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 | 1:10 AM
105 Comments:
Welcome back Beanie. hope everything is fine.
Hi Beanie,
Please look at this article explaining the shortfall of Biodiesel and ethanol industry: http://news.bbc.co.uk/2/hi/uk_news/6516893.stm.
My conclusion is oil is going to $100 and the Bush's war Iraq is a total boost for oil price.
Lazio
Alrighty longs i hope we all have a good day today. Pam, keep your fingers crossed for TGEN, you might get what you wish for. keep half or 25% for bigger profits, you might see it go higher than anticipated :)
My pick for the day is ESLR! :)
How did you feel about ESLR before the news(?)...
03-Apr-07 08:21 ET In Play Early Pre-Market Gappers : Gapping Up: CEGE +22.7%, GLGC +16.4%, GNLB +15.1%, YMI +14.3%, THRX +13.6%, LEND +12.9%, ESLR +9.2%, NAPS +7.0%, IRBT +6.9%, MI +6.9%, STEC +6.8%, RPRX +6.3%, LWSN +5.9%, CMGI +3.2%... Gapping Down: MERX -10.4%, TASR -7.7%, GI -4.7%, GERN -3.1%, STEM -2.7%, WFR -2.5%.
03-Apr-07 07:30 ET In Play Evergreen Solar announces contract increase with SunEdison to over $500 mln (9.69 ) : Coa nnounces a major extension of its sales agreement with SunEdison. The extension increases the total value of the contract to over $510 mln, boosting the total value of ESLR sales agreements announced in the past 16 months to more than $1 bln. The initial $200 mln agreement was announced in July 2006. Under the terms of the contract extension, ESLR will ship an additional $316 mln of photovoltaic modules to SunEdison through 2011.
Rambo
Beanie...I have been playing the swings on SMSI the past month. Next Earnings should take it higher and reduce the shorts.
Keep an eye on BHP... could be buyout brewing and possible cause of XME activity in calls yesterday.
Also, ICE down in premarket... after releasing trade volumes...
Having trouble getting the ethanol report, say page not found.
ALOK
Not sure about TGEN...looking weak this am, ya think?
Pamfla
WELCOME BACK BEANIE....
Pam yeah it does that. i dont know why starts of weak and then gains some strength. its not broken yet.
CRM gaining strength on low vol.
Pam TGEN is turning :)
Any take on BIDU?
Lower fib line for SMSI (which it busted through like cream yesterday) is about 18.98... keep an eye on it...
ALOK,
Turning RED, low volume...not a good sign...TGEN,
Pamfla
GOOG woke up :)
Dimitry
ALOK,
KRY may possibly be a decent play...You mentioned this stock a while back...looks strong...short term..will hold TGEN till later if you suggest so. Weak in the am, stronger in the aft.
Pamfla
Long BHP, ESLR.
(Watch out for KOD, fellow Beansters!
Pam, it keeps bouncing around a lot i'll give you that lol. have you looked at CMGI and ZROS.
you should be fine with TGEN as long as it stays above 3.69, remember you have to be prepared for a bumpy ride when you get into these. i'm being slapped around in ZVUE myself hahaha.
Any ideas how to play DNDN?
Appreciate the help
Muddy, any thoughts on BDCO, you've played it successfully in the past. its fallen huge in the past 3 days, any idea on where it might bottom for a quick bounce?
Pam, hold on to TGEN we just saw GREEN woooohoooo (by we i mean you, i dont have any hahahaha)
ALOK.
Caught that...I'll hold it for a while. Okay...Taking a walk with
dog...Pamfla
Beanie11111, JSDA is advancing well today. What do you think the problem is with SMSI? Is down .15 at this writing. Thanks. Steve
ALOK,
One time ANON called me on the same behavior...I'll let it ride...TGEN till say, 2pm 3pm
Thanks ALOk.
Hope ZVUE or what ever your holding takes off. Market is doing well today...Pamfla
Anyone have any predictions on ICE??
Keep an eye on Mavis, (MVIS) over $4-- she's a runnin' agin.
GOOG is headed back to 500!!!
beanie,do you think the market correction is done?
Beanie, Again, what do you think the malaise in SMSI today is attributable to considering JSDA is up and the overall markets are up. Your thoughts, please. Thanks. Steve
Take a look at SMSI on the five minute chart... looks "stepped down" like on purpose... also, below it's 23.6% retrace, like on purpose... but oversold as well.
