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!
posted by beanie11111 | 2:43 AM
115 Comments:
The technicals look like crap within a buck of closing a huge gap!!!! That being said...you may get a run...
08:01 ENER Energy Conversion: Cobasys wins another supply contract, would aggressively add to positions - Jefferies (33.92 )
Jefferies notes that Cobasys, owned by ENER (50% stake) and CVX (50% stake), confirmed that it has been selected to supply Lotus Engineering Efficient, Viable, and Environmental Vehicle with its NiMHax Nickel Metal Hydride battery. The Lotus Engineering EVE contract supports the firm's view that Cobasys is likely to win future supply contracts, as its closest competitor, Panasonic, will unlikely be awarded other auto companies' projects due to its close association with Toyota. The firm estimates that the value of Cobasys could generate in the range of $700-800 mln, of which ENER's 50% ownership could yield $350-400 mln for the transaction.
Rambo
Rambo,
i am very encouraged by the weekly chart of ENER.
Well, that looks good but I would consider that long term only; most can't stand the pain of not having a good entry from the git-go. Who knows? Just an opinion.
Go SIGA.
Rambo
NVEC news regarding US patent approval for MVRAM has NVEC hitting a high of 27. in premarket this morning.
Thanks for the pick Beanie.
Stock has put in a solid bottom/base over the last few months and definitely looks to move higher from here technically.
Can anyone tell what is happening with GOOGle ?
It looks like it underperforms the market last weeks.
Are there any reasons for that, either fundamental or technical?
Thanks
Dimitry
RIMM cratering?
FSLR is a short daytrade
RIMM may go below $130 today.
Nice call on RIMM, Beanz. Might I recommend piling into RUT-rohs at a break of 785.60?
Sorry, make that a break of 785.21 on the $RUT.
Alert: ASTI is on the move.
A.
lol @ options it doesnt trade options silly boy
Buying OPBL at 4.92 today has already put a huge smile on my face! :)
FSLR is now a long!!!
Our friend NVEC is on fire!
Anon,
Thanks for alerting us about OPBL. I've been waiting forever for it to get down to 5. What a bargain price you got!
Paul
GS slowly going back to 220
ICE to 150
LVS to 105
MGM to 75.
ICE has bottomed!!!!!!!!!!!!!
Going higher from here from now on.
131.7
ICE: buy them calls!!!!
As I had mentioned before...
ALJ is a buy out target.
Up 6% today.
FSLR should be going up all day
today is FSLR day!!!!
56? 57?
stay tuned...
WFR in play.
What your take Beanie?
gosu,
i love WFR too! going higher!
chinese stp and spwr not moving...lol
why would anyone want to own those two before FSLR and WFR is beyond me.
ENER:
08:01 ENER Energy Conversion: Cobasys wins another supply contract, would aggressively add to positions - Jefferies (33.92 )
Jefferies notes that Cobasys, owned by ENER (50% stake) and CVX (50% stake), confirmed that it has been selected to supply Lotus Engineering Efficient, Viable, and Environmental Vehicle with its NiMHax Nickel Metal Hydride battery. The Lotus Engineering EVE contract supports the firm's view that Cobasys is likely to win future supply contracts, as its closest competitor, Panasonic, will unlikely be awarded other auto companies' projects due to its close association with Toyota. The firm estimates that the value of Cobasys could generate in the range of $700-800 mln, of which ENER's 50% ownership could yield $350-400 mln for the transaction.
Buy ICE puts!!
Sold more than half of ALJ,
BOT @ 29, SLD @ 33.76.
Can't resist a 10% jump in a day.
This stock has already traded more than triple its average volume.
PE is less than 10.
Earnings per share, more than 3 dollars.
Only 1.5 billion dollar market cap. Who would not want to buy it.
NYSE and Nasdaq volume absolutely pathetic. Even lower than yesterdays pathetic volume.
Why can't we have a rally on a high volume day? Damn!
We had so may of low volume rallies in February.
But I am encouraged by price action of the leaders -
GS, MSFT and AAPL all have held support very nicely and bounced decisively from there.
Now, only if we can get the volume.
Sigh!!!
z-stock, LM a buy?
Dear Mr. GOSU, Just a curious question for you... how come we're always reading your posts about selling this or that stock for a nice 10% gain, however I don't ever read when your entering these trades. Others on this blog post when they are buying but I only hear when your selling. What's the matter, you don't want to share your profit making ideas with antone else?
LVS going to 105
So looks like we've passed the 2400 psychological barrier on NASDAQ, we'll have to wait for 2460 to be broken next.
