills the gap at $35ish...Will add calls if it can get there...

Grabbed a few RIMM $40 puts...Long shot lottery ticket play...
 
Posted by Happy Valley on :
 
TDSC $37.90's...Started positon here...Will add if it fills gap at $35...
 
Posted by Morpheus on :
 
LEXG, baby, LEX(f-ing)G
 
Posted by sju1973 on :
 
Hey Morph. I actually received a stock pumper mailing last week regarding LEXG. Crazy. I never receieved anything like it. You mentioned it on here a week or so ago, and the very next day it cam e in the mail out of the blue. It was like a full magazine for just LEXG, outlining the company, pictures, everything. As soon as I saw it, I thought I have seen this somewhere!
 
Posted by Morpheus on :
 
sju...I can not find any news on LEXG at all...IMHO this is a pure pump play..all I know is it is a BB stock and it is a mover for sure...NOT an investment play..purely a horse race/roulette stock..do not play with more that you want to loose at one pop..I have been playing 400 shares at a time and have gotten very lucky..go figure...the fact that you got a mailer...that confirms this very well could be a pump and dump...normally I absolutly do not play any "mailer" tip stocks..they always loose..but this just came to me on a thing I heard on benzinga.com so.....WTF not...pure vegas play indeed
currently my big money is in MSFT, SIRI, M, JCP, and I just picked up KKD at yesterdays close 5.31 so there you have it...
 
Posted by Happy Valley on :
 
Nice pullback here, SPY at 134.20's...Big pomo $ coming Friday-Wednesday...Might be a good time to add a few longs for a trade...JMO DYODD
 
Posted by Happy Valley on :
 
SPY Bouncing, cracking 135.15 here...Nice
 
Posted by sju1973 on :
 
quote:
Originally posted by Morpheus:
sju...I can not find any news on LEXG at all...IMHO this is a pure pump play..all I know is it is a BB stock and it is a mover for sure...NOT an investment play..purely a horse race/roulette stock..do not play with more that you want to loose at one pop..I have been playing 400 shares at a time and have gotten very lucky..go figure...the fact that you got a mailer...that confirms this very well could be a pump and dump...normally I absolutly do not play any "mailer" tip stocks..they always loose..but this just came to me on a thing I heard on benzinga.com so.....WTF not...pure vegas play indeed
currently my big money is in MSFT, SIRI, M, JCP, and I just picked up KKD at yesterdays close 5.31 so there you have it...

Thanks Morph. Yes, I knew LEXG is definately a pumper play. Especially, after I got the mailer! I never got a mailer like that before. Anyway, its good to see you played it right and made some cash! I tip my hat to you.
 
Posted by Morpheus on :
 
out LEXG at 6.50...Cha Ching..gonna watch this for a pullback tommorrow thursday..
 
Posted by Happy Valley on :
 
Trade em baby...

You are certainly one to watch on these boards...JMO
 
Posted by Happy Valley on :
 
TDSC $39.55...Breaking yesterdays highs...Holding for much more here...DYODD
 
Posted by sju1973 on :
 
SIRI is on fire the last 8 months or so. Great year for them. Morph are you still in this?
 
Posted by Morpheus on :
 
sju...I just sold the last of my SIRI at the close today...2.21 ...I been playing a little LEXG and getting lucky so far...I think the market as a whole is pulling back so I picked up more DRV and will wait to see...
 
Posted by Happy Valley on :
 
Was kind of a crazy day, VIX was all over the place...Second day in a row it failed to break and close above the 50 day...Today was the first of four straight big POMO days...So who knows where we go next week...

On the same page with you Morpheus but I'm thinking maybe after May opex...Hard to tell what tricks Bennie has left up his sleeve heading into June and the end of QE2, all bets are off if he initiates QE3...JMO

Not holding much over the weekend but still long TDSC from $37.90's and RIMM puts up nicely today...GLTYA
 
Posted by Morpheus on :
 
out M at 28.40 cha ching
out KKD at 6.15 cha ching
out JCP at 37.97 cha ching

roll it all into 500 shares JWN 48.52

that is all
 
Posted by Morpheus on :
 
this is where morph has been hanging the last few days in his motorhome and wireless connection...ya might wanna call it a "stay-cation"

http://www.sandpipergolf.com/

http://www.rsm1804.com/

http://www.glenanniegolf.com/golf/proto/glenanniegolf/gallery/gallery.htm
 
Posted by sju1973 on :
 
Damn Morph. I got to get back out to Cali sometime. I had an awesome time out there last summer!

Still long in RFMD here.
 
Posted by Happy Valley on :
 
Watching SSYS here, filled the gap at $36 this morning...Added few more TDSC, filled the gap at $35 ($17.50's split adjusted)...Really like the growth in this sector, gonna be patient with both...DYODD
 
Posted by Happy Valley on :
 
Great day for TDSC on it's first day trading under the new symbol DDD on the NYSE...SSYS @ $34.65 should follow DDD and FARO...jmo dyodd
 
Posted by Happy Valley on :
 
FARO breaking $44.95 new 52wk highs...Nice
 
Posted by Happy Valley on :
 
RIMM in a free fall now...
 
Posted by BooDog on :
 
Hey Happy, haven't had much time lately - who does right? Hope all is well.

take a look at some of the solars.

Solars setting up for a come back...
I put these on watch late yesterday so the prices may be a bit off.

potential pincher WFR 9.06
JASO radar 5.15
potential pincher TSL 19.20
potential pincher LDK 6.80
potential pincher YGE 7.75
double bottom STP 7.40
 
Posted by BooDog on :
 
WFR was downgraded.
 
Posted by sju1973 on :
 
Hello all. I figured I'd check in this morning. It's been pretty quiet around here the last few months. Not much trading for me either. Still holding RFMD here. Good luck to all!
 
Posted by R1 Man on :
 
http://gizmodo.com/5811629/new-cable-technology-promises-45-gbps-download-575-mb ps-upload-speeds

Read this. I think I owned this company and sold it back in Winter. WOW!!!!

Anyways...I've been very busy lately. Selling Koi fish. Taking care of my son. Running for office which I won Executive Board at my local union. Road trips to buy more Koi to sell. Far behind on chores around the house. Too many projects going on at once. But Saturday I get a 2 week vacation. [Smile] Once Koi season is over, I'll dump my money back into stocks. Spent $9,800 on them since March 19th. Crazy but cool hobby.

So stocks to poke at:

FBC...worth the risk at the cheap prices.


Lets look back at some stock picks from last year:

CAT...was less then $25 I believe. Now over $100.
CTSH...was at $20 range...now over $70.
AA.....was at $7...think its around ????
CAR...was less then $2...now hmmm....$13??? too lazy to look.
LVS...was around $16....now over $40
MGM...was around $3....now around $15....I think
JDSU...was at $9....now around $20+
F....Was at $1.05...now around $15
APPL...Was less then $70...now hmmm....$200-300ish.

Needless to say, we had some awesome opportunities. Just think...the market still never recovered yet. Still lots of up trend.

I still like steel companies...still bargain prices. MT, AA, X, AKS, URRE, TC, forgot them all.

Yeah I'm rusty. But very pleased to see all of you on here!! Come fall I will bring a new guy aboard. He is a seasoned day trader and options trader. Hell....he might be on here already. But you will see me back in full force very soon. Been getting my ducks in a row. [Smile]
 
Posted by R1 Man on :
 
ARRS is that ticker. If they do in fact get the new modem running like they say, this thing will blow through the roof. Easy $30-40 range. Currently at $10.59.
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
RIMM in a free fall now...

Down another 23% today...Might be time to switch teams and start looking at calls...jmo dyodd
 
Posted by Happy Valley on :
 
quote:
Originally posted by BooDog:
Hey Happy, haven't had much time lately - who does right? Hope all is well.

take a look at some of the solars.

Solars setting up for a come back...
I put these on watch late yesterday so the prices may be a bit off.

potential pincher WFR 9.06
JASO radar 5.15
potential pincher TSL 19.20
potential pincher LDK 6.80
potential pincher YGE 7.75
double bottom STP 7.40

No doubt Boo...When I do get a chance to play I have been pretty much sticking to VXX, SPY and GDX weeklies...More often than not they turn into daytrades rather than swings so I have not been posting quite as much, unless I find something I like for more than a few hours lol...Still very long my 3D printing plays, sooner or later they will all have their day [Smile] ...

Hope all is well with you as well...Keep your pinchers coming, it's always good to see what you are watching...GLTY
 
Posted by Morpheus on :
 
in 1000 SONC at 10.45...that is the play gents
 
Posted by Happy Valley on :
 
Watching AVL, REE and MCP today...Could pop on Lynas news...

http://www.reuters.com/article/2011/06/30/malaysia-lynas-rareearths-idUSL3E7GC1S 020110630?feedType=RSS&feedName=utilitiesSector&rpc=43
 
Posted by Happy Valley on :
 
In July VXX $21 calls $1.06...
 
Posted by Happy Valley on :
 
Added VXX calls .99...I think this week was more about end of quarter window dressing than it was a shift in fundamentals...Also, today marks the end of QE2...JMO DYODD
 
Posted by Happy Valley on :
 
Out VXX calls .90
 
Posted by Happy Valley on :
 
Back in VXX calls...July $20's @ .90
 
Posted by Happy Valley on :
 
DDD...$20 break could light it
 
Posted by Happy Valley on :
 
VXX calls working out now...$1.05 rtq. Holding all into next week...
 
Posted by Happy Valley on :
 
FARO $47.19...New 52wk highs
 
Posted by Happy Valley on :
 
DDD $22.70...$20 break last week was big for this one...SSYS is the sympathy play here... Should follow if DDD momo continues into earnings...jmo
 
Posted by Happy Valley on :
 
VXX calls in the money pm...
 
Posted by Happy Valley on :
 
Out some VXX calls...$1.30
 
Posted by Happy Valley on :
 
VXX $21.50...Out the rest of July calls...
 
Posted by Happy Valley on :
 
AVL $6.37...Long calls
 
Posted by Happy Valley on :
 
SPY closing in on the 50 Day here...AA E's after the bell...

So mad at myself for not holding some of my VXX calls...Usually ride freebies after they are deep in the money but not this time... [Roll Eyes]
 
Posted by Happy Valley on :
 
JPM $39.38...In a few calls here before eod...E's Thursday
 
Posted by Happy Valley on :
 
AVL $6.65 HOD...Calls in the money
 
Posted by Happy Valley on :
 
JPM cracking $40...Taking 40% here on calls
 
Posted by Happy Valley on :
 
In Friday exp. GDX $60 puts @ .78 & .80...
 
Posted by Happy Valley on :
 
DDD $23.56...Ripping again today, unreal that people were selling this at $17 after the split...
 
Posted by Happy Valley on :
 
All out GDX puts .98...
 
Posted by Happy Valley on :
 
Grabbing VXX puts into the close...
 
Posted by Happy Valley on :
 
Out remainder of JPM calls +60%...
 
Posted by Happy Valley on :
 
Took the loss on VXX puts...VXX and SPY both green, lots of hedging going on here...jmo
 
Posted by Morpheus on :
 
sometimes you feel like a nut...sometimes you dont...Me? I feel like a one of the masses at the beckon call of the DOT
http://www.youtube.com/watch?v=PdUFqE0k00M

enjoy
oh and by the way...go GOOG go ....BIDU is up next monday am...as are many great profit reports...green baby green is the call of the day...IBM AMZN HAL VMW AXP..take your pick friend, take your pick...Im AlL in long
 
Posted by Happy Valley on :
 
In GOOG 600's @.70...Expire eod...Been churning here over an hour, gonna break one way or the other...jmo
 
Posted by Happy Valley on :
 
Out all GOOG calls .95
 
Posted by Happy Valley on :
 
Long IBM calls here...Bull flag break building and E's next week...
 
Posted by Happy Valley on :
 
Long V calls...
 
Posted by Happy Valley on :
 
Out some IBM calls +70%...Still holding a pile of freebies for E's...
 
Posted by Happy Valley on :
 
DDD $25.14...Patience paying off here
 
Posted by Happy Valley on :
 
Out some more IBM calls +250%
 
Posted by Happy Valley on :
 
In AMD Oct. calls...
 
Posted by Happy Valley on :
 
AMD popping here...$8.00 break lights it jmo...
 
Posted by Happy Valley on :
 
Out half V calls +75%
 
Posted by Happy Valley on :
 
Long LLTC calls...
 
Posted by Happy Valley on :
 
Long AVL October calls...
 
Posted by Happy Valley on :
 
Long LLNW September $5 calls @ .65
 
Posted by Morpheus on :
 
has anybody seen my ass ??.... seem to have lost it
 
Posted by sju1973 on :
 
Charts look ugly Morph. I feel it too. Still holding RFMD here, but that's it. Seems to holding it's own relitively speaking for now. I think it will be a good position if and when the market turns up a bit. Good luck to all! It's tough out there right now.
 
Posted by Happy Valley on :
 
Watching AAPL here...Bounced off the 50dma last two days for monster swings in the weeklies...

http://stockcharts.com/h-sc/ui?s=aapl
 
Posted by Happy Valley on :
 
In AAPL $385 calls @ $2.71...Will add if we get down to the 50dma @ $355's...
 
Posted by Happy Valley on :
 
AAPL at HOD and taking the QQQ with it...Calls @ $4.00 now...
 
Posted by Morpheus on :
 
OUCH....
I need the humor Raj to cheer me up...he always puts a funny out there to cheer you up..Where are you? Have you figured it out? the important thing in trading is timing and direction...not the price
 
Posted by Morpheus on :
 
My AONE 10000 shares and the 25 sept 3 buck calls I just picked up yesterday, Wednesday, are putting a smile on my face...(more than a double, and continue to rise going forward)...go man go..
I in KSS, JCP and gonna grab front month, JWN and NVDA calls near the end of the day today..yeah
you just gotta luv luv luv Cyber Vegas
 
Posted by Happy Valley on :
 
Out some AAPL calls $4.80...This one just made my month...
 
