Beanieville: Fade the gaps & Manage your portfolio
dealsaddict
· 1 year ago
wow look at google bounce. lol apt 490call doable now?
zstock
· 1 year ago
NYX---i'm getting out---i got my money back + 30%--- try to get more on any pullback Jaso--i'm getting out taking a 15% loss
zstock
· 1 year ago
WLP-- TV - I'm picking up the WLP apr 50 calls 1.50--- WLP price is al the way back to 2004 prices, just about
zstock
· 1 year ago
HUM-- TV ---back the truck in on HUM because the 61.8% fib is 44.50
zstock
· 1 year ago
WLP fib 61.8% = 56 ---that's the short term target 47 up to 56---WLP IS buy NOW---
fortune8
· 1 year ago
shouldn't you be working too?
fortune8
· 1 year ago
please don't pump the solars beanie.
just let it run the course
you scare me when you pump solars
lisa
· 1 year ago
lol
zstock
· 1 year ago
I lost so much money on solars, I'm never getting back in to those--- zee
fortune8
· 1 year ago
I sill have those apr15c for JASO and with earnings coming up.
zstock
· 1 year ago
Presiden Cheney is going to SAUdi's next week--- He's going to lay down the law--- Hopefully Saudi's will increase output and USO goes down zee
TV107
· 1 year ago
got into HUM at 45.18 great buy into close imo
TV107
· 1 year ago
this may be an alltime buy price 8 cents off low
TV107
· 1 year ago
or not...low just broken o well..im holding til i get 8 or so percent on this trade
fortune8
· 1 year ago
I hate this crap -- MA is getting slaughtered after I cover for pennies.
Sean21
· 1 year ago
what the hell is up with MA?
fortune8
· 1 year ago
there was news at bloomberg about credit card spending habbits
don't have the link since I am at work with slow POS puter.
Sean21
· 1 year ago
that's what you get for working....lol
beanieville
· 1 year ago
Sometimes using the hod as a stoploss is best.
fortune8
· 1 year ago
may be I exagerated a little bit. I only made 1 pt and missed out on 10 pts
that's just my luck I guess.
but I see what you are saying
makes perfect sense.
beanieville
· 1 year ago
actually, most times it is, as long as you shorted near the hod
TV107
· 1 year ago
BSC is super fun to daytrade today just moved 37,800 shares
lisa
· 1 year ago
LDK message on yahoo see below. I just want to mention that I prefer LDK over all other solars, one of reasons is that LDK has strong local government supports. That's very important for a fast growing company. American analysts miss this point. They could not believe why LDK can grow so fast. It can not explain by any company's history in the world. LDK can easily get loan from local government banks and cheap electricity and 24 /7 guaranty. Somehow LDK becoam a victim for its own success. I never change my believe on LDK.
i really want to learn how to fade gaps but how do u tell which stock is a good fade and all?
let me understand this..im new sorry. so if the stock i pick is up in pre market and i short it after it reaches a certain high ... it should fade itself is that right? what's the exit strategy if things go wrong? im making this seem complicated.
beanieville
· 1 year ago
the exit strategy is most often times the high of day established the first 30 minutes after open.
TV107
· 1 year ago
holy cow...i went to sleep at 8am and wokle up and all my sell orders went through for 5-7% gains
yes!!!! made up for yesterdays losses and more!!!
dealsaddict
· 1 year ago
wow everyone is profitting. im stuck with margin calls.
congrats to those who triumph the market today.
fortune8
· 1 year ago
don't margin in this environment unless you are using it to hedge, ie 2x inverse
dealsaddict
· 1 year ago
hey beanie thanks for the fading the gap guide for us all. this might be a good way for those who has limited money to trade.
I seem to be confused with fading the gap and your overnite daytrades because you talk about them alot. Do they emplore the same strategy? Thanks.
beanieville
· 1 year ago
They are very separate strategies. The morning gap fade is superior. The overnite is there if you for some reason miss the entire day or you just itching for a trade. Both are similar in that they are actually fading the overbought or oversold condition. But the overnite is more risky because of possible news overnite, good or bad. (We got sliced by RIMM and AAPL overnite shorts before due to good news the following morning.)