Is the correction over now?
hey beanie,
are you still expecting a down leg to complete the correction? or do you think the correction is complete?
Hi Beanie,
Should we be adding to the QQQQ puts?
Anonymous said...
Dear Mr. GOSU, Just a curious question for you... how come we're always reading your posts about selling this or that stock for a nice 10% gain, however I don't ever read when your entering these trades. Others on this blog post when they are buying but I only hear when your selling. What's the matter, you don't want to share your profit making ideas with antone else?
Tue Mar 20, 12:04:00 PM EDT
Ok, lets see...
gosu said...
ALJ might be a take over target.
Mon Mar 19, 02:09:00 PM EDT
gosu said...
ALJ - I brought it up a few days back.
Anybody else thinks this is a buy out target?
Only a 1.4 billion dollar company. With oil holding up 60 dollars (April fut. and beyond) and Refiners racking up profits, I think this is a prime take over target.
Thoughts?
Wed Mar 14, 04:14:00 PM EDT
Fri Mar 09, 10:55:00 AM EST
gosu said...
What do you guys think about ALJ (Oil and gas refinery)?
Look at its chart here.
PE of 9.
Chart looks ready for a breakout?
Fri Mar 09, 10:58:00 AM EST
Thats three I can count in the last 7 trading days? What else do I need to do.
OPBL! :)
ASTI :)
Dow Chemical.
If palm is gonig to get bought out at 20 and is only 19 right now, does it make sence to put all your money into it? Why not?
ACAD long and strong!
Holy crap someone shorted NGPS yesterday have a look at the run its having today.
srini,
i rather wait till QQQQ gets to 44 before buying puts.
The chart is looking really good for some more short term upside.
ZROS on sale today ALOK
did you buy @ a buckish?
MAS no i wasn't even looking at it, thanks for bringing it to my attention, I'll keep an eye on it.
can someone tell me a good site to read about the different tax thing on trading???
elmyko1
Dow gonna fall this P.M. ahead of FOMC. Buy puts now!!!
Thank you DJFMSR
elmyko1
anyones take on OPBL.OB its around a really good price
elmyko1
Hey DJFSMR,
Do you need a partnership to get trader status?
I thought you can get trader status just trading alone.
Also, if you have a second job, does that prevent you from getting trader status?
anyone short HAL?
Really weird watching the market today... almost like I'm watching a game or something. Low volume, bizarre spiking... and now this... is it even POSSIBLE to have an intraday head and shoulders pattern? 'Cause it looks like the NAZ has dandruff right now...
If palm is gonig to get bought out at 20 and is only 19 right now, does it make sence to put all your money into it? Why not? Feedback pplease
Who proferred FCX short yesterday? Zee or Gose? Or was it Beanz?
Methinks it a prescient call, despite the price o' copper.
If you believe that the transports lead the markets (up and down, that's Dow theory), then you might examine EXPD, which does not look like a long call these days.
FCX: not an expert on shorts, so it must not be me.
PALM: Where is the news of it being bot out for $20?
Brett, what you are talking about is called M&A arbitrage, and generally done by very big buck professional traders. Right now, they have bid PALM up to a point where they feel they have incorporated the risk of the transaction going screwy, plus some interest and transaction costs. They are not willing to bid the price past the 19 area because of incorporated risk, and probably because they believe $20 is the final price (ie, there will be no last minute bidder).
You could buy in here for the 5% upside, but remember the risks... maybe there is somewhere else you can put your money for a 5% return without that risk?
MAS,
ZORS, what's the deal with this OTC?
Ya think this baby has any juice?
Pamfla
I am holding on ASTI too. The risk is small and the potential upside is huge. All the insiders are buying.
I also have other long term babies: FSLR, ISE, and ONXX.
A.
All cash… looks like I should be buying. Will wait till tom..
beannie,
what do you think of SEPX?
type II diabetes drug that will enter Phase III in april 2007 possibly.
trading at 30M market cap at $2 a share? potential?
GIGM has be smoking the last 2 days showing great relative strength on above average volume.
They had a great earnings conference call last week with soaring profits.
The stock initially spiked up but was subsequently spanked back down in a bad market.
The stock is experiencing a delayed reaction to earning.
And keep in mind Barney Frank's bill before the Senate.
Would doing some kind of collar on PALM be a good way to play it?
MAS,
ZORS, what's the deal with this OTC?
Ya think this baby has any juice?
