TSL really nice bottomed chart
TSL closed @ 43.20
Really nice bottomed chart once again. The last time gave us a 10-bagger on that front month options play. Since september is coming, i suggest you not own too much of any stock.
If you didn't grab any yesterday, you might want to buy the dip today (if any).
Yes, i still believe solar energy will lead the bull market for the next few years. These stocks will be big and powerful. Some have been beaten down so much that you can't help but continue to nibble in.
Really nice bottomed chart once again. The last time gave us a 10-bagger on that front month options play. Since september is coming, i suggest you not own too much of any stock.
If you didn't grab any yesterday, you might want to buy the dip today (if any).
Yes, i still believe solar energy will lead the bull market for the next few years. These stocks will be big and powerful. Some have been beaten down so much that you can't help but continue to nibble in.
posted by beanie11111 | 7:50 AM
121 Comments:
went short RIMM at the close
covered below 81
then some stupid buyer was hidden buying at 81.90 (brought price up a dollar in a second)
shorted again...covered again just above 81
killer morning
What's with the "I'm outta here" stuff?...Heck...the week has barely started! LOL!
Got some sell limits I hope to go off and if they do will end up being a pretty good week after all. Tough market for sure and the bids are so thin it's really hard to sell into it and make some money.
Been buying a ton of the closed end tax free municipal bond funds that have really gotten killed of late and offer tax free yields in excess of 5%. Most that I bought are selling at a discount to their portfolio values. Not a bad place to be in a credit crisis although the leverage can hurt if rates on the st paper go sky high because of credit concerns. But even in a financial crisis you still have to drink water and flush toilets so municipal bonds offer a nice safe haven and a good return especially on an after tax basis...Pamfla
Doug Kass covered his QQQQ shorts yesterday, if i remember correctly. The idiot is essentially saying that a fed rate cut will bring everything back to normal by early 2008. What a moron! All this fear mongering about a collapse of the economy for months, and now he's essentially saying a rate cut will save the day. Who doesn't know a rate cut was coming since June???? I know, you know, Cramer knows. Why all the unnecessary fear perpetuation?? Bears are bad, they are self-serving, and soon the johnny-come-lately bears will be pulverized!
With that being said, i still don't want you folks to go gungho just yet until sept passes.
short some FSLR in front of 100
use 100 as a natural stop
msft buying RIMM
where do these pumpers come up with these crazy rumors
interesting how much nasdaq stocks are outpacing S&P today
VMW:
i like this stock. Watch for it to break 70 and then all aboard.
I KNEW IT
GCO was my fathers favorite stock
very familar with it
I knew that deal wasnt going to get done
what idiots for not taking Foot Locker's offer
looking at FINL's PPS last few months, I knew it
just made some money buying under 43 and selling here.
my computer blew a fuze a minute before the GCO announcement...should have made $3 on the downside
im hoping the QQQQs collapse on the close on a technical overbought condition
Hmmmm, TV107... techs usually lead the bull.
Back.
Tonight is the start of the college football season.
They may seem uncorrelated facts....
~LOCM getting ready to explode..News Pending~
anyone know if there is a solar conference next week?
cant believe Circuit City is so low...havnt followed it in months....all red candles for like 16 days in mid july-early august
cant believe Circuit City is so low
I think all you have to do is go inside one of their stores. Damn! its so crappy.
everything is selling off except solar
geez
the one thing that should sell off
I am shorting Dell into their earnings report. If they miss and/or guide lower, the market will tank with them tomorrow.
NOC--- NORTHRUP GRUMMAN...DEFENSE...i can’t beleive how gun shy option traders are on the sept 75p and the sept 80 call...both contracts stuck in that sweet channel...sept 75 put BUY 0.35/40 SELL 0.75/1.00 AND SEPT. 80 CALL ... BUY 45/50 AND SELL 0.80/1.00 Daily volume is around 30, when i think for an opportunity like this , VOLUME would be in the 1000’s...its one of those option price channels where you don’t worry about the share price....you just try to get the best option price...
