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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!

Wednesday, March 21, 2007

ICE ready for a comeback!!

ICE closed @129.89

This stock has bottomed and is ready to rip roaring back.

Buy buy buy!

Short/longer term play.

148 Comments:

Blogger beanie11111 said...

CRM and CME should also go higher from here.

Wed Mar 21, 05:37:00 AM EDT  
Anonymous Anonymous said...

Hey JakeGint... Ice cream, you scream... your funny dude!!!!...SKI

Wed Mar 21, 06:39:00 AM EDT  
Anonymous Anonymous said...

Dollar up nicely against the Yen again.

Asian markets up again.

Wed Mar 21, 07:19:00 AM EDT  
Blogger gosu said...

As expected, Brokerages, exchanges and casinos making a nice comeback after March 16.

Wed Mar 21, 07:49:00 AM EDT  
Anonymous Anonymous said...

Looks like SNDK will blow the roof today. Premarket is huge up.

Dimitry

Wed Mar 21, 08:30:00 AM EDT  
Anonymous Anonymous said...

PRTS getting a nice haircut

Wed Mar 21, 09:23:00 AM EDT  
Blogger Unknown said...

Beanie, can we short SNDK if it hits $45 today?
A.

Wed Mar 21, 09:30:00 AM EDT  
Blogger TraderB said...

Alok, after looking into ASTI more I have found out the existence of convertible class A warrants that are most likely being sold into the market currently depressing the price. I fear we may see 6 on this stock before 10. Keep a tight stop loss.

Wed Mar 21, 09:51:00 AM EDT  
Blogger gosu said...

Thanks for WFR guys. Appreciate it.

Wed Mar 21, 09:56:00 AM EDT  
Blogger M.A.S said...

ACAD @ $14 looking for a new 52 wk high to sell into B/O and will be shorting..
time to get long GOOG here,
JADE is a gift under 10 bucks going into EPS...

LEND having another fun day,
new high on WFR anyone smell $60?
should be a push and pull kind of day hugging the flatline on indexes until 2:15 EST on rate decision and berniespeak
Happy Trading ALL!
MAS

Wed Mar 21, 09:58:00 AM EDT  
Blogger gosu said...

GROW making a nice comeback. Now nearly @ 42 Do you think it will take out its 52 week high at 72.

Wed Mar 21, 10:10:00 AM EDT  
Blogger gosu said...

Beanie, Right on the money on RHT. KOOL.

Wed Mar 21, 10:21:00 AM EDT  
Blogger gosu said...

Alok, check out action on SAY. Up 10% in last two trading sessions

Wed Mar 21, 10:22:00 AM EDT  
Blogger Alok said...

Wow, i had forgotten the indian ADR's, BSE up 200 point yesterday. besides all ADR's are very reasonable. We've had a bigger correction in the emerging mkts.

Brandon, I've decided to just hold on and enjoy the ride. i don't give a shit anymore (ASTI) i'm going to sell it at 10 whenever it gets there :)

Wed Mar 21, 10:28:00 AM EDT  
Blogger Alok said...

Oh one other thing Gosu, may i suggest that financials for the indian ADR's they seem to be picking up strongly. IBN/HDB

Wed Mar 21, 10:29:00 AM EDT  
Blogger Alok said...

Oh one other thing Gosu, may i suggest that financials for the indian ADR's they seem to be picking up strongly. IBN/HDB

Wed Mar 21, 10:29:00 AM EDT  
Blogger Alok said...

OPBL nice bounce.

Wed Mar 21, 10:34:00 AM EDT  
Blogger M.A.S said...

ALOK whats up w/ MSI,
new 52 wk high today??
we need some VOLUME,
also noticed the INDIAN bounce bought some IFN the other day 37 - 38 range
MAS

Wed Mar 21, 10:36:00 AM EDT  
Blogger TraderB said...

Alok, lol alrighty then. Let's hope it's sooner than later.

Wed Mar 21, 10:36:00 AM EDT  
Anonymous Anonymous said...

M A S,

Nce little run on ZROS this am...in at 1.09 Thanks,

Pamfla

How far ya think this might run today?

Wed Mar 21, 10:38:00 AM EDT  
Blogger Alok said...

MSI looks very strong. i had decided to get in if this goes over 3. very close to that now.

Wed Mar 21, 10:40:00 AM EDT  
Blogger Alok said...

Beanie your WWAT is rocking too. i hate to bring all pennys to this board so i'll shut up after this :)

Wed Mar 21, 10:42:00 AM EDT  
Blogger M.A.S said...

M A S,

Nce little run on ZROS this am...in at 1.09 Thanks,

Pamfla

How far ya think this might run today?


Anyones guess at the price range, again very risky and volatile...would love to see north or close to 10mm shares traded today

GOODLUCK!
MAS

Wed Mar 21, 11:00:00 AM EDT  
Blogger M.A.S said...

