RIMM about to get reamed?
RIMM closed @134.49
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. Short it on any rise to 136-137 area (and take profits on the way down to 134) until it really craters.
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. Short it on any rise to 136-137 area (and take profits on the way down to 134) until it really craters.
posted by beanie11111 | 1:04 AM
183 Comments:
Our government is now desperately trying to keep the stock market afloat, despite the fact that Benanke and Paulson are trying to tell us that our economy is good. The simple reason is this: Last week, the Fed essentially pumped 75 billion dollars into the economy/market by giving the broker-dealers very low interest rates for those loans. If the economy is great, why do this?
I believe that when people are plugged into the system they tend to say things to please the system, even if it's not the truth. Alan Greenspan seems alot more honest nowadays, now that he is no longer part of the system. lol
I think the mantra now is to say whatever to please the public and relieve their fears (so they won't sell their stocks and collapse the market), until the economy actually gets better.
GRMN is a good long.
beanie do u really believe in any market meltdown in next week? Whats your take is on ASTI? Is it still a buy after moving so much, or where u will put ur buy if u like the stock.
Also thanks for posting some good calls on ur blog.
I agree, but AAPL will go higher due to ITV and I PHONE release, if dirty option reports dont hit the tape....RIMM is a wall st darling and the cheaper pearl/blackberry release and a few deals will drive the stock higher, If I were a bettng man, I'd go
long RIMM here
beanie11111 said...
Last week, the Fed essentially pumped 75 billion dollars into the economy/market by giving the broker-dealers very low interest rates for those loans.
Beanie, whats the source of this information? Website? Can u give us the link?
I know for a fact that the govt. has traders on all the exchange floors whose only job is to stabilize the market. Art Cashin of CNBC who himself is on the floor of NYSE has mentioned this several times.
Also, would like to review here two interesting takes on ICE:
1) MAS mentions here that ICE is a day traders dream. I could not agree more. The ATR (Average true range) on this stock is more than 8 dollars. The hype on this stock is unbelievable. If you research this stock on yahoo and look at its historical prices here the range between the high and low is amazing. Comparison example, ATR for RIMM is only 4.
2) z-stock mentions here that ICE at 123 is bet the ranch. z-stock, do you still believe that? I am very interested.
Irrespective of what happens with Nasdaq or the market, I think NMX will be a buyout target.
I totally agree that NMX is on the block but the stock doesnt trade high volume and is manipulated big time, tisk tisk, buying a few hundred shares of a $130 stock for a 10-20% premium on hopes of a buy out? Many more opportunities in the market right now than to speculate on exchange consolidation but ICE and CME can be bought and sold daily with strict discipline..this week it's all about the FED indeed.
PS GOSU thanks for checking out my new blog, I hope I can put a smile on your face and a few bucks in your pocket and maybe even a chuckle or two..
Have a great SUNDAY all!
MAS
BIDU good short? Target 88
7 point downside on BIDU?
if the market gets healthy, the stock will shoot back to new highs, I'd short at or if it breaks the bottom support...
I say "fvck the chinese"...!
Beanz, you know I lean short these days, so I'm not trying to dispute your overall theory (of the gummint's interst in supporting the market), but I'd like some detail about your $75 billion low interest loan. Are you talking about the treasure auction? Because that's actually an auction, where prices are bid. The gov't doesn't set a high or low price... it takes what the market offers.
I'd be careful with BIDU, it is resting very nicely on the 200dma, could get a small bounce although the general direction seems to be downwards just like GOOG (sorry beanie your GOOG buy looks like a bad trade for the moment). wait for it to break below the 200dma and then short for GOSU's tgt. will be a nice and smooth ride.
Beanie two questions:
1. do you also believe in the PPT
2. what is your take on ASTI? (or anyone else)
If the 75 billion dollars giveaway is true then I think this ship has lot of holes and plugging them by 75 billions will not be enough. But as small fishes we need to stay away or aware of crushing glaciers.
Not a bull or bear, looking for 12k level at DOW.
I've also seen number thrown around by the tin foil hat types but nothing to back up the claims. I don't doubt that it could be possible but it'd be nice to see where these numbers are coming from. A couple other bloggers are writing about it as well.
BIDU may end up being a good short considering the news that came out of china this weekend. Asia markets may sell off monday. Good trading!