BUY GCO AT $42...BUY ENER...NOW OR TOMORROW...
FRIDAY...BEN AT jackson hole...talks about sub-prime and helping mortgages...or some such...
NOC option channel next week ...subtract 0.10/0.15 off the buying side and 0.20/0.25 off the selling side , probably..
zee
unreal day
lots of price movement
should have made 4x as much as I made today
anyone have any opinions on how markets will react before bernacke speaks
buying JOYG SEPT 40 CALL...looks good...
zee
possible short sells
NOV,SII,MDR,NTG,ALV,ERJ,BDX...
Anyone else here feels that the market will get spanked tomorrow?
The markets will likely be higher tomorrow.
Historical trend is up on the day before Labor Day weekend.
The astrology is also good for tomorrow.
I got blocked out of Tim's blog. Someone mind going there and tellin them that beanie11111 says that bears are screwed tomorrow.
www.slopeofhope.com
do not believe tsl bottomed yet
Beanie,
You rocks
:)
The way solars are acting just pinches one to throw all discipline and jump all on board. But the yo-yo nature of these days are limiting me to day trading which is only yeilding penauts. Hope you will soon start your famous STRONG BUY on something.
Yours is the best blog in town which really makes one a bundle of money. Thanks.
LEND up 32% in after hours, so whoever posted BUY LEND last week, wish I knew what you knew...
zee
and the GUT that was giving you a hard time about it....now, i wish he had just shut up....cause all that back and forth banter, just confused me....now i know who was right...
GLW...since beannie recommended it last week..I've been quietly buying the SEPT 22.5 call for a buck and selling it for $1.40..(3 times now).....thanks beannie...
zee
thanks gosu!
lol
sell the QQQQs premarket
huge resistance at 49
nothing bush or bernacke can say that isnt priced into premarket rise
sell the news
My LEND is now up 42% in pre-market!! I hope all you peanut heads will listen to me next time!
Hi Everyone,
Do you think the market will hold the high into the close? Yes or no,Why?
bushs plan helps a whopping 80000 homeowners
short the market within minutes of the open
I don't think you should be buying at these levels.
I need someone to explain to me why the market is flying today.
I dont think Bernanke is cutting rates in Sept, we are heading into the worst month historically and Bush's plan is a load of crap.
What am I missing?
Dan, its called a "Shorting opportunity".
Same thing happened on July 19, 2007.
Gordon,
What are you shorting right now?
Dan
Who is the idiot that said he thinks the market will take a beating today?
That would be me. LOL. Oh well.
Who wants me to recommend a stock so you guys can make money by going against me? LOL
Maybe the first time I've ever seen this headline: "Stocks get boost from Bush..."
Is AKAM a dog or what? If your stock is down on a big Nasdaq day like today, when will be go up?
TNH is a short
110 is stop
look for under 100 again
I think the rally is a nice set-up by the bulls along with Bush's proposal going into the long weekend. The huge lift-up today may very well be a preparation for rainy days to come in Sept. and Oct. as well.
Imagine if the bulls can't take the SPX to the upper trading range at 1460-1480 since the rebounds from the correction, the odds for failing to hold the most recent low could be high. Just my 2 cents.
Agree TNH looks like a good short. Was unable yo get shares thru my broker.who do you use. difficult stock to get shares
locatestock.com
charges between 9 and 9.5 cents per share to short
but you can cover and reshort all day without paying more
always prices are like triple if you hold overnight
most stocks are between .5 to 2 cents per share
it pays though for TNH
i have no idea how we close today
hopefully lower
ISM report on Tues, Mon closed...ISM looks hot...so Tuesday might be up...
i'll wait one more day ( or Tues), before I short ALV and AEM
zee
RIMM:
did anyone keep those sept 230 calls? Worth a huge bundle now.
