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BAC LOOK at the rats jump from the ship.. Guess I sold too soon,
Saw a post at the lion that made sense,, the weekend news paper reader trader will probably sell come Monday?!?!?!?!?!??!
This market looks like it is going to puke all over it's self.. re-looking at a bac daily chart, there is not much holding this up till 12.. I will play around with charts when I have time,, I found the link to the help.. thanks
how do you post a chart here?
Back to the fight at 15 LOL
I am kinda torn what to do with my remaining puts,, I am pretty sure I will hold them as long as the 15 now resistance is not broken.... If we are having a repeat of last Oct, the SP and Dj will probably finish green today LOL
This looks like dip buying,, vix still high.. sold half my bac puts at 54 from 27 entry.. now sitting on free puts and calls plus a little cash
I am a bull by heart, but you have to admit we are very over bought on an economy that is still in the crapper.. Burned my free posts had to search for a free trial link LOL..
Watching level2 on BAC, see all those 15 limit orders come in...
CIT Halted,, guess new deal with Icahn??
I understand,, A lot of days I just jam to music when I am in trading scalp mode.. Today just sticking my toe in... Market as a whole just has a feel it wants to tank.. I think after the run we have has since march.. you are going to have ALOT of people/funds/etc to book profits, I think some of these up bounces we are seeing now, are the one who are late to the party but, the party is starting to feel like all the food is gone and the booze is about to run out .. .. Depending what the EOD brings, I will look at getting into some longs for Monday swings.... Watching Oil/$$ and vix closely.. and sitting on my hands.....
will be a good trade if we bounce.. Don't know if you watch CNBS but, the CNBS bulls are sounding scared..... We now have given up all gains from yesterday.. Like I said yesterday, starting to have Deja vue from last year....
Looks like ur amzn is finally breaking down..... I know why you want bac to pop,, I remember you adding calls yesterday,, are you still holding ur puts??
sp 1048-49 chop chop chop next big move anyones call.. I say up uup starting to tank and macd on the vix is reversing
I have not changed my bac position yet.. I almost added somemore puts yesterday, kicking myself now.... Here we are again 15 will she hold or blow... I hope blow because I have been in this longer then I thought... 1048 watch that 1047,, probably bounce here till the big money figures out what way they want to go!!!.. Vix is climbing nicely
I saw that with dsco,, have played it in the past.. thought it looked pretty cheap the other day but, didn't jump.. has a history of bouncing back,, kinda like ctic but, that has been dead for a while,, I have some NS LEAPS in CTIC,, bought on a run some months back and did not relize till after I bought they were NS, OPPS
I hear you on the financials but, feel a move coming soon in bac,, it has been moving too sideways for a while.. .. Here is a quote from a book I read "For as long as a stock moves sideways it will make the equal move either up or down"' or something like that.... Will be interesting if we breach 1047 today.. the dollar and vix creaping up here.. the $$ is back into Weds levels..
the only thing I have done today was scalp FAS for .33 cents for beer money.. May try it again if it looks like we roll over here again..
Hav been watching har but, the chart really has a nice up trend.. If you are buying puts, I would real close ITM and play the over bought tank.. imo I have not done DD on them so i don't know what is underlying
Thought I heard the bond holders voted for a pre-packed BK and was going to File Sunday/Monday
MAXINE WATERS NEEDS TO GO DOWN,, Not to get into politics but, THAT woman drives me insane and can not figure HOW she got to the position she is in.. She and Bend over Barney are some of the leaders into this whole mortgage mess.....
CIT, unless you are going to day trade it, I would wait till they get moved to the OTC, then when it tanks there,, scalp the crap outta it....
Want to see a Fun/expensive options chain BRK.B Never looked at it before.. Might be worth a few 100 $ gamble LOL Gotta love the ITM's
Heres a penny for you then, I am waiting to get back in CBAI , have traded this a few times.. I am waitng for an enrty below .0057 and start swinging out of it ..0075 on up.. Had news today so not touching it but, it should be do for a tank soon.. Runs with stem cell stocks,, There is some chatter on the Lion this morning about stem cells so we may be in for another run with them soon..
What is nice about cord blood. it trades a lot of shares per day, so easy to get in and out.. unlike most other sub-pennys where you could have a order in for hours to fill.......
""""I used to play bank russian roulette, wait for eod friday for banks like cit, that are rumored to go bk over the weekend,""""
I did the with LEH, I will not even tell you how much $$$$$ I lost. All I can say is it HURT!!!!
JB Smoked me out?? If you all were not talking about them the other day I would not have even mentioned it.. I trade EVERYTHING.. Personally I think all pennys are SCAMS, I love the dreams and pumpers telling me I am going to be rich from their pumps. I like them because they are cheap like options and they don't expire.. Plus you get one with some MOMO with all the dreamers they can FLY.. Most of the Ad's you were reading this AM are nothing but penny pumpers, if you can get in early before the pump gets going. you can make some $$$$ but, if late all I can say is Bag holder.. I get about 50 emails a day from promoters.. Here is a good video about pump and dumps...