Rumors abound of a Google phone with functionalities of the Blackberry. If true, there will be a lot more down side to RIMM.
SIGA watch.....told you weeks ago at 3.40. JST sayin.
Read full story.....
http://yahoo.reuters.com/news/articlehybrid.aspx?type=comktNews&storyID=urn:newsml:reuters.com:20070317:MTFH27966_2007-03-17_05-00-27_N16213321&pageNumber=1&imageid=&cap=&sz=13&WTModLoc=HybArt-C1-ArticlePage1
Rambo
Beannie
Article Credit Suisse said 3500% increase in SOLAR power China..
by 2020 it will have 2,000MW of solar power by 2020 vs. 60MW today.
Goog Update \ Before everyone yells at me….
Beannie I have so many entry prices for GOOG , it’s just ridiculous….
$436 = 70/30 odds = one of my micro percentages, also = 200 day……coincidence…
$430 = gap signal support from (oct 23) 75/25 odds
$420 = rsi 30 = strong support….. 80/20 odds
$410 = 90/10 odds I like my odds at this price the best….I doubt GOOG will get this low….
4 different entries. All successful….Just some have downside, that will soon be recovered….
(QQQQ 50 day 41.x)= BIO take off...Just a thought....
GOOG starting Feb 07
dropped $513 - 20% = $410
20% drop matches the last 2006 (correction)_
ICE percentages mirroring NYX..so far…..NYX holds at $78. ICE holds at $123…
NYX slips and falls below $78, Go with Beannie's….Technicals…(ICE support $91 Thru $122….)
Merger Monday news !!!!
Barclays - the UK's third largest bank, buying
ABN - the Netherlands' biggest bank
SOLAR STOCKS volatile Monday…China headline….
March 17 (Bloomberg) -- China raised interest rates for the third time in 11 months to curb inflation… rate will be raised to 6.39 percent -- its highest in almost eight years -- from 6.12 percent, starting tomorrow.. The central bank will probably raise interest rates again two more times this year,''
The line of least resistance has changed, to the bear side...
Take this article with a grain of salt, since the author is selling a newsletter, but some of the charting is compelling:
http://www.zealllc.com/2007/beareve.htm
The line of least resistance has changed -- as Jesse would say. Take this essay with a grain of salt, since it's written by a guy trying to sell a bear newsletter. Some of the charts (and arguments) are compelling, however:
http://www.zealllc.com/2007/beareve.htm
That's pretty funny. Thought I lost the post the first time (since it didn't show up). You can see how good my memory is by contrasting the two...
If the 75 billion dollars giveaway is true then I think this ship has lot of holes and plugging them by 75 billions will not be enough. But as small fishes we need to stay away or aware of crushing glaciers.
Not a bull or bear, looking for 12k level at DOW.
LOL@ small fishies, what you talking bout willis?
ZSTOCK cool bloggage..
added to my fav's
Hi Board,
ALOK, R U still in LEND from Friday? Talk to me....
Pamfla
Pamfla I got out of LEND, on friday I wanted to short it at 12.9 but my broker didn't allow me. its gone up a lot, may still go up and defy gravity, but its too dangerous for me. might look at it as the day plays it. if u have some profits in it, take some.
alok,
sorry i haven't looked at GOOG, but it has since turned into a short. Looks like $400 is a real possibility.
The next 3 days i recommend you folks tread lightly and and not put too much faith on either direction of the market.
I am negative on the market right now, but you know i do believe there is a Plunge Protection Team. Why wouldn't there be? It makes logical sense there would be. With so much money at stake, it would be foolhardy to think there is no Plunge Protection Team.
Most good conspiracy theories are actually true, as long as they make some logical sense. Most people think that aliens are the imaginations of conpiracy theorists. They said those flying machines up in the sky are merely government aircrafts. Government aircrafts my arse! Many of the cultures in the past, dated thousands of years ago, have paintings/drawing of these alien aircrafts! You see these painting in the caves and, in later cultures, in their monuments; and there were no governments or man-made planes AT THE TIME!!!!!!!
Hey Gosu,
Wait till RIMM goes below $5 a share, and then short it!!!!
ROFLMAO!!!
HEHEHEHEHEHE...
