Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Patrick, he did it before RIMM also. Actually in his morning update the date of the report, he told everyone to sell BEFORE the report and not take the chance (no mention of a straddle or anything). When RIMM moved up, he says "If you had bought RIMM you'd be rich" on HIS thread, too funny. Now can you imagine if KLAC hit his target of 50 (for sure!) how he'd be ranting and raving! Now that KLAC was below 40, its quiet in KLIC/KLAC land!
SNDK? thanks I appreciate that you learned something today! I thought you said you BUY and HOLD UNTIL ONE DAY before the report and SELL. Where the wind blows OJ, but I'm glad you got my post earlier on iHUB. It's about time you got a winner, stay tuned to folks on this thread maybe you'll get more. Bearmove gave you great advice around the 8th to take your profits on the semis and sell, but you ignored that advice also. Just bookmark bearmove, Zeev and a few others and even you might learn something. <VBG> Hey, its FREE as it should be!
SNDK, AAPL looks good, as well as the QLGC calls possibly over the puts too soon to tell. If QLGC moves higher in the next 20 minutes, I buy a long after hours as well to add to the position. By the first morning trading we can get an idea if we power up in any of these 3 and add actual stock to positions. Did the same with INTC and JNPR and that's the way to trade earnings season and not buy and hold through earnings or hold long (they were all down) until one day before the report. NO CHARGE for information and not strangling on a dozen semiconductors. Simple level-headed strategies for a season that is fraught with surprises. (Usually the lower they go before the report, the better chance to move up so it would be the reverse strategy of HOLDING UNTIL ONE DAY BEFORE THE REPORT (i.e. when they power down) and then SELL!!!
I might do the same with AAPL although SNDK is already too high so I expect a good gain on the calls. SNDK the calls should do very well (puts will die but that's fine), AAPL still we have to see. You need always to hedge a put position with a call position with contracts 10, 20 or whatever. Don't listen to those that tell you to buy the entire stock long or load up on August calls and endanger capital. I would have thought anyone who trades more than a year or so would already know that.
http://www.investorshub.com/boards/read_msg.asp?message_id=3557810
http://www.investorshub.com/boards/read_msg.asp?message_id=3558147
AAPL July 30 calls at the bounce off the 50 ma could be a good mover. Back to lurking! Let's let the masters take over while we trade for a living only.
QLGC dismal chart just looks like a short with a stop at 24.75. Picking up the July 25 puts and the July 25 calls with a target of 22 or lower and a possibility to BUY THE GAP DOWN tomorrow or sell if there is a gap up. Do not take risks like others tell you to BUY as earnings will be blow out(INTC, YHOO, KLIC etc) Always hedge and protect your trading capital. Keep your trading capital separate from your longer term holdings because otherwise you'll end up with a dozen stocks that can cost up to 250k and your trading portfolio and liquidity will be lost as a result. You can NOT keep taking losses and buying new stocks (money flow is an issue unless you are trading monopoly money) NO ONE has an endless cash flow! The "scumbags and lowlifes" that are stamped as such by this OJ persona, are possibly in a much better financial position since they don't have to BEG for money in order to continue to trade (assuming they are really trading, which I doubt)
Long: BBH, QLTI, CCU and scalped INTC today. Also long DRIV, ADTN, GENE COGN and GE as possible 2-5 day holdings (WITH STOPS). Picked up HDIU and FRX with the possibilty of a swing trade as well. I short for swings and go long for swings but will NEVER HOLD THROUGH DOWNSIDE. Picked up IPXL this morning as a possible position play. I play ACROSS sectors, diversification and still reversed my shorts in PHM and KBH to a long yesterday. I don't post ON TIME because I don't ask anyone on this thread or in this universe to pay me so I need the time to trade and not to be a carnival barker.
I will be holding both a put and all on SNDK and AAPL which I do so as not to put my capital in jeopardy (did the same with INTC and JNPR). Always ready to buy the gap DOWN and SELL THE GAP up (when it fits my criteria) so the buy the dip is not a proprietary strategy, its been around for ages. To stay just in semis is ridiculous, to BUY at the highs weeks ago is preposterous. There are some scalping bargains today and if I don't get stopped out, I'd be buying pretty much near the 52 week lows anyhow and yes I might hold longer but only if the trailing stops keep me in.
OJ, So now you are long BRCM at 44 and up to 47, and its down 5 so why are you happy? We are happy because traders bought the gap fill this morning but you who have lost up to 25% on your last few weeks holdings, why are you celebrating? The strategy is to sell the gap up (CALM, etc) and buy the gap down, as I've done during earnings season especially, and not buy the 2 weeks of downside and get excited about a point gain. You are playing these semis like you played TASR! Heaven forbid if we traders did the same! You told everyone NOT TO BUY RIMM and hold through earnings. On RIMM that is truly what you did say, and when RIMM exploded you posted "If you bought RIMM, you'd be rich!" so you show a conflict of strategies. If it goes up and you mention it, you take the credit even though many traders called RIMM just put RIMM in the search engine around earnings time and you'll see. So it follows if you bought the dozen semis which you POUNDED THE TABLE ON! you'd be POOR! You can't have it both ways, PAL! I think they need paperhangers in the West Philly area you might apply for a position.
