Time to go long WFR & STP, short CRM!
WFR closed@ 59.18
STP closed@ 36.01
CRM closed@ 45.25
CRM just had earnings last nite. If it ain't going up, then it's comin down.
STP shows immediate term bottom on the technicals.
WFR buying back shares.
day/swing trade.
STP closed@ 36.01
CRM closed@ 45.25
CRM just had earnings last nite. If it ain't going up, then it's comin down.
STP shows immediate term bottom on the technicals.
WFR buying back shares.
day/swing trade.
posted by beanie11111 | 7:49 AM
103 Comments:
If it ain't going up, then it's comin down.
Thats true for 8000 other stocks.
Man! Money is flowing into the BRIC countries -
Brazil, Russia, India & China.
gosu,
what i meant is that since CRM is trading down 55 cents premarket AFTER earnings, we need to believe that it has to go down alot more. Either it has to go up in a big way due to earnings results, or the small gapping higher or gapping lower means IT SHALL GO LOWER.
BOJ won't raise rates here in the near future, although they will try to jawbone the market a bit.
Looks like we're going back to at least 122 yen to the dollar (121.2 as I type this).
Signal: "carry on."
For the solar lovers in all of us: There is a new ipo today: CSUN.
"China Sunergy (CSUN) prices its IPO at $11, above the expected range of $8-10. The Chinese-based co makes solar cells from silicon wafers using crystalline silicon solar cell technology. It sells its solar cell products to module manufacturers and system integrators, who assemble its solar cells into solar modules and solar power systems. Since the co began operations in Aug 2004, the co has built six solar cell manufacturing lines and expanded its annual capacity to 192 mw. The co plans to increase capacity to 390 mw by Q2 2008, with 12 manufacturing lines. The co sold 4.4 mw and 46.4 mw of solar cells in 2005 and 2006, respectively. Revenue jumped from $13.7 mln in 2005 to $149.5 mln in 2006 and the co is now profitable... Briefing Note: CSUN is the latest in a string of recent solar IPOs, mostly from China (ASTI, CSIQ, FSLR, JASO, SOLF, TSL). All have been huge movers, with the exception of CSIQ and SOLF. As such, the deal priced well despite JASO getting hit this week on earnings. These stocks have huge growth, are profitable and with the increased focus on global warming issues, clean energy stocks are in vogue. This is an 8.5 mln ADS offering (each ADS represents six ordinary shares) led by Merrill. Cowen and Jefferies are also involved. (IPOXX)"
I think it looks pretty good.
DJFSMR
i am buying CRM June 40 puts this morning. Are you with me?
Play small please, no more than 2% of your portfolio if you're buying options. Short the actual stock if you want to play big.
CRM could see below 40.
do thinks feel soft to you guys? like we are rolling over?
CRM getting creamed.
People can't get enough of my ONT!
They won't get off her!
CRM:
my puts are already up 50%
Ooooh, I feel strange... kind of dirty.
I've never had feelings like this for my ONT before!
THQI is a buy!
32.26
LRCX is a short!
51.8
STP no longer a long when it broke down 36
If anyone missed Beanz's first call on CRM, it looks like there's some nice resistance here at 42.35.
Prolly short a break o' that with the way this day is looking.
SPWR is a short!
I may actually take a poke at CRM at 43.10... but it's better to play the breaks...
Shorted DE at 118.10.
Thanks Tim K.
CGPI short behaving today.
DUSA:
looks kinda cheap. Just got orphan status. Buy when it takes out 4.21
PCU:
still looks like a good short
Shorted CRM 42.70
Hate PCU!
What do people here think of over all market conditions? Is it best to stay 70% cash -- as I am now?
WTF is everyone today?
Dimitry?
Leaving Las Vegas (sands) at 78 fitty?
Nad... never hurts to be in cash.
Are you short anything?
JakeGint:
I don't know if this is a bottom of LVS.
I am waiting for the bottom to add to my red position.
Dimitry
DUSA!!!!
Still surprised by the weakness in Nasdaq and Russell.
BRLC moving up in weak market
I actually decided to go long CRM this morning for a swing trade. Worked out nicely so far. Very much off its lows.