Posted by Happy Valley on :
 
In EK September 3.50's@.28
 
Posted by Morpheus on :
 
HUH!! .....my story? It was NEVER easy for me..

http://www.youtube.com/watch?NR=1&v=Qtmi4Nc-3dE
 
Posted by Happy Valley on :
 
Man, quiet around here lately...Hope all are well...

AAPL still doing its thing, this stock has been awesome the last couple of months...Monster swings in the weekly and front month calls every time it has dipped and bounced off the 50dma...

Also grabbed DNKN calls yesterday...Strong the last few days...GLTYA
 
Posted by Happy Valley on :
 
Out all longs heading into Fed...Adding some weekly C puts for a trade...
 
Posted by Happy Valley on :
 
C at LOD, puts up 100%...Good work Bennie!!!
 
Posted by BooDog on :
 
quote:
Originally posted by Happy Valley:
C at LOD, puts up 100%...Good work Bennie!!!

nice going Happy!
watching from the side right now myself. futures back down around 10,8. Some crazy volatility!!
See if we get our fall rally before Turkey Day.
 
Posted by BooDog on :
 
quote:
Originally posted by Morpheus:
HUH!! .....my story? It was NEVER easy for me..

http://www.youtube.com/watch?NR=1&v=Qtmi4Nc-3dE

very funny Morpheus!

Will Hunting had it right 14 years ago
http://www.youtube.com/watch?NR=1&v=l8rQNdBmPek
this is great!
 
Posted by Happy Valley on :
 
C puts up 600%...Financials extremely weak today...Bots will bury them EOD if they don't bounce soon...
 
Posted by Happy Valley on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
C at LOD, puts up 100%...Good work Bennie!!!

nice going Happy!
watching from the side right now myself. futures back down around 10,8. Some crazy volatility!!
See if we get our fall rally before Turkey Day.

Whats up Boo???Bout time you popped in here lol...Hope all is well with you and yours...

Bernanke can keep rates low but he can't force people to borrow...What does he have left in his war chest if Greece defaults???We need a real jobs plan, unitl that happens I think a DOW 10k test is inevitable...JMO
 
Posted by Morpheus on :
 
Boo...good stuff on the will hunting, so true.
its days like the last 3 that make you money...picked up ODP at 1.95 and VHC at 16.78 , contiune to hold FAZ thru tommorrow I guess..I know its contrary to my longs now, but its a good hedge...the "friday weekend scare" otta do the trick..if the market tanks some more,I pick up mola on FAZ and then at some point, bail and double up on ODP, VHC, S, SIRI, ISRG and FAS....Im thinking by EOD Monday 9.26.11 ..you gotta luv luv luv cyber vegas and God Bless the USA
 
Posted by BooDog on :
 
Hey you guys, cheers. Been crazy busy and only able to trade part time. Looking to go back in 100% on my retirement soon. Only made 19% on it this year, down from 25% last year so being busy has kept me from doing as well as i wanted to, but thats life eh? Still, green is green! Still have a couple longs that are hangin by a thread and buying a couple more here and there. urre for a flip as a pincher/gamble.
Good luck you guys!
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
C puts up 600%...Financials extremely weak today...Bots will bury them EOD if they don't bounce soon...

Taking 10 bagger on half...Bots should bring the dow to new lows shortly...JMO
 
Posted by Happy Valley on :
 
There go the lows...Bots got financials by the throat now, last half hour is gonna be brutal...
 
Posted by Happy Valley on :
 
In GLD next week exp calls...$165's @ $3.00
 
Posted by Morpheus on :
 
at these levels the 7 top stocks i like
ISRG JCP BAC DELL AMZN SIRI GOOG

that is all for today
 
Posted by Morpheus on :
 
picked up VHC at 15.80 just now
lookin to pick SIRI tommorrow...friday in the low 1.40s
biggest drop today on this is a very long time
 
Posted by Morpheus on :
 
in years gone by...when you used to raise a glass or 2...we had Johnny Cash, Steve Jobs, and Bob Hope...those were the days my friend, we thought they would never end..
But today..we have NO Cash, No Jobs and No Hope..

http://www.youtube.com/watch?v=NbZpArimyxY
 
Posted by Morpheus on :
 
oh by the F.N. way..I bailed on VHC after pickin it up a few different lower buy points last week..
15.80...13.35....11.20...12 bucks...12.50...out today at 15.85..
bailed on SIRI too...buy points were 1.46...1.35..and 1.40...out today at 1.55
Im all short now... in big FAZ...will load up more toward the end of the close on "Fear Friday"...waiting for "Anonymous" to make good on their threats 10/10...imagine if you will...a world without Cyber Vegas...hmmmmmm????
Read the tea leaves my friend...and learn to luv luv luv Cyber Vegas...its the american way...God Bless America..
http://www.youtube.com/watch?v=kp9FoiCG6hU
 
Posted by Morpheus on :
 
other big movers of interest that help pay my cadi and mammoth condo payments...
ZZ ZlC ODP and YRCW......play the 7:02 am (pst) reversal and again at 10:35 am...play small, within the proper percentage range for your bankroll (but enough to more than cover the roundtrip commissions, if you are a very small player in this game) buy the dips and sell the rips, good luck to you my friends
 
Posted by Happy Valley on :
 
Jobs numbers took most by surprise...DIA and SPY testing their 50 dma's PM...

Get your option chains ready, gonna be insane action in the weekly's...GLTYA
 
Posted by Happy Valley on :
 
Excellent call on FAZ Morpheus...Days like today are why we play in this crazy azz game...
 
Posted by Morpheus on :
 
I just got home from golfing...a great day indeed all around...about 78 and sunny with great bite on the greens after 2 day of good rain..beautiful
Santa Barbra is truly the "Rivera" of this great country..if you have never been...you must go, it can be done on the cheap if you try, carpenteria and inexpensive hotels 49 per night and nice too right on the beach..i live here so its all good....god bless america and cyber vegas !!!

http://glenanniegolf.com/golf/proto/glenanniegolf/gallery/gallery.htm
 
Posted by Morpheus on :
 
typo..."carpenteria has inexpensive" ..its about 8 miles down the road along the beach..great town..no golf there
 
Posted by Morpheus on :
 
i remain long 350 FAZ with this strong reversal end of day drop looking for a follow thru come monday...i just added another 150 shares after hour trading @ 63.05...still half hour left to go if you care to "gamble" along and roll the dice in Cyber Vegas with Morpheus...good luck to us...so there you go and there you be
 
Posted by Happy Valley on :
 
In C December calls, will add on $30 break...
If fins can hold onto gains after Bernanke speaks, bots could take it there eod...GLTYA
 
Posted by sju1973 on :
 
Sold RFMD for a decent profit. Picked up EDZ.
 
Posted by Happy Valley on :
 
C under $29...Down from $34's 2 days ago....

I am loaded with December calls again...
 
Posted by AJGrano on :
 
haven't posted here in awhile. Loaded up yesterday at the open on FSLR and FCX otm Dec calls
 
Posted by Happy Valley on :
 
C $30.60's...Just an unbelievable stock to trade long/short if you play options...Still holding a ton of December calls from Tuesday...
 
Posted by AJGrano on :
 
got into Dec 28c of CHK at 1.70. down 10% from premarket highs as of right now
 
Posted by Happy Valley on :
 
GRPN opens in about 15 mins FWIW...GLTYA
 
Posted by BooDog on :
 
Double bottom on IPSU @ 5.75.
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
Double bottom on IPSU @ 5.75.

Imperial Suspends Quarterly Dividend and Winds Up Mexican Marketing JVBusiness Wire(Thu, Nov 3)
 
Posted by Happy Valley on :
 
Volume really light in C $30.05, JPM $33.50, WFC $25.26...Won't take much to pop or drop them if bots jump in eod...jmo
 
Posted by R1 Man on :
 
I'm back!!! [Smile]

Time to do some good DD for everyone.
 
Posted by R1 Man on :
 
Day traders:

CTC Jumped up 103% today.
DEXO Jumped 32.36% today. Should be very crazy all week.

Swing Traders:

MT I still love this stock. At $16.79. I give it easy $20. So 19.1% gain.
X
AA
F $10. I give it $12-14 with in 1-3 months.
BAC...Uncertain. Sure it will move back up to $10 but under fire.

There is so many great buys out there. WOW!!! I think its pretty safe to throw darts at just about every stock out there.

So now for some DRAMA: Must read article released today. The DIRTY buyouts...tax payers will be having a fit once they know the truth about it all.

Here is the link:

http://www.bloomberg.com/news/2011-11-28/secret-fed-loans-undisclosed-to-congres s-gave-banks-13-billion-in-income.html
 
Posted by R1 Man on :
 
BAC
MT
X

Father's picks:
CAT....DIVY
DE.....DIVY
BAC $5 in...$10 out
MT $16.50 in...$30-34 out...LONG
Matel...Think its MAT. DIVY stock. I pass though.

I'm leaning at buying BAC. Waiting on money to transfer.

I am debating on doing a 1 week hold trade.

FBC...Flagstar Bank. Its at $0.615. Would dump it at $0.70 conservative...but should be good for $0.75-0.78. Just a risky play with BIG return.
 
Posted by R1 Man on :
 
quote:
Originally posted by R1 Man:
Day traders:

CTC Jumped up 103% today.
DEXO Jumped 32.36% today. Should be very crazy all week.


CTC...DEAD DUCK...STAY AWAY!!

DEXO...Day trader. Hit $1.24...low at $1.01 today. Came out $1.05...ran to $1.24...back to $1.15. I'm sure it will have another run up today. But I will not suggest holding overnight.

I want to do 2 round trips this week before parking on a stock. Get a few quick Bucks. So post up your thoughts on any stocks.
 
Posted by R1 Man on :
 
Just a history lesson. When a stock files for bankruptcy. It usually has a dead cat bounce.

So...AMR. Closed at $1.62 yesterday. Today dropped to $0.20. Now at $0.23. I will likely play this one once my funds clear. If I can get in at $0.27...I will dump around $0.28-0.35.
 
Posted by sju1973 on :
 
Sold EDZ last week for a small profit. Picked up RFMD.

Welcome back R1 Man! It's been pretty quiet around here lately.
 
Posted by R1 Man on :
 
quote:
Originally posted by sju1973:
Sold EDZ last week for a small profit. Picked up RFMD.

Welcome back R1 Man! It's been pretty quiet around here lately.

RFMD has a lot of swings. I like it.
 
Posted by R1 Man on :
 
quote:
Originally posted by R1 Man:
Just a history lesson. When a stock files for bankruptcy. It usually has a dead cat bounce.

So...AMR. Closed at $1.62 yesterday. Today dropped to $0.20. Now at $0.23. I will likely play this one once my funds clear. If I can get in at $0.27...I will dump around $0.28-0.35.

Called it. $0.34 now. DAMN!! Up 53%. Where is my money!!! *******s!!! It will drop again around noon and bounce again. Question is...what will be the new low and high. Hmmm...low at $0.19...high at $0.29. Saying around 1pm low. 2:30 high.
 
Posted by R1 Man on :
 
$0.36 now. Up 62.1% now. Money... [Frown]
 
Posted by R1 Man on :
 
Well, called TDAmeritrade and asked where my money is. They now have a 1 day hold on ACH transfers coming in and 3 day hold on ACH transfers going out. They used to execute my transfers lots faster. Put a deposit into TD before 10:30...money there by for trading by 11:30am. Transfer money to deposit to bank before 1:30pm...money in bank by 3:30pm. WTH!!! [Frown] [BadOne]

At least there is no fees still. :/

Well, good luck all and I hope you made some money off my day trader pick. I know I would of made a couple thousand.

Guess I'll just go play with some of my money in the Casino throwing dice. I'm loving craps.
 
Posted by Happy Valley on :
 
In UNG April calls...Not a real big fan of this ETF but it has tons of liquidity in both the commons/options...With the PM trade so crowded, HFT's could move $ here with relative ease...JMO
 
Posted by R1 Man on :
 
AMR hit $0.38 today around 3:15. I knew it was a good day trader. Sure wish my funds were clear. [Frown] I would of never held the stock for $0.38 but a 71.1% bounce is awesome!! Man, I would of made a boat load of $$$

Wednesday AMR will be a bad day to play safely. Might have some bounces but will average down. This is a DEAD DUCK stock.

I will find a good play in the morning for a day trade, but will buy BAC for long at $5.02. I just want to flip a few stocks before going long.
 
Posted by R1 Man on :
 
Hmmmm....I might day trade AMR. Was at $0.34 premarket...now its at $0.40. Will have to take a closer look. Get an idea if it will be a good play or not. Normally you have a 1 day Dead Cat bounce. The 2nd day, it may still bounce some but usually trends down.

BAC jumped 7.9% premarket. $5.47. $5.07 close.

MT jumped 11% premarket. $18.40. $16.58 close yesterday.

Money is clear now. So I'm officially back in the game. [Smile] I'm looking at making $550 today is my target.

Dow is predicted to be up 268 points at bell. That is a lot.
 
Posted by Happy Valley on :
 
S&P downgrades 37 banks and the market gaps almost 300 in PM...Love this market!!!

VXX weeklies are the play today...
 
Posted by R1 Man on :
 
That is crazy though. If Europe didn't do good today and have some debt relief. Our market would of dropped 200 points or so.

AMR...$0.42 high in premarket. Should drop at open then run back up. Not sure where it will drop to or how high it will get but I like to take the premarket and drop the high a little for sell point.
 
