Red Alert! We will be handing the ball back to the bears
for a few days to a few weeks.
The bears have been pillaged for god knows how long now. They need a reprieve to get back in the game.
Expect continued shorting and profit taking.
Reduce margin and buy stocks when they become bargains.
s
The bears have been pillaged for god knows how long now. They need a reprieve to get back in the game.
Expect continued shorting and profit taking.
Reduce margin and buy stocks when they become bargains.
s
posted by beanie11111 | 12:04 AM
92 Comments:
I'll Captain.
Gave away some profit today, but will leave the field to bears, until get the bear party is over. Hope BIDU and Co. blow out the earnings, and we may see things back to Partying. Thanks Beanie for blogging and sharing.
gosu 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!
Gosu, go back and you'll see I was the first one here to recommend loading up on QID. 4000 shares to be exact.
So.......
Who's your granddaddy!
ROFL!!
Catcher
Even though China, tech and big solars were smacked, YGE was very strong. Something may be cooking. Keep it on your watchlist, along with STP. A blow out earning in any chinese solar will shoot these puppies to moon.
I will be buying on any gap downs tomorrow, but will be nimble about it.
I am still over 75% equity.
The rest i'll be daytrading/swingtrading.
Year end, we will end higher.
Every big down days like today, i recommend you accumulate a little bit of stock.
ft,
Solars will be very hot. Very.
Buy on all dips regardless of general market condition.
You'll be glad you did.
Beanie,
Solar as in TSSP?
I wouldn't be shorting yet, all dips are buying opportunities. If you hold strong stocks in strong sectors, do not sell them! There is no sign of a sector rotation yet.
BA gets to RSI 30.99 i'm in..
Sorry folks, i don't know any other buy signals for BA. NOV 90 or 100 calls
(sometimes the simplist is the best)...
VIX goes very much over 19.26 = 100 day and its all over for the longs...
DOW would have to drop 50 to 75 for vix to break 19.26, in my estimation...
dow futures at 12:30 PST is down 40, stocks coming in gapped down..
Solars like STP & YGE withstood the plunge yesterday. STP is looking really strong since testing its 50day ma on ldk news.Looking for STP to move up into earnings.
What everyones thoughts on STV now? Will BIDU pull all the china stocks down for awhile? Excluding solars! I dont consider them china they are global in my mind.
Just checking in....
This pullback so normal, way ahead of all normal trendlines.
BIDU 161 to 340 plus in what, a few months!!! This and so many others, like no one would not be booking some profit!
CML... stay in it, 6.9M is micro thin float!
Market could pullback into that Oct 17th turndate, not an exact date but makes sense......after that we assume our parabolic Oct into March run.
Keep that in mind. Once I have better data will update my Short Term indicators.
If there is one thing that bothers me it is Dow Theory, the Utilities and the Transports have not made new highs like the Dow. Do not like that one bit. And Transports tried this week to break a very, very important technical level at 5002 and failed on three trys at it. Not good at all.
Make what you can and if you have profits - no worries. Market is here everyday with new opportunities, forget the past and look for the new ones going forward.
West
Consider the possibility that we could end higher today, setting the stage for a rally next week. Yesterday the bear thru everything at us out of desperation. There was even a rumor of a bombing in the West Coast. That might have actually help triggered alot of selling. If that was a major reason, then expect a rally today for sure.
buying VMW around 100 looks great this morning
The bears dropped the ax on us yesterday - Inflation concerns, BIDU downgrade, West Coast bombing.
They couldn't have picked a better day, for next friday (the Monday after, actually) is the 20th year anniversary of the 1987 Crash.
dumped shares at 104....if PPI comes out hot, all this tech pump will reverse
vmw got a $150 upgrade i rebought make for a trade
it was a typo by newswire 105.....
interesting PPI numbers didnt move market
looks like a probable negative close
VMW upgraded to 105 and the stock is trading at 105.
WTF!
