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  • Boner_18
    SBR Hall of Famer
    • 08-24-08
    • 8301

    #491
    I agree rager. Doesn't seem to be able to break resistance at 1144-1150. What you think if it breaks that level (and closes) though, could run up to 1180 or even make a go at 1200.
    Comment
    • RageWizard
      SBR MVP
      • 09-01-06
      • 3008

      #492
      Yeah, it could run, but I'm guessing that it doesn't. I just don't see any volume in this market. I think we are in for a bird pattern. I also don't think the market will pull back all that far, maybe 5 %. I see a trading range here for a while until the healthcare stuff gets sorted out.
      Comment
      • itchypickle
        SBR Posting Legend
        • 11-05-09
        • 21452

        #493
        Originally posted by crownontheground
        Damn my client's .09 stock as of a few weeks ago broke through it's 52 week high of .32 yesterday and closed at .48 today. They just announced a national advertising campaign for their pain killer and it's now in Walgreens. Ticker: xcho.ob

        Pretty cool watching my client make $54k today; about $200k in past few weeks. Wish I had 600,000 shares =\
        Where do you work that allows you to put clients in securities under $1 ??
        Comment
        • RageWizard
          SBR MVP
          • 09-01-06
          • 3008

          #494
          What a boring week this was. I'm still wating for the market to break down. It is right at the level of breaking out, or breaking down, and nobody wants to buy or sell. It is like everyone is waiting to see.
          Comment
          • itchypickle
            SBR Posting Legend
            • 11-05-09
            • 21452

            #495
            Look for this next week to be flat or negative as well.
            Comment
            • RageWizard
              SBR MVP
              • 09-01-06
              • 3008

              #496
              It started to break down a little on Friday, so I stepped in with some very light shorts. The vix is so low right now, and the volume is so light, the only think working is the bank stocks, and that volume is obviously being tinkered with by the government. probably on the rumor of the U.S. getting ready to dump its shares in Citi. Even if it pulls back, I don't see much more than 5%, then a march back upto the 1150 area where will will do this all over again.
              Comment
              • itchypickle
                SBR Posting Legend
                • 11-05-09
                • 21452

                #497
                Agreed. The banks are worth watching for the next couple months. JPMorgan had some news too dealing with that Washington Mutual case. Citi also put out that huge goal for profits this week....see how it plays out.
                Comment
                • Boner_18
                  SBR Hall of Famer
                  • 08-24-08
                  • 8301

                  #498
                  This is agonizing. Gotta be ready on the trigger either way. Thinking about putting on rolling 1mo. short straddles or other non-directional strategies, collect some options premiums while we go nowhere.
                  Comment
                  • RageWizard
                    SBR MVP
                    • 09-01-06
                    • 3008

                    #499
                    It is like watching paint dry for the last couple of weeks. Maybe the FED will come out and say something stupid or atleast something that is a market mover, but I doubt it. This market will stay the same until the vote on Health care.

                    One of my very speculative stocks CAMH has moved nicely in the last couple of days, but it is a penny stock, and I don't have too many shares to catch wood on.
                    Comment
                    • Boner_18
                      SBR Hall of Famer
                      • 08-24-08
                      • 8301

                      #500
                      Yeah. Even if the fed raises the discount window rate another 1/4% like last time it should be a non-starter. In a sideways market gotta be a stock picker. I'm gonna put a small short straddle, maybe 500 contracts on each side, on SPY but not long dated as I am worried this thing could scream in either direction with a little catalyst.

                      Also, gonna put on a couple pair trades... I've been waiting to pair NKE on the long and UA on the short... Anyone have any other pairs?
                      Comment
                      • Dark Horse
                        SBR Posting Legend
                        • 12-14-05
                        • 13764

                        #501
                        Who is trading these days? Market is in coma (but negativity not allowed...).
                        Comment
                        • Facepunch
                          SBR MVP
                          • 11-17-09
                          • 2090

                          #502
                          Anyone here trade Forex??
                          Comment
                          • Boner_18
                            SBR Hall of Famer
                            • 08-24-08
                            • 8301

                            #503
                            I have dabbled in Micro Facepunch. The leverage is to high for me and I get killed overnight. I still make forex plays though etfs and foreign markets but they are more macro plays than anything.
                            Comment
                            • Facepunch
                              SBR MVP
                              • 11-17-09
                              • 2090

                              #504
                              Were you utilizing 10:1 or 100: 1 leverage.

