Market opens in 30 minutes, WHO'S IN?

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • buztah
    SBR Hall of Famer
    • 03-23-07
    • 7470

    #36
    Double down FAS 73.20s here. Betting on a lil pop tomorrow morning in reaction to today's selling. Be wevy wevy kareful if you play along!
    Comment
    • buztah
      SBR Hall of Famer
      • 03-23-07
      • 7470

      #37
      In AAPL 180.90s!
      Comment
      • Shafted69
        SBR Hall of Famer
        • 07-04-08
        • 6412

        #38
        FAZ is cheaper. October Correction Hedge play.
        Comment
        • tatommack
          SBR MVP
          • 10-10-08
          • 4171

          #39
          i only play penny stocks my biggest hit was CTIC from .06 to 2.20 im holding

          ASFX, BIEL, HTDS, CBAI, IGNT atm
          Comment
          • RageWizard
            SBR MVP
            • 09-01-06
            • 3008

            #40
            Originally posted by buztah
            Rage, the guys on CNBC look really bummed out today. Poor bastidz!
            They are always cheerleading for people to buy.

            Watch for the Job numbers tomorrow. If they suck, you can expect a pullback all the way to the 50 day moving average. I'm staying short XLF, FAS, and DAN. If we get a rally tommorrow, I will be looking at the daily 15 minute chart to see if the stock can make a Higher high in relations with the stochastics. If they can't I will add to my positions in anticipation of another downward swing.

            Christ I love shorting stocks. It is so much more fun to catch a good short play than a long play because they move so quickly, and then when you cover, you can usually pick up a nice pop to the long side afterwards.

            Good luck everyone.
            Comment
            • Shafted69
              SBR Hall of Famer
              • 07-04-08
              • 6412

              #41
              Originally posted by RageWizard
              They are always cheerleading for people to buy.

              Watch for the Job numbers tomorrow. If they suck, you can expect a pullback all the way to the 50 day moving average. I'm staying short XLF, FAS, and DAN. If we get a rally tommorrow, I will be looking at the daily 15 minute chart to see if the stock can make a Higher high in relations with the stochastics. If they can't I will add to my positions in anticipation of another downward swing.

              Christ I love shorting stocks. It is so much more fun to catch a good short play than a long play because they move so quickly, and then when you cover, you can usually pick up a nice pop to the long side afterwards.

              Good luck everyone.
              Actually CNBC has been calling for a correction, especially ART CASHIN, since JUNE. The commentators who are on during the market hours tend to lean to the bearish side. The guests, however, lean to the bullish side.
              Comment
              • buztah
                SBR Hall of Famer
                • 03-23-07
                • 7470

                #42
                Originally posted by Shafted69
                FAZ is cheaper. October Correction Hedge play.
                Totally agree, shafty, and I intend to get back into FAZ once I'm done with the open FAS trade. I am just betting short term (as in tomorrow) that FAS sees a bounce up, along with other fins, so that the good ole boys can short the bloody hell out of this pig market from a higher pps. Just seems too easy to expect a strong sell off in the morning, a Friday, after everyone seems to be calling for it. Seems too predictable. I have a gut feeling there'll be some puffed up data in the morning to create a lil pop in the A.M.

                No one knows for certain and we'd all be rich if we could trade in hindsight. I'm speculating FAS hits 76 or so manana. Place your bets and trade wisely, gents.


                BTW, cashin is the only guy on CNBC I like. Faber n the rest of em can blow me. Cashin is sooper! http://www.camchaney.com/SuperFuzz.html
                Comment
                • buztah
                  SBR Hall of Famer
                  • 03-23-07
                  • 7470

                  #43
                  Rage, killed both the FAS and AAPL trades here and brought a 21k profit for the week down to 16k but those are the breaks. I shoulda just sat on FAZ since the buy in the 19s but unfortuantely I've no crystal ball. Grats on the short! I'm gonna quit this week while I'm still ahead. This was the most profitable week I've had since spring (March/April) but the coulda woulda shoulda with FAZ is ruining it. LOL!

                  Time for breffas. Have fun
                  Comment
                  • buztah
                    SBR Hall of Famer
                    • 03-23-07
                    • 7470

                    #44
                    Rage et al, have a great trading week. All cash at the open here. Let's have a good one, boyz!
                    Comment
                    • RageWizard
                      SBR MVP
                      • 09-01-06
                      • 3008

                      #45
                      Watch out going long on anything for the next couple of days and keep tight stops. Goldman will sack you just upgraded the banks to a strong buy, that means you use the ensuing rally to get the hell out of the banks. Charts will tell you the same. The price is going up and the volume is coming down. Time to leave. I'm still short XLF and DAN for the long term (3 months at least), but today was an easy day to predict and people are taking profits from shorting. I did make a couple of swing trades with XLF and DAN by going long. I know going long and short doesn't net you anything. If you look at it, you have to account for the time frame to justify the plays, then it all comes together.