Then it just needs to DIE for now and head below 14.. Who was lokoing for penny plays here? I have one I am in (and under water a little) ZVTK. they are pumping out PR left and right, and suppose to be launching an US infomercial soon. IF that happens this thing will probably be on fire soon.. I would not buy here, wait for a pull back to the .0015 range, IF this pans out it should going sometime in the next few weeks when the adds hit.... Personally I think the product is BS but, they say a sucker is born every minute
With any sub penny play my advice is ONLY USE LOTTERY CAPITAL as with options you can lose 100%
Resistance that is broken most often become support... Looks like gap and chop for awhile here..... Well maybe not, $$$ going higher.... Alaska huh, Can you see Russia from your house?? LOL I would love that time zone for trading, be done by noon 1:00 and still have rest of the afternoon....
But, I am not sure if I am ready to give up my shorts and flip flops for parkas and snow shoes... About 75 degs here, windows open and in shorts.....
Oh we have internet in Florida.. One thing you have to keep in mind about the FL-GA Game. it is called "The Worlds largest Cocktail Party"
http://en.wikipedia.org/wiki/The_World's_Largest_Outdoor_Cocktail_Party
I'm getting a late start too! Looks like a down in the range day.. CIT going to file BK, MTW missed, Finanacials looking weak.. the Dollar having a little spike this am,, Asia closed close to their highs,, Europe heading down and the White Horse is defending everything telling us "it's OK" Now I'm scared LOL Need more coffee!!!
Weak Dollar Can Only Work So Long
On March 9th 2009 the DXY(U.S. Dollar index) was trading at high at 89.10. The DXY is the U.S Dollar verses a basket of the six largest currencies. This time frame in March was the low for the stock market as the SPX was trading around 667.00. The dollar was strong as the fear in the market was at it's greatest level since the "Great Depression." Investors and traders alike were looking to hold U.S. Dollars more than any other currency or commodity. It is important to remember that the dollar is the worlds reserve currency. Most of the commodities in the world including oil are traded in U.S. Dollars and British Pound. With the exception of gold when fear hits the marketplace investors want U.S. Dollars and not the Japanese Yen, Chinese Yuan, Brazilian Real, Indian Rupee, or even the Euro. They simply want U.S. Dollars. The only other currency that any investor or trader should want is plain gold and silver. Gold and silver have been the real currencies since the beginning of time and we suppose this will remain the case until the end of time. That being said, if you don't own gold it is proven that in times of panic investors want U.S. Dollars. Since the dollar began it's decline the market has had a rally for the ages. This is the best rally since 1930 after the 1929 stock crash. The only bad thing about the 50 percent rally in 1930 was that it declined to new all-time lows after the 50 percent bounce.
Then we must ask ourselves a simple question, why has the dollar declined the way it has since the March 2009 low? On October 21st 2009 the DXY hit a low of 75.00. This is a decline of nearly 16 percent from it's March 2009 peak when the DXY was at 89.00. The dollar was apparently driven lower to boost the stock market. The marketplace has been flooded once again with cheap money or in other words lots of printed money. This does benefit many multinational companies that export their goods. It also benefits many foreigners who can buy cheap U.S. goods and services. The problem is what does the U.S. really produce? The U.S. has become a service industry nation over the past 30 years. The weak dollar does not benefit the U.S. citizen that makes their living in the United States. The retired citizens that live in America are not benefiting at all from a weak dollar policy as they are having their so called savings vanish in thin air as they sleep. The weak dollar would also cause goods to increase at stores such as Walmart who import virtually everything they sell. Now the consumer must pay more for imported goods. What about the flood of so called baby boomers that are set to retire soon? How does a weak dollar benefit them? They will soon be in the same boat as the retiree. The only people that benefit from the weak dollar are the foreigner and other nations in the long run. So why is the Fed and the Treasury so bent on having a weak dollar policy?
There can only be one answer to the weak dollar policy and we do not believe it is to boost weak U.S. tourism or have more foreign investment. It must simply be to fight deflation as there does not seem to be any other logical reason. When oil reached $147/barrel in July 2008 on the back of the weak U.S. Dollar it was one of the catalyst that broke the market. The U.S. consumer could not absorb that kind of spike in oil and it probably cannot absorb $80/barrel oil at this time. Deflation is interesting subject, the Japanese have been dealing with deflation since 1989 and still have not found a solution or cure for the problem. The move to push for a weak dollar was an obvious attempt to get public confidence higher resulting in a consumer spending binge. Inflate the market at all costs seems to be the current plan. Stimulus from all angles has been and is being thrown at the consumer such as the "cash for clunkers program," $8,000 first time home buyer tax credit, bailouts for the so called "too big to fail institutions," and bailouts for the car companies.