ALOK lol @ pennies,
you see the volume and price action in VRA today..Whew..!
MAS

Wed Mar 21, 11:02:00 AM EDT  
Blogger JakeGint said...

Zee! Christmas was not late, Christmas came RIGHT ... On... TIME!

Back in FCX puts yet? Interesting that the behemoths that did NOT buy PD are all green... hmmmm?

Wed Mar 21, 11:03:00 AM EDT  
Blogger Alok said...

Holy cow VRA is just pure oversold. this one i'm not sure i want to touch :) but you could easily double your money here hahahha.

Wed Mar 21, 11:10:00 AM EDT  
Blogger Alok said...

Come on ASTI, you can do it. I want you to know i'm rooting for you (i must be loosing it, i'm talking to my stocks now hahahaha)

Wed Mar 21, 11:11:00 AM EDT  
Blogger JakeGint said...

Alok, are you SWAsian Indian? Any thoughts on my old friend SIFY?

Wed Mar 21, 11:18:00 AM EDT  
Blogger gosu said...

Z-stock, damn. You did not answer me yesterday on LM.
As per your signals and my gut feeling, I wanted to buy it @ 94 yesterday, but damn! somehow I missed it and now its nearing 96.
Anyway, where are u today?

Wed Mar 21, 11:22:00 AM EDT  
Blogger gosu said...

Ok. I am getting out of RHT and WFR.
Not sure what the Fed will do.

Wed Mar 21, 11:26:00 AM EDT  
Blogger Alok said...

Jake, I dont know what you mean by SWAIndia, but i'm from india for sho :)

i dont like sify and redf but given a choice bet the two i would be looking at redf as it might be ready to break the 200dma. if it does not break the 200dma this could head lower and might be a better play shorting. please note both are in a downtrend right now (which is understandable since the indian mkt has fallen a whopping 2000 pts from its peak).

some of the stronger ADR's are CTSH, INFY, IBN, HDB, RDY, VSL, TTM (cramer pumps this on regularly TATA motors) and etfs are IIF and IFN. hope that helps.

Wed Mar 21, 11:27:00 AM EDT  
Blogger gosu said...

In place of IFN or IIF, buy INP. Look at their comparison chart here

Wed Mar 21, 11:36:00 AM EDT  
Blogger M.A.S said...

nice pull back here on ACAD going higher this afternoon...

Wed Mar 21, 11:39:00 AM EDT  
Blogger gosu said...

FMT going up from here?

Wed Mar 21, 11:45:00 AM EDT  
Blogger gosu said...

Oh Man! I love the brokerages - GS, MS, MER, LEH, BSC - you can buy them practically at any price on a pullback and sell them for a profit just a few moments later.
I think I will stop, 36 trades already made today after making 48 yesterday.

Wed Mar 21, 11:49:00 AM EDT  
Blogger Alok said...

Gosu hate to do this to you, but if your getting in and out of your stocks this fast check out ICFI near low of day, could go back up to 19.5 lol bol with that.

Wed Mar 21, 11:58:00 AM EDT  
Blogger Unknown said...

I think BIDU is on the way to bounce back. It may close above $100 today.
A.

Wed Mar 21, 12:05:00 PM EDT  
Blogger Anon said...

PRTS? A bounce coming?

Wed Mar 21, 12:16:00 PM EDT  
Blogger Unknown said...

I got the feeling that the market will go up after the Fed announcement. Any other predictions?
A.

Wed Mar 21, 12:17:00 PM EDT  
Blogger gosu said...

I just can't wait for the fed announcement. I am tired of these rallies on extremely low volume.
Please give us a rally on high volume.
I still remember the afternoon of January 31, the date of last fed meeting - markets just shot up like crazy - they got what they wanted.
and sweeet profits for opportunists like me.
What are the strategies you guys use before jumping in? Do you guys wait 10 mins, 30 mins or even overnight after the fed decision to decide the direction of the market?

Wed Mar 21, 12:34:00 PM EDT  
Anonymous Anonymous said...

anyones take on FMT


elmyko1

Wed Mar 21, 12:39:00 PM EDT  
Blogger Alok said...

looks like my talking to ASTI payed off :) i have a big smile on my face. now all the fed has to do is give the mkt a little push in the right direction (upwards lol) and i should be laughing.

come on fed, big ben come on you can do it, lol (will try my luck talking to him)

Wed Mar 21, 12:51:00 PM EDT  
Anonymous Anonymous said...

anyones take on OPBL good price here?


elmyko1

Wed Mar 21, 12:58:00 PM EDT  
Blogger gosu said...

BOT NYX 85.24

Wed Mar 21, 01:07:00 PM EDT  
Anonymous Anonymous said...

Hey JakeGint.... I'm up as well on fxc puts (Great call by Z.) You holding those through fed decision o taking profits before? (Trying not to be piggish here!)...SKI

Wed Mar 21, 01:10:00 PM EDT  
Anonymous Anonymous said...

