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I think $100's will be coming soon. One of these days I think we will see a rally, so I'm hoping to see a good drop in UYG :)
AAPL and RIMM are doing OK on a -300 poing DJIA day, so some are almost bullish.
SKF has a nice swing to her as well, not big paydays(until a run), but good trading.
Waiting for a good price NEVER hurts.
I've been nibbiling on some Nov calls on my fav stocks, and I'm looking good in UYG, and SKF(selling 60%). Some of my Solar stocks I'm covering, and going long, and POT and DRYS, oh my. AMR, I'm selling. DUG on fire today, WOW, prepping DIG.
It's hump day, maybe nothing huge for us today(lol, -300pts, some stocks have moved 10%, and it's a dull day).
:)
No luck yesterday Brad>>I was looking for under $100 and $105.66 was the low>>Still waiting
Asian markets don't always correlate with the US markets, but is just one element to look at for a small clue to what the market might do, Wed. for them is down action, but the close will be the largest clue. Fear is still out there.
I guessing SKF will be fairly fluid in pre-market trading:)
Lots of action and large volume in UYG, I think big players are setting up for a UYG play soon, I'm unsure of the size of the next SKF move, it might even shock us.
GL
LOL, Cramer(very entertaining) is preaching that the banks are safe, and the shorts will move on to another sector. I think he is part of the bailout plan:)
Me, I'm set to rock with some downside action, good swings today to help get the play started.
MS, BAC,C, I wounder how many bought puts today with the big spike??
More $$ to make in SKF and UYG(they are twins, just not identical), My Roth's have shares of both, but all capital has been removed, we will get a trend shortly.
GL, and I'm glad SKF!!!!!!!! is back.
I'm just waiting for the Hedgie's to Profit take in the big banks, I'm all set-up, just one button push away from mayhem.
Clock is ticking.
:)
Last two trading days we've had some big short squeezes into the close. Keep that in consideration here today, especially if we trend down into the close. S&P has some strong support @ 1000 so far today.
Market gaining some temporary strength back.
Oil Stocks moving up
RIMM and AAPL showing strength, and DRYS up 10% today(go with the $$ flow).
The US injection of $$ has the big banks holding(short term)some gains. C, BAC, looking good(I'm SHOCKED), BUT for how long.
SKF, I only have a handful of free shares from today's trades, but will work on getting more. Spending some cash on some mild calls. Flowing some $$ into UYG, and will trade to freebies EOD, UYG will be a $$ maker(longer term, this one could ROCK) as well.
EOD, who knows, we are stuck in the MUD ATM.
AGREED 100%, I'm already a buyer, UYG did have a nice pop this AM though.
I think today will swing, and I'm waiting for the trend. Got to watch that $$ flow, peeps are haphazard lately :)
They are all drinking the kool-aid again>>Waiting for it to dip under $100 to start accumulation again
SKF on the move again, and I think it can set a new HOD after the massive spike in the AM.
SKF is working JUST fine.
I think we will see $180 today, 22 minutes until the bell and DJIA -400pts, all my ETF's hitting HOD currently.
10% of today's profit, buying Nov Puts, this one cycles.
SKF I'll close out EOD, other's I'm scaling WAY back.
TWM has been a good play, I bought another good block in the $90's, and have more powder just waiting to use.
DIG-DUG slide is still happening, selling DIG now. FXP, reload in the $108's. SKF on a Terror streak, average just below $120, let her rip, if it reachs close to 8%, I'll keep 40% overnight(pending news).
We have a little rally happening, I'm buying puts across the board, a reload from yesterday. Watching volume and money flow, and am holding a starter in many of my fav stocks just in case(HUGE WAG) this could be the bottom(I know pipe dream). All have tight stops, I'll see what's left of them EOD.
Ultrashort ETF's, I'm refilling.
AIG, good trading in Pre-market, but damm thin, I didn't get as many sells as I wanted, and I'll wait for a dip to buy back more shares.
FSLR, swinging hard, it's fluid, and shortable :), Solar getting crushed again today. REW on the move today as well.
Good luck out there.
I didn't find a TWM board on Ihub, so I'll stick here since this board is low traffic.
Have a great weekend.
Rich
I haven't given up just yet, any stock where I can grab 2% twice in a day is gravy in my book, but I agree SKF is a different animal. Next week will tell if the SKF comes back.
TWM is my largest Roth play ATM, SKF I tended to close out often. TWM is more of a good trend play, and I see a lot more room for TWM to grow.
I'll see you around, and I'll look for a TWM board.
Brad
Nice job Brad. I grabbed TWM @ 77.14 today. The short restriction rules that were passed have changed the way SKF trades pretty dramatically so I don't like it anymore. Getting more bang for my buck with TWM now. I'll be hanging around the TWM board from now on if there is one.
Take care.
Rich
Tempting to buy some before the close, but I'll wait.
Other Proshares that are rocking
FXP, TWM, and EWV for me. Many other short and ultra short's are moving as well.
Next week is going to swing BABY.
:)
Another nice run-up, I'm closed out in the $109's, I won't hold any over the weekend, but wouldn't be shocked to see a gap on Monday.
Snagged a 3%'er, and I'm out, this should reset and have a nice play next week.
GL
I'm in, lets rock
FXP is on as well, watching AIG(my lotto play) for a reload point.
I haven't bought any shares yet this AM, but I do think the market will pitch up and down today, it's going to be a traders day.
GL
ON FIRE, ON FIRE!!!!! $114
Bill not passed
SKF and FXP on fire
Bottom shopping tomorrow :)
OT CHK: Obviously the IHS formation is dead. em
I bought another block this AM, FXP is also REALLY moving(I love FXP as well).
