tag:blogger.com,1999:blog-6969366797834293153.post3085085894895042586..comments2023-10-28T01:56:57.243-07:00Comments on Trading Topics: 10/3/10 Red October/Mr. OctoberMarkWhttp://www.blogger.com/profile/10115276845896649502noreply@blogger.comBlogger131125tag:blogger.com,1999:blog-6969366797834293153.post-16596542452333059872010-10-05T08:01:47.804-07:002010-10-05T08:01:47.804-07:00Move over to the new post boys....Move over to the new post boys....MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-6247241001155181182010-10-05T08:00:58.990-07:002010-10-05T08:00:58.990-07:00"Question is, was that the smart money?"..."Question is, was that the smart money?"<br /><br />Only if the smart money happens to think government isn't going to flood markets with currency in order to stave off depression.<br /><br />It might just work if they can get everyone on board.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-35313639529390937892010-10-05T07:56:25.791-07:002010-10-05T07:56:25.791-07:00A Ton of Supply this morning newSubmitted by 2nd_a...A Ton of Supply this morning newSubmitted by 2nd_ave (4696 comments) on Tue, 10/05/2010 - 10:55 #70776 <br />I noticed large volume figures on the asks over the last 30 minutes. Question is, was that the smart money?2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-32702334444178687762010-10-05T07:52:59.746-07:002010-10-05T07:52:59.746-07:00Man, either shorts received some serious hydrazine...Man, either shorts received some serious hydrazine burns this morning or the early action has a lot to do with covering.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-9715413743278838802010-10-05T07:52:31.598-07:002010-10-05T07:52:31.598-07:00INTC Vintage 1921 (19.21) newSubmitted by 2nd_ave ...INTC Vintage 1921 (19.21) newSubmitted by 2nd_ave (4695 comments) on Tue, 10/05/2010 - 10:52 #70775 <br />If they pull me over for a DUI, it's going to be for the good stuff.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-39353720797323339232010-10-05T07:48:19.237-07:002010-10-05T07:48:19.237-07:00I think copper has a fair chance of reaching $3.90...I think copper has a fair chance of reaching $3.90 before the day of our traditional turkey feast.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-32055093235510695282010-10-05T07:46:58.570-07:002010-10-05T07:46:58.570-07:00Spiking the punch with BAC @ 13.29 newSubmitted by...Spiking the punch with BAC @ 13.29 newSubmitted by 2nd_ave (4694 comments) on Tue, 10/05/2010 - 10:46 #70773 <br />If I'm drinking the Koolaid, it may as well be spiked.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-81292365128360753362010-10-05T07:45:31.266-07:002010-10-05T07:45:31.266-07:00GMO - Will they take it back to $3.64 during today...GMO - Will they take it back to $3.64 during today's session?Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-54160232343032194972010-10-05T07:39:31.525-07:002010-10-05T07:39:31.525-07:00Adding XLF @ 14.55 newSubmitted by 2nd_ave (4693 c...Adding XLF @ 14.55 newSubmitted by 2nd_ave (4693 comments) on Tue, 10/05/2010 - 10:39 #70771 <br />Why? I just think the banks will be joining in the 'murderous run-up.'2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-72768404023634729672010-10-05T07:31:15.536-07:002010-10-05T07:31:15.536-07:00CSCO @ 21.80 newSubmitted by 2nd_ave (4692 comment...CSCO @ 21.80 newSubmitted by 2nd_ave (4692 comments) on Tue, 10/05/2010 - 10:29 #70768 <br />It seemed to show relative strength during yesterday's sell-off, and I like the pricing here. Or maybe it's my first play of the third year of the Presidential cycle...2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-88431190590286376772010-10-05T07:30:47.999-07:002010-10-05T07:30:47.999-07:00What, ~30 days until mid-term elections, right?
