NYX smackdown!!!
NYX closed @ 97.24
Today i'm hearing it got downgraded by Goldman Sachs to neutral.
lol
Today i'm hearing it got downgraded by Goldman Sachs to neutral.
lol
posted by beanie11111 | 8:15 AM
About Me
- Name: beanie11111
- 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!
- AAPL is going higher, AKAM is going lower.
- Even though CSCO is higher premarket, the other te...
- I will start shorting NYX for awhile as long as it...
- Tech wreck comin your way?? AAPL slammed!
- AAPL had a nice reversal yesterday.
- NYX: short it on this gap up or run near 102.
- Flashing red warning!!!!!! Market correction is c...
- AAPL gapping up premarket can be shorted.
- AAPL: the shorts are waiting for 86 to break.
- Don't be too excited to buy stocks Thursday.
181 Comments:
I am buying a little bit on the gap down for a daytrade here at 95.70 . May add more on a morning lower dip.
how's 50% of my cash balance for now and 50% more on a dip?
-markrat
CMI is a short. You can buy March puts.
markrat, how about 25% and 25%? You getting too dangerous; I'd rather you not buy premarket and instead wait to see what happens after the open.
mark,
i guess going 100% in on a decent stock is no big deal. Just don't do the massive margin thing you did yesterday. lol
thanks beanie, but too late.... :)
i'm kidding....just 100 shares for now.
-markrat
thanks to whoever recommended ZONS yesterday. its now up almost 25%!
It was me. I'm glad to contribute something to such a great stock blog! Hope everyone else made a nice profit on it.
ICE buyers clueless?
I am short ICE at 154. target 147.
cover at 157
beanie...whats ur long term outlook on AMD? 6months-year
XING XING XING XING!!!!!!!
I didn't see any body mentioning ZONS
until almost 4 hours after it made its big move, by then it was too late
Not a word about AAPL? What do you think Beanie? I'm long and nervous again.
Tom
Beanie,
What do u think of MA?
Whatever happens today, the market should be headed down on Monday.
Tom,
yesterday near the close, i told everyone to sell AAPL
OPBL on fire. Where will this stock be in the short term?. Also
XNN earnings on feb 14th. Can we hold XNN.
Thanks beanie
MA a buy here at 104.5?
-markrat
beanie, i had shorted ntri at 45.24. should i cover here, or wait for the decline on monday?
wow look at AKAM today, seems to be doing the reversal thing again.
die ICE die!!!!
massive timberrrr comin for ICE
MA....when will it stop
-markrat
do you think NYX has bottomed here around 92?
alright beanie, i learned my lesson....was up 500 bucks on MA today, sold....bought back 1000 shares at like 103.20......now i'm down about 1500 bucks....sell???? i think it's wayy oversold today. what do you think?
-markrat
markrat, I think your a f***ing idiot
with too much money. It looks like the market is taking care of the too much money part though
anonymous,
why so hostile? my loss is your gain if you play the market right.
-markrat
markrat,
save some money for the uptick on LTS when it goes up from this correction. like OPBL i think it will bounce back soon in the next week and help you make up for your losses this week.
BOL
holy crap, MA and NYX are tanking today. Glad I didn't pull the trigger on Beanie's recommendation. Damn....
fuck me so hard, down 2500 on MA
anonymous hope you're happy!
-markrat
hey there could be children here, mind your language .....
I'm predicting MA will drop to 97.50 by the end of the day.....
mark the rat,
Please...profit is profit..take it and get the hell of there.
That is the difference between gambling and investing
dump it?
anyone?
down 2500..ughhh
shoot me,i'm the new pamfla
-markrat
WTF what a turn, the whole mkt is negative and in the past one hr i think they started falling hard, i think we'll be negative big time today.
looks like beanie is in recovery mode, havent heard from him in a while, best of luck guys, hope your not caught on the wrong side of the trade, mkt seems to be doing worse. thank god i have one short in ntri (although i wish i had shorted AKAM)
almost every stock i watch is down around 2% today
Guys, read my last few posts...76% of the stocks are above their 200 day Moving Average. There is no way market is going up from here.
Its time for a correction.
i am 100% cash at the moment. I got lucky and sold yesterday before todays down day
Your the new Pamfla! That's funny. No one wants that title. Speaking of, what happened to her anyway???
i stand corrected, lol looks like NTRI will catch up with AKAM :-)
Someone here said Pam is over on the yahoo message boards.... no doubt losing money there too. lol
gosu,
any thoughts on what i should do?
down 3k on my 25k portfolio
thanks,
markrat
marktherat,
If I am caught in your position, I usually put sell limit orders on stocks about 1-2% above their present market value. For example, if I bought MGM this morning at 75 and it is at 73, I put in an order for 73.73.
