Wednesday, September 1, 2010

9/2/10 Season Of The Witch



It's strange, sure it's strange.
You've got to pick up every stitch,
You've got to pick up every stitch,
The rabbits running in the ditch,
Oh no, must be the season of the witch


Close to a 4% gain on the total portfolio today. What's strange is not only do I not feel the need to lock in any gains, but I would actually have opened more positions today if I had any funds left to invest.

If we continue to gap up (let's say, over 1-2% a day) the next two days, I'll have to consider taking at least partial gains- that would compound to between 6% and 8% over 3 days, and I just don't think that's sustainable.

126 comments:

  1. TK is an enigma. He had one of his best trading days last week, and failed to lock in his gains.

    Today he had his worst trading day, and he's not considering a change in strategy because-

    '...that just isn't me, and it's not my style. There's a reason I approach the markets the way I do; sometimes it works brilliantly; sometimes it seems foolhardy. Lately, it seems to be more of the latter. But throwing my arms up and completely changing styles just because I'm frustrated doesn't seem prudent to me.'

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  2. Interesting commentary today from the Consumer Metric Institute
    Submitted by DavidV (13 comments) on Wed, 09/01/2010 - 20:46 #68348

    Contrary to the timeline suggested by the NBER, our data strongly suggests that the consumer portion of this recession did not start out to be about housing or damaged consumer balance sheets. But it is now. It has clearly evolved, and the average consumer's version of a recession diary might look something like this:

    ► December, 2007: Spending slightly more than last year, sub-prime mess is somebody else's problem

    ► May, 2008: Gas prices way up, banking crisis in the news -- maybe we need to be little cautious

    ► August, 2008: Democratic National Convention says things really are getting different this time, maybe more caution is warranted

    ► November, 2008: Good, the election's over, and gas prices are down -- things are getting normal again

    ► March, 2009: The 401K may be hurting, but at least we have the house to retire on

    ► June, 2009: Unemployment numbers don't look good, but those usually start back down

    ► August, 2009: A lot of vacant houses in the neighborhood, let's rethink retirement funding

    ► January, 2010: Unemployment is getting worse, let's pay down our credit cards

    ► May, 2010: There may be a recovery going on somewhere else, but it certainly ain't here

    ► August, 2010: Politics are getting ugly again, things aren't about to improve anytime soon

    There probably hasn't been two separate recessions in three years, simply one that has evolved in significant ways. But if this really is a "double dip" recession, then our data indicates that the "Great Recession" of 2008 was merely the precursor, and not the main event. It is this current dip that we should be really concerned about; the current contraction in consumer demand is about structural changes in consumer behavior, whereas the "first dip" was about short term loss of consumer confidence.

    *****

    Having said that, I am bullish on the stock market for the next 3-6 months, until the tax cuts get repealed. After that, all bets are off.

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  3. Yea, I happen to believe that many will be shocked at how short a memory everyone else has.

    I still feel the economic stimuli were misdirected to address the symptoms as opposed to root causes, probably b/c the folks running the show know full well they're the root cause...

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  4. Re: America's got talent
    Submitted by 2nd_ave (4524 comments) on Wed, 09/01/2010 - 20:47 #68349 (in reply to #68345)
    Bev- The Steel City is indeed a very unique place. It was always a pleasure to drive east from Ohio, leaving behind the flatlands of the Midwest for the steep slopes and rivers of Pittsburgh. Very distinct ethnic neighborhoods.

    Walking down the brick roads of Wilkinsburg reminds me of Van Morrison's 'Healing Game:'

    Down those ancient streets
    Down those ancient roads
    Where nobody knows
    Where nobody goes
    I'm back on the corner again
    Where I've always been
    Never been away
    From the healing game

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  5. Ever ride the trolly in Wilkinsburg? I only did once. Our cleaning lady lived there. I remember her name was Nellie, and sometimes she'd bring her daughter Connie with her when she'd come to work. She rode the trolley, and then took the bus from the end of the line out to our area, then a 1 mi walk up the hill to our house from Rt 22. She was always nice and worked hard, but she was a big woman with a booming voice and didn't take any crap, LOL.

