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The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Wednesday, January 24, 2007

AAPL: i'm not sure which direction it's headed today.

But the path of least resistance is still down short term.

AAPL closed @ 85.70

The shorties are just dying for that 85 to break. And once it does, you should pile in your shorts!!!

We are getting a gap up due to YHOO's earnings last nite, even though Goldman Sachs is downgrading the stock today.

Let's try to get a feel for AAPL this morning.

Good luck.

40 Comments:

Blogger beanie11111 said...

This AAPL gap up at 86.30 can be shorted for a daytrade right here.

Wed Jan 24, 08:58:00 AM EST  
Blogger beanie11111 said...

YHOO can also be shorted here at 28.36 or above. A bit risky. You probably want to let it run a little higher.

Wed Jan 24, 09:06:00 AM EST  
Blogger beanie11111 said...

The reason i don't like this market today is even though YHOO boosted up tech this premarket, i just don't see much volume in the tech leaders like AAPL and GOOG.

This could be another gap and trap the bulls day.

Wed Jan 24, 09:11:00 AM EST  
Anonymous Anonymous said...

What do you think beanie dude?
We shorting these fellas or what?

Wed Jan 24, 09:57:00 AM EST  
Anonymous Anonymous said...

hi beanie,
do you think MED is a good hold?
thanks,

-mark the rat

Wed Jan 24, 10:14:00 AM EST  
Blogger beanie11111 said...

mark,

yes MED is a good hold

Wed Jan 24, 10:29:00 AM EST  
Anonymous Anonymous said...

XNN the next Taser. LMFAO!

Wed Jan 24, 10:45:00 AM EST  
Anonymous Anonymous said...

hi beanie,

what do you think of CNLG here?

thanks,

mark the rat

Wed Jan 24, 11:27:00 AM EST  
Blogger beanie11111 said...

How do you folks like TRMM now??? lol


wheeeeeee

Wed Jan 24, 11:28:00 AM EST  
Blogger beanie11111 said...

mark,

i hate CNLG with a passion. This dog should just declare bankruptcy. Been around for a long time and all they do is reverse splits.

Wed Jan 24, 11:29:00 AM EST  
Blogger beanie11111 said...

Now that TRMM is a success, we are left with XNN, where most of the complaints have come from..

XNN - if you bought and hold in the low 2, i believe in time you will be very happy.

Wed Jan 24, 11:33:00 AM EST  
Anonymous Anonymous said...

beanie,

hahah yeah, but you wouldn't hate that stock if you loaded up the truck yesterday! :)

buy buy buy!!!

Wed Jan 24, 11:33:00 AM EST  
Anonymous Anonymous said...

that was me
-mark the rat

Wed Jan 24, 11:33:00 AM EST  
Anonymous Anonymous said...

I would like to thank Beanie and JSPADE for TRMM. Mostly JSPADE since he mentioned it first and I bought it in the upper 1s. Im about to double up....wheeeeeeeee!!

Wed Jan 24, 11:35:00 AM EST  
Anonymous Anonymous said...

Beanie, Jspade, or Board,

DO you think there is anymore upside to TRMM?? WHen would be a good time to sell???

Thanks in advance

Wed Jan 24, 11:58:00 AM EST  
Blogger beanie11111 said...

anonymous,

Are you kiddin me? YOu didn't take profits on TRMM at the mid 3's????

C'mon man, greed is bad.

Wed Jan 24, 12:05:00 PM EST  
Blogger beanie11111 said...

AAPL : good short right now at 87

Wed Jan 24, 12:05:00 PM EST  
Anonymous Anonymous said...

Beanie,

Thanks for the reply...I sold Half in the mid 3s (TRMM). Just wondering if there is anymore upside to this??? IF not I was going to sell the rest today. Im a newb when it comes to the market and still learning when to buy and sell. So is there any upside left???

thanks

Wed Jan 24, 12:10:00 PM EST  
Blogger beanie11111 said...

Frankly, i don't really know why this market is up so much today. YHOO didn't really impress. I want you folks to start clearing out your long positions if you got any.

I think today's rise may only be short covering rally. Possibly no real buyers.

Wed Jan 24, 12:17:00 PM EST  
Blogger beanie11111 said...

anonymous,

see all your TRMM for the time being

Wed Jan 24, 12:19:00 PM EST  
Blogger beanie11111 said...

I got a corny poem i posted on the AAPL board:


la la la... Feelin bad, for the Longs that's been had....

why the tech rallies so hard today,
i'd tell ya if only i had my way.

the earth, the planets, the moon,
makes the longs think there's a market boom.

i close my eyes and dread,
i hope the longs won't end in red.... la la la la la

Google running on pre-earnings steam,
but it's done the longs gonna get reamed?

Wed Jan 24, 12:20:00 PM EST  
Blogger beanie11111 said...

