Beanieville: Dow wants 11,000 before the bounce? Short GOOG!
intuitivetraders
· 1 year ago
What's up Z!!
I can't believe I had to come here to find you. I command u to get back to your blog and start posting some earnings spreadsheets!!!
-gio thehawaiitrader
zstock
· 1 year ago
GIO---just go to my disqus page--- http://disqus.com/people/zstock/#comments that's what i do, every night---so I can double check my notes-- also i get to see what others are saying by clicking on following---like that DUMB cookie (OA he's really smart and tough --though) --but this is one heck of a mental lapse, IMO) over there trying to short WFR, WHEN EWH is going to skyrocket overnight---
Docqb
· 1 year ago
Hey Z,
if you quit your blog, I can't watch anymore free sci fi from your basement tv......
Docqb
· 1 year ago
sp 8 day moving avg crossed over 21 day moving avg....... not good long term....
zstock
· 1 year ago
SPX --the 400 day weekly is 1197--= 24% correction from Oct highs---that sounds like it's in the ball park
Docqb
· 1 year ago
we're going lower than that....
zstock
· 1 year ago
WELL if i see CME at $320 ( extremely doubtful)--I'm backing in the truck---I wanted to buy NDAQ today-- I think I have time to see a flag style bottom-so next couple of days-- CME is approx $7 below the BB13,2 band--and the last 7 times it's been below the band, it's snapped up significantly higher , right away---hmmm, i just noticed that little factoid---
bought uaua for my ira this morning its a triple or a bankrupt stock within a year
unreal how low CC is after hours after BBI withdraws awful is it going to be zero before the winter holidays? i guess beanie ur happy with ur BBI stock
CROCK
· 1 year ago
Still holding QTWW MAS ???
Rax
· 1 year ago
Z
If you love tech analysis then take a look at CELG .... this one is by the book
zstock
· 1 year ago
CELG is a short, overnight--pure and simple--- DECLINING eps over the last 8 month's so I can throw out that 75 high, CELG won't get there, too bad I determined this after market close---Now i'll have to place order ---at opening
Rax
· 1 year ago
Please be careful though on shorting CELG....bullish news that came out yesterday.
Winace
· 1 year ago
I was right all around today ;-). My blog is going private, if anyone needs me, or wants to check out my new stuff, see me at http://www.channellines.net ! The arbitrage trade long QQQQ/ short IWM is kickin a$$!
lilme
· 1 year ago
"private" - wondered why you showed up over here?
Good luck.
Winace
· 1 year ago
Because I communicate with many of your more popular commenters here.
vodka_tonic
· 1 year ago
short AAPL here 173.5 - 174....
zstock
· 1 year ago
BB13,2 middle band says 174.6--but then, what happens if qqqq is up again on Wednesday?
vodka_tonic
· 1 year ago
im betting it will dip to 173.5 at least at some point.
today's run was a freak.
TV107
· 1 year ago
ur nuts to short goog here the stock will be over 560 before july 17 earnings
that was a powerful gap up and in no way has to be filled
vodka_tonic
· 1 year ago
it can go either up or down....but, market trend is down overall.
yoyo
· 1 year ago
TV
are you still holding those CME 385 calls? man that was a big drop today.
