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!
ALERT!!!!!!!
Hey, it's friday. Why not gamble a little?
GOOG 500 calls August .50 or less.
A play on Cramer. Could be a great weekend gift. Could be a 20-30 bagger if the highs of today end up getting taking out.
Play small, please.
posted by beanie11111 | 11:56 AM
134 Comments:
Remember today is options expiration. You only got a few hours. All or nothin.
I think JNPR is a good short. Sept puts can also be bought instead of short common.
AAPL: i doubt it holds above 120. Hopefully it falls today.
So the aug 120 puts are also a gamble. Play small.
Guess what?
Why don't you play BOTH the aug GOOG calls and the aug AAPL puts. One of them is bound to be a winner if the market moves one way or another later, which i think it will.
So let's do it:
AAPL aug 120 puts
GOOG aug 500 calls
Good luck.
As long as one of them happens, you get all your money back and more. If not, oh well, you lose both. Play small.
Please hold those options until the last 30 minutes or so.
I would buy sept puts on JNPR, and keep buying more if it goes higher. I think the telecoms will get hit .
We reversed so much yesterday that the options sellers have an advantage today. The prices may not move that much either way from here. So please play very small if you're into options.
Never really played options so close to expiration. Do you need to sell the options or the brokers do it automatically if you hold till the last minute.
anon,
you should sell it yourself by the close!
Anyways, the market is slowin down.
If you're not in yet, don't buy. Wait for GOOG to go above 498 and the market rallying before entry.
EMC not participating...
Why won't aapl hold above 120? or do you just mean today?
GOOG calls nearly doubled from .35
Sweet Jesus, if they rally this market like mad, lots of people are gonna end up with 10-30 baggers on those GOOG aug 500 calls.
Let's see what happens.
Looks like i could be wrong about AAPL today. The stock could actually rally to 130 before dipping.
The charts are saying AAPL is headed higher short term.
What was i thinking?
But let's see what happens at the close.
id like to see a drop at the close .... dont feel like chasing stocks
Is Cramer saying Nasd up 100 points today? It has too if it's gonna be a record in history.
Good thing the wife told me to load up on 2000 shares of QLD yesterday!
SWEEEET!!!
MACCACACAAAA YAPPEPIEE!!!!
when and if the qqqq takes out 46.26, there will be a big rally into the close.
beanie,
If Fed cut rate in Sept. & Nov, do you think we still will have October crash?
i think they gonna do it. i think they gonna shove it up the shorts' arses today.
anon,
a crash you will know will happen if we get another slide like we had the last 2 weeks . pay attention in mid sept.
Beat it steve! What is wrong with people like you and JakeGint! Liars, liars! I hope you go broke in this market trying to pay for your wife just like JakeGint did!
beanie - think any merger monday news sends us flying?
Beanie these appl puts are killing me. What do I do? I don't want to sell now for a big loss but should I continue to hold?
GOOG calls:
if you want, go ahead and sell 1/2 for 100% gain for now. Hold the rest into the close. I think it will be very profitable.
wow, RIMM on fire!
Anonymous said...
Beanie these appl puts are killing me. What do I do? I don't want to sell now for a big loss but should I continue to hold?
LMAOOO LOSER!
Beanie, give us a physical description of yourself.
There's alot of truth to the saying that thou shall not fight the fed.
We are headed higher year end.
I already said i made a bad call on AAPL.
F U anon, you sick getting off on other peoples losses.
Beanie...should I double down on these appl puts? Do u think appl can continue to rally? thanks
should I double down on these appl puts? LOL
ok at this point you are on your own with those GOOG calls.
Got only 39 minutes to go.
Looks like GOOG is going to pin. I bet they rally the QQQQs, but GOOG still lags somehow.
A lot of people had the same idea in regard to these GOOG 500s.
36,000 on 8000 OI. These are going to expire worthless unless GOOG gets moving soon.
Still though, as a gamble, not a bad play.
Ok anon laugh it up you sick f*&k I'm going to double down on these these rallies have always failed lately.
EXPIRED WORTHLESS
"Why don't you play BOTH the aug GOOG calls and the aug AAPL puts. One of them is bound to be a winner if the market moves one way or another later, which i think it will."
