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FAZ WAYYY UP!! SIRI DOWN BUT SORTA STABLE! BAC TOOK A BIG CRAP WOOO HOOO!! DOGS AND CATS LIVING TOGETHER, MASS HISTERIA!!! Posts: 1503 | From: washington | Registered: Jun 2009
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Morph--sell FAZ now or keep it for a while? I'm guessing BAC and the market will continue to go down a little.
Posts: 1503 | From: washington | Registered: Jun 2009
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im still short this market...especially after a huge reversel like that today...im carrying long DRV SRS FAZ TZA all inverse that scream up when the frogs hit the fan...i took profit in my other shorts from yesterday..cake pfcb whr...scalped some profit in AMR and CAL and lost a little in yhoo...you might be asking yourself.."what is Morpheus prediction for tommorrows dow?"...well to this all I can predict is PAIN....unless you are short... Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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Well, what's this market gonna do?? FAZ was down on the open, I don't like suprises like that, although it looks like it's turning now. Any opinions???
Posts: 1503 | From: washington | Registered: Jun 2009
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quote:Originally posted by TraderJones: Looks like EGLE is doing something for you Glenn.
Guys I gotta rethink my trading strategy right now. I got out of EGLE and ended up making a touch of money. I then got into EBAY ahead of earnings. They beat analyst estimates and it still goes down. What the heck am I doing wrong? I have been beaten down the past couple of weeks.
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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Guys, I'm also seeing the dollar looks like it hit bottom. This usually hurts commodities and oil a great deal. Is it time to get into FAZ or DUG and hold for a couple of weeks?
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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I wish I had all the answers for ya Glenn. My trading hasn't exactly a whole lot better. I'd say you needed to be a little more patient on EGLE, although that's easy to say now that we see it down, and going down more. The market is so unpredictable lately it sucks, I though for sure we would see a big drop first thing this morning. Although the day has just started, and it looks like it's going to be a down day(?). My best guesses, according to the charts, is that the market should drop at least a few hundred points in the up coming days or more, and the same with BAC, so FAZ should continue up. But I've been wrong before. We will see.
Posts: 1503 | From: washington | Registered: Jun 2009
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Keep in mind that October and September traditionally the WORST trading months of the year. So, what we are experiencing here is pretty normal for this time of year. November and December will get better. That's why I have just been holding and watching for the most part. Just trying to get through this crappy time of year for trading with more of an investors strategy for now. I'm not saying you can't make money trading now, but it can be damn hard. Hold your head up and drudge through for now. It will get better. Good luck to all.
Posts: 426 | From: Philadelphia, PA | Registered: Nov 2008
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Im just betting on SIRI (i hold massive amounts of shares, for me anyhow)..if it goes as i foresee..then life is good..if not ...that would not be good..I have been and remain very skeptical on all news and other "crap" that the media bombards us with...Lately im total "costanza" on all info that they try to convince/sway us to do..i guess that is why im so bearish on the market right now..i look at the charts for trading and read/listen to the "news/information" that "the man" trys to control our decisions. With that in mind, always trying to "read between the lines" as to what is their real motive in getting me to buy this or sell that...I am a huge skeptic on just about everything that is on TV and other sources...cyber vegas is a hard game if you make it hard, and easy if you make it easy..there are lots of different strategies you can loose...find something that you think works and you are comfortable with and go for it..I have always followed this..."plan your work, and work your plan. and if your plan does not work, then get a new plan" I continually look for patterns, example is "up fridays, and whatever monday does tuesday is reverse" and only trade heavey in the first and last hour of the day..that sort of stuff works for me..good luck to us
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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Well, what's the market gonna do at the end of the day and tomorow??? Good time to buy FAZ again?? I sold earlier, not making as much as I would have if I sold late yesterday. UGH!! Any comments would be appreciated!!
Posts: 1503 | From: washington | Registered: Jun 2009
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i just grabbed a few stocks of the earning report today list and went long on a them just to break th bordom today..HERO PLD DOW OXY MMM POT HSY and short IBKR...small positions..just for kicks...he he
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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market is most definitly going higher ...its tricky..it bounces aroud awhile and bam..shoots up another 15 points..flattens out and then bam..seems to be the trend today..Im playing it for now dow up 93 and looks to continue
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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wow..i got lots on green in the on my trading board...small gains...but its actually working...crazy Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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i just short all on the same order when im ready to reverse...example ...ya own 100 FAZ long...when you thinks its ready to reverse...you sell 200 FAZ saves commission and gets right on the trade...if you "choose wisely young skywalker" you make buck..right now the holding that are working for me and i just doubled up on is HERO and DOW..long
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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could this be a 200+ up day??? it is looking that way....just beware of the late day reversal. it could sneek up on you when you least expect it...that is all
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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the last most important hour of the day...this could be a preview of tommorrow being friday and all...could we once again have an "up friday"?? could we really be having back to back gains??? is what is going on right now a "melt up"?? could we have a late day selloff??
tons of variables...read the tea leaves..and go for it..im short term long as of now...ready to flip if the conditions call for it..45 minutes left today
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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What a crazy day for the market. Not sure what the hell was going on today. Been potty training all day.
My father loaded up 1,000 shares of MT at $37.90. Lucky dog nailed the low. Sure sucks being me sitting at the high end. I will read all the posts later when I have more time.
Posts: 2367 | From: Detroit | Registered: Mar 2005
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im riding todays up trend "tidal wave" right now long a bunch of diverse crap..HERO PLD DOW OXY DRN allseem to be the most powerful as of right now 40 minutes to go...that is all
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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i really missed the mark yesterday with my pain prediction...i did catch the early short and have been long the rest of the day..
Posts: 2497 | From: westlake village CA | Registered: Aug 2008
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I'd be enjoying this a lot more if I was making more money. WOW WHAT A FREAK SHOW!! Posts: 1503 | From: washington | Registered: Jun 2009
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Well, I am not so bad anymore on my EBAY and I think tomorrow it will come up some more just because the market always over-reacts to news. Not sure what the next play will be after I lose money on this one. Morpheus, I think you are in a different boat than some of us. It sounds like you are playing with lots of money whereas most of us are probably not. If you get a 1% gain, it's worth it to you. Most of us have to get at least 3-4% to cover our costs alone.
-------------------- wide open until you see god, then brake! Posts: 793 | From: Colorado Springs, CO | Registered: Apr 2005
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