STP looking strong again. Buy on all dips
DUSA again!
how high do u see DUSA going in the next day or so?
Speaking of stealth moves...DNDN is creeping up again...
If anyone's interested, DUSA's immediate (one day) support and first fib are at $4.32.
brett,
i'd be happy if we close near $5
darn it, the volatility is so low lately. Where have these trading bastids gone?
lol
Shorted qqqq jn48put,1.77....shorted APA jn75put , 1.40....shorted HAL , 37.5put , 2.00, Shorted, AMT , 42.5put , 2.10 , holding ANDE , bought IYR ,jn80call , 3.40
zee
On the DE short... if it breaks 116.70, it will be party time at Beanies.
On the CRM short, I wish I had the patience to wait til right now ($43.50) because it looks like a nice entry here (obviously nicer than mine!). Volume drying, and it looks like turnover time.
Beanie: Steven here. Unfortunately, I bought this a.m. WFR near its high. Am I still ok on this one in terms of the next couple of weeks, you think? Thanks.
wow , CSUN ipo on fire!
Did Applied Materials (AMAT) bottom?
Where have these trading bastids gone?
Summer vacation?
Did anyone buy CSUN? Briefing.com is the best. Thats where I got the info I posted earlier.
NSC:
i bought some May 60 calls.
all or nothin.
total gamble.
Guys,
Can you please tech me how to buy and sell options in ameritrade.
there are 2 selections here: buy/sell and to open/to close
Do i understand it propery that when I need to buy some calls or puts, I do "buy to open", and then when I want to sell I do "sell to close" ?
Please advice!
none of my shorts are really working, AMT, is even...APA, is still ok...I’m hoping for some profit taking 60/40 , on tomorrow’s consumer confidence report. I think it is bad. (est 87) same as last month...
zee
Beanie: Again, your thoughts regarding my concern on WFR above. Thanks. Steven
dang beannie Nsc may 60 call, you either make 0 to 1000%, or turns worthless....jeeze louise....
zee
Di. call the amtd desk...i think buy to open makes sense, but better to double check..
gosu said...
Still surprised by the weakness in Nasdaq and Russell.
Thu May 17, 11:29:00 AM EDT
And yes, I was buying.
Sigh... out to lunch and I got trailing stopped on my ONT... sigh... that was a fun ride.
Nice trade on the ONT Jake. Missed that one...
JakeGint said...
On the DE short... if it breaks 116.70, it will be party time at Beanies.
L.O.D. at 1:00 pm?
$116.71.
Dammit.
Btrade... don't worry, it'll come around again... that was my second trip on the wheel.
Take a look at CGPI today on the one minute charts... someone (prolly the MM) is trying to keep it from breaching 9.85, as the biggest buy sticks of the day hit on that number every time it slumps to it.... but they are losing altitude anyway... be interesting to see if they can hold a bottom here or if this is just options window dressing til Friday....
Jake,
Let us know when we should get back on ONT for the next ride. It's acting like NTRZ.
thanks
Woh, who bought csun? 16 now. I wish I did.
NVTL looking good today. I think this one will be 30 by the end of the year at least.
Aymon,
RE: ONT
Already through it's first support at 3.25... I'd keep a careful eye on $3.03... decent support and 50% fib retrace line.
And if you don't mind reminding me if you're watching and I'm wool-gathering... thanks!
_______________
Aside: "Aymon" is not a derivation of "Eamon" is it?
I bought small (250 shares), got out at 16.10 for a nice profit. May get back in tomorrow if China does not crash!
Dimitry,
If you want to open a position (get into one) OPEN will be in the order.
So if you want to buy calls-
Buy to OPEN
Sell calls-
Sell to OPEN
Buy puts-
Buy to OPEN
Sell Puts-
Sell to OPEN.
If you want to reverse your positions you are closing so CLOSE (get out of) will be in your order-
Buy to close
Sell to close
steve,
i wish you hadnt bought WFR on such a huge gap up , and right at resistance.
Sell it if it goes below 57.
Longer term, it should make new highs.
Intermediate term is bearish.
Short/immediate term is neutral.
DUSA:
insane volume. it has to go higher.
Dan Fox said...