I'll sell all my SKF today, the market will rubber band up after a big down day, then continue it's slide.
FRE, FNM, and AIG are green today, but I think they will start to slip shortly, then SKF should get a larger move.
RIMM baby, soon I should be able to get sub $60's, sweet.
Did so also about 97.50. Think we'll get a better spot Monday if "the" news is announced. Looking for 92 - 90 range or better.
Enjoy your weekend!
Rich
OT: Re CHK...
Key place here for this IHS (inverted head & shoulders) now. If we hold todays lows then it's playing out perfectly and the low of the right shoulder is formed. I bought some near the low today in case this plays out.
I don't have any shares. SKF's day is near(pre-market on the way). I don't like big gap up days,lol(when I don't have squat).
World markets sucking wind.
I think the market has already priced in the bailout, and NUTS we didn't get our $60. I don't think we will see a massive sell off just yet.
I'm set up good in Oil, and can't wait until next week.
RIMM, looking for a bounce after some punishment tomorrow.
Laters, time to twist the throttle, and sip some dt. coke w/ LIME(the hard stuff),lol.
OM...Do you know of any good newbie options books to recommend. I've never traded them but would like to learn.
TIA & Have a good afternoon.
Rich
Looks like they missed
Research In Motion Reports Second Quarter Results
WATERLOO, ONTARIO -- (Marketwire) -- 09/25/08 -- Research In Motion Limited (RIM) (NASDAQ: RIMM)(TSX: RIM), a world leader in the mobile communications market, today reported second quarter results for the three months ended August 30, 2008 (all figures in U.S. dollars and U.S. GAAP).
Revenue for the second quarter of fiscal 2009 was $2.58 billion, up 15% from $2.24 billion in the previous quarter and up 88% from $1.37 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 82% for devices, 13% for service, 3% for software and 2% for other revenue. During the quarter, RIM shipped approximately 6.1 million devices.
Approximately 2.6 million net new BlackBerry® subscriber accounts were added in the quarter. At the end of the quarter, the total BlackBerry subscriber account base was approximately 19 million.
"Fiscal 2009 is proving to be an extraordinary year for RIM and its partners," said Jim Balsillie, Co-CEO at Research In Motion. "We shipped over 11 million BlackBerry smartphones in the first half and we're gearing up for an even stronger second half. Our enterprise business remains strong and our momentum in the consumer marketplace continues as we head into the holiday buying season with an amazing product portfolio and solid marketing support from partners."
Net income for the quarter was $495.5 million, or $0.86 per share diluted, compared with net income of $482.5 million, or $0.84 per share diluted, in the prior quarter and net income of $287.7 million, or $0.50 per share diluted, in the same quarter last year.
Revenue for the third quarter of fiscal 2009 ending November 29, 2008 is expected to be in the range of $2.95-$3.10 billion. Net subscriber account additions in the third quarter are expected to be approximately 2.9 million. Earnings per share for the third quarter are expected to be in the range of $0.89-$0.97 per share diluted based on a gross margin of approximately 47% and operating expenses that are 1-2% lower as a percentage of revenue than in the second quarter.
The total of cash, cash equivalents, short-term and long-term investments was $2.24 billion as at August 30, 2008, compared to $2.08 billion at the end of the previous quarter, an increase of $163 million over the prior quarter. Uses of cash in the quarter included capital expenditures of approximately $190 million and intangible asset purchases of approximately $234 million.
The replay of the company's Q2 conference call can be accessed after 7:00 pm (eastern), September 25, 2008 until midnight (eastern), October 9, 2008. It can be accessed by dialing 416-640-1917 and entering passcode 21252985#. The conference will also appear on the RIM web site, live at 5:00 pm (eastern) and archived at http://www.rim.com/investors/events/index.shtml.
OM: Of course I never know, but I find it hard to believe we see gas go much lower into the winter months, so it lends some credence to the formation. I'd like to see a test around 38 - 39.
RIMM just got hit hard. Must not have had good numbers. Unless their guidance is good I'd look for a gap down on the open tomorrow unless the bailout gets announced.
I think your right Rich>>I follow that one like a hawk!
Another possible Inverted H&S play for you guys...
Inverted head & shoulders bottom potentially forming on CHK. More easily seen on the 60 or 120 min chart. 42.50 breakout with about a $7 target if the formation plays out, imo.
Looks like oil & gas has been moving with the market today...at least the plays I watch (CHK & DIG) have been.
Rich
There's a saying that goes something like, "You always get what you always got when you always do what you've always done." As is the usual case with our government, nothing here was resolved, although anyone getting caught up in the CNBC blabber probably doesn't see that and most likely doesn't even consider it.
If you guys are interested, here's a link to a guy who has been absolutely nailing the market calls lately. I have been paying attention to his commentary for years and most of the time he is right.
http://trendtradingtowin.blogspot.com/
I have to agree with that Rich>>I am sure we are not the only ones thinking that!
DITTO! The only thing that will come of a rally on the news of the bailout is give shorts an opportunity to re-load as well as giving business executives higher prices to "bail out" of their stock holdings.
imo, of course.
If it hit's $60, I will be smiling with you, that would make it easier for a larger scale in, and we know what will happen in Oct.
The funny thing is>>>All this excitement and rallying we are not even close to where we started>>LOL>>Whatever makes the SHEEPLE happy for the moment I guess!
Whatever get's it to $60!!
lol,The market is about to rock and roll Big time.
Low $90's!! I want $60's! lol
Nice job. Free shares makes all the difference.
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