                              It is great for when the market is not doing much.
                              Comment
                              • Shafted69
                                SBR Hall of Famer
                                • 07-04-08
                                • 6412

                                #505
                                This market is a super charged spring coil that is ready to break out to the high heavens. Choo ! Choo ! ALL ABOARD !!!!!!



















                                -
                                Comment
                                • yisman
                                  SBR Aristocracy
                                  • 09-01-08
                                  • 75682

                                  #506
                                  I own a few stocks. I lost like half what I had in the market in the crash and haven't checked back since. I don't plan on selling GE anytime soon, that's for sure.
                                  [quote=jjgold;5683305]I win again like usual
                                  [/quote]

                                  [quote=Whippit;7921056]miami won't lose a single eastern conference game through end of season[/quote]
                                  Comment
                                  • itchypickle
                                    SBR Posting Legend
                                    • 11-05-09
                                    • 21452

                                    #507
                                    Originally posted by yisman
                                    I own a few stocks. I lost like half what I had in the market in the crash and haven't checked back since. I don't plan on selling GE anytime soon, that's for sure.

                                    GE and Alcoa made me a nice amount in 2009. I'm still contemplating whether to stay or jump out of the Oil Services Industry (BHI) as a cornerstone of portfolio now.

                                    Might just get an early start on the May Exodus from the markets.
                                    Comment
                                    • buztah
                                      SBR Hall of Famer
                                      • 03-23-07
                                      • 7470

                                      #508
                                      Doubled CYCC position 2.43 final buy. Looking for above 3 sale.
                                      Comment
                                      • RageWizard
                                        SBR MVP
                                        • 09-01-06
                                        • 3008

                                        #509
                                        I have moved out of most of my positions either long or short. Right now I really only have small plays on short QQQQ, IWM, IBM and just today a real small amount of XLF. My long plays are even smaller than the shorts with a dog I'm waiting on called ENER, STP, and GE. I almost got out of GE when it ran up a couple of days ago and gave me the stop and get the eff out pattern, but since then it has been consolidating, and may have more legs. If the market springs down however, I will sell, all the longs in a heartbeat, and just add to the shorts while waiting for the SPY to sink to the 50 DMA before I look at longs again.
                                        Comment
                                        • Shafted69
                                          SBR Hall of Famer
                                          • 07-04-08
                                          • 6412

                                          #510
                                          Choo! Choo! Chugga! Chugga! Choo! Choo!

                                          Dow 11K

                                          Here We Come !!



















                                          -
                                          Comment
                                          • morocca
                                            SBR Sharp
                                            • 11-23-09
                                            • 283

                                            #511
                                            it's time for a correction
                                            Comment
                                            • Boner_18
                                              SBR Hall of Famer
                                              • 08-24-08
                                              • 8301

                                              #512
                                              Originally posted by Boner_18
                                              I'm gonna put a small short straddle, maybe 500 contracts on each side, on SPY

                                              Also, gonna put on a couple pair trades... I've been waiting to pair NKE on the long and UA on the short... Anyone have any other pairs?
                                              Made a whopping $380 selling those Ks. Got in NKE around 70.50 and UA around 28.75. So down about 1.7% on that trade. Gonna let it ride for a little longer but if UA continues to move to the upside I will drop that leg and just go long NKE.
                                              Comment
                                              • capitalist pig
                                                SBR MVP
                                                • 01-25-07
                                                • 4997

                                                #513
                                                Thursday 3/25/10 new position at market close in PKD, 10k shares @ $4.61. No sell target yet, and no stop set yet.Will update later today or Monday.