                      Anyway, watch out for falling bank stocks in the near future. The next month will be interesting to see if the bank stocks can continue to be supported while not having any earnings other than some fake book keeping like they have been doing the last 2 quarters. I think not, the P/E ratios are telling me that won't happen and today's upgrade practically confirms it.
                      Comment
                      • buztah
                        SBR Hall of Famer
                        • 03-23-07
                        • 7470

                        #46
                        Rage, I'm all cash at the moment. No trades today at all. I only put my money at risk when I know what the market is doing. Sometimes i only trade a few days a month. The goal is to make money, not to have action. I am well aware of Goldman's shenanigans. Believe me. Let us keep a close eye on the signs and a cool head. Take care, friend.
                        Comment
                        • Shafted69
                          SBR Hall of Famer
                          • 07-04-08
                          • 6412

                          #47
                          Goldman upgrade is a KISS OF DEATH? What do they know that others don't?
                          Comment
                          • RageWizard
                            SBR MVP
                            • 09-01-06
                            • 3008

                            #48
                            Well I'm a total degenerate. I have long term positions, swing trades, and day trades sometimes all three on the same stock and sometimes in both long and short at the same time. I have hedge plays, speculative plays, you name it. But I always have stops to get me out if any one position moves against me more than I would like to lose. In reality I probably lose on every 3 out of 5 positiions, but I keep the losses to a minumum and let the winners run.
                            The funny thing is that stock market players are bigger degenerates that sports betting players, but they let stock market stuff go and call that investing, and sports investing players are call degenerate gamblers who must be stopped from hurting themselves.
                            Comment
                            • RageWizard
                              SBR MVP
                              • 09-01-06
                              • 3008

                              #49
                              Originally posted by Shafted69
                              Goldman upgrade is a KISS OF DEATH? What do they know that others don't?

                              The same thing they always know. They are getting ready to pull out, so they give the stocks a strong buy to get the suckers in so they can get out. It works the other way as well. They will wait until a stock has sold off quite a bit, then they will issue a strong sell recommendation so the suckers will sell and let them buy their way in. Anything that Golman does should be looked at as totally bogus and rigged.
                              Comment
                              • Shafted69
                                SBR Hall of Famer
                                • 07-04-08
                                • 6412

                                #50
                                Originally posted by RageWizard
                                The same thing they always know. They are getting ready to pull out, so they give the stocks a strong buy to get the suckers in so they can get out. It works the other way as well. They will wait until a stock has sold off quite a bit, then they will issue a strong sell recommendation so the suckers will sell and let them buy their way in. Anything that Golman does should be looked at as totally bogus and rigged.
                                You're absolutely correct. Cramer, a former GS crook, downgraded Citibank to SELL after it dropped from 4 to 2.50 in early JULY. Then after it had moved up to near $4 again a few weeks later, he did a 360 and called a PATRIOTIC BUY.

                                A correction for the markets is long over due. GOLD DUNG is always ahead of the game.
                                Comment
                                • buztah
                                  SBR Hall of Famer
                                  • 03-23-07
                                  • 7470

                                  #51
                                  Goldman does this to let its clients out or in earlier than the rest of the crowd imo. They are scum.
                                  Comment
                                  • buztah
                                    SBR Hall of Famer
                                    • 03-23-07
                                    • 7470

                                    #52
                                    Originally posted by RageWizard
                                    The same thing they always know. They are getting ready to pull out, so they give the stocks a strong buy to get the suckers in so they can get out. It works the other way as well. They will wait until a stock has sold off quite a bit, then they will issue a strong sell recommendation so the suckers will sell and let them buy their way in. Anything that Golman does should be looked at as totally bogus and rigged.
                                    Look at the charts of many of the financials since march. They have either just peaked or are already well on their way down the other side of the mountain. Anyone buying financials for the longterm at current prices is frigin nuts.
                                    Comment
                                    • buztah
                                      SBR Hall of Famer
                                      • 03-23-07
                                      • 7470

                                      #53
                                      Originally posted by Shafted69
                                      You're absolutely correct. Cramer, a former GS crook, downgraded Citibank to SELL after it dropped from 4 to 2.50 in early JULY. Then after it had moved up to near $4 again a few weeks later, he did a 360 and called a PATRIOTIC BUY.

                                      A correction for the markets is long over due. GOLD DUNG is always ahead of the game.
                                      Cramer is a phucking azz clown! CNBC ought to be ashamed to have him on the air. Just awful!
                                      Comment
                                      • buztah
                                        SBR Hall of Famer
                                        • 03-23-07
                                        • 7470

                                        #54
                                        In FAZ for a quick trade at 20.19 pps. Should swing the other way now that we are at 10 am and the financials had an explosive opening. Time for a lil profit taking in financials, which should help FAZ tick up a few notches here.
                                        Comment
                                        • buztah
                                          SBR Hall of Famer
                                          • 03-23-07
                                          • 7470

                                          #55
                                          Out FAZ 20.27 pps. Tough way to make a few bucks, Rage. LOL! Back to cash.
                                          Comment
                                          • Shafted69
                                            SBR Hall of Famer
                                            • 07-04-08
                                            • 6412

