I love this VMW monster!!!!!!!!!!!!!!!
VMW currently trades at 81.70
I've been accumulating this monster for weeks now.
It's the tech stock with the most potential is my opinion.
$100 is only within striking distance.
Strong strong buy!
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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!
100 Comments:
ACH is smoking.
Solar is still a great place to be.
Look at that monster LDK for reference.
Why isnt EMC moving with VMW? I dont get it.
Learn from CY and SPWR. Buy the spinoff, not the spinner.
If you like VMW why not buy the stock directly? Going thru the EMC backdoor makes no sense. Once EMC sells VMW, it gets a one time benefit and that be the end of it. EMC may even drop like a rock if they sell.
If you like GOOG, don't you buy GOOG directly? You don't go buy the mutual fund that owns the most GOOG, do you?
EMC will rise no doubt, but don't expect it to outpace VMW.
You missed MA, you missed GOOG, do you want to miss VMW as well?
LOL!
Outta here early. On this 9/11 I'd like to remember Bill Meehan. I've truly missed his words of wisdom. Never knew him personally but he was always open to take an email.
Ironically his last Column on Realmoney from 9/10 was titled "It Could be Worse".
Take care everyone.
hi beanie,
on friday you mentioned to short any bounce. are you looking to short here?
Roger
When I look at VMW on Yahoo Finance, I noticed there are no Institutional holders or Mutual Fund holders. I heard they only get in a few months down the road when all of the daytrading has leveled off and these good IPOs come down into a reasonable range. Is that true?
-Tim
id short some TSL into the close at 49 level
and sink the market,
Shorting GFI buy the sept or oct 20 PUT....
other gold shorts include...GDX,ABX,AEM,GG,RGLD,USO,CCJ,RIO,OMG,...but these may be one or two days too early...or its today....
crude oil is not co-operating , it will not go down, so my guess is tomorrow’s energy report, (bullish) might be the market headline on WED..., as oil may go to new highs.. and sink the market,
Buying CTSH...looks like $USD has formed a bottom, which is good for CTSH...
Zee..
TV good call from two days ago....on TSL going up...
Bill,nice rememberance--Rather than name them all I'd like to remember the 20 friends of mine that I used to work with in the North Tower. I am one lucky guy Kiss your wife hug your kids
JB
kicking myself
i knew by morning price action and level II action LDK would die at the close
should have established a full day position
im short LVS into the close at 109
die market die
great day
best in 3 weeks
they knocked the market done even more than I hoped
LDK dropped a dollar and gained it back within 1 minute
damn i stopped trading at 3:52pm
good thing
bought some TSL under 47 but sold too soon...geez....what a close
market might be in semi- rally mode till SEPT 18th (FOMC)..
zee
Semi – rally means, like LM, dow up 17 points tomorrow and LM might go up 4%...
so some of these bottom fishing stocks like that might pay off...
And, at the same time, some of these double tops, like LVS...TSL... will be given room to fail,
CCJ is a good short at 42.8 = 200MA..and that times well, with the rest of the commodity stocks...so wed or thurs,
ICE sure is tempting at 130/131...slow sto says buy buy buy..
IRF looks great for bottom fishing...
PNR has a great BUY signal at the 200 day=33.4==
closing print is screwed up on TSL
taking TSL short overnite at 49.21 average
Gold over 700 (I`m only daytrading gold now), Oil over 78 and Dollar looking longingly at the abyss. As we wait for Mr. B to work his magic and save us, I am still in the no cut camp. I think if he does cut even 25 he sends the message to the world we are in real trouble and a recession is knocking at the back door. But I don't think it matters as we will drop either way. Interesting times now...and these are the times you can make a lot of money!
Interesting! The fake gosu echoes my thoughts about the markets.
Anyway I am honored Mr. fake Gosu.
ROFLMAO!
Fake run up!
Big boys dumping here.
Market tank next week.
go long FSLR into the close
oil will close over 80
fslr will not be negative on a GS upgrade today
tim -re: VMW. instituions report quarterly, so you wont have visibility into the numbers for at least a quarter.
spy hit 148.33 resistance
going short into the close
RIMM at all time high
major short intraday and maybe for a swing
rate cut is 100% in the bag...which sets up MAY 2008 as BAD...
commodity stocks look too high..
These are all short sells, WITH fair to xlnt, short sell signals...
Mostly commodity stocks
$SCP,ACI,BTU,CCJ,CNX,FCL,MEE,OMG,PXE,..THEN there is PLD,CELG,DNA,
zee...
