With yesterday's afternoon carnage, i don't have any new recommendations.
I do own june QQQQ puts.
Shocking that JSDA already gave alway all the gains from yesterday. However, i still own a long position.
"Sell in May and go away" is the prudent thing to do.
Shocking that JSDA already gave alway all the gains from yesterday. However, i still own a long position.
"Sell in May and go away" is the prudent thing to do.
posted by beanie11111 | 8:30 AM
104 Comments:
on watch,
AVNR HEPH DWCH ONT MAMA
Pr
my goodness, those of you who were paying attention to the markets yesterday, you need to wear the dunce cap if you didn't sell JSDA when everything turned south.
For some reason, I still believe we may not have a crash. Even if we have a crash, I will use that as a buying opportunity. I am keeping an eye on the Russell index, which has stalled recently.
I am not going into speculative stocks like DNDN or even JSDA (not speculative but risky).
I will continue to buy on dips, high quality names in Brokerages, exchanges, casinos and few ADRs and sell on rallies.
Are you getting the feelin that the markets wanna get really hurt? 'Cause i do.
hey folks,
the next time i seem to be nowhere to be found is because (1) i'm out of town, (2) i'm taking a day off to run errands just because i feel like it, or (3) my network connection is down. Often times, it's an internet connection issue that causes me to be absent.
Trading is what i love to do, so don't expect me to quit anytime soon.
by the way, JSDA earnings is this Thursday. Cramer smacking the stock yesterday in front of earnings could mean that he is seeing downside to the report.
NVTL is a buy. Earnings out after the bell. Should be 20+% higher than analyst expectations.
Anybody getting on board with the IBKR (interactive brokers) IPO auction?
Expected pricing around 27-31/share.
there's gonna be alot of selling pressure at JSDA today
Arun i was thinking about it. when does the bidding start? i know i posted the message :) i forgot the date already.
DRYS!!
Board,
CRAMER is a manipulative piece of garbage...chances r he's tied to the Soprano's now what?
JSDA
Pam
Alok,
the bidding for IBKR has already started..I dont have an account but there was a headline today on Yahoo finance that i saw that mentioned it. Got me thinking... May be a pretty lucrative deal if I can get shares at around 30.. Chances are they will pop on IPO day.
I need short ideas for a swing trade, right now i like DVA, am waiting for it to pick up to short it.
damn i dont know how the mkts are showing GREEN, i see blood all across my watchlist. i'm definitely not going long today unless something changes.
shorting is the order of the day.
I believe the markets will be down hard yet again by the close.
QQQQ is worth a short.
beanz welcome back, you know its your board, feel free to pitch in once in a while :)
Jake damn you for putting a curse on my AKAM, now tell me when will you stop shorting it so that i can double down and buy your shares. my guess is you will like the 42 number. tell me if we have a deal.
Proctor and Gamble got hit after earnings. Liz Claireborn got destroyed. Looks like they're taking all retails down no matter what.
i dont think there are any bargains at JSDA near 23 today. The selloff should continue to $20 unless we get an upgrade.
die market die!!
Straight down to hell is where everything will be at today.
i would love to see JSDA at 21 today
all day slammin at JSDA. Could be a $3-4 drop day
Very low risk buy on JSDA right now (22.50ish). It just bounced EXACTLY off it's 50% fib line as I had mentioned last Friday it likely would.
Put your stop at about 22.25, and you've got a low risk proposition here.
JMHO, of course.
AKAM getting spankoed again today... good to go to about $40 at this point. I added to shorts this morning on the break of the 50% fib line.
Another good one is MWP for shorts... (59.50 ish) good til next fib at 54.50.
Sorry Alok, I didn't see your post, because I rushed on with the JSDA call.
Double sorry friend, AKAM is on sick dog, and I wouldn't be surprised to see $40 here.
Get short and you can make some back....
Where the hell is MAS, btw?
BRLC:
if you want to go long, i recommend this stock. Nice analyst pump.
Arun, wouldn't touch it with your ten foot pole in this market.
Prolly a good short once the 30 day period is up though!
lol, i knew you would like the 40 number a lot, i was just trying to entice you with 42, what the heck.
40 i'm doubling down, this will surely go up, no doubt in my mind. its way oversold here. no point in shorting it for 2 bucks.
MAS must be with his birdies and duckies lol, probably got lost in bourbon street if you know what i mean *wink*
Just gluttonishly shorted more AKAM... hoping the trading gods withold their usual glutton-smiting.
BRLC is the one my nutty trader friend recc'd last week, but he got stopped out earlier this week. Could be worth a sniffler...
TRCR 14.25 in
Pr
AKAM:
this is not the time to short the stock. Short term bottom is already here near 42
Alok, worth shorting if you buy the puts....
