Beanie11111: NYX: short it on this gap up or run near 102.

About Me

Location: USA

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 31, 2007

NYX: short it on this gap up or run near 102.

NYX closed @ 100.75

Market futures taking a beating this morning.

Short NYX for a daytrade.

Other than that, i don't think it's a good idea to play either direction until after Ben speaks.

32 Comments:

Anonymous said...: google a buy today???? usually gaps up after earnings, although i think expectations for goog are sky high....any thoughts beanie?

thanks,

mark the rat; Wed Jan 31, 09:30:00 AM EST
beanie11111 said...: AAPL: Cramer came out this morning to defend the stock again. Buyers got Cramerized for the 4th time in 1.5 weeks!!!! roflmao!!!; Wed Jan 31, 09:41:00 AM EST
Anonymous said...: what the hell, i tried shorting NYX, which i have done before...and ameritrade says they aren't available to sell short right now....wtf???

ughh..

-the rat; Wed Jan 31, 09:42:00 AM EST
beanie11111 said...: mark,

if i wanted goog, i would have bought in the low 490 rather than right now when it is near 500.

Up to you.; Wed Jan 31, 09:53:00 AM EST
Anonymous said...: hahah yeah, well you could also say "if i wanted goog, i would have bought at 100" :)

but i know what you mean....

just wondering if it's worth the possible "pop" after earnings; Wed Jan 31, 10:00:00 AM EST
beanie11111 said...: AAPL: good short near 85; Wed Jan 31, 10:14:00 AM EST
Anonymous said...: shorting AAPL at 84.81, thanks Beanie!; Wed Jan 31, 10:25:00 AM EST
beanie11111 said...: GOOG: i've already mentioned it 2 days ago the last two days at the low 490. In light of a potential market correction, it's probably not worth the bet to buy and hold it thru earnings.; Wed Jan 31, 10:26:00 AM EST
Anonymous said...: ZVUE on fire! Awesome news this morning.; Wed Jan 31, 10:28:00 AM EST
beanie11111 said...: Again, it's still GOOG holding up the techs; Wed Jan 31, 10:41:00 AM EST
Anonymous said...: beanie,

this is kind of a stupid question but...what is the least profit you would accept before pulling the trigger when shorting aapl..... I've done it about 4x today for about 60 profit each time.....10 commision each way definitely takes a bite out of that....any thoughts on the whole "over-trading" aspect?

thanks,
the rat; Wed Jan 31, 11:06:00 AM EST
Anonymous said...: wat time is the GOOG earnings release today. ?; Wed Jan 31, 11:38:00 AM EST
Anonymous said...: XNN news
http://biz.yahoo.com/prnews/070131/law062.html?.v=88; Wed Jan 31, 11:42:00 AM EST
Anonymous said...: Those who took my advice to buy XNN should have huge smile on their faces! :-); Wed Jan 31, 12:11:00 PM EST
Anonymous said...: not really anonymous. the news isn't that great. xnn will come down from these levels.; Wed Jan 31, 12:14:00 PM EST
Anonymous said...: you cannot advice as anonymous ..and claim its your call.; Wed Jan 31, 12:55:00 PM EST
Anonymous said...: run, GIGM, run!!!!!!!!

up 5-6% today again; Wed Jan 31, 01:26:00 PM EST
beanie11111 said...: Just got back from an errand run and booyah!

NYX: sweet profits on the short! wheee.; Wed Jan 31, 01:38:00 PM EST
beanie11111 said...: Mark,

If you think you made a great entry, why not wait a little longer and let the stock (AAPL) play out? The last several days, we zapped it on the gap up and each time it gave us more than $1 profit.; Wed Jan 31, 01:40:00 PM EST
gosu said...: Beanie, who is your broker? I wanted to short NYX today, but the broker did not allow short on NYX.; Wed Jan 31, 02:01:00 PM EST
beanie11111 said...: Looks like the bulls win today; Wed Jan 31, 02:29:00 PM EST
beanie11111 said...: Alrighty, i'm calling it a day.

I am long NYX and a little bit of AAPL.

see ya tomorrow!; Wed Jan 31, 02:35:00 PM EST
Anonymous said...: shit, i bought 100 goog.....thing is tanking after hours....... think i should try to dump it?
thanks,
the rat; Wed Jan 31, 04:18:00 PM EST
Anonymous said...: ehh..forget it...i dumped it....
i'm a moron.....live and learn.
bye bye 1300 bucks
-the rat; Wed Jan 31, 04:29:00 PM EST
Anonymous said...: very unfortunate markrat, you really had a good shot at making some money, who would have thought that goog would suck. now we will have a real issue tomorrow if it takes the whole tech sector with it.

BOL
alok; Wed Jan 31, 04:44:00 PM EST
Anonymous said...: I would not worry about GOOG. Earnings report looked good...looks like a typical buy on rumor and sell on the news.

Hope it dips to the 460s. Looking to enter in that area.

JSPADE; Wed Jan 31, 05:05:00 PM EST
Anonymous said...: JSPADE,
thanks but ....my worrying is over because i dumped it...now i just need to worry about making back all the money i lost....oh well, tomorrow is another day! :)

-markrat; Wed Jan 31, 05:17:00 PM EST
Anonymous said...: 7 pm NY time and google is back up to 498.......the street wins again. (scare morons like me into selling)
-rat; Wed Jan 31, 07:14:00 PM EST
Anonymous said...: So Beanie when will be the market correction? Surely not today!!LOL; Wed Jan 31, 10:31:00 PM EST
Anonymous said...: Hi Beanie,

I feel the Market crash is coming, but it will not be a big one. What percentage do you think it will drop? I have some tech stocks that are down 25%. What to do in this case to minimize the crash loss?; Wed Jan 31, 10:43:00 PM EST
beanie11111 said...: anonymouses,

I, like most people, don't know when the correction is coming but we all feel it's coming, like a nagging itch in the arse. That's why i recommended buying April puts on the QQQQ or SPY as hedges. We'll play the market whatever it gives us on a daily basis. When the correction does come, we'll know it in a big way. lol; Wed Jan 31, 11:31:00 PM EST
Anonymous said...: go GIGM
go GIGM
GO!!!!!!!!!!!; Thu Feb 01, 07:57:00 AM EST