Posted by Happy Valley on :
 
Trying some GDX puts...
 
Posted by R1 Man on :
 
No action yet. Looking at other plays.

Watching:

GLGL...this will be a afternoon trade if I do it. $0.88...out $0.98. But should tank off this week.
 
Posted by R1 Man on :
 
http://finance.yahoo.com/news/Ultimate-Market-Recap-Dow-wscheats-1790492028.html ?x=0

DOWN DAY Thursday I bet. That will work out great if it is.

Still cash only. :/
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
In UNG April calls...Not a real big fan of this ETF but it has tons of liquidity in both the commons/options...With the PM trade so crowded, HFT's could move $ here with relative ease...JMO

And it begins...Sentiment is changing here folks...jmo
 
Posted by R1 Man on :
 
Watch list:

CARV....$12.55. Up $6.45 Thursday. I'm thinking SHORT. Might go up a little bit more but more then likely, next week...it tanks back to $9.

DEXO...Guess it wasn't a DEAD DUCK after all. :/
 
Posted by R1 Man on :
 
RBY...$4.20....add this to swing trades watch list. Lots of peaks. Its peaking now...but lots of potential to make some money if we play it right.
 
Posted by R1 Man on :
 
DEXO will likely be my trade for the day. Watching like a hawk. I have an idea on sell...but bid to get in...unsure so far. Looking to make $0.10 a share.
 
Posted by Happy Valley on :
 
AAPL, GOOG, AMZN all keeping pace with the QQQ...BIDU starting to look tired here at $135.50's...
 
Posted by R1 Man on :
 
DEXO...missed my entry. $1.71. Back at $1.80.
 
Posted by R1 Man on :
 
DEXO...In at $1.70. Last second change...was going to drop it to $1.68. Ohhh well. Exit $1.79
 
Posted by R1 Man on :
 
DEXO...bottom dropped out. [Frown] Will adjust my exit point.
 
Posted by sju1973 on :
 
Some interesting trading today on YRCWD after reverse stock split.
 
Posted by R1 Man on :
 
AFFY....day trade of the day. Up $1.75 right now at $7.00. Should bounce all over today. Just make sure your on the right side of the fence.

DEXO....held it over the weekend. Bid $1.70. Might just be ok. X-ing fingers. Bought at $1.70.
 
Posted by R1 Man on :
 
AFFY...$6.72 now. So we have a base high....sell at $6.85...conservatively. Get in say $6.65.
 
Posted by R1 Man on :
 
quote:
Originally posted by sju1973:
Sold EDZ last week for a small profit. Picked up RFMD.

Welcome back R1 Man! It's been pretty quiet around here lately.

First off Sju1973. Thank you for the welcome back!!

I would suggest dumping that stock now. Your up over $0.60 or so. Divergence line is getting close...so likely will start dropping back down.

AFFY...sorry for any who bought in. Bad call for entry and exit. Didn't follow normal trend.

Sold my DEXO today at $1.77. Made 4.1% I got very very lucky...close today would of cost me at $1.60.

I would of made more if I had went and bought BAC/MT/AKS/X/C/F. Ohhh well...can't complain if your making some $$$ no matter how small of a profit it is.

At this point, I'm taking a back seat to buying any of the stocks I just listed above. I think it will come back down and as much as we love roller coasters....we only like going up with stocks. So, one bad report and the market will drop again 200-300 points. Maybe more...maybe it will continue to go up. But I'm going to be lots smarter and also risky at times. I have a lot of work ahead of me for myself and all of us. Like I said years ago. Working as a team works far better then being on your own...unless your Morpheus. [Wink]

Good luck all and I will be watching the streamer each morning...looking for the next big play.

Thanks again to everyone who has been active and patience with my long awaited return. I hope I can steer everyone in the right direction again. I am a little rusty...so bear with me....and I'm not playing with a Big chunk of money. So it will be very interesting in what I turn my little nest into. I'm excited!!
 
Posted by R1 Man on :
 
PPHM...watch for day trade. $1.35 current. Up 35% because of positive release of study on their drug. All hype...but can make some money. So...premarket thoughts....$1.25 in....$1.35 out. Market open will be the real benchmark. Lets see.
 
Posted by R1 Man on :
 
quote:
Originally posted by R1 Man:
PPHM...watch for day trade. $1.35 current. Up 35% because of positive release of study on their drug. All hype...but can make some money. So...premarket thoughts....$1.25 in....$1.35 out. Market open will be the real benchmark. Lets see.

Did exactly what I said. Dropped to $1.23....$1.35 now.
 
Posted by R1 Man on :
 
PPHM...in at $1.22. Sell exit target is $1.33.
 
Posted by R1 Man on :
 
EASY MONEY!!!! Bought PPHM at $1.22. SOLD at $1.34. Made 9.8%

DAMN.... [BadOne] Sold too cheap. $1.38 now.
 
Posted by R1 Man on :
 
Something I just noticed. Just about every major bank stock is down....except BAC. Short...???
 
Posted by R1 Man on :
 
PPHM...$1.47. So now we have a new high or bench mark. So lets see if we can dip in again. Thinking $1.28 entry...$1.42 exit. Time for a dip.
BTW.... [Wall Bang] [BadOne] For selling $0.12 too cheap. DOH!!!! [BadOne]
 
Posted by R1 Man on :
 
PPHM....$1.53....geez...dropped the ball on this one. Missed out on another 14.75%

So scratch the entry and exit points. 11:30 I think it will tank off a bit for lunch. So how low will it go....$1.30-1.36. I might steer away from re-entry on this one. The stock was over $2 5 months ago. I couldn't find any news on why it jumped up back then besides them saying they would do a trial. Today we get the results and that is why it spiked up 48%. So....will it break into $2. I don't know...but its possible that it could happen in the next week or so. But I'd say once the hype is over...stock tanks.

AMR...$0.65. Somethings up here. Just noticed it spiked up $0.21. Have to check into it and see if there are any $$$ to make.

Morpheus...put the cocktails and golf clubs down. Your missing all this easy money today.
 
Posted by R1 Man on :
 
AMR on Level2 makes me DIZZY [Eek!] That thing is moving so fast...lol. $0.0001 at a time.

PPHM moving down now...$1.40 Hmmmm....how low will it go.
 
Posted by R1 Man on :
 
Going back to bed. Tired of watching stocks. Good luck all.
 
Posted by R1 Man on :
 
quote:
Originally posted by R1 Man:
Going back to bed. Tired of watching stocks. Good luck all.

I'm glad I went back to bed. PPHM dropped and dropped and dropped. Didn't come up much after the $1.50 peak. I likely would of gambled again.

Anyways, hope someone made some money with me. Up 6.23% in 2 trades. We'll see what Wednesday brings.

AMR...does this make sense. First part...they are under Chapter 11 Bankruptcy Protection...which means stock will be WORTHLESS one day. Tuesday they agree to align with British Airways for Trans Atlantic flights. So, positive news. However...stock will still be WORTHLESS. Horrible timing on news. If the news would of came out before the filing, their stock would of jumped and they could of sold stock to buy down debt....preventing a Chapter 11 filing. So...why are people still pushing AMR up??? Its still going to be WORTHLESS.

Ok...off to bed.
 
Posted by R1 Man on :
 
Looks like a down day.

AMR...$0.83 premarket. Geez...might be some free money here. Going to watch...but never hold.

PPHM...might be another pinch of free money. $1.21 x $1.25

Still looking for something volatile.

GALE...up 24% today at $0.67. Might be some free money here. Going to watch. Likely will be my play today.

But I'm still holding out for a long position. I'd like to see the market drop like a rock. When I do go long, it will be BAC/MT/AKS/X/MS and a few others.
 
Posted by R1 Man on :
 
I'm tempted to buy FAZ...been burned on ETF a few times. But if the market drops...it pops.
 
Posted by R1 Man on :
 
Few thoughts.

AMR...$0.77 entry...$0.83 exit.

PPHM...not sure yet....thinking $1.21 entry...$1.28 exit.

GALE...who knows...its stuck on $0.63-0.65.

But entry point should be around 9:38am.
 
Posted by R1 Man on :
 
AMR...$0.97...guess I should of grabbed it premarket at $0.771....up 25.8% from target.

PPHM...$1.18....dead duck it seems like. Hard to watch them all at once with the movement they are going.
 
Posted by R1 Man on :
 
AMR...order in for $0.82. See if I get filled. Selling at $0.88.
 
Posted by R1 Man on :
 
Didn't get filled. Was very close. At $0.94 now. Well, off to get some things done. No trading for me today...unless I get back early. Sure wish I had placed the $0.77 order when it was available. I never thought it would touch $0.99 today. Maybe $0.85-85...but wow.

PPHM and GALE are both duds.

Good luck all.
 
Posted by R1 Man on :
 
AMR...$1.20 HOD...what the hell happened?
 
Posted by sju1973 on :
 
Sold RFMD earlier today for a small profit. Picked up some EDZ.
 
Posted by Happy Valley on :
 
BIDU puts worked out well...UNG calls not so much, holding Aprils so time is on my side....Maybe the EIA delivers another storage surprise tomorrow...

Will be watching FAZ and the big banks next two days...Should be some crazy volatility in the weeklies with news trickling out of the EU summit...
 
Posted by R1 Man on :
 
AFFY jumped $1.40 today. Guess it wasn't a dud.
 
Posted by R1 Man on :
 
Grabbed FAZ at $38.37
 
Posted by R1 Man on :
 
Dumping FAZ today. Maybe at $40.40.
 
Posted by R1 Man on :
 
SOLD...made 4.9% I debated on raising my exit point to $40.50-40.60. Ohhh well...at $40.63 now. LOL

What to buy...hmmmm.....any suggestions?
 
Posted by R1 Man on :
 
Buying MS at $15.40...target exit is $16.75. I picked MS because its dropped the biggest % today. So it should likely have the biggest return.

Still debating on what else to buy.
 
Posted by R1 Man on :
 
MS....Filled at $15.40.

AA....Filled at $9.30. Should of waited a few pennies more. I'm happy.
 
Posted by R1 Man on :
 
quote:
Originally posted by R1 Man:
MS....Filled at $15.40.

AA....Filled at $9.30. Should of waited a few pennies more. I'm happy.

Still holding.

MS exit $17

AA exit $10.48
 
Posted by sju1973 on :
 
Sold EDZ for a nice gain. Back in RFMD.

Good luck to all and everyone have a Merry Christmas & a Happy New Year!
 
Posted by Happy Valley on :
 
BIDU $113's...Let my puts go way to early here...
 
Posted by Happy Valley on :
 
Added UNG calls...
 
Posted by Happy Valley on :
 
Not in yet but watching NKE for puts...Hopefully it gets another push before E's...
 
Posted by Happy Valley on :
 
GDX $51.60's...Beauty on puts from $59's...Love this market!!!
 
Posted by BooDog on :
 
Getting ready for the Santa rally???
 
Posted by BooDog on :
 
DRL pincher. May have a wee bit of dilution against it though.
 
Posted by Happy Valley on :
 
Adding EL to my list with NKE...Puts real soon on both jmo...
 
Posted by Morpheus on :
 
This Is AMERICA!!!

http://www.youtube.com/watch?v=j69Ap4lndl0

F. = ****
E. = everybody
D. = daily

those mofos are out to get us all ...fo sho
 
Posted by BooDog on :
 
messing with ORCL options a bit. I still need more practice but seems like beginners luck so far [Big Grin]
 
Posted by BooDog on :
 
quote:
Originally posted by Morpheus:
This Is AMERICA!!!

http://www.youtube.com/watch?v=j69Ap4lndl0

F. = ****
E. = everybody
D. = daily

those mofos are out to get us all ...fo sho

Nice.
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
messing with ORCL options a bit. I still need more practice but seems like beginners luck so far [Big Grin]

ORCL 26.00 FEB 12 CALLS in @ .92 out 1.18
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by BooDog:
messing with ORCL options a bit. I still need more practice but seems like beginners luck so far [Big Grin]

ORCL 26.00 FEB 12 CALLS in @ .92 out 1.18
Went to 1.30, happy though, my target was only 1.10
[Were Up]
 
Posted by BooDog on :
 
guess the high was at open lol
 
Posted by R1 Man on :
 
quote:
Originally posted by Morpheus:
This Is AMERICA!!!

http://www.youtube.com/watch?v=j69Ap4lndl0

F. = ****
E. = everybody
D. = daily

those mofos are out to get us all ...fo sho

That was a great video. 30 minutes long but now I understand how everything works. [Wink]

Been silent because I bought MS and AA. Didn't sell either when I had some nice profits...then they tanked. AA still down. MS...up 2.34%. Wanted to sell at $17. So in debate now on if I should hold it or sell and buy FAZ.
 
Posted by sju1973 on :
 
Sold RFMD for a small profit. Picked up EDZ.

Pulled the trigger on these maybe a bit too soon, we'll see.
 
Posted by R1 Man on :
 
Happy New Year everyone!!

Up 23.17% since starting back up in December. I want to top 1,000% this year. Going to be a workout for sure....but possible. Sold my AA and MS today. Tired of watching it go up and down and sitting in the middle.

Market prediction for Thursday. Drop 70 points. Hmmmm....come on 500 point drop. I'm also in debate on buying FAZ. I held off today since I have no clue what the market will do at this point. 12,400+ is a big test. Tricky to hold stocks at this point or buy new ones. So gonna wait for a nice dip or a quick play.
 
Posted by BooDog on :
 
Happy New Year R1 and everyone else.

