Red Alert: buy QQQQ May puts (42?)!
QQQQ closed @ 42.89
We are getting very close to a market meltdown is my opinion.
Why not protect yourselves (and perhaps profit some) when and if all hell breaks loose? The May QQQQ puts should allow you to sleep better at night and can make you a bundle if we get the devastation scenerio.
Buy first thing friday, and buy some more if the QQQQ's continue to go higher.
I do not think the correction is done yet. Many of the major worries are converging right now that can potentially cause a severe market crash. I think it will be short term though, because if it gets too severe, Ben Benanke will come in and save the day by quickly lower interest rates. Don't get too gunghole with those puts just yet until the smackdown really happens, but do add some as we go higher.
We are getting very close to a market meltdown is my opinion.
Why not protect yourselves (and perhaps profit some) when and if all hell breaks loose? The May QQQQ puts should allow you to sleep better at night and can make you a bundle if we get the devastation scenerio.
Buy first thing friday, and buy some more if the QQQQ's continue to go higher.
I do not think the correction is done yet. Many of the major worries are converging right now that can potentially cause a severe market crash. I think it will be short term though, because if it gets too severe, Ben Benanke will come in and save the day by quickly lower interest rates. Don't get too gunghole with those puts just yet until the smackdown really happens, but do add some as we go higher.
posted by beanie11111 | 3:14 AM
130 Comments:
Sorry i haven't been answering some of your questions. It's just that there so darn many posts to scroll thru! lol
But it seems you folks are holding well on your own. There's been great recommendations lately from some of you, like LEND, etc.
Good luck!
ICE is a short. Short on any rise!!!!
This thing will eventually see 110.
RIMM is tough to crack, but it will crack eventually and likely soon. It's a short.
LEND - just be careful of this one. I think it's already played out on the long side.
Beanie, RIMM seems to be trading in a very narrow range, and looks like its getting ready to make a major move. does it become a buy if it trades above 138?
Beanie,
Plenty of news out on LEND...looks frightening...ya think? Have to wait for opening bell to see which way it goes. ALOK 43suggested wait a little...
Pamfla
Oh Man. I love these "flashing red warnings"
Remember this:
Tuesday, January 30, 2007
Flashing red warning!!!!!! Market correction is coming.
I've been looking charts of the SPY and QQQQ and it's telling me that a correction is coming very very soon. We are so long on the tooth with this bull run that started last July and has yet to correct. I believe that time is here.
Please shave off most of your long positions and keep 50% cash at least, so you can buy the stocks you love at the bottom of this correction.
After rallying through first 20 days of february on extremely low volume, the markets crashed and crashed hard.
Thanks Beanie.
beanie11111 said...
Sorry i haven't been answering some of your questions. It's just that there so darn many posts to scroll thru! lol
Here's a suggestion Beanie - how about remaining awake during daytime?
LOL!!!
NMX will be taken over. The fast money guys repeated that yesterday.
lol gosu.
I am actually awake (1/2 awake) most days. Lots of stocks to research, charts to read, trades to make, market info to peruse, and then the mega number of posts on this blog to scroll thru. You guys are making it feel like WORK. lol
NMX looks very good on technicals. It's a buy.
LEND on the move!!!
From 9.10 to 10.10 in 4 mins!
Make a note that there is a possibility that QQQQ could rally to 44.50 if we get the best scenerio on this countertrend rally.
So place ya bets accordingly.
BOT 500 LEND @ 10.20
SLD 500 LEND @ 11.55
SWEEEEETT!!!!
I LOVE PRE-MARKET!!
800K LEND shares traded in 10 mins!!
WOW!!!
LEND:
What would happen after they sell off all or most their loans? Note that nonprime mortgage loans is the only this company does.
Anonymous said...
I normally don't speculate in pennies from heaven but I think there is a huge upside in ZROS with a break thru internet technology, stock is thinly traded and there is no way of hedging your position so if interested play small so you cant get hurt, stock has made a big move and continues to move higher with a very tight float..does have potential to get listed on nasdaq and be something huge..again nibble a bit if you can afford to lose and tuck it away for a few..
