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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!

Friday, June 22, 2007

Buy stocks on the morning dip!

That is, if you wanna make money.

Other notables include:
(1) TASR upgrade - this stock is done being in the slump. $30 is coming your way.

(2) BX - The much anticipated ipo of the year. I suggest you buy some today (30%) and buy some more the next few days.


75 Comments:

Blogger beanie11111 said...

NYX closed below 78 yesterday or the day before. That means you just have to wait and see. $72 is a real possibility.

If you like the stock longer term, why not average down and buy more?

Fri Jun 22, 09:25:00 AM EDT  
Blogger gosu said...

Saw the NYX chiefs interview yesterday on FastMoney. Even he doesnt think the long term prospects of his NYX exchange are good.
Comparing NYX with ICE, BOT, CME and NMX, he said that NYX is a equities and options exchange and they have a much more challenge environment than the other exchanges.

Fri Jun 22, 09:30:00 AM EDT  
Blogger gosu said...

Just look at whats happened to NDAQ. Inspite of taking market share, the stock has been quite a laggard.

Fri Jun 22, 09:36:00 AM EDT  
Blogger beanie11111 said...

I sold some of my SPWR on this spike

Fri Jun 22, 09:42:00 AM EDT  
Blogger el_myko said...

comments on HRBN thinking if i should sell or wait cause hrbn gets put on the russel smallcap index after market close and i believe that would make it a good monday any suggestions

elmyko1

Fri Jun 22, 09:44:00 AM EDT  
Blogger beanie11111 said...

Some people are comparing BX to GOOG. Gimme a break. BX is no GOOG.

Fri Jun 22, 09:49:00 AM EDT  
Blogger beanie11111 said...

SPWR:

I have a very strong feeling that the big boys will eventually make this stock the poster child for the solar industry, another JDSU of the late 1990's but alot bigger.

You'll see.

Fri Jun 22, 09:52:00 AM EDT  
Blogger CATCHERNTHERYE said...

Michael said...
IMO, Gosu should be removed from this blog. I knew there was something wrong with him from Day One. If you recall when he first came on here, he wanted to bribe Beanie and get his stock recommendations before the rest of us. When that failed, Gosu next tried making himself out to be some kind of stock guru by bragging about all his profitable trades. But then someone on here posted a link to a stock time-and-sales site which proved there was no way Gosu could have made the trades that he claimed. And now out of sexual frustration he's posting all these filthy posts.

Beanie, Gosu is the main threat to your blog and should be removed!

Sat Jun 16, 10:48:00 PM EDT"

Anonymous said...
I've now lost all respect for Gosu. I'd be real surprised if he ever posted here again.

Sun Jun 17, 11:23:00 AM EDT"

Gosu said...
Look at me. I have made $10,000 last week trading them and all my picks. I am the best here and all know it. Follow me and you will be rich. 13600 to 12900 i say it for over month now.

Mon Jun 18, 09:58:00 AM EDT "

This is why no one comes here anymore beanie. GOSUkme has run everyone else off. Pretty soon it will be just you, him and "ted".

Fri Jun 22, 09:56:00 AM EDT  
Blogger beanie11111 said...

BX:

at current price, the company is almost a 40 billion dollar company.

Fri Jun 22, 10:06:00 AM EDT  
Blogger Buddy said...

Got 100 BX (please don't laugh too loud) through e-trade for 36.45 on a limit of 37.00 :^)

Cheers

Fri Jun 22, 10:08:00 AM EDT  
Blogger Buddy said...

Sold my 100 BX at 37.28, stochastic taking a dive.

Cheers

Fri Jun 22, 10:12:00 AM EDT  
Blogger JakeGint said...

ELMO:

comments on HRBN thinking if i should sell or wait cause hrbn gets put on the russel smallcap index after market close and i believe that would make it a good monday any suggestions .

Don't stay in for purposes of index effect, that's already done.

It's ripping through near term support here at 17.04, but I wouldn't sell what I have until it busts 16.70. Could just be a shake. Oversold on the near term as well.

