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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!

Monday, October 15, 2007

I am hoping for a huge selloff tomorrow morning

so we can start scooping up some goodies for a day/swingtrade.

I give it 20% probability that we crash next Monday. If not, the next 1-2 days will offer the best buying opportunities for the year as the bull market chugs along.

Stay alert and get ready to pounce. Reduce margin until we get some sign that we're 100% crash-free.

90 Comments:

Blogger TV107 said...

beanie...dont get overconfident about a selloff because of that CNBC special tonight (which I liked cause I wasnt around when it happened)

HSI isnt down much, it'll probably close green.

and potential tech earnings gonna prop this market higher tomorrow morning (at least until they start reporting Tues afternoon)

Mon Oct 15, 10:47:00 PM EDT  
Blogger TV107 said...

PTR is insane for its market cap....i never looked at the chart for it until tonight...looks like a great daytrading stock but u need brass balls to hold it overnite either long or short...

Mon Oct 15, 10:51:00 PM EDT  
Blogger TV107 said...

even more so than google, amzn should be the tech company that needs to blow out earnings for this nasdaq rally to remain fully intact

its the one with most stretched trailing and fwd P/E with 2 unreal moves after last 2 earnings

Mon Oct 15, 11:01:00 PM EDT  
Blogger beanie11111 said...

I got no doubts that earnings will be good. We just have to get thru this week and i'll be backing up 9 trucks then.

Mon Oct 15, 11:55:00 PM EDT  
Blogger beanie11111 said...

A little Contrarian Take for you:

Since everyone is wary of this week being the 20th year anniversary of the '87 Crash, there will likely not be a Crash. More than likely, the exact opposite will happen.

Tue Oct 16, 01:52:00 AM EDT  
Blogger beanie11111 said...

I'd like to see the market die the first half of Tuesday. We need smell of blood.

Tue Oct 16, 03:18:00 AM EDT  
Blogger TV107 said...

beanie gonna prob win

gap down this morning

Tue Oct 16, 07:02:00 AM EDT  
Blogger beanie11111 said...

Holy cow, ERIC got decimated. The market will not be kind for those who miss on earnings. We saw it with ATI. ERIC is such a huge company!

Tue Oct 16, 07:31:00 AM EDT  
Blogger beanie11111 said...

AAPL and VMW:

Our overnite daytrades are spot on! In fact, so far, i've been hitting the overnite daytrading calls at 100%. Won't you pay attention?

Tue Oct 16, 08:09:00 AM EDT  
Anonymous Anonymous said...

"give it 20% probability that we crash next Monday. If not, the next 1-2 days will offer the best buying opportunities for the year as the bull market chugs along."

This doesn't make sense to me. You think we might crash a week from now so if we don't buy now? How does that make sense?

Tue Oct 16, 08:46:00 AM EDT  
Blogger beanie11111 said...

anon,

Thursday and Friday will give us an indication whether we gonna Crash next Monday. If we're meant to Crash, we should go down pretty hard today, wed, thur, and friday.

Tue Oct 16, 08:55:00 AM EDT  
Blogger beanie11111 said...

If we go down today and tomorrow and reverse course late tomorrow, thursday and friday, then today and tomorrow would be great deals in hindsight.

Tue Oct 16, 08:59:00 AM EDT  
Anonymous Anonymous said...

we could crash next week if goog misses this Thursday. market will go down on friday if goog misses but since it's OPEX market will not crash.

Tue Oct 16, 09:18:00 AM EDT  
Blogger Anon said...

if i am not mistaken, GOOG kicked off the selling last time. remember all the hype around "first time they miss"... i believe it was a down day that day, a reversal off of what was to be a nice open, and the multi day sell off including the 300pt decline. am i remembering right? i think GOOG is key again.

no one believes the bankers. they are full of shit and cant manage their own businesses. discredited. bad news is expected.

now, ERIC this am is a dangerous sign, although they sound just like LU used to. I lost a fortune waiting for LU to turn...anyway. ERIC is a surprise and significant.

Tue Oct 16, 09:25:00 AM EDT  
Anonymous Anonymous said...

dONT YOU THINK ALL THE PUTS IN PLACE WILL PUT A FLOOR N THE MARKET AND IT WONT CRASH?