                                                later
                                                Comment
                                                • Dark Horse
                                                  SBR Posting Legend
                                                  • 12-14-05
                                                  • 13764

                                                  #514
                                                  This market is on tranquilizers and anti-depressants. Didn't take long to get back to an artificial type of floating. I hope they let the air out soon.
                                                  Comment
                                                  • Boner_18
                                                    SBR Hall of Famer
                                                    • 08-24-08
                                                    • 8301

                                                    #515
                                                    Looking to get in LGF on the proposition that Ichan loses this proxy (which he will). Little over-covered in the financial media, hopefully a larger market downtrend can shake out some of these buyers.
                                                    Comment
                                                    • Chi_archie
                                                      SBR Aristocracy
                                                      • 07-22-08
                                                      • 63167

                                                      #516
                                                      getting ready to sell half of my CNH. bought it as a long term hold last year, but it has surpassed 3 bagger status for me already. got lock in some gains
                                                      Comment
                                                      • Boner_18
                                                        SBR Hall of Famer
                                                        • 08-24-08
                                                        • 8301

                                                        #517
                                                        If you have enough to make it work, buy some protective puts or covered calls if you want to stay in the trade.
                                                        Comment
                                                        • Boner_18
                                                          SBR Hall of Famer
                                                          • 08-24-08
                                                          • 8301

                                                          #518
                                                          Jerk.
                                                          Comment
                                                          • RageWizard
                                                            SBR MVP
                                                            • 09-01-06
                                                            • 3008

                                                            #519
                                                            I'm in official wait and see mode now. This market is floating along with no volume, even on this last break out, Gold prices have fallen so I will add to those, but everything else I am waiting until the pullback arrives. The vix is so low, along with the overbought conditions in the S&P, it just isn't worth it to go in here with large positions. I have so fun every day, but nothing too large.

                                                            If you like penny stocks give CAMH a look. Yeah it has double in the last month, but it has legs I think. Maybe it is worth a couple of grand on a speculative play for health care winners. Do your own DD and check it out.
                                                            Comment
                                                            • Boner_18
                                                              SBR Hall of Famer
                                                              • 08-24-08
                                                              • 8301

                                                              #520
                                                              Yeah I agree this thing is non-directional right now. But that just means that short straddles, pair trades work. Not that we disagree, just saying. The vix being so low makes for cheap as hell options too, so if you like something try the options as a way to play it while keeping capital risk to a minimum. But beware of options on stocks going into earnings right now, they are expensive regardless of a low vix.
                                                              Comment
                                                              • Boner_18
                                                                SBR Hall of Famer
                                                                • 08-24-08
                                                                • 8301

                                                                #521
                                                                Getting back into the SPY short straddle, this time a little bigger which could blow me out of the water. SPY... Positions:
                                                                Sell to open SPY 115 puts (4/17) x1000 @ .72/ea = $720
                                                                Sell to open SPY 120 calls (4/17) x1000 @ .4/ea = $400
                                                                Comment
                                                                • nobull
                                                                  Restricted User
                                                                  • 11-24-09
                                                                  • 830

                                                                  #522
                                                                  economists are expecting March employment report to have a net gain of 190,000+ jobs. good luck long & shorts.

                                                                  Last edited by nobull; 03-30-10, 01:37 PM.
                                                                  Comment
                                                                  • RageWizard
                                                                    SBR MVP
                                                                    • 09-01-06
                                                                    • 3008

                                                                    #523
                                                                    A little crack in the armor today as it looks like the jobs numbers aren't going to be there in the next couple of days. It is still a wait and see, because they could just be giving us a head fake and then come in with a kick ass jobs number
                                                                    Comment
                                                                    • capitalist pig
                                                                      SBR MVP
                                                                      • 01-25-07
                                                                      • 4997

                                                                      #524
                                                                      Originally posted by capitalist pig
                                                                      Thursday 3/25/10 new position at market close in PKD, 10k shares @ $4.61. No sell target yet, and no stop set yet.Will update later today or Monday.

                                                                      later
                                                                      Sell order placed this morning @ $ 5.11.

                                                                      later
                                                                      Comment
                                                                      • Facepunch
                                                                        SBR MVP
                                                                        • 11-17-09
                                                                        • 2090

                                                                        #525
                                                                        Originally posted by nobull
                                                                        economists are expecting March employment report to have a net gain of 190,000+ jobs. good luck long & shorts.

                                                                        http://www.denverpost.com/frontpage/ci_14782454

                                                                        Lot of buzz around these census jobs, and increases in the IRS are creating a false sense of "wellness" , Also have to be thinking that pre-midterm time frame they are going to start injecting all of that cash that they have been hoarding.

                                                                        I have personally stopped trying to guess any direction or momentum, because the market is being manipulated so much, every day is a coin flip.

                                                                        I have been focusing on currency as of late, and have made some decent coin on the collapse of the world monetary systems.
                                                                        Comment
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