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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!

Thursday, January 25, 2007

Don't be too excited to buy stocks Thursday.

I expect a selloff. I think Wednesday's huge rally was due mainly to short covering.

I am waiting for the market to prove me wrong.

If i'm right, likely i'd be shorting tech again - AAPL, GOOG and possibly EBAY on the gap up.


Good luck.

43 Comments:

Blogger beanie11111 said...

OPBL:

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, 04:39:00 AM EST  
Blogger beanie11111 said...

I am startin to think that Cramer wants to retract his sell techs call last week. hmmmm

Thu Jan 25, 08:31:00 AM EST  
Blogger beanie11111 said...

I'm startin to think that it's probably a good idea for Cramer to retract his sell tech call. GOOG earnings is next Wed, which could give us more momentum to the upside the next few days.

Thu Jan 25, 08:35:00 AM EST  
Blogger beanie11111 said...

EBAY: can be bought here at 33.50

Thu Jan 25, 08:39:00 AM EST  
Anonymous Anonymous said...

I think Cramer is generally right. Techs are not going to fall in a couple of weeks, but gradually over the next couple of months. Meaning if your long in tech your not going to make money. If your short term stock holder (days to weeks), you'll be fine.

Thu Jan 25, 08:50:00 AM EST  
Anonymous Anonymous said...

Beanie,

Do you think NYX at 101 is a good entry point. What is the downside pricewise?

Thu Jan 25, 08:55:00 AM EST  
Anonymous Anonymous said...

Comments on where GOOG will go after earnings are announced?

Thu Jan 25, 09:04:00 AM EST  
Blogger beanie11111 said...

NYX: earnings is next friday. The stocks should being seeing new highs most definately after that.

Thu Jan 25, 09:11:00 AM EST  
Blogger beanie11111 said...

NYX: if it looks like it's gonna stay positive this morning, get long and hold thru earnings

Thu Jan 25, 09:12:00 AM EST  
Blogger beanie11111 said...

I still think we may get a correction today. I would like to be proven wrong because i own NYX. lol

Thu Jan 25, 09:13:00 AM EST  
Anonymous Anonymous said...

NYX = bloated pig!

that son of a bitch has cost me almost $2,000....yeah you can blame it on me and my poor timing, but I blame it on market manipulation!!!!

:)

-mark the rat

Thu Jan 25, 09:24:00 AM EST  
Blogger beanie11111 said...

GOOG should impress next wed with its earnings

502.25

Thu Jan 25, 09:37:00 AM EST  
Anonymous Anonymous said...

this is the last time i'm going to mention GIGM for awhile

hop aboard people

when it closes above the $11.50 range, i think the 52-wk. high should be taken out soon after that

then once the 52-wk. high is topped, then look out above!!!


Van_G

Thu Jan 25, 09:54:00 AM EST  
Anonymous Anonymous said...

beanie,

help! i bought 1500 (max on margin) ebay at 33.50 and i'm down now bigtime....thoughts?

thanks,

mark the rat

Thu Jan 25, 10:05:00 AM EST  
Anonymous Anonymous said...

CCUR, expect positive earning jan 26 2006.

Thu Jan 25, 10:17:00 AM EST  
Blogger Johnny3185 said...

This might be a good time to pick up some SMD...

Thu Jan 25, 10:21:00 AM EST  
Anonymous Anonymous said...

Beanie is right again. Market is down.

Thu Jan 25, 10:22:00 AM EST  
Anonymous Anonymous said...

Told you all to buy SEED at $10.

Thu Jan 25, 10:25:00 AM EST  
Blogger beanie11111 said...

markrat,

why do you do things like that? lol

I already told ya it's a corrective day likely. If you gonna play the long side, you gotta be quick and get out quick.

Thu Jan 25, 10:32:00 AM EST  
Blogger beanie11111 said...

markrat,

but don't worry, i think EBAY is headed higher. If markets don't crash, you be ok

Thu Jan 25, 10:34:00 AM EST  
Anonymous Anonymous said...

How's XING treating you guys? Up another five percent today for a total of 35% since I recommended it! Love it!