TV107
· 1 year ago
i did get some sold yesterday but i took a big hit today
first i forgot cme numbers were today second i got all confused cause markets was rallying huge at 10am but cme started tanking third i finally saw PR but i stupidly misread the 10am press release...i thought it said positive 4%
this is a terrible technical breakdown after hours UBS initiated CME with a neutral and a 430 pt...prob wont move stock either way the only good thing is ndaq and nyx are even more oversold than cme so maybe theyll start recovering and cme will follow ice monthly numbers are tomorrow i think
i dont know what to do at this point as to my july calls whether i should cut my losses or pray for a recovery
at this point i'll prob need 390-395 on cme after factoring in time decay to break even i'd say there is a 12-15% chance stock hits those levels in next 2 weeks and maybe thats optimistic most likely i'll get out at a target price on xlf or s&p problem is earnings is july 22, tuesday after expiration so im not worried about the several august calls i have left
vodka_tonic
· 1 year ago
good luck
zstock
· 1 year ago
CME 422 is the weekly 200 day---short term target price---minimum slow sto rebound is $25--- TV if you have the 380 calls I'd hold out for at least 20.00-- or shift some into into AUG 420 CME at $420 and the AUG 420 is 20.00---with blow out earnings CME might get back to its 200 day = $550
"As if to underline our government's astonishing ability to do nothing as oil climbs above $140 a barrel, the U.S. Bureau of Land management, which manages millions of acres of empty, sunny land in the Southwest, has slapped a moratorium on new applications to put solar collectors on federal land. The agency says it has a backlog of 130 applications and will not accept more before it completes a regional environmental-impact study. The study would take 22 months."
zstock
· 1 year ago
WHo thinks gasoline will be $3.50 on election day?--
yao ming
· 1 year ago
WHO LOVES YA BABY????? YAO MING DOES
zstock
· 1 year ago
QQQQ weekly 200 day is 42.2 on the 2 year chart--that's the buy signal of all buy signals, when-if QQQQ reaches that
zstock
· 1 year ago
Isreal really doesn't like Iran's nuclear--I can't find any odds of them attacking, but I'm giving it better than 50/50---You won't be catching me shorting USO any time soon for an overnight
yao ming
· 1 year ago
israel needs to chill out. havent we learned anything from the bush war? enough war. i am sick of it. how about some damn peace and prosperity??????????
zstock
· 1 year ago
Well USO is usually down on Tuesday's . Isreal's making it hard for USO to correct--Anyway, they won't be attacking any time soon--if at all--
bikeguy
· 1 year ago
kind of hard to "chill out" with Achmadinijihad in Iran making speeches about "vaporizing" Israel and "death to infidel" (jihad speak for "vaporizing everybody else"). Hang in there, Yao Ming, because Obama has an advisor who says we all need to read and learn from Winnie the Pooh books- no joke, google that-- while militants in Pakistan behead people accused of being U.S. Spies and torch schools for girls. Sad thing is the evil we're fighting now has been there for centuries doing the same evil, only this time, they're being met with force and courage. Yes, we also need to protect the flow of oil, too.
yao ming
· 1 year ago
meanwhile its my $$$$$ thats going to pay for it. ever think about that????? every damn q i drop another phantom to the irs AND IM FNG SICK OF IT
bikeguy
· 1 year ago
Tell u whut-- next JDAM we assemble, I'll chalk on it "THIS GIFT TO DA MOOJ FROM YAO MING'S $$$"-- I'll make sure it's a 2,000-pounder.
yao ming
· 1 year ago
my my my. we have an ignorant one on our hands. u r talking to a desert shield veteran son. better watch your mouth before i go where you are and smack u in ur mouth myself
zstock
· 1 year ago
There is good news---XOM is moving into IRAQ--permantly--as of yesterday's contract win---Spend a trillion to control 10 trillion,,,,that's not a bad ROI
The Contractor
· 1 year ago
You're a real live tough guy, eh?
zstock
· 1 year ago
PCLN gap support at 106
zstock
· 1 year ago
STP, I saw STP in the 33's so I started nibbling again at solar---SPWR and WFR , STP,, took up small positions
vodka_tonic
· 1 year ago
anybody know of any news why steel stocks are getting battered?
zstock
· 1 year ago
FRANKFURT OVernight---
ThyssenKrupp, down 3.08 or 7.72 percent, was the second biggest loser on the back of media reports that peers such as Nippon Steel and JFE Steel are in negotiations with Rio Tinto and have accepted massive price increases for the supply of Australian
awesome, thanks a ton Z...i knew the market was gonna slam them soon because of increases in raw materials prices.
zstock
· 1 year ago
you remember I thought SCHN earnings report today was going to be the slam catalysts, well wrong idea, but right day---
vodka_tonic
· 1 year ago
did u go short SCHN ?
zstock
· 1 year ago
I don't know how to short SCHN? or MM--which is SMS now**--MEA, and IDSA -- the other 3 SCHN type companies--I keep missing the dips--I see the dips, but i can't see any buy signals that I'm comfortable with, when they dip
Docqb
· 1 year ago
Follow the big red bouncing ball......