TRADEKING SUCKS ASS-
Please bear with me and read the whole thing-
1) Last evening I bought 1200 shares of ONT
2) This morn I placed a stop order on that for 1.46.
3) I cancelled that order and placed a sell limit at 1.48
4) Apparently between step 2 and step3 taking place I was stopped out. So when I was doing step3 I did not own any shares of ONT


Now Tradeking says that that order was automatically made a sell short order. And what do you know I sold short 1200 shares of ONT at 1.46. Do you remember this big discussion of not being able to short <5 stocks. Well that just happened and the rep said you CAN short stocks below $5.

-M

Wed Mar 21, 01:14:00 PM EDT  
Blogger JakeGint said...

Gose-- hope you are out at 86.20.

Alok, thanks for your list. FYI, "SWA Indian" means "Southwest Asian Indian," as opposed to American Indian, East Indian, etc..

I refuse to say "native American" since I'm a bloody native American, my family just arrived a thousand years later than them.

Wed Mar 21, 01:16:00 PM EDT  
Blogger JakeGint said...

Ski- I'm going to watch closely on FCX... It looks like it's already close to overbought again on the 5 minute charts, and looking to turn again at 61.30 or so, so I think there's more downside for the next hour at least.

I also think FCX might be a decent long term short, because of the PD acquisition, for which they paid a ton. Usually bidding wars don't lead to good results for the winner. So, Bernake aside, I think FCX is in trouble no matter the case.

Same goes for EXPD, btw, although I have not shorted this one yet.

Wed Mar 21, 01:21:00 PM EDT  
Blogger M.A.S said...

Alok said...
Holy cow VRA is just pure oversold. this one i'm not sure i want to touch :) but you could easily double your money here hahahha.


took down 200,000 @ .024 bidding .045 was exactly my thinking , Im gonna whack down the bid now but we may see 200mm shares today...
easy pennies from heaven..LOL
long AGIX @ 2.75 selling was way overdone,
c'mon Uncle Bernie sing a pretty spring song for the BULLS..!MAS

Wed Mar 21, 01:21:00 PM EDT  
Blogger beanie11111 said...

TSL:

Short term bottomed and should have alot of upside.

Wed Mar 21, 01:22:00 PM EDT  
Blogger beanie11111 said...

TSL:

this solar play could really blast off!

Wed Mar 21, 01:41:00 PM EDT  
Blogger zstock7.com said...

FCX dn 3% from yest.. hi I exited….+25%
LM up, Gosu, I forgot to tell you LM found support…94..60/40

Joyg apr 40 call @2.40 this is way overpriced for the option...
will wait ..

Wed Mar 21, 01:46:00 PM EDT  
Anonymous Anonymous said...

Beanie,

I think solar power has a very limited potential, since the panels efficiency is really low while they occupy too much space. Also they a crazily expensive.

It won't be a big exageration to say that to power , say, NY city from solar you need to cover the entire US surface with panels (also too much oil will be burned to prouce those panels).

Solar energy has a very limited use at places where there are a lot of sun (maybe California).

I think that solar power is nothing comparing to the energy demand of mankind.

Sorry to say that.

Dimitry

Wed Mar 21, 01:49:00 PM EDT  
Blogger gosu said...

gosu said...

BOT NYX 85.24
Wed Mar 21, 01:07:00 PM EDT


SLD NYX 87.26

Wed Mar 21, 01:51:00 PM EDT  
Anonymous Anonymous said...

Looks like classic setup.. runup on fed news.. unwind the move during subprime senate hearings. Best short at the close today??

Wed Mar 21, 01:52:00 PM EDT  
Anonymous Anonymous said...

Thoughts on HOKU anyone??

Wed Mar 21, 01:53:00 PM EDT  
Blogger JakeGint said...

Anon- Re "Setup": Not sure how classic it is, but it's amazing how close to the fib lines we are coming on all the major averages here, right before Bennie speaks. We are either going to take off, or break down, but I think either way, it'll be significant. Most of the averages ARE overbought right now, but we'll see what we will see I guess.

Wed Mar 21, 02:00:00 PM EDT  
Blogger M.A.S said...

Anonymous said...
Thoughts on HOKU anyone??

HOKU signed some nice contracts, home based in Hawaii where the sun shines 24/7 and have cheaper materials to make solar panels, good L/T hold but dont use MARGIN acct. near the 5 level, any News hits the tape it will move..
volume has lightened up but still under accumulation
Good Luckk!
MAS

Wed Mar 21, 02:01:00 PM EDT  
Blogger gosu said...


Most of the averages ARE overbought right now, but we'll see what we will see I guess.
Wed Mar 21, 02:00:00 PM EDT

Thanks JakeGint on your technical analysis.