Tue Mar 13, 11:43:00 AM EDT
ANYONE ELSE BUY UNDER A BUCK??
MAS
Gosu, I did better than you!
BOT 1000 LEND @ 10.15
SLD 1000 LEND @ 12.20
I'M RICH! I'M RICH!
Thanks Beanie for the heads-up!
You're making me smile from ear to ear!!!!! :)
Paul
what is flashing red? what is it that spooks you so bad? speak, i'm listening.
JC
FMT on the move
just got a billion dollar cash infusion!
You are King, Paul. Congrats.
Good trade Paul! Wish I woke up earlier.
QQQQ looks like it's headed for a turn on the 60 minute chart, usually a good indicator.
Regardless, I'll be sure not to become too gunghole on it.
Aside: Does anyone else think the French exchange is appropriately named?
The "CAC 40?"
GOSE, ZEE, Beanz, Alok or anyone... Anyone familiar with old Tom the Trader?
See below:
http://ttthedgefund.blogspot.com/
HPQ increased share buyback
by 8 billion whew..!
Beanie,
Do you like OPBL here?
holy sheesh kabob, Batman, LEND up 26% now...
anon,
OPBL is in corrections mode. I'd wait.
The markets should be ok for the next few days.
Benny speaking next Wed.
Dollar dropped against the yen again last night... back under 117 yen... carry trade anyone?
On another note: Go long on the L'ville Cards this weekend.
Vandy too.
SBUX:
A really good swing and long term buy here.
Perfect chart technicals of a bottom.
Beanie,
Do you think FMT is a buy here for the short term?
Was gonna mention the BUX... they're up in pre-market as well.
US Feb Industrial Production up 1.0%;
Consensus .3%
January Industrial Production revised upwards.
Where's the slowdown???
LEND going back to 15 bucks today total option strike manipulation!
Production rose a stronger than expected 1.0% (consensus 0.3%), the largest production increase since November 2005
LEND has mo-jo....!
Huge volume once again this is going to be fun...!
FSLR is now a swing short
FSLR:
it should close the gap at 48
Die AZO die!
On the long side, I've had UL on my long term port for a while for the divvy, but it's jumping now on buyout rumors.
ZROS going higher !
damn beanie i was hoping for some positive feedback on OPBL picked up some yesterday, love the action in it today.
CME up up and away
ZROS buy buy buy
MAS
Crap, GOSU i just tried to short LEND at 12.9 in IB and it said LEND was not available to short. whats up with that?
Does anyone know if NYMX buys something or is bought out, what it means for OPBL.
ZOLT on fire
FSLR is going down short term, like it or not.
Solar stocks are back in, i'm trading ASTI
hmm...IB says "LEND not available for short sale"
It must have been removed just recently coz I was able to short it on Tuesday.
pinning GS @ 200 crooks
I feel screwed by IB, I could have made so much money :((, LEND is at 12.2 now.
Got into ASTI at 8.2
MAS i invest in under a buck. I've been watching Calpine CPNLQ for sometime. looks like it might be recovering? n e thoughts. ZROS has run up a lot...... too high to get in now.
BOOM bottomed yesterday at 29.0x. Now at 30.93 and climbing. I made 8k, holding for $35ish. At least have it on your watch list.
ALOK,
ZROS is still a buy here especially on a lil pullback,like i said play small if you cant afford to lose, my avg cost is pennies now we are in dollars, very tight float,if we do 5 million shares today stock will pop over 2 bucks,I did bring it to the board @ .75 few days ago, great technology and if they get nas listing look out..Good Luck!
MAS
thanks MAS i'll add it to my watch list. will wait for a pull back to get in, maybe add to my roth were i hold on to stocks for longer term.
I think AZO's poised to drop here, fellahs.
