I believe today's dip is a buying opportunity.
As the chinese market falls, that money taken out needs to be put somewhere else - and likely it will be into USA equities.
I would not be scared of today's selloff. I think there will be buyers.
By year end, we (USA of course) will be much higher than we are now.
I would not be scared of today's selloff. I think there will be buyers.
By year end, we (USA of course) will be much higher than we are now.
posted by beanie11111 | 8:01 AM
71 Comments:
AAPL is a great buy on the dips.
NYX is a great buy on the dips.
13100 is when I will start buying.
Solars getting hammered premarket!!
RIMM, MA, ICE and GS will be bot on dips.
We aren't seeing panic selling like last time, its more controlled. Looks like another good opportunity to pick up some solars today.
DST to 90?
DRYS to 50?
Also, BOOM very strong today rallying back after drop at the open.
On BOOM news, June 6 annual meeting. I expect dividend announcement, update on supply chain, completion of capital expansion, new major contract win, and authorization of enough shares for a split as needed.
TIE bouncing back.
From Briefing:
09:56 NOVC Novacea and Schering-Plough enter into worldwide development and commercialization agreement for Asentar (8.96 +0.90)
The co and Schering-Plough (SGP) announce that they have entered into an exclusive worldwide license agreement for the development and commercialization of Asentar. The co is currently conducting a large international Phase 3 trial (ASCENT-2) evaluating Asentar in 900 patients with androgen-independent prostate cancer. The co will receive an upfront payment of $60 mln, including $35 mln as reimbursement for past research and development expenses, a license fee of $25 mln, as well as a commitment by Schering-Plough (SGP) to purchase $12 mln of Novacea common stock at a predetermined price within ten days of the closing. Additionally, the agreement provides the co with potential pre-commercial milestone payments of up to $380 mln, and tiered royalties on worldwide sales of Asentar.
I bought after the news, check the stock now :)
Briefing RULES !!!
Beanie, where do you think TSL bottom is?
Hey Z-Stock,
Does SPWR and ATI look good with your 30 degree (upslope) 50ma trigger? They both look to have met your criteria on the 2 month, although I am not quite sure yet how you do your EPS trend analysis.
Kyle
Z,
Also check out JASO, TSL, and GIGM for the 30 degree/50ma trigger. Again, not sure about the EPS on these.
Kyle
jet,
TSL could see 35
TSL has secondary offering being priced on Thurs. I don't think you can predict the bottom till that price comes out.
There is SO much money waiting to get into this market (including from China), it will be hard for there to be any correction lasting more than a day or 2.
This is very reminiscent of 1999.
We are going to explode.
(I am very bullish in case you couldnt tell)
I have been waiting for a correction but I am about to give up waiting.
DJFSMR
I'll wait until TSL hit around $43.5
That's where the .50 fib line and the 100dma is. Not to mention that's the support level back in late March.
Beanie,
Any comments on MVIS. Small company with Pico-P laser beam technology that can be embedded in cell phone to act a mini video projector. Chart looks great. What happens if they ink a major cell phone deal?
John, we might see TSL testing that level tomorrow, unless the pricing is above 45.
lol, so much for the dip in the mkt. bears and bulls both must be frustrated.
AAPL, DRYS on FIRE!!!!
You are right, alok. This thing can really move. It might test that level and bounced right back. Very good 30/50 set up.
After today’s rally / comeback, , I’M buying on the dips, again, so im buying DRIV JUN 45 call 5.30...80/20...downside i don’t see one if there is one ..and HOLX june 45 call 6.90....HOLX at the 200 day hope it holds,downside might go to 49.5 doubtful... medical device sector,,, looked at HOLX rsi 26 so no chance to go to $45 / = double bottom
zee
waiting for 11 /11:20, FOMC report to see which direction market goes
New Aerospace play: EDAC
Moves to the NASD tom from otc. Has earnings, check it out
I think it's really time to get in NYX now!
ARWR is busting out of a beautiful double bottom consolidation pattern on volume.
Accumulation by funds including Fidelity.
jawa,
MVIS has interesting technology but the company has not been profitable for years. Great technicals but not something i would put too much money in.
STP:
going higher tomorrow
Looks like the bears got trapped again today.
I think NYX is ready to fly. A nice upgrade tomorrow would certainly do it.
Beanie,
Thanks for your reply. MVIS got rid of their idiot CEO, Rutkowski, about a year and a half ago. Have a lot of confidence in new CEO, Alexander Tokman. Stock will easily run past $6.00 soon.
TSL is a $12 price channel match,= 80/20 im in, at $45 downside , decides to test RSI 30 in which case $15 is the next price channel match...(doubtful...