NILE got a downgrade but its really down hard
i think its a buy if there is morning momo in the markets
Remember Aug 16?
If you had the balls to buy then, you are sitting on huge profit.
Fortune8
If you remember August 16 reversal came after an extended correction , yesterdays was after a extended rally !!!!
If VMW comes in at 95 this morning, i want you folks to back up the truck!
And the rally has been strong since then.
It is not unusual to get a little correction (pullback) which would be healthy.
I am saying, buy the correction.
DO NOT BUY THE OPEN GAPS!
They are up on little volume .Wait for another downturn today or monday to buy.
CML 60M chart has 29.16 overhead.
Too early to call to much in technicals.
What I am saying, Morgan offering, red hot tech play, low float - 6.9 is thin.
Me - have a core and letting it run, and actually want more, will add if I get the chance much lower. Willing to take a little risk and not get traded out of this one.
Yes there are risks as Beanie mentioned, maybe they came a bit early to the IPO window but sticking with this one.
West
Short BEAS!!!
Oracle makes bid for BEA Systems
So you don't think ORCL will buy them?
But only for $17/share for the offer
PRICE TARGETS within year end!
STP $56
STV $72
SILVER BULLION $18 OZ
The 3 S's will rock your world!
PRICE TARGETS within year end!
STP $56
STV $72
SILVER BULLION $18 OZ
The 3 S's will rock your world!
CML - Added 19.93 Was the year I got married LOL!
Sue
HIHO
Level2 is paper thin below $7! Volume still under 100K right now, but with just a little bit of pressure this will take off just like yesterday!
From $6.5->$7->$8->$9->$10 in very little time. I'm in at 6.7
get on the train before it pulls away!
Nice nice market.
What a great sale at VMW today.
If only Timmy let me back in his blog. lol
www.slopeofhope.com
STV:
sweet jesus, only the brave make big bucks
FSLR is a great buy.
STV should make new highs soon
My initial buy on STV was $50.70, last night it got blasted and my initial reaction was to sell when it hit 44, but instead I doubled down, and then again at 42. Might have been stupid but its panning out today.
Beanie,
Do you discard your Red ALert ?
Do you now think now markets are headed higher ?
What's up with the ABAT/GBT?
VMW could still see 95 (200dayMA). I hope it gets there.
dimitry,
no i am not discarding my red alert just yet.
This may just be a deadcat bounce.
Beanie,
What is ur comments on GBT. Is it still a long term stock.
Adding back to my QID in case we reverse again end of day....
Feeling that reversal itch here.....
Catcher
What happened to LDK?
LDK Solar ex-Controller emails data that supports his allegations against firm-DJ
Dow Jones is citing the Wall Street Journal.
aymon
Beanie,
Buy more GBT or dump?
hey beannie
i leave a comment once a week at TK's
that your comment section is making 40% 50% and 200% / yearly returns,
and then leave your blog address
in fact i do this at every smart blog I visit.
http://beanie11111.blogspot.com/
ZEE
NTRI, if you have NOV 30 calls, i’d hold on to at least 1 or 2 contracts, and wait for NTRI to get to It’s 50 day.
( it’s possible) ..= 44 – 46...making the contract worth $900 to $1400...
i have a 2 month target price of $45 to $51 for NTRI..
07/08 eps 3.08/3.38
x [13% ( year to year growth)] = $39...
x [17 % ( past P/E)] = $51
Zee
Are everybody out of TSSP - our onlyhope to buy a new house in USA sometime for just $300 ? LOL
How comes it is going lower and lower?
Thanks for GBT. It's a bow wow.
I might add CML to that list of bow wows.
SNDK buy now.200 day = 46.7, it should bounce right off it’s 200 day ...
SNDK at 47 now = 2 bottom support
Buy the NOV 40 call sell when SNDK at 100 day = 51
Z,
Thanks for your picks. BA looks good, and SNDK as well.
By the way what is the reason that SNDK declined significantly recently? I did not follow it last several month.