Tue Oct 16, 09:29:00 AM EDT  
Anonymous Anonymous said...

Drysships, Inc. price target raised by Jefferies and Co. from $108 to $160.

That is the shit!

Tue Oct 16, 09:36:00 AM EDT  
Blogger beanie11111 said...

VMW is a good buy here at 96

Tue Oct 16, 09:39:00 AM EDT  
Blogger beanie11111 said...

I don't think they gonna let the market fall further with listening to Intel and Yahoo tonite. Get buying!

Tue Oct 16, 09:54:00 AM EDT  
Blogger Anon said...

Beanie - things seem weaker, no?

Tue Oct 16, 10:22:00 AM EDT  
Blogger beanie11111 said...

you should be buying (no margin please)

Tue Oct 16, 10:28:00 AM EDT  
Blogger beanie11111 said...

Keep on buying! No margin please!

Tue Oct 16, 10:32:00 AM EDT  
Blogger beanie11111 said...

We are more oversold than fruitcakes!

Tue Oct 16, 10:32:00 AM EDT  
Blogger beanie11111 said...

We either have to reverse or we Crash next monday. One or the other. Either way, you need to buy because we really year end. Just don't buy on margin and you shall be ok.

Tue Oct 16, 10:34:00 AM EDT  
Blogger beanie11111 said...

Times like these test your resolve and your ability to make money. The only fear is fear itself (and fear of a Crash if you're margined to the gills! Otherwise, everything is too cheap not to own).

Tue Oct 16, 10:36:00 AM EDT  
Blogger TV107 said...

wow DRYS took a big dump

upgrade suckered everyone in

way oversold in many sectors...
im hoping the lows are in for the day

i loaded up on yahoo...should run into earnings (probably wont hold much if any into earnings)

Tue Oct 16, 10:36:00 AM EDT  
Anonymous Anonymous said...

beanie,

what should we buy?

what do you think of RIO? thanks

Tue Oct 16, 10:40:00 AM EDT  
Anonymous Anonymous said...

STV STP TSL DRYS
All buys at this level today!

Tue Oct 16, 11:23:00 AM EDT  
Blogger beanie11111 said...

I love VMW.

So does Tobin Smith.

Tue Oct 16, 11:25:00 AM EDT  
Blogger beanie11111 said...

Tobin Smith says VMW is a 10-bagger!!!
----

Bulls And Bears Weekly Wrap Up



Five Stocks for the Next Five Years

It's the five-year anniversary of the current bull market, and the "Bulls & Bears" decided to celebrate with our picks of the five best stocks for the next five years. Hey, what better way to celebrate the present than to look toward the future?

Bob Froehlich of DWS Scudder joined us for this segment, and he says the answer to this question is simple, it's all about China. Bob says China is where the growth is going to be in the next five years, and that means you'll want to own a bellwether Chinese stock like China Mobile Limited (CHL).

Gary B. thinks tech will lead the economy during the next few years, and he says the best way to take advantage of tech is via the Nasdaq 100 (QQQQ) exchange-traded fund. Gary says this index, unlike the Dow or S&P 500 (SPX), still has room to double in the next half-decade.

Pat Dorsey's pick is insurance company Progressive (PGR). He says this company is the lowest cost producer of insurance, and they have the best service. And at 10-times earnings, Pat argues that now is the time to buy PGR.

Scott's pick for the next five years is power optimization firm EnerNOC (ENOC). His theory is that our existing power grid is running down, and that means companies like EnerNOC will be key to making sure we get the most out of our power infrastructure.

My favorite pick for the next five years is virtualization software firm VMware (VMW). Five years is a long time, and you want to own a company that is going to grow big in those years. I think that this company will be 10-times larger during the next five years. Bank on it!

Tue Oct 16, 11:30:00 AM EDT  
Blogger beanie11111 said...

If they want to crash this market, they probably need Intel tonite to lead the way.

Tue Oct 16, 12:09:00 PM EDT  
Anonymous Anonymous said...

gosu said...

Sold more SEED over $14 in AH's and taking my 40% off the table. Also started adding QID today.

