I was tainted and ended up shorting FSLR.
I blame myself for not looking at the big picture, especially when I had read the blog below.
Lesson learned is that some times you need to filter out all the noise; otherwise, it will confuse the hell out of you.
The only thing I did right was to cut my losses while it was small - 3%
Tuesday, January 29, 2008
I was tainted and ended up shorting FSLR.
Posted by Unknown at 4:25 PM
Friday, January 25, 2008
Keep you eyes on VMW.
Better yet, nibble at little at 80 and was for break of support at 77 or 73 depending on your risk tolerance.
Significant Numbers To Watch
11634-Support, the 1/22/08 low
13563-Resistance, the 12/26/07 high
13050-50-day simple moving average
13367-200-day simple moving average
1270-Support, the 1/23/08 low
1523-Resistance, the 12/11/07 high
1440-50-day simple moving average
1487-200-day simple moving average
2202-Support, the 1/23/08 low
2734-Resistance, the 12/11/07 high
2577-50-day simple moving average
2612-200-day simple moving average
Posted by Unknown at 9:31 AM
Wednesday, January 23, 2008
Tuesday, January 22, 2008
I present you with the weekly chart of AAPL
RSI > 30 ; therefore, the stock is not yet oversold
OBV is going down
MACD crossed down
You can play the bounce, but I would not hold too long.
Posted by Unknown at 9:10 PM
Saturday, January 19, 2008
The Nasdaq is now down 18.37% from highs reached on 10/31/07. A bear market occurs when the price declines by 20% or more after previously rallying by 20% or more. While it's not yet a foregone conclusion that the Nasdaq will turn into a bear, it's getting very close, and investors should be prepared for what the typical bear looks like. Since the Nasdaq index was created back in 1971, it has suffered 13 bear markets. The average bear has been 216 days long for an average decline of 36.51%. Only 4 out of the 13 bears saw declines of less than 30%, and 4 bears saw losses of more than 40%.
Please visit the site and look at the data.
The Nasdaq has been declining since 10/31/2007 for 79 days down 18.37%
Here is the chart for DOW
There is no bottom -- only support or broken support.
1 -- see how the DOW broke below Nov low 12,750
2 -- see how the DOW broke below Aug low 12,500
Now, will 12,000 hold? If it does not hold then it won't be the bottom.
For goodness sakes, I don't want Z to be wrong. I actually want him to be right.
However, I am not going to accept it as gospel that 12,000 is the bottom.
Let's just say that 12,000 is the bottom and DOW rallies. How high do you think it will go before there is resistance?
Look at how far below the 200dma the DOW is. Just looks ugly to me.
Posted by Unknown at 4:27 PM
Thursday, January 17, 2008
Interesting to note the probability of getting the the price objective.
The market is near bottom.
Look at the charts for the VIX.
Posted by Unknown at 10:12 PM
Wednesday, January 16, 2008
There is nothing to write about except this market is brutal.
solar, ag, tech have all had fast and huge run up and now they are falling at the same rate.
The recovery won't be as rapid because the economy looks bad and is affecting the global market.
I got trapped in the hold and hope mode and bleeding to death daily.
Posted by Unknown at 7:34 AM
Monday, January 14, 2008
Friday, January 11, 2008
HUGE RANT !!!
beanieville —35 minutes ago with 0 points
Btw, i had the opportunity to short JASO via puts near the close today, as an overnite daytrade. I didn't have the time to announce it to you folks and i wasn't sure if i should, being that it's a friday alot of news can come out in the weekend. But i took the bait anyways. If it trades higher at the open on monday without any news, you can join me.
fortune8 —11 minutes ago with 1 point
That's just absolutely wrong of you beanie !!!
You know that I have been itching to short JASO and have posted here for the last two days.
It's would have been nice of you to drop a little hint before and not after the fact.
I am dinging your point on that one !!!
Posted by Unknown at 7:31 PM
Thursday, January 10, 2008
Posted January 9th 2008
"Buy when there are sellers and sell when there are buyers."