Fri Jun 22, 10:27:00 AM EDT  
Blogger JakeGint said...

Nice call on SMSI whomever made it the other day (Catcher?)... bounced right off it's 100% retrace and just shot past the 78.6% line this morning....

Fri Jun 22, 10:44:00 AM EDT  
Blogger CATCHERNTHERYE said...

nah, not me the other day. I had called @$12 [i was short in it] in smsi long ago when it was @ 15-16 range and SRI was asking about it, but the other day was joe r or brett.

Was a great call by both, but Joe had said if it could hold 12 it would move to 15. Pretty damn good IMO.

Fri Jun 22, 11:00:00 AM EDT  
Blogger Unknown said...

Hey Jake
I put up the chart at www.thebulltrader.com
the other day for SMSI, stating how $12 was its bouncing line. Congrats to all that got in it. Feels good making money

Fri Jun 22, 11:05:00 AM EDT  
Blogger beanie11111 said...

You still don't believe in solar?

Fri Jun 22, 11:09:00 AM EDT  
Blogger StocksWalayBaba said...

Beanie do you still like CROX at 47?

Fri Jun 22, 11:09:00 AM EDT  
Blogger JakeGint said...

Nice going, Brett!

I remember thinking about it... and then got distracted... lol.

Fri Jun 22, 11:10:00 AM EDT  
Blogger beanie11111 said...

Those TSL calls you got at 2.20 or below (at one point it went to as low as 1.35) is on fire!

Fri Jun 22, 11:10:00 AM EDT  
Blogger CATCHERNTHERYE said...

That was a damn good call brett, great timing.

Fri Jun 22, 11:15:00 AM EDT  
Blogger beanie11111 said...

holy cow, solar stocks are flyinnnnnnnnnnnnnggggg

Fri Jun 22, 11:24:00 AM EDT  
Blogger StocksWalayBaba said...

beanie your solar bandwagon is on fire. Thanks for help.

Fri Jun 22, 11:25:00 AM EDT  
Blogger Unknown said...

Thanx Guys, I only stick around on this board becuase of great calls by yourselves. Good call on those solars

Fri Jun 22, 11:28:00 AM EDT  
Blogger JakeGint said...

I was just going to biatch about how all the solars were flying save slug-a-bed STP, when boom! It shot straight up.... Something's going on in solar land...

Fri Jun 22, 11:34:00 AM EDT  
Blogger JakeGint said...

lol... as soon as I make that comment, STP get slappoe'd back down again... sigh.

Fri Jun 22, 11:46:00 AM EDT  
Blogger beanie11111 said...

YOU NEED TO BE IN SOLAR FOR THE NEXT FEW YEARS! (if you wanna own the next EBAY, YHOO, or even GOOG!)

Fri Jun 22, 11:57:00 AM EDT  
Blogger StocksWalayBaba said...

beanie are you for ethanol plays like XNL and PEIX too? or you have any other favorits.

Fri Jun 22, 11:58:00 AM EDT  
Blogger beanie11111 said...

NYX:

i believe this stock is at an immediate term tradable bottom.

This stock should rise spectacularly when everybody believes it will never see 100.

Fri Jun 22, 12:00:00 PM EDT  
Blogger beanie11111 said...

stocky,

i don't like ethanol plays.

Solars are much much better.

Solars make economic and technological sense.

Fri Jun 22, 12:00:00 PM EDT  
Blogger beanie11111 said...

do not listen to cramer's take on solar. he is wrong and you will miss all the gains is my opinion. you already have.

Fri Jun 22, 12:02:00 PM EDT  
Blogger beanie11111 said...

Do you see why the markets will crash spectacularly sometime starting the second decade (2010-2012)? Look, private equity (like BX) are going ipo. If you think about it, it's kinda an oxymoron - "private" equity firms wants to go public. Greedy bastids. Law firms are fighting to go ipo as well. Law firms are greedy bastids. INSANITY!!! BUBBLE!!!!

