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Author Topic: PCola77's daytrading thread
moremula
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On FRE AND FNM

I'm thing about adding to my IRA also, but am waiting and planning to get if it covers the gap ups on 11/24.
currently parobolic sars on upper side, so on the next spike down below the 11/24 gap im hoping may be good entry point.
I'm favororing FNM more so than FRE, but for the mosr part they run parallel to one another

http://stockcharts.com/h-sc/ui?s=FRE&p=D&yr=0&mn=11&dy=0&id=p84192386134

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invester
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quote:
Originally posted by moremula:
On FRE AND FNM

I'm thing about adding to my IRA also, but am waiting and planning to get if it covers the gap ups on 11/24.
currently parobolic sars on upper side, so on the next spike down below the 11/24 gap im hoping may be good entry point.
I'm favororing FNM more so than FRE, but for the mosr part they run parallel to one another

http://stockcharts.com/h-sc/ui?s=FRE&p=D&yr=0&mn=11&dy=0&id=p84192386134

FNM way over FRE. There going to have all the bad assets purchased by the government shortly. That spells possible M&A with FRE and major profits. FNM in the long run is sn ultimate winner. The only thing I dislike short term is that they declared that they want and will do everything to stay on the NYSE. Well, at these levels that mean R/S. Argggg. We shall see.
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Rotty84
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New to this site and kinda new to the whole stock market. I got into FAS at 22.98 last Thursday. By watching it for a couple weeks I thought it would be a good deal. Any advice for someone new to the stock market
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PCola77
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What are you trading and what are you trying to accomplish? Trading a few extra bucks just for fun? Trading an IRA for retirement? Trading to try to get rich? trading to try to grow capital slowly over time? Trading penny stocks, big board stocks, etfs?
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Rotty84
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Trading a few extra bucks for fun, while I get a better knowledge of what I am doing. I am in ETF's right now FAZ at 37.00 missed my sell at 56.00 last week and in FAS. Trying to stay away from penny stocks
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PCola77
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Wait, are you saying you own both FAS and FAZ now? [Confused]
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Ace of Spades
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quote:
Originally posted by Rotty84:
New to this site and kinda new to the whole stock market. I got into FAS at 22.98 last Thursday. By watching it for a couple weeks I thought it would be a good deal. Any advice for someone new to the stock market

Well on the economic calander we will probably have some pretty nasty number come out next week, plus I think the FEDERAL RESERVE is haveing their meeting too!!!

I'm cash untill I know for sure how the market will react!!! Plus the big 50 billion dollar fraud case just was released, and more details will come, auto bailout is still unkown status, and hedge funds have billions left to sell off! The hedge funds might uses what ever bad news is released next week as an excuse to unload biggly!!!

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Rotty84
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Yes I have money in FAS at 22.98 and FAZ at 37.00 I thought about it as I was typing to make sure I was right about the symbols
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PCola77
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What is your logic for having both, as they are meant to be inverses of each other. So instead of buying FAS, why didn't you just sell FAZ to free up your money instead of locking up twice as much? Maybe I'm missing something...
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Ace of Spades
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quote:
Originally posted by PCola77:
What is your logic for having both, as they are meant to be inverses of each other. So instead of buying FAS, why didn't you just sell FAZ to free up your money instead of locking up twice as much? Maybe I'm missing something...

acutally it's a common stategey....also for daytrading. You have a long and short possition and as on goes up and the other declines, you add to the increasing one and scale out of the decreasing one.

This works well if you're day trading one say an interest rat cut anouncement is about to be releaseed and a big move will happen to fast. You can be in both possitions and add to one and scale out of the other!

Although I have a feeling this newbie might not be using this logic and may be a bit confused:D

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hedfe
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ace of spades do you still use prodigy trading?
I saw your posts about it last year and had an account with them up until about April but closed it because I was away from the computer this past summer. Then I called them and they said that they currently aren't opening any new accounts as of now. Is that true?

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Ace of Spades
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quote:
Originally posted by hedfe:
ace of spades do you still use prodigy trading?
I saw your posts about it last year and had an account with them up until about April but closed it because I was away from the computer this past summer. Then I called them and they said that they currently aren't opening any new accounts as of now. Is that true?

No...early this year I had issues with their software, and prodigy kept telling me their tech team would call me...they never did. At the same time I started my first steroid cycle for body building (wich was awesome). Also The market started to go down alot and become unpredictable. So I decided to take a breather from active trading. I think I saved myself from some pretty big mistakes, plus I got ripped for spring break at clear water beach(I live in Tampa area). I mainly just played solar stocks when they were over sold a few times. I love CSUN, SOLF, CSIQ, ect.

I switched from Prodigy to a broker lionmaster recommend. Lionmaster is the Main man at thelion.com

He said this broker lets you short the most stocks. Even the real cheap ones. It's also penny stock friendly...at least more than many others.

http://thelion.com/bin/forum.cgi?tf=wall_street_pit&msg=1376438&cmd=read

You can make your own decision....I'm a firm believer in telling other posters the truth, and let them make up their own minds. Even if it's advice a newbie can get burned with...like shorting penny stocks, or daytrading with a small amount. [Wink] Cause the best way to learn to swim..is to be thrown in the deep end. They will either drown or learn to swim.