MAS
· 1 year ago
my balls are BLUE and GREEN lmao!
zstock
· 1 year ago
EWH is at an exact double bottom00so far EWH has been the closest index that Solar stocks follow
Docqb
· 1 year ago
short fuel time....
zstock
· 1 year ago
I might try short USO , after the holiday---if driving demand is down 3% year to year--might get a pullback under $111. But until I see what FXE does on ECB rate hike Thursday, I'm on the sidelines
MAS
· 1 year ago
DAMN missed pulling the trigger on RIMM job @ 115...Grrrrr!
I have two numbers now---DOW 10941 bottom, and QQQQ 200 weekly 42 ( qqqq 42 is doubtful), but I like the fact they say keep shorting the bounces---that's hot!!!
beanieville
· 1 year ago
nice bounce... for the techs anyways
zstock
· 1 year ago
XOM just won't go down, so when the market conditions finally bottom, XOM looks like it's going another leg higher to $104 or higher
beanieville
· 1 year ago
while thursdays are nastys, tuesdays tend to be the days where bottoms are made.
gotta pay attention.
beanieville
· 1 year ago
You know, i'm a pretty quick trader, but Cramer changing his mind everyday makes me look like a tortoise. lol
beanieville
· 1 year ago
You know the freaky thing is that everybody has been calling for a snapback rally for awhile now and it hasn't happen yet.
yao ming
· 1 year ago
i havent. i was looking for a decline. mark to market and hedge fund redemptions end of q2. now the stage is set. not saying it will happen but at least we have the ingridients for it
beanieville
· 1 year ago
ENER should be headed towards 60...then possibly 40-50
beanieville
· 1 year ago
Still not much fear going on...people are still buying the dip
(of course, gap faders should buy morning dips)
beanieville
· 1 year ago
A big CRASH is probably what this market needs..
beanieville
· 1 year ago
or the bears will just keep on picking the financials and housing.
We don't need to drag it on and drag it on.
Let the crash begin... and let the alternative energy bull market get on its merry way.
beanieville
· 1 year ago
i suggest for the next few months, you trade the market with the mindset that we're gonna meltdown and then crash into october.
But we should get one decent rally likely next week.
beanieville
· 1 year ago
ENER likely gonna see 60 by thursday
TV107
· 1 year ago
ironic part is we need LEH to lead us higher today
TV107
· 1 year ago
funniest thing ive seen on the message boards in a while
"beer & soda cans now accepted at FED Window " "they probably want something that is tangible"
tenyeartrader
· 1 year ago
UYG is a double in a year
beanieville
· 1 year ago
i just go out of bed.... and all i can say is "oh sh&t!"
i hope everyone is mostly already out of the market , or hedged.
Docqb
· 1 year ago
stopped holding overnite a long time ago......
TV107
· 1 year ago
i just shut my trap
i asked europe to take a stand and make a significant futures move for us look what they crapped on us overnight
TV107
· 1 year ago
remember its not where it opens but where it closes we close below friday's levels and all bets are off
fortune8
· 1 year ago
Market always has an excuse to go down. If it's not Asia then Europe.
My bottom fishing is not working.
