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 | 10:17 AM
79 Comments:
Crox is done for the forseeable future. Too many bad press to overcome.
VMW:
a great buy in the low 75
VMW, that shit burned me bad last week.
buy VMW!!!!!!!!!!!!!!!!!!!
now!!!!!!!!!!
Beanie,
WOW! another good call. VMW. I didn't buy any cuz I got burned on it earlier in the week.
wow...beanie..u work on the inside
how did u time that?
oh vmw got an upgrade today
vmw also became shortable for me yesterday
one more percent point on the SPY and QQQQ and shorting may become a relic of the past
us markets will be new shanghai
SNCR. Take a look.
even u longs got to admit this is really ridiculous
at this point, you should have no longs left at least until friday
well it kinda makes sense that SPY hits new highs cause our dollar is worthless so it doesnt mean the same as two months ago
TV,
Are you making any money today?
I have to admit, it's getting ridiculous. I hope it gets even more ridiculous.
Yeah baby.
well i have so much of my buying power stuck in out of the money positions so dont have much to trade with today...i asked my broker to limit my dtbp so i don't have a really really bad day
but bsc is falling apart in anticipations of a disster tomorrow
ill be able to cover out by tomorrow....SPY is beginning its decline..should get back to 152 soon not 151 like i first thought
lol bidu secondary chatter
cmon shorts
keep on starting more and more rumors
being a contrarian, I'm a little concerned about this hyper 'buy buy buy' in the market post fed cut...or maybe I just recall the monster move on the first fed cut in 1/2001 that fizzled badly... very badly.
to me, what today does is not as important as how the market acts on first pullback from this significant ramp.
only trade I made today was to short 1000 shares AHII 10.90 with stop loss buy cover at 11.24, limit 11.30 gtc.
will update positions when back from pool....and will also start researching this aircraft leasing IPO due next week.
FYI anecdote to stock market frustration... go on a nice long run!
YGE will never see the price below $20 from now on. Load up some now before it's too late. It's best solar stock.
shorting APA oct 90 put, may take a week to see apa fall, or it falls tomorrow, cause CNQ and ECA, already pulled backed.., and UNG probably collapses tomorrow...which hurts APA...
downside...BSC and GS blow out earnings and makes SPx/ spy up another...100
Of interest...FED,FMD,MTB....probably all have sub-prime exposure, especially MTB and they all three are coming from so far down under their 200 day, no way do they go above the 200 day.( very, exteremely ..strong short sell signal)....so SHORT NOW...they are at the 200 day...and RKH is similar story...it looks to spend one or two more days above 200 day and then probably down...
GS ..200 day = 206, today’s high..= short sell signal....a break above the 200 day, and the next short sell signal is a round $222....
Hey TV ..SPG hit 102...it’s finished ....which = LVS is finished...they are both safe to start short selling...LVS at $130 = great entry price for LVS short, or it’s today, first leg of falling knife...
Zee
Just because i’m putting up stocks with great short sell signals, no way am i endorsing that the general market is, pulling back....
Hey Z...
K, I'll try to post here. As long as it's quiet and not like those other boards.
Here's my work:
FSLR needs to stay above $100 simultaneous with oil above $75 for solars to stay hot. If you haven't yet, start nibbling on them... YGE, JASO (my favorite.. they basically dissed SPWR product quality, and went w/ a local a different supplier today), SPWR (new 52-hi today).
Now (yes, TODAY) is time to short or buy PUTs in index. I will be buying the $80 or $79 October puts in IWM... this one struggles w/ $80. Thursday or Friday odds we get big drop into weekend and I'm out.
Areas to short... airlines (CAL, UAUA), and financials like BSC if you're brave.
Parallel trade idea: short UA long LULU. UA has a lot of downgrades lately... institutions bringing this down because they know and I KNOW they will have a runup in 2008 (shoes hitting stores baby!), and every female investor is buying LULU because it's one of those girly stocks. HAHA! j/k. Remember, UA has stake in LULU.
My trades at end of the day: long CTXS, short CAL IWM FMD (I really like that call Z).
3-day sentiment: Oversold, hence bearish.
Laterz,
Gio
intuitivetraders.blogspot
LOL!!
OK...Thanks
GIO
Will buy the OCT 40 LULU 1.90...stock charts point and figure target = $46....
Will buy the UAUA OCT 50 PUT ...4.30...
