ICE is still a great long term play.
I own a core position and i daytrade this stock as well.
Longer term, i have no doubts it will see $300.
Meanwhile, this coming week, short ICE below 160 or go long above 164.
ICE didn't tank as i expected today while every thing else (including the exchanges) went down. ICE is a very strong stock, so i ain't gonna play from the short side if it breaks above 164 next week.
Good luck.
Longer term, i have no doubts it will see $300.
Meanwhile, this coming week, short ICE below 160 or go long above 164.
ICE didn't tank as i expected today while every thing else (including the exchanges) went down. ICE is a very strong stock, so i ain't gonna play from the short side if it breaks above 164 next week.
Good luck.
posted by beanie11111 | 1:51 AM
47 Comments:
NVDA:
still a short here at 32.65
NVDA is on its way to 28
hahaha beanie whats up, ICE giving you nightmare's??????
short the homebuilders next week. their ridiculous run is coming to an end. many slipping below 50 and 200 day moving averages.
Looks like brokerages took a beating friday. Goldman Sachs, Bear Sterns, Lehman brothers, Morgan Stanley, Merrill Lynch, mostly down 3% or above.
Any idea whats going on? It looks like they are going down on their mortgage exposure. Is this mortgage thing about to blow up?
Along with the homebuilders that pat mentioned.
Beanie,
ICE reminds me of HANS when it's making its meteoric rise, shorts lost so many battles. Though they finally won the war years later but at what price? For me it's easier to hold long and hope for a better day. You got to be consistent with your ideas and your adopted basic strategy for investing. Some people really think they can always pick up some hot tip on this site and buy without doing their own DD.
anon, i think your totally missing beanie's suggestion here. he is bullish on ICE long term, but for day trading he is going to short if ICE falls below 160 and will go long above 164.
I'd say the reason the brokerages took a beating was due to gold heading higher indicating a possible fed rate hike. A steepining yeild curve would damage all financials.
Alok,
I understand the basic trading strategy of beanie. And I do understand his long term view on ICE. I am just expressing a difference of opinion. I never short a stock, because I find it more difficult.
Right on Anon. I rarely short. If I think the markets going down, I just stay in cash.
Trading is all about odds, This chart will tell you that shorting anything will place the odds against you.
Short IIG or buy puts
-M
Hi Anonymous,
What does XING look like for next week? Thanks Pamfla
Pamfla,
I think XING is good long term hold, but I think there might be some correction if it ever it goes up again. I tried to buy it around 17.70 but I under bid by 4 cents. By the time I tried again the next day it was up over 19. Looking at 52 wk range-very volatile. 42% sales & 79% income growth rate, 14% profit margin in the last 12 months. Xing is 4th largest in china (among telecom).
Anon, going long and short are two methods you can use make money. if you want to be a day trader you have to master both techniques, there is not doubt about that.
and GOSU just what the heck were you trying to proove with that chart, so S&P is going up, but it has also gone down. now why not make money when its going down by shorting stocks. if i were a day trader, or even if i were to make trading my profession, i'd be damn sure to master shorting stocks so that i have my butt covered when there are phases of corrections and ressessions.
just my take, again a different opinion, i dont think there is anything wrong with shorting as long as you know what your shorting and why. and i made a big mistake by shorting ICE, i learnt my lesson, i dont think i'll be shorting strong stocks again.
Alok said:
"i learnt my lesson, i dont think i'll be shorting strong stocks again."
I rest my case.
Thankfully, all my shorting has been in my simulated trading environment.
GOSU dont get me wrong, its not that i haven't made any money shorting. i made money on the shorts on SAY and NTRI. its just that ICE was one wrong pick (for me, i mean you guys are experts, but i cant play ICE the wrong way).
Hi Alok,
Thanks for you information on XING. Been playing with this stock for a while now.. The high was 19.94 on Friday..closed 19.55 or around there. Bought some early in the 19.20's...Pamfla
hehehe Anon, i think you have me confused with someone else. I didn't recommend XING but i'll take your thanks :-)
Didn't Pamfla mention she has ADD. LOL
Wow, you guys are active this weekend.