Holy... didja see that slow down at 12? It was like everyone agreed to go to lunch at the same time.. lol!
JakeGint, Thank you for your insight into SMSI. I plotted the Fibs and I see what you mean. Much appreciated. Steve
Last night was Passover evening and today is Passover, big Jewish holiday....fyi...
Anyone can comment on STP?
steven,
SMSI is headed higher in time. Don't worry.
JSDA en fuego!!!
What language is 'en feugo'
so where do we go from here in the afternoon. will we see a small correction?
"en fuego" is Spanish for "on fire".
n 1994, when calling the highlights for a game in which Marv Albert described Sam Cassell as being "on fire", Dan Patrick said he was "el fuego", which he thought was Spanish for "on fire". A few months later, he received a letter from a Spanish teacher in Pennsylvania suggesting that he say that athletes are "en fuego" (on fire) rather than "el fuego" (the fire). Since then, Patrick has used "en fuego" on certain occasions when a player is said to be "on fire". Note that "en fuego" is an Anglicism in Spanish, since it is a literal translation from English, and other translations would be more fitting, e.g. prendido ("lit" or "fired up"). Patrick started using the "en fuego" phrase because he believed the standard "on fire" phrase had become cliché.
Thank you, Beanie re. SMSI advice.
Steve
Hey ALOK why such faith in TGEN i own some at 3.93 that i got yesterday, bad price got at about the high of the day, but them being profitable last quarter was just cause they didnt spend that much right cause do they have any products in the market that they are making money off of or they all just trial phase.
elmyko1
Gosu, care to revise your call of $80 oil now that the conflict with Iran seems to be resolving or do you still stand by your earlier statements? Thanks.
Dbl winner on JSDA. Added to my IRA and went in 100% on CNBC contest yesterday!
Thanks and welcome back Beanie
Bob
elmyk, no faith in the company, i'm just hoping you can get out of it when it hits another quick uptick. it was just a day trade for me when i played it.
speaking of OIL, anyone in any airlines? they should go up nicely if we see oil getting back to 55. ofcourse since Iran issue is subsiding people have to start talking about huricanes cause you wont be able to rule that out till Sep. its really pathetic what some people will do to pump oil (create all these so called risks)
will the market close this friday?
Oil is just consolidating itself before the next run. OIL (or USO) had a 5% plus run last week. When you are on a marathon, you stop a bit to catch your breath. Same thing with this marathon run of oil.
And, there is NO WAY that situation with Iran will be resolved. Iranians are just buying time with captured British soldiers.
BOMBS, BIG HUGE BUNKER BUSTER BOMBS have "Take that Iran" written all over them and are deployed in the persian gulf right now.
The maneuvers with 15 warships and more than 100 aircraft were sure to heighten tensions with Iran, which has frequently condemned the U.S. military presence off its coast and is in a faceoff with the West over its nuclear program and its capture of a British naval team.
Ski ...sold / booked profits GPI ...+90%...
zzz
Ski ...sold / booked profits GPI ...+90%...
zz
Losses from yesterday....trampled into dust...yesterdays losses trampled into dust...
Proud of you zee.
Retail sales up / At 4.9%...I’m surprised the market isn’t up 200 points...
CEGE en fuego!!!
A.
British Prime Minister Tony Blair says the next two days are 'fairly critical' in the release of a seized British navy crew.
WHO here told me about interactive brokers? I signed up today and did a transfer or stocks from my scottrade account. I have a few questions and I am really confused. Who ever told me about IB or if anyone knows please send me an e-mail at BrettG83@gmail.com. I have to go to class in a few min but would like to contact you later, Thanx
I was going to short PCU..(don’t do it)....but checked off on EPS...eps forward raised 20%..this month...(that’s ouch for shorts)......therefore PCU...will beat the double top..60/40...probably...
zzz
Too late to get into CEGE?
CEGE should be very good for long term IMO.
A.
You can post your questions here Brett.
Do you think CEGE will spike again like DNDN has been doing the past couple days? There's evidence to support CEGE's new prostate drug has higher survival rates.
CEGE is in the process of Phase 3 clinical trials, which may complete by the end of next year. Its drug GVAX seems better than DNDN's drug. Stock should be ticking up from now on.
A.
Another great pharma play is (although Canadian) TTH.TO
FDA--> phase II news today.
(+2.2mil.. crude gasoline) ... (–2.1mil.gasoline )..dist...((jet fuel... –1.1mil))...estimates for tomorrow...so oil prices can go either way, after tomorrow morning’s oil supply report....