Mr Significantly high prices and his coward idiot anonymous buddies are still hanging in there.
Good for us guys, please hang in there. We need moron traders like you to make profit.
I know markets have kicked your A$$es but please don't leave, buy on margin. HEHEHEEHEHE.
LOL!!!
Okay ALOK,
Thanks for the suggestion. Hope it runs up a little tomorrow to
$14.00. Pamfla
Guys, these blogs are highly recommended:
1) http://z-stock.blogspot.com
2) http://mastrader.blogspot.com
3) http://stockbee.blogspot.com
I know that I will make money just religiously visiting all these blogs.
And no, none of them are trying to sell anything. :-)
Don't look now but the Dow, S&P 500 and Nasdaq futures are all up.
The Dollar is up rocking vs the Yen.
Nikkei is rallying.
By the way, the rate increase from the Chinese central bank was totally expected and anticipated.
Holy SHIT!!
China raises interest rates and they they are up 1%!! This is crazy. I'm on all margin, heavily shorted and loaded with PUTS and we will be up tomorrow!!! What's wrong with stocks, they should be crashing. World markets are all up!~!!!!
The Hang Seng is down, if only 8 basis pts or so. The Nikkei is up, due to dollar manipulation. I wouldn't panic if I were short (and I am). Lipstick applique, is all.
DXPE up 20% on friday.
Average volume - 68,000
Fridays volume - 1 million (approx)
With the rest of the market lacklustre, I think a lot of smart money will be chasing just a few earnings related stocks that have potential to double.
I think if the market is decent on Monday, this probably will be up 5%.
What do you guys think?
walstinvestor,
Don't hold ya breath on that just yet. We're probably gonna tank on Monday....
Thanks Beanie!
I've been reading posts from you and Gosu and I loaded up on QQQQ puts last week per your recommendation. Thanks again for the re-assurance!!
Mike
Gosu, i hope you didnt waste your 200 bucks on the world cup package. save your money and wait for the super 8. who knows we might not even qualify for that, hahhaaha, i love the way these guys failed.
Mike,
Beanie's recommendation to buy QQQQ puts was mostly for protection rather than as a large position to hold on its own.
beanie1111 said...
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.
Also, please note that I think Beanie was taking a little longer term perspective (May timeframe). So, please don't panic on a day to day time frame.
I personally think that we will go up until March 31 and then down after that.
Also, keep your eyes on market leaders - Goldman Sachs, MSFT, AAPL and GOOG.
If the market leaders hold their major support levels, I think we might be stable, but if they go below respective support, we are downhill from there.
Interesting...
http://www.jonesreport.com/articles/210207_rockefeller_friendship.html
Dollar hitting new highs on the Yen.
Asian markets up.
http://money.cnn.com/data/premarket/
If Aaron Russo is telling the truth, the only way for the microchips to get in most humans is likely thru the vaccines.
As someone who is net short I would love to see a gap up on the open tomorrow.
Brandon, you might just get that, the chinese mkt is picking up some steam up 2.5%.
M.A.S.
I like your moving picture (Lake waves)….. It inspired me to put up my own moving picture….
Thanks…z-stock….
Dow FUTURES up 22
HANG SENG up ½%
JAPAN semi’s up 3%, telecoms up 2%
I predict...SOLAR UP OPENING bell…..XLE is following it’s five day trading pattern nicely Monday up Tuesday down…..HANG SENG up>> Tech rally in Japan, Merger MONDAY, Financials….
CAN FSLR pass $61.....
BEARS and (Tim Knight) …Look like they’ll be mopping the floors…..closing time MONDAY….
Beanie said buy QQQQ puts the other day. I guess he is wrong. Wish I never did that. Feel stupid now.
My study of downturns of the past few years tells me that we go up until March 31.
The only thing to watch out for is that the tech market leaders(MSFT, AAPL, GOOG) do not go below their major support levels.
Woooo! Dow futures up 22! lol!
Query for the audience... what were Dow futures down on Friday morning (when we had a green open?)
This comment has been removed by the author.
Gosu
Are you long or short? You seem to be changing your tune after the fact based on good or bad events.
Tell me this, are you currently long or short? What stocks do you own or short?
Beanie might be wrong most of the time, but at least he stands up for his positions and at the end he proves himself to be right.