Remember what Barnard Baruch said back in 1929..."When your barber starts giving you stock tips it's time to exit the stock market.
Thu Oct 11, 12:18:00 AM EDT

Who's your daddy! I called the beginning of the "Gosu Rally" and now the end of it!

Thu Oct 11, 09:31:00 PM EDT


You really nailed this market spot-on buddy!! Jesse Livermore has nothing on you... :)

Tue Oct 16, 12:34:00 PM EDT  
Anonymous Anonymous said...

What do you think of this week chinese IPO: NOAH EDUCATION HOLDINGS (NED) ?

http://seekingalpha.com/article/49824-this-week-s-ipos-dupont-fabros-technology-maxcom-telecommunications-noah-education-holdings-rodman-renshaw-capital-group-soundbite-communications-trans1-inc

Tue Oct 16, 12:36:00 PM EDT  
Blogger beanie11111 said...

Go VMW go!!

Tue Oct 16, 12:49:00 PM EDT  
Anonymous Anonymous said...

ted,

Please stop with the ass kissing.

I don't think now is the time to be out of the market.

Market will be higher by year end.

Corrections are healthy and it is a correction to buy, not exit the market.

Tue Oct 16, 01:34:00 PM EDT  
Blogger zstock7.com said...

GDX OIH short paying off, from yesterday, XLE, finally coming down too!!!

Tue Oct 16, 01:44:00 PM EDT  
Blogger beanie11111 said...

Solars are still very strong. Can't push it down.

Tue Oct 16, 01:48:00 PM EDT  
Blogger zstock7.com said...

I told him to hold his MA OCT 155 PUTS, it went down to 0.25, now it’s up to 2.40

Tue Oct 16, 01:49:00 PM EDT  
Blogger beanie11111 said...

Every dip in FSLR is a good opportunity to buy. It's been forming a base aroun 130-140 for awhile now. It should fly in November, if not sooner.

Tue Oct 16, 01:50:00 PM EDT  
Blogger beanie11111 said...

Wow, is Tobin 'Santa Claus' Tobin saying VMW to $1,000? That's the bravest call i've ever seen.

Tue Oct 16, 01:52:00 PM EDT  
Blogger zstock7.com said...

JCP under $60, just like i said $3 ago
zee

Tue Oct 16, 02:04:00 PM EDT  
Blogger TV107 said...

tough day to trade
doing well because of that NILE reversal
sold out at 84

also caught LDK and HAR on the news early

drys just killed all the longs
good i didnt play it long over 120

Tue Oct 16, 02:41:00 PM EDT  
Blogger vonpinscher said...

beanie is right on again -- i bought in VMW at 97 had to use margin since i already had it at a higher price and am totally invested -- so i will sell today and make some bucks!! or maybe i won't!!!

Tue Oct 16, 02:54:00 PM EDT  
Blogger beanie11111 said...

congrats richard.

The wifey will spend it for ya! lol

Tue Oct 16, 02:59:00 PM EDT  
Blogger joerawr said...

sold half my emc and swapped into VMW. i used to get Tobin's ChangeWave newsletter... he's alright, gets some right, but Navellier is better.

Tue Oct 16, 03:03:00 PM EDT  
Blogger zstock7.com said...

This comment has been removed by the author.

Tue Oct 16, 03:47:00 PM EDT  
Blogger zstock7.com said...

APA
target $100 80% sure
XOM, $102 50/50

Tue Oct 16, 03:48:00 PM EDT  
Blogger zstock7.com said...

so beannie you were right about APA, just one cycle too early on your prediction..
zee

Tue Oct 16, 03:50:00 PM EDT  
Blogger zstock7.com said...

SHORT UPL NOW
failed double top, 95% in my favor
zee
no eps at all to break above double top

Tue Oct 16, 03:51:00 PM EDT  
Blogger beanie11111 said...

VMW is a good overnite daytrading buy at the low 99.

Tue Oct 16, 03:57:00 PM EDT  
Blogger beanie11111 said...

Have a great day and i'll see ya tomorrow!

Tue Oct 16, 04:03:00 PM EDT  
Blogger jet said...

