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  • FXmotherlode
    SBR Rookie
    • 04-27-10
    • 4

    #561
    Closed short GBP/USD for 125 pips profit. Will look to re-enter soon though.
    Comment
    • Skidcom
      SBR MVP
      • 11-17-06
      • 1796

      #562
      Blankfein's handling of the very clumsy line of questioning from Senator Levin has to be a positive for GS.
      Comment
      • RageWizard
        SBR MVP
        • 09-01-06
        • 3008

        #563
        Levin is an idiot. he acts as though GS is supposed to hold your hand while betting your money and keep you from losing too much. Does any casino do that?
        Congress has no clue what goes on in the offices on Wall Street.

        BTW, looks like a short coming unless the S&P can rebound with some conviction. I selling IWM short for the short term, and starting to reenter my metals positions for the longer term.
        Comment
        • tltaylor89
          SBR Posting Legend
          • 06-19-09
          • 19610

          #564
          Levin just wanted to read that "Timeberwolf deal was shitty"
          Comment
          • tltaylor89
            SBR Posting Legend
            • 06-19-09
            • 19610

            #565
            Palm get brought out by HPQ.
            Comment
            • hogwartz
              SBR Rookie
              • 04-19-10
              • 10

              #566
              Anyone bought BIDU, the chinese version of Google, back in early 2009 when it was around 110's ? That sucker shot up 89 points in the after hours and is now at 710 and change.
              Comment
              • Shafted69
                SBR Hall of Famer
                • 07-04-08
                • 6412

                #567
                JASO reports earnings on may 11. If First Solar ( FSLR ) blasted up 25 points after earnings. I'm banking on JASO busting out the to upside also.

                2 year chart possible cup forming. the right side of the cup............... we shall see.














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

                  #568
                  Originally posted by FXmotherlode
                  Closed short GBP/USD for 125 pips profit. Will look to re-enter soon though.

                  Good job, I have been trading forex on and off for about 18 months now. I have some good weeks and some bad weeks. Just like gambling.
                  If you look at Aud/Usd it is resting right on the 50% retracement line. It already rejected the lower fib line, I think it is going to test it again coming up pretty soon. we will see. Glad that there is another forex guy here.
                  Comment
                  • Facepunch
                    SBR MVP
                    • 11-17-09
                    • 2090

                    #569
                    AUD/USD Short
                    Cleaning up now
                    Comment
                    • Facepunch
                      SBR MVP
                      • 11-17-09
                      • 2090

                      #570
                      Anyone bite on puts on AAPL pending these anti trust talks?
                      Comment
                      • badweiser
                        SBR Wise Guy
                        • 11-08-09
                        • 501

                        #571
                        Holy blah blah batman
                        Comment
                        • RageWizard
                          SBR MVP
                          • 09-01-06
                          • 3008

                          #572
                          Dead cat in action today. As a rule when I see a capitulation candle stick on my daily chart like I did thursday, I always buy XLF, IWM, SMH, and SPY because I know they will always rally. Now they say Thursday was a freak occurence, I believe otherwise. the volume wasn't there, and people were dumping stocks. I totally got screwed over on a couple of trades when I saw the price was too good to be true. They should allow those to be good trades. Just because someone like me was laying in the weeds, waiting to buy on a huge dip, doesn't mean that I shouldn't see those gains. How did I know that it wasn't going to continue? That's called gambling, and had I lost I wouldn't have been looking for a way out. The way they have it now is I get penalized for doing sound charting. Effers.

                          Anyway, enjoy the dead cat for a day or so, then I believe another pull back is in order, but not as deep as last week.
                          Comment
                          • tltaylor89
                            SBR Posting Legend
                            • 06-19-09
                            • 19610

                            #573
                            Not really a dead cat bounce when you had news .Price action would have been bearish if we wouldent have gotten news.Also we have be rallying on real light volume I'm seeing lot of unwinding of puts here and funds moving out of defensive names.
                            Comment
                            • nobull
                              Restricted User
                              • 11-24-09
                              • 830

                              #574
                              So the crooks across the world waited until last week to coordinate an attack on the Euro last week to exacerbate the Greek tragedy, a problem that everyone knew about many weeks ago. Talk about legalized stealing. Expect more hissy fits from these band of thieves as we get closer to Wall St. reform passing.
                              Comment
                              • RageWizard
                                SBR MVP
                                • 09-01-06
                                • 3008

                                #575
                                Originally posted by tltaylor89
                                Not really a dead cat bounce when you had news .Price action would have been bearish if we wouldent have gotten news.Also we have be rallying on real light volume I'm seeing lot of unwinding of puts here and funds moving out of defensive names.

