Re: Post-close Report/ SMH newSubmitted by 2nd_ave (5453 comments) on Tue, 04/05/2011 - 06:07 #83072 (in reply to #83066) NDQ futures have pulled back. You may yet get your entry into SMH.
Re: Post-close Report/ SMH newSubmitted by 2nd_ave (5454 comments) on Tue, 04/05/2011 - 08:27 #83087 (in reply to #83078) Mark- I'm still leaning towards staying away for the month of April. But there's a good chance the TXN buyout of NSM puts a bid under SMH for a few days in the ST. There's no doubt the news is good from a valuation standpoint- something to 'recall' if/when we see a sharp drop in sentiment on semis.
TZA @ 33.86 newSubmitted by 2nd_ave (5455 comments) on Tue, 04/05/2011 - 10:51 #83114 Dinner with Ginnie Mae was a quiet affair. Sticking to lunch dates with TZA.
Bought a few XLF May $15 calls at $1.59...I like XLF here...toeing the 50 DMA line. Will now soon enough if it breaks out or breaks down. I think it's the former.
Rather than put a ton of money at risk on DANG, which I still think has a chance to make a big move soon (and which has actually put in a higher low over the past couple of weeks) I decided to buy some ITM calls. I bought 5 of the May $19 Calls at $2.6 and 5 at $2.65. There is a decent chance this explodes 50% higher really quickly so I want to be in the move if it makes it while keeping less money at risk.
If I could have sit trading with any of the greats of the past, it would have been Michael. It talks about how the FED has and is screwing savers. Takes a great jab at Buffet who is nothing but a huge insider.
Some of these metal miners are reversing their down trends and have some serious catching up to do. If history repeats and metals are entering an uptrend, equities upside may enter another (final?) leg up?
Since when has the FED no punished savers, isn't the whole idea to encourage investment? Sit in cash, you get burned, it's always been this way.
What about the last two decades of declining employment prospects as jobs have been actively exported while the public has been pacified with more and more ability to accumulate debt?
Any method to the madness?
Traders sit in cash and bitch about Bernanke as the DOD budget sails past $500B? Where do you think that money really goes?
What I mean is, who's making up these stories and for what purpose? They sound like they're coming from some bear camp somewhere to me, some insidious attempt at keeping the sheeple refrained and under control.
I look back at the past two decades in amazement that the dollar wasn't in the sewer 15 years ago , five years after employment exports lifted from the launch pad.
Nah man, cash can be really good and is an under rated position at times. Twice in the last 11 years cash was your best position (or short). Don't believe me, just talked to people who lost 50-70% of there money twice in the market during 2000 and again in 2008.
But that is just my opinion and you are entitled to yours, later.
You're absolutely correct though, it's probably a comfortable position for you to simply sit in your chair complaining instead of engaging the concepts. That's what I see.
man i turned on CNBC just now and that half time fast money show was on...i can't believe how bearish all of these people are. there are so many contrarians out there that the contrarian trade is actually the wrong one. no one believes in this economy. they should probably spend several hours talking to CEO's to get a take on how good business is. or maybe get to owning a business.
CNBC - I thououghly believe that the best things in life are free, or nearly free with the caveat that dishonest people are aware of this and they exploit it.
Every single coin I've ever seen has two sides on it.
I managed to pick up 10 more options on DANG at $2.55 and $2.65. I think my avg is around $2.61. DANG is acting really well right now...perhaps I will get lucky and the momentum traders in the SINA/SOHU/BIDU/QIHU trains will rotate into my DANG train.
FTWR - Sounds good to me they need to find a place to locate a few antennas in a hurry! It may even be too late...
So what's the likely result of the HEK/WPRT/PCAR deal? I see WPRT has gone hyperparobolic the past few sessions but is it gonna last and is there a snowball's chance nat-powered vehicles will ever receive whiskey dents on American roads?
that's crazy on the HEK / WPRT tie up. those two companies are big time winners huh?
by the way, have you guys ever had a stock on your watch list that just goes up and up every month without every really letting up? BCPC is that stock on my watch list. i have watched this thing go up and up and up without letting up. i remember last year when it pulled back to like $18 i posted on CC that it was time to load up the boat on that company. i was thinking the same back in mid march when it dipped to $32. fortunately i have been able to outperform it's rise but i suspect some time soon when my portfolio returns go down or flat, this stock will just continue to go higher and higher.
