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I wonder if anyone on the planet except maybe Cramer will take these results seriously..
Yeah- all better overnight just like that.. uh huh : )
Just like the US banks... garbage... but I guess its what people want to hear so why not!
some of these reports are being sold hard.. NFLX, WDC? EBAY its early but heck why not sell? thats the theme : )
I own one stock right now.. im sorta happy.. ill chase- its what i do best or did best or whatever hehe
heh i just noticed ISRG.. hey, this is really turning into a bloodbath.. frick!!
I have alot of green on my screen and I dont mean short ETFs..
im so out of whack with this market its really weird.. more big reports coming after close but does it even matter?
Beer Susan? I just grabbed a 12 pack.. actually laying off the beer this summer- its been too hot I actually am pounding water these days.. Never in the last 20 years of my life have I had to run the air conditioner all day like im doing for the last 6 weeks.. non stop. not a big deal to you but in nj?!? northern nj?!
Is there a way to profit off this heatwave/drought??
This summer is a record breaker.. it looks like september when I hike. everythings dried up, dead,...
I hate sounding like a perma bull, but the cracks in this market already appeared earlier today when we sold off the gap.. This same pattern of fear and uncertainity, and wild swings.. Kinda makes this -100 drop seem less impressive..
Im almost entirely in cash so believe me im not putting my money where my mouth is here.. but technically speaking this is all part of the process that developed after that huge mystery -1000 spike down..
day lows just posted on the indices... nice.. pizza and beer tonight.. gotta feed that ulcer im working on : )
o/t- my favorite movie of all time (aside from comedys) is the movie Contact.. I love the ending : )
Yeah a real class act he is.. reminds me of greenspan and also jack welch from GE.. both walked away famous, icons, legends.. and yet both of them destroyed the undestroyable..
mAtter of fact- everyone in place right now in our leadership are almost all entirely responsible for this mess and yet they are still in control of the ship.. Thats why its so easy to sit here and say we are far from past the worse.. in fact, we are probably not even in the first inning of the disaster thats facing this country..
We need superman.. or god.. or santa.. i dunno, I figure ONE of them has to really exist just not sure which so im waiting for one to appear and clean this mess up so we can get on with life : )
Man that was such a nice setup into the close.. poof, gone just like that.. IDSA is all I hold, and Ill hang on to see what rest of week offers.. This market is confused but very liquid... anything can happen here..
Hey Hans! I have a buy stop to add over the high.. you know me, id rather chase it then get a discount.. last few times I got stopped out on the core because this markets pure skitzo.. but I think this makes the 3rd report these guys have beat, guided higher, and then mid way thru raised it again.. Im still holding out that this market has alot more upside in it but geesh that optomism sure is hard to keep with these kind of moves..
One heckuva a tough year for me this year.. so tempted to get back into scalping, but whats holding me back is the emotional aspect is just too much of a drain? also ill be competing against these slimes that have mega computers doing the scalps.. also the biggest red flag is every pay site I have ever been a member of is now pushing via email more then I have ever seen before so that tells me membership is dropping just like traders are dropping like flies : 0
Hey ill tell ya this much- im in the best shape of my life.. Some days I even do double header hikes, am and then again pm.. Im now having trouble keeping weight on which is a wonderfull thing for a slob like me : )
Im holding off one more buy to see if we can sell the news like everything else out there.. THis is one sick acting market, so anythings possible..
boy Ameritrade and all the brokers must be hurting tho.. Im doing not even 1/8th the trading I did last year.. thats gotta pinch them : 0
Got myself a nice chunk of IDSA again, this is like the 4 time around in this one this year.. but this time its not a trade- its in my IRA and will sit there for new lows or new highs, whichever first..
You know Lizzy- another interesting thing about Apple? even after Steve came back and turned it around there was hardly a soul behind it.. all the talking heads, all the fund managers- anyone who suppsoedly knew what they were doing avoided it and therefore missed out on a huge winner..I still see alot of that bitterness when people talk Apple..