Anyone picked up the GBT bottom? way to go

Tue Oct 16, 04:07:00 PM EDT  
Blogger beanie11111 said...

Thank you INTEL!!!

Tue Oct 16, 04:27:00 PM EDT  
Anonymous Anonymous said...

STP SPWR FSLR

All these are moving in AH actions! Something up?

Tue Oct 16, 04:27:00 PM EDT  
Blogger beanie11111 said...

Thank you YHOO!


Our overnite daytrade VMW is rockin!

Tue Oct 16, 04:36:00 PM EDT  
Blogger TV107 said...

IM A SERIOUS MORON

I HELD YAHOO EARNINGS INTO THE CALL
something i rarely do

BUT STUPIDLY SOLD OUT LOW 28

peter narjarian said 10%

why didnt i wait one more minute

u idiot

Tue Oct 16, 04:41:00 PM EDT  
Blogger Unknown said...

anyone use zecco?

10 free trade/mo and 4.50 after that.
not bad.
4.50 +50cents for options

Tue Oct 16, 04:42:00 PM EDT  
Blogger zstock7.com said...

INTC up, and IBM down, AH
just like i thought
zee

Tue Oct 16, 04:44:00 PM EDT  
Blogger zstock7.com said...

I'm getting pretty good at figuring out ways to figure out target prices.
LIKE APA
07/08 eps 7.30 / 8.30
that's 13% year to year growth
so take the last high
= 89 and add 13%, and i get $100
so well see if this works, next few days
zee

Tue Oct 16, 04:52:00 PM EDT  
Blogger vonpinscher said...

beanie -- so glad i kept the VMW i bought with margin!

Tue Oct 16, 05:11:00 PM EDT  
Anonymous Anonymous said...

should i buy KO before earnings tomorrow morning?

Tue Oct 16, 05:13:00 PM EDT  
Anonymous Anonymous said...

TV,

Making money is making money. I own GOOG 550 call and sold it when GOOG hit 575 last month. Talk about stupid.

It's all good. Preserve capital and live to trade another day.

Tue Oct 16, 05:19:00 PM EDT  
Blogger vonpinscher said...

i think i might start trading in after hours -- looks like after hours are better than hours --!!!

Tue Oct 16, 05:28:00 PM EDT  
Anonymous Anonymous said...

Anyone else here in OVTI? I just got in today while iv is still low and stock is making new highs. Earnings growth is supposed to be massive yoy going forward. They make cameras for cell phohes/laptops/etc...

"Analysts expect OmniVision's earnings to rise 50% this quarter over the same quarter a year ago, to 42 cents a share. Earnings should rise 105% and 467% for the next two quarters, respectively."

http://money.cnn.com/news/newsfeeds/articles/newstex/IBD-0001-20210926.htm

This could have a monster run into earnings on Nov 26.

Tue Oct 16, 06:13:00 PM EDT  
Anonymous Anonymous said...

zecco is awesome!

I get 40 trades/mo until next year.

They just recently changed it to 10 trades a month. I knew it was too good to be true.

Tue Oct 16, 06:15:00 PM EDT  
Anonymous Anonymous said...

zecco does not have AH trading

Tue Oct 16, 06:16:00 PM EDT  
Blogger Unknown said...

TV107,
How is your experiance with Just2trade?

Zecco - I am thinking to open the account there and do it like foliofn/sharebuilder.

oozze

Tue Oct 16, 06:45:00 PM EDT  
Blogger TV107 said...

i never had an account with just2trade

sharebuilder seems to have a high rate
foliofn is more reasonably priced

i know foliofn works with Omnitrader...which is an excellent automated trading program (although i dont currently use it ... in the future i will)

cool-trade has a deal with ameritrade izone that if you sign up for a membership with www.cool-trade.com, ($40 a month), you can get Freetrade.com (extinct) super cheap like prices for trades on Ameritrade Izone...look into that

i dont use any of the pertrade brokers anymore cause I don't trade stocks under $5 anymore


short a little RIMM overnite...will probably cover in the premarket

Tue Oct 16, 06:55:00 PM EDT  
Anonymous Anonymous said...

KO before earnings?

I saw...

OCT 60c buyer 7,000 for .20...

which is $140,000 bet to the upside.

