Even though CSCO is higher premarket, the other tech are only gapping a little bit.
Unless we get a strong high volume market rally with stocks gaining huge, i still feel a correction is coming.
Hence, NYX and AAPL are still shorts for me on any rise. NYX is a definate short. AAPL, on the other hand, because of a decent reversal yesterday i'm gonna see what it does this morning.
good luck.
Hence, NYX and AAPL are still shorts for me on any rise. NYX is a definate short. AAPL, on the other hand, because of a decent reversal yesterday i'm gonna see what it does this morning.
good luck.
posted by beanie11111 | 8:36 AM
97 Comments:
shorted AAPL mid 84
Today could be the day we start the correction. So be careful on the long side.
Is that just a hunch or do you have any substantial evidence pointing to a correction?
anon,
"Substantial evidence"? lol.. Only a real psychic can give that kind of evidence! lol
i covered my AAPL. Hoping for another rise to short.
EVIDENCE?????
76% of stocks are above their 200 day MA.
How many buyers do you think are left???
I will get back in when that number gets to 50%
If you gotta go long, NYX at 97 may be it
wow, brutal selloff and the nasdaq isn't even negative yet!!!
This could be the day!!!
Go long on NYX
beanie wat r your thoughts on NTRI, i'm thinking of shorting it here, please advice.
AAPL mid 84 again, short it
Alok,
i believe it's a little too late to short NTRI
Gosu, curious as to how you got that number (76%)?
i think your right, also the mkt seems to be gaining strength now. after one hr of trading, it looks like today might be a positive day for the mkts. what say a burger bet again :)
hey man, i rather see the market go much higher than see it go down.
But AAPL is still a short in the mid 84
How can you folks not be making money lately?? lol
geez louise, we need some Cramerica pumpin in NYX
i think most of the people on your board are must be making money. i am making a killing on LTS, i am afraid to sell it cause it goes up so much everyday. beanie some serious input needed on LTS, what do u think would be a good price to see, i think i would like to sell in two levels.
AAPL intraday cup&handle formation. A breakout means watchout
Beanie, you going long with calls?
Calls on NYX, that is...
beanie, are you still short AAPL
AAPL: no longer time to short.
NYX: i own the stock but no calls. The exchanges seem to be correcting
AAPL has big resistance at 85. A break above that is green light to go long long long and then long!!
AAPL: i own some long position. Will add more above 85
beanie-
i'm thinking about shorting GIGM
i hear that their growth prospects are no good & it can't sustain its current run to above $12.00
considering going short around 10% of my portfolio
any advice???
NYX: owning at 97 is relatively safe for today
anon,
GIGM looks kinda dangerous to short especially when it's trading at 52week high
thanks, beanie
i'm not going to short GIGM now
you're the best, man
the market totally confounded everybody today. Major rally that nobody expected. It could end up to be a really big up day (like the nasdaq gaining 35-40 points).
We've been riding NYX and AAPL down like mad. This is the time not to press our bets on the short side, unless the market goes negative.
OPBL down big!!
GIGM UP HUGE
i'm having an AWESOME day today, thanks to beanie!!
wow, volume dropped off dramatically .
hmmmmmm
XNN is up another 7% today. Hope everyone got back in by now.
:-)
no it didn't
volume on GIGM is huge right now
just took out its 52-wk. high
i think beanie deserves FULL CREDIT for xnn. he said to load the truck at $2. its now at $2.85!!
How did I come up with 76% number for stocks that are above their 200 day MA...just click this link
XING new 6 year high on huge volume!!
Volume for the general market went asleep the last 30 minutes. Hopefully we close strong today.
Nasdaq + 40 would make my daya!! lol
OPBL down bid today, comment beanie?
I meant down big* today
man, that Tanner guy on CNBC is such a liar, in my opinion. Get the drugs out or else people will die and suffer?? c'mon man, you're so full of it and so paid.
anon,
I already said to get out before earnings because there were cracks in the chart.
If we can throw tomatos at CNBC talking heads, i'd be throwing 50 at that piece of lying sack.
NYX is done going down
GIGM
GIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGMGIGM
GIGM
well, AAPL is now above 85. Guess what? It's going higher.
Obviously, CSCO is a buy also
todays my best day eva! thx beanie!!
AAPL at 86 wow
beanie,
awesome call on apple. you are the man.
unfortunately i played it wrong, but oh well.....
still a buy here at 86 or wait for pullback?
thanks,
-markrat
yeehaw!!!!!!!!!!!!!!
mark,
I'm not sure whether AAPL is done going down and headed alot higher or just getting a short term rebound (for a day or two) and then go down. But i think it will get to 87.50 today or tomorrow.
mark,
in other words, i probably wouldn't be buying here
I have a big long position in NYX and AAPL and happy as heck that we essentially caught the bottom. :)
With a hot green day like this, all you can do is hold onto your long positions and enjoy the ride. Don't get fancy with your trading. Just ride it, but watch for any possible reversal towards the close.