This is just based on experience that the order will get executed 100% of the time.
gosu,
thanks but my question is should i take this GIANT loss of 3,000 or try to wait it out a few days?
-markrat
at 101.2 it's about 2k loss
-markrat
Hey nice call on ICE. What is your downside target?
ICE: already covered a big position
ICE could still see 144 if 147-148 breaks
The reason i'm taking ICE profits is because we only got 1 week left before expiration. Not gonna get greedy.
beanie,
help! sorry to be a pain but do you think i should dump MA or try and hold? 1000 at 103.2.......
-markrat
NYX: 92 has short term bottomed.
AAPL: i bought it near 84. But protected by March puts just in case STevie Wonder Jobs gets in trouble
mark,
holy crap, I wasnt even paying attention to MA today. I would have shorted that dog!!
MA has support at 100. I think it should hold today. If not, oh well.
oh man , mark, if you should have shorted MA when it went negative this morning.
tell me about it...i should have shorted 1,000 at 105......
-ughhh
thanks,markrat
I am just having a wonderful day. ICE really made my day and weekend.
That's it for me today. Have a great weekend!
I'm just gonna lurk for the rest of the day, but will answer your questions.
We've gone down so much today that i'm gonna take back my Monday call about markets going down.
But it feels kinda strange we go down so hard on a friday, unless somebody thinks something bad is gonna happen this weekend.
I suggest you don't put too much cash to work on the long side until Monday.
wow, tanking even harder
the street.com guys got totally taken off guard today. lol
beanie should i cover my NTRI short or hold it till monday?
ICE had a climatic top yesterday + an evening star. If 147 breaks, it's a goner and all put options buyers gonna be rich rich rich (jk). Once 147 breaks, you can definately short it again because it will go alot lower.
Alok,
you can hold it for Monday
thanks i think it will hit 42.5 atleast, its a very diff chart for me to read. i know its heading into oversold territory but it still have some downside. i just dont want to be gready. some profits are better than none.
beanie ice just took out the low of the day, i think your right about it heading lower, i'm thinking of entering this short here, should i or should i wait for another 50 cents, its at 147.5 now?
TIE is a short
I want you folks to be VERY careful holding too much long positions into the weekend. Something just doesn't feel right about today!!!!!
alok,
hold your short on ICE thru the weekend. I think it will crater next week
beanie i haven't pulled the trigger yet, i'm thinking of waiting for the 147 number to break, i know how important numbers can be. or maybe i'll just get impatient in the next few mins now that i have your go ahead hahaha
ICE: it is now safe to hold your short thru the weekend. I think you will be very happy next week. It broke thru an important support level
holly ANNA SMITH NICOLE :-)
ice is falling so fast i had a tough time catching it.
shorts are ripping longs a big one
From the way the market is trading right now, i wouldn't be surprise we get a crash like selloff next week.
i keep looking for a bottom so i can catch a trade but everything keeps going down
beanie -
is it time to move 401K monies from stocks to bonds? i have made some good gains in the 1st 6 weeks of 2007
i am thinking about moving from 100% stocks/0% bonds to 30% stocks/70% high-yield bonds
your opinions
is a 5-10% market correction right now imminent???
thats a very good question, beanie even i would to know what you think. Should we reduce our allocation of stocks in our 401K
As I said last week, validating beanie's comments on market crash..
As regards the crash, here is what I am looking at:
1) The major markets of the world:
HangSeng is at an all time high
Dow is at an all time high
German DAX is at its 7 year high
Chinese Composite is near all time high
Indian Sensex. is at an all time high
S&P is at its 7 year high
Nasdaq is near its 7 year high.
Japan Nikkei is near its 7 year high
I am not taking a contrarian view, but I think that all markets are due for a correction.
2) Chart Analysis:A simple chart analysis of the SPY and QQQQ for the last 5 years will tell you that they have been moving in an uptrending channel. If you draw a line at the tops and bottoms of the SPY and QQQQ, you will find that it now sitting at the top of that line.
The signal I am looking for is MST closing below 30.
I have also moved to a 100% cash position in my 401K. I don't like today's action.
Also almost always, down fridays are followed by down mondays.
