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 | 7:29 AM
100 Comments:
Beanie do you think the markets will go down today?
Actually, i don't want you guys to short GS just yet until after 10am when the ISM numbers come out. That number will determine the direction of the market today.
I find it hard to believe that the market just take a huge one day beating on Tuesday and that be the end of it. It never works like that, as any veteran trader can tell you that. At the very least, there should at least be a testing of Tuesday's low. So i wouldn't be surprised at all we go down today and tomorrow.
The people claiming that a computer glitch accelerated the decline are the folks who are long stocks and didn't get out! lol
For a longer term swing, I think I'll wait till GS hits 195, then short on the way down. Seems to be a lot of support there.
Beanie, what happened to Marktherat?
jackmehog,
marktherat probably got hurt by the crash because he likes to buy stocks on full margin. Hope i'm wrong.
Ouch! He was pretty funny while he was here though :-)
Futures looking ugly this am.
If alot of hedge funds bought stock on large margin when we were rallying, it is very likely they will continue to sell by necessity as they keep on getting margin calls.
Beanie1111,
Great call on this market decline. You were one week early, but you made it up on the second week by sticking to your position. Don't let anyone on this board dictate your trading. You are the expert and that's why we all come here to listen to you speak.
Instead of bitching and whining like some of the people on the board, if they just listened to you they could have made money instead of losing money.
When you kept saying short ICE, I loaded up on ICE put and made out like a pig. I made enough money in 3 days equivilant to working almost 1 year and 4 months. No wonder why people love trading. Work a whole year or bag a winner in a week!!!
Up until last week, I was fully margined and long speculative stocks. On thursday of last week, I sold everything in my retirement account, moved everything from 401K into money accounts and sold all my long. Last week, Beanie and two other gurus blogs I follow all said the same thing; get into cash and the market will turn down severely. I guess when everything aligns you better listen. Great call beanie.
We are going down today and tomorrow, is my call.
If the ISM disappoints at 10am, we gonna get another crash.
I am glad i own some GS puts.
I'll decide whether i want to buy more puts after the ISM number.
Good luck!
NVDA getting hammered pre-market. Long Apr 30 puts at 1.30
I am glad i own puts on several stocks yesterday. Very happy.
When hedgefunds have to sell to meet margin calls or stop the pain, there's nothing anybody can do to stop the market selloff!!!!
Short on any rebound! What is gonna stop a big fat man rolling down a hill?
Beanie, what are you shorting today? TIA
Hi Beanie,
Do you think AAPL is still a good short from here? You did mention yesterday that AAPL might pop up to 85 and then back to 78. Do you think it's still true. I shorted and covered it yesterday and made some money. Thanks
World markets crashing again
Golden Slacks already down $4.75 in pre-market. Taking my "Bear" Stearns with it, it looks like, although only bid and ask there thus far. Gotta figure if Golden gets hit, the weaker sister is going to get walloped.
Also short AKAM and CELG, good companies, but relatively fat pigs recently, ripe for bacon. Same goes for BLUD, which I've done well on on the long side. Last, CAL from our friend Mr. Knight the Author, since I love to beat up airlines for revenge purposes.
One I wish I shorted yesterday is ANAD, another nice long recently that is ripe for a culling.
stocknewbie,
yes AAPL is a short!
ICE:
Take any bounce and short it! Going to 125
The guests on CNBC all day tellin ya to buy because stocks are a bargain are scared sh%tless and they've been secretly selling is my opinion.
Dow futures down by 130
Nasdaq futures down by 35
On tuesday, the day of bloodbath, Dow futures were only down 80 in pre-market.
i just closed most my puts. Can't resist this gap down profit! lol
Good call on Goldman Sachs. I owe you one, sorry two burgers
Great job buddy.
Gonna wait for a decent bounce before shortin again
Yes, great call on Goldman Beanie! I took the risk and went short yesterday. Thanks!
ICE has alot of room to fall. I'm hoping for a bounce
I am livid and must share this with you. I just put in a piddly 100 share buy of QID - market order - at 9:31. IT DID NOT FILL UNTIL 9:40! WTF? I am an etrade power uber mojo customer. I HAVE NEVER EVER had a market order take fucking 9 minutes to fill. WTF does that mean? Etrade bad? No sellers of QID? Dunno.
Sorry for ranting.
JC
CME, BOT - great shorts? Had very nice bounce yesterday.
Should have held onto those QQQQ puts from Monday! lol
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AAPL seems resilient to the market
today
anon,
yeah it does appear so, thanks to the upgrade.
we may not get what we want on AAPL today, just to let ya know.
could we short aapl some more
GOOG:
i bought some
444
As i've said before, i believe the alternative energy plays are what will lead the next bull market.