SNDK, HOT, looks like a buy...
$USD, is a falling knife, I sure hope it holds RSI 30.1....or it will be terminated...again...
Retail FRI= 0.00%...that really has me worried, that number has enough negativity to carry thru till TUESDAY...
downside, the market puts a positive spin on it and GM goes up 10%, because truck sales part of the report, is off the chart...
zee
Z,
Why do you think the rate cut makes May bad?
9 month after a rate cut, there is typically a recession?
VMW option premium finally cratered. Big boys getting ready to dump.
Big boys racked up on premium past few days. I was surprised by all those Sept $100s being bought at 90 cents with so few days left.
Catcher
hey dan,
June 2008, that's sounds ok too....i guess i start worrying middle of may,
i'm sure i or someone up here on this board, will be able to predict one or two days, before the market plunges 400 in one day....and another 400 the next day...
zee
what would be nice, is if the signal starts here, and not overnight in china...
Here is a question for the board. I currently do not pay for any data services.
What I would want is a service that allow me to see things like: what stocks are at double tops, what stocks are up the most in any given time period that I can select. I am looking for a service that doesnt give me their picks but allows me to data mine for my own picks.
Anyone know of any sites like that? I know the sites wont be free, thats fine.
I would also like to see what everyone thinks would happen next week if there was
25pt basis cut
50pt basis cut
no cut
and which one is most likely.
This might add some postings to the bored (lol).
Fed Cut:
25 basis points
Market crashes after that because 50 basis points is priced in.
Inflation is through the roof.
Oil, gold, wheat - all near all time highs. Dollar in the dumps. Your money is now becoming worthless.
BUSH SUCKS!!
C looks awfully suspicious, going into sept 18th rate cut at the lows.....makes me think, after the rate cut, C goes to $50= 200 and 100 day...
SO all next week going into options FRI (sept 21st) bank stocks should be hot, probably...
Citibank chart looks like a dow jones sleeper cell chart...
i think we rally to 150 on the SPY and take a major dump after the decision no matter what the FED says
no cut
LMFAO!!!!!!!!!
if dollar index falls to 78 by tuesday, how can they cut rates?
before we know it, canadian dollar would be worth more than us dollar
and thats a scary scary thought
is anyone here going to move over to ARCA from NSDQ with the new low rates Oct 1?
it'll be much cheaper but I'll have to sacrific getting hit below the bid or above the offer that can happen with NSDQ.
Oct 1 also is the date with a slice in half of SEC fees
Cisco's John Chambers lights up virtualization!!!!!!!!!!!!!!!
http://www.marketwatch.com/news/story/ciscos-chambers-touts-virtualization-sees/story.aspx?guid=%7B8E07EDC1%2DCA39%2D498F%2DBC71%2D6315C350BDC7%7D&siteid=yhoof
Own a piece of this wonderful company: VMW
Buy and buy on all dips. Sept and October may be your last chance to buy below 100.
beanie...what do u make of how FSLR rolled over on heavy volume on an upgrade day?
was it just daytrading panic last hour?
tv107,
I think FSLR is headed for a double bottom in the 75 area, in the worst case scenerio. When it gets there again, back up that freakin truck!
I would add a little bit at a time on big dips. I believe this company will become a behemoth in the next few years.
FSLR:
from a daytrading perspective, this stock should go higher tomorrow. (Could still end negative tomorrow if the market is bad, but there should be upside sometime tomorrow.) Any gap down in the morning should be bought.
good luck
308UAIN'T says
Don't really follow these two, but there's an interesting take on EMC / VMW over at Zacks site today for anybody interested...
http://www.zachstocks.com/
Market expectations of the FOMC meeting on September 18 look stretched
Currently, option prices imply a 39% probability of a 25bp cut, a 49% probability of a 50bp cut, and a 12% probability of rate cut exceeding 50bp. We reckon the FOMC is going to struggle to live up to market expectations of a 50bp rate cut. This view has been supported by a range of recent speeches by FOMC members which we briefly review below.
http://www.fxstreet.com/fundamental/interest-rates/us-fomc-likely-to-cut-by-25bp-in-september/2007-09-12.html
no rate cut
Beanie, you fucktard. Don't erase my comments or I'll dick-slap you across your pretty face.
LOL!!
Like many other investors I'm still waiting for the next shoe to drop.