I actually don't know what's gonna happen for the rest of the day and tomorrow and friday. But we rallied so much today, i'd think we should give back some.

Wed Jan 24, 12:22:00 PM EST  
Anonymous Anonymous said...

Beanie or Board,

Is it late to get into XNN??? I want to buy but dont know at this price...

Thanks

Wed Jan 24, 12:26:00 PM EST  
Blogger beanie11111 said...

Listen to rythm of the fallin rain:
http://www.duchessathome.com/music/rhythmofthefallingrain.html


la la la la la

Wed Jan 24, 12:29:00 PM EST  
Blogger beanie11111 said...

anonymous,

let's hold off in buying XNN if you didnt buy at 2. I wanna see how the market does tomorrow and friday.

Wed Jan 24, 12:30:00 PM EST  
Anonymous Anonymous said...

anonymous,

Good to see you made money on TRMM! I still think its undervalued at this price compared to the fundamentals. IF the CEO is who they say he is, He's not done yet. He was hired to clean the books!!!!!!!

So if you have the "BALLS", I would hold until it gets close to $5.....Long term I think its worth $8-$10

JSPADE

Wed Jan 24, 12:45:00 PM EST  
Anonymous Anonymous said...

man i sold my TRMM last week for an easy 10% gain... i feel like a schmuck today.

Wed Jan 24, 01:32:00 PM EST  
Anonymous Anonymous said...

beanie,

finally back to even on my 200 shrs of NYX, although i still have a fairly large loss from 2006 (which i can't deduct because i bought NYX in 2007) but i digress.....

think i should dump this POS?
thanks,

-mark the rat

Wed Jan 24, 02:04:00 PM EST  
Anonymous Anonymous said...

Mark the rat,

Why can't you deduct your loss for 2006. I don't seem to understand.
I am new to the market so bare with me.

thanks

Wed Jan 24, 02:09:00 PM EST  
Anonymous Anonymous said...

RNIN and FMCN showin the love

Wed Jan 24, 02:11:00 PM EST  
Anonymous Anonymous said...

Anonymous,

It's a wash sale....I had a loss on NYX from a sale in December 2006 and I bought NYX again in January.....the fact that I bought it again is as if I never sold it in 2006.....you can google it "wash sale"

here's a link:

http://www.fairmark.com/capgain/wash/index.htm

Wed Jan 24, 02:13:00 PM EST  
Anonymous Anonymous said...

watch GIGM now, folks......it's been closing near its HOD for the past few days

looking for a big breakout above its 52-wk. high of $12.55


Van_G

Wed Jan 24, 09:25:00 PM EST  
Anonymous Anonymous said...

Hi Beanie,
Do you like any of these?

QQQQ:
SNCR:
RMKR:
GOAM:
EBAY:

thanks,

mark the rat

Wed Jan 24, 10:04:00 PM EST  
Blogger beanie11111 said...

markrat,

i like EBAY alot for the longer term.

The other ones - SCNR, GOAM, RMKR - have good technicals. RMKR not exciting. GOAM not exciting. SNCR a pinkie is a no no for me.

Wed Jan 24, 10:28:00 PM EST  
Blogger beanie11111 said...

markrat,

sorry, i meant SNCR. I haven't a clue what is it the company does.

Wed Jan 24, 10:29:00 PM EST  
Anonymous Anonymous said...

thanks beanie,
those are all stocks that charles kirk (www.kirkreport.com) bought today, except ebay.

why didn't i buy 1,000 shrs of ebay today? please shoot me.

i sold all my positions today,
MA, NYX, MED, XNN and day-traded CNLG for a nice $1,000 profit. sadly though, my losses in NYX for 2006 and 2007 are in excess of that, but oh well......live and learn.

i think it's time to buy 1,000 ebay on the open and hope for a buck or two rise tomorrow

thanks,

mark the rat

Wed Jan 24, 11:45:00 PM EST  
Anonymous Anonymous said...

I have TSTC from the kirkreport. Not behaving 2 well. He hasnt sold. I dont know what he sees....

-M

Thu Jan 25, 12:05:00 AM EST  
Anonymous Anonymous said...

HOLY SHIT BEANIE....WERE YOU ASLEEP AT THE WHEEL TODAY OR WHAT!?!??!?!?!?

OPBL !!!!! up huge today.

ughhhh, shoot me again.

-mark the rat

Thu Jan 25, 12:11:00 AM EST  
Anonymous Anonymous said...

new IPO.... ORIT

anyone????

-mark the rat

Thu Jan 25, 12:18:00 AM EST  
Blogger beanie11111 said...

markrat,

i didnt put OPBL on my radar because it's an otcbb stock. But i believe (aggressively) it will go alot higher. $10 is already a foregone conclusion.

As stated before, OPBL is the only bulletin board stock i would buy. Period.

Thu Jan 25, 04:38:00 AM EST  

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