Bearmove, haven't you caught on to the jerry olsen Houdini Strategy of extricating himself from tight spots he gets into? remember how Houdini ended up? That is how OJ is drowning in his call to hold all those "ETC" stocks. His plays are for a target well into the future so he holds until then. (He'll be gone soon enough anyhow so he isn't accountable to the present failures) What is the future target date? Well 2005 or 2006 it doesn't matter, as long as it explains away the current failures which are mounting and accelerating. The point is to take the 'heat' off the failure of the jerry olsen as a consummate failure as a daytrader or scalper or whatever he calls himself. He puts on the "long term hold" hat like he did with KLIC and TASR (among a dozen others "ETC") so all the scalps become long term IRA holds when it suits him and he gets 'into trouble' which is very, very often. Its been 3 weeks since he said the market would power up and he's holding everything and most traders have exited longs well in advance of 'earnings warnings season' (where he failed again to even remember there was such a thing) and now failing at the actual earnings reports.
His credo has been "HOLD August calls everyone, (July is not enough so instead of losing a dollar you will lose $5, we are holding until one day before earnings) hold all semiconductors and techs because we are powering up and whoever says otherwise is NUTS!! How can you decide in advance how long to hold if there is no technical set up? Don't do as I do folks, you know I stink as a trader' should be his motto. Most of us ignore him, however he's in a dangerous position on this thread because there are constantly newbies being added that might get caught in his 'trap' although it would only be for a day or two hopefully. This is why he feeds off this thread like a parasite for new 'hosts' to deplete them of their trading capital while he tries to right himself (I've fallen and I can't get up!) situation.
OJ, Great call on holding the semis for 6 out of 7 huge down days! KLIC at 8.75 (what happened to those April calls you bought?) as well as 4 new positions in the stock as might now head to the 5 area. You told everyone on this thread they MUST be accumulating and be owners at 15.25. You are holding EVERYTHING and your losses are mounting, maybe we should all donate a few cents for you to attend a seminar on learning how to trade profitably! We are sure powering up. First Morgan Stanley and now Merrill Lynch downgrading the semis but we all know THEY are NUTS (per your quote). Wonder who the real NUT IS!
IMCL now 79 you told everyone they MUST OWN IMCL AT 86 as its going to 100 and 120! Wow the contrary indicator is alive and well! We don't HAVE A CLUE!. Well guess you really doesn't and never has had a clue! Your disparaging comments on all of us are reprehensibile when we might not be perfect but we are sure not calling ourselves "master class traders" and not dared to make the unfounded proclamations you have for the past few weeks. You can't live in the past dude, EVERYONE made money in the March 2003 rally, you always act like any rally is your personal victory and YOU CALLED it and we're a school of minnow. Well the news is BUDDY, and PAL, you never had it right! Capice? <vbg>
No, but I like a good short list and his long and strong and 'upbeat' projections make for a great short list, which we all agree (anyone that gets it for free of course) to be used ONLY AS A CONTRARY indicator (comes with a CAUTION! MAY BE HAZARDOUS TO YOUR FINANCIAL HEALTH! DISCLAIMER when we send it on). Monday I saw the writing on the wall having a hedge put/ and call play into the weekend and 4 shorts and by today more shorts added from Jerry's long list! It works good that way! How anyone can hold stocks through this much downside the only conclusion I have is that nothing has been actually traded in real money and the only money he has is what he can 'solicit' and 'panhandle' from unsuspecting novices who subscribe (although I don't see anyone subscribing, we all get it for free and don't even want it or the room calls which are also a joke!)
For my bullmastiff I use about 4 or 5 newsletters printed along with the morning updates but careful to print in draft mode because it would be a waste of print cartridge even though there are never any charts anyhow just 'preacher' type overblown optimism that the market is going to explode and POWER UP! All the stocks are down 8 points and more and he's still holding (even as he was up around 2 or 3 at the very most and more likely only 1 or so). He trades everything like he traded TASR and MAMA (you can't forget MAMA) Both those are swept under the carpet along with a dozen other huge losers.
He's holding everything and that alone should send you immediately to get a ticket for the next seminar called "Learn how NOT to TRADE and LOSE all your money" see what I do and stay far, far away from my trading strategies or you will end up like me soliciting and panning for 'bits and scraps' off Zeev's threads.
Where's OJ "mr. contrary indicator"? and " Mr. Underwater but happy"
(Jerry "TASR strategy" holding everything not selling as he keeps saying) is never around when the market is down. I'd like to see his lists of short plays this week. YHOO awesome? really? Jerry you told everyone you're holding through and that they should buy August calls a week ago in nearly a dozen stocks, these calls are almost completely down to "zero" now.
Its been an great week on the short side in buildings, semis, banks and others. Jerry, great call on the Asians again, just like your NTES a few months ago (holding through the SINA report?) or BRCM down from 47. IMCL still going to 100 and 120? How much are you down KLAC, GPRO (which you are holding?) What is the etc? you told bearmove you are holding so many and Will not sell! You told those that were unfortunate to get your newsletters (I advise traders to delete those newsletters as you would a virus!!)
to put in LOOSE stops and stay calm we are going to explode to upside! Buy all August options so we can lose even more money <g> Everyone must continue to accumulate IMCL at 86 we are going to 100 and 120!