                                Your right this volume sucks. I'm waiting to see if any new money comes in before the close, then make my short plays accordingly if the buyers are less than the sellers from Friday or Thursday's action.
                                Comment
                                • RageWizard
                                  SBR MVP
                                  • 09-01-06
                                  • 3008

                                  #576
                                  Originally posted by nobull
                                  So the crooks across the world waited until last week to coordinate an attack on the Euro last week to exacerbate the Greek tragedy, a problem that everyone knew about many weeks ago. Talk about legalized stealing. Expect more hissy fits from these band of thieves as we get closer to Wall St. reform passing.
                                  If you know what to look for you can ride the criminal cash wave with them. I've been waiting for around a month and a half for my chance to short this market. Now I am long banks and other relative strength stocks from Friday, knowing that the Euro thing would be resolved with something over the weekend making todays rally possible. I wouldn't chase however, because now it looks like the market is getting ready for a downturn from buying crappy volume.
                                  Comment
                                  • tltaylor89
                                    SBR Posting Legend
                                    • 06-19-09
                                    • 19610

                                    #577
                                    Going short the S&P with SDS
                                    Comment
                                    • unusialsusp5
                                      SBR MVP
                                      • 04-18-10
                                      • 4198

                                      #578
                                      what are you stock playing idiots doing on a free sports site.
                                      Comment
                                      • Skidcom
                                        SBR MVP
                                        • 11-17-06
                                        • 1796

                                        #579
                                        Trading Recommendation - If the market is above 1040 at 3:30 PM, sell a bull put spread in the June SPX contracts at the 1145/1150 strikes and write a bear call spread at 1150/1155. This will create an iron condor at a very nice credit.
                                        Comment
                                        • Skidcom
                                          SBR MVP
                                          • 11-17-06
                                          • 1796

                                          #580
                                          Kim Jong II sure is a crazy fk, but with a bomb (undeliverable, hopefully)
                                          Comment
                                          • tltaylor89
                                            SBR Posting Legend
                                            • 06-19-09
                                            • 19610

                                            #581
                                            Lol you kow if they bomb S Korea it will be Berlin all over again.
                                            Comment
                                            • cover1
                                              SBR High Roller
                                              • 05-24-10
                                              • 104

                                              #582
                                              Yea, CNBC needs to plug in the coffee pot
                                              Comment
                                              • capitalist pig
                                                SBR MVP
                                                • 01-25-07
                                                • 4997

                                                #583
                                                Two new positions today, both longer term trades, not looking for the quick buck here.

                                                10k shares of C @ $3.60.

                                                10k shares of KOG @ $2.80.

                                                later
                                                Comment
                                                • RageWizard
                                                  SBR MVP
                                                  • 09-01-06
                                                  • 3008

                                                  #584
                                                  Even though they are getting pounded, and I have a short term short play on FCX, I am stepping back in here with another toe in the water with a 100 shares long. This will mean that I will have 1000 short and now 250 long, and for the next couple of weeks, I will be increasing the number of shares acquired and decreasing the number shorted. This flight to the dollar and out of the profitable equities is a chance to jump in the commodities for the long run.
                                                  Comment
                                                  • JerseyShop101
                                                    Restricted User
                                                    • 09-04-08
                                                    • 2704

                                                    #585
                                                    Originally posted by Skidcom
                                                    Kim Jong II sure is a crazy fk, but with a bomb (undeliverable, hopefully)
                                                    With every threat the dollar becomes more valuable here. Going up and up again. Some money exchange shops are refusing to sell US dollars as they all know the value will continue to go higher now.

                                                    Last Trade: 1,223.38 Trade Time: 9:16AM EDT Change: 10.47 (0.86%) Prev Close: 1,212.9000 Open: 1,223.3750 Day's Range: 1,223.38 - 1,223.38 52wk Range: 1,104.1000 - 1,308.8000 Bid: 1,223.38 Ask: 1,224.25
                                                    Was 1101 on April 26th.
                                                    Comment
                                                    • Skidcom
                                                      SBR MVP
                                                      • 11-17-06
                                                      • 1796

                                                      #586
                                                      Possible opportunity to go long.
                                                      Equities have been under severe pressure in recent sessions, buffeted by the crumbling of the Euro, the continuing impasse in fixing the Gulf oil spill, North Korean blustering, and now the confrontation of Israelis and Palestinians. Given that environment, shares have held up remarkably well, fighting off attempts to drive the SPX back to and below support down at the 1040/1050 level. One reason for this stand is the expectation of a blow out jobs number this coming Friday, with predictions as high as a 700,000 increase. Whilst that number seems overly optimistic, other data leading up to the report support the idea that there will be a good boost in employment. Technical indicators lend credibility to the probability of a near term rally. Most prominent amongst them is the action of the MACD. Now at a deeply oversold level, an upside cross appears to be forming. That cross will likely occur on Friday, assuming a positive jobs report. That should pave the way for a quick move towards the SPX 1150 level, which is the right shoulder of the head and shoulders top noted in a previous commentary. Only time will tell, of course, but being short at this juncture is far more dangerous than being long.
                                                      Comment
                                                      • aceking
                                                        SBR MVP
                                                        • 09-07-05
                                                        • 4782

