The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!
posted by beanie11111 | 3:15 PM
93 Comments:
It would be interesting to see if Dow holds 12000. The dow futures were trading at 11970 this morning.
And RIMM's chart looks great for a short.
BSC is headed to 137 at least.
144.50 now
Buy March deep in the money puts if you're interest.
Continued weakness in Big Brokerages - Goldman Sachs
- Bear Sterns
- Merrill Lynch
tells me that markets are headed further down. Financials are the biggest component of the S&P 500.
Click here to see charts of major brokerages falling 5% in two days, just before the crash of last tuesday.
I suggest you don't go long in any stock in a big way. Too soon.
It really bothers me why the whole world is selling off. It can't be about subprime lending because sub prime lending is essentially within the USA. Why are the world markets selling off? I don't think it's about following the China selloff. No. In early 2000 when we sold off, i don't think the world collapsed with us.
Imo, something big is about to happen and the world already knows it, except us Americans. It's probably gonna be big and a big shock to our system, causing an even huge selloff.
Can someone calculate how much the world markets has fallen up to this point - especially China and Europe and USA?
thanks
holy cow, the close is very ominous!
Every fiber of my being is telling me something very aweful (outside the markets) is about to happen.
Somebody knows something is about to happen and won't tell us.
Google joins the party:
http://simeons.wordpress.com/2007/03/04/the-real-google-phone/
AAPL is going to weaken tomorrow most likely. Short it.
Every fiber of my being is telling me something very aweful (outside the markets) is about to happen.
Somebody knows something is about to happen and won't tell us.
Is this the answer?
Is the United States going to attack Iran? This question is being asked around the world. The big American military build-up in the Persian Gulf has gone on for some time, and there is every reason to believe that Washington is setting stage for a major offensive against Iran. In fact, the Bush administration has followed a carefully orchestrated strategy with a view to pave the way for a major conflict with Iran. The clearest signal comes from US Vice President Dick Cheney’s latest comments on February 23.
http://mathaba.net/news/?x=551632
Beannie11111
Dabbling with the BBH April 180 call. I think it’s worth $700. On sale today for $350. My Trigger for BBH was to see AMGN CLOSE in positive territory. BBH has a gap to fill @ $182.
That’s a $6 rise. That’s my BBH ($182) 5/10 day target. Also, IBB RSI 17 BUY signal, strongest I’ve ever seen.
z-stock
Gosu
China’s FUTURE OIL depends entirely on a proposed Afghanistan pipeline. So I’ve read. There are other Routes, but they are sub-prime. I just don’t see how any President, can get those pipelines built in the current atmosphere. Seems to me, Something has to give. Perhaps Iranian gov’t will take the CHEVRON money, and avoid, getting bombed back to the 7th century.
Looks like the senators know about impending Bush plan of attack against Iran.
http://www.foxnews.com/story/0,2933,256693,00.html
Webb Introduces Bill Barring Funding For Military Action Against Iran
I think you are Reading too much into normal profit taking, XBD. There’s more M&A, slated for 2007 than for 2006.
HERE’S a rough draft for entry prices.
BSC ENTER $ 141.04**** $1.00 OR $2.00 AWAY FROM TAKING OFF. (172 – 18% = 141.04) BUY BUY BUY…
$XBD ALREADY THERE. I suggest you buy the XBD April 225 call and try to double up….
GS enter $187.32*** ( 223 – 16% = 187.32 ) = BUY BUY BUY …
I covered my shorts and bought the Q's and the SPY heavily in the last hour of trading. We're getting a nice covering rally today and tomorrow folks.
I covered my shorts and bought the Q's and the SPY heavily in the last hour of trading. We're getting a nice covering rally today and tomorrow folks.
Sorry meant to say tomorrow and the day after.
Hi Beanie,
Do you think CC is a short?
Thanks
Why we have a sell-off? The world economy is bipolar now. There was too much buying on the Chinese market for the Chinese new year. The correction on the Chinese and American market brought everything down. Also every market went up in the last 3 month by about 15-20%, which was not healthy.
Asian markets up!
Nikkei, Hang Seng etc., up.