from his newsletter:
AGAIN I TRADE DIFFERENTLY THAN MOST OF YOU
That's true, most of us trade for profits and trade the daily trend and don't trade the TASR way. Holding through 40 and then 8 to 9 points of downside (BRCM,IMCL kLAC etc) and spend the next few weeks recouping some of the losses instead of shorting and taking profits if you had any <vbg>
WHEN I'M IN A SWING OR POSITION TRADE THAT I HAVE MAJOR UPSIDE TARGETS ON I AM NOT GOING TO SELL THEM. NOT HERE AND NOT NOW. I believe we'll see fabulous profits here along with major up side guidance all thru the sectors INCLUDING the semiconductors too. The entire street is worried about the semis, I say NUTS! The semis are doing just fine world wide, some company specific stocks will do worse than the bigger names, but with all due respect to the Wall Street Pundits the big cap tech semis are going a lot higher here. This is the time for you to be positioned in discounted stocks and hold thru the expected earnings run
BRCM---46.10 THE BTL---44.90 THE SST---THIS IS A PREMIER SEMIS STOCK THAT BROKE THE PENNANT UP AND OUT AT 44.00 I AM LONG AND WILL HOLD NOW. MY PRICE IS 43.31. BRCM HAS EPS DATE OF JULY 20TH AH EPS $.32 EXPECTED...BUY THE AUG OR JAN 40 CALLS OR BOTH. 50 SHOULD BE EASY HERE.
THIS IS A GOOD WEEK FOR THE START OF A RALLY WHAT WITH YHOO MID WEEK AND DNA AND GE THERE TOO. I AM OPTIMISTIC WE POWER UP HERE.
IMCL---86.75 THE BTL---85.60 THE SST---I OWN IT, LOVE IT, AND WILL NOT SELL IT. CONTINUE TO ACCUMULATE THIS STOCK 100-120 IS MY UPSIDE TARGET.
KLAC---46.85 THE BTL---45.75 THE SST---HAS A CC ON THE 13TH AT SEMICON WEST AND REPORTS EPS DATE OF THE 29TH I LOVE THIS STOCK AND CHART I AM LONG, UNDERWATER BUT WILL NOT SELL IT. TARGET 55/56
yesterday's update:
SMH---35.00 THE BTL---34.10 THE SST---I DOUBLED UP HERE FOR AN AVERAGE PRICE OF 35.75 I FULLY EXPECT A SOX REBOUND.
TASR---45.00 THE BTL---43.90 THE SST---IF THIS STOCK TAKES OUT 46 SEE YOU LATER ALLIGATOR.. I AM LONG AT 44.85 AND I AM NOT SELLING EITHER..AND MAY ADD SOME OPTIONS "OR" WRITE THEM SOON.
Good Morning everyone JULY 1 update to the troops (lying in swamp!)
People are still not believing in the distinct possibility of this major rally I'm taking about and writing about. Look, you do what is most comfortable for you and your pocketbook. Me? and what I'm suggesting is you better be long or be wrong. This rally is going to be large, not a quick flash move mind you but a solid grind up move ahead and past earnings
Totally agree the Sox looks to retest 450 and I would never have left profits erode I didn't see any guidance today except an email I got this morning in a free email from a poster here that ended with the words:
I do not trade like anyone else, you all know how I teach and how I trade by now. Forget me, just do your thing and be careful.
I think the last sentence was the best advice.
SMH the hedge would be the SMH July 35 puts SMHSG ($0.50) and build on the winning position on Tuesday. There is no safe way to hold semis over the weekend and even with stops you might get a gap down way below your stop! I'm holding shorts in ADP C and CTX which were posted and picked up (ADP at the PAYX earnings report)
You'd have to be pretty naive or just plain inexperienced to hold semiconductor and techs long over this weekend on the unfounded expectations of EXPLODING PRICES THROUGH JULY EARNINGS. The market is capable of moving much lower by July expiration so what do you do? hold it and forget it?
BRCM possibly hit below 43 where some July 45 calls might be okay for a move up (nice at the 43 area) Filled here at $0.60 If BRCM hits 47 again might be a good double or if hits 50 a triple bagger.
TPX from 14 in two days of huge market downside hit a high of 14.65 today, not spectacular but that's the way I trade, searching for shorts in overblown sectors and longs in strong sectors after researching earnings and prior performance. Back in AMB which I was stopped out midway through a huge pullback on 6/29. Earnings should be good but I might not hold through as I've seen so many snafus of those that held through expected blowouts (i.e. IBM, SNDK, etc). I'm slowly inching back into the Reits which did better in May/June and more consistent as well. I do suggest that traders go flat and into cash through the long weekend and not get influenced by those that haven't a clue and don't do any research for the 'bigger picture'. Some puts I like are in the education, semiconductor, networking sector and longs once again in natural resource sector. Particularly I like DVN, and MRO. and a beginning position in NEM (July 40 or July 37.50 calls).
Steer clear of semiconductors through the weekend beyond a potential move much later in the day and if the semis move a bit higher by 2:30 (when shorts will cover and go into cash to enjoy their 2 day 'cash cache' might be a rally after the fourth) Traders should learn the European method of trading by buying with a target in mind (say 2 to 3 points) and selling portions after 1/2 the target is reached, 3/4 etc and raising the trailing stop so the last 1/4 will be stopped out profitably. You can control this unless you get a gap down but there was ample opportunity to take profits in the tech move up this week. Only YHOO was a gap down others were easily stopped out profitably.
http://www.investorshub.com/boards/read_msg.asp?message_id=3461823
Nazdaq and sox sinking, that's nearly 50 in two sessions, BRCM, AMZN SMH CSCO MXIM KLAC 2 day new lows. Hope everyone was careful to get out before this massacre. Nice gains for a few sessions but now there is a chance to buy them lower than before (if you want them) Some traders long SMH from 37 and actually advocated not taking profits when it was 38 but rather watch it drop to 35.50! Careful traders and don't get stuck with the anguish of misinformed and ill-advised trading advice. YHOO is nice but only AFTER the move down and here also the 35 or 40 calls might be okay but not holding through 2 days of gap and pullbacks!