Wed Mar 21, 02:05:00 PM EDT  
Blogger zstock7.com said...

Jake ,, look at other FCX tops...Those tops always came back up one more time...I don't know why..

Wed Mar 21, 02:06:00 PM EDT  
Blogger JakeGint said...

This will be interesting... the $RUT bounced nicely (twice) off it's 61.8% Fib line, and is right at it's 78.6% line (in fact it's 795.48)... if it rolls here we should see a revisit back to 770 and below. If it takes, off, well... long time. High of day has been 795.58, thus far, btw.

Wed Mar 21, 02:07:00 PM EDT  
Blogger M.A.S said...

12 more minutes let the games begin,
SHORT the OIH over 143 and MA over 110
MAS

Wed Mar 21, 02:09:00 PM EDT  
Anonymous Anonymous said...

PRTS... they're selling this one as if it is going out of business.....

they'll be solidly cash flow positive in '07 and grow revenues 30%(and that even includes backing in the acquisition to 1/1/05).

if they'd never acquired this partsbin, stock would be close to $15.....but the acquisition will help them once they get it fully integrated.

some of these analysts expect these little companies to have their CC's come off like a CSCO call.

anyway, there is no 'double booking' of revenues here at all..... not at all.

West

Wed Mar 21, 02:10:00 PM EDT  
Blogger JakeGint said...

Zee-- not sure what you mean? Do you mean intraday?

Wed Mar 21, 02:11:00 PM EDT  
Blogger zstock7.com said...

GPI calls I’m looking for 38.90 I’ve seen 39.2 40call at $1.30 call still overpriced, therefore GPI a little more downside to go…
reasons are posted....my site ...

Wed Mar 21, 02:12:00 PM EDT  
Blogger zstock7.com said...

FCX 5 days ... 10 days ....

Wed Mar 21, 02:12:00 PM EDT  
Blogger Alok said...

lol, can i say that i like OPBL now above 5.65 hahahaha (im such a moron)

Wed Mar 21, 02:19:00 PM EDT  
Blogger Alok said...

what happened? what happened? comeon speak to me guys, say something. did the mkt like what big ben said?

Wed Mar 21, 02:21:00 PM EDT  
Anonymous Anonymous said...

Those who bought OPBL under $5 when I did should have huge smiles on their faces right now! :)

Wed Mar 21, 02:24:00 PM EDT  
Blogger zstock7.com said...

Bought JOYG APR 40 call $2.50
Bought GPI APR 40CALL1.25
MOVING ON UP

Keeping eye on CANADA SU 70/30 short at $72 = 50 day ….another FCX eps story

Wed Mar 21, 02:26:00 PM EDT  
Anonymous Anonymous said...

Beanie, Thanks for the heads up on CRM this morning.

It's kicking and I have a rather large smile on my face.

Wed Mar 21, 02:26:00 PM EDT  
Anonymous Anonymous said...

Thanks West for bringing PRTS to our attention. I'm building a big position in it. If not for my worries about the market short term, I would be all over this one.

People don't realize the short term problem of PRTS is not intrinsic or organic, it is a fixable problem. This is the easiest trade so far this year!

Many thanks for taking the time to post about PRTS. I appreciate the intense dedication you give to your job.

stockkid

Wed Mar 21, 02:29:00 PM EDT  
Blogger TraderB said...

Markets are rallying Alok. Interesting, the rate remained unchanged but the tone was definitely more hawkish.

Wed Mar 21, 02:29:00 PM EDT  
Blogger beanie11111 said...

woo wheeeeeee...

bear-smasher rally! lol

Wed Mar 21, 02:33:00 PM EDT  
Anonymous Anonymous said...

Beanie will you short anything today or tomorrow?

Wed Mar 21, 02:34:00 PM EDT  
Blogger M.A.S said...

covering shorts we in RALLY mode!
MAS

Wed Mar 21, 02:34:00 PM EDT  
Blogger Alok said...

thanks Brandon.

Wed Mar 21, 02:37:00 PM EDT  
Blogger Alok said...

I cannot believe my luck, i moved in all my cash in my 401K yesterday. most of it is in emerging and international, so i'm loving this rally already :)

Wed Mar 21, 02:38:00 PM EDT  
Anonymous Anonymous said...

Z-MAN... You think 1.40-1.45 is too much to pay for the GPI April 40.00 calls?.....SKI

Wed Mar 21, 02:39:00 PM EDT  
Anonymous Anonymous said...

Amazes me when stocks drop people sell. Now we rally everyone is buying hahah. Buy high and sell low!! No wonder why no one makes money except our brokers who take our commission. Time to buy was 2 weeks ago. Now we rally we should lighten up.

Gosu you are right to buy on March 15 and sell before end of March.

Gosu, I have dissed you before, but at least I give you credit for calling that.

Wed Mar 21, 02:39:00 PM EDT  
Blogger Unknown said...