That is an old saying but still applies today. Of course it works best in hindsight when it can do little practical good. However, if you watch and read charts you can 'see' and 'feel' when the sellers are in charge and when the buyers are in control. At this time the sellers have the upper hand. Every time the market tries to stage a rally sellers flood in driving stock prices back down. At some point, and we are approaching that point, the trend will change. Until then be cautious.
Stock prices are looking more and more attractive. Valuations are excellent in many stocks. World growth is strong and likely to stay that way. It is our economy that is suspect. We are going to get more bad news in the financial sector, but look for hints of good news in that area. That might be our first signal that the end of the bear phase of the market is near.
We will likely get a short term bounce up, but it might be a 'Bear Trap'. That's a short term bull market to get people in stocks only to have the sellers take charge again.
We need a better picture on the economy before any strong moves should be made.
Posted by Unknown at 8:55 PM
Wednesday, January 9, 2008
I am planning to sell the rally and take profit on some of the stocks I own: VMW, RIMM, AGU, MELI, etc...
I normally don't like to pound my own chest, but I just feel compelled to do it time.
fortune8 —01/07/2008 07:13 PM with 3 points
I think STP can close below 70 by options expiration. As a matter of fact, put in 25% BUY STP @ 66
At the same time, I don't like to cherry pick either.
So you all know that I took a loss on CIEN(c), VMW(c), AKS, SIGM.
I am still holding SIGM for longterm and looking to buy back SYNA.
I decided to buy AGU,MELI AH. Just looking at the charts, it is hovering around 21ema.
Posted by Unknown at 5:45 PM
Tuesday, January 8, 2008
I just dont have enough money to buy everything I want.
I wanted to believe in RIMM and it make a monkey out of me. This sucker has been falling for 8 days straight now. I just know when I sell the stock will run up. As you can see, I have not learned to control 100% of my emotion.
Hopefully you understand by now the importance of protecting profit and loss, e.g. AAPL and the market. If you are trading and cannot watch your stocks, then STOP will help you greatly.
Posted by Unknown at 5:50 PM
Monday, January 7, 2008
I am flabbergasted beanie may be charging $400-$2,000 per month for subscription. My suggestion is to pay yourself first before you pay anyone. Find a good mutual fund and put the money there. Look at CGMFX
I missed lisa and scibby was graceful today. If you remember, I told you that scibby will have his day. I am disappointed missing STP short at 90.
Protect your profit and your capital. Just because I have a greater pain tolerance, it does not mean you should too since my situation may be different than yours.
Posted by Unknown at 6:22 PM
Friday, January 4, 2008
Thursday, January 3, 2008
Absolutely terrible play on CIEN calls as the stock dove off the cliff !!!
Good thing it was only $500.
MELI: I would buy some at 62; however, not sure if it will get there.
VMW: This stock is testing my patience.
Why won't it just break 83 already?
SYNA: If the stock closed below 40, then it means that I am wrong.
SINA: Hopefully you did some nibbling today.
AKNS: Lowballing this stock for a buy.
Posted by Unknown at 8:08 PM
Wednesday, January 2, 2008
I came across the above post and could not agree more.
If you are having difficulties with the market, reduce your trade dollar until you get the hang of it.
This is why I recommend www.zecco.com because they offer 10 free trades/month.
This gives you a chance to learn without incurring large commission fees.
Shameless Plug: If you decide to sign up with zecco and would like for me to refer you so that I get $50, then leave me your email.
Posted by Unknown at 9:55 PM
SIGM (still own it and I let it slipped away)
SYNA (50% CALL position remaining, 100% stock)
Stock closed above 4/8 ema today. I am hoping to test email@example.com.
VMW (100% CALL and stock)
Stock is OVERSOLD. It needs to stay above 83 on the close.
Shorted this sucker AH.
Posted by Unknown at 6:09 PM
I am here all alone because I lost my wager not to post at beanie if QQQQ closed below 51.50. In the last 20 minutes, the QQQQ did a nose dive. Now I owe ShawnRain a latte. If you see him, please let him know I am looking for him so that I can pay my debt.
Remeber to always use some type of protective stop or take profit. I am a great example of taking profit too soon, but it's better to have capital gain than capital loss.
Keeping any eye on SYNA, VMW, JASO, STP.
Posted by Unknown at 5:53 AM