TOF -- Thanks for pointing out that DANG made a higher low yesterday. I just bought 500 shares at $20.96 and placed a sell stop limit at $19.50/$19, just below yesterday's low.
After the news on HEK partnering with Encana came out today, HEK immediately spiked up from 6.32 to 6.37. But then, it forgot that it left my sell stop at 6.30 in place, and so Big Boyz engineering a quick spike down to 6.29, took out my stop, and ramped up HEK to 6.45. How much more greedy can they by? I only had 500 shares! It really wasn't worth screwing up the chart just to take out my small position...
Thinking about buying pulse less CSCO to go along with my barley a heartbeat MSFT. Any thoughts that re balance will continue to give a push to our four dead horseman?
REDF surely doesn't want to go up in an obvious way. To give it some more space, I decided to stagger my sell stop limits: 1K shares at $7.75/$7.70 and 1K shares at 7.40/7.
After looking a little more at the CCJ chart, I decided to move my stop back to $30.25/$30. Placing a stop just below today's low is a sure way to get faked out.
T3D- If it was anything other than AEM, I'd say yes, it's a buy. There's just something weird with the way it trades compared to it's group. Kinda like AUY.
MDW - I would've bought the pullback there but somebody's obviously got that bull by the nose ring and although it may go higher I don't trust a stock that regularly swings by 15% every few days.
Maybe they do that on purpose just to scare everyone away, I have no idea except my interest is waning even as a spectator.
Thanks Mark, yes it has been weak relative to its peers lately. I sold it earlier today for a day trade today may buy back today with gold b/o.
CP, MDW, if it was easy anybody could do it. This stock is a 7-11 dollar company going forward.
WPRT, on b/o day I mentioned it was a eoy target of 29-31 just did not think they would try to do that in five days. Now I think its a 50-100 stock if NGAS bill gets passed.
Mark - MITK makes this really cool app that lets you take a picture of an invoice with your phone and pay for it through your bank account. It also lets you deposit a check through your phone. They have signed on a bunch of the major banks.
DANG: I'm pretty sure this is the 1st day i have seen DANG trader better than all other China internet stocks.
REDF is surely trying to shake out everyone who got on board today. Which is a natural thing to do. So I just picked up 1K more shares at $8.06 and included them into my sell stop at $7.75.
I finally watched the Super Bowl last night and saw an ad for "picture checks". You take a pic of your check with your phone and transmit it to your bank....that's it. Thus no trip to the atm.
So...I remembered a powerful momentum stock that I followed the past few months that was involved in that technology. For the life of me, I could not remember the ticker.
It was MITK. Thanks! I would imagine that it goes back to its highs and then some..
Added to LMLP. I really like the zigzag pattern here under 3.00. I think it could be a replay of MGIC if the market cooperates. That's a big IF. SDS looks ready to rock but QID, SSG, TWM etc. do not.
UNG and nat gas closed right on 20 day moving average. Tomorrow is officially do or die for natty.
Check out stockcharts.com weekly chart for LMLP. 5 big red bar down weeks in a row. When the pressure is eventually released, the retracement should be swift and steep.
Re: TZA @ 33.86> Dumped after hours @ 34 newSubmitted by 2nd_ave (5456 comments) on Tue, 04/05/2011 - 17:23 #83186 (in reply to #83114) The usual crazy date. Always nice when she picks up the check.
ECUXF finished the day +10%. Last week I bought 5K shares on margin in my ETrade account at 0.99(unlike Scottrade and OptionsHouse, ETrade doesn't charge an extra fee for stocks under $1). I figured that I should place a sell limit order for these 5K shares at $1.10, just to get out of margin in that account.
Kyle - LMLP from a chart perspective looks basically identical to REDF in late November. It pulled back just about 50% to the prior point from where it was basing before then it went on for a huge run...I don't know anything about LMLP but I think from just a pure technical perspective it looks like it could be a low risk trade with potentially a very high reward.