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  6. I can't remember if I ever rode the trolley. The kinds of things I remember are along the lines of going down to Penn Ave with my Dad for a pretzel stick, or shopping at the 5 and dime.

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  7. If we see continued disbelief and/or redoubling of efforts on the part of shorts tomorrow, then we undoubtedly gap up + close higher again tomorrow. And if it continues into Friday, then more of the same.

    The real danger for shorts, however, is bonafide (and unexpected) 'good news' coming in on the economic front. In that case, they're dead.

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  8. Yes, I remember a Woolworth's on I think it was Penn Ave. There was also a Chinese restaurant we used to go to a few times a year on it, and I remember it was on the 2nd floor above a store or something. I was 8 or 10 yrs old at the time, so my memory has faded, but the trolleys were an orangish brown with I think yellow stripes, and had 2 thin, sot of flexible metal legs like the electric legs on a bumper car that went up to live wires running above, and they would spark at crossings and corners, and they had a conductor up front and a bell that would go clang-clang as they went along.

    http://rides.webshots.com/photo/1315127298067982043VtoRTu

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  9. You were 8-10 years old then? I lived there from 1955-61 (ages 1-7). My parents rented the second story of a house on Mill Street from a Mr. Anderson. The house was torn down sometime after 1987, which is when I last visited the neighborhood.

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  10. One of my greatest regrets is always living in basically the same place. N.Ca. and Santa Barbara for college.

    Man, they turned out my house appraisal quickly. No problem. Loan was based on a 600K value and the appraisal came back at 800K.

    I know the "smart" thing to due is leverage that, but I'm a wuss. Since my entire business is based on RE, I want to pay that sucker off as quickly as possible.

    Watching the Boxer/Fiorina debate. Fiorina is kicking ass.

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  11. You finally got off your butt and added 200k of improvements to your home in one week? Way to go ;)

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  12. At least Patricia has had little to say the past few weeks ;)

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  13. I think the trolley ran till about 1964, and I would have been 9 then. I think they still ran for some years after that in certain areas, like downtown, but my memory is foggy.

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  14. I have the idea that jobless #'s could come in lower this week than expected....

    I mean, who fires anybody the last week of August?

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  15. Patricia needs to light a fire under Mark's ass more often. ;)

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  16. more cloud info:

    http://blog.softwareinsider.org/2010/03/22/tuesdays-tip-understanding-the-many-flavors-of-cloud-computing-and-saas/

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  17. Shark, a better question is with so many sitting at home, who has any employees left that they could lay off?

    But then why have recent numbers gone higher? You go in a store, you can't find anyone except at checkout as it is. The recession is at the 2 year mark already. Where are these companies still finding people to give pink slips to?

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  18. Jobless claims decline by 6,000 to 472,000...

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  19. Tepid response to the release...

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  20. They raised last week's number so that this week could be lower, again. Same old shit. same old tricks. Not sure it matters to the market. The market believes whatever lies the government tells them, no matter how ridiculous.

    Its going to be a real bad day when the market starts ignoring the lies and as a whole, starts using independently produced numbers instead of the sewage the government tries to shove down our throats.

    As Lech Walensa once so profoundly said "We pretend to work, and they pretend to pay us". It marked the beginning of the final chapter for communism in Poland, because I think from that point forward, it was an openly accepted truth that whatever the government said was a lie. We aren't far from that defining moment, either, IMO.

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  21. The forecast is for 91 degrees in SF- that would be close to a record.

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  22. Landry-

    Random Thoughts:

    Wow, everybody and their brother had to own stocks yesterday.

    So far though, the market only appears to be pulling back from its recent slide.