Gosu
You originally said you would be buying after March expiration ends. But just the other day you seem like you were playing a little chicken on the long side? What's up with that?
Let me try to be clear:
I always said that the markets are going down till March 16 - with decent results.
I always maintain that we will go up till March 31.
Believe me I had full plans of loading up on March 16 EOD, but the sharp sell off did not happen.
I am still more than 80% cash and will buy some Monday morning to hold till March 31 if the market leaders hold up their support levels.
Dimwit anonymous: He just said he thought the market would be up again until the 30th of March. He's said that about ten times since I've been on this board. What the hell is wrong with you anyway? Do you imagine you have any credibility from your coward's sign in? Get a real name here, so we can address all of your commentary in similar fashion.
ALOK , I’m about to save you a ton of money….DO NOT SHORT ANYTHING….
akam
bby
bidu
ctc
eca
gd
hans
lfc
mar
mgm
ntri
z-stock, I'm not shorting anything yet, it all depends on how they play on monday, besides i have long ideas too :), and i prefer to be long rather than short. so if the mkt goes up GO LONGS and if not then you need to have a back up right!
but can you tell me why your suggesting not to short any of those stocks.
DOW futures are pointing towards DOW up 150 on MONDAY by closing bell
you know what z-stock i re-read my post and i get your point, it looks like i'm suggesting to short on monday. so i'm reposting with my longs first and the shorts below it so that it changes the perception :) - here is the exact same post.
GOSU are you still bearish on ATI, cause i'm bullish and really like where it is at. however apart from GRMN how about going long on HSY and DECK?
Here are my ideas for shorts on Monday
akam
bby
bidu
ctc
eca
gd
hans
lfc
mar
mgm
ntri
I like CTC as the best short in all of these, I don't know how i stumbled on it, i was typing CTCM and missed the M :), so i dont know anything about the company but it is looking like something that might go to 7.75 if it starts to fall on Monday.
z-stock, I think you might be mistaken. How are you arriving at the figure of 150?
Please note that the DOW futures being traded are June futures and expire on June 15, 2007.
So, about three months before, in March they trade about 100 points above they are trading now and will slowly exactly track the actual DOW reading.
I’m still bearish, on the market, but not against these pre-market numbers, no way enchilada’s….
Alok, I am certainly not bearish on ATI. When I knew the markets going down in Feb, I was looking for stocks that I think were just overbought. ATI and HXM came on my list.
I know it is a very very good company, but are you sure it has further room to run?
gosu
This is a rare reading, as of late, I think it will result in a one day raging bull…
Dow 36
Naz 9
S / P 5
EU will probably up these numbers even more….
Best to go with with the trend.....
Gosu, the problem with stocks hitting all time highs is predicting how high they will go. right now all i know is that its product is in high demand, will be in high demand so the company should do well in the near furture. with that in mind it should atleast retest 110 level, once that is crossed its back to the drawing boards. i'm still trying to learn forecasting.
btw, can you help me with one thing, when looking at charts is it better to look at them in log scale or normal?
ALOK
you're whole list is under stress. I'm not opposed to shorting them either..
I'm just saying. MONDAY looks to be DOW up 150...which on the DIA chart touches the descending 20 day, and then puts the DOW in the perfect position to follow the Descending 20 day down
Down to where? That's the main question...
z-stock i totally get your point, i'm not disagreeing with you. i was just sharing some ideas. if we have an up day on monday, it will make them even better shorts on tuesday or wed if we have weakness in the mkt. i normally generate a watch list every weekend and this week these are some of the stock on my watchlist. the ones i've presented on this board are the best in my short list. i'll be keeping an eye on them and the mkt before taking any step.
i'll also be keeping an eye out for tips from MAS lol.
HSY and DECK are companies for your IRA and Roth. Very good run companies.
I would not be buying them for my actively trading account.
I am looking at:
DXPE - to hold till March 31.
HTI is also on my list.
LM - suggested by z-stock. Good support.
MGM
NMX
Gosu,
I finally understand you’re Futures question…..If oil futures, which are out a month or two months…as well as DIA are up, They make the oil stocks go up….
