I have to recognize Vad for the valuable insights provided on the last two 'Catches.'
The mind likes visual shortcuts, and being a creature of habit, I stick to the same analogies I use time and again. In this case, the same old tractor-trailer-
Trade Reversals on the Right:
SUI-CIDE <---- (Reversal) ----> PASSING SIDE
btw, does your website include any essays on the psychology underlying 'support' and 'resistance' levels?
NEW YORK (TheStreet) -- PayPal's mobile moment approaches today and some await word that the eBay(EBAY_) unit has finally struck a payment deal with Google's(GOOG_) Android.
ReplyDeleteMore on GOOG
Texas Instruments: Morning Tech BytesLogitech's Google TV Review'Fast Money' Recap: Texas Instruments Looks AttractiveMarket Activity
Amazon.com Inc.| AMZN DOWNeBay Inc.| EBAY UPGoogle Inc.| GOOG UPPayPal is hosting its developers conference in San Francisco Tuesday and as TheStreet has reported, there is a great deal of expectation that PayPal will join the Android Market to provide a smoother payment system for buyers and sellers.
GMO - Hanlong accelerates their $40M stake in Hope mine.
ReplyDeleteThe day following my taking 1/3 off my position...
cp
ReplyDeleteglad you didn't sell it all (like me who had 1000 shares of ford and sold it all at 8.00.)
what do you think of jst?
CADC - A little publicity, steady stream of orders, and a good business model do wonders for a little known stock involved with building out the infrastructure system (The world's fastest High Speed Railroad among a host of others) of one of the world's fastest growing emerging economies.
ReplyDeleteJST - Good find vb, China's going to need lots of power transformers going forward. China, like most Asian countries and unlike the western world also prefers to make their own stuff and employ their own people before buying products from out of country.
ReplyDeleteBidding V @ 79.21.
ReplyDeletePAL - Too bad this premier palladium miner has more gold(ore too poor to mine) than they can swim with...
ReplyDeleteJST - Current P/E is 12, which might be a little pricey for a Chinese stock, they tend to run a little lower than that...
ReplyDeleteBut man do they have growth potential down the tracks if some big boy multinational can't push them off the train at the next stop.
Opening BAC @ 11.34 newSubmitted by 2nd_ave (4856 comments) on Tue, 10/26/2010 - 11:16 #72754
ReplyDeleteVad may disagree, but it appears sellers have finished, and it's beginning to climb back up. Whether it's a 'right-sided' trade or not- I'll let him weigh in.
thanks chicken
ReplyDeleteF - vb, you f'd-up on that one, and so did I for not buying. They make some of the best products out there nowadays, I wouldn't hesitate to buy one if I were looking for a new car.
ReplyDeleteOINK - Would it be an acceptable contrarian play to buy some OINK on a day like today?
ReplyDeleteOINK - Pork is the meat of choice in China...
ReplyDeleteWhere's sharkie, I miss his picks!!!
ReplyDeleteSo now the market is going to rise or tread water while the U$D begins to recover and gold fades into the sunset?
ReplyDeleteJST - vb, there may be a good justification for the higher than average P/E, that would take some drilling down to check the ore quality...
ReplyDeletePost your ideas more often, we seek the diversity.
•Tianli Agritech: "Oink if You Like Value" at Seeking Alpha(Mon, Oct 25)
ReplyDeleteThis one sounds like a good investment just based on the marketing potential of the name - pump and dumpers could have a hay day
OINK - Because I like it, so the pig!
ReplyDeleteOk sports fans, I've gotta take little Poncho waggie-tail out for some fun in the sun, scream at y'all a little later and good luck!
ReplyDeletebc just posted this
ReplyDeleteuxg trading on NYSE nov 2
http://finance.yahoo.com/news/US-Golds-Shares-to-Begin-iw-684806618.html?x=0&.v=1
Crap... I just saw RAS printed 1.61 today which was my order price yesterday. I thought I placed it GTC...Guess not. That's a $700 mistake.
ReplyDeleteNot everyone is skeptical of this rally. Here is an article from CNBC titled "The Best of Times For Stocks May Be Ahead":
ReplyDeletehttp://finance.yahoo.com/news/The-Best-of-Times-For-Stocks-cnbc-1385555060.html;_ylt=AqcpZbR3GDqIvfBWhbpYLz67YWsA;_ylu=X3oDMTE1amUzN2syBHBvcwM2BHNlYwN0b3BTdG9yaWVzBHNsawNwZXJmZWN0c3Rvcm0-?x=0&sec=topStories&pos=3&asset=&ccode=
"According to the Stock Trader's Almanac, the market's sweet spot during any four-year presidency cycle is historically the fourth quarter of the midterm year and first quarter of the pre-election year.
