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I've been spying on you,
It seems you have a better handle on this
than I do. Congrats
Thanx, I just went back in IPII at 8.46
‹(•¿•)›
I got out of IPII at 8.84 with .26 profit per share after a double up at 8.05.
This market mostly has me on the fence,
it's still charging ahead but it's still over bought
I don't have enough confidence to buy, and I'm to
scared to short..‹(•¿•)›
Thanx Zeev, and I like the way you trade but I'm not
near fast enough to duplicate it.
I watch you more than any other trader.
Jim
Yahoo With Pop Mail , & no advertizing cost 19.99 a Year.
I upgrarded to it 3 yrs ago and I use Eudora to down load.
I like it as no matter what ISP I may go to my mail address
is always the same.
I do check it via the web before I download so as to
mark spam messages and deleat junk mail.
Jim
Are you still Or Were you Long or short IPII,
I'm holding it long , just about even right now.
Jim
RE >>Luck comes to those most prepared for it! <<
The more you work the luckyer you get.
And
We act our way into better thinking,
more than we think our way into better acting.
Jim
The New Market twist is here and it's in ETFs
http://www.etfscreen.com/etfperf.php?s=252d&d=i
and
http://www.siliconinvestor.com/subject.aspx?subjectid=26037
Jim
Take a look at the RSYS base up over 4% today
Zeev Sorry about this Dumb question,
What is A Bop ? ( short ? I assume )
Jim
LisaAu
I'm going to miss you ‹(•¿•)›
Jim
For the Time being INTC is the stock to watch if your playing
SMH
INTC 6mo
INTC
ONE DAY
Hi Lisa; try this
http://finance.yahoo.com/etf/browser/mkt?k=6&c=0&f=0
Bought some INTC AH, I can't day trade do to my boat job,
but this looks like a position trade. Put up a GTC sell
order on covered calls out in April. I have no idea if
they will take at my ask, but if they do I'll be Ok.
---
I still watch you when I'm in , ‹(•¿•)›
You got it; CAT droped $4.78 or 8.85%..
OT; Wilma
I would have never expected it to grow so fast.
At 11 am EDT...1500z...the center of Hurricane Wilma was located near latitude 17.4 north... longitude 83.2 west or about 325 miles... 520 km... southeast of Cozumel Mexico.
Wilma is moving toward the west-northwest near 7 mph ...11 km/hr. A turn toward the northwest is expected during the next 24 hours.
THIS IS WHAT SURPRISED me
Maximum sustained winds are near 175 mph...280 km/hr...with higher gusts. Wilma is a potentially catastrophic category five hurricane on the Saffir-Simpson scale. Fluctuations in intensity are common in hurricanes of this intensity...and are likely during the next 24
hours.
------
Gusts are now running as high at 215 mph. !
Jim
PS I go out on the Tug in a day or two..likely
for a 2 week trip.
PS 2
A lot of things I didn't expect to happen have happened
recently..including this market drop.
While I sold early I was just being cautious , and
I really thought that I likely made a mistake by being
chicken..however with my situation I need to
have a little longer time frame and in this market
that's been hard to call.
NVLS is trading at 22.60 premarket, that's about a 9% drop.
TXN and AMAT also down premarket.
All hope for a rally is on INTL , which is still strong,
but they better not falter on their report in any way.
Jim
SMH slips in after hours trading.. likely because
http://biz.yahoo.com/rb/051017/novellus_earns.html?.v=3
Novellus fell 7% after hours
Jim
I too think Intc will call the Tech sector tomorrow,
however I sold my uopix at the close today.
It has a small profit from when I bought in
10/11/05; it's just been to slow to climb
& one hard down day would put me in the hole.
I bought one day to soon..and I'm likely
getting out a day or two to soon.
But I can't take the pressure and work too,
so I'll settel for the bird in the hand.
( albeit it's a very small bird )
I still watch you so please keep up the good work.
Jim
Took a small profit on my SMH in early hr trading..
So now she will go right on up
but I'm still in uopix.
Yes in spite of the sox being down; SMH has
a small gain and added a little so far in after
hours, which suprises me..
My hope was just to see her not break
below 33.60, so I'm happy..at least so far :-?
---
This old chart still updates and works
http://www.investorshub.com/boards/read_msg.asp?message_id=1465400
and seems to show a rally ready to happen.
I went long late yesterday..without looking very hard.
I haven't been trading in a while, I see support around
the late June early July at about 33.60 , below that
I don't see support until about 30.00 made in mid
April.
I sure hope 33.60 holds , if it don't I'm getting out
at a loss.
Jim
I put All my toes of one foot into the muddy water of SMH at about 3:30 pm
Then about half my toes of the other foot into UOPIX for the
close.
Jim ( who has not been trading much latley )
Hi Lisa; We are short term oversold..perhaps
we get a bounce if not today by Tuesday.
I'll likely use any bounce to lighten up my
long positions.
----
Now a word of warning to anyone who decides
to do option spreads..( like I did on SPY )
Back in Jan I opened a march spread long 115 and shrt 118
Which on paper looked good right up until yesterday..
and even now if she could stay above 118
I would arb out with about 30% profit.
BUT BUT BUT what I didn't consider
-----
The 118 calls I sold got PUT to me...and had I not
checked my account in this falling market I would have
got creamed..as my 115 CALLs are droping in value
like a rock !!!
Suddenly I find myself short a lot of SPY..
that in itself is not so
bad with the market down except that my long calls
are falling in value just about as fast as SPY..