"For the solar lovers in all of us: There is a new ipo today: CSUN."
Great call!, picked up a little, being cautious, and now regret not getting more. thanks for the heads up.
Catcher,
Cramer just told everyone to sell Solar stocks
Beanie, What's your price target on STP?
NULL,
I wonder if that means to buy more now ?
I'm up quite a bit, i'll watch it close in the AM.
thanks
NULL,
check out the chart on this. nice 8 week consolidation, high bull flag, but not alot of volume on the B/O. But neither was the first day on the prior breakout. would be a $4-$5 upside move with and easy stop out @$35-$34.50 depending on your pain tolerance. weekly chart looks even better.
http://stockcharts.com/h-sc/ui?s=TBH&p=D&yr=0&mn=6&dy=0&id=p41365277571
[ sorry, don't know how to link, so cut & paste]
Let me give it a shot... peace offering:
Catcher's TelaBrasilia Chart Link
Handsome looking chart. Ironic, it was Gosu who was mentioning the BRIC bats this morning...
Anyone notice that sneaky f-ck, AVNR schemin' it's way up again today?
Another irony, Telebras was one of my first long holdings, right after I got an account out of college. We were working on a deal in Brazil, and I just lucked upon it.
Of course I was an idiot and sold it a long, long time ago. Probably to buy some "sure thing" dotcom p.o.s.
Gosu prolly disagrees, but I think the COMP has some more DOWN in it.
What's your gut tell you?
thanks for the link jake,
check this out jake, tell me what you think, and make a link for NULL if ya can.
I "THINK" the cubes are rolling over, how much? don't know, but 3 distribution days out of last 6, neg. divergence in the RSI, macd rolling over, leads me to think we should get some small downtime at least, might only be @$45.50, but enough to generate 15-20% in puts min, depending on strike price and date.
Hard to tell if it'll actually roll or stay in the flag pattern to consolidate, but I'm leaning toward some quick downside $$.
[High down volume without further price decline could be the big boys just rolling out of stocks and into others tho.]
At flag top trendline now. Upside close tommorow could be breakout of top but unlikely barring some news, bottom flag trendline @$45.75. but $46. has been serious support lately.
Keep in mind bearish charts don't carry as much weight in a bull run market.
everyone else:Find your buys and stops, if you agree with the charts.
full disclosure, Im short the fukker,
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p47365571515
This comment has been removed by the author.
OPBL had a helluva' bounce as well today jake, up like 40% , u catch that?
BTW what does TBH do?
Check out (CLN) . Cancer fighter-nice 15% jump today on P.R.
Recent $60 million deal with Boston Scientific. Only 51 million cap.
I, too, am also short these Cubist fukkers.
Those Cubes are either toppy or that's the ugliest, snot-drippin' bull flag I've ever seen.
LOL! Telebrasilia, man... it's how Pele calls home!
No, I missed OPBL, since I took it off the radar screen when it dropped past $1.00.
Hope you grabbed and scabbed...
RE: CLN
If Eddie Lampert's in it, it's the schiznitz, that's fer sure.
Amex crack?
For some reason, my LVS link didn't work (it gave the $INDU for some reason)... so here's the post a SECOND time:
For my bud, Dimitry:
I was taught once that the 13 week MA crossing the 34 week MA on the downslope was a really bad sign for future stock prices.
How does that unsanitary woman, Sheryl Crowe's song go?
'Cause I'm leavin' Las Vegas...
Yeah I'm leavin' tooooo-day...
Aww shit , tbh, makes sense now you pointed it out, what a moolie i am,
Nah I missed OPBL move as well, just saw it on Most % up chart.
cubes do look toppy, just doesn't seem to wanna fall. If you look at the Williams or the stoch's , last time they were this low the drop was already 1/2 way down,
like you said earlier, weird market.
Puts are doing pretty decent, although picked up some more short term yesterday early, mid morn., and they went under in the afternoon, offsetting profits I was already holding. Plan on making it up tommorrow tho, gonna be wild, Mich. index report, expiration day and all,
NULL, JAKE this is where "the rubber hits the road..."