Same action applies on the DIA futures….DIA futures up, make the DIA 30 stocks go up……
AND up DIA up 150 that’s only 1.2%….that’s a reasonable figure….and matches Japan NIKKIE up 1.4%
….Let’s see what EU does, and then play accordingly…. So far trend in pre market is up…Trend is you’re friend…
Any way...I have someone bugging me to get off this computer, so I have to go.... BUY SOLAR, pre market...IT"S gapping up tommorow....
I am no religious person (spiritual maybe but religious no). I've flipped alot of tv channels and hear alot of preachers preach, but this guy Joel Osteen he makes the most sense and really understands the biblical scriptures as it was meant to convey, unlike the rest of the frauds i hear throughout the years.
No surprise he attracts a humongous audience. He's got the right way of converting people. Always pleasant to hear.
Beanie,/
Whats your take on FCFS
V,
FCFS looks decent for a long. It's a good buy if it looks like it can close positive in the next session.
Did not sleep again Beanie? huh! Watching religious televison! LOL!
Beenie,
What is your take on SMSI. I'm in Houston...and Joel Osteen is well respected. He also is a very good basketball player :0)
Goodmorning Board,
You guys are on the $$$$ ..All the news on LEND is positive this am. Will still sell and look for new investment...
Thanks for info
Pamfla
Heart Attacks and Crazies,
IN Play..AGIX...ACAD...!
GO LTS GOOOOOO :)
Pamfla I am hoping that you managed to get out of LEND.
die RIMM die!!!
ICE a buy
ACAD has MO-Jo weeee this is fun!
ALOK,
Yes, thinking about SIGA
Pamfla
FSLR:
this has been pumped by both Cramer and IBD. If it goes negative, it's gonna go down hard.
46-48
Why the chinese markets rally on a rate increase is beyond me. The last burst before the fall?
I agree beanie. Heard a few minutes ago that chinese govt. passed a law increasing property rights? Perhaps it's that? What do you think of ASTI short-term?
Here's a link to the news.
http://news.bbc.co.uk/nolpda/ukfs_news/hi/newsid_6456000/6456959.stm
AAPL going higher
91
Just shorted NGPS at 33.45.....Please give me your feedback about this? Any feeback welcomed.
Got myself some DXPE this morning.
http://www.youtube.com/watch?v=mfLZm9zSkaA
very very funny
Hey Guys... Does anyone have any thoughts on ACAD shorter term?.........SKI
Most likely, this bounce is technical more than anything else.
QQQQ could see 44
Brett, I've played NGPS between 38 and 42. I got out at 42 and forgot about it till you just brought it my attention, man its taking a beating today. this is a canadian company in GPS tech. its surprising GRMN is doing so well and this one is tanking.
Hey Guys... Does anyone have any thoughts on ACAD shorter term?.........SKI
should see a new 52 wk high on the hype/squeeze and momentum then back down...Good Luck!
This is a really good time to buy some of them May QQQQ puts.
Alok-- Not surprising if you consider that one is (in the market's eyes, at least) eating the other's lunch.
Beanz-- looks like make or break time for FSLR at $52.40 here.... Decent volume today, though.
Hmmm...if Beanie is insisting to buy May QQQQ puts, I would not load up 100% on longs. Even though I am still buying, I will take profits as they come and not insist on hard targets.
I will be watching todays volume closely. There has to be conviction in the market. Hopefully we can close with conviction.
Jake very true, also I dont thing NGPS makes instruments for civilian use, they are a canadian company and mainly work with the military. last earnings what not bad not good, they met expectations gave good guidance and still got slammed to 36 but then rose back to 44. i dont know what happened this time, but i'm sure they will rise again, look at the long term chart. people have made of lot of money on NGPS.
No idea about long term, but I think we still will be higher on March 31 than the close last Friday.
Can we get some volume please?
FSLR:
needs a rinsing. Darn that baldy Cramer and IBD pump. lol
Have you folks notice our gasoline prices are going thru the roof again?
What do you expect buddy, its summer driving season. This is the time oil companies make maximum profit.
Not yet, they will fall first and then start going up. OIL has to get back to below 55.
what do you guys think about the afternoon session. are we going to have a strong end of day rally or is it going to fizzle out?
CME:
looks good for a swing trade. Long it.
529.18
CME could see 550-560 before going down again
bears are hurtin badly today.. lol
Added OPBL at 5.63, seems stable at this level.