Pamfla
As Ive mentioned in previous posts, ZROS is very speculative, high risk HIGH reward, I wouldnt be buying with my kids college money, but its got a lil juice for sure, looks like someone with a big penny position is hitting the bid today, but the volume is impressive, I sold half my shares yesterday at 1.85, anything under a buck I'll be buying more, remember to play small if ya cant afford to lose..
GOOD LUCK!
MAS
Hey Z_MAN..... Are you still in thoseFCX puts?.....SKI
I have absolutely been beating the drum about NMX. Just see todays price volume action. Some inside knows something.
NMX will be bought by some other exchange. period.
Hey Guys.... What time is Uncle Ben speaking tomorrow?....SKI
Adam, why bother with PALM?
any thoughts on WFR for the next few days ?
MAS,
Highly speculative...Not alot of info on this company...that's Y it's speculative, duh Pam.
Thanks for your response MAS..
Pamfla
SKI, Fed announcement about interest rates is always at 2:15 PM EST.
A.
Realy crummy day for the shorts... lotta grinding on low volume ... again!
I feel like milled flour.
Hang in there Jake, things can turn on a dime. Although I'm admit that the scene is not good for bears at the moment. you might have one down day this week (most likely friday) when everyone will want to take some profits.
What the heck just happened to ASTI at the end of the day. at 10% swing, this is rediculous. Is it going down just cause i'm holding it. I mean i had JADE and sold it before it went up 8% and NVEC before it went up 10%. I'm going to stick with ASTI this time :(
Be patient, Alok.
I am holding too. We're in the same boat. I believe ASTI will hit $10 soon.
A.
Hello.... To everyone on this blog. I'm new on this blog and fairly new to day trading. Could I please get info on what type of chart platforms some of you use? I need to learn how to read charts if I am to have any success. Ant comments or suggestions would be greatly appreciated. It appears that some here are very succesful at their craft and I want to learn from the best!! Thank you very much and happy trading.--- Webster.
Webster;
I use my trading platform software (which I think comes from Prophet.com) and also stockcharts.com, which you can reach here:
http://stockcharts.com/
Good training stuff at stockcharts.com.
JakeGint-- THank you. I'll check that out!-- Webster
Alok and MAS,
There is news this afternoon, ZROS
Can you explain news please?
Thanks,
Pamfla
BEANIE,
thought you would enjoy a lil tidbit here to the cause...
San Francisco ballpark gets solar power system
SAN FRANCISCO (Reuters) - California utility Pacific Gas & Electric Co. will install a solar energy system at the San Francisco Giants' AT&T Park, believed to be the first solar power plant at a major league baseball park.
The utility, a unit of San Francisco-based PG&E Corp., will place 590 solar panels at the park to produce 123 kilowatts of electricity, enough energy to light up a new scoreboard or power about 25 homes, PG&E said on Tuesday.[]
not sure who is supplying PG&E the panels but it's interesting..just the tip of the solar "ice"berg
PAM,
news on ZROS was an 8k filing with the SEC on the progress of their product release etc.
Direct linkage here:
http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0001102624-07-000081&Type=HTML
Company website here:
http://www.zerosones.com
HAPPY FIRST DAY OF SPRING EVERYONE!
now lets hope bearded bennie can give us another two hundge rally on the dow tomorrow!
MAS
SKI
Sold then bought again..FCX puts, Buying more after interest rate report…I think I timed it wrong…by 2 days, now 1 day..
JNJ buy GPI buy JOYG buy
Just so I’m on the record….Wouldn’t want to get accused like GOSU did this morning…….IF I report 35% profit....ANON that was uncalled for….
M.A.S.
I always thought they should put solar power panels on castles….Giant’s park will do…
Gosu the daytrader
LMAO!
LOL @ "castles in the sky" I'm sure that will be Bonds' excuse for not hitting any home runs this year, the solar panel powered scoreboard impaired his vision @ the plate haha
prescient
Knowing or anticipating the outcome of events before they happen.
Thanks JG
I try to be All Knowing at all times, But I’m greatly limited to perhaps one thing at a time…
MAS,
Was checking out the daily, 5 days, 10 days moving chart. Crap...
ZROS is a BUY !!!!
Thanks, keeping my fingers crossed for tomorrow :)
Pamfla
Beanie,
this page refresh and anonymous users and no realtime is killing me, you need to start a website with real time chat and message boards ..
I could have the site up and burning in a week...
$9.95 mo. membership to join?
lol
email me lets rock!
PAM,
lol @ charts on a penny stock
just be careful, stock has had a great run, like I've said its a real company with a great product and has potential to get NMS listing and go boom but also has a 52 wk low of .04
..Play small and never use market orders..Good Luck!