Of course- the flip side fo that is? all those same people are the ones who just cant get enough shares of C or BAC or any of the other banks that will eventually just be a zero bid after 'stealing' billions of our dollars.. The crowd that reads barrons religiously and when it says C is a steal they dig under their couch to make a purchase..
NEver did understand that.. never will.. Hey- Michael dEll was one of the first to bash Steve Jobs.. of course look at how Dell is doing these days.. Flooding an industry with inferior product and making barely 1 penny proift and just stealing market share/destroying an industry only takes a person so far.. Michael Dell couldnt even clean Steve Jobs toilet imo : )
Im long SOLF, NTSC here.. being real carefull after the beating i took last week : )
I need a keg tonight.. not a beer, not a case, a freakn Keg...
: )
Im starting to realize in life almost everything is rigged.. id give anything to be 5 again and just believe in everything, right down to santa and the tooth fairy..
The qwest for the truth had an unintended consequence- the truth sucks!!!
: )
I dunno Lizzy- I think the hedge funders and other naked shorters are getting slammed alot harder then we are.. We still have one advantage and thats our size.. Can you imagin what it must be like to hold a sizeable position in this market and wake up to this insanity every day?
HEy- Im not defending them.. they are criminals with glorified titles just like all thepeople who runs the banks in this country but I think we will survive all of this much better then them...
I hope.. gulp : )
Hey- I have one green thing on my screen today.. SINA.. who gave that stock steroids today?!?! and why? ; )
:) im not giving up yet George! I was joking to someone on another site that I ended last year risking 2% on each trade I took.. Then I went to 1.5, then 1.00.. the 3/4 of a percent... Whats really making it tough is no matter how hard I m anage or reduce my risk? the swings are so extreme? on a day like today you can have 5 positions and every single one will take you for that max loss.. it adds up when week after week you have days like today where right across the board everything gets slammed for max allowable loss..
and boy I swear- if I get one more email pushing a pay site? all saying the same crap.. Ill bet your losing! join us, the winners.. rah rah.. I didnt get a single email almsot the entire year last year as we went straight up but now suddenly everyones coming out of the woodwork :)
Today really hurt becasue they did that huge rally at the cvlose yesterday and turned a lousy day into a pretty nice one.. and bam bam they took it all back today and then some..
Im getting too old to paint... sucks we cant collect UE as traders.. eve3ryone else is!!!!
I love AAPL.. and Steve Jobs...
sooooooooo....
: )
Pretty soon im going to have to dust off the paintbrushes.. either that are find another winning lottery ticket.. 2010 now is officially a red year and I fear if I dont stop now? it will get much redder..
I cant trade this.. so in keeping honest? I just had to post that in public.. If anyones making coin in this? bless them.. I stand in awe...
Even my buddy carl has switched to what I call 'creative technical analysis'.. Once one level is broken he simply changes his numbers and forgets the last forcast.. Looks great when you read it each day but had you tried to actually trade it youd have been whiped out long ago following his forcasts..
Time for smoke and beer...
I love AAPL.. I havnt bought a toy in years but I bought the fully loaded Ipad? Im actually starting to read books (Ibooks) again for the first time since I was forced as a kid to read the bible : ) : ) Ipad is basically everything I ever dreamed of when I bought my first slim line calculator in 1973.. I still have that damn thing : )
I love it.. they are firing on all cylinders, because to me? it was worth it.. I didnt need it? but it sure enriched my life and made alot more flexability.. and I paid the huge premium- overpriced.. Apple has the edge right now.. so they get huge profit margins.. Michael Dell has nightmares about margins... Steve Jobs names what he wants to make..
Ill pay 3times as much to buy a meal at a quality resteraunt 1 time a month? rather then go to burger king 8 times that same month..