"WE'RE LOOKING AS SWEET AS HONEY RIGHT HERE.
I wouldn't mind but there is no room for 'maybe' or be cautious. QCOM good buy 71 after 73.33, down to 71.37 and there are much better plays out there like shorts for example.
KLAC---49.95 THE BTL---48.85 THE SST---I AM LONG AT 49.23 AND THINK IT HAS A SOLID SHOT AHEAD OF EPS DATE FOR A SPECTACULAR RUN UP TOWARD 55/56
Well if we are I'll buy the pop and not hold through downside.
BRCM---47.10 THE BTL---46.05 THE SST---SENSATIONAL RUN UP SO FAR AND GOING HIGHER TOO I AM LONG AT 43.31 HAVE NO REASON TO SELL IT EITHER.
Well I'm thankful I didn't hold BRCM for more than the 2 points I got, and short, short short maybe to buy back in the 43 area or lower and even then for just another trade. To be long from 43.31 and to watch it move to 47 and still hold it all is against all the trading principles in even trading 101. Look at the 2 day chart for BRCM, not to mention AMZN, SMH. I smell napalm burning and I'm glad I'm safely away. Look at the break of SMH at the spinning top at 38, a clear sell signal! Watch what you read traders, I'm going back to lurking but the advice from this particular trader is a contrary indicator and has been for 6 months. I like BRCM maybe at 43.50 to 44 with the 45 calls for July again only to sell after a solid gain.
QCOM---73.55 THE BTL---72.30 THE SST---IT'S HEADING TO 80ISH IN THE NEXT 30-60 DAYS. I AM LONG EVERYTHING AND NOT READY TO SELL YET. We don't even mail out the newsletter anymore, not wanting to give this advice to our colleagues or even our competitors.
Good Luck!
TPX you might want to consider this furniture company. Most of the major companies like LEG, MLHR and SCS are extended but little TPX still has resistance just above 14 (14.15) and might also move up the ranks through 15.50 and maybe 17+. Techs are so volatile and I've usually enjoyed more conservative trades for longer term holds. Of course I do enjoy the excitement of an NVEC and TASR but TPX looks worthy of perusal. Volume was strong and above average and could be another big winner in a huge sector without the glamour of a TASR but more stability. I would put the chart up but I'm afraid I'll screw it up and Alex will get on my case for abusing the 17 minute window <g> Is there a practice area where I can practice my charts without having to post 9 posts in various stages of pop art?
Alex, it took me a while to understand your post. You really mean traders just live and sit on IHUB to be credited and backpatted for their gains? I thought you were giving us some trading advice on 17 minute chart timeframes or something to that effect. I'd hate to think you are right. I use the edit here to correct typos, add more ideas and such, but who would bother to change a trade when no one really cares? What is the point in an invisible and one dimensional persona with no actually identity where anyone can be posting from Ryker's Island or some rehabilitation center or worse for just the 'glory' of the pat on the back. I've been stinged a bit from certain posters here (in my pocketbook)from a certain service I joined and lost in, but I'm getting over it since i'm learning more than I lost from the irresponsible calling of a certain poster.
I think anyone who makes a 'life' of sitting on IHUB is definitely in some kind of emotional or social crisis. I don't post realtime trades because I have a life outside of trading, definitely outside of IHUB and could care less if I don't get any pats on the back (and I haven't <g>) I believe a few posters might be sincere or else the IHUB idea is based on a fallacy and fullfilling a desire for folks to be 'somebody' in this very nebulous cyberworld where nothing is as it seems! I pity anyone whose life is IHUB or any chat room or messageboard. Was I wrong to think this forum was to discuss and throw around ideas? I know one or two are using it for promotional reasons and marketing but does it turn out these traders are at least honest enough to try to gain some bucks beyond the 'phony' cyberspace accolades from another one-dimensional fraud to another. I think you might be wrong, I hope you are. If you're right I'll never sign up to this IHUB. Is it nothing more than a compilation of lost souls looking for validation and acceptance?
I did have some REITS that were well outperforming the building sector while short the builders. Today the Reits preformed admirably and considering reenter SPG and EOP but now with the interest rates and the potential for the builders to ultimately pullback, I would see only a few days trade there if even that. AMB was my big one and it closed in a doji at the rising 50 ma so I am hopeful, but every getting hit, I'm going to put in tighter stops. Also picked up WM today figuring this is a good discount but holding NTRS short (although a doji here also). I'm prepared to play these just for swing or casual daytrades. For the building sector I see CTX as the biggest contender for a retest of the 40ish area but beyond puts I'm fearful to commit.
As far as techs I like the QQQ as longer term hold looking better than the SMH and with BBH testing the 50 ma, it looks like July 150 calls ar the way to go there. I don't scalp in the least but I do keep good stops but rather new to the semiconductor craze as I've been rather short the SOX.X and can't commit yet until we break 490 (where we failed last time) (last earnings I was short the index) but balked at a long play when the double bottom breakout expected at 490 didn't transpire and led to a another huge pullback. Very dangerous sector but I'm trying the stocks one by one instead of the sector as a whole. The NDX is a good play possibly through third week in July (I don't see the ballyhoo, just buy and hold and watch without so much fanfare)
I am weakest with the individual high flyers like TASR but learning quickly although I agree with those who see this as a trading vehicle only. I already lost on MAGS following someone here that was way too enthusiastic and effected me. I think folks should issue disclaimers constantly and not pound tables or say "you must have" 'or you MUST buy dips and we're going to the moon, or "everyone here must be in so and so" That constitutes investment advice and if aren't a licensed LLC analyst its downright illegal.