Thats what everybody will tell you who witnessed the black monday of October 1987, when the market went down by 20% in one day.
MA....any updated thoughts....?
do you think we will get a short covering rally at the end of the trading day?
-markrat
If the market is down so much and so deeply, please do not be lured into buy anything. MA is a prime example - you may be tempted but if the market collapses in the last hour, there is no way to save MA as well.
So, my suggestion is: DO NOT BUY MA
gosu,
of course.....i'm not planning on buying MA, but i am still holding my position of 1,000 at 103.2..... it's either hope for the best or sell and take the giant loss, thanks
-markrat
marktherat,
Please please please...before trading, do some basic trade planning.
Never ever put more than 10% of your cash portfolio in one stock.
The basic of investing is one and only one thing: Risk Management
Control your risk and your profits will come.
I don't recommend holding any long positions at least thru the next week, unless you are hedged.
Save your cash and maybe buy back in maybe next friday. We'll see.
HOLY SHORT COVER RALLY ON MA!
BOOYA!
markrat looks like MA is bouncing back, you might be able to cover for a very small loss or even walk away scotfree.
CONGRATS MARKTHE RAT, YOU CAN DUMP YOUR SHARES NOW.
MA HAS RECOVERED.
Everyone who is holding XNN should have big smiles on your faces! :)
Srini,
If history is any indicator, dump your OPBL before the close today. You'll be able to buy back in low $6s next week. I'm in at $5.50, 1/2 out at $6.70 and will dump other 1/2 before close ($7+ I hope). I'm taking Beanie's advice as far as Monday is concerned.
P Diddy
thanks gosu,
i got out with a 1200 loss...i can swallow that although it is very painful....especially since i was up 550 today on MA....should have QUIT with that sell....but i was greedy, as usual......so overall that's a 1700 swing.....but i will take the 1200 loss.
-markrat
marktherat,
MA at 102.44
alok,
no luck on the scott free part...but live and learn.... live and learn....
-markrat
Before you put any money on trades, I would suggest, please read the following two books:
1) Market wizards
2) Daytrading by tom busby.
The 50 dollars you spend on these books will tell you about risk management that will save your 5000.
mark,
looks like history repeats itself. yikes. lol
ICE is setting itself up for another slammin next week. Good short here.
149
thanks gosu/beanie,
yes, history DOES repeat itself.....103 after hours!?!??!
i could have PREDICTED that would happen....ughhhh
-markrat
Rat,
I just totally recovered from a trade that went bad today. With patience, so can you!
OPBL is a decent buy for the longer term
Holy Hot Mama! One of my stocks suddenly shot up by 20%. I'm at a new record high!!
You bears need to go and hibernate and quit being delusional. Give me some technical evidence besides gosu's horrible QQQQ's & MSFT calls. These pullbacks are needed to move a market higher. The sell off today is from weak investors taking news from a dog like MU (flash) and some Fed hawkishness, that's it. This market is going higher next week, maybe a head fake sell off monday morning.
ok, have a great weekend everyone!!!!
MA 103.4 after hours....my does someone HATE me?
-markrat
market is still open, goofball
lol-mark the market closes at 4:00 EST you tard.
LMAO @ U !!
WOW!!
MARKTHERAT, MA AT 103.52
YOU WOULD HAVE MADE ANOTHER 500 DOLLAR PROFIT ON MA.
MA at 103.59
13 minutes to go!
MA at 103.59
13 minutes to go! :)
markrat, dammmmnnnnnnnn i feel for you bro, MA back above 103 i can understand what you must be going through as i've been in your spot so many times.
Check out IVAN...
I'm new here. I just moved everything into cash. This is a weird Friday. I don't like the stink of it.
JC
gosu, thanks for pointing out that i'd be up another 500 instead of down 1200......i hadn't realized that! *sarcasm*
i am sooooo soooo dumb.
-markrat
i have no idea why but for some reason i thought the market closed at 3:30, i am beyond stupid today. not really with it......
-markrat
Mark on days like this one it's best not to trade at all. If you're not feeling 100% take the day off. Know what I mean? Don't force trades!
104 now...should i bang my head against the wall?
-markrat
MA at 104.2.
Marktherat, you are a genius.
ZONS is closing near high of day. Those who got in at open should have huge smiles on their faces! :)
gosu,
if you see my comment at 2:44 pm you will see i said "short cover rally" ...any moron would have seen that.....and i am for sure a moron.