Fri Jun 22, 12:09:00 PM EDT  
Blogger StocksWalayBaba said...

beanie,

why you think $30 is coming in TASR? Is this opinion based on fundamentals or technicals? or Speculation :)

Fri Jun 22, 12:18:00 PM EDT  
Blogger gosu said...

This has been at the back of my mind since beanie mentioned it last friday.


QQQQ:

Humongous amount of July puts being bought today.
Not sure if it's just for hedging their long position in the stock or the bears are preparing to take action.
Fri Jun 15, 01:15:00 PM EDT

Fri Jun 22, 12:37:00 PM EDT  
Blogger gosu said...

If the market continues to go down next week, start buying stocks July 2.

Fri Jun 22, 12:49:00 PM EDT  
Blogger gosu said...

That is why I spend soooo much time here...


gosu said...

Hey Beanie,
What do you think about the following comment on Friday:
beanie11111 said...

QQQQ:

Humongous amount of July puts being bought today. Not sure if it's just for hedging their long position in the stock or the bears are preparing to take action.
Fri Jun 15, 01:15:00 PM EDT


Do you think "huge amounts of QQQQ puts" is anything to be worried about?
Sun Jun 17, 01:29:00 PM EDT
beanie11111 said...

gosu,

i think it was bought mainly for hedging, although the QQQQ did create a candlestick CROSS on friday. That's what's confusing about it. Monday will be very telling. Regardless, i think the bottom is already in two thursdays ago.
Sun Jun 17, 01:34:00 PM EDT


Genius Beanie. Thanks!!!!

Fri Jun 22, 01:12:00 PM EDT  
Blogger JakeGint said...

That's it, I give up. I can't even tell the difference between the real and fake Gosus anymore.

Fri Jun 22, 01:38:00 PM EDT  
Blogger JakeGint said...

Shorting SBUX on break of 25.56.

Long term fib was at 25.75, but it seemed like it was hanging on at that lower level all day....

Fri Jun 22, 02:05:00 PM EDT  
Blogger JakeGint said...

Beanz;

Could I get an explanation on the bottoming call for NYX here? Just wanted to see what you were seeing.

FWIW, it looks like it's going to at least $73 here.

Fri Jun 22, 02:07:00 PM EDT  
Blogger JakeGint said...

Long SMSI @ 14.63.

Fri Jun 22, 02:09:00 PM EDT  
Blogger steve said...

gosu said...
That is why I spend soooo much time here...


Thank you Gosu for gracing this blog with your presence and especially for all the profitable trading ideas you have given us.

Fri Jun 22, 02:10:00 PM EDT  
Blogger zstock7.com said...

Next Thursday’s economic reprorts, look really hot...That’s a day after Ben talks...
Other than that....I got nothing...
Zee...
Housing bottom still looks like it’s 4% or 5% more to go .MON and TUES housing reports, should put the nail in the coffin....
gosu's july 2nd looks good to me, too...
Zee

Fri Jun 22, 03:26:00 PM EDT  
Blogger Unknown said...

Wow NVEC got the momentum behind it.

I'm not much of a technical analyst but what is the real bottom for NYX? Jezuz its on a free fall! Oh and I gave up on STP, things been a dog all year.

Fri Jun 22, 03:42:00 PM EDT  
Blogger Unknown said...

Zee, are you still sticking with CAL?

Fri Jun 22, 03:44:00 PM EDT  
Blogger gosu said...

SWEEET!!
so, QQQQ: Humongous amount of July puts being bought last friday, did mean something.

Fri Jun 22, 03:47:00 PM EDT  
Blogger JakeGint said...

I dunno GOSU, you never posted any trade you made, nor any trade recommendation with regard to the Q's.

Why are you here, save for illusory self congratulation?

Fri Jun 22, 04:33:00 PM EDT  
Blogger gosu said...

Thanks a ton Beanie!
The news of vast amounts of July QQQQ puts cannot be found any where else.
Awesome Beanie. I could not be prepared more.

Fri Jun 22, 04:55:00 PM EDT  
Blogger joerawr said...