Apr 130 puts me gots.
alok, pam did you guys rebuy LEND yesterday??? i did and i am glad, up another 30%
BOT getting polesmoked..lol
i am glad i took a risky move yesterday in rebuying LEND after sell for 130% profit buying at 4.74, selling for 10.50 then rebuying back at 9.45 at closing. miracles happens sometimes. lol
All rises should be shorted --->
RIMM
ICE
FSLR
CME
Anon, I didn't touch LEND again yesterday. I was trying to short it today but my broker didnt let me. Excellent trade, good job on maximising your profits, i think you must be done for the year now on just this one stock. lol.
alok, lol no. i havent been following LEND.. just came across it after profiting from FICC on the long when it plummet. good luck on ur tading
keep an eye on FICC.. price currently at 3.50 but could be buy out at 4.05 in several months.. but the problem is whether deal will go through..
sorry. this is an edit from my previous post. FICC is currently at 4.05 and buy out deal is at 5.55.
Brokerages falling down hard. I don't see how markets can fly as financials make one of the biggest part of S&P.
No real leadership from technology either.
$RUT - roh, $RAGgie!
Die, provider of commodity auto parts, Die!
LJPC gobble gobble gobble
FSLR breaking 50 time to buy yet?
booyah?
beanie11111 said...
ICE is a short. Short on any rise!!!!
This thing will eventually see 110.
Fri Mar 16, 04:01:00 AM EDT
Good one buddy.SWEEEET
z-stock - you probably will see 123 on this sucker pretty soon.
shorting these exchanges are like printing money lol
overbloated piglets
If markets fall pretty pretty hard today - like 150+, I would buy some EOD today.
Stay dead, provider of weekend grease monkey amusement, stay dead!
I think 123.40 or so is the "say buh bye" level.
Alrighty JakeGint got it.
Gotta have some fun.
Where are Mr. Significantly higher prices and his anonymous buddies?
Looks like they are hiding in shame.
SWEEEET! LOL!
It says a lot about you gosu when you take pleasure in watching the markets go down.
Short selling is one thing, actively enjoying falling markets is quite another.
nice price and volume action in HEPH today
10 million shares lookie likes we found another short squeeze boys,
HEPH going back to 5-6 range
booooooooo0 Yah!
sharks in the shallow waters lol
"enjoying falling markets"???? With money invested in 401(k) and IRA and 529s, believe me there is absolutely no pleasure in seeing markets going down.
Plus, in my active trading account, 90% of trading and profitable activity happens when markets are rallying hard.
Right now, with the markets losing their mojo, I am just looking for some fun, taking pleasure in markets knocking down good for nothing Mr. Significantly higher prices and his buddies. And knocking them HARD. SWEEET!
SWEEET!
Anonymous, it's not about "enjoying" anything. It's about "being right." Both Gose and I (and I imagine any trader) will be just as happy when stocks go up, provided we are positioned correctly.
Seriously, the most important lesson you can learn is that the markets go both ways -- this is especially true in a range bound period, which we may be in for the next number of years.
I recommend "Reminisces of a Stock Operator" by Edwin LeFevre (Jesse Livermore's bio). It was written some 85 years ago, but the lessons on trading are as true today as they were then.
That is so true JakeGint,
In his book, Market Wizards, Jack D. Schwager, interviews several top market makers of the last 25 years. The common theme - "Never fight the markets"
I would suggest this recommended reading for everybody.
Amazon Link
ZROS on the high range..hope you guys loaded the boat I'll be selling half my position over $2
Happy Friday & Carpe Diem!!!!
MAS
Brokerages oversold? Time to nibble?
What part of "Short selling is one thing" did you knuckleheads not comprehend?
I'm very familiar with Jesse Livermore. I'm an active short seller when the opportunity presents itself. I however don't take pleasure in falling markets.
Please, reread what I wrote. If you still fail to grasp what should be a fairly easy point to understand then we'll leave it at that. No time to argue!
Perhaps if you'd familiarize yourself with Blogger's simple sign up procedure, you'd have more credibility on your claims, Mr. "Anon."
In the meantime, your complaints about Gose's "celebrating" sounds like sour grapes. If you're "very familiar" with Livermore, you'd know that he's only celebrating being (temporarily) right.