-markrat
THE MARKET CLOSES AT 4 PM. I WILL NEVER, EVER, EVER, EVER FORGET THAT.
-markrat
Markrat, don't mind these guys. just learn from this trade. i've been where you are a lot of times. just remember be patient and conserve your cash. you can make it all back on monday just follow the trend. who knows if you use your head and do some reseach in the weekend you can trade MA on monday and make 2000, but dont put all your eggs in one basket.
MARKRAT I WILL TELL YOU ONE THING THOUGH YOU PUT A SMILE ON EVERYONES FACE TODAY.
QID up 3% on 200% average daily volume.
J
BOOK SUGGESSIONS ANYONE?
can someone suggest some good books or any good material or source (website, newsletter ...) for technical analysis. Mid - Advanced level please, I think I've read quite alot of basic material.
Alok,
thank you. :)
at least i made someone smile today because trust me, i wasn't doing much smiling today.....however you did make me smile just now, so thank you :)
-markrat
Alok,
i know what you mean about putting your eggs all in one basket...TRUST ME.
however, i'm going to have to be a bit more careful now because i'm at 25,030 equity and if i fall below......well, you know.
-markrat
T/A Books from the WRF Board...I like Bulkowski and Pasaventi. The chart genius who posted this likes Brown.
1) All About Technical Analysis - Brown
2) Technical Analysis for the Trading Professional - Brown
3) Encyclopedia of Chart Patterns - Bulkowski
4) Profitable Patterns for Stock Trading - Pesavento
5) How to Make Money in Stocks - O'Neil
6) Hit and Run Trading I/II - Cooper
7) The Master Swing Trader - Farley
8) How to Make Money Selling Stocks Short - O'Neil
9) Technical Analysis of Stock Trends - Edwards & Magee
Rambo
T/A Books from the WRF Board...I like Bulkowski and Pasaventi. The chart genius who posted this likes Brown.
1) All About Technical Analysis - Brown
2) Technical Analysis for the Trading Professional - Brown
3) Encyclopedia of Chart Patterns - Bulkowski
4) Profitable Patterns for Stock Trading - Pesavento
5) How to Make Money in Stocks - O'Neil
6) Hit and Run Trading I/II - Cooper
7) The Master Swing Trader - Farley
8) How to Make Money Selling Stocks Short - O'Neil
9) Technical Analysis of Stock Trends - Edwards & Magee
Rambo
Beanie and board,
what the hell happened to MED??
Another book for ABC movement patterns by Obrien, I think. I use ABC fib pivots and measures on most trades. You can find it somewhere in this post that began about SIGA//a future (bigger)winner BTW. I am the poster known as Rambos_Monster.
Good Luck, Rambo
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_M/threadview?bn=19851&tid=41933&mid=42057
Thank Rambo appreciate the help and quick response.
I'm still learning very new, have been reading up on TA for the past 6 months. Its finally started to pay off for me. So I think I want to learn more and in depth. any pointers on how to improve are very appreciated.
Anon, MED has been in a downtrend for the past one month, why would you want to touch it. Since its gone below 8, it could go lower. Please be cautious.
Read Bulkowski and watch 60 minute charts along with the minute charts if daytrading and learn to look for patterns, trend lines, congestion areas and how the rises and falling of price almost always stop at candle tops/bottoms and/or the candle tails on the 60 minute charts...often to the penny. I've called trades to the penny for that reason alone. Observe and be studious. No need to respond...I'm out.
Rambo
Beanie and all,
I posted Yhoo long the last of couple of days. Did not hold 30 so I closed my longs right at close today. Made a small profit (I was holding since earnings).
I have some puts March 27.50, think there will be selloff next week + Maximum Pain for OE friday is 27.50, so hope to make some $ on those this upcoming week
As next week is Option Experation you guys may want to have a look at this MAX pain calculator for upcoming week
http://www.iqauto.com/cgi-bin/pain.pl
(I have nothing to do with the calculator but I really find it usefull)
have a great weekend
cheers
Chili
I apologize sir. With all due respect..You shouldn't be trading at all if you don't know that market closes at 4 PM.
Its like driving in NASCAR without knowing where the brake pedal is.
gosu,
no need to apologize..... i DO know the market closes at 4 pm. however you are right, it is not something i should forget.....