Well I lucked up..and just happened to LOOK..
Sold my calls...I then bought enough Spy to cover
the huge short position that I never intended
to open..it turned out OK; but having a ton of
stock suddenly put to me was a surprise and
sort of scary.
I was counting on a simple arb out.
Lisa; I agree we need to see what
the next rally looks like.
I sold my SMH a few days back, & I'm on hold
with my other longs; (which aren't many and have
CCs aginst them which would take some unwinding
on a rally to get out with a profit.
----
Jim
Hi the 5 day trend is down,
http://www.investorshub.com/boards/read_msg.asp?message_id=1465400
----
Lets see if this one works,
http://www.investorshub.com/boards/read_msg.asp?message_id=1465919
---
Yes they both still work..and update..
This bottom one says more than the top one.
The one year chart is still bullish..BUT
the Six month chart went from Bullish to bearish
AND the 3 month chart has gone Bearish.
I was on a buy the dip mode..but not now..
It's not looking very good ...in fact it's
starting to look bad and could real easy go to
short the rallies.
Jim
Lisa; My buy the dip thingy is shot,
SMH could go either way...so I'm out
of trading it until I see a new trend..
---
In other words the up trend line has been
broken and even if we get a bounce I will
not have enough faith in it to trade.
---
I still have a few longs ( but aginst covered calls )
If things get much worse I'll unwind them.
Meanwile the time premo will help me out.
Sure is hard to make moneny in this muddle
around confusion.
--
I'm of the mind ; that if one is not confused right
now , then they don't know whats going on.
Jim
Well I dumped back out of SMH at a small loss
there is a chance we will bounce, but
it's not for me.
I had a close of 33.06 pegged as support that needed to
hold..and it's just to close for me.
Perhaps I'll try again tomorrow..if we dip another
40 or 50 cent.
Jim
(EDIT) I put in a limit bid on smh at 33.06,
good for the day..
OPPS I got it already it went in two parts
( I like it when a fill don't go all at once )
I'm going back out to work in my garden ,
I put out some red patatoes this morning ,
and still have some Watermellons to transplant.
We may get some rain latter today and I need
to finish up while my soil is dry enough to work.
Jim
Hi Lisa; I hope I can watch Monday and Tue..
The boat job is slow right now.
I watched about half the day, but the weather
is so nice down here I just had to work on my
garden..I put out tomatoes and bell peppers, and
fixed up some flower beds for the wife.
Jim
SMH ; Buy the dip is still valid until we
bust below the FEB 23rd low..
We could test it ( 32.66 ) with a close
of 33.06..below that; buy the dip is shot..
Other major indexes also have support
at Feb 23rd lows..
I hope we don't break it..as if we do
it could all change to short the rally.
Meanwhile I'm still long and with some dry
powder that I may use Monday or Tue.
Hi Lisa; I was out on the boat today,
nice day ( down here in south Tx ) for it too.
I see we droped and closed low..and if the SOXX
closes below 424 I may change my mind about
the buy the dip..
Jim
Hi Lisa; I'm just checking in..
My longer term charts ( 3 months )show
that we switched to a buy the dip model
early in Feb..( it took longer than that to
show up on my charts) , but it's been clear
for at least 2 weeks..
How long it will last I can't say, however
I would never short a buy the dip model once
I see it.
Not that you cant win by doing so but it's just
to hard , and risky.
Jim
I'm mostly posting to let you know I still
watch your thread. I'm not trading very much.
----
Amat is my second largest stock position, ( INTC ) is
my largest. I haven't had time to short term trade, so
both positions have covered calls ( jan06 ) sold.
I'm doing better on the Amat position.
If she can hold 15 I'll make my limit. Which is a tad
more than 20% for about 15 months.
---
I'm not in pain on INTC but my position is not as
good.
--
I'm still much more into bonds and Money Markets than stocks.
The fear factor is just to low to get me into a buying
frame of mind.
--
Jim
The max pain on options indicates a rally sometime
next week..any more down side should add to that.
While I expect the put holders to win , I don't think
they are likely to win by the margin now in place.
Like 16% on INTC , and 7% on QQQ , should at least
half.
Thanx for the info, years ago I use to try
to chart the futures but they changed so fast
it gave me whip lash
---
Well it looks like I was wrong about the gap up,
this bear market has gone on well past where
I thought it would..I closed my puts
and got long to soon.
I should change my handle to TO SOON
What is ES and NQ ?
just the same I see a likely gap up in the
morning..jezz the shorts have to take some
profit soon..but I don't think we make any moon
shot..as soon as they cover back down we go.
---
I just bought more INTC @ 23.07 I've been busy lately and not trading much
out on boat for 3 days, then came in and sold some intc at 24.96
then just waiting ( until today )..
for sure we are in a down trend and may not have hit bottom
but over sold just the same and due for a bounce..
it's risky playing for the bounce under these conditions
but I'v got it in my blood.
Also just bought a Pickup ( new to me )
but it has 57K mi on it..but I got a good deal
trucks are high down here in Texas
but I got this from an old man at a steal.
I was the first one there , and it was the
first day he had it in the paper..
Before I could finish writing the check
3 more people showed up, I think he now wishes
he had asked for more.
I Got it at 2.5K cash !
I'm back out at 31.36...
I may try again today if we dip
good before 2 or 2:30 pm,
a 10 cent gain is just not worth
the risk after comish and tax.