Docqb
· 1 year ago
Surprisingly enough, stocks aren't down that bad...... this could be the washout.
zstock
· 1 year ago
LLL is buy now, it's $5 below its regression lines
zstock
· 1 year ago
beannie !!! you are going to get your below 11,000, as per your blog title--- how'd you see 11,000?
zstock
· 1 year ago
yeah GIO, keep publishing those SPY numbers---I just found out, SPY Q2 is down 11%--which means--- my DIA 112.80 won't hold--- I based the number on 8.1%-- Q2 spy loss-- So , now 112.80 - 3% = 109.41 that's the bottom---23% down from Oct highs, and ( that 11%) is based on current gasoline prices.
zstock
· 1 year ago
frankfurt overnight looks mixed--- Pre-market--if it's down, then F truck sales report, and same store sales and GDP, all failed--and probably some other sector got down graded, by some BS analyssys
zstock
· 1 year ago
DOW 10,941--eventually---that's the bottom---unless gasoline goes even higher.
beanieville
· 1 year ago
Hey, if the market bounces tomorrow, RIMM is the stock to play to the long side.
zstock
· 1 year ago
I'll be watching Retail Box---all double bottoms---even SBUX is a double bottom TGT up 3% in AH, WMT up 1%
TV107
· 1 year ago
beanie...bullish on rimm and bearish on goog thats so mixed up granted rimm is a beta play on the QQQQ but rimm is busted right now goog is not busted, only trending lower with the QQQQ
beanieville
· 1 year ago
yeah, basically you short GOOG on a weak market, long RIMM in a rally mode. The reason for RIMM is that it is now sitting just above the 200dayMA.
vodka_tonic
· 1 year ago
i agree with beanie...i wouldn't short GOOG just yet, but RIMM should go up in a UP market.
beanieville
· 1 year ago
GOOG is below both the 200dayMA and the 50dayMA, so RIMM is a much stronger stock for the time being.
TV107
· 1 year ago
the 20 on goog has still not crossed the 50 which is all that matters
and within 2-3 days the 20, 50, 200 will converge at around 546 and we'll see how stock reacts then, especially if it is trading at those prices
TV107
· 1 year ago
my disappointment is neither europe nor asia seems capable anymore of giving us a significant futures bounce overnight
zstock
· 1 year ago
hey docqb, you ever been to Winace? I made +10% using his QQQQ numbers in a 30 minute time frame-- I like his " NEW" box display. His box display numbers started matching my MA's and Oscillators-- You know how I'm always saying two signals are always better than one?
vodka_tonic
· 1 year ago
is it like 2 idiots is better than one ;p
zstock
· 1 year ago
I closed out my DIA 119 calls today. I finally figured out they were going to Zero--- Can you short sell the calls?---right now they are 0.40 and going to 0.00--So that's $40 profit---
vodka_tonic
· 1 year ago
hold on to them...things can't get much worse :)
Docqb
· 1 year ago
I stop in once and a while...... but truthfully, I use about 10 different indicators depending on mkt conditions.....like tommorrow when I sell about 50 call contracts on SKF....
i wonder where Micheal D is ? http://disqus.com/people/michaelD/ i get worried when I see people dis-appear in down turns-- last downturn,au contrare, disappeared
Docqb
· 1 year ago
Ya won't get rid of the rest of us that easy Z...... lol
fortune8
· 1 year ago
I will be around for a while.
zstock
· 1 year ago
I'm in cash---just using 5% long on small opening positions--I'm waiting for USO at $111 to try a small position in USO---I don't know what else to do?
beanieville
· 1 year ago
Options and margin trading do this to people, especially when they get the direction wrong.
beanieville
· 1 year ago
i sincerely hope everyone here is still around when this period is over with. People are dropping out like flies in the other blogs. I keep on seeing new faces replacing the old ones.
Docqb
· 1 year ago
investment darwinism........ survival of the fittest......
TV107
· 1 year ago
i really never thought we'd see the day where uyg < xlf but it finally happened today
even though lehman got raided, there is still hope with the way energy is trading for a decent sized bounce on stocks as long as oil doesnt close above fridays close, we still have not broken out of the channel that was made on the gap up a few weeks ago
fortune8
· 1 year ago
DECK: how is it that the stock is holding up in this market?