NIIICE!! Brett posted about SMSI on June 18th, 5 days later, and I'm up 21% on it! Thanks Brett! Super Awesome!

I'm a total newb at chart analysis but i can plainly see that it pulls back at 17 (a hair under actually) almost every time. I think i'll sell half if it hits 17, especially if there is no new catalyst.

Fri Jun 22, 05:26:00 PM EDT  
Blogger jet said...

This is hilarious...
well I am sure u guys can tell "g"osu and "G"osu apart by now.

Fri Jun 22, 08:19:00 PM EDT  
Blogger gosu said...

HEHEHE. Ted, that reminds me of when I made this suggestion to Beanie last year.
Beanie told me he had even tried a chat service and "it was a mess".
I think I still have a lot to learn myself.

Sat Jun 23, 09:46:00 AM EDT  
Blogger JakeGint said...

Holy schmolie, Gosu, get help.

I can't believe you went to all that trouble to set up a blog for your fake Catcher on blogger and everything.

But I'm not with Catcher on the idea of having Beanz ban you, since I think you're high entertainment, and you even have an occassional idea you've cadged that might be useful.

But schit Gose, having "Ted" suggest you should charge money?

ROFLMAO!!

Sat Jun 23, 11:45:00 AM EDT  
Blogger beanie11111 said...

I dunno why anyone would want to waste precious time imitating other people and posting useless vulgarities. It's just a real total waste of time, and it certainly doesn't produce any income. I can easily delete it with just 2 clicks of a button.

You would have to be losing alot of money to be going somewhat bonkers on message boards.

Please consider buying my recommendations. Often times, they are indeed profitable.

Sat Jun 23, 12:52:00 PM EDT  
Blogger gosu said...

Thanks Beanie for bringing sanctity back to the blog.

Anyway, here is what I think is going to happen.
If we go down next week too, it would be awesome, if we can get to my target of Dow 12900. If that happens, buy stocks July 2. or even better, close of day, June 29.

Sat Jun 23, 02:18:00 PM EDT  
Blogger JakeGint said...

Gose --

I hope you mean "sanity" as that is what you need to check on.

He was talking to you, bub. No need to sanctify anything, save perhaps your cerebellum.

Sat Jun 23, 05:06:00 PM EDT  
Blogger Unknown said...

Jake, get a grip. I don't know who the fake gosu or catcher is, but the only person consistently feeding him is you.

A wise man once said,
"Ignore the trolls they will go away"

Sat Jun 23, 05:59:00 PM EDT  
Blogger Unknown said...

Seeing as how you, catcher and gosu love to endlessly fight on the internet, I know it can be hard to stop. No one respond to him for a couple of weeks, and he will go away.

Sat Jun 23, 06:02:00 PM EDT  
Blogger steve said...

Jake, unless you want gosu to hand you the verbal beating of your life, just like he did with catcher, I would relax a little buddy.

Just tryin' to look out for you man.

Sat Jun 23, 06:52:00 PM EDT  
Blogger gosu said...

This is so funny

Zimbabwe's inflation will rocket to 1.5m% before the end of the year, the US ambassador to Harare predicted yesterday, forecasting massive disruption and instability that will drive President Robert Mugabe from office.

In a telephone interview with the Guardian, Christopher Dell said prices were going up twice a day,
in some cases doubling several times a week," said Mr Dell, who is approaching the end of his posting to Zimbabwe.

Sat Jun 23, 07:08:00 PM EDT  
Blogger pamfla said...

Goodevening Beanie and Board,
I would appreciate if possible feedback on EFUT. Got in last week
@21.50 and lower 20.02. Beanie, i know this stock is speculative however, back in the day it flew...
Of any recommemdeds would be appreciated for the beiginnig of week 6/25/07 already,. Thanks
Pamfla

Sat Jun 23, 09:41:00 PM EDT  
Blogger Unknown said...

Zee, with the high oil prices should you not be shorting airlines instead of buying

Sat Jun 23, 10:07:00 PM EDT  
Blogger gosu said...