History also shows the markets have historically performed the best when there's a Democrat in the White House and a GOP-controlled Congress-the likely outcome of this year's midterm election, according to many.
Over the last 70 years, in fact, such combinations on Capitol Hill produced an average annual return of 15 percent or more."
Interestingly, I have a feeling that this article is correct. Stocks may have a short sell-off to shake out the weak hands and will then charge forward until the end of the year. Or they may just charge forward, since sell-offs like this morning get bought right away...
David - I still think we get a small selloff and a lot of volatility in the next 2 weeks but that we ultimately go higher. But I'll let the market tell me.
ReplyDeleteI did take a little risk off the table...closed out most of my BYD position. Sold my Jan 2011 $8 calls at $1.3 that I bought at $1.08ish average. Still holding some out of the money calls in case it gets bought out.
If anyone is looking for a short, AONE might fill the bill. Nice gap fill and retracement.
ReplyDeleteTBT running. I did very well trading this one last year, but can't really get a feel for if for some reason.
ReplyDeleteCP- Lunch went well. He's buying WFC/BAC right now. Not hand over fist, but building a LT position. For him LT is 1-3 years.
ReplyDeleteJB- Find us something. Too much cash right now.
ReplyDeleteAMLN - still holding 12
ReplyDeleteSince I think the market will go higher over the medium term, I figured that I should close my TWM position instead of trying to time the small and brief sell-off that we may get. So I just sold at $15.82 the 1000 shares of TWM I picked up last Friday at $16.05.
ReplyDeletePsychologically, since I didn't like keeping that position, I was having vivid images of the market moving higher. Now that I am clearly net long, I wonder if I'll get clear images of the market selling off. :) As 2nd_ave used to say, sometimes a trader needs to take a position in order to fully feel the outcome of that position.
Another reason for closing TWM right now is that I got a feeling that the recent intraday dip is over and all indices may finish green today.
ReplyDeleteX???
ReplyDeleteAMLN- Isn't that the weight drug one?
ReplyDeleteThose of you on my pay service were alerted to CDTID 2 weeks ago.
ReplyDeletehttp://seekingalpha.com/article/232319-amylin-pharmaceuticals-stock-trashed-without-justification-opportunity-for-long-term-investors?source=yahoo
ReplyDeleteInteresting. Thanks Kyle. Any of you guys have a take on this one??
ReplyDeleteImbalances....Not good.
ReplyDeleteSELL...C/WFC/BAC/SWN/CVX.
JB- BTIM crashes on new lease???? Wish I was watching it.
ReplyDeleteHmmmm......HERO close.
ReplyDeleteGood day...+.66%.
ReplyDeleteNice earnings for DWA.
At the bar!!!
I have the pleasure of reporting a 1.9% day, along with the shame of being WAY too long despite having pulled some off the table yesterday...
ReplyDeleteRally skepticism? Sure, and markets don't typically rally in September either, right? Sell in May worked out well (to my amazement) for those who trade according to seasonal cycles though.
I'm not willing to look a gift horse in the mouth, keep it coming boys and girls... and don't forget to wake me when the tide turns.
Hey Mark - someone dumped about 100k shares, used the weakness to add another 5k shares, bought ARUN today as well.
ReplyDeleteOverall the bespoke market strength indicator as move up another notch, i.e. more bullish so I'm going back up to 65%-67% equities this week.
"Those of you on my pay service were alerted to CDTID 2 weeks ago."
ReplyDeleteAvailable on 8-Track and cassette wherever trading products are sold. But wait, there's more(Crowd begins forming around podium)! With your special internet service subscription you'll get an additional bonus of a daily letter in exquisite detail on set it and forget it picks most likely to excel in the next 48 hours. All with a tail light guarantee not to rust, bust, chip, peel, or hurt the baby in any way!. Now isn't that amazing?!?!?!
Get yours today!!!!
OINK - Man, this ticker by itself must be worth at least $500M, which would make this security a 10 bagger...
ReplyDeletenew post
ReplyDeleteI wonder how much longer the campaign for social equity will cling to it's alternative realities?
ReplyDelete