Sue
I think GROW is a good buy.
ALJ might be a take over target.
RHT:
Redhat's chart looks good.
Long.
beanie what is your take on opbl? is it a buy at this level or does it have more downside potential?
Will Helicopter Ben indicate he'll lower interest rates? If so, hyper shorts got get burned some more.
alok,
more downside
Ahh thats what i tought, i had the 5.75 mark, if it broke that to the downside its more waiting for me. Sue please be cautious with your trade.
meister,
SMSI has some short term downside
Bought some stocks this morning, but I have to see some volume before I buy more.
If I don't see volume, I will take my profits.
any thoughts on ice ?
FSLR:
unbelievable! Cramer and his big mouth holding this stock up when all solars are down. lol
Beanz,
Speak for yourself, I got some RUT-rohs about half an hour ago, and they are green. (RUT-rohs = RUT Apr 130 puts).
If the ESPY 5 Hunnit busts 1400 here, I wil have a smile upon my face.
Ask yourself fellahs... where tha flu is the VOLUME??
Beanz, ironic on the FSLR. It is my only long right now, and I am DOWN in it.
(Let that be a lesson to me).
I got NAZDAWG volume at LESS than 1.2 billon shares... at 2:30 gentlemen.
This was okay pre-1995, but today?
VOlume very light today.
No conviction except short covering so far.
Wednesday is when the fireworks begin.
ICE: is a buy short term
Bought XLE APR 60 put, HOLD one day swing trade ,,,
hoping energy gets depressed ahead of oil reserve report due Wed, and ahead of FOMC, starts wed , finishes thurs…
BEANIE - Fireworks in which direction?
Gosu
is all the way mentioning Mar 31. What is so special about this date?
Please advice!
Thanks!
Dimitry
Come on guys. If you have to give us a rally, please give us on high volume.
Sigh!!!!
ICE:
I just dont feel comfortable longing this one here. A buy signal has not been confirmed.
Poor conviction, we will probably see the lowest volume in 5 days today on both the NYSE and Nasdaq.
http://finance.yahoo.com/q/bc?s=%5ETV.N&t=5d
http://finance.yahoo.com/q/bc?s=%5ETV.O&t=5d
Nothing special about March 31. Just my study of past downturns.
As I had the feeling/knowledge about markets going down till March 16 (options expiration), they then typically rally after it to end higher at the calender quarter end.
Bought FCX apr 60 PUT $1.78 Fcx PUT 62 = 70/30 PUT
f19 07/08 5.32/4.99 o12...6.65/5.52..EPS trending down, AT 63 my chance went up….
What are the futures telling us about the likelihood of Uncle Ben cutting?
Beannie I agree on ICE In fact market direction next two days murky at best…
VIX AT $14.8 , I sure would like to see $13. I think that’s it’s new price channel low…so I’ve read….anyway draw straight line across on chart …It’s obvious…
It seems that the traders are going to take some profits off the table in the last hour.
A.
>very flawed article
i despise the small cap vs. large cap chatter that seems to never end. it is a universe of stocks not a black/white small cap vs. large cap.
the goal of a small cap is to eventually appreciate into a mid cap and then appreciate into a large cap.
to just slice things small cap vs. large cap and derive conclusions is simply foolish.
to even imply a class of stocks based on market cap is 'more expensive' than in 2000 simply based on PE makes so sense either....
if they'd used historical earnings to factor in forward PE in that study, no period in history would be pricier then 2000 for any market size group as so many companies lost the 'E' part of the PE.
West
So buy calls on the VIX at 13?
beanie, RIMM about to get reamed soon?
A.
Beannie the BOT apr 200 call went from $4.60 to $7.20,,,,,, you trading BOT TOO!!!
West, I appreciate your rant of the flawed article! I feel I learn the most about trading when you do things like that.
I couldn't agree more on small cap vs big cap. I hear people talk about it all the time but I never understood the usefulness. Maybe it is useful for index trades and portfolio balances?
But if we all are picking stocks, what difference does it make??
Brett
CME gave it all back lol
Buying VIX calls at $13 is low risk….APR calls / puts are modestly priced now…and
VIX potentially can call short term market… direction..(swings)
XLE and FCX puts…. “”Movin’ on up””
CBOT authorized talks with ICE, bad for ice right ?