Beanie11111 or someone who is familiar with NVEC: Is the March 8th recommendation of a buy still good here? Thanks.
TRMS looks yummy right now at 7.15! :)
ASTI has been very very good to me.
Thanks Beanie!!
TIMBERRRRRRRRRRR!
"Timber" is so cliche.
Scooby doo is the way to go:
"$RUT-roh, $RAG-gie!"
with Quadruple witching do we see a nice bounce in last hour..thoughts?
man anyone seeing the fall in TSL, its hitting lows regularly every 10 mins, looks like u can short any rise and make moneyy on it today.
Just got email new century is dead!!
Its good to see MSFT higher on decent volume.
This probably means we may be going down, but not crashing.
Anonymous said...
What part of "Short selling is one thing" did you knuckleheads not comprehend?
Sour grapes!! HEEHEHE SWEEEET!
Got your teeth knocked out Mr. Significantly higher prices. YAHOOOO!!!
CME going to 500.
Hi Board,
Man, should of, could of bought LEND in the low 9.00 yesterday...just checked it out...
Wha tis the future for this monster? Anyone???
Thanks,
Pam
DIE CME DIE!!!
Man! I was in such a good mood to buy anything and everything on my list today to sell it on March 31. But the sucker crash just did not happen.
But I think we will be higher on March 31 than we are today.
HPQ buy back is sooo good. Only now if MSFT, AAPL and GOOG can announce massive buybacks.
CME a buy here @ 520
beanie I got nothing today except falling oil prices will help the market on Monday. Oil pits (World wide Glut)
Bought NYX downside hits 78…next week .holding NYX 5 days …
I'm now buying OPBL at 5.95!
Paul
I bought ICE too, I didn’t see the punishment// ….., a stock gets when it bids on another company.
FSLR STP look like good buys first thing Monday morn.
Beanie or anyone question about RIMM. in this weak mkt RIMM has hardly moved at all showing either tremendous strength/tremendou weakness/ indecisiveness.
please correct me if i'm wrong but to me it looks like its shown tremendous strenght. with bad news in a bad mkt it hardly fell. the bollinger bands are indicating that it is getting ready for a big move and i feel that move is going to be to the upside. please feedback anyone. why do you guys feel RIMM is going to fall.
alok,
Unless they upgrade the stock, RIMM will likely fall. From a technical perspective, there was a big reversal on Wed but there was no follow-thru; instead it was met with total undecisiveness on Thursday and today.
RIMM in the last two weeks closed slightly below the 10dayMA, but never above that line. The 10dayMA also crossed downwards below the 20dayMA last week, and is now on its way to the 50dayMA.
If it looks like RIMM will closed above the 10dayMA then i'll re-evaluate. Otherwise, RIMM is a short to me.
Hope that helps.
Hello everyone,
Hope you all had a profitable week and I'd like to say, this is a really cool board and I am more than happy to share my moves with you all and share and share alike...I finally made an attempt to create my own page/blog thus making me anon no more, I will be adding some cool tools, real time chat box and daily trading action, if you'd like to know more about me feel free to check out my new linkage:
http://mastrader.blogspot.com/
Add me to your favorites if you like I'm looking forward to meeting any serious traders that want to make BIG money and be entertained daily..
Have a HAPPY ST. PADDYS DAY & great weekend!
MAS
awesome beanie that really helps. the 2 dojis at the 40dma is throwing me off too. i've been looking to get in RIMM for a long time but i'm holding back because of your wisdom. i figure (my amatuer analysis) that if it trades above 138 that will be the sign that i've been waiting for to go long.
Hey MAS sorry i doubted your ZROS tip, it won't happen again lol. it shot up like a rocket today.
MNST (Monster)
OMX (Office Max)
listed as new shorts on gorrilla.
thoughts?
Beanie, your NVEC pick from this past week looks very compelling from a technical basis with the 50-day SMA in the process of turning up, MACD crossing up thru zero into bullish territory, and the stock trading in a nice upward trending channel reflected in rising high and low Bollinger Bands after breaking decisively above the 50-day SMA a week ago.