BIDU is moving up really fast.
A.

Wed Mar 21, 02:45:00 PM EDT  
Blogger zstock7.com said...

SU apr 70 put waiting for 65 / 1.10 I don’t know how low this put goes when SU @ 72…@ 1.50 now… I guess 72 price is tom…

Exited GPI PICK up again tom….
Will hold JOYG till who knows when

Wed Mar 21, 02:46:00 PM EDT  
Blogger Unknown said...

Wow DOW may close with +150 today.
A.

Wed Mar 21, 02:47:00 PM EDT  
Anonymous Anonymous said...

Beanie,do you think the correction is over? or do we still have third leg to go after this? thanks

Wed Mar 21, 02:48:00 PM EDT  
Blogger zstock7.com said...

SKI .. too late
try tom
this is 5 days of action at around enter 1.10 sell 1.40 ..or round there abouts...

Wed Mar 21, 02:48:00 PM EDT  
Blogger gosu said...


Gosu you are right to buy on March 15 and sell before end of March.

Gosu, I have dissed you before, but at least I give you credit for calling that.

I rest my case.
I don't mind getting dissed as long as you give us some nice picks.

Wed Mar 21, 02:50:00 PM EDT  
Anonymous Anonymous said...

My QQQQ puts are killing me!!

Mike

Wed Mar 21, 02:51:00 PM EDT  
Anonymous Anonymous said...

Should we sell our RIMM puts?

Wed Mar 21, 02:54:00 PM EDT  
Blogger gosu said...

SWEET. I love these roaring rallies. In at 2:15, out by 3. Everything up 4-5%
I think I am done for the month.

Wed Mar 21, 02:58:00 PM EDT  
Blogger beanie11111 said...

Bull raid!!!!! lol

Wed Mar 21, 03:02:00 PM EDT  
Blogger zstock7.com said...

SU 70 PUT LOOKS LIKE 1.15…1.10 ENTRY ,, THAT PUPPY...SU GOING TO CRASH AND BURN TOMORROW,,,…

Wed Mar 21, 03:04:00 PM EDT  
Blogger M.A.S said...

Anonymous said...
My QQQQ puts are killing me!!

Mike

Wed Mar 21, 02:51:00 PM EDT


srini said...
Should we sell our RIMM puts?


nothing for nothing but if you need to ask a message board if you should sell out of an options position, you truly should NOT be trading options....
you will get ZERO bid and lose all of your money everytime...
if anything you should be selling covered calls or buying puts to hedge a long position, not speculating and buying puts at the bottom of a MKT correction..
seen all too many times,
just my 2 cents man:
Check out:
http://www.CBOE.com
and use the free educational tools
Good Luck!
MAS

Wed Mar 21, 03:06:00 PM EDT  
Blogger TraderB said...

Market is treating this recent statement as if a rate cut is in the cards! I don't get it but whatever I'll enjoy the ride!

Wed Mar 21, 03:11:00 PM EDT  
Blogger Alok said...

OUCH MAS that was nasty ....... don't drive people away from this board man.

Wed Mar 21, 03:13:00 PM EDT  
Blogger M.A.S said...

no harm intended ALOK,
just trying to help

Wed Mar 21, 03:17:00 PM EDT  
Blogger JakeGint said...

Whew are my fingers tired. Got out of every short position quick when RUT-roh busted $800 like a hot knife through butter. Thanks goodness I hedged with some (but not enough, lol!) $RUT calls this morning. The nice runup after I'd sold my puts, however, broke me even. Now I'm out of those as well (no, I didn't catch the top, sold at $807-ish area), and the only thing I have left is half my FCX put position. NOW watch the market tank, lol.

Wed Mar 21, 03:18:00 PM EDT  
Blogger JakeGint said...

And look at this Zee, all that beautiful greenery, and still FCX is showing red...

Wed Mar 21, 03:20:00 PM EDT  
Blogger gosu said...

I think what MAS meant was that beginners and even intermediate experienced traders should not be trading options.
Just like I am not completely comfortable shorting stocks, trading futures and options.
These are highly leveraged financial instruments and people should be very careful trading these.

Wed Mar 21, 03:21:00 PM EDT  
Blogger M.A.S said...

options are a very risky tool to trade without a hedge thats all, take it from a former series 4 holder and 10+ yrs of option trading experience..
sorry to offend anyone just trying to educate..
Hope you all made alot of money today cuz I know I did...
I have always brought winners to this board and try my best to explain the risk reward ratio to anyone who may be interested.
Have fun!
MAS

Wed Mar 21, 03:22:00 PM EDT  
Blogger Adam said...

Covered calls are risky also. Many people will be drawn to higher risk stocks because of the higher premiums. I would personally only write calls on stocks that I already owned with the idea of writing a call not even factored into owning the stock.