    And, so far, the big blue arrow continues to point sideways.

    So, let's not start kissing each other just yet.

    I'm still seeing a few stocks at high levels that look like they have the potential to roll over.

    Other than nibbling there (on entries of course!), there's not much to do while the market remains stuck in a range.

    I'll dissect all this stuff in the chart show later today.

    Futures are flat pre-market. I always find it amusing the market has a huge move and then the next day it shrugs it's shoulders.

    Best of luck with your trading (or sitting on your hands) today!

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  23. Bob,

    There are, of course, answers to your questions.

    No that I have all of them, but a thought or two.....

    They key thing about employer-mandated health care, had it been "rahmed" throught lickity split when first proposed, would have been that you couldn't just fire workers to avoid the new mandates. Meaning government could have, it it weren't shilling for the right-wingers, could have mandated that those employees, all of those employed through late 2008 say, receive the companies health plan. That fact and it's concomitant costs would have acted as a brake on firings. Why pay expensive health costs for an employee who isn't even working for you?

    Also, under the aegis of the Patriot act, the prez could have put a moratorium on downsizings during the bust out.

    Having failed to do those type of things, employers have shedded every possible job, reduced their risk to the bone, and are damned hesitant to step up in front of new possible regulation. Meaning, much more gov reg was possible a year or 2 ago politically than it is today.

    Barry has lost yet another oppty.

    Remember Carville?.."It's the economy, stupid".

    Barry turned out to be anything but radical. He wants a library named after him, he wants his daughters to go to Harvard, he wants to make a few hundred million, he wants to live a long long time.

    Remember '63? That's when the prez lost all autonomy to do anything but evil.

    Am I a radical? Damned straight I am.

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  24. BKC getting bought out at 24/share.

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  25. There's always NGas inventory at 730 am pst for die-hard players.

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  26. Looks like the natty report might be the only play today.

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  27. It's a dull market right now. Never short a dull market.

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  28. V making up for under preforming yesterday.

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  29. T's selling off stronger than the market is moving up.

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  30. This might get interesting after all.

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  31. Landry - The thought of kissing him hadn't crossed my mind...

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  32. How come I think a few traders picked up what they wanted just now and are packing up their briefcase and heading out the door for the long weekend...

    Which I can't wait for. Sept. is birthday month here. Sat. will be a pool part for 14 of Kendra's closets friends.

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  33. Mark - I'm not sure about that CLOSET friend thing, but I'll admit to having an imaginary friend when I was a child, he used to drive my Tonka truck around.

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  34. I have been wanting to open a discussion about how trading really works these days.

    A few ideas.....

    There are many fewer "wrong" people around to take the other side of good trades than during the boom (06/07/08 period).

    Profitable trades are smaller on average than during the boom.

    Computer trading has actually decreased what we could call beneficial volatility. Stocks, once entered, tend to not move to a greater degree than in years past.

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  35. GRMN - Now I want back in but I refuse to pay any more than $27.90...

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  36. DELL- I feel MUCH better now. Won't match bid for PAR.

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  37. Nanex - cnbc just interviewed the ceo regarding 'Quote Stuffing' - intentionally putting in out-of-bounds orders just to slow down the processing speed of say an adversary's software (what I got out of it anyway)

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  38. I meant 26.90, of course.

    "Stocks, once entered, tend to not move to a greater degree than in years past. "

    Hmm, that's interesting. Of course I'd like to know how we capitalize on this? What are the ramifications and possible reasons for stock prices not moving, could this phenomenon be a sort of bottoming indicator?

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  39. UNG- Looking to get in @ 6.17.

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  40. F!....If UNG holds here it could REALLY fly based on trading history.

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  41. PIR- Yeah, good earnings report.

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  42. Nanex - Did he mention what kind of effects the stuffing practice would tend to have?

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  43. How 'bout that PIR! Too bad I sold half of my position yesterday to pick up some RBCN...ugh. Oh well...