I almost was looking for the drop back too. I think we'll see it soon enough but when I looked closer I was thinking we'd see 12,8 DOW again. Jobs report coming out may inflate things a bit, December isn't a very reliable number imo.
1,000%? Good luck, hope you get there or better. 2011 was pretty good to me, congrats on your 23+%!! [Were Up]

[Good Luck]
 
Posted by R1 Man on :
 
Thanks BooDog. 1,000% is a good target. They say you should always shoot for the moon. If I made 1,000% I would be back in the game for sure where I could buy 3-8 stocks at a time vs playing 3 or less now. Started with $3,000 in December. I'm up $695.30 in just 5 trades. Hard to make money when your a little drop in the bucket. My 401k, I'm sitting on C and SIRI...but I don't count that money since I can't spend it. Years ago, I was playing with $60,000. Lost most of it and spent the rest. So, 1,000% on $3,000 would put me at $30,000. My personal goal is to turn the $3,000 into $8,000 by April. I can see it happening especially since money (buying power) is compounding with each trade. But man...if I made 23% on $60,000. I'd have $13,800 and fly to Cali to go golfing with Morpheus. [Smile] Just watch...I'll be back up there soon.

I'm in debate today on buying FAZ at $34.25ish. Undecided.

Yesterday I had a chance to jump back in MS at $15.44 and decided I wanted in at $15.40 or less. DOH!!! Would of made another 4.4% Ohhh well. I was going to grab AA yesterday at $9.17 and chickened out.

AA...debating on getting back in. If it hits $9. I'm all in. They pay a DIVY this month I believe.

DNDN...wow...I haven't looked at this stock in years. It hit $54+ last year. Bottom fell out and dropped below $8. Now it jumped yesterday and today to $12ish. No idea where it could get back up to. Maybe $15-20. But its a risky duck for me to play with.

Stocks in mind:

CAR
MO
S
POT
DRYS
YHOO
F
GM
AA
AKS
MT
JPM
BAC
C
MS
FAZ
FAS
DIG
DUG
RFMD....just looked...down $1.07. Hmmm...might buy it and sell on Monday. Look for a small bounce.

Trying to buy 1,000 shares of RFMD at $4.50 and 500 shares of AA at $9.10.
 
Posted by R1 Man on :
 
Didn't fill. Well, off to may dinner then work. [Frown]
 
Posted by BooDog on :
 
Very cool R1,
I'll have to post some of mine. I put a few in for a annual challenge on another site (don't win anything but wth). I play the indices for my main $$ but still keep my swing accounts rolling. Nope, still not making the big bucks yet either but keeping myself above water. Dont forget the ******** tax man!! lol i typed in the *'s myself.
 
Posted by R1 Man on :
 
Made some easy money this morning. HMA dropped $2.00+. Grabbed 1,000 shares at $5.00. Then stock dropped to $4.81...kicking myself...then bam!!! $5.22. Sell was set at $5.20. Easy $200.
 
Posted by R1 Man on :
 
Taxes suck for us traders. One year, I imported my tax stuff with Turbo Tax and it said I owed $758,000+++ My heart skipped about 12 beats as if I was a deer stuck in headlights. I had 22 pages full of trades. Owed $251,000 with 2 pages left. Was sweating lakes. So nervous and scared. Lucky for me...last 2 pages were trades involving $30,000-70,000 per trade. So I ended up with a small tax return.

Importing didn't import my entry point. Turbo Tax Deluxe vs Premier is a waste of money to buy Premier. Doesn't do anything special for you unless you have an actual business. Always buy the CD. I tried to cheat and skip the CD last year and got stuck buying the program twice. Pissed me off.
 
Posted by R1 Man on :
 
HMA...Think I will short this stock.
 
Posted by R1 Man on :
 
Didn't short it yet. Was gonna short at $5.30. Now its at $5.16....5.20 now. I'm thinking covering at $5.01 or as low as $4.90.
 
Posted by R1 Man on :
 
Still sitting in the sidelines. $5.50ish now. Glad I didn't pull the short trigger yet. Cover target is $5.25 now. But normally we see a run up then a new low. Here is the run up...but its stuck now. Might pull the $5.50 trigger.

Too chicken. Hit $5.68. I got a better idea. Go back to bed. Can't lose any money doing that. [Smile]
 
Posted by R1 Man on :
 
So happy I went back to bed. Close was $6.07. Next big play is....???? Tell you in the morning. But damn...sold 1,000 shares at $5.20. [BadOne] Missed out on $800+ extra. Glad I didn't short it. I had my finger on the trigger.

So any picks?
 
Posted by R1 Man on :
 
EK (Public Inside News) The suits come as Kodak unveiled a plan to restructure its business. The Wall Street Journal reported last week that Kodak preparing to seek bankruptcy protection in the coming weeks.

That means possible play down the road when they announce the bankruptcy. Stock is at $0.60. When filed...I'm guessing $0.15-0.18 low. With a bounce to $0.25. Ticker EK Eastman Kodak

CROX will likely be hot Wednesday.

Crocs shares sprinted 5.9% higher to $16.89 as the company estimated fourth-quarter revenue will come in at the high end of its $200 million to $205 million forecast, and that revenue is poised to surpass $1 billion on an annual basis for the first time.

URBN...CEO resigns. Could shake the stock price up a bit Wednesday.

IDIX...Very steep slope. Plenty of room to fall but I think it might be good for $1.00 more.


Take a look at this stock. Interesting find.

STD...Look at the % of DIVY. 12.59%. That is a very high DIVY. Making money, don't understand how they can afford to pay such a high DIVY when it seems like they make about $0.20 after the Divy Payment. Seems reckless to me. Stock was at $12 a year ago and $16 2 years ago.

Off to bed.
 
Posted by BooDog on :
 
Just a couple I'm looking at...
some of mine are longer swing plays since I don't do the day trading. And yes, still sticking to the under $5.
BRD getting things together better imo
MWA caught this one pretty good a while ago and started a thread on it.
and some fins NBG - watching this one crazy greece.
AOB, BPOP
XOMA is on my list also but certainly has its issues.
STD, seems they are paying to keep the attention.
 
Posted by BooDog on :
 
I really need to take some time and learn more on options. Looked at CROX options but couldn't even begin to pick a starting point of which call to pick. When I played ORCL I think I just got lucky more than skill since it was beaten down so bad. Still working full time too so have to be even more picky, even with a s/l set I'd still like to be able to watch it.
 
Posted by R1 Man on :
 
Hostess...filed Chap 11. Need to find ticker.
 
Posted by R1 Man on :
 
Hostess, a privately held company

Nevermind.

Guess I called IDIX and URBN right. EK is up $0.06. That is due because they are suing Apple and HTC over patent stealing.
 
Posted by R1 Man on :
 
IVAN...possible play today. Lets see. $1.16 previous close. $1.38 premarket.
 
Posted by R1 Man on :
 
[Frown] Debated on shorting 3,000 shares at $1.37...DOH!!! Wish I did. Would of been $600. Gonna leave it alone. Maybe go back to bed.

EK is stuck in place and not much room to make some $$. It will file and I'm almost 100% sure I can't short it. Would be worth it to do it with Chapter 11 coming soon...so they say.
 
Posted by BooDog on :
 
marking NBG @ 1.68 on paper, ran outta money. Not sure i'd have the balls to play it anyway.
 
Posted by BooDog on :
 
quote:
Originally posted by R1 Man:
[Frown] Debated on shorting 3,000 shares at $1.37...DOH!!! Wish I did. Would of been $600. Gonna leave it alone. Maybe go back to bed.

EK is stuck in place and not much room to make some $$. It will file and I'm almost 100% sure I can't short it. Would be worth it to do it with Chapter 11 coming soon...so they say.

IVAN woulda been quite a trip R1.
EK has pulled the ch-11 rumor a couple times and not filed. Maybe this time they really will. Been a hell of a scalper if I coulda played it.
 
Posted by BooDog on :
 
btw, check the divi on PGH, it can pay for your buy after a bit lol.
 
Posted by R1 Man on :
 
HUN...father's pick. I'll look at it later. Just posting it before work.
 
Posted by R1 Man on :
 
quote:
Originally posted by BooDog:
btw, check the divi on PGH, it can pay for your buy after a bit lol.

I like that one. I'll pass it on to my father. He loves the DIVYs. To me, its another thing to claim on taxes. :/

When ever I get some time, I will look over my old posts and see if I can find all the SEASONAL stocks. I can trade like you BooDog. Just would have to use my 401k. Holding SIRI and C in it. C was presplit at $5.40...so after R/S I break even at $54. YUCK!!! I'm close to running with a loss. Its just sucks trading because I have to wait for funds to clear each trade. Can't cheat it anymore. I had it down so good where I 100% of the time owned something. What I would do is: Sell F and buy GM in the same execution. Then no stupid wait time. After a few years of trading like this. ML called and complained because I was buying stock trade "D" before funds "A" cleared. So they fixed my account...I quit using ML. Just loaded up on SIRI and lots of cash and chilled.

But since I don't really care about the 401k. I'll buy that stock. [Big Grin]
 
Posted by R1 Man on :
 
quote:
Originally posted by BooDog:
marking NBG @ 1.68 on paper, ran outta money. Not sure i'd have the balls to play it anyway.

Better off playing FBC then foreign bank stock....especially GREECE. At least if you lose your money on FBC, you can go walk into the bank and yell at them or call them. I've called a few companies before and told them I was selling over a million shares. I actually tried it once with a stock a LONG time ago. I had so much stock, I could dictate the price movement. (Penny Stock)
 
Posted by R1 Man on :
 
I was thinking SHORT on JASO at $2.08. Stock ran up quite a bit. Nervous about it...for simple fact its high is lots higher. But it just ran up from $1.40ish. So lots of room to fall. Hmmm....???

How about this play. SHORT IDIX at $13 and cover at $11.50 Friday?
 
Posted by R1 Man on :
 
No trading today for me. School suspended my 5 year old. Gotta go pick him up. Stupid!!
 
Posted by R1 Man on :
 
I'm back. Dang...almost shorted IDIX at $13.42. Was pulling the trigger when school called. $12.80 now. [Frown]

Should of shorted JASO too at $2.08. I'm being very careful now. $1.82 now. Down 12.5% That would of been nice to get. Missed $520.
 
Posted by BooDog on :
 
nbg 1.81 hod lmao looks good on my $#!! paper
[Were Down]
 
Posted by BooDog on :
 
quote:
Originally posted by R1 Man:
quote:
Originally posted by BooDog:
marking NBG @ 1.68 on paper, ran outta money. Not sure i'd have the balls to play it anyway.

Better off playing FBC then foreign bank stock....especially GREECE. At least if you lose your money on FBC, you can go walk into the bank and yell at them or call them. I've called a few companies before and told them I was selling over a million shares. I actually tried it once with a stock a LONG time ago. I had so much stock, I could dictate the price movement. (Penny Stock)
NBG was just going to be a short swing play. I agree though, being able to "communicate" with someone is always a good thing. If anyone actually does anymore [Eek!] .
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
Just a couple I'm looking at...
some of mine are longer swing plays since I don't do the day trading. And yes, still sticking to the under $5.
BRD getting things together better imo
MWA caught this one pretty good a while ago and started a thread on it.
and some fins NBG - watching this one crazy greece.
AOB, BPOP
XOMA is on my list also but certainly has its issues.
STD, seems they are paying to keep the attention.

XOMA pushing. Fins don't look that great either imo
 
Posted by R1 Man on :
 
Took a nap. IDIX back up...gonna short it. Set for $13.40. Will adjust to execute while I search for news.
 
Posted by R1 Man on :
 
IDIX...only scary part is MRK wants a Hept C drug and but many have it. However, BMY paid 163% premium for INHX.
 
Posted by R1 Man on :
 
Didn't trade anything.
 
Posted by BooDog on :
 
Sold EMKR 1.13 thinking it would continue its pull back. I'm still a newby! Yesterday I told myself if it didn't break 1.20 to bail. Started pulling back and shook me out. Made my green but still wanted back in after the pull back. Even with a low volume it still seems to follow the markets volatility.
Touched 1.20 today. grrr
 
Posted by R1 Man on :
 
http://finance.yahoo.com/news/kodak-eyes-bankruptcy-cash-citigroup-021839690.htm l

Dang...wish I shorted this one at $0.82. [Frown] Looks like a filing will be soon.

Father's new pick.
NLY Huge DIVY 14%

Other companies like above.
ARR
CIM
IVR
AGNC

We need to make some watch lists and keep track of it. I will look into making a master list for all of us like I did years ago. Give out the log in id and pass.
 
Posted by R1 Man on :
 
MBLX...going to be a day trader today. Easy pickings here. Going to grab some before open and dump on the bell. Maybe $2.70 entry...$3.10 sell.
 
Posted by R1 Man on :
 
Order is in. 1,900 MBLX at $2.70. Exit will be $3.10ish.
 
Posted by R1 Man on :
 
Filled at $2.70. $2.60 now...guess I should of waited. Ohh well.
 
Posted by R1 Man on :
 
Adjusted sell for $2.82.
 
Posted by Happy Valley on :
 
quote:
Originally posted by R1 Man:


We need to make some watch lists and keep track of it. I will look into making a master list for all of us like I did years ago. Give out the log in id and pass.

AZO...Not in yet but looking to play this exactly like I did RIMM last year...Way out of the money crash puts...Do the DD here, not a question of if but when...JMO

http://www.secform4.com/insider-trading/866787.htm

Balance Sheet
Total Cash (mrq): 109.72M
Total Cash Per Share (mrq): 2.79
Total Debt (mrq): 3.35B
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): 0.79
Book Value Per Share (mrq): -34.26
 
Posted by BooDog on :
 
Missed my BRD. Wanted 1.07 but missed.
Closed 1.24
Do your DD. Thinking they have decent potential.
 
Posted by BooDog on :
 
out all next week, hitting the slopes!
Good luck you guys. I'll try and figure out wth i'm doing this year by the end of the month!
 