-markrat
I'm stunned that a so-called "daytrader" who's heavily into margin doesn't even know the normal market hours!!
lol
awe come on guys, get over it. not need to get on his ass for this. it was an honest mistake, like you guys never made one. for all you know he could be lying just to make all your lives so much more interesting.
if he truely made a mistake today, he has made one which he will never repeat again. a costly but good learning opportunity.
anonymous,
i'm not a daytrader, hence i cannot keep my eye on the market all day because i have a full-time job that ....unfortunately takes up most of my time.
-markrat
sometimes i forget how old i am, and unfortunately i'm not kidding.
you would think that is something a person would know with 100% certainty (provided they dont have alzheimers of course)
-markrat
Any feelings on ZVUE? It may be a takeover candidate.
Jim
alright mr markrat now that is funny, why dont you just put a post it note in front of your PC with 4 O Clock written on it to remind you of the simplest thing in the market (and 9:30 if you like, the start also helps)
alok,
i know, i know....
i'm never going to be able to live this one down,...but as mentioned, we all do make mistakes. if you have a better plan for how i can make a very good return with only 25k, be my guest.....in order to have quick returns you need to be able to buy 500 or 1000 shares of a stock...and unless you are buying 5 dollar stocks, 25k is not going to get you very much diversity.........if i want to buy a stock that is 100/share i don't think it makes sense to buy only a few shares because at the end of the day, what can i make, 100 or 200 bucks? i want to get in and out fast (hopefully with a gain) and i don't see any way to do that with just 25k and no margin....... not when it comes to daytrading at least....now long term investing is another story, diversity is definitely key......just my opinion of course, feel free to disagree and/or enlighten me.
-markrat
i do the same thing as you and go 100% in a stock so i can make a quick profit. I am up 16% so far this year. I just look for stocks that fluctuate a lot during the day, i buy low and sell when it goes back up. Unfortunately i am limited in what i can do though since i don't have 25k in my account so i can't be a true daytrader
Oh yes, we need to get on his ass. Its for his benefit.
Mark was warned several times by beanie before market open at 9:10 AM and then at 9:20 AM, NOT to buy too much on margin, but still he did.
The basics of daytrading is risk management.
1) If you cannot keep a close eye on the market the whole day, or atleast when you have open positions, then do not day trade. You can definitely buy for the long term. For example, you wanted to buy on dips, for the long term, MA, and you have 25K in your cash account, you should buy 50 stocks of MA at 103.
2) For daytrading, keep an eye on mood of the market. Never fight the market.
3) Know some basic technical analysis, bollinger bands, EMA and SMA.
When you bought MA, it had dipped just below its 50 day MA, and below its lower bollinger band. The technical analysis is not perfect, but it will tell you that this is NOT the perfect time to buy for daytrading.
Yahoo finance will give you free basic technical analysis.
Example,
click here for basic MA technical analysis. But ofcourse, do not trade strictly off basic TA.
4) Lastly, never ever day trade on 100% margin. Never have more than 25% of your cash position of your portfolio in one stock.
Mark, gosu has some very good advice below.
since you have been so honest about your position and your cash balance i'll tell you what i do. i work full time too, with limited time to look at the market. i know that i have limited time so i do not day trade since i cannot. i am a swing trader. i buy a stock and hold it for 3-10 days, sometime a month. you think 25K is less, how about you try my 6K, yes thats right, i have only 6K, with margin i can buy stocks worth 12K for delivery. I started this year with 4K and in 5 weeks I've made 2K and am very happy with it, my goal was to double my money by end of the year and looks like I'm on track. I read this blog cause i like the people here, they seem sensible and i learn some thing new every day. someday i hope to save 100K so that i can start daytrading. till then i have come to terms with my limitations and am very happy with what i can do. i would suggest that you do the same. there is no path to making quick money, you cannot day trade if you cannot keep your fingure on the pulse of the mkt. as you have seen your position can change in a min, and if you dont have the ability to react you have no business being a day trader. second PLEASE KEEP A LOG OF YOUR TRADES AND LEARN FROM YOUR MISTAKES. i feel like we can learn together if you like we can continue this by email you can write to me at desihoon_75@yahoo.com it will be fun learning together as long as you are willing to practice the right techniques and take time to develop the right habbits. as gosu said you were given a lot of warnings but you didnt head to them, so your loss yesterday was your fault and your biggest mistake that i've noticed in the past few days YOU ARE VERY IMPATIENT.
so thats my take, sorry for the long boring letter rest of the gang. i'll be more than happy to correspond with anyone who can contribute possitively to my learning experience, share with me his/her mistakes, hell ill be more than happy to take on a mentor. my goal is to become a FINANCIAL INVESTER (dont like the term trader) in 5 yrs. till then i have time to observe and learn the mkt, build some capital and most importantly learn TA.