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  44. Now for some strange reason I feel like kissing Landry... Are we obligated?

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  45. out of UNG at 6.29 with $630 extra

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  46. Nanex - he basically said 'speed is money' & it sounded like a 'jamming' type of effect whereby additional orders (that have some 'structure' as we saw in the charts in the article) are introduced into the stream for the signal processing algorithms to spend time trying to process. Believe this ties in directly w/ shark's trading discussion...

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  47. I'm sure I sold UNG too early, but happy to make $630 for the day and walk away

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  48. market is just itching to bust north. look at my REDF start to pick up a little steam. i own waaaaaaaaaaaaaaaay too much of that.

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  49. wow...GCI up 10% from recent lows.

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  50. so far, today has been better to my portfolio than yesterday.

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  51. that anon message above at 757am was mine...

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  52. REDF - I really liked that pick from the get-go.

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  53. BKC - There ya go fellas, me thinks equities are underpriced.

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  54. Patriot act based ban on downsizing?

    You are not radical shark, you are idiot. Glad you are back though, your idiocy is entertaining.

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  55. reloaded UNG at 6.30 and sold at 6.36. now at $835 net profit on the day

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  56. sharp pullback in some stocks (RIG, BP) - BGZ moving up

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  57. ME - Rig explosion in gulf

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  58. ME - Gulf oil rig explosion

    http://www.nola.com/news/index.ssf/2010/09/coast_guard_responding_to_rig.html

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  59. Thanks Anon.

    Remember this about politics......

    ANYTHING is possible.

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  60. ME - Nearly closed the April gap up, wonder if gap will close as a result of this event? I say not.

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  61. One might say that politics is the art of scaring the living Christ out of your opponents while earning the favor of your adherents via any means necessary.

    I honestly believe that at the moment he took office Obama had the support of about 2/3 of the people for a full blown socialist "revolution".

    Yes he blew his oppty.

    Yes he is either a one-termer of a lame duckin term 2.

    Yes he will lose one or both houses.

    My question to you is, why are the Republicans so much better at politics?

    Answer.....Becasue they have a vested interest in the process.

    Give the country back to the people and they will grab it with both hands.

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  62. Sold K.to at $18.03cdn this am that I bought $15.65cdn Aug 17th. Bought on margin and since this is September I want to be careful. Good swing trade for a 15.21% gain. I think PM's are about to role over and go down again.

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  63. "Obama had the support ... for a full blown socialist "revolution".

    Yes he blew his oppty."

    As I said - you are an idiot. Well entrenched in your idiocy, too.

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  64. Chicken - With the potential for REDF to do a moonshot higher over the next couple of years, how could we NOT like it? Even if they are an also ran like YHOO in the US, the internet industry is set to explode soon. Again, only 9 million people have broadband internet access over there, versus a population of 1.2 billion. And with that broadband auction they just had, millions of people are on the verge of getting that access. I'm not saying they're all going to use REDF, but it's one of the more popular websites over there. It's worth the risk in my mind.

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  65. sold rest of my PIR at $7.45 and moved it into RBCN at $26.37.

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  66. Vad's market comments at cc...

    Re: NO Follow through from Yesterday's Rally So Far, hummm

    Submitted by Vadym Graifer (1403 comments) on Thu, 09/02/2010 - 13:44 #68414 (in reply to #68411)

    Hmm... if I put "charts setups, price action and trading" aside, what's left for me to base any views on?? :)

    Seriously, my takes are based on comparison of available information and price action. Divergence between them is my bread and butter. And caviar. As far as current charts go, there are two things I have to say:

    1. Too much is being made of each day's action - thin holiday trading in August was way too random to provide serious base for any conclusions.
    2. There is slight edge on a positive side as market is holding up much better than outlook and prevailing mood suggest. Not enough edge for me to become decisively bullish but enough to keep an eye on further signs of divergence.