                                            #56
                                            If market doesn't correct in OCTOBER its looking more like a V shaped recovery.
                                            Comment
                                            • buztah
                                              SBR Hall of Famer
                                              • 03-23-07
                                              • 7470

                                              #57
                                              Shafty, I can't fully understand what's happening. The charts and valuations say this has to pull back but if GS and CNBC pump pump pump and the feds say the right buzz words the market could just laugh at us realists and keep on going. Got to be very nimble on the day trades till the next swine flu/news type play. Good luck!
                                              Comment
                                              • buztah
                                                SBR Hall of Famer
                                                • 03-23-07
                                                • 7470

                                                #58
                                                Back in FAZ 20.02s and .03s here.
                                                Comment
                                                • Shafted69
                                                  SBR Hall of Famer
                                                  • 07-04-08
                                                  • 6412

                                                  #59
                                                  I have a feeling Goldman Sachs got the heads up on the initial jobless claims tomorrow. It will probably be positive for the markets. That's why we've had a 2 day rally already & then they will dump on the news tomorrow?
                                                  Comment
                                                  • buztah
                                                    SBR Hall of Famer
                                                    • 03-23-07
                                                    • 7470

                                                    #60
                                                    Shafty, the untold wealth you could build if you were in the know.........
                                                    Comment
                                                    • buztah
                                                      SBR Hall of Famer
                                                      • 03-23-07
                                                      • 7470

                                                      #61
                                                      Out FAZ 20.11s and 12s here. Stick n move!
                                                      Comment
                                                      • Shafted69
                                                        SBR Hall of Famer
                                                        • 07-04-08
                                                        • 6412

                                                        #62
                                                        Earnings Reports for this coming week OCT 12-16

                                                        Mon - SCHW
                                                        Tues - INTC
                                                        Wednesday - JPM, GOOG
                                                        Thurs - C, GS

                                                        3rd Q GDP Growth Expected to be 2-3%
                                                        Comment
                                                        • Shafted69
                                                          SBR Hall of Famer
                                                          • 07-04-08
                                                          • 6412

                                                          #63
                                                          If 1050 S&P doesn't hold, we're heading back to 950 S&P then back to 1050 by year's end.
                                                          Comment
                                                          • RageWizard
                                                            SBR MVP
                                                            • 09-01-06
                                                            • 3008

                                                            #64
                                                            The market shot up the last couple of days because the dollar has been going down. Check it out on a chart of UUP, which is the dollar, then check out the DIA chart. They basically are the reverse of one another. The fed and treasury secretary had Goldman Sachs drop the dollar to give the market a boost right before earnings season. That way when it pulls back, it will be from a higher level. I expect sometime soon, they will move the dollar back up because gold has gotten too high, and there is allot of talk about changing out of the dollar as the currency for oil, and other commodities, as well as talk of countries getting ready to dump securities.
                                                            Comment
                                                            • buztah
                                                              SBR Hall of Famer
                                                              • 03-23-07
                                                              • 7470

                                                              #65
                                                              Gotta love how the banks are all startin' to upgrade one another now. What a riot! You do me then I'll do you, Bob. Should be an interesting day.
                                                              Comment
                                                              • TJMAXX
                                                                SBR Rookie
                                                                • 05-22-09
                                                                • 19

                                                                #66
                                                                There is no way this rally holds.
                                                                Comment
                                                                • buztah
                                                                  SBR Hall of Famer
                                                                  • 03-23-07
                                                                  • 7470

                                                                  #67
                                                                  Rage, SLW might be a decent short play for a point or two here, based purely on the long upper shadow of yesterday's candle and if your theory holds true. I'm not a short side player. Too much risk for my taste but I mention it for your due diligence here. Currently at about 14. Technically, could pull back to 12-13 short term.

                                                                  All cash atm............
                                                                  Comment
                                                                  • buztah
                                                                    SBR Hall of Famer
                                                                    • 03-23-07
                                                                    • 7470

                                                                    #68
                                                                    Ragey, further to this, 14 looks like like strong resistance, looking at a 3 year chart when I draw the lines. Once again, not advice here. I lost too much shorting as a rookie and now only bet against the market via vehicles such as FAZ at times. Good luck.
                                                                    Comment
                                                                    • buztah
                                                                      SBR Hall of Famer
                                                                      • 03-23-07
                                                                      • 7470

                                                                      #69
                                                                      In ALY 4.50-55 on a possible cup n handle breakout here.
                                                                      Comment
                                                                      • buztah
                                                                        SBR Hall of Famer
                                                                        • 03-23-07
                                                                        • 7470

                                                                        #70
                                                                        Doubled ALY position as it dipped back to 4.50-.55 pps here. If we get a confirmed breakout the next price target/resistance is 6 bucks. I will re-evaluate at cob. Stop loss is at 4.31 here. Love the chart.
                                                                        Comment
                                                                        SBR Contests
                                                                        Collapse
                                                                        Top-Rated US Sportsbooks
                                                                        Collapse
                                                                        Working...