No doubt it's coming but from where? A CFC type biggie filing for BK?...A major homebuilder perhaps filing Chap 11? A major brokerage reports a warning or is taking large losses due to sub prime problems. Just too quiet out there now for my taste. A major finacial blow up like we just had doesn;t go away with a mere wimper never to be heard of again. We need a resolution one way or the other. If the Category 5 subprime issue initially crossed land and did some major damage but it has now gone out to sea and is tropical storm Category 2 so be it, but we all need some proof more than simply silence I believe.
Catcher
Catcher,
I agree with you and have totally missed this runup. Now Im hoping for a pullback so I can buy back cheap.
But then again, if we are headed into a recession maybe buying isnt a good idea.
Damn, Im confused.
I think much thanks should go to Beanie for.....
-creating a very nice product here.
-great information in a timely matter.
-incredible gut on what works and what does not.
-just the once and awhile squabble when egos and opinions clash during tricky market situations.
We just need to get Gosu back on board again. Really miss his insight. Reach out to him Beanie and straighten things out. You hear me Gosu?
West
Beanie-
I read you guys every day..best value on the web...kinda would like to keep it a secret but for your sake I hope it explodes.
Appreciate all your and the boards contributions..you have most assuredly paid me back many times what the cost has been
Solars are showing impressive perseverence. I believe they are basing for a run towards year end.
BIDU:
Congrats if you own this. I repeat: BIDU is headed to $1,000 .
beanie,
if you could please answer this.
last friday after job mkt report, you mentioned to short the bounces..since then mkt has bounced substantially..what are your thoughts on it now?thnx
beanie,
if you could please answer this.
last friday after job mkt report, you mentioned to short the bounces..since then mkt has bounced substantially..what are your thoughts on it now?thnx
Joe
anon,
i said that for daytrading purposes.
Remember that year end we are getting a huge rally. Between now and mid october, you still need to be careful and not be fully in the market.
Solars could be nibbled at.
VMW could be nibbled at.
BIDU could be nibbled at.
Focus on daytrading to make your bread and butter, and nibble some for the longer term, but please don't go all in right now.
Remember that i am a daytrader, as well as an investor.
I focus on the two aspects everyday.
Know when i mean short term and when i mean longer term. I sometimes forget to mention the timeframe when i'm giving recommendations. But know that i am being careful until mid october; even so, i still own some stocks for the longer term. Otherwise, my focus for the next month is still daytrading and some swingtrading.
VMW and virtualization software in general is changing the Information Technology landscape as we speak. If you are a tech investor by nature, it is hard to believe that you don't own some VMW. I have no doubt in my mind that we will see $100 and then $200 next year.
Many traders are betting on the demise of Countrywide CFC. Don't count on it. The Fed will not let it happen, as that will collapse the economy.
is BRLC a buy here for a run to $5?
tv107,
i dont like BRLC. The ceo has lost all credibility and the street will punish them.
I am staying away 100 miles.
time to get short BIDU
market really cant go much higher technically
had a monster morning
time to short some and leave the computer
Just a reminder.
13503 on close is all you care about. If it breaks down again, could fall very hard.
Watching the Dow Jones Real Estate and Finance Indexes work off oversolds going sideways.
Very troublesome looking.
Unreal how everyone thinks all this trouble has just ended.
Now we have 80 oil, Japan and Russia governments in shambles, whats up with that?
Tons of unknowns.
Beanie, are you playing your shofar today?
West
Beanie,
What do you think of ICE? Should I hold it or take loss?
Thanks
Jim,
FSLR. Bought it on your stop trading rec and down
6% in 1 day. Do I read this as horrific that it
went down on your and GS's recommendation? Or do
I hold?
Asked by jnorine
huh? It is a wild trader. you should sell it and buy it
back you will feel better
Answered by Jim Cramer
so if I translate that correctly, he says sell FSLR less than 24 hours later
what a crook
anyhow...made back my money today on FSLR dumping it at the premarket highs and rebuying at 97.69 and reselling it the mid 99s.
Beanie,
You fucking faggot; stop erasing my comments. Lick my balls you piece of bad stock-picking dog shit.
I'm fucking horny. Beanie, please give me some head.
beanie....CSUN lawsuit!!! going to $1 ??
holding since $12.79
any thoughts?
Why are there so many morons who post without a name here?
If I had balls I would love to short so many things here but I cant, Ive lost too much since July. I agree with West, why does everyone think every problem we have just disappeared in the past 2 days?
Smart money is setting us up for a fall.
How does the market run up into Tuesday when I dont even think Bernanke knows what he will do?