As for REDF, I had a vision today about it spiking down, taking out my stop at $7.75, and then shooting up. So I just moved my stop down to $7.40/$7.30 for the 3K shares I have.
David - Something smells fishy about the trading in REDF...maybe it's just that I'm out of it and missed a run higher but the $8 level seems like big resistance in the short term. I still think it trades down to the mid $6 level.
TOF -- REDF is definitely not as "determined" now to shoot up as it was during previous advances. Maybe too many people are trading it right now, and so it is beginning to mask its real moves? If we zoom out, however, it is making clear higher lows and higher highs over the past month. So I think it is worth a shot.
I bet!
ReplyDeleteSouthwests' new spokesman...
ReplyDeletehttp://www.youtube.com/watch?v=IQKjj_FDI_M
I don't know who Ginnie Mae is. Is she a back up singer for Barry Manilow?
ReplyDeleteI've heard that name, RB. One of the central bankers, is he? Ginnie has been one helluva backup singer for the Fed.
ReplyDeleteRe: Post-close Report/ SMH newSubmitted by 2nd_ave (5453 comments) on Tue, 04/05/2011 - 06:07 #83072 (in reply to #83066)
ReplyDeleteNDQ futures have pulled back. You may yet get your entry into SMH.
Re: Post-close Report/ SMH newSubmitted by 2nd_ave (5454 comments) on Tue, 04/05/2011 - 08:27 #83087 (in reply to #83078)
ReplyDeleteMark- I'm still leaning towards staying away for the month of April. But there's a good chance the TXN buyout of NSM puts a bid under SMH for a few days in the ST. There's no doubt the news is good from a valuation standpoint- something to 'recall' if/when we see a sharp drop in sentiment on semis.
If there's a rush to buy AMAT/CSCO/HPQ/INTC, I don't see it.
ReplyDeleteQID, out, re balancing is not a variable I want to deal with.
ReplyDeleteMM's buying here to set up a long day of selling? That's my take watching to open. Still holding though.
ReplyDeleteIt's going to be a long season. Every morning Kendra tells me what time the Giants are playing.
ReplyDeleteBeijing raised rates, from what I hear, Shanghai likely to lose some height tonight?
ReplyDeleteHey, how bout that game last night! Man, that was some impressive basketball!
ReplyDeleteWTF happened to CREE?
ReplyDeleteWTIC/Brent spread continues to widen. 107/122.
ReplyDeletehey bro - what's the real deal with the crude spreads - brent is safer? i don't get it at all
ReplyDeleteJB- It's all about where it is delivered. Brent is ERU/ME etc.
ReplyDeleteVickie VIX flips red.
ReplyDeletethx Mark, I'll need to read up on that
ReplyDeleteJB- Here you go. http://www.theoildrum.com/node/7519
ReplyDeleteThis is a great site. Heavy on the fundies, but a must have site for idiots like me.
excellent, thx Mark!
ReplyDeletenew 52 week high for SAP, word must have leaked that I'm out of the office
CREE - A higher low...
ReplyDeleteHRZ - A true high flyer...
ReplyDeleteIWM - Flyin' like a bird
TZA @ 33.86 newSubmitted by 2nd_ave (5455 comments) on Tue, 04/05/2011 - 10:51 #83114
ReplyDeleteDinner with Ginnie Mae was a quiet affair. Sticking to lunch dates with TZA.
Steady as she goes gentlemen.
ReplyDeleteBought a few XLF May $15 calls at $1.59...I like XLF here...toeing the 50 DMA line. Will now soon enough if it breaks out or breaks down. I think it's the former.
ReplyDeleteRather than put a ton of money at risk on DANG, which I still think has a chance to make a big move soon (and which has actually put in a higher low over the past couple of weeks) I decided to buy some ITM calls. I bought 5 of the May $19 Calls at $2.6 and 5 at $2.65. There is a decent chance this explodes 50% higher really quickly so I want to be in the move if it makes it while keeping less money at risk.
ReplyDeleteIf I could have sit trading with any of the greats of the past, it would have been Michael.
