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!
posted by beanie11111 | 9:06 AM
60 Comments:
u probably want to short bounces today
Beanie and Gosu are very smart being mostly in cash......
The data is saying be extremely careful near term.
And if you follow Crawford and I do, think about this. Maybe crazy, maybe not. I have a ton of data that says this market could crash. September 5-12 could hold some event that will send shockwaves through the civilized world.
We now have:
-Chairman Alan Greenspan saying he sees parallels between the current situation and the stock-market crash of 1987.
-Crawford from yesterday
-Bradley data bearish
-ending Kitchin Cycle
-three peaks and a doomed house finish to this last top pattern
Not a pretty picture. Will the list grow?
West
i just killed myself because of the TNH drop at the open
jesus
should have reshorted at 113 this morning because it didnt drop right away after jobs data
NYX green nicely on good volume data
buy ICE this morning for a run back to 139-140
LONG 10,000 CTDC @ 6.50
see you over 10 bucks soon!
SHORT 1000 CTDC @ 7.60
LOL!
i mean there has been no bounce but this is the slowest decline
im praying for a rally
buy some AAPL sept 130 puts!
It may be good for your account.
and don't forget to short AMZN
have a great weekend. More of the same punishment next week unless uncle benny pulls the trigger this weekend.
daytraders need to bring this market back up to opening levels
this type of market is the sort in which I learned how to trade...you can't sell on days like today, you've got to position yourself for these days by selling into the up moves ahead
Been building bigger in my double inverse short funds. Love these for their 200% inverse to the index.
Getting heavy now.
West
Covered my CTDC short at 6.95 for a quick $650 profit and a huge smile on my face! :)
CHECK THIS OUT!!
LOCM to the MOON!
LOL @ $650 profit
Anon, I wish I made $650 in profits today. I'm instead getting mine ripped wide open again!!
West, you keep batting 1000. Truly admirable!
sorry to hear that ARUN,
get LONG LOCM till years end,
you will be nicely rewarded
ANON
More On LOCM HERE
note: at the time of last qtrs
print of this article LOCM'S
debt is zero and their cash
position has doubled to over
20 million.
of course before making any prudent investment decision
do your own
DD and good luck to ALL!
ANON
I think Dow goes to 12,800 next week = 200 day...and i think more sell off in the last 30 minutes, end of day..
i'm holding all my PUTS...will well when DOW at 12,800..
zee
ON Monday, consumer credit report out...and it shows a 40% contraction from the month before...13B down to 8 bil...i think that hurts MA and AXP...COF...but i’m open to any other opinion, as i don’t really follow this report....
Zee..
And next Friday sept 14 retail sales report shows 0.0%...any reading under 0.5% is a disaster...for the dow....so we’ll see, if sell off continues all next week...
And the rate cut is 100% in the bag for sept 18 FOMC meeting...the decision now is 0.25% or 0.50% cut...so 4 to 6 months out, is when the big one, (collapse)..( probably MAY 2008) will hit....
zee
Swiss Franc and Yen. Our dollar sinking into the sunset.
Each up around 1 1/2% today.
Our money is growing worthless......
West
BUSH will easily go down in history as the WORST president of all time.
RSI crossover stong short sell signal LM
went from 33 to rsi 29....i expect more follow thru on Monday on LM..down to RSI 25, at RSI 25 LM becomes a strong Buy signal, at around $80...
zee
so i guess today is more than a one day event....look for more pain on Monday...
Anonymous said...
LONG 10,000 CTDC @ 6.50
see you over 10 bucks soon!
Fri Sep 07, 10:30:00 AM EDT
ROFLMAO @ U !!
decent morning but couldnt make a dime in the afternoon...lost about 25% of morning gain
tough trading
taking some TSL long over the weekend
Sold all my CTDC @ 6.20 for a small loss. Better safe then sorry!
Anon,
I know what your going thru...believe me. Even tho I never lost $3,000 in one day I felt the pain just reading about it. Hang in there dude. Thinggs can only get better...
Anonymous said...
Sold all my CTDC @ 6.20 for a small loss. Better safe then sorry!
sorry loser wrong ANON,
sold my 10k shares @ 7.50
7.60,7.65
LOL @ $650 profit
ROFLMAO @ U !!
and how much coin did you make today in a down market??
ANON
This comment has been removed by the author.
Anonymous,
Your not fooling anybody here. Shortly after you posted that CTDC would go over 10 bucks, it instead tanks big-time and you supposedly sold your 10,000 shares at 7.60 making a huge $10,000 profit. But you kept this news about your "profit" a secret until way after the markets closed when somebody started teasing you about your bad trading. That makes no sense which means its not true.
Go away, I have no more patience with your lies. I bet you work in the Bush Whitehouse. LOL!
Awesome post Jake! But like you said, he didn't fool anyone. Your post reminds me of the joke I heard the other day:
Q: How can people tell Bush is lying to them??
A: It's whenever they see his mouth moving.
LOLOLOL!!
PCLN = IYT, I kid you not...when IYT is at the bottom, so is PCLN...this could be very helpful, in the future...so next time transpo's are at the bottom, i'm buying PCLN, too!!!!
zee....