Anyways, shorting is an important tool that daytraders use to make money to pay their bills if stocks head south. Why not take advantage of it when you can? The only problem you need to be careful off is holding the short overnite and the company get's acquired the next day!!!! lol. But if you don't put all your eggs in one basket, you should be ok holding shorts overnite.
On Friday, both shorts and longs made alot of money on ICE. It was a $5 move both ways TWICE!!! (I gave ya one of those shorts at 164.)
Please note that i still love the exchanges and believe they are all headed higher in the longer term. If you are not a daytrader, you should simply hold onto the stocks and wait. It looks like i am constantly changing my mind about them but i'm not. When i do that, i'm either daytrading or swingtrading the stocks. As a daytrader, i gotta make money to pay my bills you know.
I say it here again: I LOVE THE EXCHANGE STOCKS AND THEY ARE A GREAT INVESTMENT. How can you not own NYX, a 200-year old company? That's older than GE!!!!!!!! lol
Shorting should always be used as a very short term vehicle to make money. Never use shorting like the way you long stocks. Historically, bulls will kick the pants out of the bears, because the markets go up more often times than they go down.
However, stocks tend to go down alot faster than they go up. So if you got a short at the right time and the right place, you can make a quick killing. But never use shorting as an investment tool. In other words, don't use shorting as your main way of making money. If you do, you will be sorely regretful.
ICE:
Appeared strong on friday, but still it traded at a lower high and a lower low than the day before. The sentiment is undecisive at this point. If the markets head down on Monday, which i think it will, can ICE remain strong?
Stocks fall fast and furious, but the market action for the past whole week has acted as firming my thoughts against shorting. Markets this week, would start falling fast and furious, but suddenly out of nowhere somebody would start buying Dow, S&P and Nasdaq futures, causing all automated program trades to buy stocks.
I am not big on conspiracies, nor do I know enough about existence of the Plunge Protection team, but the action this week is a little suspicious causing me not to go short.
Beanie,
You're right, shorting is an important skill that a daytrader should have to make money when market is down. The point is it is still risky even for an experienced trader.
Remember how many people here lost money on XNN last year?
What do you guys think about MSI?
Beanie, others, please do me a favor, spend some time researching MSI, and let me know what do you think.
GIGM:
a good longer term play. This was a recommendation several months ago. Still has much more room to run. Easy double?
God damn what his happening to the Denver footbal players. any NFL fans here???? I feel so bad when one of these guys die, they are so young, work so hard to earn their millions and then dont even get to enjoy it. its just so sad.
The guys who posted the Dwight Shrut stuff here, did anyone watch SNL tonight (or is watching i should say), he is on. Gosu go see yourself (alterimage) on TV :-)
HANS:
do you have the gonads to go long into earnings this coming Tuesday?
They should announce very blowout numbers which could send the stock $10 by Wednesday.
HANS is not a dead stock as Cramer believes. HANS' destiny is to become a behemoth. And it shall.
Gosu,
It was sgv who wrote me about XING. I am a little strange at times however, not ADD. LOL
Beanie, HANS is trading 36.00
currently..Stock could go up 10.00?
Pamfla
pamfla,
yes, that is my take on the stock. I could be wrong and have eggs thrown at my face but i strongly feel the stock will gap higher after earnings.
stop churning your accounts and buy JADE and tuck it away for a year its going much higher...
huge growth potential and funds are buying hand over fist...!
Beanie,
Thanks for the post about HANS.
Still intrigued by XING. Want this to blow past 20.00 tomorrow..
19.94 was high on Fri. don't want torepeat myself cause of my ADD or
ADHD. LOL
Pamfla Have a great Sunday
Pamfla,
I lost a lot of money when Hans went down last year. But I got a small lot of shares @28. Did not follow up-I just lost a little faith in the stock. But I think beanie is right, they're doing well with their sales and distribution deals. Would go up and stay up to around 42-48 this year.
And I think beanie should also keep reminding us of these type of buy recommendation for long term holds- stable revenue, below-average risk returns & performance- to balance risk we take whenever we do day trading.
This is funny
Read #4.
