Financial Markets: 1st Trading Day of 2008

[buztah]

Opened up a long position on SHLD at 102 as this looks like a double bottom.

Out SHLD in the 109.70s.

[buztah]

Loaded AAPL yesterday and today in the mid 134s. Still holding ANTP for a pop here.

[buztah]

Loaded AAPL yesterday and today in the mid 134s. Still holding ANTP for a pop here.

And there's the pop! Out ANTP!

Still holding those AAPL shares for a pop too. Hehehe.

[buztah]

Loaded AAPL in the 123s to pull average down to appx 127.50 per share. I see the makings of a reverse head and shoulders here on the chart. Upon completion I should be able to sell, assuming breakout, in the mid 140s. Timeframe is likely 6 weeks. Not advice. DYODD.

[buztah]

Loaded SIRI at 1.90 for possible morning star doji play.

AAPL sitting in 170s after our buy in 123s. Reverse head and shoulders with subsequent up trend long confirmed. Initial investment out in 180s and free shares riding.

[SBR Lou]

Loaded SIRI at 1.90 for possible morning star doji play.

AAPL sitting in 170s after our buy in 123s. Reverse head and shoulders with subsequent up trend long confirmed. Initial investment out in 180s and free shares riding.

Always knew you were supremely intelligent.

[buztah]

Added SIRI 1.84 and expect it to test resistance and fill gap in mid 2.40s in the not too distant future. It's a gamble, crazy. Good luck if you play.

[buztah]

In UTHR today in the 92.30s for a quick bounce play off the 50 DMA. Not advice. DYODD.

[buztah]

OK, jumped on the SOL train at 18.99 today.

[buztah]

In UTHR today in the 92.30s for a quick bounce play off the 50 DMA. Not advice. DYODD.

OUT UTHR 94.50s. YEAH! Nice classic 50 dma bounce.

Easiest 500 clams ever!

[buztah]

In SVNT 22.90s today for likely a day or swing trade.

[RageWizard]

What a fabulous day in the market so far. financials, tech, consumer discretionary, all going down like heather brooke film classic. Lehman Brothers is the gift that keeps on giving this month alone went from 35 to 23.50. I want to stop short selling but it has been too much fun this month. Anybody else think that there is a rally around the corner?

[capitalist pig]

Anybody else think that there is a rally around the corner?

Dead cat bounce yes, lasting rally the rest of 08 doubtfull. I still like CPST, and believe it has a great future, JMO.

later

[buztah]

Don't care. As long as we got movement and liquidity, the charts will lead the way to money money money -- MONAAAAAYYY!!!!!

[RageWizard]

Dead cat bounce yes, lasting rally the rest of 08 doubtfull. I still like CPST, and believe it has a great future, JMO.

later

Let me clarify, I think a dead cat for the next month or so, but a sustained rally is not in the cards. I'm still sticking with my original estimate of a market that will eventually go down to 10,600 after the election. At this point maybe even lower. I picked up some Capstone back in March when you pointed out how far it has come in the last 6 months. Its floated around but hasn't made a move really. Still like the chart and I think it will break out again before the year is done.

[buztah]

In SVNT 22.90s today for likely a day or swing trade.

Out SVNT 23.90s!

Just like that!

Sha la la la la la la la la lah lah lah tee dah!

[buztah]

OK, jumped on the SOL train at 18.99 today.

Added SOL 16.90s to average in at 17.90s. Placement done and should see a return to 20s. Will hopefully sell into the pop in the near future. GL!