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Da cheif has brought it to attention. That can count for above radar.
Where is this run coming from, I don't see anything pending ?
Pitch some dollars at .17,see if you get filled lower. You probably will get filled lower.
So the deal here is : funding. Will they get it or not ?
thanks keep us posted !
No, no id what happend with wahz. Weird.
If you like fire works, Fre should give you a show on monday.
feels empty in here, anybody having fun ? Think rally is over for a while
FFIV did superb
anybody playing CIT ?
What goes around comes around. In my language : loontje komt om zijn boontje
here comes the pull back diesel
Diesel. Where do you see us go. 200DMA to hard to handle ? For now.
. A good blog i follow. snotwheel.
We just updated our performance for the first time in a while, and after one year on this blog, we are down 6.8%. The Dow is down 30.1% over the same time period. Not a great year for us, but we did manage to not lose big, and that's what 2008 was all about.
As for the market, we were hoping for Dow 9,000 as an opportunity to sell some shares, but we're hitting a major hurdle right now. We've run into the all-important 200dma. The 200dma is universally used to distinguish between bull and bear markets. It's the dividing line, so to speak. Technically, this would not turn into a bull market until we're trading above the 200dma and the 200dma is moving up as well. This takes time. For now, though, a significant break of the line would be a major milestone for technicians, and give hope to all that the market has finished its slide.
If we were more heavily invested at this point, we'd be lightening up on some of those shares right in here. However, considering we're only about 1/3rd invested, we're just going to wait and see. If the market does get rejected at the line and resume its fall, we'll just be adding to our position all the way down. It's hard to believe that we could possibly launch any kind of sustained bull market given there's no new industry or invention driving it. All we've really done over the past couple months is make up for a severe over-correction in the market. Hardly a bull. If we had to guess, we would vote that the market drops from this point. However, Government Sachs may have a different idea for the near term future of your 401k that we're not privvy to.
Thanks Fletch. Look at ARRS, been calling that one for a couple months now. My target is 15 on it.
yo fletch. I'm ok. Don't think your chart got posted. Later.
Filip
city group : pot 145 target
ray : sons over 2 now
POT gets 150 dollar target
I used to trade that one back in the old days a lot.
Diesel. You ok ?
drys e were good apparently
AXA Diesel. General assembly today.
ARRS great e ! Already over 10 dollar
diesel, where do you see the markets go ? 50% cash again. BRCM did great.
DKS 20 D
diesel, do you know a forum where they actually post good stock picks ? Think we dont do that enough.
boom; on good news
Diesel. DRYS ?
Diesel. ARRS. I know what you are going to say. Not good. But just came out with e announcement. Its a gamble a admit. But i like the sector. (FFIV eg)
10.14 now
Back in AXA 9.65 (euro)
thanks, Diesel. Sold at open.
we are entering rollercoaster mode. E's are here. All eyes on alcoa. First major one to jump in the water.
Diesel Sold AXA at 11euro ... looked toppy to me ... .
BTW diesel. Bought a ton of rimm at open. E were to good to pass by. This one will be in vogue for a while. The herd will be afraid not to be in. IMHO.
i'm about to sell, based at the 4year chart, unless it breaks it.
DKS 16.60 Diesel Never understood why you doubted this trade
The chart above shows the S&P500 index (SPY) as of the close Friday. It broke and closed above both its 75dma and its 100dma. It's truly at an inflection point because the break is not yet decisive. If the market sells off from here, this will just look like another rejection at the 75dma like all the rest, despite exceeding it by a bit. It's uncanny how precisely it turned around the last 4 times when it reached the 75dma.
We believe that the market will move higher from here, but it all depends on the next session or two. If we have another big up day, then the market will have changed sentiment in a big way. In that case, we could make a run for the 200dma at Dow 9400, S&P 1000. Of course if we did actually get to the 200dma, it would be a little lower by then. The 200dma is the dividing line between bull and bear market. If we did get that far, we would have a very tough time breaking it. We would probably be rejected at that line 3 or 4 times.
We continue to be convinced that the market has bottomed and that the economy is showing signs of life that will hit Main Street in 9 to 12 months. This does not rule out a drop back to Dow 6500-7000, but it would be a gift. Our prediction for the long term is that the market will go sideways between 7000 and 9000 as it consolidates these recent great losses and puts in a solid base from which to launch the next bull market. This consolidation could take anywhere from 1 to 3 years. We believe that the 10 - 20 year consolidations of the past are not applicable today. Everything happens in a very compressed time frame today, although the basic principles haven't changed. We'd be very suprised if the next great, sustained bull market begins any later than 3 years from now.