Dollar up versus the Yen, Euro, Pound, etc.
http://money.cnn.com/data/premarket/
http://www.marketwatch.com/news/story/japan-shares-mark-first-rise/story.aspx?guid=%7bC6870F4B-0360-4F70-8BB1-BA5F22E2DF4B%7d&tool=1&dist=bigcharts&&print=true&dist=printTop
what do you guys think about AMGN has fallen to 162, looks over sold right now, any suggestions.
stocknewbie,
CC looks too late to short. Got probably max 2 dollar downside.
Greenspan Sees `One-Third Probability' of Recession This Year
By Craig Torres
March 6 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said there's a ``one-third probability'' of a U.S. recession this year and that the current expansion won't have the staying power of its decade-long predecessor.
``We are in the sixth year of a recovery; imbalances can emerge as a result,'' Greenspan, 81, said in an interview yesterday at his office in downtown Washington. ``Ten-year recoveries have been part of a much broader global phenomenon. The historically normal business cycle is much shorter'' and is likely to be this time, he added.
RIMM:
With the 250 million options restatement i just don't see how this stock can go higher. The charts are saying it's going lower as well.
$110 is a real possibility for this stock, possibly by the end of next week or the end of march.
Remember PCU?
It's still an awesome short even here.
64.69
DOW FUTURES UP 75
I just knew there was going to be a dead cat bounce. ,,, AMGN up 2.00 overseas. I bought BBH . Yeah!!!!
z-stock.
I still think we might be in the first shoulder of a head and shoulder, so there could still be 4% more pain ( correction) coming, next few weeks. We'll see.
PCU:
if you got the guts and believe the markets are going lower by next friday, you can grab some march 60 puts for .50 or less tomorrow when the market rallies.
small play that could yield 8-10 bagger by next friday.
good luck and play small on this out of the money puts.
Beanie.... I bought a few RIMM April puts yesterday. Thinking of adding more on any gap up in the next day or two. Any thoughts on how long it may go down? Thx.........SKI
P.S. ..... Sold GS puts around 1:30 yesterday for small profit, had to go to work. Bumming when I came home tonight and saw the bottom fell out the last half hour!.......SKI
Hi Beanie,
Could you comment on outlook for JADE? It has been going down for quite a few days while some other shares withstood the market trends.
I bought neatly 1500 @ 11.75 average price. How far up can it go in the next few days?
Your comment will be appreciated.
CMS
I agree with Beanie and Gosu. Our emphasis should be on shorting the market!
Mike
Asia indexes are up, European are up, too today.
How comes that you think US will be down today and it is a proper time to short?
Dimitry
Go ahead and short the rallies, but only if you are a seasoned trader. I have seen several newbie traders burned by shorting. Shorting is a lot more specialized skill than just buy side day, swing or long term trading.
If you want to short, please play small.
I would rather be buying into start of rallies to dump them a few hours later than be shorting big time.
Beanie and others,
What do you guys think of GROW. They are going to split 2-1 and pay dividend of .25 per shr. Should I hold or sell?
Thanks
Beanie,
How come ICE doesn't go up, but CME is blowing it out like a champ?
They both are exchanges and they should both be going up or down together.
This gap up is a great time to short for at least a daytrade
I sold my longs from yesterday and went short on this bounce.
hi beanie,
Will the market continue up from here or can we continue the short positions-
RIMM looks kinda weak today. I think you can add to your short.
RIMM:
better to wait for a break of 135 to pile in your shorts , if you didn't do it this morning
Ted Turner says solar power is where we need to be.
This confirms my belief that alternative energy will lead the next bull market.
I suggest you all start accumulating all solar stocks right now right here
Hi Beanie
Would you like to reply to my question on JADE from earlier this morning? Thanks.
CMS
Alot of the solar stocks and alternative energy stocks are cheap right now because they've been left for dead . They are already starting to rise from the dead.
anon,
JADE is overbought by technicals. Going back to 7
Shorts piling on ICE.
I am convinced that the markets will drop further, to make way for the new leaders ----> alternative energy
Don't short ICE. It's going to go higher. Look at CME and you will know how high it can go!!
Even Beanie is not short ICE anymore.
Get long ICE now. It will be @145 by end of close due to short covering!!!
For people interested in technicals of the market, Read this
WOW! Most stocks on my watch list are now close to the low of the session
Hi Beanie,
Thanks for your reply on JADE. What is your insight into FFHL? Any prospects of its going back to 12 - 15 range?
CMS
anon,
FFHL i think has bottomed short term
SMSI seems to be one of the strongest stocks around.