I was wonderin if someone would go to Tim's blog and say Beanie11111 told them so.
lol
www.slopeofhope.com
so far that 148.33 resistance on SPY is holding
i hope they dont break it in the final hour
Beanie, you said "I don't think you should be buying at these levels.
Fri Aug 31, 10:26:00 AM EDT"
Please explain more to support your saying. Thanks.
Thanks for the info TV.
anon,
all i'm saying is that the market is already up so much today. If you weren't in yesterday or this week, wait till next week .
TSL:
already up from 40 to 46!
Looks like those calls could be worth another bundle for us.
Beanie,
Your reply "all i'm saying is that the market is already up so much today. If you weren't in yesterday or this week, wait till next week."
Thanks for explaining.
Have a nice holiday weekend!
I wondered who predicted this and why NVDA was so strong this week.
I did! The same dumbass that thought the market would tank today.
August 31, 2007
9:45 a.m. EST
NVDA's GRAPHICS PROCESSORS TO BE IN APPLE VIDEO IPOD
New York (Jackson & Steinburger)
Since late July, there has been speculation that Navteq (Nasdaq: NVDA) has secured a design win as the exclusive supplier for graphics processors embedded in the forthcoming Apple video IPOD. The robust video graphics requirements of the video IPOD will no doubt require state-of-the-art graphics processor units (GPU's).
NVDA represntatives haven't commented on the speculation, but sources close to the company are likely to confirm a NVDA supplier arrangement with Apple in the next few days.
NVIDIA will be presenting at the Citigroup 14th Annual Global Technology Conference on Tuesday, September 4th, but because that event precedes the official Apple rollout of their video IPOD, company officials are likely to be mum about their inclusion in Apple products until after the Apple video IPOD's debut.
NVDA, the maker of graphics processors sells its products under the brand names, NVIDIA GeForce, NVIDIA GoForce, NVIDIA Quadro, and NVIDIA nForce.
The stock traded up 2% in early trading.
Copyright (c) 2007 Jackson & Steinburger
I'm actually up for August breaking a two month losing spell. We've now rallied almost 1000 pts since the interday lows put in by the Dow approximately three weeks ago. Not too shabby. Could we give it all back in the next couple of weeks? Sure we could. But the moral of this recent rally is that the "crowd" is seldom right and fear mongers seldom make money consistently in the stock market.
Selling into a panic seldom results in the best course of action for most investors IMHO.
For now?...Raising cash seems to make alot of sense. The market has rallied pretty sharply off the lows and appears to me to be discounting some pretty good news (like a Fed cut in the Federal Funds rate in September). If that doesn't happen the market could sell off hard from these levels. That and "another" shoe could always drop and send this market into another death spiral.
I've cut my equity exposure by 50% from it's highs. Been shifting cash into tax free bond funds, tax free bonds, and tax free money market equivalents. For tax free money market instruments I've been buying AAA rated and insured 7 day triple tax free variable rate demand notes (VRDO's) yielding 3.75%. Rates reset every 7 days and you can put the paper back to the issuers every 7 days at par. No cost to buy or sell either. Prices of the instruments do not fluctuate in value either.
I just found out on the net, Eric Bolling left Fast Money.
He is going to Fox once he can get out of his CNBC contract.
Fast Money is in serious trouble, Bolling was awesome.
It will be interesting who else jumps ship from CNBC to Fox.
Maybe Becky Quick will jump for more money. With the addtl $$ she can get some braces.
THERE'S A COLD front coming on SEPT 7th to the midwest that reaches down to Texas...so if you own UNG CALLS, the NG market will probably rally round this event and you will see a spike in UNG's PRICE...THIS WEEK...
zee
if you are late to the party...buy the SEPT UNG 32 calls...
