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The Rule is similar to Murphy's Law, in that it states, that when you sell a stock, it immediately ticks waaaay UP after you sold it. Its also known as the NedSerious law. just kidding.
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http://www.investopedia.com/terms/u/uptickrule.asp
A former rule established by the SEC that requires that every short sale transaction be entered at a price that is higher than the price of the previous trade.
Great pick Chart. Congrats to you!
Happy Monday.
Perhaps a good "Buy the rumor, sell the fact play?"
If the meeting is supposed to be on Thursday the 12th, might there be a run up in the Fins before then? And then..a drop, and a run, and a lot of bouncing around on the 12th, and a few days that follow, depending upon the misinformation that the media spits out every second they get wind of something?
Risky - yes, but might be something to think about.
Amazing world wasted.
Yeah, I know. I like to kid.
You're a charting fool you are. Thanks for the posts.
Obi,
Sometimes I think, you're changing the names and posting the same charts over and over.
see stock...see stock turn red and go over waterfall.
thanks for your thoughts.
Chart,
Thoughts on NVDA? No long term debt.
http://stockcharts.com/h-sc/ui?s=NVDA&p=D&yr=0&mn=3&dy=15&id=p49510346286
Feels good huh? Congrats.
Nice going Liquid and all. Good to see peeps making some quick $$$.
I had a good amount of chocolates today, prolly gained a lb. Weeeeeeeeeeeeeeeeeeeeeee.
Ain't that the truth. It's one big lonnnnnnnng state. I do know how to pronounce Cairo though, and unfortunately, do have a lot of Cards fans for friends.
Morning All. Go Get 'Em Chart. No Mercy!
FYI: the Cubs are playing at Tiger Stadium or Comerica, or whatever they call it these days.
(thanks for the posts Veritas, I check them all out)
rt20,
Hey that's great. I'm in Kenosha County so I'm familiar with Carthage. It's a good school. Good luck to him and you. Hit me up if you need me to help him in anyway.
They've actually been building some very nice museums in Milwaukee. I'm originally from IL, so I'm an ex-FIB (F'ng Illinois B**stard). But, lived here long enough to now be an official Cheesehead.
Side Note: Along I94 and next to the Cheese Castle is Bobby Nelson's Cheese. Supposedly he's the dude that popularized the "half-nelson" wrestling move. Kinda funny.
Good trading!
Never say Die. Go get 'em...like the Black Knight:
Glad to hear it. Seems like you could use a lil sunshine today (and most days with the moniker of Doctor NO, unless the NO is because you're from the Big Easy, and in that case, bring on the King Cakes and Hurricanes), and lets do some plastic surgery on these markets.
Standing on a street corner, and yelling "there's been an crash" to the participants in the car, who were in the accident doesn't do much good to anyone.
Since this is a board about learning to day trade and/or swing trade, how to identify trends, backing up those trends with fundamentally sound companies, how about giving some good information in how to trade if you believe the markets will go down continually.
What puts or shorts would you recommend? Is gold a good play?
Help us make $$$ as that's why we're all here.
If you have some trading details, I'm open to all ideas. I didn't like either candidate truthfully, but those are the choices that both parties chose. So, onward we go. I believe in America, even in down times.
Let's help each other. Happy Monday!
I'm gonna buy stock in the company that makes the iHub software as Prof Chartinator was maxing out the posts this weekend with research and other market info.
Thanks much Chart. Happy Monday to all, and a double Happy Monday to Doctor No.
new2: You can check PreMarket and After Hours at this site:
http://quotes.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=CENX&mkttype=pre
there's a box to enter additional symbols and also in the left menu, links to real-time quotes during the day, and the AfterHours quotes too for party-time.
good luck.
I'm a Cheesehead. The event was in Milwaukee last night. I know that CA, FL, and AZ have been hit very hard with foreclosures and the real estate market. I just thought I'd share some news from peeps who were surprised at the recent uptick in their business.
Funny stuff. thanks.
For what its worth...
I went to an amateur boxing event last night at an "Old Fashioned Business" club. A bunch of guys in suits smoking stogies, drinking cocktails, and watching some pretty entertaining fights (and watching the round girls too). anywho.