TV107
· 1 year ago
i always like to look at the spread between deck and pcln widest in weeks
deck is amazing considering whether ua, crox are
zstock
· 1 year ago
DECK has "EPS" growth DECK last year 08-4.50 this year 09-7.50.
zstock
· 1 year ago
USO--is A-OK---I can get in at $111, and even if the trade goes against me by 3% to 8%---I can still get my money back, when ECB announces rate hike on Thursday...
zstock
· 1 year ago
CCJ--is a short sell, again---EPS was reduced by 30% in FEB so 42 - 44 is it's high and 31-34 is it's low
SKF the ultra short for financials is this a.m. above the spikes up for Jan and March 08...very extreme
beanieville
· 1 year ago
There must be significance to the breakdown of the Dow below january lows. Until we get above it, try not to bottom fish. It could go alot lower than we could imagine.
I'm actually feeling great because all the stocks i sold have gone lower. I'm net short as of yesterday.
T
· 1 year ago
Market won't rally until next week. Too much stake to risk for all those critical data coming on Thursday...
T
· 1 year ago
RIMM is going down the spiral. Waxie called 80 is coming soon for this pos.
T
· 1 year ago
covered RIMM shorts at the open with +12 gain for four days...
beanieville
· 1 year ago
our overnite short on ENER is kickin arse
fortune8
· 1 year ago
nicely played.
fortune8
· 1 year ago
Looking at solars and it feels like deja vu all over again.
beanieville
· 1 year ago
unfortunately, it could get a whole lot worse if we're meant to crash this october...lol
fortune8
· 1 year ago
I am only trading the FSLR at the moment. Sometimes I hit it; other times I miss it. Not buy solar until may be double bottom?
tenyeartrader
· 1 year ago
BNI is a buy
vodka_tonic
· 1 year ago
lol
fortune8
· 1 year ago
FSLR buy 262.50 double bottom 3 pts stop.
fortune8
· 1 year ago
Rasing stop to 1 penny from purchase price.
tenyeartrader
· 1 year ago
lots of good long term buys out there this morning and possible day fades. GLD is a buy if it can close above $92.56. UYG was below $20!
beanieville
· 1 year ago
i already took profits on ENER
+5 nearly, is very juicy
While i think it goes lower, a daytrade is a daytrade
dsassa
· 1 year ago
TAN? still a buy here? sell?
beanieville
· 1 year ago
add more in october.
But don't buy now
fortune8
· 1 year ago
If there is a time for a bounce, let it be today going into tmr - LMAO
beanieville
· 1 year ago
we just might. RIMM is strong.
meme111
· 1 year ago
one of your buddies longed rimm at 116.01 and aapl at 165.5
yao ming
· 1 year ago
today we have a short term bottom put in.
Draggonfodder
· 1 year ago
OK, I have saved the day. I have sold all my solars for a big loss. Now that I am out, they will go back to their 52 wk highs within a day or two. The DOW will hit 16000 and oil will fall to 32.00. You can thank me later.
beanieville
· 1 year ago
i've nibbled in some stocks... just a nibble on stocks i already planned to hold longer term.
i no longer hold any shorts.
We are so oversold in the short term that a big snapback rally can come anytime now.
yao ming
· 1 year ago
hope u bought some commodities stocks. best of luck to you guys.
Draggonfodder
· 1 year ago
I have had gold and silver for a couple of years and have done well with them. My solars just wiped out a full year of earnings. Back to the grind, I'll get it back by year end.
yao ming
· 1 year ago
solars a fad. commodities are real and here. buy energy, non-recious metals and potash.
Mike
· 1 year ago
Buy, Buy, Buy, Buy FSLR will close $285+ today. No risk no reward.