WRONG
NEVER FIGHT THE TAPE ROOKIE!
RKH up $17 in two days...how is that even possible...now it’s stuck right below it’s 200 ma..looks like a 50/50..short sell.at 156 .anyway i let BAC play out on MONDAY...BAC up on Monday im shorting RKH...
zee
sure is nice to ride the horse UP.... it's been awhile. It's gonna be sweet to go into the weekend positive for once in a long time...
we can worry about next week on monday.
MRO, AMX, AAPL, MA *clap clap clap*
i made a small buy in MRO yesterday and it's up 9%. feels good to wish i had bought more.
Beanie do you realized you are wrong more than right? I can't believe people are following you and still haven't figured you out. Wake up folks. Beanie advice are for entertainment only.
What are you talking about anon? Beanie clobbered the S&P over the years LOL.
Its best to SHORT beanie
This blog is great to exchange ideas and get new stocks ideas. Many have brought a lot of good company to my attention (including Beanie himself.)
Follow all of Beanie's advice from this past year and you would be broke.
Then again, he changes his mind every 5 minutes with AAPL and is wrong everytime.
Do the opposite of Beanie and you are sure to make money.
Beanie expires WORTHLESS.
Beanie does not expire worthless!
Want to clobber the S&P? Short Beanie, a sure double.
just want to say to Beanie........thanks for having some faith in me. When I was harking cycle tops about a month ago I took a lot of heat.
Beanie has a very good, small group of folks here, that is rare. He works hard, like me and many other on this board. Do not give up Beanie, what you have created here I admire, very much.
At times I hate being a bear, many hate you. Will tune down my talk and just try to help on this board with positive data relating to stocks.
FYI - my accounts are now at year highs this week.....I say that in that you have to trade both sides, do not be a bull or a bear but trade the trend.
Will be doing a ton of chart work this weekend and am happy to provide it to this board.... :-)
Folks, we are about to see a countertrend rally......that is all. The candlestick on the INDU yesterday says near term bottom. It should last a month or so, as long as we hold 12884, if that goes, low is not in. If it is, we may only see upwards of 13900 and it will be very selective in what rallies.
Enough for now, and again Beanie, thanks again.
I think AAPL have bottomed and will slowly go up to 150 this year. I kept the faith and kept on buying on every dips. My last purchase was @112.02 yesterday, was tempted to sell it today but will hold for a higher gains, albeit carry some risk. The latest Fed rate cut seem to reassure the market, but it also mean that that the economy might indeed be slowing down.
RIMM in last hour was crazy
It went against the futures to hit the strike price.
They will pull this back on Monday IMO. Stock splits in this environment should not pull a stock up this much.
Shorting at 220 AH is very tempting
Beat it steve! No one gives a shit why you're here or what you plan on doing. Keep your word loser!
if you look at today's chart for almost any stock, what happened between ~12-2pm that made such a smooth steady line up?
i just want to THANK YOU Beanie, for having the BALLS to post YOUR take on the market and it's activity.. NOBODY has a crystal ball to be absolutely correct all the time.. but thanks for just speaking what YOU think!!! i appreciate it.. Al
P.S.
Are you a black dude beanie? You come across as a black dude. Al
Al,
No i ain't Black but what does it matter?
GOOG would have blown pass 501 today! The shorts didn't play fair. There was news about GOOG being sued by an airline that came out conveniently 1.5 hours before the close. GOOG was trading slightly above 500 at the time.
The news has since disappeared and reappeared at a later time.
Those Aug 500 options went to as low as .20, and then went as high as .80 right before the news hit.
You should have at the very least broke even or made some money if you sold early or if you sold 1/2 when it was a double.
Big boys do cheat.
39 minutes before the close i said you were on your own with GOOG. I did see the news hit but i personally thought it was minor but it was enough to stop GOOG from taking out the high.
whoa... i guess i should sign in before i post... only had ONE post to thank you.. the other was an imposter.. what a bastige.....;-)
what up beanie!!!