I've spent a good part of my life in Europe and the more conservative futures and euro traders and that's not the way the pros trade. Maybe IHUB is not the right place but some prolific traders here are better than I expect they even think they are as I can digest their posts and play according to my own strategies. Just not used to shouting, self-congratulation that is unfounded and very unprofessional. Just trade, keep out the embellishments and you'll be more respected. The fine trader just sits backs and allows the trades or his portfolio to speak for him. Saying one thing one day and changing an opinion a day or two later is not nimbleness its just lack of certitude and bad trading practices. I'm not a great trader but can surely tell an even inferior trader than myself when I read or see their logic, posts and use or 'misuse' of professional ethics. Infomercials are great vehicles for these traders and they should either be there (if they are doing so well, what is a few grand on a late night cable network) or post in the Investor's Business Daily or trader's journals like Active Trader and Commodities journals. However I think I might be wrong since everything seems to still be free as although I won't step into the room I'm 'hopeful' I'll get some more plays from the 'newsletter' which is free.
I did have some REITS
Marketmaven, that isn't true all you get are superlatives like QCCOOOOOOOOMMMMMMMMMMMMMMMMM or KLAC yesterday after the move. I've learned ignore the ignoramouses and bookmark those that post good charts not copies of dorsey's charts without any guidelines. MAMA is no longer mentioned (that was a long) Just bookmark those you like and some other threads as well. There was a poster that mentioned GLW yesterday in a rather nice bunch of charts. I think his name was plexxus. I took a subscription there as well (stockcharts) and can now do my own charts and even annotate but I'm working on improving the style. My trading is mosting after 2:00 and begins at 4:00 (when I notice Lee is up and about) an there are fun traders to read.
I suggest you check out the stocks you like in the search menu and see which posters on IHUB have better entry/exit and explanations. Another good poster is AJTJ and he doesn't use superlatives but just posts his charts and ideas. I remember augieboo who posted very nice charts and was very humble and I miss him also! Probably on to bigger and better things than posting his life away on IHUB for free.
Just because someont shouts louder or pounds his chest like tarzan it has little effect. There is a occasional good trade coming out of him just the time frame is usually wrong (i.e. SINA or the golds which did finally move after a big 2 day pullback but I suspect he'll repost the call on GLG from Sunday's newsletter ignoring the fact it was down 2 days sharply.
According to his newsletter from Sunday his new and improved entry target for RIMM was 63 and it went to 59.30 so he takes credit for RIMM. RIMM---61.15 THE BTL---60.00 THE SST---HAS EPS DATE TUES THE 29TH OF JUNE SHOULD BE BLOW OUT I AM LONG AT 61.06 AND WILL HOLD THIS THRU EARNINGS..DO NOT DO THIS PLEASE...BUT I AM UP SO MUCH MONEY HERE OVER THE LAST 4 WEEKS I AM GOING TO RISK THIS. BUYERS CAME INTO THE STOCK ON 2 PRIOR DIPS AT 54 AND THEN AT 57. 63 IS THE NEW IMPROVED 52 WEEK HIGH MAJOR B/O AREA...WE'LL SEE!
If no one should have traded RIMM then why bother? Seems like his updates are a privleged window gallery where we are "allowed" to watch the master day trader at his craft, but we shouldn't do it also. (In the case of SNDK, KLIC, TASR, NTES, SNDK, he was right to exclude us)
Even if he did hold through earnings the 'improved target' never triggered. Others picked up RIMM at a discount yesterday and held through the report.
Many good plays today, and although sure QCOM was one, it was posted plenty earlier (as ZEEV reminded us). Nothing was new or interesting just a regurgitation of the same old semis and obvious 'large cap techs' and most of them not timely at all. Put him on ignore, it could be worse, IHUB can be a 'voice messageboard' and then we're all in trouble!
TASR, Lee sorry you DID NOT find it first! Jerry picked it up at 113 before the split and was sure it would be great he held until 23, post split (while other shorted as you can see from search engines) So unless you bought it at 67, and held till it hit 23 (you didn't need the capital anyhow so whats 40k or so) then get it move to 45, you WERE not the first. You just bought it months later when it was probably "just" in the twenties. You should have bought it at 113 to be crowned (and I mean crowned) with TASR. Everywhere I look they are posting TASR, QCOM and RIMM, the most popular stocks but they posted them timely SHORT and LONG. I am know always holding some option or reit (got burned after about 6 weeks in Reits so I'm not holding them!)
AMB has earnings July 7 I think but I got stopped out yesterday and might reenter, but the minute the REITS began to show strong weakness yesterday I set my stops in 2 and was stopped. I don't need another strategy for them as OJ's TASR strategy, I couldn't be right with a large loss like that for months and its only a 'miracle' basically that it recovered about 1/4 of the loss. Most folks bought at the bottom after the first or second day of upside and just held with stops. I was not lucky enough to get in on the puts as I didn't read too many thread at the time or posters but plenty were short at the right time.