Mike
· 1 year ago
Just bought 1,000 shares of FSLR. GOD bless AMERICA.
beanieville
· 1 year ago
AP Sector Snap: Chinese solar energy companies fall Tuesday July 1, 10:45 am ET Cash flow concerns, higher capital investment requirements drag Chinese solar energy companies
NEW YORK (AP) -- Shares solar cell maker Trina Solar Ltd. fell Tuesday, joining a decline among most other Chinese solar energy companies. Goldman Sachs analyst Jason Channell, citing "cash flow concerns" in a client note, moved Trina shares to his "Conviction Sell" list from a "Neutral" rating, and slashed his price target to $23 from $38.
Shares of Trina fell $1.15, or 3.8 percent, to $29.49 in morning trading.
Some of Trina's problems afflict much of the Chinese solar sector, he said.
"We believe the industry faces growing concerns over free cash flow generation, due to rising (capital expenditure) requirements, raw material prepayments and a tougher equity funding environment," Channell wrote.
Elsewhere in the sector, Suntech Power Holdings Co. Ltd. fell $2.01, or 5.4 percent, to $35.45; Solarfun Power Holdings Co. Ltd. lost $1.18, or 6.7 percent, to $16.32 and Canadian Solar Inc. gave up $2.06, or 5.1 percent, to $38.13.
China Sunergy Co. Ltd. lost 52 cents, or 6.3 percent, to $7.75; and Yingli Green Energy Holding Co. Ltd. fell 88 cents, or 5.5 percent, to $15.04.
beanieville
· 1 year ago
i am shorting GOOG again , this time here at 528.5
stoploss at hod
tradeking08
· 1 year ago
Market like this is where I lose a lot of money. I try to bottom pick only to find the bottom is falling out a little later. Plain #$#%& market. Where is the bottom?
beanieville
· 1 year ago
Amazing that Bank of America (BAC) used to be at $50 not too long ago.
With it dropping so fast, i gotta assume something really bad is about to hit us.
tradeking08
· 1 year ago
FED should have let Bear declare BK in march. That would have helped make the other banks come clean on their books. The fed just delayed the inevitable and gave the big boys to unload the positions with a bounce in Apr/May. I think there will be some high flying blow-ups the way things are looking, C, WB, BAC all look very bad. Not to mention ABK, MBI, CFX, WM etc. This is just plain ugly. I still don't understand how the markets are only 20% lower after all these carnage, amazing. Market should be at '02 lows at this point, really.
beanieville
· 1 year ago
if that many comes blowin up, yeah, we will see 2002 lows
T
· 1 year ago
FED did the right thing back in March. If it didn't, America would have gone BK this year, not only financials but all US companies and US consumers...
beanieville
· 1 year ago
LEH just lost its upgrade power
beanieville
· 1 year ago
die GOOG die!!!!!
beanieville
· 1 year ago
with the market this bad, i'm gonna hold my new GOOG short longer, with stoploss in place
yao ming
· 1 year ago
i still say we r close to a st bottom. maybe 90% of the way there. lets see
tenyeartrader
· 1 year ago
wow...they are even selling commodities today
beanieville
· 1 year ago
The VIX is at 25.5 on a rise but it'll take like at least 2 more days of real carnage to get it to the march high of 36.
beanieville
· 1 year ago
gosh, if the VIX is meant to get that high, it's gonna be some real bloodin bull smackin.
beanieville
· 1 year ago
GOOG is still holding that 520 area, but once it gets taken out (low of day 517), the selling will be fast and furious.
Get ready..
T
· 1 year ago
GOOG won't go below 507 this month unless ER is bad.
beanieville
· 1 year ago
thing about GOOG is that they probably gonna slam it no matter what the company says at earnings.