&...What, ~30 days until mid-term elections, right?<br /><br />"that has to be the one move almost no one expected"<br /><br />It's precisely the move I'm anticipating but it's not the one I'm playing, it just happens to have a similar vector.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-57082221368228220412010-10-05T07:25:51.751-07:002010-10-05T07:25:51.751-07:00Re: Bear Season
Submitted by Vadym Graifer (1478 c...Re: Bear Season<br />Submitted by Vadym Graifer (1478 comments) on Tue, 10/05/2010 - 10:10 #70764 (in reply to #70757)<br />"that has to be the one move almost no one expected"<br /><br />Hate to sound smug, but I'll have to chalk myself up in "almost" category:<br /><br />[15:35] {Threei} It's so exceedingly obvious that we must drop from here<br />[15:36] {Threei} that I strongly suspect it won't happen<br />[15:36] {Threei} I mean it will but not before we make one more murderous run-up<br />[15:37] {Threei} my working assumption:<br />[15:37] {Threei} any retreat we have during this or next week is a trap,<br />[15:37] {Threei} shorts get lured in for slaughter<br />[15:37] {Threei} then sharp rally will eliminate them, and only then we will drop<br /><br />http://tradinglog.realitytrader.com/2010/09/sep-30...<br /><br />reply Contact the author Bookmark this Ignore thread Ignore user <br />Re: Bear Season newSubmitted by 2nd_ave (4691 comments) on Tue, 10/05/2010 - 10:25 #70765 (in reply to #70764)<br />Vad- Well, let me play the role of CNBC talking head here-<br /><br />'It's the third year of the Presidential cycle, November is coming up, and today we're probably looking at the start of a 20-30% move up into 2011. Vad, you called this move yesterday. We can't really broadcast the kind of sadistic reasoning you have behind your call, but we know you're just joking- it's the Presidential Play here, right?'2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-69872541148304868852010-10-05T07:05:05.709-07:002010-10-05T07:05:05.709-07:00SMH/XLF buyers stepping up.SMH/XLF buyers stepping up.Chickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-34486996401181313382010-10-05T07:02:04.360-07:002010-10-05T07:02:04.360-07:00Cheepy, you might want to rent a copy of the movie...Cheepy, you might want to rent a copy of the movie Just Visiting, I recommend this movie not only for it's content but it also features a Matador like yours.<br /><br />The AMC Matador had the best looking sheetmetal of the AMC lineup, the Pacer and Gremlin are the other two that come to mind.<br /><br />http://cgi.ebay.com/ebaymotors/1974-AMC-MATADOR-COUPE-ORIGINAL-VINTAGE-AD-/370216960861?pt=Motors_Manuals_Literature&hash=item5632a6835d<br /><br />Here's an example of one of my "muscle" cars from the same era, although this one shows an incorrect hood that wasn't available on this particular option package:<br /><br />http://cgi.ebay.com/ebaymotors/1973-Mustang-Convertible-351-FX-trans-rebuilt-EC-/300472379786?pt=US_Cars_Trucks&hash=item45f58ca98aChickenpookiehttps://www.blogger.com/profile/09474588806509500129noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-56808034103033741742010-10-05T06:59:13.338-07:002010-10-05T06:59:13.338-07:00REDF getting pumped- take a little off the table?REDF getting pumped- take a little off the table?2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-33485094647336047062010-10-05T06:31:21.905-07:002010-10-05T06:31:21.905-07:00Landry-
Random Thoughts:
The indices got hit fai...Landry-<br /><br />Random Thoughts:<br /><br />The indices got hit fairly hard on Monday but they didn't come unglued.<br /><br />The good news is that the sector action remains constructive.<br />Many remain in uptrends. Of those, most only had a pullback based on Monday's action.<br /><br />This action sets up quite a few setups in areas such as Internet, Foreign Stocks (especially technology and Internet), Computer Hardware, and Selected Metals.<br /><br />As I told my service peeps last night, I think it's time to "stick a toe in."<br /><br />However, MAKE SURE you wait for entries. That in and of itself might keep you out of trouble.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-60857608683979961342010-10-05T06:28:00.044-07:002010-10-05T06:28:00.044-07:00IMPORTANT!!....NEW HIGHLY INFORMATIVE POST.IMPORTANT!!....NEW HIGHLY INFORMATIVE POST.MarkWhttps://www.blogger.com/profile/10115276845896649502noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-11496968691985446922010-10-05T06:22:18.728-07:002010-10-05T06:22:18.728-07:00Why doesn't tk just go with trends until they ...Why doesn't tk just go with trends until they stop? Stubborness = losing $Teamonfuegonoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-59682004524037791892010-10-05T06:19:35.268-07:002010-10-05T06:19:35.268-07:00What a difference a day makes!