SNDK he also picked up with target of 100 or 50 (split) so when SNDK gets to 50, he'll be the first to have bought SNDK for (blow out earnings!) Basically everything will have 'blow out earnings' so occasionally 1 out of 10 hit and actually do have good earnings, unfortunately SNDK (table pounded for weeks) was not one of them but he was the first in SNDK also. You can go back for many, many newsletters since January 2004, and he was the first in many techs and Asian 'nets however they went down 20 points or so.
Remember Lee, you have the ability to short as do most traders on this thread, some just disappear when the market is down or worse call a buy at the highs and hold through months of downside because NO MATTER WHAT they are holding! Most of us don't have a "clause" no matter what they take a profit and run or cut a loss and go onto the next trade. You are either a scalper or a trader or an investor. You can be nimble enough to be all three but NOT ON THE SAME STOCK! and yest once I did short QCOM at 70 and it went to 66 and I do hold call options in QCOM but see no reason to post that 16 times a day on the thread.
RIMM another coupon for thor prize another 12 weeks free subscription to the original and never seen before OJ newsletter with information saturation and tedious text, with picks that are found NOWHERE. I suggest this template for you and where you see the picture of Robert G. Allen, replace with the photogenic photo of Jerry Olsen from his website (his wife and him are running the service
to make him look even more trustworthy! The template can be customized very easily (and has been many times) <g>
http://www.esioffers.com/campaigns/rga_hi2/index.html?link=2108&tl=1&version=1&oeid=
You can digitize your image and place in the 'testimonial' area easily in place of the other smiling faces.
QCOM RADAR SCREEN - more stocks to watch
QCOM $68.68 +0.78 - QCOM failed again at resistance but is still within striking distance of breaking out above the $70.00 mark. Should QCOM actually break the $70.00 barrier it would produce a new quadruple-top breakout buy signal on its P&F chart with an $81.00 price target. Fortunately, daily technicals are positive again so we might actually see the breakout occur next week. (this is not my post but one of my FREE NEWSLETTERS sent me LAST WEEK Sunday June 27 QCOM was a no-brainer. The only question was not IF but WHEN!
Every room and newsletter saw that if and when it broke 70, it would continue up, but give credit to the one and only master class daytrader that saw the QCOM chart was not half bad (most free newsletters called it and my 'pay one' as well) Maybe after this new round of 'free trials' we'll be free of him and his 'terrific and one of a kind calls'. Now we have tons of suggestions for investing and plays through 2005, where do we get refunded if these calls turn out to be like KLIC/TASR/MAMA/NTES/ABGX, etc. If we track the back calls on IMCL (like he posted on his 'real thread' why can't we track the back calls on KLIC at 15.60 and TASR at 113 or 116, I can't remember where the call to put in our IRA was! That call as well as many including NTES at 55 before it dropped to 36, is now in the "hall of infamy" of OJ's table pounding calls to hold no matter what! As another famous phrase goes "he's fallen and he's tryin' to get up!"
Great idea OJ, so if anyone criticizes your calls, you just stamp them as a 'creep' and go on with your pumping but its harder now that others have great calls, isn't it? <vbg> Your newsletter telling folks on Monday to buy 1,000 TASR long (YOU BUY 1000 SHARES OF TASR MAYBE ON THE SLAM OFF BARRONS MONDAY LET IT SETTLE 1-2 DAYS) and to hold RIMM right onthe buy at 63 when we could have picked it up (new and improved buy area from where it dropped to 59.35)!! We are all creeps though and we don't expect validation GLG also a good call GOLD STOCKS SHOULD BE BOUGHT HERE PICK ONE OR TWO FOR BUY AND HOLDS NOW (Sunday's newsletter <g> Back to lurking and being a creep. TASR is now in my IRA from 63 <vbg> it should recover now that I bought another 1,000 for $48,000 as you suggested. TASR closed at 39,750 you should have shut up while you were ahead a little 11.5 points (SURE IT'S OVER PRICED AND HAS A RIDICULOUS PE BUT THE COMPANY IS REALLY CRANKIN HERE ON ALL CYLINDERS. I AM UP 11.50 POINTS FROM MY SECOND TRADE) and down what 40 from your first? but what about the folks you told to buy TASR at 63?! They watched it go to 23?
sharck, as the better half of the "OJ trading and seminar team" I'm sure you are posting totally without any prejudice whatsoever <vbg>. I did find CYBX, QCOM, NVEC BSTE and a few others from these threads but they were NOT IN JERRY's ROOM first! They were just transferred from those that jumped on them first. Same with about a half dozen others including PLMO, IPIX, TASR, YHOO, IMCL, RIMM etc. I do understand that you and others "scope" the other rooms and threads for their plays but why claim to be the first? Many plays are bandied about and carried from one room to the other and others are 'taken' from other threads and brought over after they've either gone up or are called in most cases FOR FREE and in advance of the move. Just do a 'search' on IHUB on any of your so-called 'plays' or check on logs on other trading rooms.
Many of the traders have the same 'data newsfeeds' as well and can just as easily check their premarket upgrades/downgrades news and recommendations for a mere few bucks a month. What do you think of giving us some plays in advance that are completely your own! I'm interested and so are others in seeing something beyond chest pounding. What is your opinion about the sox, the building sector, the gold sector etc? What are the pivot points for stocks like SNDK, ASKJ, NTES or QLGC? Do you expect further upside? Can you post some charts? I'm expecting further downside in the financial service sectors and education sectors, I'm treading and trading carefully.