I bought some ESLR, but will add more.
Anyone got the ISM numbers?
Beanie and others is today a good opportunity to go long or should I wait to start buying?
ISM 52.3...another BS # from the feds...
Beans,
Have you noticed on these quick downplunges you really need to watch the bid ask closely on these puts, and then just hit the bid when you see it come close to your price (fuggedabout the ask, or even the happy medium)? Made the mistake of trying to split the diff on my BLUD Apr 35's this morning and never got filled, as the tide ebbed....
Time to hit the Golden Slacks again?
hi beanie,
Should we be covering shorts????
I think what's going on is everyone's covering their shorts. i love the way the boobtubers call it "bargain hunting"...
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Anyone using this Ameritrade pos?
Doesn't seem to be accurate on the indexes today...
Take this rebound to short again
We're probably not gonna go down much today because of the strong gap down and a strong reversal.
Let me cancel the short call for now.
Hope this is a temp bounce
market bouncing back pretty hard
If you're willing to hold it for a few days, ICE is a good short at 150
Please react: today's bounce is an opportunity to sell. Friday will be down - noone wants to hold this weekend for fear of a black monday situation. Is tomorrow the time to go long? Monday? Advice please. Thanks.
JC
Beanie where do u think ICE will go in a few days?
NYX looking very weak
This I find very interesting. As an economics major I love statistics.
----
August 1896 to September 1929
Total Cycle - 397 Months
Percentage Gain - 1,851%
July 1932 to Febuary 1966
Total Cycle - 403 Months
Percentage Gain - 2,466%
December 1974
Ending at 397 months would be January 2008
Ending at 403 months would be July 2008
------
West
JASO chart is not pretty........
Sold on this pop near 19.
West
Anon (the econ major),
Check out Matin Armstrong's cycles if you like this kind of stuff...
Here's one such link:
http://www.page88.co.za/cr/armstrong.shtml
West,
I've made some big $$$'s trading JASO. Thanks buddy!
Scott
Beanie, what's your take on Dell? Probably going to disappoint today, and tough to tell whether it's been factored in with the markets behaving the way they are this week...
Gosu, where you at man?
Looks like time to cover short positions- AAPL,ICE,BIDU all going up fast.Not convinced that this is a real reversal.
Hi Beanie,
Need some input here. ICE has hit 151 and AAPL is at 88
Dell:
1. Going to have bad earnings today.
2. Losing market share to HPQ.
3. Problem with managements.
4. Vista doesn't look promising.
A.
I bought some Dell apr 22.50 puts as an earnings fallout play. We'll see what happens...
Where is Beanie and allother experts -
Sorry guys, CIO meeting today. Has to go back to lunch. Back after that.
Good luck with your trades.
Golden Slacks already down $4.75 in pre-market. Taking my "Bear" Stearns with it, it looks like, although only bid and ask there thus far. Gotta figure if Golden gets hit, the weaker sister is going to get walloped.
Also short AKAM and CELG, good companies, but relatively fat pigs recently, ripe for bacon. Same goes for BLUD, which I've done well on on the long side. Last, CAL from our friend Mr. Knight the Author, since I love to beat up airlines for revenge purposes.
One I wish I shorted yesterday is ANAD, another nice long recently that is ripe for a culling.
Now that's weird. What's up with my comment from this morning reappearing??
Beanie and others,
Gorilla says sell short on ERTS, whatdya guys think?
http://www.gorillatrades.com/members/images/graphs/erts.gif
JADE chart broken. Time to get out.
GOOG has bottomed! All aboard
Hi Beanie,
What is your take on NYX? Did it bottom or will it go down lower?
Arek
JADE is still a good buy here will see new highs soon...also not too late for the pop in ASTI big news coming and tight float...Volume rising,
Hope you all had a great day!
ICE is a great short at 152!!!!
If there is one stock i want to short right now, it would be ICE
AMGN PUTS really bad conference call.
More downside to go.
500 mil lost revenue
minimum from FDA probe. Come in RSI 15
z-stock
Switched into NDAQ Calls. Hit trigger price 29.3. great hammer signal.
JIM you need to get as far away from e-trade as possible..
Go to Interactive Brokers. (75 cent trades)
Beanie, what about shorting CRM, you think it's a good trade?
Hi beanie,
good to see you back
how about AAPL action today - And
some input about today's action and tommorow.
Thank for all the help
So, z-stock you think NDAQ is a short? I think so too.
I think its going to 18.
I am not big on shorts but I see this stock as very very weak.
Selling pressure increasing. MACDs starting to rollover.
ICE chart today is a day traders dream.
Gosu I switched to NDAQ CALLS ……. TOO Dangererous to SHORT.