UNG spike might be a signal to BUY APA,DVN,HES,ECA,...If the market doesn't tank.....VIX goes below 20.74 = 50 day..( requires IWM to go above $80 = 200 day)...and it'll be smooth sailing higher...short term..
beanie11111 said...
thanks gosu!
lol
Fri Aug 31, 12:23:00 AM EDT
Its good to see there are others who really appreciate having Gosu posting here. Out of the thousands of blogs out there he chose this one. Why`s that? Divine providence perhaps??
Sept 30 is only 29 days away!
LOL!!
Lane, stop being such a goofy nebbish! Pamfla
Do any of you guys use stop losses on a consistent basis? If you are interested in employing stop losses, let me share three strategies I often use that you may find helpful:
1) After I make 20% on any given position, I set a stop loss to make sure that position will not turn into a loss.
2) After earning substantial gains on a position, I often use what's called a "trailing stop" -- one that automatically adjusts with the stock's upward movement.
3) Because some China stocks can be volatile, my trailing stops are often at least 14% away from the recent high so I don't get bounced out on normal volatility. That's twice the spread recommended by William O'Neil's method, which is widely followed by many professional traders.
Brilliant advice as always Gosu! :)
Gosu really seems to have the touch on market moves I appreciate his posts!
BAD NEWS UNG... the front-month contract price for gas might drop below $5/MMBtu, ..
++ http://intelligencepress.com/ ++++.
WHICH translates to UNG might see RSI 25 and $31 as the next new support....UNG could turn into a falling knife, so i’m bailing on UNG...
zee
Friday's jobs report is probably the most anticipated of the four-day week.
So i expect the market on thurs to be down ahead of that report, and coincidentally, on Thursday... investors will want to hear what Hovnanian Enterprises Inc. has to say in its fiscal third-quarter earnings release.
i mean what can HOV say, it found a way to turn lead into gold? so after HOV says that, it probably goes up 8%...
zee
RTH looks like it will hit resistance at 103 / 104...might be a good PUT play ...oct 105 puts, look good...also HD and LOW ..those two get any higher and i’m backing in the truck, on short sells...Those two must think HOV learned how to turn lead into gold, too!!!!
zee
Dont say that Zee! I already loaded up on SEPT UNG 32 calls! Pamfla
AAPL is going to see a few points up tomorrow and also tuesday in anticipation of new products being announced on Sept. 5.
S&P 500, Dow, and Nasdaq futures are all DOWN overseas. My QID should do well tomorrow.
thanks gosu!
lol
Folks,
I'm sick of these childish antics by some really immature posters who have done their best to ruin this board and no doubt others. Mouse over "gosu" in comment #70 and look at the bottom of your IE browser-- the last four digits of the profile number are 3589. Go back during the past couple of months and you'll see that the original "gosu" has the last four of 8328. I don't know why Google allows you to have exactly the same username as others. GLTA
where do you get quotes for the the dow/nasdaq futures?
I forgot to mention that the newer "gosu" writes much more intelligently than the original "gosu". Maybe he changed his diet?
GLTA
LOL!!
pamfla
just go here
http://intelligencepress.com/
Then go here
http://quotes.ino.com/exchanges/?c=energy
click on
NATURAL GAS (NYMEX:NG)
Then click on
NG.V07 Oct 2007
And then read report at the bottom..
Then go here to see 2 year chart nat gas...
and then look at 2006 when nat gas went to $4.50
http://www.wtrg.com/daily/oilandgasspot.html
then you will probably come to the same conclusion i came to....UNG bouncing off 33/34 is 50/50....
zee...
nat gas at $5 = UNG at 31 approx...
DOW futures
go here
http://money.cnn.com/data/premarket/
Thanks Gosu for your tips regarding using trailing stops. I'll begin trying it after Sept 30. Thanks.
Mike
its about time someone downgraded RIMM!!!
too bad i wasnt short over the weekend
these guys are crooks
MER upgrades RIMM to balance out the downgrade
Zee--
I think the nat gas comment this morning were a buy on the news opp.
markets are due for 1-2 down days
wouldnt be long anything overnite
You people are total fools for listening to Gosu!