The overnite trades advantage is that it's less work for you. You buy or short and afterhours or the next morning you get a profit (if that is the case).
beanieville
· 1 year ago
Another advantage of overnites is that the market has a 50-50 chance of gapping your direction the next morning. In case you are wrong and it gaps the other way, often times you can savage your loss by putting another position on to fade that morning gap.
fortune8
· 1 year ago
We know that every bears will put on their shorts. However, is it wise to fade the gap with the Fed on our side and next week interest rate cut?
I just too scared to short but if I was not scared, then I would have made money.
beanieville
· 1 year ago
The market will probably close in the green. But i think we can make some dough fading this huge gapup
fortune8
· 1 year ago
There will always be resistance. Let's see JASO at 14. I will sell when I break even.
Pick your favorite stocks. How many are holding the bag and waiting to sell when you break even?
zstock
· 1 year ago
XLK looks like it's starting out gapped down in the morning--- ( frankfurt pre-market, overnight ) In my 22's range--just like I said--( 22's is a buy) Dow futures are up 47-- so that should help the market try to finish positive by end of day--- zee USO falling should also help the market--- USO is usually down Tues. ahead a bear Wed inventory report--
TV107
· 1 year ago
if futures are up, so is xlf
thank god, looks look we will get a decent gap up maybe we'll get at least a nice 15 pt spx gain today
fortune8
· 1 year ago
MA cracking
TV107
· 1 year ago
wlp oversold...buying at 47 for bounce to 50 tomorrow
fortune8
· 1 year ago
beanie,
don't you know any thing other than solars, throw some bones out there.
beanieville
· 1 year ago
I have a big advantage i'm not willing to give up, and that is focusing on the same 3 solar leaders that i've been doing. I haven't read up on other stocks like MA so i prefer to stay the solars.
fortune8
· 1 year ago
good anwer, good answer, X
fortune8
· 1 year ago
STP is just getting crushed !!!
Now you know the answer to why STP has been so weak all theese times.
Never fight the tape.
fortune8
· 1 year ago
you got it sean
Sean21
· 1 year ago
still holding...lol
Sean21
· 1 year ago
closed it out for almost a 500 gain....
Sean21
· 1 year ago
watch it close the gap....lol....
fortune8
· 1 year ago
covered MA
fortune8
· 1 year ago
solar is a big piece of crap.
FLSR can't even hang on to gains after a huge drop and starting all over again.
Sean21
· 1 year ago
I think this is all a prelude to not cutting next week...I wonder how the markets will take that? Probably rally knowing this fked up market...
Sean21
· 1 year ago
shorted FSLR at an avg of 183.68...This news cannot materially change anything except that the market beeter not price in much of a rate cut if any right now....I think if they were gonna do it they would have already...
fortune8
· 1 year ago
Not that is thiking out of the box and real gutsy.
Sean21
· 1 year ago
probably be my only trade of the day if it's a loser...lol
fortune8
· 1 year ago
Are you shorting or buying puts?
I brokerage never have any shares of FLSR or DRYS to short.
Sean21
· 1 year ago
shorting...nice timing huh?
fortune8
· 1 year ago
trust me -- I feel the pain from catching this fallig knife yesterday.
Cuts all over the place.
Sean21
· 1 year ago
This is excruciating....
Sean21
· 1 year ago
everything is fading...I probably should have faded the fade....DAMN IT!!!!
Sean21
· 1 year ago
Also I am betting the floor is in on STP...Don't think it goes below 30 after last night's news
Timmy
· 1 year ago
Hey Beannie..
This s day we are waiting for.. I hope it remain this kind of news for the rest of the week. .so cover BIG down GAP loss The question s which one financial/solar goes high first ?
pat
· 1 year ago
for number 2 and 3 what if there is a loss in selling. won't washout rule kill it doing over and over again?
beanieville
· 1 year ago
hmmm. i guess i dont think about the washout because i have full time daytrader status.
Anyways, your washout loss is not gone forever. It just gets pushed into a later year.
I would uses these strategies frequently if need to, and not worry too much about the washout.
troutslanding
· 1 year ago
what the hell is wrong with stp?
Sean21
· 1 year ago
they announced an offering last night...explains the downward trend the last week or so...Whoever was getting the private placement was shorting the hell out of it...Nice huh?
beanieville
· 1 year ago
selling 1/2 billion dollars worth of senior notes. Initial reaction will always be down. Google something like that 2 years ago, for like $4 billion.