Thanks
Ok folks, if we close this green, we'll rally next week.
You can pretty much cancel the red alert.
VIX play the NOV 16 to 19 calls...
they are all delta 30...which is expensive, but hey the word is out, VIX is a real money maker at 16.3 / 16.5
z-stock,
You are awesome! lol
I've been shut out of Tim's. Everytime he kicks me out, the market rallies hard. lol
I think this time is permanent. lol
So guys what do we do about LDK - should we consider this new story with e-mails important or what?
When I visited south China mainland and looked at the various companies that could potentially manufacture our instrument, I was really not sure if they were not fooling me on every step I took there - like they were showing me their facilities and I was not sure if those really belonged to them or to some other company. Worthy to mention that they had no idea what was "RF spectrum analyzer", pointing me to old fashioned scopes and even power supplies.
Beanie,
Tell us the truth:
ARE YOU THE "....One turd named SuperBull (now banned from here) "
on the Tim's blog ?
MEGA LOL !
People, do your research, ask questions.
Just don't buy the hype.
Watch out for pump and dump schemes.
hey Dimitry
SNDK, looks like normal pullback ahead of earnings OCT 18, should head higher going into the 18th
i feel sorry for anyone short bidu when jim cramer came on
this guy is the worst flip flopper ever
dimitry,
No i'm wasn't SuperBull, but i can be one.
Beanie,
Any numbers out on STV? Can't find any projections anywhere.
Are you picking the 100 number out of a hat?
I'm long on this one, so don't fail me!!!
Black Monday?
Wishful Thinking?
Our "last hope", TSSP, is going NORTH :)
COO = ACL, BOL,
Double tested 45, buy now...200 day = 50 sell at $50
next monday is merger monday
and this time i think it counts
zee
until VIX gets back to 16.3 its a buyers market, in my opinion
zee
VMW is a good buy for an overnite daytrade.
112.3
see saw,
STV is goin to 100.
That is my first target.
Michael Krause seems to agree as he indicated that STV is worth 80-100
Zee, spot on for Bidu support
Here’s STV revenue link
http://caps.fool.com/Blogs/ViewPost.aspx?bpid=18932&t=01007468826027738866
since i’m not patient enough to “analyze this”
but sounds like what ever the eps is..
multiply by (100 = earnings growth?)
and that should be the conservative stock price
so if EPS 07 is $1.00, then stock is $100...
Thanks Beanie, zstock for the STV link.
I guess since I'm big on value-based investing, my only other question would be: why isn'y NNDS (comp) higher? EPS is over $2 and the freakin growth rates are staggering!!
Seesaw
Hope TV107 isn't short BIIB. Merger Monday.
We go up! Yeah baby.
wow carl icahn's day
beas and biib
anyhow i scatter traded like 15 minutes every hour in the afternoon cause i had a monster early morning and wanted to take a break from all day trading
and dont trade BIIB cause i rarely if ever trade drug stocks (even on news cause they are so unpredictable)
Just curious, who do you use? I have been with AMTD for 10 years and lately been very disappointed.
Anyone else have any recommendation?
Any chartist out there? I think CROX will run next week. Am I reading it correctly?
ANON--
I just dumped AMTD, myself. I thought the quotes were slow and wasn't happy with the service. Switched to Etrade, they have their faults as well.
Now looking at Options Express, they've had some GREAT reviews in the past. We'll see.
October 12, 2007, 12:42 pm
VMware: Fidelity Buys 23.6% Of The Float
Posted by Eric Savitz
Fidelity Investments have been loading up on VMware (VMW) in aggressive fashion, no doubt providing some significant fuel to the recent astounding run.
In an SEC filing earlier this week, Fidelity disclosed that it holds 8,955,425 VMW shares, or about 11.184% of its Class A shares. But that percentage is hugely misleading, in two directions.