MAS
MAS,
AWESOME DUDE...step mom turned me on to The Market Toolbox.
Pamfla
Sign Anonymous cause it's easier than trying to BLOG
WFR TARGET price $72, I read it somewhere, "a long long time ago....a month or so ago......."
I apply the same target price to FSLR...similar price , similar EPS outcomes....
MGPI 2X BOTTOM , I think it holds ,,, 18.0 sell 20 / 23
It’s on the list I posted on ALTERNATIVE energy co’s ,,… HUGE list…
http://z-stock.blogspot.com/
MAS,
I agree totally and thanks...however stock is moving higher, volume looks good, will
play small. Pamfla
Love your pic on side
z-stock,
What do you think about TSL? It is actually the best EPS solar stock. Would you please give some suggestion from technical analysis?
Anon,
Thanks for the hilarious video. Sure made my day!
Kevin
M.A.S said...
Beanie,
this page refresh and anonymous users and no realtime is killing me, you need to start a website with real time chat and message boards ..
I could have the site up and burning in a week...
$9.95 mo. membership to join?
lol
email me lets rock!
I bid 10.95.
LOL!!
Zee--
I figured that if you read Asimov's "Foundation Series" ten times, then you'd have a good grasp on "prescient."
Thanks for putting me in your blog! My first link! (LOL, I've got zippo on my "blog" -- just signed up for the name). Thanks for trying, anyway, maybe you'll spur me to content.
Hi everyone. I sure like reading all the comments but I made a bad trade today. I hope you dont have the same bad luck as I. Trading is a crapshoot for me. I dont see how it is possible? I saw a man on CNBC say that only 3% of your trades are going to be profitable in a years time. Did anyone else see that? I bought ZROS after the bounce off 1.31 @ 1.39. Well you all know what happened after that!!!
Do you doubt alternative energy is the place to be?
http://news.com.com/Wal-Mart+readies+large-scale+move+into+solar+power/2100-11395_3-6146851.html
advise,
you play with penny stocks, you get burned. The end.
lol
http://news.com.com/Wal-Mart+readies+large-scale+move+into+solar+power/2100-11395_3-6146851.html
Who owns 26 million shares of FSLR? hint: Walmart.
Beanie,
I just buy 100 shares. But losing is no fun neverthe less. I am in no position to advise anyone. Can you think of a better name for me sometime?
Advise, hold on to EROS, you will get your opportunity to exit at a profit. it might take some time but you will get it back.
BVSN is having a parabolic rise. I am thinking it is time to sell my 133 shares now. There is news out today or lately. Sell on the news would work, but I will probably hold long anyway and it will probably go down some and I will wish I had traded.
advise
Does anyone else have a feeling that the mkt will fall tomorrow?
The Japanese markets have halted trade! The Japanese markets have halted trade!
...
...
....
....
For one of their loafer holidays (I think there are over a hundred).
The Hang Ten is down too, for what its worth.
I think we'll have at least a little pullback tomorrow, if only because of this overbought spurt this afternoon. (And the yen is up a bit, too).
Jake, IMO you can expect a slight pullback till the Fed makes their announcement. if everything goes as expected then the pull back may continue for the rest of the day giving the traders one night to chew on the data and come back for a strong Thur and Fri. so that will be the opp for Bears to cover.
Many of the stocks are now long, at least for the short term:
ICE
CME
QQQQ
CRM
Don't be a bear now until things actually change.
Beanie whats your short term view on ASTI, I was very disappointed to see my profits evaoprate today. still holding on strongly to it.
Beanz,
Not for nothin', but you know if you say your list very quickly, it looks like "I scream, You scream..."
We all scream for ice cream?
Just wonderin' if you planned it, is all.
alok,
ASTI looks overbought short term.
jakegint,
Maybe i did, subconsciously. lol
If the market does go up tom..That’ll put VIX at 13…I’m IN>>> at 13…I don’t know if it VIX will profit, at that price, but have to try….
are people still bullish on OPBL. I just did some charting and noticed that it has completed a 50% retracement (5) if you take the peak at 9.1 and start the trend from 0.9 in Nov.
Now the sad thing is that the 50% is the only support, all other trend lines have been broken downward and it looks like we should see 4.4 (or possibly even 4.05) before seeing it go back up. Please contradict me someone, I would like to see this one go up so that I can get in :)
What troubles me most about OPBL is that its falling on increasing VOL.
Looks like SNDK will blow the roof today. Premarket is huge.
Dimitry
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