I’M glad i’m not holding TSL,SPWR,WFR, because, the SLOW STO looks so 50/50...if SLOW STO breaks downward, then......i think this week, the solars, might go to retest their recent lows,
zee...
Listen Jake that was really uncalled for, take a chill pill man. I was only just kiddin around :)
Anon, take your childish fun and games and go someplace else. This blog is for serious traders only, not for people who lie about making a quick $10,000. Pamfla
Beanie,
Would you start a new thread that ask people to post their Top 5 Growth stocks for the next 10 yrs.You post your top 5 for the next 10 yrs then ask others to follow.
Been interesting to see what people think looking out to the future more then just a week or 2.Plus something for a good topic in what looks to be a sagging market this week.
Thanks, CC
Beanie,
Would you start a new thread that ask people to post their Top 5 Growth stocks for the next 10 yrs.You post your top 5 for the next 10 yrs then ask others to follow.
Been interesting to see what people think looking out to the future more then just a week or 2.Plus something for a good topic in what looks to be a sagging market this week.
Thanks, CC
Wonder why the DOW Jones has been such a LOSING investment over the past seven years..
http://video.google.com/videoplay?docid=-1503000936581907362
GO BUSH MORONS!!
Sorry, wrong link:
Correct link:
BUSH MORON GIFT TO YOU
http://video.google.com/videoplay?docid=-1503000936581907362
My apologies Pamfla. But dont worry cuz I'm all done with this site. I got bigger fish to fry! :)
ANON
Zee
On another note, I think it’s safe to SHORT OIH....downside....OIH, might be setting up for another leg up..(doubtful)...
I'll post SLB chart on my blog, it's an interesting take, on the next two weeks...
Here’s some solar info on WFR and FSLR...
http://www.taipanfinancialnews.com/solar-technology-investing-0807.html
these guys were two weeks ahead of everybody in predicting DOW going to 12,500 / 12,400 and then the DOW did it...so i like them...
Would any of the Chart experts please make an assessment of short/immediate term prospects for IMGR, NEON and WWAT? Thanks.
CMS
Z,
What was the stock, they were pumping? Unless I missed it, they never mentioned it.
An otc I have no doubt.
LOL!!
Attn anon:
WORLDWATER CORP
Daily Commentary
Our system posted a HOLD today. The previous BUY recommendation was made on 08.24.2007 (14) days ago, when the price was 1.5800. Since then WWAT has fallen -3.16% .
We still advise you to hold this despite the current bearish movement. Give another chance to the market and wait for the new signal. A warning will be issued immediately if the downward momentum reaches to intolerable levels.
It is yet too early for short positions.
well, is anybody gonna comment on todays action..... or does everybody need beanie to hold your hands.
Dan, i wish they would tell for free, but there is a subsciption price....some of their subscriptions cost $7500....seven thousand dollars.....
In the meantime
NMX keeps bouncing off 120 / 121...forever and forever...what’s d i d I say, two weeks ago...
And LM is a BUY BUY BUY....OCT 80 calls 2.80 / 3.20 ok or 75 xlnt first bounce and oct 80 call goes to $5.00 insta win...
Zee
Im waiting till Thursday to short gold stocks , ahead or the retail sales report on FRI....(report is a disaster, i just don’t see how they can spin it)...
I think OPEC meeting kills crude oil tommorow, and expect USO to nose dive....i don’t know if XLE goes down in sympathy..
zee
The Market looks mixed, i see stuff i want to buy and i see stuff i want to short sell, so market is making me work both sides of the track,,,,,that’s all i got...
Zee..
And i don’t trust shorting DNA, that thing could just take off, above the 200 day, and be bullish...after that...
OPEC , i envision at tomorrow’s meeting, they will talk about world oil glut, and peak driving season is over, and decide to keep output the same, and the oil pits will concentrate on the “world glut” part of the report and i might see crude oil tank 4 or 5%...
hey dan, i just received the inside track on the Taipan financial news link, ( i mean who in the heck charges $7500 for a subscription?)...so if you see something of value, as it is a tough site to navigate thru the free stuff, let me know...
zee, thanks...
Look at VMW, up to 77 yet EMC has done absolutely nothing since VMW's IPO even though they own something like 87% of the company.
Makes no sense.
Z,
I am always very skeptical of those reports. About 5 years ago, I did make good money on the Calandra Report until he got in trouble with the SEC and shut down.
DJFSMR/Dan
TFN, top management at GS uses TFN, that’s all i got...
zee-ster..
well oih stocks and xle stocks are crashing in after hours, so my take on OPEC, might be a good one...
here's link to after hours
http://www.marketwatch.com/tools/stockresearch/screener/afterhours.asp?count=25&skip=125&sortd=0&sort=54
market needs a nice 1% morning rally
hopefully this rally wont break down like yesterday until afternoon
DAMN
why dont i listen to my own advice
i knew wed see this run to 147 on SPY
sell long too early and short too early
geez
anyhow....great morning but could have been spectacular
unreal
i was trading TSL all day yesterday
should have held overheld
what a move today
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