Long time no talky-too. How has wifey been? and the dogs? Looks like you just missed a great payout on thr GOOG calls. Look for HSOA drop bounce on Monday if you still play those.
Ive been playing the subprime for very nice returns. aint volitility great!
lots of weirdos on this blog. lol
Without a doubt, this has been the most difficult week in my investment life. Beanie has done a fine job in guiding us through treacherous waters. But let's not forget the other helpful people. These include individuals such as Gosu, West, and Steve. Thanks guys!!
Sue
Beanie has done a fine job in guiding us through treacherous waters.
LOL scroll up and down and heed notice that you would be broke
by now taking this fools advice
nonetheless very entertaining
but a guide and making money?
Do the opposite of what this
beanbag says and you'll be rich in
no time..!
ANON
P.S.
Are you a black dude beanie? You come across as a black dude. Al
he talks like one but there aint
no "nigga's" that can trade like
the beanster...they all be broke
and AL SHARPTON be on they ass..
LMAO!
Beanie,
Are you allowing anonymous postings again? You got to remind your bloggers, especially the new ones, that your stock tips and punditry are just your honest takes and opinions.
That you can be wrong just like the professional ones. I can only say, more power to you and appreciate your help. I should have listen to you on Dendreon, stayed too long with that one. Have a nice weekend!
"Al,
No i ain't Black but what does it matter?"
Whoa, whoa...no need to get so defensive. Sorry if I offended you just asking. Say, why did you get so defensive? You got something against black people dude? Al
Beanie, thanks for steering the ship through choppy waters this week and have a great weekend -- we all deserve one.
Steve, do appreciate the perspective you bring to the board -- continued success this year.
Notorious
Hey, it's Beanie's blog, if you don't like it, buzz off (being polite here). Beanie has to read it, the rest of us have to read it and some of it is sick-making, as in pukey.
If you ain't got some trading related remark, please p. o.
I dunno if we're gonna retest the lows or even get to dow 11,000 (worst case scenerio) now that banks feel more comfortable to lend money. A necessary thing was done by the fed.
Times like these need interference or the permashorts will wreck havoc to the stock market as well as the economy. It’s always the shorts scaring everyone with bs lies/rumors to try to break the market, just so they can make some serious bucks. It’s the only they they ever really make real money.
The LTCM debacle of the early 1990’s were just one fund, yet it almost brought down the entire system because the bears went all out crazy.
In Jesse Livermore’s time, there was a debacle at the time and he took advantage of it by shorting the hell out of the market so mercilessly to the point of causing potentially a major collapse of the economy that the government had to actually step in and ask Livermore to please stop shorting, to which he obliged and started unwinding his shorts.
There are certain times the fed really needs to step in, and friday morning was the perfect moment for that.
A few hedgefunds, a few mortgage companies, and a few banks going out of business will not impact the economy that much. Hey, the subprime borrowers lose their homes but they still can spend because they still have jobs. The unemployement rate is low. But the fear mongering from the bear-minded can wreck havoc to the markets and potentially the economy. Benanke did the right thing by slapping the bears a big one yesterday. The banks stopped lending because they were fearful not because they didn’t have the money.
With that being said, here's some more bad news:
http://biz.yahoo.com/ap/070817/first_magnus_shutdown.html?.v=2
I don't think we are really out of the woods yet until after sept goes by.
So let's trade quick or stay out. As solars go lower on really bad days, continue to nibble in some if you're an investor.
Funny Al,
i answered your question without beating around the bushes. But why would you ask a question like that?
good morning beanie.. i posted ONE comment of thanks.. the rest of the "Al's" are not me... the black comments etc... i read this blog everyday and have only posted the one comment last night.... the ones that followed my original werent mine (except the second one where i started with the 'whoa'..) i guess there is no way to screen out the crap....
thank you for the nice comments. really though, I'm not that smart. I've just always worked harder and always will. Appreciate the comments though. really means a lot. thanks.
Charting all weekend, have some interesting ideas for next week.....
My feeling, next week we print a lower low that will be very buyable.
Expect a rally into Mid October, with that FED meeting on Sept 18th - will put a lot of pressure on the pros to not short it......