ReplyDeleteIt talks about how the FED has and is screwing savers. Takes a great jab at Buffet who is nothing but a huge insider.
Listen if so inclined.
http://www.fundmymutualfund.com/2011/04/video-cnbc-hedge-fund-legend-michael.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FundMyMutualFund+%28Fund+my+Mutual+Fund%29
Some of these metal miners are reversing their down trends and have some serious catching up to do. If history repeats and metals are entering an uptrend, equities upside may enter another (final?) leg up?
ReplyDeleteSell in May?
"FED has and is screwing savers."
ReplyDeleteWhat savers, I don't see no stinking savers?
Since when has the FED no punished savers, isn't the whole idea to encourage investment? Sit in cash, you get burned, it's always been this way.
What about the last two decades of declining employment prospects as jobs have been actively exported while the public has been pacified with more and more ability to accumulate debt?
Any method to the madness?
Traders sit in cash and bitch about Bernanke as the DOD budget sails past $500B? Where do you think that money really goes?
Too funny!
What I mean is, who's making up these stories and for what purpose? They sound like they're coming from some bear camp somewhere to me, some insidious attempt at keeping the sheeple refrained and under control.
ReplyDeleteI look back at the past two decades in amazement that the dollar wasn't in the sewer 15 years ago , five years after employment exports lifted from the launch pad.
Look into that if you want to uncover conspiracy.
Nah man, cash can be really good and is an under rated position at times. Twice in the last 11 years cash was your best position (or short). Don't believe me, just talked to people who lost 50-70% of there money twice in the market during 2000 and again in 2008.
ReplyDeleteBut that is just my opinion and you are entitled to yours, later.
"Twice in the last 11 years"
ReplyDeleteSure, timing is key isn't it? You know the good 'ol boys club has a habit to feed, dog will hunt.
You're absolutely correct though, it's probably a comfortable position for you to simply sit in your chair complaining instead of engaging the concepts. That's what I see.
ReplyDeleteWhat's the frequency, Kenneth?
man i turned on CNBC just now and that half time fast money show was on...i can't believe how bearish all of these people are. there are so many contrarians out there that the contrarian trade is actually the wrong one. no one believes in this economy. they should probably spend several hours talking to CEO's to get a take on how good business is. or maybe get to owning a business.
ReplyDeletehttp://www.youtube.com/watch?v=MT3ez3mkXFk
ReplyDeleteCNBC - I thououghly believe that the best things in life are free, or nearly free with the caveat that dishonest people are aware of this and they exploit it.
ReplyDeleteEvery single coin I've ever seen has two sides on it.
http://www.youtube.com/watch?v=cm2YyVZBL8U&feature=list_related&playnext=1&list=MLGxdCwVVULXcuIRpHO4MBLud-hiPRtDy1
ReplyDeletegot gold
I managed to pick up 10 more options on DANG at $2.55 and $2.65. I think my avg is around $2.61. DANG is acting really well right now...perhaps I will get lucky and the momentum traders in the SINA/SOHU/BIDU/QIHU trains will rotate into my DANG train.
ReplyDeleteTRP - Looking back, I see a nice breakout materialized.
ReplyDeletehttp://www.youtube.com/watch?v=X7eFQMakhDE&feature=related
ReplyDeleteWPRT halted, got WPRT
DANG heating up
ReplyDeleteHFS! HEK is teaming up with WPRT/ECA/PCAR! What a small Fing world!!! UNREAL!
ReplyDeleteYo Mark you beat me to it, WPRT/HEK connection.
ReplyDeletehttp://www.youtube.com/watch?v=JiWt0Di6ZwQ&feature=related
Next thing you know will be FTWR portable antennas strapped to the back of HEK's WPRT PCAR trucks. I absolutely can not believe it.
ReplyDeleteFTWR - Sounds good to me they need to find a place to locate a few antennas in a hurry! It may even be too late...
ReplyDeleteSo what's the likely result of the HEK/WPRT/PCAR deal? I see WPRT has gone hyperparobolic the past few sessions but is it gonna last and is there a snowball's chance nat-powered vehicles will ever receive whiskey dents on American roads?
that's crazy on the HEK / WPRT tie up. those two companies are big time winners huh?