BSC short, i’m not brave enough, i wrote a whole piece on how BSC eventually climbs back to $146...
CTXS,YGE, on the watch list..could go a whole lot higher...
zee
whats the deal with LDK?
isnt it overpriced enough?
i dont see any specific reason why its up so much...anyone see?
never traded SPG...looks like a decent 3 digit stock
u have to factor in when shorting LVS that it really didnt gain much on the FED announcment...so whatever your cover target is, you may want to increase it $1 or so.
Also what the deal with LDK?
It can't be stopped!
What say you Beanie? Which solar are you backing?
Beanie top solar pick is HOKU. Beanie said it will go to 100.
LMFAO.
just color me skeptical that everything is fine now. since fed cut, a ton of high beta, aggressively valued stuff got the green light to go nuts. stuff I won't touch at these valuations, up 10%-20% in 24 hours while a lot more reasonable stuff sits around.
the beaten down stuff rising makes sense, especially some of the financials which have been killed, but a WX, a MELI, a LULU etc I don't get.
I'm up quite small past two days while indices up huge. very frustrating!
HOKU? Will NOT go to $100. Sorry. I live up the street from Pearl Harbor, and I'll tell you, if Hoku were as big as it's trading, we would know about it. Whenever they make Naval contracts, it usually ends up somewhere in the Business section of our local newspaper... translation = not so great.
This is a crowded momentum stock trading on a tiny market cap.
Not trying to diss the author's picks, just my opinion.
-gio
FSLR under $100 is the new entry price....cause target raised to $140....GOOG target raised to $600.( might get there before Sept 30th, cause lots of instutional buying, going on, i heard from one analysts, H. Kramer..)...and BIDU target $300 / $330...
zee
the thing with SPG, it still has hot EPS trend from 06...so 200 day may not be the short sell signal.so keep a tight stop......i did the same thing on IWM and got burned at IWM 200 day...so ..i raised my next short sell attempt IWM to 82/83..
Hey Z...
I hope you're wrong on IWM this time. I opened some puts today into the close. $80 and $79 strike.
These penny increment options are great. However, I got smashed on IWM puts when Fed cut rate.
Has anyone noticed how this scenario is so far the exact opposite of last year's May 10 rate raise?!!
... if so, the "TOP" may very well be a few months down the road.
-gio
the world is over
canada and us dollar are at parity
Bill had a great post yesterday. he does not trust this move, he is 100% right!
RISK REMAIN very elevated as we close out the week. There is still the risk of a big down move in these markets.
We closed with very bearish candles on all three indexes including a doji on the COMPQ. The INDU has room to near 14,000 on its bearish wedge FYI.
A lot of negative information out there on risks to the dollar. Saudis are not happy with the cut.
Will have better data into the weekend and will do a more detailed report with targets to change the picture.
Still holding a 10% short hedge into this move with no worries.
Tricky game.
VMW:
Could make new highs this week.
Solars i love:
FSLR
SPWR
STP
LDK
YGE
TSL
Thanks for the update Gosu!
September 30, 2007 is not looking like the bottom... We'll see.
ICE is moving today.
ENER bottom? Anyone? What do you think, Zee?
MELI is a short if it breaks the 37 level
Beanie? U still playing in Rev's room? About time for me to put my speculative hat back on and play full time trader. They playing JRJC???
Looked at the story when JRJC was under $10 but didn't buy mostly cause ETRADE wouldn't allow online access to buying. Never called it in. Now it appears they do when its up another 100%.
Catcher
someone is making a lot of $$ since this rate cut. It isn't me though.
I'm shutting it down here, not touching anything at these levels. they're ramping select ones and much of rest sitting around doing nothing. unfortunately I'm not in anything being ramped.
have a good day, hitting the beach.
shorting ZNH
avg 97.4
looking to possibly overnite (very risky)
looking to cover hi 80s
tv,
still shorting CMI?
no i covered in the 131 range
i dont like this airline story with china at all
bogus...its like shorting ACH at 70 IMO
shorting ZNH on the CEA rumor
Hey beanie, nice list of solars. Here's the ones I like:
JASO
YGE
FSLR
SPWR
...no need get all fancy. As long as FSLR is above $100, they're all buys.