Going to 19
RIMM:
be sure to add to your short below 135
srini,
add to your shorts
die RIMM die!!!
What is going on with ASTI and ALTI? These are about the only stcoks in the red on a 'green' day like today? Any comments?
CMS
Hey Guys... Would the QID be a good hedge against declining holdings in an IRA in this bearish market? Any feedback would be appreciated.....SKI
BSC and ICE still a short seems pretty strong.
The only real consistent way i've been able to make money the past couple weeks is by shorting the expensive IPO's a couple weeks before they report earnings, and holding through earnings. ISLN, then OPTM, and now IPGP set up perfectly for it. I haven't taken any of my short positions off the table since mentioned here several weeks back, in this market there really doesn't seem to be any justification for it.
West
Is APPL a short here? It looks weak here and gapped up pretty well this A.M. I think the overall market will retest the lows of the past week before any REAL rebound or bottom. Any comments?
CRM is a great short right here.
West,
Thanks for the interesting perspective -- sounds like we should be day-trading NEW for the rest of the year, eh?
Getting back to IPOs, it will be interesting to see how good Chinese companies coming out will be impacted long-term by the negative climate this year.
If we ever meet I owe you a meal.
NVDA looks like it could be shorted.
Probably it is very uncomfortable to short when market is going up :)
Dimitry
You can always tell when beanie is losing money. He doesn't post
Apple,...short???
Anonymous said...
You can always tell when beanie is losing money. He doesn't post.
If thats the case, I can tell that you are already bankrupt. You don't even post your name. LOL!!!
Looks like this RIMM rally doesn't really have legs. Dow up 125, Naz up 40, RIMM up 1.30?.........SKI
ICE is a short!!!
142
Good one Dwight.
hey anon..... Stop breaking bawlz will ya? We are all trying to achieve the same objective here, making money. No room for negative sentiment. ..........SKI
hi beanie,
how about BSC, BIDU and aapl.
ihave apr puts on them.
This comment has been removed by the author.
holy cow, this looks bad for shorts.
GOOG and NYX have bottomed .
Get in GOOG!!! especially above 456
Beanie, thanks man! U-turn !
Dimitry
Hi Beanie,
Are we getting out of the short positions???
Hey Beanie.... We getting bullish here? Holding puts and need to know!.......SKI
Hey man, they brought in The Firepower Paulson and he says the economy is great!!!
two thumbs up.
we may have to cover RIMM, and everything else if you haven't already. I think we may have overstayed our shorting.
This was a bad day -
I think this is a sucker's rally. Lot's of shorts got squeezed but the trend is still down.
Thanks Beanie. Once again, your market timing is perfect! :)
Nice close on RIMM, for shorts.
This short could still work. Let's see what happens tomorrow
Thank you Ted Turner!!!
Believe you me, alternative energy will take off this year and lead the next huge bull market.
Buy solar stocks! Buy fuel cells! Buy buy buy!!!!!!!!!!!
Beanie... Do you think google is going up from here? .....SKI
If you don't own alternative energy stocks this year, i believe you will be sorely regretful!
:)
solarly regretful!
LOLOLOLOLOL!!!
ski,
GOOG is amazing! It went all the way down to close the gap from last October and bounced off the 200-day MA. Something else: See the "W" formation formed from the last month?
GOOG is on it way back above 500!!!!!!!!!!!!!!!!!!!
Don't fight Secretary Paulson. He is now more powerful than Greenspam and Benanke.
I fought the GOOG and tha... Goog won!
I fought the GOOG and tha.. GOOG won. (bump bump bum bummmmmm)
Alright Beanz, one in your favor, I covered my temporarily profitable, but non temporarily painful GOOG put position at a nice loss. Just looked too powerful when it broke that 456 line. Also covered GS today, but kept my BSC on, since it's a tempis fugit play (sold the 160 calls, bought the 165's to hedge).
Also keeping my CAL puts, because I think the airlines are wheezy in general.
Still think we have more to go, but I'll wait to see it. Good news is I didn't sell any of my long term stuff, which I was seriously considering... prolly put the stops in, though.
Agree on RIMM looking weak, but Geezus, enough about the solar fad plays... Ted Turner?? For Gawd's sakes man, retain your credibility!
I just made a new official recommendation. (Actually, it's a rehash of an older recommendation from 2 days ago)
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