                                                        #587
                                                        BP looks cheap .
                                                        Comment
                                                        • buztah
                                                          SBR Hall of Famer
                                                          • 03-23-07
                                                          • 7470

                                                          #588
                                                          Grabbed NEXM 34 at the moving average. Health Canada is spoztah get off their phucken azz and give em news this week. Maybe good for a 50% play.
                                                          Comment
                                                          • JEK
                                                            SBR Sharp
                                                            • 08-27-09
                                                            • 260

                                                            #589
                                                            Its a falling knife. If you think it looks cheap here, just wait. It will get cheaper. There is so much unknown right now its unbelievable. I wouldn't touch this with your money.




                                                            Originally posted by aceking
                                                            BP looks cheap .
                                                            Comment
                                                            • RageWizard
                                                              SBR MVP
                                                              • 09-01-06
                                                              • 3008

                                                              #590
                                                              Well you just know that the jobs report tomorrow is going to be a blow out number. I smell a rat here with all of the hype coming from CNBC. It better be a good report, the expectations are sky high.
                                                              Also forget about buying BP. You will get cut up pretty bad catching that knife, instead why not try oil service stocks. I don't really have a favorite so I just bought some OIH in the last 15 minutes.

                                                              Good Luck, and hopefully the fake jobs report comes in huge tomorrow, but I think the fix is in.
                                                              Comment
                                                              • pavyracer
                                                                SBR Aristocracy
                                                                • 04-12-07
                                                                • 82781

                                                                #591
                                                                Originally posted by RageWizard
                                                                Well you just know that the jobs report tomorrow is going to be a blow out number. I smell a rat here with all of the hype coming from CNBC. It better be a good report, the expectations are sky high.
                                                                Also forget about buying BP. You will get cut up pretty bad catching that knife, instead why not try oil service stocks. I don't really have a favorite so I just bought some OIH in the last 15 minutes.

                                                                Good Luck, and hopefully the fake jobs report comes in huge tomorrow, but I think the fix is in.
                                                                Good call RageWizard. Market tanked today.
                                                                Comment
                                                                • nasaki
                                                                  Restricted User
                                                                  • 04-12-10
                                                                  • 457

                                                                  #592
                                                                  My BP short cover is set at 0.
                                                                  Comment
                                                                  • capitalist pig
                                                                    SBR MVP
                                                                    • 01-25-07
                                                                    • 4997

                                                                    #593
                                                                    Originally posted by capitalist pig
                                                                    Two new positions today, both longer term trades, not looking for the quick buck here.

                                                                    10k shares of C @ $3.60.

                                                                    10k shares of KOG @ $2.80.

                                                                    later
                                                                    Sold entire position (10k shares) in KOG this morning @ $3.50, I was expecting more from this play, but am not sure what to expect going into earnings this Thursday. Even with outstanding earnings I expect a pull back, especially with oil prices up $2.41 today.JMO.

                                                                    later
                                                                    Comment
                                                                    • itchypickle
                                                                      SBR Posting Legend
                                                                      • 11-05-09
                                                                      • 21452

                                                                      #594
                                                                      Originally posted by capitalist pig
                                                                      Sold entire position (10k shares) in KOG this morning @ $3.50, I was expecting more from this play, but am not sure what to expect going into earnings this Thursday. Even with outstanding earnings I expect a pull back, especially with oil prices up $2.41 today.JMO.

                                                                      later
                                                                      Nice gap opening this morning to sell Kodiak..but don't strong enough volume to hold it. Smart move if you let it go even ahead of earnings...I'm spending ALL week looking to play a flat 3rd Qtr coming up....looking at some good Puts and staying away from the swing trading for awhile I think. Besides...football season is upon us...that's where my time will be spent...both watching and wagering.
                                                                      Comment
                                                                      • capitalist pig
                                                                        SBR MVP
                                                                        • 01-25-07
                                                                        • 4997

                                                                        #595
                                                                        Back in KOG today for 10k shares @ $2.65, looking for $2.95 next week. Im playing this on a rebound in oil prices next week ,JMO.

                                                                        later
                                                                        Comment
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