I'm new here, and I'd like to tell you my story and seek the board's input.
I roughly '01 i had 18k to my name. On a whim I bought 2000 shares of YHOO. I held it until it hit 50 and sold it. Then I had 100k. It took 18 months. Then I started learning more. I made a lot of mistakes including buying LU from $4 to $1.8/ share, averaging down. I turned the 100k into 60k! Sweet, eh? I vowed to learn more.
I found friends who were successful and started finding stock blogs like this one. I started learning RSI, OBV, moving averages and channels. I bought a few stocks that quickly doubled. That's 120k.
I have an MBA and know hoe to look and fundementals, but I learned that the market does not necessarily value fundementals alone. It is a combo of fundis and techies. That's how I am doing it. Good companies with a good opportunity.
Anyway, I then made a calculated risk. Because I had a great job and low cost of living I could afford to take 100k in home equity and invest it. Before you freak out, my home is nearly paid off and even with the 100k I am at 66% equity. I am not worried about even the biggest housing correction.
Last year I lost my job and since then, have been trading full time. I usually buy and hold for weeks or longer. BUT I stream all of my stocks and about 100 others to look for trends and protect my profits.
That's 220k in the market. I had 100% moving since 1/1/07. On Friday I got spooked, sold everything, and am in 100% cash with 37k in profit.
That's 257k in an etrade account.
I am also learning about options and shorting. I feel that this will be the key to my success over the next year, as things feel very toppy to me. I want to capture any value on the downside too.
I am very cautious about this, and do not run into things quickly. I would welcome your input on how i can learn about these topics. Also,
I am looking for 5 - 10 stocks that have the potential to yield 10% or more over the next few months. I am not opposed to another YHOO though!
Thanks,
JC
Alright JC i like your story a lot. i have an MBA too, i dont do fundamental analysis anymore, i found that it did not help me much. now i just invest in good names that provide me with good techincal entry points. every weekend i sort through 150 stocks, i keep adding to that list. i think soon i'll top it at 200 and that will be it. this process takes me about 2.5 hrs but i like this time.
Some names that can share with you that could give you your 10% if you enter at the right price are
AMGN, AMR (when oil starts to decline this will shoot up), ARRS, ATI, CAL (same as AMR), GILD, HANS, ICON, ISRG, MIDD, QSII (wait for pullback is happening right now get in when this starts to move up), RIMM. some international stocks for you INFY, SAY, CTSH, IBN
LOL thats a lot right, i havent reached Z yet, i'm still working my list so i'll have to stop at R, I hope this helps you. also if you write to me at desihoon_75@yahoo.com we can exchange stories. i started investing in 03 and made huge HUGE mistakes now i'm rebounding. in AUG 06 my profolio had gone down to 2K (SOB!!!), now i'm applying all the new found knowledge that i've acquired through reading books and listening to CD's and turned it to 6K.
This is exactly what could spark a correction:
http://www.guardian.co.uk/iran/story/0,,2010086,00.html
Iran.
JC
gosu/alok, everyone else,
thanks for the words of advice...i do appreciate it.
gosu, you are right about technical analysis (which I still do need to learn)....but I still think my trade was a good one, although i timed it very poorly. i knew there would be a short cover rally at the end of the day (unfortunately that 3:30 thing screwed me up bigtime...but it is my own fault). I would have made 1500 on MA yesterday if i held my trade until the actual short cover rally......was it the best and most intelligent trade i could have made yesterday, OF COURSE NOT :) no argument there...but i still think it was a good (although very risky) trade.... my opinion (although please tell me if i am wrong) is that on a day when a stock is TANKING bigtime, i believe that technical analysis is just about slim to none in terms of how helpful it is......
Alok/JC, thanks for your stories :) and alok, you are right, i am very impatient (partly because i'm often using heavy margin)....i need to work on that. if you want to email me you can email me at MarkTheRat@gmail.com :)
please send all hate mail there as well :)
-markrat
-markrat
Mark, here i don't agree with you, you could have done so many things yesterday to make money which would have had considerably lesser risk, instead you assumed so much risk and this time it bit u in your ass. i'll tell u more in email.
also MARK dont u prepare for what you want to trade the day before, or during the weekend or do you just look at the biggest gainer and biggest looser list and pull the trigger?
do some homework dude, you have all weekend to prepare and then all evening to prepare for the next day.
aw come one, we don't need another war. thank god half my porfolio is a short and the other half has stops at breakeven.
lets hope iran backs off (very highly unlikely) or the top brass in US get some sense knocked in them.