I shouldnt knock BK.. I love em.. and its very reasonable : )
Let the chart folks have fun with AAPL for a few more days.. So caught up in the ancient religion that was once known as TA they will create an even better catalyst to the upside when it reaches new highs : )
hey- my money ISNT on that call by the way.. im short term trader..
Boy.. I love this gal... :)
dont know much about her, but any gal that can move the market just by sneezing? Im in love..
http://s.wsj.net/public/resources/images/OB-DJ593_fof_me_G_20090327151853.jpg
Lizzy : ) Long time no type.. and yeah, mostly because the market stinks on my end too so im spending more time away from the screen then at it just to keep my cool hhehehe..
I still keep thinking back to that day we dropped nearly 1000 points in seconds.. I seriously thought the worse and was convinced once I turned on the TV id find out we were under attack... but it sure exposed the market for what it has become and that is one big computer driven market..
but all the negatives aside? I think once we learn to manage it? This will actually work to our advantage.. Look at last year- straight up.. Fundamentals were lousy, the banking crisis was always a big question market, and yet the market just did a straight line up.. This year we seem to be doing the opposite- but ill bet once we find solid footing and move back over 1200? we will do the same march straight forward over 1300.. I blame this entirely on computers? and last year was by and far the best year I ever had in the markets and I thank the computers for it.. I havnt been shorting much lately because I chase momentum now? but Ill bet shorts made a fortune the last 3-6 months..
People simply got too use to relying on charts/TA and it became self fullfilling, and as a result we just got fat and lazy.. I never cared much for technical analysis or silly cycle reads (which I still cant figure out who if anyone makes money off that junk but whatever).. so seeing this has made me somewhat ecstatic.. It forces people to actually think a bit..
but hey- who can sit there and ever say this was easy? You can spend less time and find a m uch easier job studying to be a doctor, lawyer, rocket scientist or president of this country then you can learning to trade.. You have to have a passion for this? but when I see everyone yapping about how i9mpossible its gotten it has me scratching my head wondering when if ever it was easy?
Gluck to you... keep at it.. the good, the bad, all part of it.. these are strange times we live in.. alot of uncertaintity.. Im trading about 1/8th the volume I did last year this time.. All this free time- dont know what to do with myself : ) but I certainly dont ever see my trading career ending.. Hedge funds and the like are just a buncha people like Cramer- alot of intelligence? but they cant trade, and after a few lucky years they wind up going where the easy money is and thats by putting on circus shows or pay sites/newsletters so they can let the fools try and trade and they take the easy money with alot of fancy smooth talk..
Cramer is still on TV.. and look at his record.. nuff said..
Trying some CELG here at 50.9, and will buy into a little more over the high of day with a buy stop..
Takeover monday :) Im feeling lucky..
whatcha doing for the fourth? the construction next door stops for the weekend so im going to enjoy.. my life has been hell for 6 months with this job and the contractor from hell.. A leaf blower bothers me so I cant believe I Stayed here thru all of this.. just a real stupid move but tough markets made it hard to get motivated to leave and buy something..
ARNA another stock id buy over the high here.. worse that happens is we gap down another 300 points TUrsday.. no bigge, getting numb to it by now hehe
Enjoy man!
Yeah hes riding high right now thats for sure.. problem is now he is starting to tell ME how to do things : ) : )
You see DNDN? Boy- I guess you hadda see that coming even tho I really didnt? but these drugs are getting a litte out of hand... who can pay for that treatment? its insane.. I understand it costs a fortune to bring these things to market and success rate is so low but good lord..
UPDATE: Dendreon Falls As Medicare Considers Provenge Coverage
Yeah although I think he may have bought back again at the close so he may be pushing his luck heheh.. One thing I did teach him that's been helping me a lot this year is buying in pieces...
Hey ya know the battery life on this iPad is astounding! I pretty much go all day without a recharge.. My first web avail phone had abojut 45 mins in it, real pain in the rear that was.. I love this thing...I keep thinking how great it would have been if we had these as kids... I actually use some stock scanner apps that work really well...