What ever happened to good old capitalism when bad business was bad business and companies were held accountable and actually failed? Why have the regional banks been allowed to fail and not bailed out? Instead of "too big to fail" banks we have "MUCH too big too fail" banks. Soon there may be just 3-4 banks left at this rate. What happened to competition? This is not a sustainable system never mind a healthy one.
We hear that the U.S. citizen is now saving and doing much better. What about the government saving and doing much better? We hear that this is the next bull market. Well, real bull markets occur with a strong currency not a weak one. We hear that a weak dollar is not a problem and is actually good for the stock market. Gold is not telling us this and is actually saying there are some serious problems out there. We hear a lot of things, all while unemployment is near 10 percent according to the governments books and another house goes into foreclosure every seven minutes. The one problem is that the people on Main Street are not seeing the same thing as the people on Wall Street. If a household or family cannot spend there way to health how can a country or economy do it? Isn't this more of the same policy which placed the U.S in this boat in the first place, isn't this really the problem? We shall know soon enough. For now it might be a wise decision to hold on to your jewelry.
This was from inthemoneystocks. really good traders and some interesting view points... B
GO GATORS HAVE A BLAST IN JAX
You Too!
If we go up tomorrow you may want to hedge that with about 1/3 of you call position with some 15's or 14's puts With the way this market is acting you will probably profit on both...
The thing that is starting to bother me about going long between now and the end of the year. earnings are about over and there is not much else to drive this rally..
Not sure what your position was in it ?? Hope you made some $$$$ I have not bought or sold a thing today.. Guess my heart just was in it today.... Looks like we are going to go out on the highs.... So tomorrow will probably finish red after a nice pop in the morning.. Go from oversold one day the over bought the next day.. starting to have Dejia vue from last Oct.... will be interesting to see how Asia reacts tonight!
Wonder how deep the profit taking is going to be into the close???? Looks like the market is trying to roll over....
GS FAS and most other financials are at the HOD BAC you can do it.. I am starting to see some decay in the Nov options.. this thing needs to break out the whip to get some value back!!!
Somehow I missed that candle from the 1st with the res we are at.. opps... almost 200 mil too, COME ON BAC YOU CAN DO IT!!!
WOW, stepped outta the office for a few mins.. It can get it's self done all the way to the 17 strike... Oh heck it can go to 20 would not hurt my feelings.....
What strike on ur amzn puts? Looks like it is trying to break down but, that 120 support looks like it keeps holding
Look at those sellers at .50
BAC is sure having a hard time with the 15.50 res, if we break it we should pop to about 16.10ish what looks like the next level, then 16.75 then 17 looks like it could be tuff
Guess I was wrong.. Nice little rally but, for some reason I am not very excited.. thought bac would be doing better with a 150 pt dji move.. We are now just getting back to tuesdays highs.. what strike calls did you get?
LOL I understand.. I am leaving my position alone for the moment.. Watching to see if it holds this trend line... macd flipping again... and I will be in and out today so I want to enter anything that I ahve to watch hard..
Mkt up today but, I don't see and hard conviction on the bull side.. my short term thinking is that this is a oversold bounce?? But, I have been known to be wrong before LOL
As long as these elected idiots are on the tube, unless they say something important we will probably chop along here....
AA, LVS, MGM having a nice day.. No position in any
Good Morning,, just sitting here watching to see if this is going to be sell the news.. I think we need a bigger correction and if you take out the Gov't Check book outta the GDP number,, it still is pretty ugly.... then Jobs,, ... Keep an eye on the UUP if it keeps tanking we should rally higher....
Guess i should have pulled the trigger on MTW yesterday.. they got an up grade this am also.....
BAC even thou it is up, it is not looking real healthy this morning MACD still headed down..... Actully all the financials look like they are starting to roll over....
Thanks for my "Mark" even thou I am not sure what that is. I know what a "Ban" is as I got a temp ban against me on the ipwg board. And all I was doing was posting DD and verifing rumor/BS/Dreaming.Oh and defending personal attacks, Oh well, I guess I did not share their sub-penny pipe dream and they got me banned from their little niche, Let them pump, dream and ignore the truth, or as I call it "Pink Sheet Pipe Dreams".
Thanks for inviting me into your little group, from what I have seen so far you all are pretty decent people and NOT PUMPERS or Bashers.. I may not always agree with you but, I will not bash you. IMO more heads sharing research/DD/opinions the better because none of us are ever 100% correct and different view points always make for a better decision..
JB send me a real mail to bradtyler at aol I will send you a ton of links for doing DD that will help with your learning curve
GoodOl, Have a GREAT time in Jax
Happy Hour for Me,, I can hear the ice falling in my glass now :)
GO GATORS!!!!!