Any opinion on BRLC? Tommorow is earnings day
anon,
I wouldn't hold BRLC thru earnings. It's never too late to get in if it rallies after earnings.
Great blogg, been lurking for a while - really informative.
Any thoughts on yahoo, its been a tare the last couple of days! Disclosure I am long since earnings, (also have some puts for insurance)
Anyway I think it still has room to run. Any thoughts out there
cheers,
chili
i took some profits on AAPL. Just some.
chili,
YHOO and EBAY should have a great year, whether we get a market correction or not
NYX: this stock is weakening. We probably have some more downside to go.
Market weakening. If we get our correction, NYX could see 88
I am now out of margin and 72% into cash.... the rest is in quality Beanie stocks. Let the correction begin!
Beanie,
What do you think of shorting FEIC? It's up big today.
Cramer pumpin techs just now. Few more weeks of rallying he says.
Go with Cramer on this one. Go with tech.
AAPL will see 90 on this leg up. 95 (the gap) is a possibility but stretching a bit there.
Go with Cramer?? Seriously?
Anyone comments on IMOT.OB i got in at .44 and now its .36 kinda pissed wondering what anyone thought about the stock and if i should just bounce now or stick in it and try and make my money back
elmyko1
XNN is taking off again. Should we hold into tomorrow?
XNN has gone from $2 to $3 during this past month. There should be lots of smiles here! :-)
jakegint,
yes seriously go with cramer.
Check out TTH.TO
(traded on toronto exchange). I bought in at 1.3. Nice run up last few days.
Expected to go a lot higher with the drugs they have in the pipeline. I will sell at $5.
My goodness, the bears got hurt badly today. lol
More tomorrow. Go with tech. Go with Cramer.
Beanie,
FYI :Is anybody watching ZVUEW? I bought some 2 weeks ago 1000 shares @ 1.02, it closed today at 1.60!:)
AKAM: looks like a short, kinda like what happened to GOOG. Let's look for a gap up on this one tomorrow and short the hell out of it?
Beanie,
BRLC earnings tomorrow. waht do you think ?
all of these apple rumors are crazy... this could be big
beanie,
do you like any of these bitches?
RAH
SWS
EDU
SPTN
thanks,
markrat
shit...what about BLUE?
up 30% today
-markrat
just a few weeks ago (meaning 3 weeks ago) Cramer was telling everyone to get out of techs.....similar to the banter and "advice" that gets doled out here.
beanie11111 said...
AAPL mid 84 again, short it
lol now you say your long AAPL?
beanie,
all this talk about AAPL and NYX, and no mention about MA!!
MA moved today on average/below average volume....Earnings are on the 9th, do you think it's a buy here...it's at 112.5 afterhours....
my gut says that they are going to report blow-out earnings, but i have nothing to base that on other than the fact that i use my credit card for almost EVERYTHING :)
much thanks for your thoughts as always,
-markrat
markrat,
MA has been trading rangebound for some time now. Earnings is kinda crapshoot this friday. Could go either way. Good longer term play.
anon,
Regarding AAPL call to short at mid 84, we made money several times on that play. I am first and foremost a daytrader who happen to also hold positions for an extended period.
AAPL's reversal yesterday is confirmed today. Going higher. I sure hope it takes out 90.
Regardless of what most people think, Cramer does affect the markets with his general market calls, at least for the short term.
I guess he doesn't think tech is as bad as he originally thought. His call for the tech sell only lasted 2-3 days, and today he thinks techs are going higher for 4 weeks.
Obviously he is a trader (as opposed to investor) by nature. Successful traders must be flexible and change with the markets. (Herb Greenberg, on the other hand, is not a trader as he is very fixated in one direction only. In fact, Herb is not even an investor. His frame of mind is simply not conducive to being either a trader or an investor.)
Cramer sometimes gets alot of people mad as hell because he changes his mind so frequently. But instead of getting mad, people should take advantage of his calls and position themselves accordingly, even if just for the short term.
CRM:
One of Beanie's 4 Horsemen trading at all-time highs. CRM will become a behemoth. (How many times have i already said that? lol)
beanie BRLC ??
I would not hold BRLC thru earnings. Buy it if they impress.
beanie,
CRM is already over 5 billion market cap.....how much bigger can this baby get?
-markrat
i read your original post on CRM back in september.....i see your point but, the next ORCL? that might be a bit of a stretch...no?
-markrat
mark,
Of course not! On-demand software is the wave of the future.
Who would have known Oracle, a database company, would become such a behemoth? But it did.
CRM was taking market share from Siebel systems, which eventually sold itself to Oracle. The Customer-Relationship Management space is an important sector and CRM is slated to dominate that space alone.
CRM has many on-demand products that many companies are currently using.
But there's more....
loaded CRM yday
growing 50%
low float
breaking estiamtes
broke of a cuo and handle
no resistance ahead
very nice
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