The no flash is a bit annoying but other then that...
I closed out that BIDU at the close.. As usual I took quick profits which I'm sure I'll regret but just so tired of waking up to these insane gaps up and down lately I'm starting to feel shell shocked...
Funny thing..my nephews portfolio is blowing mine away. First with his bp short, and then yesterday he bought Tsla when it opened for trading...I may have to stat following him into trades... I have Jo shame and will mooch off of anyone for a buck!
GOOG right at that line in the sand.. will be an interesting last hour here.. flip a coin : )
Im ready for the weekend.. funny- never before in all the years I traded did I look forward to holidays/weekends.. These days? I cant wait.. like a kid in school waiting for the bell on friday afternoon... Chit just takes its toll on you when its tough grind like this...
Lindy- my best memory of those days was looking at CNBC and they had the movers/losers of the day? and the entire screen was like this:
QCOM +150
CMRC +300
NTAP +130
it was pure insanity.. beyond words.. wont ever happen again thats for sure ;)
argh I wish too- I did get lucky tho, I bouight the first break over $11.. and then seeing it go up yesterday while we dropped -300 was sorta extra special : )
Now im kicking myself of course because as usual I sold too soon.. I have a break even stop on my BIDU short now so Im hoping I can get a cover down around 68 later today or I may hold this one for a few days.. Actually isnt the days ahead of the fourth generally bullish? wonder if that will be the case this time around.. WE sure are oversold, but fear definately seems to be lacking here...
I need some cash for fireworks : ) : ) and beer..
Tanks! of course usually those are the ones im short on days like yesterday and they go sky high just to fume me : ) : )
One tough market for me lately... I have been sitting it out for the most part, but its amazing how you can have a year like 2009 where everything works and then 2010 comes along and bam!
I was certain we would have one last hurrah but its really looking like fundamentals are finally starting to matter? Maybe just one last hurrah... but I dont see much to be positive out there- same mess as yesterday, only alot deeper in debt and alot more snow j obbing on tv to make everyone feel good.. Always a basket of chear I am : )
Talk about strange eh??
: )
I just shorted some BIDU 69.85 .. Cramer pumped this one a bit ago, so that and a lousy chart spells a great risk reward.. letsee if I can lose this IDT profit as quick as I can say booya!
IDT worked... and keeps working..
Not sure whats up with IDT but I bought a bunch over 11...
Hans- watch IDSA.. I grabbed a bunch at 12/12.10...
not a day trade of course..
This is one tough market.. My approach the last 4 months has been not to worry about making money? but rather just not blowing up, dealing with it and waiting... Its frustrating tho.. Hope your accounts doing better then mine : )
Hey Seward- thanks for the heads up.. been a long time since I looked at CRXL and as usual its dirt cheap.. funny, when JNJ bought that huge pile of shares at a premium? the stock imploded and I think that might be behind it now? After all, everyone wanted a buyout not a buy in but nothigns changed and you know how I feel- in the end its about fundamentals..
I sure thought the market was broken but looks like Carls forcast is still in play errr with a buncha asjustments but heck thats what technical traders do right? if it dont fit, just make it fit after the fact with a fancy explanation hehehe.. I preferred Zeevs terminology- Overshoot, undershoot..
Geesh what a year eh? tough stuff.. but with the time I save not shooting my mouth off in public these days Im using it to try and grind out a buck.. but definately getting away from the screen alot until the fall.. 1300 here we come??
Im long IGTE and PPO here.. ANV, EGO.. Chasing the momo as usual : )
You know Baletwine? I actually havnt had a cell phone in about 7 years if you can believe it.. but the Ipad was just too sexy to pass up on and my trading has been really lackluster so I needed to treat myself to keep my spirits up ; )
I am long TYP here from 9.1/9.2, but in this market it can reach 10 today and then tomorrow open under 9... So my allocation is a joke and ill get a pizza and beer out of it if I sell over $10
This markets broken.. one big busted mess..