Bo C.
· 1 year ago
LOL! Solve the credit problems with more credit!
Fools rally.
beanieville
· 1 year ago
if the market turns negative, your gap fades will result in a windfall, if you're still holding the shorts.
4
· 1 year ago
Beannie, what are your thoughts on JASO ?
beanieville
· 1 year ago
i just don't see anything wrong with solars in general. It's just a market event that's taking everybody out to the barn and shorting them, solars or otherwise.
beanieville
· 1 year ago
shooting them
good ole boy
· 1 year ago
Is STP a play at 29 or is everyone think it is going lower.
beanieville
· 1 year ago
it's a good buy
Sean21
· 1 year ago
looks like resistance at 30...I thought it would be support..shows you how smart I am
good ole boy
· 1 year ago
Anyone see this March 10, 2008, 5:02 pm Update: Solar Shares Crushed On Washington Post Report On Chinese Polysilicon Company Dumping Toxic Waste Posted by Eric Savitz
As noted earlier, the Washington Post yesterday in a front-page story provided a disturbing account about the dumping of toxic waste by Luoyang Zhonggui High-Technology Co., a manufacturer of polysilicon which serves as a supplier to SunTech (STP), China Sunergy (CSUN) and LDK Solar (LDK), and possibly others. The news is a potential black eye for an industry built on its ability to supply clean power. Whether the story will cause trouble for the industry long term is unclear; what is clear is that many stock in the sector fell sharply on Monday
beanieville
· 1 year ago
Geez Louise, that is a bunch of hotair. Some company out in china dumps some toxic waste and the solars get punished. Give me a freakin break! What? Some american wallstreeter has been snooping around in china's backyard and checkin things twice? Geez louise!
You get fined , a slap on the write, and told not to do it again... Isn't that how it normally goes in business?
Today's trades: bought FXP @ 93.68 sold @ 95.68 bought UYG @ $28.80 sold @ $29.54
The Fed just doesn't want that DOW below 12,000. I wish they would just stay out of our markets.
anon
· 1 year ago
Now tell me if LDK is not manipulated or not, check out Yahoo finance for LDK and WSJ is publishing all the old news of Oct 2007 as the new news. Link of yahoo is today's date/time but if you click on the link it takes to WSJ story of oct 2007
Winace
· 1 year ago
Hello all. Z, I thought you were taking my advice on JASO? Watch for the gap down in the AM across the board. If we don't gap we'll drop off real quick before making an attempt at more resistance levels. Z, sorry for any "misunderstanding" at my site, you are welcome there anytime. Later guys.
zstock
· 1 year ago
I don't have your newsletter , so I have a hard time understanding your Blog--- but I do read Micheal D--- zee
shamil
· 1 year ago
Was nice meeting you on FB. Many investors are still positioned long in stocks. In bear markets while selling can have tax implications why not actively write deep in the money cover calls to off set and decline in stocks ? This way your portfolio value is protected, you still qualify for dividends and you dont have any tax implications.
While short selling is an idea, an acquisition or some major news could cause a pop and put you in a disadvantaged position. as for the calls, you have the option of buying it back with the loss being off set by the rise in the stock price. Give this some thought b4 panic selling !
Chinese stocks could be hit badly. That includes solars.
beanieville
· 1 year ago
fed announcement
beanieville
· 1 year ago
$200 billion "term securities lending facility"
Sean21
· 1 year ago
Now we have to ask ourselves if it's for real or just a temporary gap...Feels like it could be real this time...
beanieville
· 1 year ago
They should offer $1 trillion, the cost of iraq, and we get ready for the bull market. lol
Sean21
· 1 year ago
Even that wouldn't help us if the stupid banks don't use the money to lend...Kind of defeats the whole purpose....I think the Govt should get in retail lending game...good way to offset the national debt...lol
beanieville
· 1 year ago
i guess we should have went for the Overnite daytrades... lol
beanieville
· 1 year ago
We need to fade this gap sometime this morning.
beanieville
· 1 year ago
but we are so oversold that i think you should wait a little longer or be quick with profit taking.
beanieville
· 1 year ago
i' m fading SPWR here 61
beanieville
· 1 year ago
If you faded, and not profitable yet, just let the stock do its thing and let it establish a 30 minute high --> that will be your stoploss
beanieville
· 1 year ago
The market should reverse soon... this reaction needs to be digested.