RIMM:
This could be it! The reaming starts!
Thoughts on buying PPG long?
For rimm i see a target of 125. What do u think beanie? Also I put a chart of JST on www.thebulltrader.com.....Looks like good support, tell me what you think beanie
I can not find out VIX, is it ^vix from yahoo? what is its symbol?
Thanks
17 minutes to go... will we trade 1.5 billion shares on the Nazzle?
VIX is $VIX....You need the $ sign
anon
$vix at stock charts ^vix at yahoo
If you intend to buy vix at 13, It should give you some protection in a major downturn, such as Beannie’s QQQQ suggestion..
VIX quote is best at
http://www.cboe.com
Chicago board options exchange
http://www.cboe.com/DelayedQuote/SimpleQuote.aspx?TICKER=VIX
Hi Brett,
I still can not find $vix from TD AMERITRADE. When I entered $vix, it says "The symbol you entered ($VIX) is not valid." How can I trade it?
ICE tumbling, any targets ?
Not too sure about TD....I use scottrade. Sorry, Go on yahoo message boards (siri) and ask there. Somone should help. Its a active board
why did beanie focus on wednesday? which direction?
Okay finished over 1.6bn on the Nazzle with a little last minute (literally!) plunge protection action.
Actually more like short covering, but ya never know...
Boom-- isn't Wednesday Bernake Day?
At Carvel?
Federal Open Market Committee, meeting March 20 and 21, They may even add language to their statement underscoring their concern about weakening economic conditions, economists say.
If FOMC SAYS "weakening economic conditions," I expect some kind of FIREWORKS…
Zee- I see more of a "everyone remain calm" statement, in the usual tradition. There are ego's at stake here, remember.
JG
I’m just copying and pasting what, the news article said…
Hey Z-MAN.... I'm liking that FCX april put! I got in at 1.80 and it's trading lower AH. What's your thoughts on exit strategy?.....SKI
Fireworks on the up or down side, Z?
Markets rally because a cut is coming or tank because we are closer to recession?
I hope you can cut and paste this one. Anyone else think the weekly charts are important? COMP at 2400, do or die:
http://stockcharts.com/h-sc/ui?s=$COMPQ&p=W&b=5&g=0&id=p90977404476&a=84971275&listNum=1&listNum=1
Anon
Glad to you on board with FCX puts…The good news is …Sky is the LIMIT…look for 55% thru 300% return…..FCX APR 60 put…
ADAM
This might be it… DIA Target …117 /118… = 200 day…Here we go...
JG
That’s a Great!!!! .. chart JG
One CHART SAYS IT all…
http://stockcharts.com/h-sc/ui?s=$COMPQ&p=W&b=5&g=0&id=p90977404476&a=84971275
Zee-man,
Still trying to figger your shorts. FCX looks like it's breaking out (at least on the daily, admitted 60 min looks somewhat tired)? What is the stategery of shorting the breakout, rather than waiting for it to break below $62, or, better $61?
Note -- I respect your work immensely and am not trying to be snarky... just trying to learn something here...
Here's the chart I'm using for reference:
http://stockcharts.com/h-sc/ui?s=fcx&p=D&b=5&g=0&id=p62796374887
ADCT, which I'd made some long money on this year, looks like it's primed for another of it's famous telecom equipment maker blues swoons...
Jake
I rule out a 67 (2006) double top, because FCX doesn’t have the earnings…. …And I call that signal, the head fake, looks like it’s breaking, when in my determination, it’s a last final gasp for air…. And the market will or should be down tomorrow ahead of FOMC
What’s your take on the $COMPQ CHART?…It really does look like do or die….up or down…?? I’m neutral..or overwhelmed,
(or I have stock block, similar to writer’s block…)
Also on FCX
Gold and oil prices don’t do to good on Tuesday’s, more than not….
Jake, a quick question on your $COMPQ chart, why didn't you take the upsloping line through the bottom of the candle on May 05. Had you done that the whole scenario changes, now you would have the line forming support instead of resistance. 2400 is a psychological barrier, but I have my next resistance at 2460, please tell me if I'm missing something. tia.
Also on FCX
FCX…..Price channel match…..."the Final nail in the coffin…."
