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Author Topic: What I am watching as swing trades 3
glenngsxr
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same here. into MT at $36.77.

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wide open until you see god, then brake!

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rajthebam
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in to MT at 36.80
tagging along with you here Glenn...oh crap its going down further

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glenngsxr
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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.

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wide open until you see god, then brake!

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TraderJones
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How much do you have in MT guys?
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rajthebam
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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
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glenngsxr
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370 shares here.

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wide open until you see god, then brake!

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glenngsxr
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its go time Raj.

--------------------
wide open until you see god, then brake!

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TraderJones
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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.
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rajthebam
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ha ha...i needed a good laugh....thx.
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TraderJones
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I am here for your entertainment. [Big Grin] I'm outta here for a while, I've got more pressing things to do.
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glenngsxr
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Approaching the 1230 EST hour. I fully expect the market to tank a little further from here. Let's see if my hypothesis holds.

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wide open until you see god, then brake!

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glenngsxr
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Looks like its holding true to me. Market taking a big dump.

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wide open until you see god, then brake!

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glenngsxr
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believe it or not, I have this feeling that the market will claw its way back a great deal by the end of today.

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wide open until you see god, then brake!

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glenngsxr
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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.

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wide open until you see god, then brake!

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glenngsxr
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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.

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wide open until you see god, then brake!

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rajthebam
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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.
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glenngsxr
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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.

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wide open until you see god, then brake!

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glenngsxr
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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.

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wide open until you see god, then brake!

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glenngsxr
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Can you guys take a look at DRN? Is that accurate? That cannot be real, right?

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wide open until you see god, then brake!

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glenngsxr
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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.

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wide open until you see god, then brake!

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rajthebam
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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

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glenngsxr
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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!

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wide open until you see god, then brake!

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glenngsxr
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Fantastic opportunity to get into FAS or DRN. This market will reverse soon. I have no funds available so I can't do it.

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wide open until you see god, then brake!

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glenngsxr
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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.

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wide open until you see god, then brake!

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rajthebam
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i wish i had some extra funds available to throw in it right now
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glenngsxr
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Get ready for takeoff Raj. We are going green, and I don't mean being environmentally friendly!!

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wide open until you see god, then brake!

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glenngsxr
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Me is thinking about getting out of MT when it comes up and jumping into YRCW for awhile. Opinions?

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wide open until you see god, then brake!

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TraderJones
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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.
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TraderJones
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FNM seems really low, almost ripe for picking???
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rajthebam
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here we go MT...
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TraderJones
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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.
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rajthebam
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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.
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glenngsxr
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I like CSTR. Unless they get some real competition, they will own that market for awhile. A good long term hold for sure.

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wide open until you see god, then brake!

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glenngsxr
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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!

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wide open until you see god, then brake!

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rajthebam
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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
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