beanieville
· 1 year ago
and you will feel the euphoria of being on the top of the world for being brave enough to fade the easy money morning gaps.
beanieville
· 1 year ago
if the market doesn't fade and keeps on going, know that it's a very rare event.
beanieville
· 1 year ago
let it fade. let SPWR go lower before covering
Sean21
· 1 year ago
FSLR needs to get away from the 185 mark then it will turn down
beanieville
· 1 year ago
SPWR should see at least 58
beanieville
· 1 year ago
let it fade
beanieville
· 1 year ago
SPWR come to papa at 58
lisa
· 1 year ago
lol
beanieville
· 1 year ago
tada! i'm gonna cover half on SPWR now
fortune8
· 1 year ago
I have to applaud you for that one.
beanieville
· 1 year ago
i no longer own SPWR shorts, but you can hold till longer.
beanieville
· 1 year ago
That is a $3.25 profit on SPWR for 7 minutes of work!!!!!!!!!!!!!!!!!!!!!!!!!!!
It's why you need to learn how to fade the morning gaps!!!!
crocodile
· 1 year ago
Indepth calls like that are nice....wish you could do one of those a morning !!!!!
beanieville
· 1 year ago
i have other trades to make and my portfolio to watch and many other little stuff...but i'll try to give one every morning. :)
crocodile
· 1 year ago
What do you think about buying SPWR long right here ?????
beanieville
· 1 year ago
it could work, if you're only daytrading it, just set a stoploss at the lod
meme111
· 1 year ago
Nice trade, but didn't you short at 61 and out at about 58.50? Still better than when you say buy buy buy at 71$
beanieville
· 1 year ago
How can idiot organizations like the Carlye Group even think about going leverage 30-1? A bunch of high income imbeciles. 30-1 leverage is asking to take it up the arse.
beanieville
· 1 year ago
SPWR is a good long term investment at these levels
beanieville
· 1 year ago
I'm not really sure why people are dumping their STP. It's just so cheap and such a powerhouse of a company.
beanieville
· 1 year ago
just be careful buying anything today...there's still a chance we go red into the close, like last time. We haven't retested the lows yet on the Dow.
beanieville
· 1 year ago
the market is up so much already today, how much higher can it go? If you like to own some for the longer term, why not wait till tomorrow?
beanieville
· 1 year ago
SPWR looks like a daytrading short here above 60
Sean21
· 1 year ago
I've shorted STP 2x at 29.99 and covered both times in the 29.80's....
beanieville
· 1 year ago
i think you can keep the short into the close, by setting a stoploss at slightly above the highofday. I think the market will fade lower later.
beanieville
· 1 year ago
Chinese companies get picked on in America, as though there is something "too short" about them.. lol
beanieville
· 1 year ago
looks like we go skydiving now?
Sean21
· 1 year ago
bt dxd here for a lunchtime dip
Sean21
· 1 year ago
gonna hold DXD until close with a stop loss...it looks really good....Even if I get stopped out it will have been a good trade....GL
beanieville
· 1 year ago
short away.
anything with their heads up, chop chop
beanieville
· 1 year ago
actually, you're safer if you wait for SPY below 129.4
beanieville
· 1 year ago
We are near a 2 point profit on SPWR already, on the second short play. Quick profits or potential bigger profits, your pick.
I'll be right back.
beanieville
· 1 year ago
This may be it...the bears are gonna take control soon.
beanieville
· 1 year ago
FCX is a good daytrading and swingtrading short 97.8
beanieville
· 1 year ago
Are you strapped on your parachutes yet?
beanieville
· 1 year ago
SPWR near a $2.50 profit now...but could still be more.
not bad, but it took only less than 7 minutes to make this much this morning. :)
beanieville
· 1 year ago
Don't get too overly short though. We are still very oversold and the bulls could pull it off this afternoon.
beanieville
· 1 year ago
GOOG is a short here at 429.8 for a day or swing trade. Stop loss at 432.6
beanieville
· 1 year ago
FCX is still a good short at 97.7 area
beanieville
· 1 year ago
i'm startin to wonder if this is the bottom retest and pass
beanieville
· 1 year ago
STP formed the corkscrew today..It just needs to get above 30 and stay above.