    Funny though, almost all trades today were on a short side, with nice 5 out of 6 winning rate. Will have whole two charts to post today... hear that Bear E? :)

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  67. God help me, but I'm looking VERY closely at CRYP.

    JB's looking into the new Mang. team.

    Pleased to see follow up strength on AONE.

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  68. hey. Anony, he sucked you in; stupid! Now he has an audience and pin cushion to prick as is his wont.

    He's not original , you know. IMO he copies the garbage from another crackpot blog. However, he does need attention,be-youd preening before a mirror.
    Be nice, he is harmless, childlike and he will delight some folk w/AWOL stories, the population here about gives anybody a platform.
    including all smart asses.

    peace to all.

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  69. He is not "childlike" - he is slack-baked infantile idiot. And hey, I enjoy pointing it out. Oh, and his descriptions of his dating life are so pathetic, I can't imagine anyone beyond 14 saying anything of kind. Hell, 14 years old would be considered a loser by his peers for such stories.

    He also promised to kick my ass once, so I am eagerly awaiting for him to indicate the place where he intends to do that. That should provide him with one victory so needed to brighten his pathetic life, so I as a good samaritan really want to give him this opportunity.

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  70. Look at REDF go! Markets at highs of the day...REDF, PIR, and RBCN all doing very well. This is turning out to be one of my best days in a long while...

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  71. Cashing In Chips/ All Bets Off newSubmitted by 2nd_ave (4525 comments) on Thu, 09/02/2010 - 14:28 #68419
    AA/AMAT/BAC/CSCO/INTC/WFC/XOM off @ 10.80/10.72/13.23/20.44/18.24/24.89/60.88.

    Will be taking FSRBX/FSELX/FSENX off the table at the close.

    If I tried to explain why, I'd have to make something up. All I know is I typically change positions on a dime- and right now, I'm not interested in carrying the same risk I was attracted to a week ago. Currently up 6% on the total portfolio in less than 2 days, which I'm happy with- that number could easily take a major dip by the close, but those are the rules we play by with mutual funds.

    50% cash. Will be at 100% cash by EOD.

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  72. Re: NO Follow through from Yesterday's Rally/Bulls have the edge newSubmitted by 2nd_ave (4526 comments) on Thu, 09/02/2010 - 14:34 #68420 (in reply to #68417)
    I would agree that it's bears who are trapped here. Trapped bulls were eliminated earlier in the week. So in any tug-of-war between the two, I'd have to bet on the bulls.

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  73. So I guess I'm selling out due to an aversion to risk over the long weekend...

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  74. REDF is at a critical point here. Most recent high is 2.25. I'll hold for now.

    I'll also put a stop on DELL. I fully expect it to get hit, as it will be tight. I opened this one with JB and he obviously has changed his mind. No question he knows more about the industry than I do.

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  75. Well, so much for my comment about REDF. Wow.

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  76. hey Anony/ you are too funny with words. in re; soapbox i left out dumbos option

    You've busted his image and probably no one will see his sheen and sub prophetic words till next week.

    how about a cheer for our resident star gazers i think they they are super!!

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  77. JB- Better be quick with your research on CRYP. I'm getting itchy :)

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  78. 2nd - Believe you're making a wise move. I do like the price movement in WFR, TTWO, COCO, BRCD, LPX and a few others I'm in. Who knows, the H&S may fail to complete to the downside (like in early Jul 09) & a moonshot may result. Maybe not...

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  79. damn...could this be the start of something huge for REDF? i sure as hell hope so!

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  80. REDF now showing in the top ten daily movers. Let's see if that attracts more interest.

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  81. I think anon's in love with sharkie... Get a room, fellas!

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  82. Sold ECU.to at $0.66cdn this pm that I bought at an average of $0.585cdn in July. Good swing trade for a 12.82% gain. Again, I think PM's are about to role over and go down again.