Catcher
what murder for shorts today
gonna be a complete reversal tomorrow IMO
you still have time to hop
on LOCM for a ride out of town!
Anonymous said...
~LOCM getting ready to explode..News Pending~
Thu Aug 30, 01:10:00 PM EDT
LOL
Shorted NEM ( i think gold prices are too high )...and IWM.... IWM..seems 50/50 at 200 day..NEM seems like 70/30 at 200 day....
thanks jake, UNG turned into a profit..and then i got ..i'm not sticking around to see if UNG makes it to $36/37....i’m so mad i sold SPWR and GLW...on fri....
Thanks to Gosu, I'm getting my grapes kicked shorting this market! :-(
i see a plethora of stocks, Up 2% a day for 4 days in a row...that might be a pullback signal.... example) ..PLD / IYR.......Crude higher tomorrow, might put pressure on the Dow...we'll see...
zee
id technically rather see the market close strong and the collapse begin with a gap down and a strong selloff
This comment has been removed by the author.
If your interested , here’s a list of stocks that came all the way back up to their 2 month highs
AEM,AKS,APD,BHP,CEO,CLB,DE,DO,ESRX,FLR,FTI,
FWLT,FXI,GR,HNT,IBB,ISRG,ITW,IVGN,MBI,MDR,
MFE,MMM,MON,MT,NOV,NVDA,PCU,PH,
PKX,RIO,SII,SLB,SNDK,SOHU,
TXU,TK,WFT
Now they are on my SHORT SELL WATCH LIST....OR next time the market bottoms buy these stocks...
Needless to say, Gosu has lost all credibility here. While he`s shorting the market until Sept 30, it`s blasting off instead!
I`ve already put 100% of my cash into action. My strategy has worked well so far. Bought well known big caps when market sold off. Those are bouncing back hard when market recovers. Holding GOOG, AAPL, RIMM, MA.
Two of my fav names were up 10% today FCSX & EJ, both I hope will be a long term hold.
Holding AVAV & AHII for earnings.
Catcher
A rising tide is lifiting all boats at the moment but if the Fed doesn't lower rates in the coming weeks we could be heading right back down. Short covering and a built in Fed cut in rates can only take us so far...
IT IS TIME FOR BEANIE TO APPEAR (CHECK-IN) AND START A NEW PAGE
WE ALSO WANT YOUR NEW PICKS, IF ANY
LOL!
Beige book at 11 pst...report might hit mortgage banks, so look for them to go even lower, probably EOD...
zee
Did a ton of chart crunching this weekend.
We will not see over 14,000 on the INDU for at least 15 or more years.
It is heading down in a big way between now and end of year......at least into the low 10,000 area.
Has held its near perfect wave 4 top pattern. Implies a lower low to come into a potential ABC correction.
12947 is of extreme importance.
China put in a very bearish pattern on close today. A bearish Falling Three Methods on its daily chart. Have to see if this confirms in next few days.
West
West,
Thanks for taking the time on all of this! I appreciate it. At the same time, I do not have the tecnical training you have, so some of what you write is like deciphering a calculus equation for me. Can you give me a "bottom line" description of what your research is showing. Maybe at the end of your post.
Thanks so much! By the way, you mentioned a lot about China. What are you seeing now?
I belong to a subscription that only focuses on China. I've really gotten excited about China after doing research on EJ. The guy that gives the China picks said that LDK is a great choice right now and expects it to be at $70.00 by the end of the year. That was what he said last week and it was up $5.00 today. Pamfla
WEST said..
It is heading down in a big way between now and end of year......at least into the low 10,000 area.
Hmm..Interesting.
3000 points to go in 4 months. 750 points down average per month. If thats going to be the case, we will see at least a few days for Dow 500+ point declines.
WEST, WMT AT $28/$34 before i buy WMT.....no i'm buying at 40 /41
zee...