NDAQ might buy ITG. Then it’s 15% TO 20% GAP UP for NDAQ + ITG
It’s possible for (NDAQ + NYX) to go in opposite direction of ICE. ICE needs to test 50 day (132)
NYX is getting into Buy range . I may be one or two days early on CALLS.
Jim , YOU NEED TO LOOK AT Interactive Brokers.
z-stock
I would suggest that you guys not to go by just what happened in the market today. It is easy to look at indicies and come to conclusion.
I would suggest you go to http://www2.barchart.com/momentum.asp and see the market momentum.
Even though the indexes are not down much (after being down over 2% in morning), the ratio of advancers to decliners suggest the market is internally very weak.
I was with Scottrade and its a traders nightmare. I switched to Interactive Brokers after a month and have been with them for over two years.
Most stock trades I do are between 2 to 10 dollars round trip.
Futures trades are less than 5 roundtrip.
Also, Bracket order functionality is awesome.
However, they are not the best as regards to charting and technical analysis. For that I would suggest TC2000 software or opening another account with TradeStation. I just opened an account with TradeStation to run some of my automated trading strategies.
5/1000’s of a cent trade / per share. That’s Thousandths. 50 cents per 100 shares.
EVERYBODY, GET OUT OF THOSE $10 A TRADE SITES, IMMEDIATEDELY!!!!
I’VE BEEN with Interactive Brokers for 3 YEARS. It’s the best thing since HOME COOKING. ZERO Interupputions, Immediate trades. Workstation gives all kinds of info. Workstation sits on your computer. RELIABILITY = 1000%
Z-STOCK
Here’s the LINK!!!
http://www.interactivebrokers.com/en/main.php
Z, any problems as far as shares available to short ever?
GOSU
I always use SMART routing. It’s half the price Round trip. ($2.40) and what about OPTION PRICE 30 day charts? I.B. just started that? Have you seen those?
z-stock
They list every possible stock in the Universe to SHORT , probably more than any of the $10 sites. Orders fill in less than 5 seconds. And you can use penny denominations on CALLS/ PUTS.
z-stock
Sorry, Beannie, I think I started a snowball here.
Z-man
What about pricing on option trades? Similar?
I use Options Xpress and like 'em a lot, but they ain't cheap.
z-stock. I use smart routing always. But the fees (listed at http://www.interactivebrokers.com/en/accounts/fees/commissionFutures-FOPs.php?ib_entity=llc) is $4.80 round trip on CME and CBOT index futures.
Do you see anything different?
And I will check out the options chart thanks.
Also, I would suggest you vote in their features poll. We really need the additions to bracket orders.
Djf,
The minimum activity is 30 dollars in commissions, which for me is easily met in a day or two (15 round trip stock trades for 100 stocks)
If not, they only charge 10 dollars per month, which is the lowest I have seen for active traders - compared to TradeStation etc.
You can do zero trades per month fee is still $10.00. I.B. does answer your phone calls, and they have REAL EXPERT’S answer your PHONE call. And I’ve never waited more than 3 minutes to get someone on the line. Key in Technical Dept on telephone, menu.
Z-STOCK
If I.B. SAYS you can trade Toronto, Then you can. I’ve never tried.
Option trades $2.40 round trip. Always use Smart Routing. $100 starts an options account. Just go try.
JOIN the best , Leave the REST!!!!
z-stock
Gosu, thanks for helping me field some of these questions..
I.B. PHONE NUMBER.
1-877-442-2757
Z-STOCK,
That’s all folks. I’ll be back tomorrow.
folks, we gonna have some fun tomorrow.
Statfor Email of Note - bin Laden
They send out Terrorist updates each day if you become a subscriber. This note that was part of their overall afternoon briefing caught my eye:
"AFGHANISTAN/PAKISTAN: Mullah Dadullah, a senior Taliban commander, said al Qaeda leader Osama bin Laden is alive and in hiding near the Afghan border in northwest Pakistan. Dadullah said it is not possible to meet bin Laden, but if he had been martyred, word of his death would be readily available. He added that bin Laden is in touch with Taliban leaders in Afghanistan, exchanging messages and sharing plans."
Interesting and disturbing news. Stratfor is a source that I trust as being highly accurate. We know the score in Afghanistan where NATO is getting far more than it bargained for from a re-energizing Taliban. Attacks by Taliban are parabolically up from year before levels and the Spring thaw hasn't even occured yet in the country.
LOL!
jim i say binLadin is dead he was on dialysis over 5 years ago --that is kidney failure and i have friends from Pakistan who say he is dead
greyhoundlas
naw...he released a video tape less than an year ago
I think that video was from his "greatest hits."
Hey Beans, today looks like the day for GS.
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