    I am trying to get off the Titanic?

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  83. I'm going to take a shot at CPE if it get's to 3.47.

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  84. that was a quality shakeout in REDF...glad i'm thinking of my investments longer term or else i would have soiled my pants on that one.

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  85. 2nd - i know there's always a good chance of a gap down tomorrow with the jobs report but if the market has the potential to go up 30% from here (with some individual stocks doing much better), does it make sense to get cute and try to time it?

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  86. Damn...PIR just hasn't slowed down. Good job TOF.

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  87. 1090 - Come on and recapture it NOW!

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  88. There are some pretty big bids coming in CRYP now. Are they real??

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  89. HUN trying to get in the game....

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  90. We ain't going down today...

    C/BAC/WFC/JPM all have buy side imbalances.

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  91. Chicken,

    How ya doing bro?

    It's true I am a polarizing figure!

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  92. SPX- I have 1088 as the 200EMA.

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  93. sold UNG at 6.36 again for another $740 profit, net total for the day after comm was $1540, all flat now

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  94. LOL, sold too early again.

    Its a curse I have!

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  95. CADC - I suspect they're pulling the same trick as was done with PIR yesterday, beating it down just prior to earnings.

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  96. And I'm not kicking anybodys ass ok?

    I am actually just a sensitive intelligent guy who likes to speak his mind.

    As Mark once suggested and guys don't take it the wrong way, but the Klan rode around doing their thing cloaked in anonymity right?

    I would have a fuller measure of respect for your opinions about me if I merely knew your made-up blogging handle....not your actual name.

    It's probably my own quirk but I prefer being kicked and beaten, metaphorically speaking by someone whose face I can see.

    Finally I don't copy and other bloggers because, as I'm sure you can believe, I actually don't look at any other blogs than this one. Call me a narcissist. Really...call me one:)

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  97. Look at that 1090 and 2200. Not too bad.

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  98. ---And I'm not kicking anybodys ass ok?

    Well, you threatened to kick mine. Remember? I offered get-together so you could do just that - and you elected to disappear for a week or so.

    ---I am actually just a sensitive intelligent guy who likes to speak his mind.

    Intelligent you are not. You are an idiot. Sensitive one, okay, maybe. Likes to speak - granted. His mind - gotta have one for that.

    ---I would have a fuller measure of respect for your opinions about me if I merely knew your made-up blogging handle....not your actual name.

    See? Idiot. I can make up any, how in the world would it help you?

    ---Call me a narcissist. Really...call me one:)

    Nope. Idiot. And probably closet homo, by the way you speak.

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  99. sharkie - "polar figure" Careful now, you know how your soft pillow-talk and choice of phrases often lead to involuntary convulsive orgasm...

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  100. why am i wasting my time reading this cyber-verbalfight?

    by the way, i believe today was my best gain this year. up about 12% total, thanks in part to a much too large REDF position (which i'm holding long term), to a smaller position in PIR (which I once again closed too early), a small call option position in RBCN and a small stock position in RBCN. STT was down, but it's sure to break $40 on this upswing...i hope.

    2nd - did you cash in 100%?

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  101. Let it go Shark.
    This guy is obviously totally gay on you and doesn't know how to channel his own self-loathing.

    He would follow CP's advice, but he's like a 13 yr old girl and is trying to tell you how much he wants you by calling you names. That's why he relates to you as 14. Remember, you judge others by your own viewpoint. So judging by his posts he's a somewhat retarded gay 13 yr old. How can you win with that? Besides, he's under aged.
    It's always possible his anger comes from being a loser and he can't afford a room, being 13 yrs old, angry and gender confused . I think he might be a little jealous of the Filipino chick too.

    I'm pretty sure CP got it right.