-------
If you guys think this market will fall again, short the airline stocks (CAL, UAUA etc)... showing one major bearish pattern, and acting very volatile intraday for the past 2 weeks.
so pissed about athn
but u never know with these ipos
was thinking of buying at that dip to 27
UNG, report nuetral...but this fake news storm in florida, kept UNG / USO from tanking like a falling knife, today..
So when oil pit gets the news i have,
USO and UNG will tank..should happen tomorrow
ENER, i’d wait....will go to $25.5= 20day.., just don’t know when to get in
GIO, i must've posted at MAS's...IWM.. i raised my short sell target 82/83...looks like 82 is working
APA puts, huge volume 10x spike today....i think that's good?
zee
FSLR, $100, the new support?
zee
GIO great call
on.LULU , up
and UAUA is down, big..
thanks...
FDX earnings today...i guess they started complaining, cause they are down..
SEPT 20
BUY and HOLD.idea... XLE OCT 77 put...i figure XLE has to retest 50 day at 70, before OCT 19, options expire...so $200 to $700...
Hey z... XLE to 77 is very doable. You realize that's a new high. For that to work, UNG and USO will have to move up a buck or two. Been watching UNG, tough to follow! But if it falls XLE will be cheap... that's a good entry.
UA following the script. Keep with it. Remember, institutions bringing this down to buy it back up around Christmas (shoes shoes shoes!). LULU made new 52-high intraday.
Better start thinking about hedging... I still say short the airlines (UAUA, CAL). I'm a little more crazy, I'm short the "Fertz" (TNH, TBSI).
Probability of triple digit drop in dOw is pretty high on my calcs.
K, gotta go fax stuff.
-gio
been trading EFUT every other day for past 3 weeks and don't trade it today
im an idiot
LDK psychologically destroyed me yesterday afternoon and today
but made back most of that loss with my ZNH short....tempting to keep overnite cause it may open up $5-6 bucks down but not going to do it
i trade 10x better when i don't have to deal with overnite positions
Tv,
What is your broker firm?
TDameritrade wont let me short znh.
oozze
i use locatestock.com
it cost me 2.5 cents per share to short it (pay only once per day)
yea i have some tdameritrade accounts but the short list is just average
i daytrade thru assent llc
but there are other ones that use locatestock.com like dimension/prestige
wow good thing i didnt take ZNH out overnight
CEA and ZNH will skyrocket again tomorrow if these early Hong Kong gains hold up
Morning Beanie,
Is ener a buy at these levels. bought some in the high 30's and thinking of doubling up
anon,
yes i believe ENER is a great buy at these levels.
thanks beanie for comment on ener
seems like CEA is rocketing and ZNH is crashing
strange cause ZNH was up 7% overseas
o well
Solars are performing nicely and have been. LDK is a monster.
YGE is headed higher.
Get ready for the ride of your life with solars:
http://online.barrons.com/article/SB119015183529831558.html?mod=yahoobarrons&ru=yahoo
SPWR near all time highs.
TSL is flyin. Going back to 70
Hi Beanie. YGE looks awesome thanks for finding that one. Loaded up at 22.16 Pamfla
RIMM....now that's a monster!.......Please, thoughts on NYX anyone.....SKI
got in ZNH this morning when it was down a bit! screaming up now!
All pros on this blog, are you still thinking that September end will bring market bottom? Will there be a crash?
ZNH is up 2% and you call that "screaming"???
ROFLMAO!!!
Dude my ZVUE is up over 50% today! Thanks for that one Beanie!!
what a reversal on ZNH!
gonna take a huge gamble at possibly take some CEA short over the weekend. done some more research and don't see it going much higher
Lane,
I cashed out of ZVUEW with almost a 100% gain. Needless to say, I'm walking around now with a huge smile on my face! :)
mpatel, most of us are patiently waiting for Gosu's September 30 before buying back in. He's the stock market guru around here.
travel day for me today...plus you guys don't really need me in this market as I'm underperfoming pretty signifcantly since fed cut, so not much really for me to add here past few days.
Bill, while the market was ugly you were scoring with great trades catching bottoms. No need to be critical of yourself----yearly totals is what counts in the end.
Nasdaq, reports downgrade AEM = gold stock..so more than likely...yesterday was AEM’s high for the next six weeks...
Today just doesn't feel like a good day to buy stocks. Triple witching day.
I'll be shorting FXI into the close and adding SRS as hedges. The only thing worth buying are energy and metal/commodity related... no thanks for now.
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