Recent upward price spikes have generated the higher volume with consolidative steps on weak or enemic volume.
The 10-day SMA crossed above the 50-day SMA a week ago and the 20-day SMA is currently crossing over the 50-day SMA.
There's a good deal of support at the current price which was resistance and now is solid support.
The ironic thing is each time NVEC has had a large upward spike in price and volume surge recently, the uncooperative general market has subsequently sold off hard, effectively muting any kind follow through short-term.
(A money making company with no debt and large year over year earnings and revenue growth to boot.)
What are your current thoughts on your NVEC pick.
Thanks in advance.
Gosu, I looked at MNST and OMX. Whatever it's worth, just based on technicals, none seem to have significant room to go. 10-15%?
Other shorts to look at are HLYS, ANSW and BIDU, all Gargoyle Investor picks. Would appreciate your thoughts on these.
Guys and Gals consider AAPL on your list, it's about to launch APPLE TV next week, will release a new operating system in April, and video ipod in Dec. Despite the option backdating issue, still doing good business and still trading close to 90.
Gosu, I looked at both the shorts too (MNST and OMX) and agree with Anon that they don't seem to be good shorts as they stand today. however if things can change if they go up a little and then begin the new downtrend, both stocks look weak. OMX seems to be just begining its downtrend.
walst, I like NVEC, i'm in it already, now all i need is it to move in the direction beanie thought it should, the mkt weakness is killing me :)
NVEC (i guess some of ya didnt want the 10% quick profit!)
Immediate term sell, longer term buy.
OMX:
It's a good short. It really is. Put options are the way to play this one.
MNST:
it could go up a little bit short term, but it's headed down in the intermediate term.
It's a good short as it goes higher.
It's great that I found this board... people posting on it well into the weekend!
In terms of puts on the Naz it is interesting that it held up so well this week. This is mostly because MSFT had a good week. I agree with you beanie, the Q's will be heading lower. There just has been too much technical damage done for the market to rally from here.
I started reading the site when you recommended shorting CRM. Is it still a short with a PE of 10,400?
Hi Beanie,
You are so right about your board. The group gathered here is very coolllllllllllll like you. Yea, I want to make money especially in today's market. The other board was too controversial, remember? Anyway, to Anonymous, ALOK, GOSU, you people are great and super helpful. TO: my buddy Anonymous, I should have bought LEND in the low 9.00's Thurs. Bought some in the mid-11.00's not alot. Man, that stock rocked on Friday so I have to hold for the moment at least one day according to SEC Bull crap. Used to have over 25K in my account...Can we build it up again? Like beanie said, were here to have fun, not panic, and enjoy the ride. So, Mon.
i'll sign on early cause it's TIME TO ROCK N ROLL ...Thanks, Pam
ANONYMOUS, your a wise trader as well, great tips...Thanks Pamfla
BOARD,
Hi kids! My step mom gave me a tip about a OTC which I generally don't mess and probably will not. The ticker symbol is CSUH.
Anyway, ANONYMOUS, what's your take with LEND on Mon. since I'm still holding? I think it will take off since I had my doubts on 3/16/07 and it did the opposite. If your up 30%, congrats. Beanie thinks the stock is on a down trend I think he thinks this? Mentioned that in the board's 150 comments. LOL
Pamfla
Beanie, is it correct to assume you are just basically negative on any longs at this time, in general, because you have assumed a short-term negative posture regarding the overall market?
haha Pamfla, looks like you and i read the same crap. I dont know where i read about CSUH but i've been watching it for a few days, cant touch it, seems to be falling so hard dont know where it will end ( 1 cent???).
LOL @ my step mom gave me a tip, consider this if financing falls apart and the news hits the tape and stock is HALTED it opens at a buck and any stop losses are not filled, bottomline, your holdings are virtually worthless, Sell LEND at the market, it had its ride down and its squeeze up last week, dead money and risky business holding overnight/week
MAS,
I totally feel the same way about OTC's cause I got burned with that exact scenerio last year. NEVER AGAIN
Pamfla
LMAO @ U !!
This is great info to know.
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