Posted by BooDog on :
 
This is a competition that started from 30 Dec close for this year on another site i visit. Prices are for 13 Jan. Some may not survive but tracking them. (My picks only).

Symbol Price
mine
CSUND $1.65
ALVR $1.06
BRD $1.24
NEI $1.19
XOMA $1.72

extras I'm tracking
EMKR $1.18
MWA $2.73
ALTR $37.31
BPOP $1.50
DRL $1.21
PTN $0.46
RTK $1.52
NGSX $0.92
DHT $0.80
 
Posted by R1 Man on :
 
Flipped ENER today and made 5%

Looking to buy 12,000 shares of TNCC at $0.32 and sell at $0.35 for a 9.375% gain. Almost pulled the trigger yesterday on TNCC at $0.22. Never thought it would hit $0.42 today. [Frown] This is a play I could get burned big time or make out good. I'd be tempted to buy it and park my butt on it for a few weeks. I'm thinking it will have another run today and hit $0.37 again. Its at $0.3231 right now.

I can't believe how much the market has moved up. I expected Metal stocks to move up but Financials...WOW!!! I almost bought C yesterday as well and figured the market would come down sometime this week. Guess not. Almost feels like you can throw darts and make money on every throw if you hold it over night. Seems like the Euro issue might be resolved for now. So Dow could hit 13,000 in the next couple weeks.
 
Posted by BooDog on :
 
TNCC halted today.
 
Posted by BooDog on :
 
I wouldn't be surprised at all to see a decent correction in the markets this week. Thinking the January kick is over. Almost saw my 12,8 on the DOW though. Close enough for me!
 
Posted by R1 Man on :
 
I never bought TNCC [Smile] TD would not fill my order thank god!!!

Flipped BLRX for a quick $300. [Smile]

Going for a round 2 on BLRX. Order in for 2,500 shares at $5.45. If filled...my heart will be racing...especially if it would drop. But sell would be $5.70 for another $625 profit. [Smile]
 
Posted by R1 Man on :
 
Should of left my order at $5.55 for 2,500 shares. $6.15 now. Missed a easy $1,500. [BadOne] I'm not going to chase it....or not by much.
 
Posted by R1 Man on :
 
These were my day trade plays I was debating on today.

SAPX
CBRX
EDGR
BLRX
TNCC

Would of made money on all 5. But not as much as I did on BLRX. BLRX is red hot today. But I could see it moving up $1-3 more later this week. We will see....but I will not hold over night.
 
Posted by R1 Man on :
 
DAMN....BLRX $6.71 now. WTH!!! Missed the Buss/train/plane/party/etc. Still sitting on sidelines. I should be in bed. [Frown]
 
Posted by BooDog on :
 
Mav alerted me on BLRX premarket yesterday but i couldn't play it. Out and about with my son all day getting him set up for classes. Would have been an easy $500 at least for me [Frown]
 
Posted by R1 Man on :
 
BLRX...gonna play it again. Order in for 2,500 shares at $5.50. Bid $5.58...Ask $5.63....make that 5.60/5.66
 
Posted by R1 Man on :
 
SBSA and CBRX went up a lot yesterday as well.

FBC dropped quite a bit.
 
Posted by R1 Man on :
 
The market is about to open and no fill. I will either wish I didn't buy at open or be kicking myself for not buying. I do plan on selling around $5.70 or higher.
 
Posted by R1 Man on :
 
Ran from ask...got filled at $5.30. $5.16 now [Frown]
 
Posted by R1 Man on :
 
I think I'm good. Sell is $5.50....unless it comes up quick. Back at $5.30
 
Posted by R1 Man on :
 
Throwing up now. $4.95
 
Posted by BooDog on :
 
been really busy so haven't been able to make it here.
looks like the DOW held it 12,6 line, for now.
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
been really busy so haven't been able to make it here.
looks like the DOW held it 12,6 line, for now.

Pretty crazy, almost looks like the market could have a decent break out. Being cautios though. Hate being mostly in cash when things are going up. Patience.
R1, played GBG, OXGN, BRD and a couple others over the last couple weeks. Looking at URRE, GBG and BRD again.
I've still been too busy to post.
Good luck
 
Posted by BooDog on :
 
Oh yeah, played NGSX too, got a bad vibe on the 1st when they announced a $3M placement and sold at a small loss right before it went up about 15%! Glad I bailed though since it didn't last very long. Think they are more of a dilution and hook up their partners more than trying to make a decent company. AH tonight hit a low of .56something. .61 now in AH so could see a dead cat bounce tomorrow.
Stlii keeping TGC and CYCC on my list for now too.
 
Posted by BooDog on :
 
Futures showing a pull back. Who can tell the future though...
 
Posted by BooDog on :
 
missed BPAX, I was looking at it Monday too [BadOne]

BPAX Teva, BioSante Win FDA Approval to Sell Men’s Testosterone-Replacement Gelat Bloomberg(Tue, Feb 14)
 
Posted by BooDog on :
 
CLD 17.04
Cloud Peak Energy downgraded by Barclays CapitalBriefing.com(Tue, Feb 14)
double bottom would be 15.91 if it breaks below 17.
 
Posted by BooDog on :
 
NBG would be a trip if you can track it right. down about 5% pre market. This puppy moves all over the place.

Watching CLWR also.
 
Posted by BooDog on :
 
QuantShares U.S. Market Neutral (MOM)-NYSEArca, really? now Mom is in the market too?

[Razz] [Big Grin] [Eek!]

http://stockcharts.com/h-sc/ui?s=MOM&p=D&yr=1&mn=1&dy=0&id=p73602817304
 
Posted by Frank C on :
 
So where are you finding the stocks or options you are trading?
 
Posted by BooDog on :
 
quote:
Originally posted by Frank C:
So where are you finding the stocks or options you are trading?

Yahoo, click on the options link for the stock like CSIQ...
http://finance.yahoo.com/q/op?s=CSIQ&m=2012-07

unless you're talking to R1. I don't trade options very often.
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by Frank C:
So where are you finding the stocks or options you are trading?

Yahoo, click on the options link for the stock like CSIQ...
http://finance.yahoo.com/q/op?s=CSIQ&m=2012-07

unless you're talking to R1. I don't trade options very often.

BTW, CSIQ - Only 600 shares premarket but could gap up a bit. Up 6% premarket.
 
Posted by BooDog on :
 
This market is really messing with my head!!!

50% cash equities and around 80% cash on my retirement. Media seems to want to try and pump us up to break the 13K dow but I'm just not convinced we should be there yet. One thing though, shorter swings have been paying off.
 
Posted by BooDog on :
 
And of course, futures break 13k.
 
Posted by Happy Valley on :
 
In VXX calls...$24's @ .10 exprire EOD
 
Posted by Happy Valley on :
 
Out VXX calls 8 bagger...
 
Posted by Happy Valley on :
 
In NKE March puts...$100's @ .34
 
Posted by Happy Valley on :
 
Grabbing my first lot of AZO puts...
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Out VXX calls 8 bagger...

Let em go to soon...11 bagger now...
 
Posted by BooDog on :
 
quote:
Originally posted by Happy Valley:
Out VXX calls 8 bagger...

You dog!!

Nice!! [Cool]
 
Posted by Frank C on :
 
Hey so what was up with TVIX today? Falling to $10???
 
Posted by Happy Valley on :
 
quote:
Originally posted by Frank C:
Hey so what was up with TVIX today? Falling to $10???

When Credit Suisse halted new share creation back in February, TVIX could no longer balance the pps with the actual net asset value of the fund...With a fixed amount of shares, TVIX was trading almost like a stock (supply and demand)...Without this balance between the PPS & NAV, premiums and discounts are created with the rise and fall in PPS...When premiums get high enough this is what happens when the rug is finally pulled and everybody is trying to exit through the same small door...

Hope this helps...
 
Posted by Happy Valley on :
 
SPX losing 1400 here...In AAPL $610 puts @.89
 
Posted by Happy Valley on :
 
Still holding a few freebies...Should have dumped them all in $1.40's... [Roll Eyes]

Kinda surprised US markets held up this well after watching Europe sell off all morning...
 
Posted by BooDog on :
 
RAD 1.68 trying to hold the 50dma.
 
Posted by BooDog on :
 
A couple that looked interesting on the chart from surges yesterday CVO and OINK. See how they do today.
 
Posted by BooDog on :
 
look at the bottom trendline for CLWR, 1.52 was right on it.
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
look at the bottom trendline for CLWR, 1.52 was right on it.

ALU looking to dip pretty good now that its divergence is getting more stressed to the negative. Will it see a dip like CLWR did? I had a feeling it would pull back more. My little piece of the pie is looking to get shaved a bit more. In the mean time CLWR looks to start setting up a sideways base.
 
Posted by BooDog on :
 
quote:
Originally posted by Frank C:
How do you watch and actually trade more than one stock at a time?

I have ADD? [Big Grin] [Eek!]

I like diversification. Generally 4 - 5 stocks in play with the other 8,000 on watch. [Roll Eyes] [Wink]
I'm not a daytrader so I can take my time a bit. Keeping a couple in play and a few on the back burner for when their ready.
 
Posted by BooDog on :
 
The sky is falling today. Tomorrow we start our climb to 14k.


[Were Down] [Were Up] [Razz]
 
Posted by Happy Valley on :
 
quote:
Originally posted by BooDog:
The sky is falling today. Tomorrow we start our climb to 14k.


[Were Down] [Were Up] [Razz]

Agreed, I think we have one more head fake rally in May...Will start looking at puts after May opex...Not thinking bout shorts til after FB ipo...jmo
 
Posted by BooDog on :
 
Check your watch list and charts on home builders.
 
Posted by BooDog on :
 
CLWR dead cat bounce potential. 1.30.

CLWR 1.30 -0.10 12,013,250 1.29 1.30 1.27 1.5

analyst downgrade. What do they know really?

lol
 
Posted by Happy Valley on :
 
Report: Facebook IPO set for May 18
http://www.usatoday.com/money/industries/technology/story/2012-05-01/facebook-ip o-wsj/54673188/1

Looks like they may set the IPO date for the last Friday of May Opex...One more push into May expiration???Give me my FB run to set up puts/short entries on the high beta nazzers jmo...

Play the hype but don't be the last one out....Stairs up, elevator down with these FB sympathy plays once the hype fades jmho...
 
Posted by Happy Valley on :
 
DMND....Popped up on a scan today...Stock at $21ish but peeps bidding up the June $29's on Friday...No position yet but prolly worth watching IMO...

Also watching VHC...Have been in and out of this one from sub $5's...Hoping somebody wakes up and adds some more otm strikes on the leaps...Not interested in trading this anymore because of its crazy high beta but would like to sit on some way otm leaps...Most have no clue as to just how valuable their patents are...
 
Posted by BooDog on :
 
Silver, almost a 50% discount from last april. Will it make it to $25?
 
Posted by BooDog on :
 
See if $27 offers support for SLV, slowly setting up for the pincher radar. Slooooowly.
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
See if $27 offers support for SLV, slowly setting up for the pincher radar. Slooooowly.

27.15 purdy close. DOW slowly setting up for a turn too. May sell off close to being finished? Head fake and then we really crash!! Ahhhhhhhh!!! lol


Drama.
 
Posted by Happy Valley on :
 
Grabbed ZNGA May $9's...
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Grabbed ZNGA May $9's...

Added...
 
Posted by Happy Valley on :
 
Out ZNGA calls even...
 
Posted by Happy Valley on :
 
In CRM June puts...I am 0 for lifetime shorting this into E's but a rug pull is long overdue here...jmo

E's tomorrow night DYODD...
 
Posted by Happy Valley on :
 
CRM losing support here at $134.20's..200 MA is in play now...JMO
 
Posted by Happy Valley on :
 
Out half CRM puts for 25%...Will reload entire positon before close...
 
Posted by Happy Valley on :
 
Minimized my risk considerably heading into CRM E's tonight...Very happy with how I played this one today...

Even a blind squirrel finds a nut [Smile]
 
Posted by Happy Valley on :
 
In CRM $145 May puts .89
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
In CRM $145 May puts .89

Out $2's...
 
Posted by Happy Valley on :
 
Back in CRM $145 May puts .90's
 
Posted by Happy Valley on :
 
What a day, I'm still 0 for lifetime shorting CRM into E's (F'n stock is my kryptonite)... Hope everybody made money on the crazy azz swings Zuckerberg gave us today...Facebook IPO was an absolute joke, manipulation at its finest...Fundies threw everything they had at it to keep it over $38...Reminded me of Leonidas and his 299 buddies fending off the Persians at Hells Gate lol...

Anyways, prolly wont be posting much anymore...Decided today I am gonna keep my computer turned off until the Last week of monthly options expiration and the Friday of weekly expiration...Have been tracking my trades over the last two years and today was just further confirmation...I am done with buy and hold, only day trading options close to expiration from here on out...Gotta stick with what works and for my trading style, this clearly does...


Wish you all nothing but success...GLTY [Wink]
 
Posted by Morpheus on :
 
VHC....if you have not been in it like I have for the last 2 years... now is the time to be in it...it is not too late...gonna double any day now
god bless america and always luv luv luv cyber vegas
 
Posted by Morpheus on :
 
VHC....if you have not been in it like I have for the last 2 years... now is the time to be in it...it is not too late...gonna double any day now
god bless america and always luv luv luv cyber vegas
 
Posted by Morpheus on :
 
VHC...do your DD and make the right choice..
Morpheus knows all
im long 2000 ..good luck to us...
 
Posted by Morpheus on :
 
have fun and pick up some "play money"...I have made a few checks in the past week...take my honey out for lobster...gotta luv it

http://apps.facebook.com/superstockjockey

good luck to all and try to beat me just for kicks
 
Posted by Morpheus on :
 
*past weeks...a new game every week
 
Posted by BooDog on :
 
Take a look at MDRX.

may have some life left in it.
 