Your 'team' is just the loudest and most intrusive otherwise its the same cat with a different coat.
I hope you get your 'fee' for your promotional work, as everyone should get paid for 'advertising, promoting, etc. You've also been around SI for years and years and I do understand its time you get your piece of the pay service pie. You seem to test the waters though quite frequently and hop from one chat room to the other. I guess the grass might be a bit greener here, but you'll be gone as you left your last "partner" if it doesn't pan out.
SNDK.. I was just in puts and followed the price of the puts, suffice it to say that SNDK will never retest those highs even after the split. SNDK has been one of the best shorts since last earnings season when it was touted as a "run away blow earnings call" that I can prove as fortunately I ignored the newsletter that so stated it would be held "THROUGH THE blowout REPORT and hit 50' I might have not divided by 2 but either way SNDK was a shorter's dream.
Okay his weekly newsletter is very lenghty and wordy with no charts and 20 stocks a week and two triggers for each stock. I did read the introduction to the indices which was fair and the coloquial friendly text to get everyone to trade with him can be endearing at best (reminiscent of the infomercials on late night tv), or (manipulative at worst) however I am currently "subscribed" to 4 daily newsletters (2 free trials, and 1 free completely, 1 will likely be fee-based shortly (at least so they say) that are wonderful and offer charting, market direction analysis, sector strength, watch lists etc. They also offer on line web conferencing seminars which are rather well-priced ($99 to $199 for 8 to 10 hours) and are 'recorded' to DVD with the charts and manual used and I find the chart patterns in these on-line seminars can be used and watched again and again and I am recognizing these patterns as they recur in my own trading.
I too cannot tolerate rooms with some many different calls and 'information overload' which is why I like the newsletter format and one or two threads for some morning ideas. Everyone has a right in this capitalistic society to make a buck but I'd rather see him on an infomercial where I can mute him out and enjoy the 'shenanigans (showing average folks living in trailer parks or otherwise not extremely skilled (at least that's what the impression is) making $5,000 a week learning the "trend trading" strategy etc. but I guess its 'cheaper' promoting on IHUB. I'm wondering why IHUB doesn't charge for advertising and put the pay sites under a separate heading and area like they do with the ads. I am intending to sign up but I don't want to be looking at banners but I also don't want to be bothered by pay sites pan handling for my business on the threads that I bookmark. It should be our right to be entirely 'ad free' on these more popular threads. Now I'm not a paid subscriber so I must endure that I guess. This trader promised to post his trades and charts in the future for 'our group' so let's say we call a truce and see if he really honors his promises.
Yes. I did well with ADP and C and threw in a few more shorts in PHM. On the other hand I am also holding some semiconductor SMH long (probably should have run for the hills) and not fallen on the 'irrational exuberance' of the mentality that MUST show upside to save face. I agree with bearmove that staying in a lot of cash is the best way to be for the weekend. It seems that those that are so free with their 'flowing trades' might not actually be trading at all just looking to upstage each other because I find it difficult to make so many trading decisions during the day without a rational and technical analysis set up.
Seems that more than a few of the traders on this thread are trading play money or just reading the "Times and Sales" lists and masquarading as those traders. Serious and 'real' traders just trade and have less time to post scores and scores of posts intraday. Looks like a lot of 'virtual reality' trading or video trading games especially in those that are so upbeat while the market pulls back. The market dropped to new lows for the day during the last hour, with all indices except for the Nasdaq taking out yesterday's lows as well.
Jerry groupie? <g> well at least his TASR is moving up from the 113 or 116 he paid for it. At this rate he might break even by 2005. You getting coupons to da room for posting?
fed, I am short ADP into the PAYX report and looking to reshort C what is your opinion. Also picked up MAGS at the close, but waiting on TASR, I won't hold this overnight just intraday for daytrading longs. PHM looks like a good short but didn't bite yet considering FNM and/or SLM. Also been long PD and AHC for about a week and held long through today's move in PD Would you expect PD to hit a high soon and be shortable? I am not looking at the 'irrational exuberance' of some posters here who are ludicrous in their baseless calls (QCOM for me is a short at at the 70 area and has been for a while), but nor am I a diehard shorter, just awaiting the next trend.
AMEN OJ retire! and with it will end the constant brown-nosing Zeev for his attentions and occasional 'petting'. Its a good time to lie on your back and maybe Zeev will give you a belly-rub! By the way Zeev, awesome trading as usual. It helps to have the real traders bookmarked, so you don't have to suffer the fools.
Traders ignore OJ, like you ignore the class buffoon, but sometimes even the class bore, gets into your face! What I find particularly amusing is his assumption that those that correctly shorted the market in the last few months had 'their heads handed to them'. Seems that profitable stop outs are solely the proprietary strategy of OJ, others can't get stopped out of shorts profitably and are relegated to holding shorts when the market moves up! He is confusing his telling everyone to hold TASR as a strong mover at 113 and his own personal strategies of letting losers add up to unfathomable losses to other's strategies of profitable stops. There were few shorters unprepared for the 'relief rally' These same shorters locked in profits, went long and are back shorting again without "posting in real time" because they are too busy trading (losing as well as winning of course unlike OJ, who always wins) to do much trick or treating. Now ask him what he's long, and he'll be "profitably stopped out" of course. What is he short? ???