MAS
· 1 year ago
HYGS = dumped another 10000 @ 2.20,2.25.2.27
ven88
· 1 year ago
MAS good call on HYGS, anything on your plate :) ?
ven88
· 1 year ago
MAS whats up with IDEV? still holding I missed to sell at $2 :(
MAS
· 1 year ago
nahh....dumped all my shares in IDEV...was a nice move off the floor but nothing to HOLD on in this market
MAS
· 1 year ago
nothing juicy really...covered a few shorts, hopped on CIT for a half ..in and out on LEH for a buck!
TV107
· 1 year ago
pete narjarian is quacking in his boots coal is getting absolutely destroyed
TV107
· 1 year ago
education stocks!!!!! apol is insane unreal that move so much on earning reports
I can't believe I had to come here to find you. I command u to get back to your blog and start posting some earnings spreadsheets!!!
-gio
thehawaiitrader
http://disqus.com/people/zstock/#comments
that's what i do, every night---so I can double check my notes--
also i get to see what others are saying by clicking on following---like that DUMB cookie (OA he's really smart and tough --though) --but this is one heck of a mental lapse, IMO) over there
trying to short WFR, WHEN EWH is going to skyrocket overnight---
if you quit your blog, I can't watch anymore free sci fi from your basement tv......
CME is approx $7 below the BB13,2 band--and the last 7 times it's been below the band, it's snapped up significantly higher , right away---hmmm, i just noticed that little factoid---
http://www.thestreet.com/story/10424109/3/googl...
460 next target down.
its a triple or a bankrupt stock within a year
unreal how low CC is after hours after BBI withdraws awful
is it going to be zero before the winter holidays?
i guess beanie ur happy with ur BBI stock
If you love tech analysis then take a look at CELG .... this one is by the book
DECLINING eps over the last 8 month's so I can throw out that 75 high, CELG won't get there, too bad I determined this after market close---Now i'll have to place order ---at opening
Good luck.
today's run was a freak.
the stock will be over 560 before july 17 earnings
that was a powerful gap up and in no way has to be filled
are you still holding those CME 385 calls? man that was a big drop today.
but i took a big hit today
first i forgot cme numbers were today
second i got all confused cause markets was rallying huge at 10am but cme started tanking
third i finally saw PR but i stupidly misread the 10am press release...i thought it said positive 4%
this is a terrible technical breakdown
after hours UBS initiated CME with a neutral and a 430 pt...prob wont move stock either way
the only good thing is ndaq and nyx are even more oversold than cme so maybe theyll start recovering and cme will follow
ice monthly numbers are tomorrow i think
i dont know what to do at this point as to my july calls whether i should cut my losses or pray for a recovery
at this point i'll prob need 390-395 on cme after factoring in time decay to break even
i'd say there is a 12-15% chance stock hits those levels in next 2 weeks and maybe thats optimistic
most likely i'll get out at a target price on xlf or s&p
problem is earnings is july 22, tuesday after expiration so im not worried about the several august calls i have left
TV if you have the 380 calls I'd hold out for at least 20.00--
or shift some into into AUG 420 CME at $420 and the AUG 420 is 20.00---with blow out earnings CME might get back to its 200 day = $550
"As if to underline our government's astonishing ability to do nothing as oil climbs above $140 a barrel, the U.S. Bureau of Land management, which manages millions of acres of empty, sunny land in the Southwest, has slapped a moratorium on new applications to put solar collectors on federal land. The agency says it has a backlog of 130 applications and will not accept more before it completes a regional environmental-impact study. The study would take 22 months."
ThyssenKrupp, down 3.08 or 7.72 percent, was the second biggest loser on the back of media reports that peers such as Nippon Steel
and JFE Steel are in negotiations with Rio Tinto and have accepted massive price increases for the supply of Australian
http://www.forbes.com/afxnewslimited/feeds/afx/...
on RIMM job @ 115...Grrrrr!
gotta pay attention.
(of course, gap faders should buy morning dips)
We don't need to drag it on and drag it on.
Let the crash begin... and let the alternative energy bull market get on its merry way.