HEY ZEE... Sold GPI May calls for 32.5% gain, not bad for 3 day hold. Zee, you called that double bottom. Don't ever doubt yourself!...SKI
HEY AUSTIN..... Did your alert trigger a sell for your BZH puts? I'm still hanging on to mine. Underlying stock up only .13 cents, on this day?...SKI
The weather service issued a very active hurricane season this year. Not that I want that, but what be the plays that some of you would suggest to get into now if this were to hold true.
Last year I owned CHK and PPP.
I bought some WM April puts when the stock was at $40.40. I am going to hold them for the earning on 4/17.
A.
SKI, I am out on both BZH and ICE with smaller profits.
My new plays are long term call on CEGE and short term put on WM.
Good luck on your BZH. It is tanking again :-).
A.
Could someone help me recall (I accidentally blew away the chart) the NYSE (or Amex?) index that is calibrated to a basket of stocks (I think) and when traders are shorting it, the index goes up? It is three letters and I think begins with a "B..". Thank you very much ahead of time. - Steve
TGEN sucks
elmyko1
Steve... are you talking about QID?
It's double inverse of the QQQQ's.
That's weird. Check out how in the last hour of trading or so, it looked like people were dumping ESLR while they were buying FSLR... maybe they were unwinding today's action?
XOM looks toppy...if it’s up Wed..I’m shorting it....
Lee...( for hurricane season....buy Xom,vlo,tso,sun,su...High exposure to gasoline....)...and you will have to have your eyes glued to this site....
http://www.nhc.noaa.gov/
HOLY Sh@#$t!... Look at NYX @ the last 15 mins of trading!
ism services and factory orders..tomorrow.....looks like it helps the market..
Miners and utilities have been outperforming recently.
RNO came out with earnings on Wednesday and appears to want to move higher with its largest volume move to date today,closing at an all-time high.
Some else mentioned ROY in the past week and it also hit an all-time high today on a nice volume move.
Kudos to whomever mentioned these mining plays previously.
Hey gosu....I deposited cash into IB today. DO i have to wait untill it is acutlly in my account before i can explore the service. I go to www.interactivebrokers.com. Now what? Where is my trading screen? Is there anything similar to streaming quotes that scottrade has. I am very uncomfortable right now until I learn this system, and being uncomfortable is not good when your trading. Thanx in advance
For tomorrow, some setups I like...
PRFT, PLLL, GRMN... check them out tell me what you think.
Also, I think gold might be a good option these days... check out GG and PMU (which is priced like an option).
JakeGint, my hero! Yes, it is QID, thank you, thank you. I have now carved the three letters across my forehead. Steve
JakeGint, Re. PRFT, I like today's action in the chart, plus the candlestick formation on the daily chart, the last two days. I believe, if I calculated correctly, the volume incresed by over 40% today from yesterday. Unlike what I did, when I bought SMSI prior to open, instead of letting it open, then ignoring it and buying JSDA to ride for the day (man will the rookie errors ever cease...and I am 102 years old), watch the open. Look at the last candlestick on the three minute chart (low 20.67/high 20.7). If it does not gap on opening, but trades above 20.85, Pristine would call it a "buy". Hope this helps. - Steve
JakeGint, I don't feel as comfortable with GRMN's chart. Looks like it sustained an "island reversal" a few weeks back, and seemningly needs to clear 56.10 to "think" about closing the gap above 56.30 from the gap down on Feb 26 - 27. - Steven
Beanie & ALOK,
Sold out of TGEN, excellent move for small loss....CRAP
MVIS, small cap but aggressive for the moment...
Pamfla
JakeGint, Re. PLLL, I just typed a treatise and lost it; suffice is to say, I like the 13" chart and how it stacks up with all the moving averages I use, also like the 60" chart and daily...a lot. Much greater volume today than yesterday, and it appears that it is poised to complete a second type of "cup and handle" formation from 10 days ago. If it clears 23.50, I think it will run. Thank you again for the QID remembrance. Hope this helps. - Steven
Followup on PLLL to JakeGint: It has sold off in afterhours down to 23.01 and there was a nasty doji on the one minute chart that showed up one minute before close. Again, probably prudent to let it open, follow the action forthwith, and see what the oil report gives you. - Steven
Steven, thanks for your reflections... Jake.
All, watch ACAD tomorrow too...