OVTI
Earnings tomorrow. I would appreciate any opinion on this one.
Sega
Out of the office, missed the whole day...
Thank goodness!
wow, i think i was lucky to get some TSL at 45 today. I cannot believe its positive now. Someone must know something about the pricing. I hope we get back to 60.
JSDA is the only dog lol, can it get to 16 fast so that we can start riding it up again :).
Jake, have a look at ANO, its very close to support at 2. Tomorrow will be interesting if it bounces off these levels.
When are we going back to 12,900 again?
(Understand that as a life-long NY Giant fan, it pains me to say this, even though this position made me money today):
Howabout dem Cube-boys!!??
Alok, love the goldbug stuff, but I'd stay away from the South African miners and stick with the US/Canuck brands.
Too much political risk in the South Africans
U are brave Alok getting TSL at 45, I wish I did, I cant believe it went green that fast.
Kyle , i used the 30/50 signal on TSL to see buy signal at 45, then $12 channel match, confirmed the buy...Ati is also 30/50 ..so is spwr....I’m buying AEP, D, and PCG also at 30/50 buy signal, and 30 more 30/50’s at the site....in various circumstances ....
Zee
Since market cannot drop, i think market stays in 134 to 136 channel til next week....so i’m encouraged to buy on the dips,,, i will keep one short, AMT short, but CREE, VZ, CKFR, and AMTD i will close at first opportunity...
Go long Cree.
Real long, like... forever.
Like MON.
safe swing play
short POT
up too much on split
should trade down to presplit price within a week
jet i have been buying TSL on dips. i'm not sure that its done falling but two levels were support 48.xx and 45, now next is 40. looking at todays action i dont think we will see 40, but its hard to predict. lets see what happens in china tonight and the secondary pricing tomorrow.
if everything goes smooth then we should get back to 60.
ASTI is getting better and better, lets see if it gets to close the gap at 6.
I have a BIG question!
If you were 35 and just sold a tax free property and cleared 125,000.Would you invest it in this for long term?
Goog 100 shares = $50,000
UA 500 shares = $23,000
STP 500 shares = $17,000
SLV 200 shares = $26,000
Just looking for thoughts if you think this is a good long term growth holdings. Thanks
DNDN on fire!!!!!!
CRTX as well! (Wonder if it's related?)
HOKU well over $5 in the preemies....
(Finally!)
Even CEGE up in sympathy.
My girl MaVIS don't know when to quit...
And I don't know when to quit her, either.
Okay, who bought DNDN at $13? C'mon, I know it was ONE of y'all....
Bad tic on the daily candlestick chart thru T/Station sent DNDN to $1,100! What a hoot!
Alok I was waiting for TSL 40 but looks like we won't get there, well going back up is just as well.
what exactly happened to DNDN going to $1100??
NYS is turning out to be a big dud
Jet you'll get your entry point for TSL soon.
What stupid bot DNDN at 1100?
NYX is oversold
AVR bought june 15 call 2.10 .. sell 3.10 ish ... ethanol...80/20 ...has steep 2 mo’s 50 degree...30/50
AAPL target raised to 125 and some other big outfit at 150
GAS bought gas june 45 call ...slipped in at 2.45 utility..great eps trend 80/20 ...a must buy, sell for a lot higher ,
zee
Alok, Do you still hold KOMG? Im glad im still holding on to mine
CRM is a great buy here and remains, along with AMZN and GOOG, my favorite long term tech investments.
NYX is a great buy too here.
Lane, I got stopped out of KOMG long back. I had raised it to break even, so I was very lucky not to make a loss on it. There is nothing good about KOMG lol, so I didnt look back.
I did get into ASTI at 7 and RVBD in the breakout today. lets see if they keep running.
Anyone heard anything on TSL?
Beanz whats up with NYX, its dancing here every day. goes up one day, then down the other, then up again and down again.
Any comment on TZOO?
And, what do you think about DNDN action today?
Should I add more position into JSDA now?
QQQQ’s aren’t at RSI 70 so till then it’s buy on the dips ...i think...
REGN , buying the june 20 call trying to squeeze in at 2.60 ...30/50 signal = 90/10...
zee
Zee and John - ACOR down to support at 20. Lets see if it gets a bounce tomorrow.
Oozze, its hard to call the bottom on JSDA as it hasn't reached 16 yet. Today's action isnt strong either, lets hope beanie has something to say about it.
Time to ride the DNDN train wreck again...all the way down!
Alright, now the suspense is over TSL secondary priced at 45, no wonders it got such a bounce at 45 yesterday.
Yens for dollar?
Almost Y122.
Carry on, my wayward sons.
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