Gonna be fun........
Forgot to add, we see a big breakdown in China next week.
BIG.
May 2007 Total Net Foreign Purchases of US Stocks hit a RECORD of 42B.
June 2007 Total Net Foreign Purchase of US Treasury hit a RECORD of 54B
May 2007 Total Net Foreign Purchase of US Corportate Bonds a hit a RECORD of 73B
We now have this subprime/CDO timebomb of trust......so much of this subprime/CDO crap was bought by strangers. Could we be seeing a buyers strike coming?
also of interest are these new Sovereign Wealth Funds, China is going to be buying into many more hedge funds and stocks,..........can you say a difficult market to measure??
Incredible.
Had some friends over the weekend, drank a few very nice Bordeaux, one La Dame - very nice. Nothing better in the whole world of wine than France!!!!!
Steve, thanks for your excellent analysis. I hope you don't leave this blog. I am the real Lane Madison, ignore the fakes.
As long as we're not in october yet, you need to tread carefully. The bears might have something up their sleeves for the next 1.5 months. It's probably a good idea to be at least mostly cash. Trade quick and trade small. You can also nibble in slowly in stocks you like, if you're a longer term trader. (10-15% every 2 weeks)
Steve, I agree with you regarding China. I've been analyzing China charts here all afternoon and into the night.
Talk about bearish, unreal in what I am seeing......big downside coming, only a select few bullish ones. I run every publicly traded China stock chart weekly.
Just downright ugly.
TSL - Solar, its P&F chart is projecting a 16 price!!! In the 40s right now.
STP - Solar, China also projecting 19.
CSIQ and CSUN do look interesting. CSIQ at 6.
HMIN - China Hotels, projecting 19!!!!
Michael
Beanie's GURU CONTRARIAN TREND THEORY says that
WFC will likely close negative on Monday because
both FastMoney and MadMoney likes the stock on
the same day.
Remember this theory is meant for a short term
move, although sometimes the stock moves longer.
Huge gains in Asian indices as of now... China up more than 4%
http://online.wsj.com/mdc/public/page/mdc_international.html?mod=mdc_topnav_2_3000
Vy
Awesome link Vy... thanks!
what games
a 10% holder of RIMM, GS upgrades it today after all the upgrades end of last week
how is this legal?
Hi everybody, i will be out of town today so no trading for me.
See ya when i get back Tuesday or Wed.
Good luck :)
Michael,
What does your technical analysis show for EJ? I know you did work on Chinese tech stocks over the weekend. Also, you were doing them on EJ last week. If they hit projections they listed for 2Q, or even a bit better, is it still looking good? I wanted to hold til next year, but don't want it getting caught in a big China sell off either.
-Tim
Doesnt look like a sustainable rally.
It will not have China sell off. Look Chinese solars all have positive profits and growth rate of 165%- 350% or higher. Look on Yahoo finance at YGE 1 year target Mean $84.04 and high $152.
Solf just released Q2 results beat the street and much higher groth rate. all these only drive China sector higher.
I am suer Csun will have good Q2 results too. You mark my words. Csun will report o 0824-07.
Doesnt look good. Internals very weak.
HEHEHEHE..
Told you about this morning:
gosu said...
Doesnt look like a sustainable rally.
Mon Aug 20, 10:25:00 AM EDT
Good thing I sold all my QLD's early this morning at a nice profit and I'm now totally into cash!
YESSS!!!
MACCCAAAA YAPPPEIPIEEE!!!
September 30, 2007 is where the bottom is.
I'm heading out for the day.
SPX
1455 and 1468 big overhead.
And we need to take out 1480 to really get very long this market.
Michael
Regarding EJ, overhead is just under 22 - take profits there.
Near term.....60M chart....support 12.74, very bullish MACD on this chart, money flow improving as well.
I will add more on close above 16. Stop under 12.50.
Michael
EJ continues to trade well. I've not sold any shares from 13. Still hanging in there with it.
-Tim
why sept. 30, gosu? thnx
Adam
TSL at 16 and STP at 19...thats so far off..STP if you ever see that at $33 it is a must BUY....TSL at $40 that was a gift...good luck seeing $40 again....
zee,,
market looks to choppy...S,AVID look like buys....CME under 520 is good...too..