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Ace of Spades
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DXO (double long oil) looks like a screaming buy now!!

I say it could double or tripple soon. It closed around $3.07...I'm gonna start accumilating shares tommorow! Oil hasn't sold off this hard in forever. Look at the weekly and montly charts going back to 1980!

DXO was $30 in July when oil hit the record. Even if oil got to half of what it was theoreticly it could get up to $15, which would be a 5 bagger!!!!

[Were Up]

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EverGreen
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agree BUT the consensus is that oil go 1st to 30 and then bounce - recession is stronger than opec(even if opec cut production)

quote:
Originally posted by Ace of Spades:
DXO (double long oil) looks like a screaming buy now!!

I say it could double or tripple soon. It closed around $3.07...I'm gonna start accumilating shares tommorow! Oil hasn't sold off this hard in forever. Look at the weekly and montly charts going back to 1980!

DXO was $30 in July when oil hit the record. Even if oil got to half of what it was theoreticly it could get up to $15, which would be a 5 bagger!!!!

[Were Up]


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Stockstar69
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DPDW...buy at .15 and sell at .20. At least for the next few days.
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R1 Man
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quote:
Originally posted by Ace of Spades:
DXO (double long oil) looks like a screaming buy now!!

I say it could double or tripple soon. It closed around $3.07...I'm gonna start accumilating shares tommorow! Oil hasn't sold off this hard in forever. Look at the weekly and montly charts going back to 1980!

DXO was $30 in July when oil hit the record. Even if oil got to half of what it was theoreticly it could get up to $15, which would be a 5 bagger!!!!

[Were Up]

Good find. I can somewhat agree. But it was started around July.
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Peaser
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quote:
Originally posted by Peaser:
I was wrong. I was filled at 3.99

They were downgraded by one analyst today.

Looks like a nice swinger here, they just need a partner and it could take off.

http://biz.yahoo.com/ap/080926/savient_pharmaceuticals_mover.html?.v=2

Almost a double so far for swingers, with more to come IMO.
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PCola77
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Geez, has it been that long since I last posted on this thread?

I played DXO in my IRA. Originally bought at 2.67, then more at 2.31, then more at 1.83 for a 2.30 average and sold it the other day at 3.06. Had like 50% of my IRA in it, so it was a nice chunk of change.

I've been mostly playing market moves (DXO, FAS, FAZ, etc) and riskier plays, so I wasn't posting them here. I'm going to try to get back to more "normal" trading, and post here more frequently again.

Hope everyone is doing well!

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invester
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quote:
Originally posted by PCola77:
Geez, has it been that long since I last posted on this thread?

I played DXO in my IRA. Originally bought at 2.67, then more at 2.31, then more at 1.83 for a 2.30 average and sold it the other day at 3.06. Had like 50% of my IRA in it, so it was a nice chunk of change.

I've been mostly playing market moves (DXO, FAS, FAZ, etc) and riskier plays, so I wasn't posting them here. I'm going to try to get back to more "normal" trading, and post here more frequently again.

Hope everyone is doing well!

LoL, been a while P.
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Ace of Spades
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quote:
Originally posted by PCola77:
Geez, has it been that long since I last posted on this thread?

I played DXO in my IRA. Originally bought at 2.67, then more at 2.31, then more at 1.83 for a 2.30 average and sold it the other day at 3.06. Had like 50% of my IRA in it, so it was a nice chunk of change.

I've been mostly playing market moves (DXO, FAS, FAZ, etc) and riskier plays, so I wasn't posting them here. I'm going to try to get back to more "normal" trading, and post here more frequently again.

Hope everyone is doing well!

Nice Trade! Averaging in is such a good strategy! I wish I did that when I first started trading! I Averaged in as well around 2.12-2.15. I got lucky and trusted my gut and waited an extra day to start buying shares for the first portion of my buy. Honestly...I think I'm just doing ETF's for now on...If your good at Technical analysis, have good instincts, and have patience...ETF's is all you need especillay since the 3x ETF's and DXO came out!
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PCola77
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Got some BGU today at 35.75. I think the DOW is basically trading in a range for now, from 8500-9000. So I got some BGU (which is a triple levereged ETF that tracks I think the Russel 1000, a close enough a proxy to the market in general). I will add more if the market continues to drop. This is not a daytrade, but one I will hold for a few days (unless the market goes crazy upward today for some reason, then I may sell today, but that's not likely, I don't think.)
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PCola77
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RMBS apparently had news that they couldn't collect money on a patent that they thoguth they could (or something like that. I know you guys love my hard hitting research). Dropped hard from over $18 to 10.25. It had a recent low of under $6 in December, so I was worried it could drop a lot further. So instead of buying the common stock, I got $12 call options for February at $1.70.
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