Hmmm...if this story is good, Oil spikes to over 100 dollars a barrel - very good for oil stocks and stocks go down by 20% or more.
YESSSSSSSS!!!!!!!!That is the opportunity I will be waiting for.
Bush needs a quick victory in Iran to get his approval ratings up and go out as a good war president. Plus ofcourse Israel cannot have a nuclear Iran.
Over 600 billion dollars in 2007 US budget for defense!!! That will have to be put to use somewhere.
If this story is true...
I am jumping into
1) Boeing (BA)
2) LMT (Lockheed Martin)
3) XLE, OIH, XOM and CVX
Plus short on all Airlines and exchanges (as trading activity falls off)
Please please please...lets get the story true.
gosu
i haven't read all the posts here yet - but I presume that you're either a)joking or b)terribly misinformed and let's be honest, a greedy, selfish bastard.
Congress and the majority of the Rep. party are now against any sort of military action in Iran. A targeted strike on Iran would result in so much more death going forward in terms of retaliations, terrorist action etc.
HEHEHEHEHEHEHE!!! I am cracking up...
If powerful countries like Germany and France could not stop the Iraq war, what can a person like me do. Believe me, when I look at the US death count at http://www.antiwar.com/casualties, my heart bleeds, when I see gas at $3 per gallon, I am in pain and feel the pain of other, but again, what can I do? Absolutely nothing
So, call me selfish bastard, I would call myself practical. And no, I am not joking. When it comes to money, I am never joking.
How was I able to offset 3 dollar gas for the past 3 years? - I bought Exxon Mobil, Conoco Philips and Halliburton in 2001.
When John snow, former CEO of CSX became treasury secretary in 2004, I bought CSX at 14 and sold in 2006 at 36.
When Hank Paulson, former chairman of Goldman Sachs became treasury secretary in June 2006, I bought GS at 152 and sold at 215 last week.
Keep your eyes and ears open and you shall make money. Try to fight the markets and the government, you will be crushed.
Call me selfish bastard, but I would rather be a rich one.
JC, i dont know how i missed GOOG and BIDU in my list, wait for goog to bottom out, it will definitely go back up to 500 when the mkt starts moving up.
Most aggressive comments since the cold war
Is this what is needed for a stock market collapse?
Gosu if you really hope all hell breaks lose in the middle east so that you can profit you are exactly what is wrong with this country. There is a difference between protecting your portfolio and positioning it with the hope that something negative will happen to hurt many for your gain. Very sad.
Hope all hell breaks in the middle east...hehehehehe...You must have been living on fools paradise...I think all hell has already broken in the middle east. Over 100,000 iraqis killed. 3100 US soldiers dead, bombings everyday, suicide bombings in Israel, Extremist regime in Iran with Nuclear capability....Hope all hell breaks loose??
It has been, since the last 40 years...Israel, Palestine, Iran, Iraq, Kuwait, Jordan, Syria...all blowing up..what else remains?
I don't let my emotions run my trading.
Hope all hell breaks in the middle east...hehehehehe...You must have been living on fools paradise...I think all hell has already broken in the middle east. Over 100,000 iraqis killed. 3100 US soldiers dead, bombings everyday, suicide bombings in Israel, Extremist regime in Iran with Nuclear capability....Hope all hell breaks loose??
It has been, since the last 40 years...Israel, Palestine, Iran, Iraq, Kuwait, Jordan, Syria...all blowing up..what else remains?
I don't let my emotions run my trading.
I've already shorted several Israeli stocks on Friday. Fingers crossed!
Is CHKP one of them?
Here is my list for shorts.
HXM (Up over 80% in 1 year)
ATI (Up over 100% in 1 year)
Potential more shorts:
MGM (Up over 80% in 1 year)
BLUD (Up over 60% in 1 year)
Any other suggestions?
are you crazy ATI, just cause its up 100%, you have to have more basis than that. I think this will rise again once this correction is done to hit new highs.
please let us know if u have some news that i don't know but just cause a stock has rissen 100% does not qualify it as a short
Yes, and I won't short it beyond the correction. It is strictly a day trade or at the maximum a short swing trade. Short at 98, cover at 91.
Gosu, you wrote:
"YESSSSSSSS!!!!!!!!That is the opportunity I will be waiting for.