But we should get one decent rally likely next week.
"beer & soda cans now accepted at FED Window "
"they probably want something that is tangible"
i hope everyone is mostly already out of the market , or hedged.
i asked europe to take a stand and make a significant futures move for us
look what they crapped on us overnight
we close below friday's levels and all bets are off
My bottom fishing is not working.
you are going to get your below 11,000, as per your blog title---
how'd you see 11,000?
my DIA 112.80 won't hold---
I based the number on 8.1%-- Q2 spy loss--
So , now 112.80 - 3% = 109.41
that's the bottom---23% down from Oct highs, and ( that 11%) is based on current gasoline prices.
Pre-market--if it's down, then F truck sales report, and same store sales and GDP, all failed--and probably some other sector got down graded, by some BS analyssys
TGT up 3% in AH, WMT up 1%
thats so mixed up
granted rimm is a beta play on the QQQQ but rimm is busted right now
goog is not busted, only trending lower with the QQQQ
and within 2-3 days the 20, 50, 200 will converge at around 546 and we'll see how stock reacts then, especially if it is trading at those prices
I made +10% using his QQQQ numbers in a 30 minute time frame--
I like his " NEW" box display.
His box display numbers started matching my MA's and Oscillators--
You know how I'm always saying two signals are always better than one?
Can you short sell the calls?---right now they are 0.40 and going to 0.00--So that's $40 profit---
http://www.nasdaq.com/aspxcontent/ExtendedTradi...
http://disqus.com/people/michaelD/
i get worried when I see people dis-appear in down turns--
last downturn,au contrare, disappeared
even though lehman got raided, there is still hope with the way energy is trading for a decent sized bounce on stocks
as long as oil doesnt close above fridays close, we still have not broken out of the channel that was made on the gap up a few weeks ago
widest in weeks
deck is amazing considering whether ua, crox are
DECK last year 08-4.50 this year 09-7.50.
www.national.com/analog/solarmagic
I'm actually feeling great because all the stocks i sold have gone lower. I'm net short as of yesterday.
+5 nearly, is very juicy
While i think it goes lower, a daytrade is a daytrade
still a buy here?
sell?
But don't buy now
i no longer hold any shorts.
We are so oversold in the short term that a big snapback rally can come anytime now.
Sector Snap: Chinese solar energy companies fall
Tuesday July 1, 10:45 am ET
Cash flow concerns, higher capital investment requirements drag Chinese solar energy companies
NEW YORK (AP) -- Shares solar cell maker Trina Solar Ltd. fell Tuesday, joining a decline among most other Chinese solar energy companies.
Goldman Sachs analyst Jason Channell, citing "cash flow concerns" in a client note, moved Trina shares to his "Conviction Sell" list from a "Neutral" rating, and slashed his price target to $23 from $38.
Shares of Trina fell $1.15, or 3.8 percent, to $29.49 in morning trading.
Some of Trina's problems afflict much of the Chinese solar sector, he said.
"We believe the industry faces growing concerns over free cash flow generation, due to rising (capital expenditure) requirements, raw material prepayments and a tougher equity funding environment," Channell wrote.
Elsewhere in the sector, Suntech Power Holdings Co. Ltd. fell $2.01, or 5.4 percent, to $35.45; Solarfun Power Holdings Co. Ltd. lost $1.18, or 6.7 percent, to $16.32 and Canadian Solar Inc. gave up $2.06, or 5.1 percent, to $38.13.
China Sunergy Co. Ltd. lost 52 cents, or 6.3 percent, to $7.75; and Yingli Green Energy Holding Co. Ltd. fell 88 cents, or 5.5 percent, to $15.04.
stoploss at hod
With it dropping so fast, i gotta assume something really bad is about to hit us.
Get ready..
hopped on CIT for a half ..in and out on LEH for a buck!
coal is getting absolutely destroyed
apol is insane
unreal that move so much on earning reports