ReplyDeleteby the way, have you guys ever had a stock on your watch list that just goes up and up every month without every really letting up? BCPC is that stock on my watch list. i have watched this thing go up and up and up without letting up. i remember last year when it pulled back to like $18 i posted on CC that it was time to load up the boat on that company. i was thinking the same back in mid march when it dipped to $32. fortunately i have been able to outperform it's rise but i suspect some time soon when my portfolio returns go down or flat, this stock will just continue to go higher and higher.
HEK - Oh I get it, HEK is going to jump-start an American natty transportation avalanche! ;)
ReplyDeleteI'll be a monkey's uncle!
ALXN is another one of those rocket rides...
ReplyDeleteTOF -- Thanks for pointing out that DANG made a higher low yesterday. I just bought 500 shares at $20.96 and placed a sell stop limit at $19.50/$19, just below yesterday's low.
ReplyDeleteMDW, moving nicely, got MDW?
ReplyDeletesold AEM, regrettably
anybody know anything about this site/
http://algofutures.com/wow-indices/wow-index-sp-500/day-trading-chart/
After the news on HEK partnering with Encana came out today, HEK immediately spiked up from 6.32 to 6.37. But then, it forgot that it left my sell stop at 6.30 in place, and so Big Boyz engineering a quick spike down to 6.29, took out my stop, and ramped up HEK to 6.45. How much more greedy can they by? I only had 500 shares! It really wasn't worth screwing up the chart just to take out my small position...
ReplyDeleteThinking about buying pulse less CSCO to go along with my barley a heartbeat MSFT. Any thoughts that re balance will continue to give a push to our four dead horseman?
ReplyDeleteCoffee eeee
I see that value stocks are acting well today: CSCO, INTC, ECU. :)
ReplyDeleteEven momentum stocks like REDF are doing well. I decided to move up my stop for 2K shares to $7.75/$7.65, just below today's low.
Also, I decided to move up my stop on CCJ to $30.50/$30.25, just below today's spike down low.
Grass hopper asks, who was Steinhardt?
ReplyDeletet3d
http://www.youtube.com/watch?v=T8__EwAT8VM
ReplyDeleteREDF surely doesn't want to go up in an obvious way. To give it some more space, I decided to stagger my sell stop limits: 1K shares at $7.75/$7.70 and 1K shares at 7.40/7.
ReplyDeleteECUXF is up 7% today. Should have paid the 0.5% fee and purchased it yesterday in Scottrade, as it was such a great value under $1...
ReplyDeleteAEM, is this chart a buy? Comments please
ReplyDeleteDANG has just returned to retest the high of the morning spike -- quite a natural thing to do. Just bought 100 more shares at $20.81
ReplyDeleteguys check out this MITK stock...it's an OTC stock. they have VERY interesting technology and seem to be gathering some momentum.
ReplyDeleteWild day.
ReplyDeleteAfter looking a little more at the CCJ chart, I decided to move my stop back to $30.25/$30. Placing a stop just below today's low is a sure way to get faked out.
ReplyDeleteEven AKRX is cooking today.
ReplyDeleteT3D- If it was anything other than AEM, I'd say yes, it's a buy. There's just something weird with the way it trades compared to it's group. Kinda like AUY.
ReplyDeleteMDW - I would've bought the pullback there but somebody's obviously got that bull by the nose ring and although it may go higher I don't trust a stock that regularly swings by 15% every few days.
ReplyDeleteMaybe they do that on purpose just to scare everyone away, I have no idea except my interest is waning even as a spectator.
MITK- Like the chart. What's the story?
ReplyDeletePretty hard to believe XHB is flat after KBH report.
ReplyDeleteThanks Mark, yes it has been weak relative to its peers lately. I sold it earlier today for a day trade today may buy back today with gold b/o.
ReplyDeleteCP, MDW, if it was easy anybody could do it. This stock is a 7-11 dollar company going forward.
WPRT, on b/o day I mentioned it was a eoy target of 29-31 just did not think they would try to do that in five days. Now I think its a 50-100 stock if NGAS bill gets passed.
Cheers all you crazies.