20% rinsing would be good for the market by late June.
timmy boy gets a breather for the next 2 months.
JSDA:
there will be no mercy for this stock today! Don't you dare buying it.
Jones Soda through the 22.25 stop, next support 21.20, then 19.97, with real strong support.
what's a good short right now? i'm already shorting amr.
thanks,
aymon
I warn ya now, i think it will be very horrific for JSDA today. Shock and awe.
when should we gobble up some more ntrz.ob?
if you want more shorts: go to www.tradertim.blogspot.com . He will rule for the next 2 months, before the bulls come back and totally pulverize the shorts beyond belief.
EVCC 1.44 in
Pr
anon,
not anytime soon, regarding NTRZ. Wait a month or two, or until it definately trades above 4.
i implore you to not buy JSDA here. The bears will chew it to pieces before spittin it out. 21 today may already be a foregone conclusion.
Re JSDA, as we used to say in south Texas, it is being taken to the woodshed, kinda like the late old Slim Pickins ridin' the nuke down in Dr. Strangelove. Btw, I own several thousand shares of BRLC at 7.45. I have fought with this stock for months, and for some reason it has not, to date, received the respect it deserves, imho. Last I looked, it had something like a 12-14 pps projection, but the short sellers don't seem to be leaving the front door quite yet. Owyheetrader
P.S. to JakeGint: In your Fib studies have you ever read anything on the aspect of "spirals"?
BRLC is the only long i'm gonna give ya.
I think it's bottomed.
BRLC:
i want you folks in this stock today!!!
ok , i had alot of fun this morning. I will not be back until tommorrow.
Take care.
I am 100% cash in all accounts. Things feel very strange. Waiting for the shizzle to hit the fizzle. Just a gut sense.
I am a relative amature, so take my feelings with a grain of salt. I think Tim Knight might be dancing in the street by Friday. Just a sense.
Trade well. Good luck.
JakeGint: Re JSDA what was your 50% fib retrace again ,please? I want to check it against my drawing. I think I was off a bit. Thanks. Owyheetrader
ISE:
Don't you wish you'd own this exchange stock? Still the cheapest of them all.
My wife's ZAAP.OB is on power lunch today....LOL Interesing? Maybe.
It's my only long as I was JST gonna hold it for while and take the Summer off and concentrate on my real estate. Stocks are such a yawn
Rambo
I haven't leave yet.
I've looked at BRLC and technicals are looking like the stock is due for a reversal. Actually i am pretty confident it will bounce. Earnings is mid May.
hey what about CME, lovely intraday reversal. WCG also did the same.
URRE is a good buy here around 9.00.
Has good support and the sector has held up well.
Could print a nice hammer today.
should i get into brlc now? looks like macd might be crossing soon
beanie:
do you still think the market is headed down? what is you target on S&P? thanks
Hi Beanie,
Any opinions on SMSI earnings tommorow
EVCC 1.55
Pr
good call on evcc!
aymon
EVCC 1.65
decent vol too
Pr
Shewwwwwww
EVCC 1.81
Pr
i'm afraid i might have missed the run up on evcc. Will definitely keep an eye out on your next alert.
thanks,
aymon
Ugly, every thing.
IBKR worth auctioning for? I havent heard any comments besides Alok. Expected to price about $29. Will it be run up a lot when it goes IPO perhaps?
Bought the UAUA june30 call for 3.65. sell at 200 day 36.4.or 6.40.. and rsi is 22 ..that’s a fairly strong buy signal. Downside uaua goes a little further down. But i don’t see how. Dump trucked AKAM. Last time i recommend data storage stock, unless i see rsi 15.
zee
Owwee--
My chart drawing put the JSDA 50% fib at $22.29, but I could be off a few cents either way. Got through that today but still seemed to bounce pretty well.
I have not dealt w. the "spirals" but I am assuming there's some coherent trading relation there as well. I've only seen the spirals in a mathematical context, though.
Regarding BRLC... if you want to take a flyer on the calls... the June $5's are nearly free! (IOW, not time value embedded).
Zee-- maybe part of your problem? AKAM is a streaming company...
Not bad at it either... Just way overvalued.
z-stock, do you still think market is headed 500 points down from here as per your blog? thanks.
Zee, UAUA and LCC are turning very nicely.
NVEC earnings tomorrow, running up huge.
Who's your daddy?
gosu said...
For some reason, I still believe we may not have a crash. Even if we have a crash, I will use that as a buying opportunity.
Tue May 01, 08:50:00 AM EDT
beanie11111 said...
Are you getting the feelin that the markets wanna get really hurt? 'Cause i do.
Tue May 01, 09:02:00 AM EDT
Gosu-
I think beanie just got burnt pretty well, as we all viewed, with JSDA and that might now be coloring his take on the markets in general.