For one thing, it only reflects the Class A shares, and not the 300 million Class B shares held by EMC (EMC), which has an 86% stake in the company, and 98% voting control. But more importantly, Fidelity’s stake represents a much higher percentage of the free-trading shares.
EMC, according to regulatory filings, owns 26.5 million class A shares. Prior to the IPO, Intel (INTC) bought 9.5 million Class A shares at $23, and Cisco (CSCO) bought 6 million shares at $25. (Intel is sitting on a profit of $775 million on its investment, and Cisco has made $478 million on its stake, by the way.) But none of those shares are trading. What’s trading are the 37,950,000 shares issued in the IPO. So Fidelity, in short, has snared 23.6% of the float.
One other tidbit. According to the NYSE, short interest in VMW at Sept. 28 stood at 5,636,323 shares, which is 14.9% of the float; back out the Fidelity stake and the total jumps to 19% of the float. Ergo, you’ve got a thin stock getting thinner, with a relatively huge short interest position. It’s a recipe for volatility, and a stock trading at an astounding valuation.
The filing notes that 4.57 million shares of its stake are held by Fidelity Growth Fund.
Disclosure: I own Fidelity Growth in my Dow Jones 401(k).
=====
Makes sense as to why the stock ran up.
I own Fidelity Growth as well :)
This comment has been removed by the author.
http://www.just2trade.com is a $2.50 per trade broker with low margin rates but if you get $3-3.50 at izone, i'd rather you go with the bigger firm in amtd
read the reviews and forums on http://elitetrader.com for all the brokers
if you trade penny stocks and stocks under $10, you need a pertrade broker and ameritrade izone is the best imo
you can negotiate with them and probably get $3-4 not $5
but if you trade goog, ma, bidu, aapl, etc...you need to be with a pershare broker and although interactive brokers has good best rates, its platform is difficult and not userfriendly imo.
if you trade those high price stocks and u are a semiprofessional trade, you need the best platforms around and low rates - you need to be with a prop firm brokerage that has retail accounts like genesis securities or assent LLC or echotrade for the best rates
Well its not a merger, but it’ll do.....
BIIB, put itself up for sell, up $12 in AH.
Look for QQQQ, gapped up or catch up, Monday
And my ( sepT 30) IBB short target 86.6, well it’s just plain wrong now...
IBB=XLV=hottest Q3 sector, i believe those pundits now...
Zee
Does anyone see $70 for STV this week?
STV is just a box maker. No way it deserves that its current valuation.
Hello everyone,
I'm new to stock trading but I want to become a professional trader eventually. Can you please give me advices from your past experience on how to become a good trader? I'm willing to invest my time and money to learn from a trading school, but I'm very skeptical about the result of the course. If you attended a good school, please let me know about its cost.
Thank you very much.
-Tammy
"Anonymous said...
STV is just a box maker. No way it deserves that its current valuation.
Sat Oct 13, 01:43:00 PM EDT"
Arguably 'just a box maker.'
The big takeaway is that STV is a box maker IN CHINA :^)
A special thanks to TV107 and anon for answering my questions about brokerage.
Now let's talk stock. I am looking for AAPL and CROX to run this week.
Give me some trading ideas.
Thanks.
Gosu... your remark about lost opportunity in holding a bow wow stock when there are so many other strong set-ups to buy is a great reminder to all of us. Thanks...
Also... you provided valueable advice on the importance of watching volume in making trading/timing decisions.... something I never paid enough attention-to.
Thanks again for the education and for sharing your personal actions/advice.
Skylark
Gosu, if you have some time, can you share with us some of your thoughts on the technical outlook for the SEC (Shanghai Stock Exchange) and/or the FXI? It would be very helpful for us in terms of how we position for China plays IMHO. TIA.
Have a nice weekend,
Mike
Beanie,
Your call Thursday was pure genius.Closed out all positions Thursday.My analysis FWiW,says next stop on IXIC is 2500.Suggest you look at VSEA at 41/42 and hold thru !0/28/ earnings Target 55.What do you think?
Susan Matthews
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