A few of the realtor fellas at my table said that their business had picked up pretty good in the past week and when I asked why they said because of the first time home buyers $8k credit. This realtor has 4 locations (he had closed one recently). He said he wasn't a fan of Obama, but this part of the Stimulus bill might be working.
Another guy, who manages a large title company, said that he had his busiest day of the past 1.5 years yesterday. The majority of title work being refinancing and not new home purchases though. Foreclosures had been 75% of his business in the past year, where as the used to be almost non-existent.
Have a good weekend.
Good Luck ValueMunger. Will be watching.
Please don't use such big fancy words OBI, I'm having a hard time understanding what you are saying. Like and ummmm are easier to read.
I'm in CENX option with the $200 from BoA:
Mar 21 Call 2.50 CQICM:
In at .30 for 6 contracts = $180
BRAWNDO: It's got Electolytes!
I'm not sure. We're fogged in at the moment. On the plus side, the in flight movie is Breakin' 2 - Electric Boogaloo.
Hokey Smokes,
Look at the volume on the 23rd for the Aluminum Index (JJU):
http://stockcharts.com/h-sc/ui?s=JJU&p=D&yr=0&mn=8&dy=0&id=p14575243246
Ummmmmm, I've been stuck on this stinking runway for a week or so. Can someone let me off of AMR? A package of peanuts? A little bottle of Vodka?
Thanks, I can't seem to apply it to sports though as I'm unfortunately still a Cub's fan. Ouch.
Lather, Rinse, Repeat, then repeat for 101 years of futility.
Well, my point was really pointed towards plays that I've finished holding, and the lure to get back into them right away either to pick up a loss or to get another win with them. And that I want to keep remembering, that once I'm out of it, I'm out of it, and more than likely the reason I got in, doesn't exist anymore. It may exist again soon, or may never exist again at all, but that its better to move on to the next one.
But otherwise, Yes, if there's a non-performer, that doesn't fit the reason you entered, or the time frame, etc., then give that sucker the boot.
An Ex-Girlfriend
I'm going to try and remember that once I leave a position, that it will be like an ex-girlfriend to me, and what it is doing is really of no consequence. I hope that she does well, but I really don't care as I'm not involved with her anymore.
I'll keep in touch every so often to see how she's doing, but unless she's calling out for attention (meaning her T&A look good, I mean... her TA shows promise and she's fundamentally sound), I'll keep looking.
My apologies to JerseyGirl in advance.
Free Bloomberg News streaming online:
http://www.bloomberg.com/streams/video/LiveBTV200.asxx
My cable cut out, but my internet still works, so I looked into seeing if I can watch/listen to news online, the link above is for FREE streaming Bloomberg News. CNBC looks to be a paid service for Live video.
Thanks. I watched the 15 min chart and then sold it for $50 profit. Man it moved fast. Not a bad way to learn options and also protect an investment from downside. Looking into CENX options at the moment now.
Thanks Chart, via your BAC mention, I turned $100 into $200.
Yesterday, in the Trendfinders board, they were talking about grabbing bottoms.
Ned thinks Spring must be right around the Corner (Ned checks his chart, yup, supposed to be, we'll see).
Chart, Veritas (or any others),
Re: Bank of America
Any thoughts on it today or next few days?
I started playing with options after seeing all of the posts from Veritas, and Charts initial BAC buys (thanks for that Prof Chart). I'm just playing with small amounts. Bought $100 worth and took $50 profit, and then yesterday AM bought in again with $150. I'm still trying to learn about Implied Volatility and time decay, and for me, using small amounts of real money is the way I learn best as opposed to practice trading.
I also bought some Calls in APPY a few weeks ago, so lets get that sucker back up before March ends, or that will expire, but that's how I'll learn too.
In the past, I used to watch the charts of AXL, LEA, and TRW. It looked to me, that they went up in that order somewhat. So, when they all went up, NOBLE then followed a half a day or up to a day or two later and trended up after them. Seemed like a delay of some.
I remembered it via the Acronym ALT. When those 3 went up, in that order and if NOBL was down and the chart looked good I bought it and sold the pop. It worked twice, but that was in DEC 08, before NOBL's volume tanked, and NOBL seems stuck now.
Good luck today Trenders.