Gosu, I feel in agreement with your take on the markets at this time and it is an exquisitely contrarian view, you must agree.
Harper
jake , akam, will rise again, i’ll just wait on the sidelines for an up day. WFR resting on 38% fib, at 52.8, see if it bounces from here. VMC looks compelling and ICF / IYR looks interesting
anon, market is strong until unemployment report, Fri. If market reacts negative, better buy some major index puts.
Gosu and Harper, I think you guys have nailed the intermediate and long term trend, but i think in the short term we are going to get a slight pullback and good buying opportunities. infact i think we are in the midst of it. right now 80-85% of the stocks in my watchlist are negative - granted most of them are very volatile.
to get an idea just make a list of all the stocks mentioned on this blog today and see how many are postive and how many are negative. i am amazed that the dow is up 60 points.
IOTN, still some juice here to squeeze out!
~V
TO: BOARD & JAKEGINT,
IT looks like you and me kid !!!
JSDA still holding for lack of energy to research...what do ya think? After earnings, bounce or dead?
Pamdla
Options and ICE? Seems like there is huge call volume on 125 - 140 strike. Would that be considered bullish? I would think those people would are expecting the price to rise correct? Please advise, I'm long ICE and getting nervous.
I have been buying on dips ever since March 16, 2007.
And as most of you know, I have told you this since February that I will do just that.
ROY appears to be headed higher on an increase in volume the past two days.
Still pretty much an undiscovered stock.
Hello Board... I have been readin this blog for a while now. There are some pretty talented traders here. I however am an amatuer. Guys, I've been thinking of subscribing to Gorilla trades, as I'm certainl not comfortable with day trading. Can anybody provide their opinion on this service, I'm always pessimistic about something that sounds too good to be true! Thanks for any info,guys....Webster
Webster, I don't care much for gorilla trades. If you give me your email I can send setup an auto forward so you get a copy of my subscription.
~V
gorillla trades - not worth a cent. Pay somebody half of the price and he will forward automatically you the e-mail everyday.
V - do you know you can get their subscription for 499, and sometimes they give you an offer of 399. i subscribed for a free month and then unsubscribed. they keep sending me the 100 off, and have sent me the 399 offer quite a few times.
everythign this schmuck beannie recommends goes up and then comes crashing down.. look at the solars...
NOTHING BUT PUMP AND DUMP
Anon, just be patient, the solars will go up again. its all a cycle, they ran up too fast now they are falling too fast :), look for the up tick and get in again (i'm hoping that you are out of them at this point)
anon,
i trust beanie's calls. just buy when he says to buy and then take profit on your own. Unless he calls it a trade, the stocks he recommends are fundamentally sound. The price may fall in the short term, but it will rebound. Take advantage of the dips to average down.
aymon
Hey V... My E_MAIL is pdowski1@yahoo.com.. thank you, and could you please comment on why your not crazy about it? .. Webster
GOSU.... Why do you say the gorilla is not worth a cent? I guess my strategy would not be shorter term, but more intermediate term trading. Would it not be more suitable for such a portfolio?....WEbster
I hope at least a couple of you jumped into NVTL after my post this morning. Congrats to those who did.
Pam-- re: JSDA, immediate resistance here at 23.50, then next ceiling at 24.80.... downside is the aforementioned 22.25-ish (it broke that today for a short period and came back), and then 20.00 is a pretty hard stop. If it busts through there, it's like the old Christmas song:
Christmas is coming,
the goose is getting fat.
Please put a penny in the old man's hat.
If haven't got a penny,
A ha'penny will do.
If you haven't got a ha'penny,
then God... bless.... you.
'Cause you're farked.
Anon, re: NVTL.
Appreciate the good word, but anonymous pumps carry little credibility on any message board. Usually they're ignored. If you're really feeling altruistic, why not sign your name?
Or better yet, sign up?
ALVR announcing earnings tomorrow... should be interesting.
What might happen tomorrow?
CrAAPL might attempt $100, and not make it.
$OIH might attempt $160 and stall and turn... and ... drop.
AKAM... we'll see.
webster, It uses 'proprietary indicators' and I don't feel too comfortable putting my money on something whose logic I don't understand. They did well the last one year but it's not exactly hard doing well in a bull market. Btw check your email.
BRLC's Fitty Fib is right at $6.90, which it spanged off of today (that area is pretty decent support too, if you look at a longer term chart).
Let's see what she does tomorrow.
BTW, I changed my mind on OIH... I don't even think it'll get to $159 tomorrow.
GGBM is a buy. it will go up to 3.30 at least soon
Lazio
Memy has just started its climb. Dont miss it.
Lazio
new official rec just posted!
www.beanie11111.blogspot.com
you got phucked bean fag and take huge losses on that jsda position little ho boy.
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