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  102. TOF - Congrats on your trades, may they continue in your favor! ;)

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  103. When I looked at the market this morning at around 10am PST, it was basically flat, but all positions that I opened yesterday morning were up nicely. I thought a little about taking some profits off the table, but then recalled the words of Jesse Livermore about all the real money he ever made being made by him sitting on his hands and decided to sit on my hands as well. I tuned out of the market and focused on doing some work for a change. I just looked back at the market and was pretty amazed at the result.

    20% up day for REDF! Thank you, TOF, for recommending this one to us! Your research has been duly rewarded. I remember you had a very large position in REDF -- congratulations!

    I had a small position in REDF (picked up 1000 shares at $2.05 and then added 2000 at $1.92), but the absolute gain today is still pretty decent by "trading" standards. Since I am going to Laguna Beach next week, I figured I need some "feel good" money for that trip, and so I have just put up for sale 2000 shares at $2.40, so as to book a $1K profit on that bunch and dine only at nice restaurants at Laguna Beach. :) Unfortunately, it turned out that REDF is very thinly traded after hours, and even though the bid/ask were 2.40/2.48, only 600 shares were filled at $2.40 and the bid/ask shifted down to $2.32/$2.40. Let's see if someone decides to buy the remaining 1400 shares from me at $2.40 later on today.

    The nice things don't stop with REDF, however. ECU.TO was flat when I looked at the market this morning, but it ended the day up 6.15%. Since I have 1/4 of my portfolio in ECU.TO, the absolute gain was pretty significant. My first sell limit order on ECU.TO is at $1.01 for 1/7 of my position, so I have to enjoy only "paper gains" for now.

    Overall, today was my biggest absolute gain in 2010 and probably the biggest 1-day gain ever, exceeding even the gain I had during the flash crash when I was heavily short. Switching from a net short to a fully long position at around 1050 on S&P might do wonders to my portfolio if the uptrend keeps up. The OptionsHouse account in which I was doing all my crazy ultrashort and put options trading is up 10% YTD now, after being down 10% in late April.

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  104. Wrong on all counts, Anon. Wouldn't ever give him a passing thought if not for his endless jealous/envious rants followed by juvenile recounts of "sucking faces" and most of all - threat to kick my ass followed by cowardly disappearance when invited to do so.

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  105. I just notice that just before the market closed I sold PNP.to at $1.45cdn that I bought at an average of $1.28cdn back in May. An absolutely horrible trade for a 12.40% gain. I have to kick myself for not following my rules with this one. I got up in a mind trap thinking I would hold it for ever for a move up to $2.00.

    The lesson learned, which I am doing now is to trade the heck of these sucker stocks.

    Okay I got to go and kick myself. And kick myself again. And then pat myself on the back for getting the f... out.

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  106. hey Anony , love the phrase,' slack baked' In an estuary river, when the tide turns [1/2] running back out, its slack.
    had to look up 1/2 baked. however i would not compare our low life, pal to a loaf of bread! Even metaphoricaly, HE IS A PANSY, not a living daffydill. some MD here might have a sickness disease , beyond your your choice of low life mental model,[i.e., idiot]
    "Anonymous2 said...
    Let it go Shark."
    HEY 2A, u gotta be kidding, your not much smarter than t/aforesaid. He can't and you dont know why!!!
    peace to all.

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  107. 1. Two wrongs do not make a right.
    2. Lead by example.
    3. Immature posts are not solved by immature posts with name calling. For every post you find insulting you've posted three or four more others find insulting and they tend to say nothing.
    4. Unless he is talking specifically about you which no one would ever know, including you, please just ignore it. It is unlikely anyone here will have much impact on others, with the hopeful exception of helping each other make money.

    The rest is just a distraction. Most of us do not come here for conflict or distraction. We do not all agree or trade the same way, but in order to benefit all, we try to ignore some of the BS and focus on what matters. Otherwise we would be where we were before we started this blog. The fact that we all met here indicates we don't want to go back or start that environment here. That means sometimes we just skip to the next post and let it go.