UNG crashed...and now looks like a BUY...
From the recap:
JakeGint said...
Gosu--
I've got pretty decent support (DIA) at 13450, and even better at about 13200-30.
I can't for the life of me figure out where you are getting 12900 though?
Thu Jul 26, 12:00:00 PM EDT
More proof that technical analysis does not work.
Skippedy dee
Skippedy doo
Today I bought some BIDU.
Did YOU?
Gosu, thanks for sticking it to JakeGint. He deserves it. HEHEHEHE
gosu said...
From the recap:
JakeGint said...
Gosu--
I've got pretty decent support (DIA) at 13450, and even better at about 13200-30.
I can't for the life of me figure out where you are getting 12900 though?
Thu Jul 26, 12:00:00 PM EDT
More proof that technical analysis does not work.
Mon Aug 20, 03:44:00 PM
Markets bottomed last week at 12,519, almost 400 POINTS BELOW where gosu has been calling the bottom.
More proof gosu is an idiot and his brain does not work.
Wheres retard steve? hows that lend and XNN short treating you? like the bastard step child of gosu you are, I bet.
I cant decide who's a bigger imbecile, you with your only two posts being losses, or gosu who went from calling 12900 the bottom with no basis for it, to now saying "Sept. 30" will be the bottom.LOL
Picking one day gosu? you are the biggest lump Ive ever seen posting. One day? HAHAHAHA, LOL
gosu you don't honestly think anyone here takes you serious do you?
"ted said...
Gosu, thanks for sticking it to JakeGint. He deserves it. HEHEHEHE
Mon Aug 20, 03:56:00 PM EDT"
The gay little "HEHEHEHE" was proof the post is gosu not Ted.
for example..
gosu said...
HEHEHEHE..
Told you about this morning:
More proof of Gosu kissing his own ass on this blog under the guise of anothers name. You're pathetic.
By the way Gosu, I was too busy "sticking it to" your mom, to pay attention to you "sticking it to" anyone. She really deserves it, I caught her digging in my garbage again.
Sorry guys, I have been smoking crack. The cheap kind.
I am kissing my ass and now I am licking my ass.
tastes good.
PLEASE F*CK ME
I HAVE A CROCODILE UP MY ASS
I have a buffalo up my ass
anyone know anything about DFXN.ob? thanks
aymon
RIMM should be a short above 81 (adjusted for split) tomorrow.
FSLR is a short IMO to 90.
Hi Everyone,
Could any of the experts please enlighten me on short/mid term propspects for pharma stocks -AVNR, CEGE and NUVO. I do need your guidance urgently; would appreciate any help.
CMS
Hi Everyone,
I am seeking guidance on AVNR, CEGE and NUVO as I have got stock with substantial number of shares bought at high prices. I did sell some but still own a lot of them. Would appreciate your help. Thanks!
CMS
Dont be fooled by the low volume rallies like the one from the bottom yesterday.
September 30, 2007 is where the bottom is.
Gosu,
why sept .30th for the bottom? any reason? thanks
Adam
My reply from your comment on market-speculator.com:
Wooooo whooooo aren't we glad they steped in to F with the markets... gotta love regulaton... I can only imagine the people out there dumb enough to say "thank god... here comes the goverment to save our stupid asses again"
Refering to the FOMC announcment that they are reviewing further regulating lending practices
from: http://www.investorsparadise.com/forum/m-1187714001/s-0/#num1
Huh???
CMS,
I trade it and out of AVNR and NUVO. I don't know why you're still holding it. It's all very speculative at best. Adam Feuerstein of TheStreet.com have plenty of commentary and analysis on Biotech. Biotech on this choppy market is very risky to invest/trade. If you're willing to hold for long term, you might hit a 10-bagger if any of their drugs ever go to final FDA approval. Good luck.
BUY UNG SEPT 39 CALLS 2.35/2.50 BUY NOW next hurricane sends this back to $44 and NOAA says 6 to 10 more hurricanes this season....and Category five damages anything UNG off to the 50’s
zee
waiting for CTSH 68/69 and INFY 41/42
Keep you eye on DIVX. The technical chart looks ready to pop to the upside.