BOJ, our ally in t...What a difference a day makes!<br /><br />BOJ, our ally in the currency war with China, has shaved interest rates slightly to zero, basically.<br /><br />The U.S. is issuing record amounts of debt at miniscule rates also, even as we stand aside and allow our dollar to fall also. We seem to be saying to the Chinese "We will pay you back the debt, but we're not paying any interest and we are paying in wildly inflated dollars. <br /><br />With the worlds greatest military by far, there is essentially nothing the Chinese can do.<br /><br />But for the FED, talk about painting yourself into a corner!<br /><br />Realize folks, the way the economic realities in Washington literally take off the table een the possilibity of entertaining the Tea Party's firmer money stance. It's just impossible. And also undersirable, from a Washington planner's perspective for reasons that should be obvious. <br /><br />I watched the Linda McMahon/Dick BLumenthal debate and was surprised, pleasantly, when I realized that Dick was SHELLACKING Linda McMahon.<br /><br />It literally wasn't even freaking fair, his command of the issues and of the mechanisms of government and even business were extraordinary in comparison to hers, with her southern drawl, her turkey neck, and her calls for tort reform.<br /><br />Tort reform is SO 1991 isn't it? Besides...do yu have any idea how hard it is to actually sue doctors who kill you? In my state about 200 such cases are brought each year, the legal hurdles are so high just getting into court against a doc.<br /><br />I question the sticking power of todays enthusiasm, as yesterdays selloff seemed like the start of a 3-5 day correction. <br /><br />But what the hell do I know? Don't fight the fed, right, even if they have sushi each day for lunch:)<br /><br />One word of advice....<br /><br />Don't order the miso horny soup:) <br /><br />sorry couldn't resist.sharknoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-77838133425731897502010-10-05T06:16:18.751-07:002010-10-05T06:16:18.751-07:00Bear Season newSubmitted by 2nd_ave (4690 comments...Bear Season newSubmitted by 2nd_ave (4690 comments) on Tue, 10/05/2010 - 09:15 #70757 <br />Bears probably wish they'd taken the entire year off. A 100 point shake-out followed by an 80 point gap up- that has to be the one move almost no one expected, and therefore another win for the Market.<br /><br />No skin the game right now, and I'll have to wait for a reason to trade either way.<br /><br />Congratulations again to jet, who closed TZA @ 26.90 yesterday for a +5% gain- a gain which would have disappeared overnight.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-50896605687974259762010-10-05T06:06:58.504-07:002010-10-05T06:06:58.504-07:00TK has to be wishing he took 2010 off.TK has to be wishing he took 2010 off.2nd_avehttps://www.blogger.com/profile/11891113186978672464noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-23558139579523639672010-10-05T05:11:01.991-07:002010-10-05T05:11:01.991-07:00Another Meredith Whitney interview coming up on cn...Another Meredith Whitney interview coming up on cnbc @ 8:40am...Kylenoreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-64859777422414019142010-10-05T00:37:31.849-07:002010-10-05T00:37:31.849-07:00David Rosenberg mentioned this morning that the si...David Rosenberg mentioned this morning that the size of the net speculative long position on gold right now is among the 3 largest sizes EVER observed. At the same time, $USD is greatly oversold and is due for a rebound rally. So I just placed a sell stop limit order under all of my CEF at $16.50/$16.48.<br /><br />Also, I placed a buy stop limit order for 500 shares of TWM at $18/$18.05Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-81607919664618923492010-10-04T22:55:56.056-07:002010-10-04T22:55:56.056-07:00HNUZF will start rolling over to December futures ...HNUZF will start rolling over to December futures at the end of this week, and they are *already* at $4.04. How much more can they drop? It seems absurd to have December futures below $4, since any spell of cold weather in December will rocket NG much higher. So I am placing a buy limit order for 500 shares of HNUZF at $3.25 and for 1000 shares at $3.Davidhttps://www.blogger.com/profile/01511765703071689959noreply@blogger.comtag:blogger.com,1999:blog-6969366797834293153.post-60991901414659296272010-10-04T20:54:22.075-07:002010-10-04T20:54:22.075-07:00Mark, e5 is talking about a "magic money mach...Mark, e5 is talking about a "magic money machine" that essentially prints money by placing bets that have a high degree of probability to win, by offsetting bets on two things at the same time. Its called "arbitrage". <br /><br />For example, I might buy a convertible bond, and short the stock to protect the value of the bond in case the company goes under. If the company doesn't go under I get the interest, and when the bond converts to stock, I use it to cover the short. If the company goes under, the short covers the loss on the bond.<br /><br />Anyway, its pretty tricky if you ask me. I prefer simple buy low, sell higher.cheapybobhttps://www.blogger.com/profile/08720367580095655196noreply@blogger.com