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  108. Mark - the situation at CRYP is fairly dire. The new CFO appears to me to be a lightweight. Further headcount reductions are currently taking place, which helps a tiny bit in the short run but the real problem is declining revenue.

    All that said, if congress does end up amending UIGEA or passing the Frank bill which would legalize internet gaming then CRYP would explode, as a takeover target I would guess.

    tred carefully bro!

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  109. David - excellent work! i worry that i'm too heavy on REDF but i think the odds favor this one going up pretty significantly over the long term given (a) only 9 million of 1.2 billion people in india have broadband internet access, (b) they are currently operating at breakeven with 1.5/share in cash and no debt and (c) india just auction off broadband access to providers to the tune of $25 Billion, which will exponentially increase the amount of people on the web in India over the next few years. Even if REDF is a has been in that market, I think it is worth a lot more than $66 Million, which is its market cap as of close today. Back in the day when China had the same amount of internet users as India, SINA/SOHU (2nd tier internet players in China) sported $60 Million market caps and sub $2 stocks and had minimal revenues and negative earnings. If REDF does the same as a result of exponential growth in the India internet market, then this sucker could be a 20 bagger. We shall see...

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  110. OptionsHouse has a crappy after-hours service, only until 3pm PST. I just checked and saw that a total of 725 shares were sold at $2.40 before my order was canceled. Since these shares were purchased at $1.92, the total gain is $350, which is already enough to go out a few extra times to nice restaurants at Laguna Beach.

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  111. TOF: The long-term prospects for REDF might *seem* bright, but on the other hand, the market knows this info already, and despite it REDF is still in an obvious long-term downtrend. So to be on the safe side, I have just placed a sell stop limit order at $2.17/$2.15 for the 1000 shares I picked up at $2.05 and at $2.25/$2.20 for 775 shares I picked up at $1.92. Finally, I placed a sell limit order at $2.50 for the remaining 500 shares I picked up at $1.92.

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  112. David - The market tends to ignore the small caps and forgets about them, only to remember them after big runs and at much higher prices. It's just the way it works. People probably just assume REDF is finished, having shown no revenue growth for years. But the big catalyst (getting more people in India online) has just passed with the broadband spectrum auction and it is sure to spark significant growth in the internet industry. I'd say the market hasn't really grasped this yet.

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  113. T's seem like a sell to me at this point.

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  114. "David - The market tends to ignore the small caps and forgets about them, only to remember them after big runs and at much higher prices."

    That may be so, TOF, and I hope (for your sake and for mine as well) that REDF keeps gapping up and moving higher and higher. However, I am now in the mode of experimenting with using stops for my positions as opposed to buying with wishful thinking, and so I will be using stops on REDF to make sure my profit does not turn into a loss.

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  115. What can I tell you anon... you suggest I ignore this... well, shark, and indicate that you were not willing to accept certtain aspects of "other place." Well, crap this PoC is spewing is something I am not wiling to accept anywhere. And, he made it personal by threatening me under the cover of Internet anonymity - which is very cowardly unless one is willing to accept the challenge to meet face to face (you know he didn't). Neither am I willing to leave - it's Internet, you know... everyone stays where he wants, says what he wants and yes, doesn't read what he doesn't want to. So, you may just as well offer him to stop posting his crap or stop answering me when I call him on it.

    Sorry if I irritate you, that was not my intention - but he irritates me, and I have just as much right to express it as you do. All I may suggest is to stop discriminating - if you are willing to scroll past his crap, scroll past mine as well then... or tell him to shut up just as you tell me... fair? :)

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  116. Well, I'm FUCKING DONE reading this shit.

    Adios

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  117. This has been a "Trading Place", not a smack down place. The people here have generally been nice, and even though we don't agree on any given day which way any particular thing was going next, we were able to reasonably state our cases, pros and cons, and see where the market went.

    Why do you feel the need to make a slum out of it?

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