FCX $49 up 19% = 58.3 (JAN 07) 58.3 met then crash…
FCX $52.7 up 19% = 62.7 (MAR 07) today’s close 62.4….da dum…
Cramer saying we are at a bottom?
lol yeah cause Cramer is always finding a bull market somewhere. for him every fall is a bottom. he is bound to get one of his bottom's right.
Z- on your COMP query... I am as befuddled as you. If you look at this daily chart, there's hellzapoppin' resistance right above 2400 (as you can see by the candles AND the price volume bars coming out of the left), not to mention the 20 and 50day EMA's which have already crossed.
On the other hand, RSI, MACD and even the slow stoch all seem to be turning up... but again, on low volume... I think we could see a shot above 2400, but then a run into resistance and blammo, another flush, maybe through the 200 day EMA.
Alok-- I've been taught to use candle bottoms instead of tales or wicks to establish my trendlines. Now, you can also make the argument that that trendline is useless because it's violated pretty significantly in the middle part, but....
Sorry, I did not include my daily COMP chart for illustration purposes:
http://stockcharts.com/h-sc/ui?c=$compq,uu[r,a]daclyyay[pc50!c200!i!c20][vc60][iub14!la12,26,9!lf!lh7,3][J29510354,Y]&listNum=1
Don't quite get it, but $XNG looks like a buy here....
Nikkei's up 240 pts in early trading... again, weaker yen.
Hmmmmm.....
brett,
RIMM could see 120-125 only if the market drops. Else it may find its way up with other stocks.
lol, beanie thats true for every stock that is being discussed on this board. if the mkt weakens then all of them will go down 5-10% (sorry dont mean to make fun of you but couldn't help this time)
I am looking at the charts of Dow and Nasdaq right now. Everything being equal, we should get a short term rally because we're so oversold and the technicals are perking up now.
We can only go lower if something really bad happens, like a big hedgefund going bankrupt or the yen carry trade suddenly blowing up the markets. Otherwise, the shorts may be in for some reaming. The next 2 days should give us a very clear direction of the markets. I suspect that we gonna rally regardless of what the fed says. I certainly would hope for a market rinse because i still own them QQQQ May puts. I'd probably favor initiating some longterm long positions from this point on (and still own QQQQ puts).
ENER looks like a gorgeous play on technicals and sector (alternative energy).
alok,
i only say that because RIMM has been such a stubbornly strong stock. It just doesn't seem like it wants to go down.
But i did set myself up for some reaming by making that comment. lol
If we get another happy day like this tomorrow, many stocks will have their buy signals confirmed which means they'll go higher at least in the short term. That's not good for the bears. You've been warned.
you know i saw your comment last night at 3 am, somehow even i couldn't sleep, and i wanted to ask you if you were planning on sleeping during the trading day again, but then i thought better of it after all i was up with you :)
exciting days, i really hope RIMM starts going up, might trigger a tech rally. RIMM like most strong tech stocks seems to be just stuck where they are. i hope your right about the bottom, it will be nice to seem some strength now for a few months.
MAS i tried to post a comment on your blog but couldn't. what do you think of CMGI.
ZROS took a nice shave today. will look for next uptick to get in. please give me a heads up if you get in :)
This comment has been removed by the author.
hey ALOK,
funny how you mentioned CMGI, I bought @ 1.30 back in early FEB when it had a 25million share day with no news, sold it when it hit a new 52 wk high of 1.57 - 1.60 stock has been under accumulation by some big hedgies, EPS turn around story and speculation of taking her private, short term it def. has some momentum and a few monster players gobbling up shares, probably a pipe dream to see over $100 a share again like its hay day lol, but two to three bucks could be likely this year...it does have a gazillion shares outstanding and alot of peeps that own it at higher prices so ya never know...
I sold some ZROS shares yesterday @ 1.85 and it pulled back to the 1.45 - 1.50 range, nice volume over 5mm shares but again very risky and not as liquid, I'd be a buyer on another pullback, keeping in mind the stock has quadrupled in price the past few weeks and its on the pink sheets, although it has huge potential..
no way of hedging your position in either issue so play small...
Good Luck!
MAS
Beannie,
what do you think about SPEX?
type II diabetes drug naturalose about to enter into phase III.
it;s at 2 and change now
thanks
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