Posted by BooDog on :
 
quote:
Originally posted by Morpheus:
*past weeks...a new game every week

I'll check it out this afternoon or this weekend.
 
Posted by BooDog on :
 
quote:
Originally posted by Morpheus:
have fun and pick up some "play money"...I have made a few checks in the past week...take my honey out for lobster...gotta luv it

http://apps.facebook.com/superstockjockey

good luck to all and try to beat me just for kicks

Pretty cool. I can't play though since I can't load the games while I'm at work so we'll see if I can make anything happen with pre orders. I'll figure it out! Thanks for sharing!
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by Morpheus:
have fun and pick up some "play money"...I have made a few checks in the past week...take my honey out for lobster...gotta luv it

http://apps.facebook.com/superstockjockey

good luck to all and try to beat me just for kicks


Pretty cool. I can't load the games while I'm at work so we'll see if I can make anything happen with pre orders. I'll figure it out! Thanks for sharing!
 
Posted by R1 Man on :
 
I've been back for a while now. Just been quiet. Having a baby soon and been busy selling Koi. Also installed my 2 new ponds.

Picks:

F......9.10
AKS....$4.90
MT.....$14.00
FBC....$0.86....Reported profits finally. I expect it to slowly double in value.

S...Not sure why Cramer likes this...but screw S.

Anyways, Check back later.
 
Posted by BooDog on :
 
My take on a few. If ATPG weren't looking so gloomy fundamentally I might play it for a pincher. RAD looking like it could give a squeeze. DNN has been making a nice move lately. HERO broke resistance and back over the 200dma. GBG held support also, a long shot for the dead cat bounce (trading about 3 times under book value also. change in management and liquidity issues).
All the indices looking bullish while I was looking for a Friday pull back.
 
Posted by BooDog on :
 
quote:
Originally posted by R1 Man:
I've been back for a while now. Just been quiet. Having a baby soon and been busy selling Koi. Also installed my 2 new ponds.

Picks:

F......9.10
AKS....$4.90
MT.....$14.00
FBC....$0.86....Reported profits finally. I expect it to slowly double in value.

S...Not sure why Cramer likes this...but screw S.

Anyways, Check back later.

Congrats on the baby R1!!!!!!!
 
Posted by Happy Valley on :
 
CRM next week $145 puts $2.80...
 
Posted by Happy Valley on :
 
Grabbed a few UNG calls this afternoon...

HEK $4.64...Taking a much needed breather this week, block buying going on all day here...Watch it jmo
 
Posted by Happy Valley on :
 
Out UNG for lunch money...

Even with Natty flirting with $2.80 looks like this is pegged at max pain...
 
Posted by Happy Valley on :
 
POT $43.84...Almost 2xADV
 
Posted by R1 Man on :
 
I might be quiet but I've been busy. Day Traded QCOR 2 days in a row. EASY $$$MONEY$$$.

FBC broke $1.00 and I'm up big.

AKS...Sold last week at $6.49, bought in at $5.30.

F...Still holding, bought at $9.25 and $9.05.

MT...Still holding. Bought in at $14.50.


My new addition for you.

ARR Pays 16% Divy...well 14.something % now. Great Divy stock to park on.

Everything is doing good here.

By the way....I'M BACK!!!! You will see more of me on here. I promise!!!
 
Posted by R1 Man on :
 
My targets to buy are:

X under or at $20.00.

ARR at or under $7.50.

AKS at $5...if it ever drops again. Maybe higher.

S is on my radar but no decision yet.

AMD is on my radar, undecided.

My fathers favorite is Huntsman. Not sure what the stock ticker is. He has flipped that baby 5 times this year.

I switched my strategy because of my busy schedule so I can buy and park vs babysitting the computer and TV. Lots more relaxing...but the QCOR flips sure were fun. Made $120 in a few minutes the first day. Made $175 in 18 minutes yesterday. Such easy money when a company gets beat down like that. Not sure if I will risk flipping it today. I used 2 round trips in 2 days, only 1 round trip left.

Anyways, lets get this team back together and running.
 
Posted by Happy Valley on :
 
UNG $19.80...

Left a ton on the table here...After yesterday price movement following weekly storage numbers, I thought for certain this was gonna be pegged at $19 for opex...Not happy right now
 
Posted by R1 Man on :
 
I put an order in to buy AKS at $5.00. If I get filled, I will park my butt on it for a while. Hopefully dump it at $6.00-6.50. Even at those prices, I still might sit back and wait for even more.

X I like this one at $19.60. Dump at $22.

QCOR...Not sure what to think...dropped another $10. I don't own it. Debated in buying it to roll the dice and sell Tuesday for $22. After looking at the charts, I've decided its not worth the risk...because it was at $11 2 years ago.

FBC...Hit $1.26 today. :-) Back down but I'm all green in this one and still holding. I don't plan on selling this one anytime soon unless I decide to flip it. Sell high and buy back in when it drops a little.

Off to work.
 
Posted by BooDog on :
 
Welcome back R-1, hiya Happy, cheers.
Still playing the under $5's here.

Watching DRL to set up. Been playing bio's big time. SVNT - looks like they took that one up just to make the options higher for one of their new hires. Dirty pool. Watching for that to set up as well.
MDW might have something left.

I'll try and stop in more often as well.
 
Posted by BooDog on :
 
I was watching AMD too R-1, took my eyes off of it the last week or so. Looking decent now, need to touch up my DD. Take a look at MVIS as well.
 
Posted by R1 Man on :
 
Well, I flipped AKS twice now. Bought in at $5.35 a while back. Sold at $6.49 last month. Bought AKS again a few weeks ago at $5.00. Sold it today at $5.41. Pretty good for the HOD being $5.42. :-) I will likely buy it again on the dip.

S This is on my radar at $4.90-5.00 range. If I buy its, sell point will be $5.20-5.25 for a 4-5% gain.

ARR...Divy stock is doing great. I'm not comfortable paying $7.70...its actually at $7.60 now...but I think today was the buy date to get the next Divy. Had my father buy a boat load a few weeks ago at $7.47. So he is making out like a bandit. I still like this stock though....and AOD...another Divy stock.

MT...I'm confused about this one. I own it at $13.50. Bought a while back. Got a Divy off it but its not moving along with X, NUE, AKS, AA. So that is confusing to me as to what is going on with it.

I almost bought VRNG yesterday but fell asleep at the computer. Would of been in at $4.30-4.35 and sold at $5.00...maybe pushed the limit to $5.25-5.40. Would of been nice....but missed the boat. I almost bought it today at $4.90...very happy I changed my mind.

QCOR...flipped this twice a few weeks ago. Made out great. Today in premarket it hit $22.48. I put an order in to buy it at $21.75...then changed my mind. Then went back and bought it at $21.30. I had my sell at $21.75. It hit $21.74 several times. I dropped the sell to $21.74...21.73...21.72...21.70. Never sold. Now its at $20.90. Could of made $75 when I had the $21.70 order. When I was up over $120...my sell was for $2.20 before I changed it. OOPS!!! Greed got the best of me today...on that stock.

I have a lot of stocks I am watching for quick trades but not going to post anything up yet. Its a quick play where its extremely risky....like the QCOR. However...they put a price target of $24 on QCOR so I should be good to go...plus 35% is short right now. When they squeeze the shorts...the price will jump up. I just don't like being on this side of the fence when it was $17-18 range last week.

Over the past 2-3 months...I've made over 40%. Glad I still have it. New strategy is play it safe for longs and in and out when the getting is good.

Currently own F, MT, QCOR in my day trading account. SIRI, AKS in retirement account. I'm up huge on SIRI and refusing to sell anytime soon.

AMD is still on my watch list....just been playing better opportunities.

Sold FBC last week at $1.13 for a 17.7% gain. Forgot...average was $0.96. Sold because they are doing a Reverse Split at 1 for 10....meaning 10 shares gets you 1 share. Been down that road with C and lost $18 a share on the deal...sucked!! After the split...if it dips down to $9...I'll buy back in. Until then...staying away.
 
Posted by R1 Man on :
 
S....Who would of known it was going to jump 1.00+ today. Really wish I would of sold QCOR the other day because I was buying S next. I wouldn't buy S now with the price its at.

FBC...the 1-10 RS is done now. Stock runs up to $12.30. That would actually be $1.23 pre-RS. Maybe I should of held it after all...??? I still predict it drops in the next several weeks to $9 range. See if history has any truth.

QCOR...wish I woke up early...could of sold it for a decent gain. Now I'm $15.00 in the red. Was $275 in the red the other day.

Never did jump back in AKS. I like playing AKS and X. Easy to make money with them. X is more stable then AKS. X is a buy at anything under $20. Sell at $21.50-22.00 each time.

Well, off to relax before work. Good luck all!!
 
Posted by R1 Man on :
 
ARR...is a buy right now. That is the 14.38% DIVY stock. Its at $7.43. Just a matter of...do I want to buy it and park money or do trades like I do with potential to make more money.
 
Posted by R1 Man on :
 
AMD is now a dead duck. Most analysis put a $3.00 price target.

ARR dropped again...$7.23...debating in buying it.

QCOR...Sold today at $21.50. Made a little but not much. Feel better that I'm out....being down $275 sucked.

I'm clueless into what to buy next.
 
Posted by R1 Man on :
 
Guess I'll sit on the cash and wait. Hopefully we have a market correction so the getting is good.

Enjoy your weekend all.
 
Posted by BooDog on :
 
Nice work R1, looks like you've been busy!
Still flipping the .5's to $3 here. ALU is a buger that keeps sticking to my trigger finger. Played PURE for the pinch.

Been looking at some Ishares to start playing some ETF's for a new strategy since my time seems to keep getting eaten up for my shorter swing plays. EWW is in an interesting uptrend though mexico I think is being pumped right now. I know what you're thinking ~ .5 - $2 plays to $68? Different pot of money and I just saw EWW after writing about buggers so not in it. PBW price range is more my style ~ though that one is one of the worst performing it has been trying to pinch a bit.
 
Posted by BooDog on :
 
AMD price target cut to 2.50 and looking fugly till 2014. Seems hard to pass up now @ 2.24 but i'm watching.
 
Posted by R1 Man on :
 
I'm sitting on 1,100 Shares of AKS, 200 Shares of F, 27 Shares of MT. Debating on selling F and AKS...then day trading CPRX. I had to get my son on the bus this morning...or I would of pulled the trigger already and bought in at $0.50....and Sold at $0.65. Once it drops below $0.60...thinking $0.57. I will dump and load up on it....as long as it does it soon.
 
Posted by R1 Man on :
 
I was gonna pull the triggers but doesn't seem like it wants to move too much anytime soon. Plus I'm tired. Missed the premarket boat. Off to bed. Gonna keep holding everything.
 
Posted by BooDog on :
 
quote:
Originally posted by R1 Man:
I was gonna pull the triggers but doesn't seem like it wants to move too much anytime soon. Plus I'm tired. Missed the premarket boat. Off to bed. Gonna keep holding everything.

looks like you have chosen wisely.
 
Posted by greenbackers on :
 
MIMV best chart under 1...deal with MSFT triggering. http://www.nbtequitiesresearch.com/report/the-windows-app-store-is-brokenand-mim vis-search-and-recommendation-engine-can-fix-it
 
Posted by Happy Valley on :
 
Long AAPL Feb $590's @ $4.90...
 
Posted by Happy Valley on :
 
AAPL...$530 handle hitting PM, calls gonna rip at the open...

http://www.bizjournals.com/sanjose/news/2013/01/10/apples-tim-cook-meets-with-ch ina-mobile.html?ana=yfcpc
 
Posted by R1 Man on :
 
I bought AAPL last week on the DOWN day. Only bought 10 shares for $464.50 a share premarket. Wish I had waited for the market to open.

I bought 500 more shares of AKS at $4.40. I now have 2,500 Shares.

F....Debated on selling at $14.50 last week. I've decided to keep this stock for the following reasons. They doubled their dividend. They have a good product line. They improved their market share. Last and most important...EARNINGS REPORT comes out soon. I think the report will push F to $15.
 