Always liked their technology. Old friend in the IPO space.
Should pull in longs should it start to move up, a lot of shorts and a lot watching this one.
West
Gosu's guess where market is headed is good as anyone's.
Frankly, it's really pathetic how he seemed to crave special attention.
Lets recall:
gosu said...
Again, I would suggest you wait at least till end of day, March 16, 2007 to start any buy side positions.
Sun Mar 04, 11:14:00 PM EST
If you followed my advice amongst the turmoil in March, you would have made a lot of money.
See the Dow and S&P charts. March 16, 2007 was the bottom for the markets. It was straight up from there.
Ofcourse people were skeptical then. They were skeptical when I called for DOW 12900. And now when I am calling for September 30, 2007 , they are skeptical again - at your own risk guys.
Thanks Gosu for spelling it out to us!
Gosu,
i wasn't skeptical in your call but your target has already been reached..are you expecting a diffrent target to be reached on sept .30th? thnx
Adam
Too bad Catcher and the other faggots chose not to heed Gosu's advice. If they had, they probably wouldn't be so bitter and they would definitely be wealthier.
Any requests for Fib lines? Let me know.
YOU guys hijack this blog, why don't you Gosu, Jakegint, Ted and company put your own and stop posting here?Please do everybody a favor and stop this childish and moronic display of lack of good taste.
Lets recall some more,
gosu said...
There we go again!!!
DOWN DOWN DOWN DOWN DOWN!!
Wed Aug 01, 03:09:00 PM EDT "
DOW CLOSES UP 150 POINTS THAT DAY !!
gosu said...
GS refuses to go down below 200.
Tue Jul 24, 03:49:00 PM EDT
GS now at $175.
gosu said...
Buy some stocks! But I think the best time would be when market goes down another 60-70 points tomorrow morning first thing.
Tue Jul 24, 03:53:00 PM EDT
Market fell over 1000 points for the next month
Not to mention all the posts of 12900 bottom only to see 12587.
Now picking one day out of the year to be the bottom.
I am best trader here, all know, even if I am always wrong as post prove.
And Anon. , All those posts[jakeg, ted, arun, anon., etc.] ARE Gosu. Just click the link
Gosu you fucking faggot you haven't made one correct call yet. I'm sure if he knew how he would ban your ass all the way back to the shitty little cave in turjikastan that you were concieved in.
Keep your sick sh**t to yourself and go away you name calling racist pig.
Quite the lively comment section beanie!
Feds are now going to impose more regulations, yippe. They'll over regulate, stiffling all lending practices. This will lead to tighter credit markets...the sole thing the fed wanted to avoid when they were slashing the discount rate.
Markets will probably rally further. Just not the market to be long or short. We'll see the 50dmas on the indexes again.
Market Speculator
without beanie there is no board only b***sh** yesterday and today
Richard you cocksucking faggot watch your shit stained lips boy or you'll regret it.
Oh yeah?? How would you like to feel my shit stained lips sucking you???
Sorry to inform you penis breath but I don't play for your team bitch.
Ah skippedy doo
Ah skippedy dee
Today I bought some GE....
It's going to 43!
BTW any requests for Fib lines? It's simply uncanny how well they work. Let me know, I have my software up and running and ready to run fibs.
Be careful of the Chinese stocks. If New zealand bans chinese textile, it will be a crash of chinese stocks. Get out of chinese financial stock.
Sure I'll take some fibs on three stocks I think are ready to move. GMKT, AVP and TSO. All three seem to be at pretty good support. Let me know what you think.
seanb
I guess i should allow cussing on board. They do it on the floor exchanges all the time.
Beanie, please excuse me that I 'cursed' on your blog. After some people wrote some really nasty stuff, I got a little upset. I will not do it anymore...if you can censor the derogatory nasty stuff people say. I makes me puke-o. Of course you have other things to do beside baby-sitting all of us. I will not curse on your blog anymore.
Thank you for a good blog and much helpful advice.
Anonononon
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