Wed Mar 21, 03:27:00 PM EDT  
Anonymous Anonymous said...

profit taking for the rest of the week ? what do u think about GS here, short to 205$ ?

Wed Mar 21, 03:28:00 PM EDT  
Blogger gosu said...

All brokerages are a buy.
You may get GS to 205, but risk/reward is higher.

Wed Mar 21, 03:33:00 PM EDT  
Anonymous Anonymous said...

Take care MAS, your advice was neither harsh nor ill-advised. One way to dip your foot in the water on options, fellahs (and ladies?), is to sell a put or call and purchase the next rung down or up (depending on which direction you are trading) as a hedge. This limits your exposure (and allows you the flexibility to get out of one or the other) and also your gain, but can get you used to the trading patterns over time (of which time is a very important component, btw).

BTW-- I think Beanz was recommending QQQQ puts as a HEDGE, which means you ought to have had some NASDAQ like tech stocks in your LONG portfolio which did well today.

Wed Mar 21, 03:37:00 PM EDT  
Blogger JakeGint said...

Gack, sorry, that was me... not sure why I came off as "anonymous."

Apologies.

Wed Mar 21, 03:38:00 PM EDT  
Blogger JakeGint said...

Adam, I like covered calls on LEAPS... I've done that with long term buys like JPM to nice effect... especially when you get a downturn when you can buy them back cheap cheap cheap.

Wed Mar 21, 03:39:00 PM EDT  
Anonymous Anonymous said...

Z-STOCK.... You think suncor's going down tom.?....SKI

Wed Mar 21, 03:41:00 PM EDT  
Blogger Unknown said...

Short RImm right now and buy ice. Feedback if not a good idea

Wed Mar 21, 03:41:00 PM EDT  
Blogger JakeGint said...

ICE is one fakakta stock, but it looks like a buy here... I think I'll wait til tomorrow though, in case it wants to see what comes before the number 129.

Wed Mar 21, 03:42:00 PM EDT  
Blogger Alok said...

MAS i was just kidding with ya, i forgot to put the smily face there. you and gosu are the realists on this board (very badly needed and highly appreciated). also i love your picks and you already know that hahahha.

but seriously speaking, newbees like me (and maybe someothers on this board) can only learn if people like you tell us how to. this is a hard trade to learn, unlike any thing else, also one of the loneliest. the free sites wont help me much, if possible can you give me something better. i have the time and inclination (and apptitude believe me hahhaaha) so i need some thing that has substance.

would love to know how you pick your penny's for a change. Look at GBVS (that trade might have gone).

Wed Mar 21, 03:44:00 PM EDT  
Blogger zstock7.com said...

SKI I ALREADY PUT IN MY SU GTC 70 PUT 1.10... ORDER...NOTICE THE GTC....I missed 1.20 today..so I have to try again...

Wed Mar 21, 03:47:00 PM EDT  
Blogger JakeGint said...

Sheesh, I had to go and make fun of FCX didn't I... ?

Wed Mar 21, 03:49:00 PM EDT  
Blogger zstock7.com said...

ECA alert PUTS ON THE RADAR AT 48.8 trying to pick up puts tomorrow, You see,,, XLE 5 day pattern broken,,,,…forces me to XLE 5day pattern sub sub B…which is XLE up THURS down on FRI….

Wed Mar 21, 03:52:00 PM EDT  
Anonymous Anonymous said...

z-man.... Yes,SU entry not reached. GPI making nice late day rally,though. DO you see GPI going up tom.? If so, would you still buy if it gaps up?....SKI

Wed Mar 21, 03:54:00 PM EDT  
Anonymous Anonymous said...

Hi,
Appreciate the opinions. But myself asking about selling puts on RIMM
is not that I do not know of the risks of options but it is stock which has been mentioned as a short just not here but on other news sites as well as blogs. I have had other calls to hedge the puts. Made goodon WFR and AAPL calls.

Wed Mar 21, 03:56:00 PM EDT  
Blogger zstock7.com said...

Jake SU put......CANADA...

you had know way of knowing...EPS trend ...It's explained at GOSU's favorite sites STOCKBEE, I think it's Stockbee...
i'LL TRY TO FIND THE POST AGAIN....That's how that guy made his first million...
CHAP REPORTS AMC I think it goes up based on EPS trend...

Wed Mar 21, 03:58:00 PM EDT  
Blogger Unknown said...

BIDU is now above $101 !!!
A.

Wed Mar 21, 03:59:00 PM EDT  
Blogger zstock7.com said...

SKI
I think I get more chances on GPI ...it's so low on RSI it sometmes takes 5/10 days to really get going....

Wed Mar 21, 04:01:00 PM EDT  
Anonymous Anonymous said...

Hi Board,

Thanks M A S...in and out of ZROS
today..I'm sitting on the side now after this rally to see what I can buy for tomorrow..Would rather not buy OTC although somrtime they are great!!!