Thu Jan 25, 11:30:00 AM EST  
Blogger beanie11111 said...

EBAY should have a great year

Thu Jan 25, 11:49:00 AM EST  
Blogger beanie11111 said...

AAPL: the moment it goes NEGATIVE, pile in more shorts!

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

come on beanie, be good...
give me a good short today....if you make me a quick 1,000 i'll mail you 50 bucks :)
-mark the rat

how about ebay as a short today.....

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

Why would you ask beanie if EBAY is a good short when he already said to buy it at 33.50 this morning??

Thu Jan 25, 12:47:00 PM EST  
Anonymous Anonymous said...

Beanie,

Which way is the market going?

Thu Jan 25, 12:58:00 PM EST  
Anonymous Anonymous said...

Nuvo is filling me full of rage. 3.53 now.

Any thoughts beanie?

Thu Jan 25, 01:12:00 PM EST  
Anonymous Anonymous said...

anonymous,

beanie said ebay would have a great year....that doesn't mean it can't go down today though.....

-mark the rat

Thu Jan 25, 01:17:00 PM EST  
Blogger beanie11111 said...

AAPL: if it goes below 87 this time, short it

Thu Jan 25, 01:29:00 PM EST  
Blogger beanie11111 said...

AAPL: if 86 breaks tomorrow (or today), short it like hell

Thu Jan 25, 02:14:00 PM EST  
Anonymous Anonymous said...

Beanie,

Should I cover AAPL today or hold off for another day?

Thu Jan 25, 02:45:00 PM EST  
Anonymous Anonymous said...

EFUT on the move. Why??????? Is the market so bad that we are creating our own action.

Thu Jan 25, 02:57:00 PM EST  
Blogger beanie11111 said...

anonymous,

do not cover AAPL yet, not today. If 86 breaks, you can hold the short a few days

Thu Jan 25, 03:06:00 PM EST  
Anonymous Anonymous said...

google down today, good short here?

-mark the rat

Thu Jan 25, 03:14:00 PM EST  
Blogger beanie11111 said...

markrat,

i think it's too late to short GOOG, if you didnt do it this morning. On top of that, next Wed is earnings.

Thu Jan 25, 03:17:00 PM EST  
Anonymous Anonymous said...

thanks beanie...i made wayyy to many trades today and lost $600...not a good today....
hope you did better!

-mark the rat

Thu Jan 25, 03:23:00 PM EST  
Blogger beanie11111 said...

today could be a key reversal day, meaning we go down the next few days.

Thu Jan 25, 04:01:00 PM EST  
Anonymous Anonymous said...

Thanks Beanie. Made me some money today. See you tomorrow.

Thu Jan 25, 04:17:00 PM EST  
Anonymous Anonymous said...

Hi Beanie11111,

I have this short list for tomorrow:
AAPL, TRID, ATHR, EABY, NETL. What is your idea?

Thnaks for your instructions which I fully understand. I made $1700 today.

Coolger

Thu Jan 25, 08:22:00 PM EST  
Anonymous Anonymous said...

add CCUR to your watch list fro friday. earning report @ 10.am. price could go up or down.

Thu Jan 25, 09:31:00 PM EST  
Anonymous Anonymous said...

Hi Beanie,
Thanks for OPBL. Do you think CCUR will post good results?

Thu Jan 25, 09:42:00 PM EST  
Blogger beanie11111 said...

Remember to go with my ORIGINAL post, especially if you're confused.

ALot of the times, i post alot of comments on what's going thru my mind at the moment. Like today, in the early morning, i felt that the market could betray my sentiment because Cramer was pumping stocks like a maniac again this morning in his special edition bulletin. I saw AAPL ramping up like a crazed monkey.

Then i started bashing the stock on the AAPL messsage board, and forgot about this blog.

lol

Thu Jan 25, 10:37:00 PM EST  
Anonymous Anonymous said...

Beanie:

Anybody playing TRMM. Showed some strength today on a little volume. I held off, playing for a pullback in the 260's. What do you think?

Jim

Fri Jan 26, 05:22:00 PM EST  

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