Posted by Happy Valley on :
 
Watch NVTL on $2.00 break...Needs $2.06 with volume to light it...jmo
 
Posted by BooDog on :
 
quote:
Originally posted by Happy Valley:
Watch NVTL on $2.00 break...Needs $2.06 with volume to light it...jmo

Don't you just hate it when you see something that looks decent get stabbed in the back with an offering?
5,500,000 shares of our common stock at an exercise price of $0.50 per share
 
Posted by Happy Valley on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
Watch NVTL on $2.00 break...Needs $2.06 with volume to light it...jmo

Don't you just hate it when you see something that looks decent get stabbed in the back with an offering?
5,500,000 shares of our common stock at an exercise price of $0.50 per share

Offering @ $0.50??? NVTL is debt free and as of November 10Q, they had over $1.70 in cash. Current 10Q should be filed any day...I don't think we are talking bout the same company Boo...

http://www.sec.gov/Archives/edgar/data/1022652/000119312512463324/d398573d10q.ht m
 
Posted by BooDog on :
 
quote:
Originally posted by Happy Valley:
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
Watch NVTL on $2.00 break...Needs $2.06 with volume to light it...jmo

Don't you just hate it when you see something that looks decent get stabbed in the back with an offering?
5,500,000 shares of our common stock at an exercise price of $0.50 per share

Offering @ $0.50??? NVTL is debt free and as of November 10Q, they had over $1.70 in cash. Current 10Q should be filed any day...I don't think we are talking bout the same company Boo...

http://www.sec.gov/Archives/edgar/data/1022652/000119312512463324/d398573d10q.ht m

Doesn't look like it to me either, I trid to find where I got the info, that's what i get for not including a link. Some nice form 13's filed for about 7m shares and Severn River Capital is out.
my miss on this one.
Here's the preliminary fin
http://www.sec.gov/Archives/edgar/data/1022652/000115752313000964/a50572561-ex99 1.htm
 
Posted by Happy Valley on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
Watch NVTL on $2.00 break...Needs $2.06 with volume to light it...jmo

Don't you just hate it when you see something that looks decent get stabbed in the back with an offering?
5,500,000 shares of our common stock at an exercise price of $0.50 per share

Offering @ $0.50??? NVTL is debt free and as of November 10Q, they had over $1.70 in cash. Current 10Q should be filed any day...I don't think we are talking bout the same company Boo...

http://www.sec.gov/Archives/edgar/data/1022652/000119312512463324/d398573d10q.ht m

Doesn't look like it to me either, I trid to find where I got the info, that's what i get for not including a link. Some nice form 13's filed for about 7m shares and Severn River Capital is out.
my miss on this one.
Here's the preliminary fin
http://www.sec.gov/Archives/edgar/data/1022652/000115752313000964/a50572561-ex99 1.htm

I think this is prolly what you read when you were doing your DD...http://finance.yahoo.com/news/novelos-therapeutics-prices-5-5-133000613.htm l You must have thought I was out of my mind when you were checking this stock out [Razz]

Anyways, NVTL worked out well, hit $2.40's from my sub $2 entry...I left some on the table but sill did ok on it...As long as the 50 day continues to trend up, I will be keeping this on the radar for another entry...
 
Posted by Happy Valley on :
 
EDAP $4.50's...Almost 3xADV
 
Posted by BooDog on :
 
take a look at mining and metals ETF's.

mining XME and Steel SLX.
 
Posted by sju1973 on :
 
Anyone out there?? Figured I'd drop a line to see if any of the old gang are still out there trading. Everything has been pretty flat lately, but I'm still in the game. Anyone else?
 
Posted by Happy Valley on :
 
VELT @ .33
 
Posted by Happy Valley on :
 
Watching that $847 level on GOOG...
 
Posted by Happy Valley on :
 
UNG trying to go green...Long weekly calls.
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
VELT @ .33

Out .365...
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
UNG trying to go green...Long weekly calls.

$18.80 HOD...+50% on calls, needs $18.90 break to light it JMO. Still holding all for now...
 
Posted by Happy Valley on :
 
Long CCUR Oct $10's. E's after the bell...
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Watching that $847 level on GOOG...

There it is...Long GOOG Sep 27 $875's @ $11.10...
 
Posted by Happy Valley on :
 
Out GOOG calls @$12.20...Not liking the action here, GOOG and PCLN really lagging the Q's...
 
Posted by Happy Valley on :
 
Grabbed my first lot of USO Puts...Oct. $37's @ .67...
 
Posted by Happy Valley on :
 
Taking 50% on some UNG calls...Not going to hold a full position into tomorrows storage numbers...
 
Posted by Happy Valley on :
 
Took 150% on some more UNG calls...

Added to my USO Oct. $37 puts @ .61...
 
Posted by Happy Valley on :
 
GOOG making a run @ $860...My re-entry price hit yesterday but I pulled it before it could execute...The way GOOG and PCLN were underperforming the Q's really spooked me...Today they are both outperforming in a big way. [Roll Eyes]
 
Posted by Happy Valley on :
 
Out USO puts @.75
 
Posted by Happy Valley on :
 
Kerry scheduled to speak @ 12:30 PM...Stalking CVX Oct. calls here.

http://www.businessinsider.com/syria-john-kerry-statement-attack-chemical-weapon s-strikes-missile-2013-8
 
Posted by Happy Valley on :
 
Long USO on the shakeout...Oct. $40's @ .78
 
Posted by Happy Valley on :
 
Long FIO Jan $14's @ .60
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Long USO on the shakeout...Oct. $40's @ .78

$1.07 now...Still holding good size here, expecting much more...
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Long FIO Jan $14's @ .60

.80 on the bid...Greedy shorts are in trouble here.
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
quote:
Originally posted by Happy Valley:
Long FIO Jan $14's @ .60

.80 on the bid...Greedy shorts are in trouble here.
Out @ $1.00...
 
Posted by BooDog on :
 
$INDU keeps trying to stay over the 20dma.
 
Posted by Happy Valley on :
 
SUTR $2.12...Up on 4xADV last two sessions.
 
Posted by Happy Valley on :
 
Averaged up on USO calls...Oct $40's @ .92
 
Posted by BooDog on :
 
Going to be VERY tempting to put my retirement back to cash today. Made a nice swing over the last few weeks. [Were Up]

My in play list for equities...
CTIX,HXM,ASTM,GGS,OPXA,CPST,STXS

cleaned things up a bit on my watch list's so i have a daily and another for all my others.
 
Posted by Happy Valley on :
 
Out USO calls (-20%)...
 
Posted by Happy Valley on :
 
Long VXX calls...Oct4 $16's @ .67
 
Posted by BooDog on :
 
Back to cash for the most part. Some indicators say the market keeps going. We'll see.
 
Posted by BooDog on :
 
CERE and DNN, watching today.
 
Posted by Happy Valley on :
 
Algo's holding up the markets by hitting the HOD's all week, feels like distribution...I am loaded with VXX calls.
 
Posted by Happy Valley on :
 
Most of the momo names are red/flat...INTC leading the $INDU today, too funny...

VXX holding up well despite the SPX closing in on the HOD. Would not be surprised to see a reversal after the bots get their eod marching orders. JMO
 
Posted by Happy Valley on :
 
Added more VXX calls...
 
Posted by BooDog on :
 
Fry the right short and they come up with something to take it back down.

Coal stocks
http://www.foxbusiness.com/industries/2013/09/20/coal-stocks-fall-on-epa-proposa l/
 
Posted by BooDog on :
 
XOM back under the 200dma.
 
Posted by Happy Valley on :
 
Q's green and FB @ $51 lol...Valued higher than DOW Bellewethers CAT and DD combined. This market has officially lost it's mind.

The VIX and SPX both hovering around HOD. Shows you just how much complacency there is in this algo driven market. If you are buying the dip, protect yourself with puts...Hedge!!! JMO
 
Posted by Happy Valley on :
 
Long ANV...March $7's @ .30
 
Posted by Happy Valley on :
 
Out VXX calls, double on some but modest gains overall. Timing really capped my gains on this one...
 
Posted by BooDog on :
 
CCJ pincher radar. Watching DNN as well.
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
CCJ pincher radar. Watching DNN as well.

CCJ got it in gear, still waiting on DNN. DNN stochastics are just waiting for the right trigger. I would guess from the accumulation and money that whomever wanted in has theirs. now it's just waiting for something new. So close yet so far. Watching the divergence of the average directional index and the percentage price oscillator, starting to show possibilities yet not confirmed enough yet to attract the day traders. Accumulating some @ 1.01 to 1.02 seems fairly low risk to me.

only my opinion.
 
Posted by BooDog on :
 
ARIA pinched, looking for AMRN to set up.

Anything Cramer starts bashing. lol SRPT was on his bash list also.
 
Posted by BooDog on :
 
ARIA drug suspended. Major dip pre market.
 
Posted by BooDog on :
 
Watching AMRN closer. And for a resolution on ARIA. Volatility is where the game is but need to be in and out.
 
Posted by BooDog on :
 
Watching AMRN even closer now @ 1.36

JRCC missed. nice dip.
 
Posted by BooDog on :
 
got some amrn @ 1.37. Still holding GALE, nice boost in revs starting for abstral.
 
Posted by BooDog on :
 
http://finance.yahoo.com/news/top-analyst-upgrades-downgrades-amarin-134544429.h tml
AMRN upgraded to buy
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
ARIA pinched, looking for AMRN to set up.

Anything Cramer starts bashing. lol SRPT was on his bash list also.

SRPT [Eek!] [Eek!] major take down.
 
Posted by BooDog on :
 
nice bounce for ARIA, we'll see if the news stabs them in the back later.

STSI pincher radar.
 
Posted by BooDog on :
 
AMRN 100K @ 1.7671 @ 16:29

wowzers.
 
Posted by BooDog on :
 
GSE, CNDO, GALE, WPCS
 
Posted by BooDog on :
 
$VAC pincher play.
 
Posted by Happy Valley on :
 
Taking some SPY puts here, April $185's @ $2.75
 
Posted by Happy Valley on :
 
Algo's really cranking to fend off that SPY $185 handle...Puts romping, $3.20's now...
 
Posted by Happy Valley on :
 
Watching IBB here as well, look at that sell volume on Friday, this will be wicked when this sector finally rolls over.

Something else to note, check out who the top perfomers of the russell are...
http://www.russell.com/indexes/americas/indexes/fact-sheet.page?ic=US2000

So...What happens to the Russell if the Bio's start to give back gains? Just thinking out loud here, would like to here other opinions...
 
Posted by Happy Valley on :
 
SPY @ $187.70's, looking to test that 5 EMA @ $187.55. Long puts...
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
SPY @ $187.70's, looking to test that 5 EMA @ $187.55. Long puts...

Right through the 5 EMA, big red candles on the 5 minute over the last hour...Here comes the SPY pullback jmo
 
Posted by Happy Valley on :
 
There goes LOD $187.15...Out puts here, will wait for the next 5 handle, Algo pump job to do it again...
 
Posted by BooDog on :
 
CVM started flipping this one a little. A bit of AH volume tonight.
 
Posted by BooDog on :
 
ISR,CVM,GALE,INO

been pretty busy lol.
 
Posted by Happy Valley on :
 
Hoping for one more SPY pump to $188's by Q end to load May/June puts...Sell in May comes early this year JMO...
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Hoping for one more SPY pump to $188's by Q end to load May/June puts...Sell in May comes early this year JMO...

Not gonna get there...Long SPY May $184 puts @ $2.92.
 
Posted by Happy Valley on :
 
Added SPY puts...Low volume morning ramps to $187 level being sold with both hands last two days...Greedy longs at record margin levels are gonna get buried up here jmo
 
Posted by Happy Valley on :
 
TLT spiking on the 5 minute over the last half hour...Watch the VIX here, once it starts up it's time to add more puts...jmo
 
Posted by Happy Valley on :
 
SPY printing a $184 handle eod...Added puts on every one of those low volume pump jobs this week. After TLT spiked and the VIX flipped, longs had no chance, SPY was in complete free fall. All cash now, just an incredible week, one of the best I have ever had...GLTYA
 
Posted by Happy Valley on :
 
Naz pushing higher this morning, Q's @ 87.80's. Long June puts.
 
Posted by Happy Valley on :
 
Q's @ 86.89 LOD. Look @ IBB and IWM today, speculative momo has left the building...Short every one of these low volume morning pump jobs in the Q's and SPY...jmo
 
Posted by BooDog on :
 
quote:
Originally posted by Happy Valley:
Hoping for one more SPY pump to $188's by Q end to load May/June puts...Sell in May comes early this year JMO...

Just a thought that we set new highs first.
[BadOne]
 
Posted by Happy Valley on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
Hoping for one more SPY pump to $188's by Q end to load May/June puts...Sell in May comes early this year JMO...

Just a thought that we set new highs first.
[BadOne]

Nothing would make me happier Boo...Put premiums would be stupid cheap and I would love a shot to get short size in SPY, Q's and IWM after the big boys have distributed onto overly margined longs into new highs.

Just trading what I see for now, not marrying anything. Until I see real volume bars in the morning pumps, I will continue to short every pop until it does not work anymore. IBB and the momo tech names have been an excellent guage to trade this market the last two weeks. When these stocks have dumped, the indexes have followed...GLTY
 
Posted by BooDog on :
 
quote:
Originally posted by Happy Valley:
Q's @ 86.89 LOD. Look @ IBB and IWM today, speculative momo has left the building...Short every one of these low volume morning pump jobs in the Q's and SPY...jmo

Just saw this. Added IBB and XLB to my watch list a couple weeks ago to help me monitor my funds for my retirement. Did look like a nice bounce coming this week.
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
Q's @ 86.89 LOD. Look @ IBB and IWM today, speculative momo has left the building...Short every one of these low volume morning pump jobs in the Q's and SPY...jmo

Just saw this. Added IBB and XLB to my watch list a couple weeks ago to help me monitor my funds for my retirement. Did look like a nice bounce coming this week.
oops XLB was supposed to be XBI.
 
Posted by Happy Valley on :
 
Long QQQ June $88 puts @ $2.20's
 
Posted by BooDog on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
Hoping for one more SPY pump to $188's by Q end to load May/June puts...Sell in May comes early this year JMO...

Just a thought that we set new highs first.
[BadOne]

[Were Up] [Were Up]
 
Posted by Happy Valley on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
Hoping for one more SPY pump to $188's by Q end to load May/June puts...Sell in May comes early this year JMO...

Just a thought that we set new highs first.
[BadOne]

[Were Up] [Were Up]
Very nice Boo... Great start to the week for bulls [Smile]

Just can't bring myself to get long this low volume melt up...Started adding back shorts today, sticking with the Q's for now. Love the liquidity and it's one of the cheapest ways to obtain exposure to all the high beta names IMO.
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Long QQQ June $88 puts @ $2.20's

Out $2.50's...Hoping they jam this pos back over 89 to reload.
 
Posted by Happy Valley on :
 
Q's @ March lows $86.40's. Long calls here with a tight stop...If this junk has a short term bounce in it, this is where it will be...
 
Posted by BooDog on :
 
quote:
Originally posted by Happy Valley:
quote:
Originally posted by BooDog:
quote:
Originally posted by BooDog:
quote:
Originally posted by Happy Valley:
Hoping for one more SPY pump to $188's by Q end to load May/June puts...Sell in May comes early this year JMO...