What happens in the room is there are scores of traders posting their trades, their wants, their "xyz is looking good" and at the end of the session, the GOOD PLAYS that might have or not have worked out are taken out of context and added to the "winners for the day" Its not his fault, many do the same, but they are not prattling around in glee and joyful abandon! I'm much younger than he, and hopefully by the time I'm in my 60's I'll be enjoying a very profitable retirement on a Polynesian Island and not still looking to 'own my own real-time live with voice' trading room and wooing potential subscribers like college students trying to impress girls at spring break in Daytona Beach. I'd be too old for that at 63!
Jerry, we're glad you were finally able to make a few bucks, but obviously your not being invited to be a speaker at the Chicago trading expo is getting you a little rattled! Daytraders trade their way without galivanting around their successes (unless like yours, they are so few and far between) and don't need you constantly 'in their face'. You should be at the convention giving a key note speech or even invited to set up the plasma screens and computer connections for their presentations, since you are a self-annointed master class daytrader.
http://www.tradersexpo.com/mainTE/main.asp?site=chot04N
The success of the professional trader who makes money in a service is obvious and they don't need to post on Zeev's (or AJTJ's)thread to show their prowess and drum up subscribers, (actually no pay service posts here they use the conventional ways of advertisement that might cost a few cents, but you) they have far better ways to prove their reputation and worth in the field. Bearmove asked if you ever short. You are gone when the market is down and back when its up, like a hedgehog. Why don't you at least get out of our face and get back to the "Jerry Olson" thread, where capturing eyeballs might be a problem though I assume. We thought we were rid of you here when you ran to Esignal messageboard declaring that was a better place.
Back to lurking! You, in turn, can go back to woohooing!
OJ, marketmaven what subscribers? those freebie newbies he's been trying to entice to join his "free" service for 10 weeks of open house now? Bearmove invited oJ to repost on Zeev's thread and he has consistently posted on AJTJ's thread to drum up more and more patsies after a cycle of 'open houses' followed by 2 week free trials. That doesn't matter, I wouldn't rain on his little parade. He's enjoying himself. Jerry has played the market wrong for 6 months, let him have his 'moments' with this new rally. When someone is wrong for so long any victory is sweet. TASR back to 65! NTES back to 55! KLIC to 17. AMEN!
So many traders are quietly playing this rally with the likes of QCOM (in many rooms and on this thread and taking their victories in stride) and others as well but don't feel the need to shout and WOOHOO their victories to everyone. Playing the trend goes with the territory of being a trader. Just another day in the life of a daytrader. Obviously a winning trade is as rare to him as winning the lottery is to many of us.
Traders actually have a life and don't feel the need to 'see folks' squirm or be 'obnoxious' as he so aptly refers to himself. Being obnoxious in the context he inferred presupposes a successful person say like Donald Trump or even Jim Cramer who you might not like as a person, but can't deny their success in their respective fields. OJ is obnoxious on his own, without any of the qualities and successes of the former I've mentioned. Let it go, its comic relief. This thread gets too serious at times! By the way I thank ZEEV now for both BSTE and NVEC!
CYBX don't feel so dirty no one knew you were long CYBX until it was too late to get much gains. The time to enter was any time before this morning by yesterday trading was halted and by last night it was already expected to open up. Those that gained quite largely in CYBX were already in from the beginning of this week.
CYBX don't feel so dirty no one knew you were long CYBX until it was too late to get much gains.
SNDK damn shame how many traders touting this in the past months only to see it get killed. I would be looking at other companies here earnings out around July 17 (not sure) and this might improve the company. Many companies touted have dropped like rocks including KLIC, JCOM, NVEC, NTES, TASR, MAMA etc. Traders need to do their own due diligence because the posters on these threads are just 'wannabes' who don't have a clue where any stock will be at any point in time and just tout so they can get plaudits if they go up. The same traders disappear when the stocks they tout bite the dust. Perhaps its best to just ignore what's being posted and learn to do your own DD. I have never seen such a bunch of hacks pretending to be traders, I include myself but then I have not touted any stocks or placed myself in a position of "master trader, king of traders, or any such lofty title" just hoping to learn. I would follow Zeev who has no vested interest in this deal nor in touting any single stock.
http://quotes.barchart.com/texpert.asp?sym=sndk
down 20.27 in after hours. CEO is dumping the stock they wer selling when the stock was around $50. Possibley $20 target with $18 by end of this week or early next week. Remember SNDK movd rom 86 plus to under 20 in less than 6 months.
Locking in BSTE before the close. Really nice play and of course SNDK also looking for sub 20 temperatures. COMPX should have held at 2005 but it didn't pretty crappy close for the nasdaq. If DOW breaks 10340 could be yet another short set up tomorrow. Stochastics and MACD have already confirmed a sell signal so I'm looking for more downside in the morrow, even as I'm holding the DIA as a hedge, I have no great hopes of any upside that lasts before options expiration. Next support below 10,335 is 10.290 (fibonacci) and we might possibley go as low as 10,240. I'm not a master class trader, so I'm going with the charts intraday
Jerry you got SINA near the session highs after stochastics were already turning down. the buy was in the 38.60 to 38.80 area you'd think a master class trader would not buy at the highs but rather at the breakoutnear the retracement area. SINA looks to break down exactly where you entered. Your IPIX call was also right before the break down. Great work as a shorting indicator. NTES is already breaking down along with SOHU. Do you have real time charts? The 38% retracment for SInA was at 38.40 and the 50% retracement was 38.60. You entered at the 100 highs. A master class trader with a black belt should know better.