Nice pull back in HERO. Pretty tough to jump in here though.
ReplyDeleteMark - MITK makes this really cool app that lets you take a picture of an invoice with your phone and pay for it through your bank account. It also lets you deposit a check through your phone. They have signed on a bunch of the major banks.
ReplyDeleteDANG:
I'm pretty sure this is the 1st day i have seen DANG trader better than all other China internet stocks.
REDF is surely trying to shake out everyone who got on board today. Which is a natural thing to do. So I just picked up 1K more shares at $8.06 and included them into my sell stop at $7.75.
ReplyDeleteDANG and AEM short term charts have almost the same set-up.
ReplyDeleteMark-
ReplyDeleteI finally watched the Super Bowl last night and saw an ad for "picture checks". You take a pic of your check with your phone and transmit it to your bank....that's it. Thus no trip to the atm.
So...I remembered a powerful momentum stock that I followed the past few months that was involved in that technology. For the life of me, I could not remember the ticker.
It was MITK. Thanks! I would imagine that it goes back to its highs and then some..
TOF-
ReplyDeleteYou beat me to it! MITK
MITK- Interesting. Thanks guys.
ReplyDeletePull back in MGIC.
ReplyDelete2000 MGIC @ 6.78. Probably early.
ReplyDeleteBack in AEM
ReplyDeleteAdded to LMLP. I really like the zigzag pattern here under 3.00. I think it could be a replay of MGIC if the market cooperates. That's a big IF. SDS looks ready to rock but QID, SSG, TWM etc. do not.
ReplyDeleteUNG and nat gas closed right on 20 day moving average. Tomorrow is officially do or die for natty.
FWIW: AEM.TO - bought a starter position Thursday March 31 2011 at 63.32.
ReplyDeleteCheck out stockcharts.com weekly chart for LMLP. 5 big red bar down weeks in a row. When the pressure is eventually released, the retracement should be swift and steep.
ReplyDeleteGMO - Kinda looks like the news someone(s) was trying to front-run wasn't released during today's lunch-in/open house.
ReplyDeleteMGIC - Where's the neckline on that H&S, is it $5.50ish or right about here?
ReplyDeleteNoticing several Chinese stocks closed with an advance today in the face of Beijing's tightening, CADC was one of them.
ReplyDeleteRe: TZA @ 33.86> Dumped after hours @ 34 newSubmitted by 2nd_ave (5456 comments) on Tue, 04/05/2011 - 17:23 #83186 (in reply to #83114)
ReplyDeleteThe usual crazy date. Always nice when she picks up the check.
"Always nice when she picks up the check."
ReplyDeleteI thought you'd picked her up so you could use the carpool lane.
lng TER at 18.30. Tight stop
ReplyDeletePiecing the puzzle together from today's market action, I see Portugal received a downgrade.
ReplyDeleteECUXF finished the day +10%. Last week I bought 5K shares on margin in my ETrade account at 0.99(unlike Scottrade and OptionsHouse, ETrade doesn't charge an extra fee for stocks under $1). I figured that I should place a sell limit order for these 5K shares at $1.10, just to get out of margin in that account.
ReplyDeleteKyle - LMLP from a chart perspective looks basically identical to REDF in late November. It pulled back just about 50% to the prior point from where it was basing before then it went on for a huge run...I don't know anything about LMLP but I think from just a pure technical perspective it looks like it could be a low risk trade with potentially a very high reward.
ReplyDeleteAs for REDF, I had a vision today about it spiking down, taking out my stop at $7.75, and then shooting up. So I just moved my stop down to $7.40/$7.30 for the 3K shares I have.
ReplyDeleteDavid - Something smells fishy about the trading in REDF...maybe it's just that I'm out of it and missed a run higher but the $8 level seems like big resistance in the short term. I still think it trades down to the mid $6 level.
ReplyDeleteTOF -- REDF is definitely not as "determined" now to shoot up as it was during previous advances. Maybe too many people are trading it right now, and so it is beginning to mask its real moves? If we zoom out, however, it is making clear higher lows and higher highs over the past month. So I think it is worth a shot.
ReplyDeletenew post
ReplyDelete