GT breaking out on HUGE volume,,
I been waiting for this one to ease back @ the 50 day MA. It bounced on it today after a few months of consolidation. Thing has been on a tear for about 10 mos. This is a great chart.
Needs to break $35 tho, and this should move, 2nd biggest volume breakout of entire move..
http://stockcharts.com/h-sc/ui?s=GT&p=D&yr=0&mn=6&dy=0&id=p20708301300
Set your stops according to max pain...
do your link majic..
Beanie any thoughts on RVBD. sold yesterday at 36s and bam its now 39s AH, kinda regret that but what can u do, looked like it was going back down yesterday.
sorry Btrader, meant to send those charts to you as well.
SWN breakout, Broke out 8 week consolidation, large comparable volume on the breakout, closed just at pivot point/52 week high,[$45.11] prior breakouts @ 12% gain, should put target @$50.29
stops @$44 [weak]-$43[mid]-$42[strong] depending on your pain threshold, but any violation of todays close tommorrow would be a reason to wait. Needs to break $45.11 AND HOLD! [my buy @ 45.20 maybe]
Do your own homework.
GIGM??? Any one in
elmyko1
Been holding GIGM forever, great stock, I wish I had more
Catcher's Georgia Tech...er... Goodyear Tire & Rubber link.
I can't believe I'd ever allow myself to invest in a tire stock... even for a daytrade... not after all those case studies in bidness school....
Link tutorial...
do these things in ORDER, and do not use the "quote" marks around what I'm quoting (to fool the html, otherwise it'd come out gobbledy gook). Beannie and Catcher, I expect to see some examples, forwith....
1) Copy the URL for whatever you want to link to using your edit function.
2) Embed the URL in a sentence or just leave it out there alone by doing the following:
3) Open your html link by making the "<" open carrot sign.
4) type this "Href=" (again without the quotes, remember?)
5) Paste the URL you just copied right after the "=" sign.
6)Close the carrot with it's opposite ">" sign.
7) Type "link" or "hey dufus!" or whatever text you want the link to illustrate (like I did with "Good Year Tire" above).
8) Right after that text type this little doohickey open carrot slash "<" and then "/" (backslash)
9) and then close with "a" and ">" (again, WITHOUT the quote marks.)
Publish your comment (or "preview" it to make sure you did it right) and voila! You should have your html link available for all.
Beanie and Jake, thanks for DUSA post. It was a great info. Helped me a lot.
Stocky,
Thanks, but I gotta credit Beanz with that one...
Or use tinyurl.com
Wow...cramer dissing all solar stocks. As usual his timing is impeccable!
Cramer
Value Stock of the Year - NYX - Down 16%
Speculative Stock of the year - Down 5%
Speaks volumes about his picking stocks.
Cramer
Value Stock of the Year - NYX - Down 16%
Speculative Stock of the year - LVLT - Down 5%
Speaks volumes about his picking stocks.
ASTI is 80/20..at 7.80...and 100 to 1 at 7.40..if asti even goes to 7.40...STP has some kind of permo-bottom @ $34.0....and permo- top at @ $39...i think if ENER gets to $30, it’s worth trying at that price....downside, repeats $27, double bottom...upside ...goes to $57 again...WFR.. doing a price consolidating, channel.( on the chart, price appears to be moving in a straight horizontal line)....those are very bullish buy signals, the longer they go, the stronger the signal....SPWR...likes to correct 19% at a time...so 19% correction from $62ish = 50 day..buy at..$50.9....percentage channels, same as fib channel, cept i can’t do fib channels....(long story)...you know what i like about FSLR?..it doesn’t have a 200 day.....the most FSLR has pulled back is $10 at each of 4 times... last 4 month’s .... point and figure at stockcharts.com has $102 target...so i guess we see $72 again...DSTI...i told you two days ago buy it....(sort of)...well now i know the bottom...it’s two day ago low....zee
Cramer Vs Beanie...whos gonna win...again lol
If you're watching SWN,http://tinyurl.com/2bn2qs, seems like it may have some correction in it this am, maybe let it digest the recent gains before you pull the trigger right away. Watch it and make your own call, Its your money.
Tried your way first Jake, couldn't get it to work. Check # 8, "doohickey?, " nothing there. I may have missed something
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