A cut for sure, but 50 basis pts, ehh...
stopped out on commodity shorts, so,now i don't want to short anything...oil,coal,steel,gold
zee
SNDK is a falling knife, i think SNDK finds support tomorrow..
PNR calls working fine, bounced off the 200 day, just like i thought..
Hey beanz...you still into NTRZ? You figure it's a year or so before we get back to $5 range? Are there any others holding/accumulating it at these prices?
LP
NUE cut it’s Q3, by 17cent, yesterday... NUE is up because of GM,
USO, being controlled by COT, next two weeks, then look for 19% correction...
zee
holy cow...been out most of the day, come in to see I got a PRTS fill near 7. been sitting there for eons on that gap fill, unbelievable that it hit. looking at daily chart appears as if it was just an odd drop but it did indeed print/trade down to $7. feels like christmas to come home and see that. I'll most likely just flip them here for the point, but pretty nice.
EJ - I took the two points, sold $20. past three sessions, seems prudent to sell something, so there it went.
Beanie, congrats on a pretty good day for you.
congrats bill,
dont see that prts dip on my screen but that was an excellent pick up
Sunil
new....
what's your time frame on ICE, it's a $150 again, just don't know when...I always enter anytime ICE below 123....since Feb 07, this has worked everytime...
zee
Z-stock,
My average is 134. I bought it about 3 days ago.
What does it mean when a stock price goes down on low volume for 7 straight days?
i was away all afternoon
can someone tell me what tanked the markets after hours?
new
nesxt week is going to be volitile,,,i'll probably see ICE at 140/150 and 123...next week...
zee
My NBR program, says next week is going to be volatile...some up 200 days, and some down 200 days....Dealer/ brokers report next week, and they should miss, so that tanks banking right away....too bad, because, rate cut, supposed to keep them higher...
SO, remember my IWM at $80 rule.....that's the signal to short the market....short everything..because when IWM hits $80, one of the dealer brokers will report and miss and down comes the whole market...so IWM still doesn't go above $80...it takes 12 weeks, once IWM, sinks below the 200 day...to go back above the 200 day...and it hasn't been twelve weeks...
zee
z-stock,
I hope you're right cuz my stomach is a little weak for ice.
Z,
Can you take a look at PLD for me?
You mentioned that it takes 12 weeks for a stock to get above 200dma once it goes below it. PLD seems to fit the bill. Do you think its out of the woods now?
I'm currently have PLD Oct puts.
thanks,
aymon
In SF yesterday, saw a BIG VMW convention/meeting:
http://biz.yahoo.com/prnews/070913/aqth111.html?.v=17
Beanie,
Please give your analyse on ICE. Do you still think it's going to 200?
Looking at the bond markets and specifically the closed end funds. Getting killed the last two days but most importantly the NAV's have also been down so I doubt if it is simply profit taking. Think sentiment on the Fed cutting rates has changed to some degree.
My bet is a still a cut but probably closer to a 1/4% then a 1/2.
They may well take a wait and see posture after a 1/4 cut and hold the other 1/4 cut until December. That is my bet.
Still a very psycho stock market. Bids remain pretty thin IMHO.
Lots of people on the sidelines waiting for 9/18. Still have my bottom fishing order in at limits but way under current market prices on most issues.
stocknewbie,
ICE is near a bottom right now. $200? i'm not sure when it will get there.
Beanie,
Should I hold ICE at 134 or should I take a loss? Where do you think ICE is heading?
You already used up your quota of questions.
LOL!
stocknewbie,
Some analysts think that ICE could get acquired soon. Up to you. I think ICE goes higher year end.
VMW looks like it could go lower short term before rising again. I would take the opportunity to buy more on big dips.
ICE at least gets to $136 = 200 day...so hold and at $123/125...back the truck in...
zee
ICE ..the slo sto signal says buy now...
zee
PLD, my short was stopped out...new short sell price is 64/65..
IWM...i use the 200 ma day ...on the weekly stockcharts.com
PLD is way above it's 200 ma weekly..so it's not even in the same category as IWM..short signal..
PLD, is going to benefit , on the rate cut, so it's not safe to short until after rate cut...
zee
i'll have to show you on my blog AMC...
This comment has been removed by the author.
IRF AND PNR, look like buy now situations,,,IRF , falling knife, slowed to a halt...and PNR= 3 day successful test of 200 day...
ZEE
Time to buy VMW!!!
http://www.channelinsider.com/article/VMware+Gives+Microsoft+the+Touch+of+Death/215251_1.aspx
77.2
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