Z, good job on the CAL pick! I should have jumped on board with you. What are people's thoughts on Starwood (HOT) these days?
I am now finding out, I am a "professional" if I trade in a partnership and thus have to pay for real time quotes from any broker.
Please read this
To qualify for the lower, non-professional rate, an individual subscriber must be able to answer "NO" to all of the following questions:
* Are you registered with any state, federal, or international securities agency or self-regulatory body?
* Are you engaged as an Investment Advisor?
* Are you employed by an organization that is exempt from U.S. securities laws that would otherwise require your registration?
* Is your Nasdaq Subscriber Agreement signed in a business or organizational name?
* Are you using or planning to use Nasdaq data for any reason other than personal use?
If the subscriber can answer "YES" to any of these questions, Nasdaq considers the subscriber to be professional and ineligible for the lower fee rate.
Hey gosu....I deposited cash into IB today. DO i have to wait untill it is acutlly in my account before i can explore the service. I go to www.interactivebrokers.com. Now what? Where is my trading screen? Is there anything similar to streaming quotes that scottrade has. I am very uncomfortable right now until I learn this system, and being uncomfortable is not good when your trading. Thanx in advance
beanie or gosu, what are your thoughts on the market right now? do you think we are headed higher and done with the correction? or are we still headed lower?thank
Brett, If you have a username and password, download TWS software.
Click here to download.
Add your favorite stocks on the left most column.
Do this and visit help and we will go from there.
Anonymous said...
beanie or gosu, what are your thoughts on the market right now? do you think we are headed higher and done with the correction? or are we still headed lower?thank
Tue Apr 03, 08:30:00 PM EDT
As I have said before:
1) Show me the volume.
2) Show me some market leaders, and
3) Show me some market leaders on high volume.
But at the same time, there is absolutely no reason to panic. My trading strategy - buy anything of my favorite stocks on dips - exchanges, brokerages, casinos and some ADRs on dips and sell them for a decent profit. I am not holding anything beyond a couple of days right now.
Never fight the market.
“”the institutions, came in and started buying Q2..in late afternoon”””
...I don’t know what it means....but I guess we keep going up....BBY earnings BMO....keeps rally going....70 for... /30...against..
ONSM is the only stock that has made money for me all the time. Guys, buy this stock for a small profit early tomorrow or buy it after its first dip
Lazio
Has Tim Knight turned bullish? That is the ultimate contrarian indicator! What do people think about the VIX being at 13.46?
TGEN - i know what everyone must be thinking, what a dog, isn't moving anywhere but guys, if you liked it when it popped all the way to 4.8 then you should be loving it now at 3.8
with that said, i wouldnt give up on it, the retracement in the past few days is not significant, its still retracting in the upper quad of the big move. i'd keep it in my watchlist for a quick trade if it starts to show any signs of life. look at DNDN or JSDA to see how these big movers retrace. (comeon guys it moved from 2.5 to 4.8 how can you not expect a decent pullback)
HNSN looking good for tomorrow.
Beanie, Alok, Gosu, and Jake,
What are your feelings on MVIS, up 7C in aftermarket...someone mentioned symbol on board, feedback if possible, Thanks
Pam
pam,
been holding MVIS for almost a week now... I like it over $4.10 or so,... that's clear air.
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NBIX anyone?
Jake,
Think I'm gonna purchase LMAR tomorrow. Looks strong, active.
Pamfla
Hey PAMFLA.... Your gonna purchase a stock that's valued at one hundredth of one cent? Unless I read one zero too many or something..SKI
HEY ALOK... Tell me what you see on the chart for HNSN pls. ....SKI
SKI i see money on HNSN lol, today was a short term bottom to an uptrend. it pulled back for most of the second half of last month, today its taken back all of its losses from yesterday, if we open higher and trade up tomorrow then it should retest the prev high of 22.67, however i would set my stop at 17.9 incase we are wrong.
those interested in FIB, it almost hit the 61.8% retracement. you can expect a small resistance at 19.43. i really would like to see some upside vol pick up but i'm willing to settle for up days. RSI is above 50 a good sign. hmm what else can i say :)
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zee came up with these numbers (by now i'm sure you all recognise his trademark calculations, sigh!!! wish i has some skills, lots to learn)
HNSN 16/17.2x = BUY.....
IVAN 1.6/1.8 = BUY....
SIMO 19.xx / 21.8= BUY
MVIS - going higher.
I like the technicals on MVIS. I like the price/volume action on MVIS.
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