Pam

Counting on U ALOK, MAS and Beanie.
for a fantastic tip LOL for tomorrow

Wed Mar 21, 04:05:00 PM EDT  
Blogger JakeGint said...

Zee- Lot of buying on GPI in the last hour or so... what's going on there? Possible buyout?

Farking FCX closed up, after all that... you still think it's a short longer term?

I tell you this massive move discombobulates me... especially since the bulk of today's volume came after Bernake's talk... like a pent up spring's been loosed.

Wed Mar 21, 04:08:00 PM EDT  
Blogger zstock7.com said...

SKI at least I know GPI option price channel 1.10 thru 1.40/1.50 next 5/ 10 days….minus the time That’s running….GPI price is probably irrelevant. .until break out….I don’t know when GPI breaks out…best guess 5/10 days…

Wed Mar 21, 04:15:00 PM EDT  
Blogger Unknown said...

"Further underscoring the overwhelming bullish sentiment has been a decline of 13% on the VIX (CBOE Volatility Index), which suggests investors are aggressively buying call options in anticipation of further upside."
It seems the market will keep moving up from here for the next few days.
A.

Wed Mar 21, 04:20:00 PM EDT  
Anonymous Anonymous said...

I made a nice 10% on the PRTS bounce today. Thanks West!

Wed Mar 21, 04:20:00 PM EDT  
Anonymous Anonymous said...

I remember the days when ICE was trading below IPO price and people were questioning it.

I bet MPEL and GMKT are two that will go on to see $100 just like ICE.

Wed Mar 21, 04:25:00 PM EDT  
Blogger zstock7.com said...

Jake...put in FCX APR 60 put 1.60 GTC.....It's going to stay in this 3% channel for a while....sell 2.10 / 2.20 minus the time....
puts favor the calls by 90/10...just have to get option price entries and exits correct...
Don't worry about FCX price...Concentrate on option price channel....Channel should last 5 / 10 days...
when fcx corrects it'll gap down...when gld drops $15 in one day ... that's I don't know...When general market news triggers anti- inflation ...or some such..

Wed Mar 21, 04:26:00 PM EDT  
Anonymous Anonymous said...

Z-MAN... Thanx for the info, man. Good looking out, got my eye on GPI tommorrow... SKI

Wed Mar 21, 04:27:00 PM EDT  
Anonymous Anonymous said...

JakeGint... I noticed GPI buying last hour as well. Looks good for tom. Will be watching...SKI

Wed Mar 21, 04:29:00 PM EDT  
Blogger zstock7.com said...

GPI finishes day with BULL HAMMER…signal….I may have exited too soon….Sorry guys…

IT’s 50 /50 GPI stays in a $2 price channel between 38.xx and 40.xx 5/10 days or just goes up up up day after day…

Wed Mar 21, 04:37:00 PM EDT  
Blogger JakeGint said...

Okay, Zee, I finally understand what you are talking about regarding "option channels."

Basically, you are setting up day trades here, buying at x and selling at y (both specific points) and then doing it all over again as long as the channel lasts (your "five to ten days"). You are not actually speculating on the action of the stock, per se, but of the options themselves. I tell you, this is a new level of complexity for me. I'm going to have to get out my McMahon book to see what he says about it... lol!

Zee, no disrespect intended, but have you ever thought about an editor for your stuff? LOL.

Wed Mar 21, 04:46:00 PM EDT  
Blogger JakeGint said...

Zee, w./ regard to the 1.10 "start" target on the GPI April 40's... I'm not sure it'll get back there after today's close...

Wed Mar 21, 04:47:00 PM EDT  
Anonymous Anonymous said...

Z-STOCK.... Assuming GPI breakout 1 to 2 weeks, more prudent to go with may calls?...SKI

Wed Mar 21, 04:52:00 PM EDT  
Anonymous Anonymous said...

NYX up 4 bucks today..Hmmmm!

Wed Mar 21, 04:56:00 PM EDT  
Blogger zstock7.com said...

That’s good wording Jake ,, I’m speculating on the option channel…I’ll use those words, next time..…

SKI .. I’m speculating on the GPI option channel x = 1.10 y = 1.40/1.50 next 5/10 days…IF… …GPI breaks out..NOW..instead of 5/10 days from now… For me , it will be a missed opportunity, as I have already sold my GPI calls…Hopefully I can buy again at 1.10/1.15.

Wed Mar 21, 05:23:00 PM EDT  
Blogger Adam said...

Good thing I didn't decide to trade any PALM yesterday.

MOT reporting they don't have an interest in PALM.

Wed Mar 21, 05:25:00 PM EDT  
Blogger zstock7.com said...

SKI
If you want to buy and hold, which I should do, too. ( DUH?) ( I forgot about MAY)
Buy the MAY 30 calls 5.70/6.30…Thanks..

Wed Mar 21, 05:34:00 PM EDT  
Blogger Adam said...