I don't know who's posting as me but it ain't me although it is WAY to sensible to be gosu . He's too busy busy posting as Ted, Richard and a few others.
Gosu,
William O'Neal doesn't use trailing stops at all. he cuts his losses at 8% below his PURCHASE price not its high. What a moolie. You should research a little before you spout off. I thought you said you were a day trader anyway? Your other posts are profits of usually less than 2%, scalping. When have you ever posted a stock that made 20%? Never here thats for sure.
Go long losers, stops on the dow at 13,248. 1/2 profits at 13,500, trail to 13,690.
I cancelled my Motley Fool subscription. All my investing will now be with Beanie's site. All I need at this point. Pamfla
looks like an up day tomorrow!
?where is Beanie
I am on vacation.
Will be back next Tuesday or Wed.
Don't go too gungho in Sept.
good luck
Am I dreaming or did Beanie call this terror attack that was stoped in Germany the other day.
ROFLMAO!!
ROFLMAO @ LAME
I sleep better having SOLD all my stocks. But it's fun to check in on all you tards once in a while. :)
I'll be out most of afternoon...don't want to be tempted to buy anything!
want to keep cash levels nice and high until September 30 and sitting here will only tempt me to trade!
will check in later, have a good one.
PRGN - I added today. my favorite stock. was looking through '07 ipos last night and this was the one that lept out at me. this one should work here....yield is better than rest of group and record spot rates for the sector.
prgn is yielding 12% at $16.... a $1.90 or so per year....and with the sector rocking, they should be able to add some spot work to their charters remainder of '07. I'd only be concerned if the dry bulk index was breaking into lower lows, but the opposite is happening....it is breaking out! a 12% yield in a sector in which rates are breaking out to the upside, I don't get how this is sitting around $16. only thing I can figure is it is the typical under the radar ipo that sucked wind initially.
how does this not go to $20 from here? I think it must.
west
West--
Reminds me of DSX when she first went public.
Thanks West for PRGN. I bought a bunch of this one today. I added this one in my kids account, that account is looking forward 30 years and chasing yield.
Will add a little more for myself.
Thanks.
Brett
http://www.forbes.com/feeds/ap/2007/09/05/ap4084004.html
ADP employment numbers = 38k, which is just dismal...for the DOW...but it’s not the real Friday employment report, and ADP, is often wrong...
but still
I’m shorting DNA..200 day = 80 .ahead of Fridays’s report....
ZEE
Gold shorts got stopped out.... Syrians, pushed gold above $700.....course if you were long gold, you’ll be saying fight fight fight.... GG ( gold stock)..is a short right now, probably...
CEPH,DNA,IBB,BBH...THEY are all very strong short sell signals.....
Here’s link to BBH,,, can’t possibly go above the 200 day...unless, someone cures cancer after hours...
http://stockcharts.com/charts/gallery.html?BBH
and unlike three months ago,,, the BBH options oct 175...are priced fair this time...yeah.....
zee
had my you know what ripped open
covered TNH at 1:15pm for a major swing trading loss...couldn't take the pain
left the computer and trading for the day
it only began crashing 30 minutes later
just added TNH to my list of banned stocks (when you make multiple major mistakes trading the stock)
it now sits along with AMZN
TV tnh is on my never again list also -- i had made a lot of money on it but then lost everything!!
same here
it went from my best stock of 2007 to one of my top 5 worst.
to think i was scared to hold long at 75 overnight 2.5-3 weeks ago
Jim Stack of Investech says his housing metrics and charts show patterns very similar to the tech bubble charts of 1999-2000. He believes the housing market will bring down this market to a fairly substantial degree in the year(s) ahead. Just for fun go to his site and take a look at his housing chart versus the tech bubble chart of 2000. Stack by the way recommends defensive consumer staples only.
Big Al
Speaking of getting one's bunghole ripped wide open, AAPL did it for me. Dropped almost 10 points intraday.... ouch!!
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