This guy Beanie is a fucking idiot. This douchebag has been blogging since '05 when he used to recommend shit penny stocks. The guy's a loser. I'd shit on his face.
GEE WHIZ ANONYMOUS, DON'T YOU ENJOY ENTERTAINMENT? I BELIEVE THAT MONEY COMES AND GOES, BUT TRUE, UNCONDITIONAL LOVE DOESN'T COME EASY. TAKE IT EASY, YOUR POST WAS NASTY !
PAMFLA
THANKS sgv for suggestion with HANS. Don't have the $$$ right now..will reconsider in a day or two.
Pamfla
Anon,
that's really very crude and a bit too nasty. bet you lost a lot of money following his picks. it's your greed and naivety that doomed you to failure. if there's anybody to blame, blame yourself. not beanie. chill out, grow up and move on with your life. if you lost money playing the stock market, maybe it's time to reconsider other options!
Wow, Beanie has been blogging since 2005?? As a newbie to this blog since December, I would like to hear what his long-term track record has been. Frankly I'm not impressed with his short-term record. Has anyone actually made money overall from his picks??
Tommy
Actually, I am a moderately successful futures trader, thank you very much, to the moron who assumed that I was actually dumb enough to dump my money into one of Beanie's hyped up, hardly thought out, emotional picks. I have seen this faggot leaving his URL on websites for years. He is not a guru or a pro, but an ATTENTION SEEKER. I actually accidentally stumbled upon this site today and couldn't believe my eyes that he still has people believing his bullshit. The guy is just interested in power and wants and audience. Sadly, he is in denial. If you want to really learn about trading look at a blog of a real trader like the blog at www.neoticker.com (and no I'm not selling the product). These guys use statistics and actually know what they're doing.
"In the valley of the blind, the one-eyed man is king." I guess it's true, "A sucker is born every minute."
Trading is not a winner's game, but a loser's game. The biggest winners in the markets are those who have a quantifiable edge and have EXPERIENCE (years) to exploit it. Beanie has neither. Most of your are newbies. I was there once as well. But just know that stock advice is just like belly buttions, everybody's got one. And Beanie's picks are just emotional like 90%+ of the other stock market losers. Good luck.
Tommy,
I did made a lot of money based on his picks. But of course, I did pick the ones that I think would have the best chance. To name a few: EFUT,RVBD,GIGM,XNN,ZVUE,LMRA,BRLC,NYX,
HTI and others. Yes, he can get excited sometimes. And I do express difference of opinion from time to time. And I do my own DD and research. Am I a newbie- yes for day trading, but been trading on and off for the last 20 years.
This accusation is not the first time I've seen. I don't know beanie personally but I can guess, he's probably about 38 years old, married, living in California. Have a college degree and most probably just staying at home doing day trading. He can be kind and considerate, and I feel he's an honest and sincere person. He is well read, could be a nerdy kid once, could be shy and have a few close circle of friends.
And deeply passionate about stock trading. Am I close, beanie? What do you think guys?
Tommy, my complaint with Beanie is that I no longer trust what he says. Take ICE for example. All day Friday he's telling everyone to short it and then on Saturday we find out it's in his "core position"! Obviously he was buying it while telling us to short it. What's with that!!
Mark
Mark,
I alreay explained about ICE. I like it longer term because it's going to $300. But for daytraders, they should short on friday. I also explained how to play it tomorrow as well, for the daytraders/swingtraders.
ok folks, i have just posted new recommendations that if you take advantage of them, you could get rich in a few years.
Read it now!
Anon - the moderately successful futures trader,
Why all the hostility? Just to push a product? lol
I wanted to see who this special trader is and read his blog and all the blog does is to push the product. http://newsletter.neoticker.com/
lol... You're better off with me.. New recommendations just posted!!!!! :)
What a phucking idiot, Long ICE at 164 and short ICE under 160. I'd be buying under 160. It goes to show you that this moron knows nothing. He doesn't know what to do when the stock is stuck between 162-163. Anyone who listens to this idiot should jump the bridge.
I bought more shares under 160 on Friday, seems like I'm doing fine.
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