Tue Oct 16, 06:57:00 PM EDT  
Blogger beanie11111 said...

If you made money today on VMW after i bugged ya to buy it, then please do me a favor and vote (again!) at the www.bloggerschoiceawards.com

I said i get as many people to vote for TG as possible by Friday. So i wanna finish what i started.

Tue Oct 16, 07:37:00 PM EDT  
Blogger jet said...

Yes voted...

Tue Oct 16, 08:10:00 PM EDT  
Blogger vonpinscher said...

beanie voted two more for you!

Tue Oct 16, 08:45:00 PM EDT  
Anonymous Anonymous said...

So much for that correction and I wanted one too.

Let's hope Bernie takes the market up with lower interest rates.

Tue Oct 16, 08:54:00 PM EDT  
Anonymous Anonymous said...

Any opinions on OVTI?

Tue Oct 16, 09:03:00 PM EDT  
Anonymous Anonymous said...

Eat my shit, Beanie. Suck a dick you faggot.

Tue Oct 16, 09:52:00 PM EDT  
Blogger vonpinscher said...

beanie that is i voted for TD -- now 4 times
looks like the a****** is back with foul comments!!!

Tue Oct 16, 10:30:00 PM EDT  
Blogger vonpinscher said...

anom ovti looks good to me i would buy them at any time on a dip before earnings in november -- especially with intel going great guns!

Tue Oct 16, 11:17:00 PM EDT  
Blogger vonpinscher said...

i guess tomorrow is time for beanie to back up 9 trucks!!

Tue Oct 16, 11:18:00 PM EDT  
Blogger vonpinscher said...

maybe the smart foul mouth is slope the dope????

Tue Oct 16, 11:22:00 PM EDT  
Anonymous Anonymous said...

Suck my dick Richard Faggot.

Wed Oct 17, 12:09:00 AM EDT  
Anonymous Anonymous said...

Fuckin' aye Beanie. I told you to spit out my pubes before licking my asshole. It tickles down there.

Silly faggot.

Wed Oct 17, 12:19:00 AM EDT  
Blogger vonpinscher said...

slopethedope go AWAY we don't need or want you here PLEASE

Wed Oct 17, 12:36:00 AM EDT  
Blogger vonpinscher said...

the 9 trucks are needed to collect the new found cash tomorrow -- VMW
YES

Wed Oct 17, 01:13:00 AM EDT  
Anonymous Anonymous said...

JPM beat, MO beat, YHOO beat, INTC beat. Come on KO...

We will be partying today baby!

Wed Oct 17, 07:07:00 AM EDT  
Anonymous Anonymous said...

KO beat. Start a new thread Beanie.

Wake up folks today nasdaq +50

Wed Oct 17, 07:12:00 AM EDT  
Anonymous Anonymous said...

AAPL up 10 points today

Wed Oct 17, 07:41:00 AM EDT  
Blogger Unknown said...

To Beanie and all of us here,

Do you know the IPO date for Alibaba.com?
Will Alibaba.com fly right after the IPO like VMW?
Should we prepare to jump on Alibaba.com train quickly?

Thanks and good luck everyone,
Austin.

Wed Oct 17, 07:52:00 AM EDT  
Anonymous Anonymous said...

LMAO !!

Wed Oct 17, 07:57:00 AM EDT  
Anonymous Anonymous said...

When Alibaba IPO I will back up 9 18-wheeler.

Wed Oct 17, 07:59:00 AM EDT  
Blogger beanie11111 said...

austin,

I thought Alibaba will ipo only in the Hong Kong Exchange?
http://www.ft.com/cms/s/1/490fac1a-7af6-11dc-8c53-0000779fd2ac,dwp_uuid=e8477cc4-c820-11db-b0dc-000b5df10621.html

But yes, it's a buy buy buy!

Wed Oct 17, 08:06:00 AM EDT  
Anonymous Anonymous said...

Zecco trading, shitty customer service, no after hours trading, poor platform, 5-6 days for ach transfers, wait 3 days for settlements on sells in IRA, reneged on 40 free trades, 10% margin rates. Stay away.

Wed Oct 17, 09:02:00 AM EDT  

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