Just a thought that we set new highs first.
[BadOne]

[Were Up] [Were Up]
Very nice Boo... Great start to the week for bulls [Smile]

Just can't bring myself to get long this low volume melt up...Started adding back shorts today, sticking with the Q's for now. Love the liquidity and it's one of the cheapest ways to obtain exposure to all the high beta names IMO.

Good call for you too.
DOW held the trend line from February's dip so we'll see. Futures at close Friday say we're still headed lower.
 
Posted by Happy Valley on :
 
Adding calls in the Q's...IBB and the momo tech names reversing off the days lows. VIX making a complete U-turn the last hour...
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Adding calls in the Q's...IBB and the momo tech names reversing off the days lows. VIX making a complete U-turn the last hour...

Momo tech names bouncing hard today...Q's @ HOD, needs a clean break of 86.60's to really get rolling. jmo
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
quote:
Originally posted by Happy Valley:
Adding calls in the Q's...IBB and the momo tech names reversing off the days lows. VIX making a complete U-turn the last hour...

Momo tech names bouncing hard today...Q's @ HOD, needs a clean break of 86.60's to really get rolling. jmo
Out here 86.40's for solid gains...Not gonna get greedy in this market. Will look for re-entry...
 
Posted by Happy Valley on :
 
Long SPY puts...May 185's @ $3.00ish
 
Posted by BooDog on :
 
http://finance.yahoo.com/news/umc-reports-sales-march-2014-071200240.html
UMC getting better numbers. Been with this one for a couple months. Some big walls but a decent long imo.
 
Posted by Happy Valley on :
 
SPY @ 184.70's. Out all puts...What an incredible market this is to trade...Enjoy it while it lasts GLTYA [Smile] ...
 
Posted by Happy Valley on :
 
Q's riding AAPL to $87.90's.
Long QQQ June puts here...
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Q's riding AAPL to $87.90's.
Long QQQ June puts here...

Q's @ $87.30's...Out puts here.
 
Posted by Happy Valley on :
 
CRM @ $52.90's...
Big volume in May $55 calls. Long calls here...
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
CRM @ $52.90's...
Big volume in May $55 calls. Long calls here...

$59's...Just an awesome stock to trade GLTYA
 
Posted by Happy Valley on :
 
Q's @ $95.70's...Long puts here.
 
Posted by Happy Valley on :
 
Took some Weekly puts in the Q's for a trade. $96.50's @ .73. Stops @ HOD
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Took some Weekly puts in the Q's for a trade. $96.50's @ .73. Stops @ HOD

Out $1.60's...Thank you Janet [Big Grin]
 
Posted by Happy Valley on :
 
Long AAPL Aug 29th $100 calls @ $1.62...
 
Posted by Happy Valley on :
 
AAPL blowing through $97 in PM on IBM partnership news...Today is going to be a very good day [Big Grin]
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Long AAPL Aug 29th $100 calls @ $1.62...

Out $2.00
 
Posted by Happy Valley on :
 
Long next week expiry puts in the Q's...$96.50's @ .88
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Long next week expiry puts in the Q's...$96.50's @ .88

Q's @ LOD. Puts @ $1.10's...

Bios and small caps being sold again today, IWM (Russell) is fighting to keep it's head above the 50day. Very telling, be nimble longs jmo...
 
Posted by Happy Valley on :
 
YUM $82.75...Long August puts into E's tonight.
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
YUM $82.75...Long August puts into E's tonight.

Sorry YUM, not good enough... [Wink]
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Long next week expiry puts in the Q's...$96.50's @ .88

Out $1.16
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
quote:
Originally posted by Happy Valley:
YUM $82.75...Long August puts into E's tonight.

Sorry YUM, not good enough... [Wink]
$78.30's...Out puts [Big Grin] [Big Grin] [Big Grin]
 
Posted by Happy Valley on :
 
Long WDC Puts...Aug $100's @ $3.55...
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Long WDC Puts...Aug $100's @ $3.55...

$98 handle hitting...Puts @ $4.30's [Big Grin]

After SNDK last night, longs better hope STX delivers tonight or this gets throttled in the morning...JMO
 
Posted by Happy Valley on :
 
Long ECR .69's
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
Long ECR .69's

Taking some here @ .90's
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
quote:
Originally posted by Happy Valley:
Long ECR .69's

Taking some here @ .90's
Out some more $1's
 
Posted by Happy Valley on :
 
ENDP $13.80...Testing lows from 2008, if it has a bounce in it, this is where it will be IMO...
 
Posted by Happy Valley on :
 
ENDP
Looks like capitulation on the daily, hourly stochastics and RSI still extremely oversold but started Making the turn with nice volume bars eod.
Form 4's show insiders buying shares all week. Will look to add calls to go with my common on a higher high on the daily tomorrow or early next week...
 
Posted by Happy Valley on :
 
SYNC $3.20's with room to add dips. Lots of good news last two weeks, looks cheap when you factor in the forecasted growth next 2-3 years. Stock is still consolidating the big move off AT&T news. Trades thin, $4 break will light it up. Patience will be rewarded here imo
 
Posted by Happy Valley on :
 
ENDP $14.20's....Large May call sweeps all morning, heading much higher imo
 
Posted by Happy Valley on :
 
ENDP $14.60 Averaged up on more calls...

Paulson Triples Stakes in Endo, Akorn as Other Hedge Funds Sell
http://finance.yahoo.com/news/paulson-triples-stakes-endo-akorn-233231347.html
 
Posted by Happy Valley on :
 
SRCL $99.20's
Big gap to fill @ $120's if this can get over $101...Nice call volume in the June $95's...
 
Posted by Happy Valley on :
 
ENDP $15.55...Taking some common off here ahead of the Fed to cover the cost basis of my options. Will let my calls do the heavy lifting from here...
 
Posted by Happy Valley on :
 
SRCL quietly trending up all morning...Added calls on this mornings retest of the 5 EMA and will add again on a break of yesterdays highs...
 
Posted by Happy Valley on :
 
Biotech showing some divergence from the indexes today...Sweeps all day in XBI, almost 16k vs. 1100 OI in the June $56 calls.
 
Posted by Happy Valley on :
 
XBI $54 handle. Peeps who followed into that sweep are getting paid today, looking for much more heading into ASCO...
 
Posted by Happy Valley on :
 
SRCL $96.70's, pretty weak in a strong tape today. Giving this a little more leash than I normally would. Strong sweeps into weakness with the June calls again yesterday. I'll give this one some more time to play out...
 
Posted by Happy Valley on :
 
Looks like TPG added another 5 million shares to their ENDP position, almost 10% of the company now...

http://www.sec.gov/Archives/edgar/data/1495741/000090342316001055/endo13da_0520. htm
 
Posted by Happy Valley on :
 
VGK $49.20's...Popping up on one of my screeners this afternoon. Lots of volume in the July $50 calls, my time and sales shows14k @ .65 and 6k @ .70 vs. no OI...Worth watching IMO
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
XBI $54 handle. Peeps who followed into that sweep are getting paid today, looking for much more heading into ASCO...

$55.80's and heading higher IMO
 
Posted by Happy Valley on :
 
XBI 56.60's....Taking half off here, ride house $ into ASCO.
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
XBI 56.60's....Taking half off here, ride house $ into ASCO.

$57 handle....Taking a few more off here.
 
Posted by Happy Valley on :
 
Big call blocks in SRCL again today...Aug $105's, 12,670 vs. OI of 34...Interesting timing with annual shareholder meeting scheduled for today.
 
Posted by Happy Valley on :
 
VGK 50.20's...Nice move off those big July sweeps earlier in in the week...
 
Posted by Happy Valley on :
 
Take a few short MMM via next week $170 puts @ .95 avg...Hourly looks overbought here...
 
Posted by Happy Valley on :
 
Out MMM puts $1.57...
 
Posted by Happy Valley on :
 
VXX $13.30's...Long next week $13 calls @ .65
 
Posted by Happy Valley on :
 
Out the last 1/4 of XBI calls on the $58 handle...
 
Posted by Happy Valley on :
 
VXX getting jumpy @ $13.80's, calls from this morning already in the money here.

Bearish engulfing building on the SPY daily, will be interesting to see what kind of marching orders the Algos get this afternoon...
 
Posted by Happy Valley on :
 
Out VXX calls .98
 
Posted by Happy Valley on :
 
XBI 57.60's, Long June $60 calls @ .85
 
Posted by Happy Valley on :
 
ENDP $16.30...Breaking out over $16 resistance.
 
Posted by Happy Valley on :
 
XBI $58.50's, nice red to green action through yesterday's highs...
 
Posted by Happy Valley on :
 
INSM $11.90...Big call volume in the July $12's


EMA regulatory review of ARIKAYCE progressing. The company remains on track with previous guidance, having submitted its responses to the European Medicine Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) 180-day list of outstanding issues related to the company’s Marketing Authorization Application (MAA) for ARIKAYCE. Insmed expects to participate in an oral explanation meeting in the second quarter of 2016 and the CHMP to render an opinion on its MAA around the middle of 2016.
http://finance.yahoo.com/news/insmed-reports-first-quarter-2016-120300632.html
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
ENDP $16.30...Breaking out over $16 resistance.

$17 handle...Big gap to fill over $18
 
Posted by Happy Valley on :
 
XBI $59...Out June calls $1.05
 
Posted by Happy Valley on :
 
INSM $12.60's, taking out the 50MA here...
 
Posted by Happy Valley on :
 
Long some NVCN @ .42

Popped up on a volume screener this afternoon, 4.8M today vs. 3m adv. of 230k. RSI on the daily @ 7 and MACD Getting close to turning positive. Worth watching IMO

http://www.massdevice.com/neovasc-wins-round-patent-battle-edwards-lifesciences- subsidiary-cardiaq-valve/
 
Posted by Happy Valley on :
 
NVCN .52...
Volume has already eclipsed yesterday's total
 
Posted by Happy Valley on :
 
IMPV $39.60s

July $45s active...2700 volume vs. OI of 12
 
Posted by Happy Valley on :
 
Out NVCN .55
 
Posted by Happy Valley on :
 
VXX $12.88, holding up surprisingly well today...Taking a few July $14 calls @ .77
 
Posted by Happy Valley on :
 
ENDP $18 handle, trading into the downside earning gap here. Massive gains from $13.80's just a few weeks ago...
 
Posted by Happy Valley on :
 
INSM $12.70's, good enough...Nice mover off of those July $12 sweeps from last week...
 
Posted by Happy Valley on :
 
SRCL $101.80..Nice push off that $99.59 break today, trading into that downside earnings gap here. My $105s are still underwater but today is a good start to changing that...
 
Posted by Happy Valley on :
 
Averaged down on some more VXX calls. Looking for some increased volatility next couple of weeks with Fed and
Brexit. TLT and GLD resiliency starting to raise some red flags for me too...
 
Posted by Happy Valley on :
 
SYNC $3.47...Patience being rewarded here.
 
Posted by Happy Valley on :
 
SPY $212.30s...
Bailing on most of my longs here. GLD and SLV going nuts again today and TLT continuing to grind higher. This low volume melt up may continue but there are just to many red flags for me to ignore. G/L to anybody still long...
 
Posted by Happy Valley on :
 
ULTA $239.50's...Long July $230 puts @ $2.90
 
Posted by Happy Valley on :
 
Out VXX calls .90's...Will look to reload on a pullback
 
Posted by Happy Valley on :
 
STAF @ 2.60 for a trade...Small float getting a ton of volume today.
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
STAF @ 2.60 for a trade...Small float getting a ton of volume today.

Added to the bag @ $2.20s
 
Posted by Happy Valley on :
 
quote:
Originally posted by Happy Valley:
quote:
Originally posted by Happy Valley:
STAF @ 2.60 for a trade...Small float getting a ton of volume today.

Added to the bag @ $2.20s
Unloaded this for a loss, it might come back on another pump but I'm not interested in becoming a long term shareholder here...Moving on
 
Posted by Happy Valley on :
 
Taking on a few select longs into weakness on this 2 pt. SPY pullback.

MA $95.15
Long July $100 C @ .47 avg.

MT $5.29
Long July $5.50 C @ .30 avg.
 
Posted by Happy Valley on :
 
XLNX 46.40's...Tight range last few weeks, bollies really tightening up here. Holding gains from takeover rumors in May, keep an eye on this one jmo
 
Posted by Happy Valley on :
 
IMPV $45.60's...I guess we know who was buying up those July $45's.

http://www.investors.com/news/technology/imperva-rockets-on-elliotts-10-stake-bu t-hysterical-buying-slows/?ven=YahooCP&src=AURLLED&ven=yahoo
 
Posted by Happy Valley on :
 
IMPV $45.60's...I guess we know who was buying up those July $45's.

http://www.investors.com/news/technology/imperva-rockets-on-elliotts-10-stake-bu t-hysterical-buying-slows/?ven=YahooCP&src=AURLLED&ven=yahoo
 
Posted by Happy Valley on :
 
XLNX $47.26 HOD, cracking Monday's highs here...

July $47.5 C getting some play here as well, sweep @ .94 per hit less than a half hour ago...
 
Posted by Happy Valley on :
 
Long XLP August $55 puts @ .58

30k volume vs. 2800 OI today...
 
Posted by Happy Valley on :
 
Looks like everybody is a FB bull into E's, seems crowded up here...

Taking a few Aug. $110 puts @ .91...Tiny contrarian bet, just 10 contracts...
 
Posted by Happy Valley on :
 
Taking almost 100% on yesterday's XLP puts ahead of FED...

Will be watching that big player from yesterday to see what they do in the coming days/weeks...
 


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