I always get a kick out of how the EEM's act. Isn't it cool how all the emerging markets popped up at 2pm EST! *sigh
You could make a killing in EEM if you could arbitrage that sucker because if I had to bet, the NAV would be a full dollar lower than what it is trading at right now.

Wed Mar 21, 05:39:00 PM EDT  
Anonymous Anonymous said...

Hey GOSU... Could you pls. tell me how much IB charges per option contract? THX..SKI

Wed Mar 21, 05:56:00 PM EDT  
Blogger JakeGint said...

MOT down almost 6% after market close....

Wed Mar 21, 05:58:00 PM EDT  
Blogger gosu said...

This is from IB website:

1 Contract @ USD 2 Premium
= USD 1.00
2 Contracts @ USD 5 Premium
= USD 1.50

So, they charge 0.75 per contract. 1 dollar minimum.
More information at
http://www.interactivebrokers.com/en/accounts/fees/commissionStockIndexOptions.php?ib_entity=llc

Wed Mar 21, 06:23:00 PM EDT  
Blogger beanie11111 said...

FSLR did nicely.

WFR great but the huge two day rally was precipated by a guy named RevShark at thestreet.com . He favors polysilicon over thin film. Polysilicon has its place but the stuff is still too expensive compared to the components of thin film. However, thin film panels are too bulky for residential uses. Doesn't mean FSLR can't acquire a polysilicon solar company if it needs to.

I guess my original call with GOOG was the correct call, rather than the latter. CME also did nicely.

I'll post and explain today's action tonite.

bye..

Wed Mar 21, 07:49:00 PM EDT  
Blogger zstock7.com said...

If yahoo has it right on after hour quotes, 70% of my 100 tech stock list, is down .

Motorola slashes forecasts, reshuffles executive ranks

Wed Mar 21, 08:41:00 PM EDT  
Anonymous Anonymous said...

ASIA MARKETS

Asian stocks surge on Wall Street gains

Nikkei up more than 300 points; Shanghai extends record run

http://www.marketwatch.com/news/story/asia-stocks-surge-wall-street/story.aspx?guid=%7B2F75C93B%2DD1EF%2D43B2%2D84CF%2D8B7F1C22E174%7D&tool=1&dist=bigcharts&

Thu Mar 22, 12:27:00 AM EDT  
Blogger beanie11111 said...

CME is on its way back to 570

Thu Mar 22, 12:50:00 AM EDT  
Anonymous Anonymous said...

Hi Everyone,

This ia great board cause were making money with you good peoples efforts. MAS, ALOK, GOSU, JAKE, Z TRADER, and of course The Beanster, this is sooooooooooo much fun. MAS and ANONYMOUS & GOSU are always giving great tips. I am not a professional trader, but thru my mistakes, I've learned.
THANK YOU GUYS SO MUCH with the feicken property taxes going up in FLA. due to WHAT???
See ya soon this am, Pamfla :)

Thu Mar 22, 12:50:00 AM EDT  
Blogger Alok said...

i hope you guys have ADR's tomorrow is going to be a great day for most ADR's.

Thu Mar 22, 01:11:00 AM EDT  
Blogger Alok said...

Pam, I don't know what to say, apart from i'm no where close to the guys you mentioned in your comment. they are the experts, i am an avid learner. i have only 1 yr of exp and a very small portfolio. i'm struggling to grow it. it feels great that you find my comments helpful but i want to be honest with you, i am very new to trading, just like you. so please dont take my comments to heart i have made many mistakes.

Thu Mar 22, 01:14:00 AM EDT  
Anonymous Anonymous said...

ALOK,

Okay and thank you for telling me. Your honesty is freshing ALOK :) however, we all help each other. This is a great sight and Beanie, MAS and others have been in the game longer. They enjoy helping beginning stock junkies LOL.

So, I have to sleep for early am wake on real job. I'm checking out your tip!!! See ya today, Pamfla

Thu Mar 22, 01:24:00 AM EDT  
Blogger Alok said...

Oh I totally agree with you, these guys have no idea how much they have helped me improve my trading style. MAS said, you can not come to a blog to improve your trading, but somehow this blog has really helped me a lot and its all cause of these guys. THANK YOU VERY MUCH. i wish RAMBO would post more.

so in return whenever possible i try to contribute whatever little i can.

Thu Mar 22, 01:34:00 AM EDT  
Blogger Judy said...

((( warning )))Tradeking cost me alot of money. they allowed me to buy stock but would not let me sell it. when I went to sell, the order was rejected. It took me 3 days to unload MGM by that time I had lose over a dollar a share. when I called Tradeking and told them to sell my stocks they would not sell them and the stock was falling.It took about 45 min. of pleading with them to sell my stock before they finally did.

Judy , November 7, 2008

Fri Nov 07, 11:47:00 AM EST  

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