Heya Baletwine! Hows this insanity been treating you? I know someone other then just AD has to be nailing this for coin heheh.. I think when I switched from scalping to more momentum/1-3 day swings I somewhere along the way forgot how to be a bear.. I just cant seem to get a handle on the short side so I figure best to just take it slow and catch up on some drinking and cartoons : )
Really loving this Ipad.. I know its an overpriced toy, but it reminds me so much of when I was probably 7-8 years old and remember the first calculators that were slim? they didnt even have memory options but slim as a credit card and my brother got me one for my birthday.. Hadda cost him at least $50 bucks which in the early 1970s was alot of money im told.. I still have the calculator.. Funnier still? I took the Ipad to my friends house the night I got it and his 8 year old immediately fired it up and was manuevering his way thru the screens and right to the Apps to buy a game.. Im still having trouble with my TV remote- geesh ; )
Be well- I never really go away.. like a bad cold.. cant get rid of me!
Ok AD.. Im all cash.. and plan on not taking another trade perhaps till end of summer.. Im still green a bit for the year but in almost 15 yeasr of trading I have NEVER seen such a broken market..
This is what happens when you manipulate day after day for hte last 2 years..
I wont short, wont go long.. just cash.. all that 401k money just sitting there.. dumb, fat, complacent idiots..
go buy some C yeah yeah yeah! right.....
gluck to you.. nice call man! Grabbing my cash with both hands and making a stash hehe..
Fridge stocked with beer...
Yo AD : )
I saw the bid on BP just now.. Congrats! My Nephew shorted 75 shares at $49... being part of the same blood its no surprise he quickly turned to the dark side..
Make sure you tune into (c)ramer tonight... He recommended it at $49 and said it was silly silly oversold and look for a 5 point bounce.. Stock drops to 40, then bounces to 45 and he claimed victory/bottom... I use to find it sad he had so many followers? Now I just find it extremely disturbing.. Kinda reminds me of all this talk of recovery and buy the banks.. We really all have become fat piglets in this country just floating down the river for the free ride.. One last harrah and a major bull run next month or two and that will be the top.. Then its just straight down- I doubt many people really know whats coming for their 401ks.. Citi and all those $0 bid stocks had to rape them all first w/worthless paper but they still wont survive..
Have fun! New Ipad was worth every penny... gluck out there! Keep in touch!
Tuna- congrats to us on AMCF.. that bugger came about .03 from my stop yesterday and today I took some monster profits as it was nearly a full position..
Real nice...now if I can get USU and BELM to crank id be even happier but im just about done for the week.. nice to make money again : )
stay in touch- im not active here these days, and recent stalker hassles making that very easy.. just not worth my hassle anymore- getting too old.. need to chop my fingers off so I stop : )
Sure dissapointed in the close but it was a weird low volume sorta day so I hung on, but I didnt add to the AMSC.. LEtsee what tomorrow brings- its like pulling teeth out there for me : )
hey- I was just private messaging someone about that one.. How are you Tuna? Great to see you! Im loaded up with AMCF, and if it can get back over 7.5/7.6 area ill be adding another position : )
If those numbers arent creative it sure is worth the trade thats for sure..
Heya Susan : ) I think I was hitting the wine bottle a bit too hard last night with that NOVL trade hehe.. but when I have some profits to play with I just love taking trades that are off the wall- in other words not based on fundies, charts, or the tape.. Just past performance..
Ill be the first to admitt I havnt looked at NOVL in ages- but there was a time where they owned a pile of real estate in the absolute best locations- im curious if thats still the case? but the name is what I think will give it more of a $8-10 price tag.. if anything the volume and liquidity of this bugger makes it fun.. anything can happen : )
Glad I held the 2nd half of that.. all fun shares, but im going to leave this and see...
Watch PSID as well.. if it can take 1.8 and hold with some volume..