Bush needs a quick victory in Iran to get his approval ratings up and go out as a good war president. Plus ofcourse Israel cannot have a nuclear Iran.
Please please please...lets get the story true."
Particularly the last lines...what does that say about you? There is a difference between not letting one's emotions run one's trading, and being an ethical, progressive individual. You seem to have confused pragmatic investing with political cynicism and selfishness.
Respectfully,
Ananda
Do you know what the best performing ethical progressive companies of the Dow have been:
Philip Morris (smoke and lung cancer, anybody?)
Boeing (nuclear weapons and bomb carrying fighter jets, anybody?)
Exxon Mobil(3 dollars a gallon gas, anybody?)
I rest my case.
You know Gosu, sometimes it ok to say that you were wrong. I'm sure you didnt mean to say that they war should happen, it probably came out wrong.
Incase you were hoping that the war should happen then you are truely out of your mind.
But let it go guys we have more important things to focus on, does anyone have any good picks for next week. I was surprised when i went through my list this week, almost nothing seems like a good buy at this point. ICE was the only good short i could come up with and i'm already in it.
Alok, I think you may want to buy GLD.
10% of my portfolio is in GLD
Also, I want to short
MGM
HXM
ATI
That is, if the markets are going even slightly lower.
What do you guys think?
Gosu, i think GLD is a bit to high right now, if i were to get in it, i would wait for it to come in a little somewhere below 62 before thinking of getting in. thanks for the tip.
Go Dixie Chicks! 5 Grammys!! http://music.yahoo.com/read/news/14283987
geez louise, if southerners have their way we'd probably still have slavery today.
Though weren't the Dixie Chicks among those who publically spoke out against Bush & the Iraq war? Respect to them for that.
Yes they were. They're heroes in my book.
They don't sing country music anymore, and i don't listen to country anymore.
http://www.youtube.com/watch?v=Cfbt4buKshI
http://www.youtube.com/watch?v=fwc5YSAc-7g
Incidentally, that is my favorite song since it came out. Not that surprised they won that many grammys.
"geez louise, if southerners have their way we'd probably still have slavery today."
You realize, of course, all Southerners are not southerners(sic). You know, in the way that you and a lot of pompous and somewhat ignorant "non-Southerners" would make us out to be with sweeping generalizations such as that.
I did serve 22 years in the Army though and it's very likely that people like you would assume it was because I needed a job as opposed to any idealistic or some other more honorable reason. It's all good though because sometimes I have simple-minded lapses in intelligent and rational judgment such as the assumption that you are rather ignorant based on a single statement and you really may or may not be that stupid after all.
Rambo
Wasn't the lead-singer of that song a fat dixie chick? lol
Indian stock mkt tanked last night (-2.3%), I expect all indian ADR's to fall today maybe 4-5%. They could be a good short unless most of them open with a huge gap down. Please be careful - here are a few names INFY, SAY, WIT, IBN, VSL, MTE, REDF, SIFY. indian ETF's IFN, IIF
Or better yet, you may want to short the ADRs.
I am shorting them on any rises.
Rambo, i believe my statement holds some water. It is outrageous no body in the South came out and defend the girl who was right. Instead, radio stations across the country had them ostricized. This kind of stuff rarely happens up North, and it certainly doesn't happen in California.
I can think of a thousand things that happen from some idiot up North, or California that would not cause me to categorically trash a whole region of the country...a region that most Northerners are migrating too BTW. Your statment is ignorant; no more, no less. I've been to 40 states an maybe 15 coutries. I speak flutent German and have worked directly for several high ranking General officers including General Franks, in Korea. I even attained a degree while defending your freedom to be ignorant. I don't believe in what the Dixie Chicks believe or how they conveyed it. Has nothing to do with my NC roots. Has to do with my beliefs though whether you think they were geographically or environmentally conditioned or not. I have genrally found that the most ignorant and profoundly unaware folks...about the real world, that is, are from California and New England for what that's worth. I have also found that there is no particular region that much stupider than another but, of course, if you throw in the accent, it may seem that way to some.....some whom are not very wordly and really not all that knowledgable. BTW, I know some Southerners that know how to spell "ostacise." Maybe you should have gone to a nice school such as Duke, etc....LOL
Rambo
BTW, I give you Pelosi, Reid, Boxer, Kennedy, et al, to name a few. Wait, we really don't have any opinions from the former two other than just criticisms of those who do have an opinion. And the latter two, well, 'nuff said.
Rambo
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