Eric Bolling of fast money says crude prices are set to hit 80 dollars in no time.
I couldnt agree more.
gosu said...
With the summer driving season, I think crude oil will retest the 77 dollar level. This sucker will keep going up till August.
Wed Mar 28, 02:58:00 PM EDT

Sat Jun 23, 10:26:00 PM EDT  
Blogger steve said...

That was funny Catcher. Thanks for the laugh!

Sat Jun 23, 11:12:00 PM EDT  
Blogger JakeGint said...

Lane,

You're correct.

thanks,

Jake

Sun Jun 24, 01:50:00 AM EDT  
Blogger beanie11111 said...

BX:

I keep on thinking about this stock this weekend. Like i said before, it is no Google, and will never be. It is now worth $40 billion market cap. I see very limited upside.

I recommend waiting for a deep correction before buying, if you like the stock.

Sun Jun 24, 02:18:00 PM EDT  
Blogger gosu said...

Stocks that do not seem to be affected by all the pullbacks:

RIMM, ICE and MA

Sun Jun 24, 02:21:00 PM EDT  
Blogger beanie11111 said...

The markets probably gonna pull down this week, at least for the first 2-3 days. All in all, i expect a net negative week. If the bulls can change things, it would be amazing and you gotta respect the bulls.

Sun Jun 24, 05:14:00 PM EDT  
Blogger StocksWalayBaba said...

Beanie,

Do you think that correction will also affect

TASR, FSLR, SWPR, TSL and STP

I bought them near close and have doubts now b/c of your net negative week. Comment plz.

Sun Jun 24, 07:23:00 PM EDT  
Blogger pamfla said...

Hi Beanie and Board,

Yesterday I posted a question to the board and would appreciate any feedback possible. Bought EFUT on Fri. for 21.50 / 20.50. Anyone have insight on this stock for tomorrw? Of couse it depends on the over all market tomorrow.
Thank you kindly,
Pamfla

Sun Jun 24, 10:53:00 PM EDT  
Blogger beanie11111 said...

stocky,

i think those stocks will be ok. FSLR and SPWR are at all time highs; so i don't expect them to go down much and they should continue higher.

TSL has a good chart for bottom fishers.

TASR should go higher, at least in the intermediate to longer term.

STP - i don't expect this stock to go that much lower, if it even goes lower.


Take the opportunity to buy more of these stocks on dips. As long as youre not margined to your gills, you should be fine.

Sun Jun 24, 10:58:00 PM EDT  
Blogger beanie11111 said...

pamfla,

EFUT at current price is ok. I don't expect it to go lower by much.

Note i do not own this stock and don't plan to play it.

Sun Jun 24, 11:00:00 PM EDT  
Blogger TV107 said...

beanie...should i go long or short into RIMM earnings?

Sun Jun 24, 11:26:00 PM EDT  
Blogger JakeGint said...

Almost 124 yen for your dollar.

You gotta be kidding me. This sucker's going to 130.

Carry on.

Mon Jun 25, 12:14:00 AM EDT  
Blogger gosu said...

No wonder the Nikkei has been running past its 7 year highs.

Mon Jun 25, 12:24:00 AM EDT  
Blogger beanie11111 said...

tv107,

i'm kinda neutral on RIMM at these eye popping levels. I never imagined RIMM would go this high on the Blackberry alone. Insane. It's not like everyone really needs a blackberry, the way they need Windows. RIMM is now 1/3 the size of Apple. Truth be told, i would pick Apple as a business any day of the week than RIMM.

I must be missing something here on RIMM.

I haven't a clue which direction the stock is headed after earnings, but if i'm a gamblin man i'd say it will gap down.



Note: RIMM is not for me either way.

Mon Jun 25, 01:48:00 AM EDT  
Blogger gosu said...

GOOG going to 600? Beanie?

Mon Jun 25, 08:19:00 AM EDT  
Blogger Drun said...

Last call to get in NVDA before it really takes off. I alredy offered you NVDA in May when it was $32. It was downgraded today on valuation.

Mon Jun 25, 10:18:00 AM EDT  

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