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whenever we get to 10500 on dow,will be a good place to short,1best i read your call about bottom in 09,what do you think will the current lows hold or not.to me it looks like we go to 10500 first,then go down bid.make new lows with spx around 500 or so,and then go back up.what do you think
back in fas,its amazing how it moves.set a mental stop,gs news can disrupt the party,will see.
sold all calls into close.holding lvs long ,good thing is the stop is quite clear.will buy fas if goes back to 15-16 range,what a move today.look at skf down 76 dollars,these etf's are trading like crazy.
thanks 1best,lets make it happen
i think these 2 and 3 times etf's are the way to play this market.especially the 3 times are amazing,if one can get on the right side of the trade ,returns are phenomenal.i am looking to buy fas and bgu tomorrow.just look at skf,up almost 200 dollars in a week or so.
lvs is so oversold,the risk reward is very clear,risk is 3 dollars,up at least 20 dollars.
i agree the market will bounce upto nadaq 10400-10600 range before the final capitulation.since this crisis is unprecedented we should expect the worst for the lows,so spx 500 is definitely on the table.
good trading
we trade up from here.aapl has to touch its 50dma,that will be the signal to go to all cash again.1best what do you think of fmcn,i am long stock plus calls,earnings on 18th.if this is not a double bettom then i dont know what is...
doing fine here,got your message,aapl looks all set to at least partially fill the gap.
went long aapl today at 118.50,not much has changed with aapl fundamentally,all kinds of bogus analysts are coming with their stupid comments,aapl will be fine,i expect a bounce to 145-150 range on this move,we shall see.spx should trade to 1430 -1460 range on this move,i think markets are tired of going down,and its too easy being short.
todays lows should hold.
and the fed disappoints yet again,what the hell is wromg with this guy
ok 1best a lesson is learned.i agree that you kept on talking about weak breadth for weeks,before the market finally crashed.and i also agree that maurice walker was so wrong in calling a reversal on spx about a 100 points ago.with so much negativity the markets are bound to bounce back.we should bounce back to 50dma on the indices and then possibly a retest of the bottom.it will be very choppy year especially in the first couple of quarters.i would stick to my guns and expect aapl to lead from the front again in the market recovery.for me the important thing has been that aapl did not break its previous low so far in this down move even though the markes have made new lows.wynn is another one i am holding, i know cramer bashed it last week,but what an idiot telling paople to buy it in 160's and selling in the 90's.but right now i guess one can be by buying anything,look at the solar stocks they have been clobbered.with the world markets crashing today,bernake will be a moron not to cut rates in the morning,unless his friends are all short.
i will sell 80% of ldk today,hopefully again around 75 dollars.i did the same again couple of days ago and bought back slowly with average of 66.not holding through the earnings.great comparison chart of different companies.i think ebay is looking very interesting here.i am buying today,should do well from here on,usually this is the best quarter for ebay.
futures nicely up,tomorrow big day for ldk,earnings report.
i am right here,sold yesterday at 189.40 and bought back today at 181.60.my average selling price for aapl is now 200 dollars.if we go back to 192,iwill be at 210.so far so good.always have a stop limit in place.
1best aapl is not a bubble,it is the most followed stock in the market.big investors are following every move of the company,they know exactly how much orders are placed to the component suppliers,and they know exactly where the sales are going to be.aapl is trading up for a reason.as i said before if the trade is working why go against it,if it goes lower one can always sell,everyone should know where they will get out of a position.
if 1460 holds today,we are going much higher.aapl looks strong should help the markets,crox and ldk are doing just fine,wynn has been lagging but i will hold on to it for now.bought ebay for a daytrade.
amazing ldk,what a run from 27 dollars in just about a week.will sell all of it today,hopefully around 75
1best i like to stick with what works,and aapl continue to work,it was a great day for daytrading.my philosophy is different,i am here to make money,doesnt matter which way the market is going.its like going to work,how many paople walk away from their jobs because they dont like the boss,its the same thing market is like a work place,some like it some dont,it may not be very poltically correct place to work,but we chose to be here.i dont take pleasure in other peoples misery,if it was upto me everyone will have a billion dollars,but it cant be like that.we all try to do the best we can and make a living.i know you have definitely raised the alarm bells,which is good ,because you give everyone a reality check,the best way to play this market is to make sure have good amount of cash every morning,and one can go long and short as needed.
very strong action ,had to buy back at the same level,will stay nimble
sold aapl 193.30,will buy back later
lol,1best all i can do is smile
keep up the good work,1best, you keep all of us on our toes...
strong stocks work away their neg div,aapl has done it on several occasions in the past,and will do it again.most of the stocks with international exposure have done very well and that includes aapl.look at mcd,fwlt mdr,ma isrg,grmn,vmw.emc.intc,bidu,goog,fslr,stp,spwr,and the list goes on.the bottom line is that we are in a global economy and global stocks will do very well,and with tremendous growth going on in the bric,our markets will do just fine,for now atleast.i agree that next year will be difficult,but next few weeks probably will be very rewarding.but if the markets keep going down one can always sell.
i am expecting markets to start going up again.we had the pullback we were anticipating.not too much downside from here.
ldk will jump higher once they release the results of the audit.if it ever goes to 46 area,will doouble up.wynn is setting up nicely,but has to hold 119.aapl will be fine,with todays short i have 6 dollars in the bank to play with.crox so far looks good,will hold on to it.
covered aapl at 190.60 and went long again
shorted aapl today at 196.65
lightened up on most positions,anticipating a short term pull back with fed anouncement tomorrow,
amazing ldk,will add to position if it pulls back
1best,you know my position on aapl,it is the marker for the markets,aapl close above 192 is very significant,this means the markets will also make new highs,aapl going to 210 this month is a given.i think the breadth will improve over the next week or so.the markets may correct significantly next year,but our main job is to make money,and if aapl delivers then we should be in it.i am very happy with crox,we most likely will see a 5 - 7 dollars up day in it very soon,wynn is setting up for a retrace to 136- 137 range.ldk has been great,i have cashed out except a small postion.sndk has been great for day trade lately,its way oversold,should hit 42 next week,but it should be day traded only.keep up the good work
hopefully tomorrow we start going up again.crox looks good,sold half of ldk solar today,what a run bought 3 days ago at 27.the more i look at crox the more i like it,i was holding it for a swing trade,but looks like it may be a keeper for next year.also bought wynn yesterday at 120.60 for a swing trade.like always holding aapl.
good luck
if vix turns down from here it wil create huge neg div,and likely will signal the bottom.markets did manage to close above 1406,which was the closing low form august lows,tomorrow is the d-day..
even if it goes down early on the market most likely will bounce back up,last few days even if the market was going down the vix was not spiking much,usually thats a good tell that the bottom is near.instead of selling on strength,its time to buy on weakness..
will start going long tomorrow,the end of downturn is near
we are close to the bottom on this pull back,probably up by monday again
with such high volatility,it will be one hell of a move up today,
spx, nasdaq futures are holding up so far
higher volatility can work in both directions,we can expect some very sharp moves to the upside also.
i am getting 2 different readings on aapl for 50 dma,one is at 165 where aapl closed ,the other is at 161.50,aapl has been such a market leader so far,i am confident it will bounce of the 50 dma,another stock way oversold is crox,which actually traded up on friday.
we need a positive close on spx,aapl and ggog will have to turn green..
q's bottom 50.66?,if not ...