STP is an overnite daytrading buy if it can close above 30.
beanieville
· 1 year ago
This stock may also have bottomed today. Just about all the bad news is already out.
meme111
· 1 year ago
I sure hope that is it for a while with stp bad news. By the way I have been enjoying waxies site like you suggested.
beanieville
· 1 year ago
FSLR is an overnite daytrading short here at 190
beanieville
· 1 year ago
oh shit! let me cross that out!
beanieville
· 1 year ago
FSLR is an overnite daytrading buy buy buy
beanieville
· 1 year ago
i forgot to read the 30 minutes chart , and after doing it, i looks like another big gapper like RIMM that screw us last time.
beanieville
· 1 year ago
ok, that's it.
STP & FSLR are overnite longs. Let FSLR pull back if you need to, but it is an overnite daytrading long.
Docqb
· 1 year ago
yup, been long since lunch
beanieville
· 1 year ago
yeah, it was a long when it broke the hod from this morning, around 187.20. That was a trade i missed.
beanieville
· 1 year ago
FSLR should pull back the last hour,but go long for overnite
beanieville
· 1 year ago
If you're new to this blog, buy STP!!!!
beanieville
· 1 year ago
go long solars! They are more oversold than fruitcakes.
beanieville
· 1 year ago
LDK is a good buy too. Ready to rumble tomorrow.
beanieville
· 1 year ago
The fed saved the bulls big time, again.
beanieville
· 1 year ago
Look at how strongly JASO bounced back
beanieville
· 1 year ago
have a great day!!!!!
beanieville
· 1 year ago
we made out big on FSLR. Since it was for a daytrade (overnite or not) i took profitsl
try to get more on any pullback
Jaso--i'm getting out taking a 15% loss
TV - I'm picking up the WLP apr 50 calls 1.50---
WLP price is al the way back to 2004 prices, just about
TV ---back the truck in on HUM because the 61.8% fib is 44.50
just let it run the course
you scare me when you pump solars
zee
He's going to lay down the law---
Hopefully Saudi's will increase output
and USO goes down
zee
great buy into close imo
8 cents off low
o well..im holding til i get 8 or so percent on this trade
don't have the link since I am at work with slow POS puter.
that's just my luck I guess.
but I see what you are saying
makes perfect sense.
just moved 37,800 shares
http://messages.finance.yahoo.com/Stocks_%28A_t...
let me understand this..im new sorry. so if the stock i pick is up in pre market and i short it after it reaches a certain high ... it should fade itself is that right? what's the exit strategy if things go wrong? im making this seem complicated.
yes!!!!
made up for yesterdays losses and more!!!
congrats to those who triumph the market today.
I seem to be confused with fading the gap and your overnite daytrades because you talk about them alot. Do they emplore the same strategy? Thanks.
The overnite trades advantage is that it's less work for you. You buy or short and afterhours or the next morning you get a profit (if that is the case).
I just too scared to short but if I was not scared, then I would have made money.
Pick your favorite stocks. How many are holding the bag and waiting to sell when you break even?
( frankfurt pre-market, overnight )
In my 22's range--just like I said--( 22's is a buy)
Dow futures are up 47--
so that should help the market try to finish positive by end of day---
zee
USO falling should also help the market---
USO is usually down Tues. ahead a bear Wed inventory report--
thank god, looks look we will get a decent gap up
maybe we'll get at least a nice 15 pt spx gain today
don't you know any thing other than solars, throw some bones out there.
Now you know the answer to why STP has been so weak all theese times.
Never fight the tape.
FLSR can't even hang on to gains after a huge drop and starting all over again.
I brokerage never have any shares of FLSR or DRYS to short.
Cuts all over the place.
This s day we are waiting for.. I hope it remain this kind of news for the rest of the week. .so cover BIG down GAP loss
The question s which one financial/solar goes high first ?
Anyways, your washout loss is not gone forever. It just gets pushed into a later year.
I would uses these strategies frequently if need to, and not worry too much about the washout.
Fools rally.
March 10, 2008, 5:02 pm
Update: Solar Shares Crushed On Washington Post Report On Chinese Polysilicon Company Dumping Toxic Waste
Posted by Eric Savitz
As noted earlier, the Washington Post yesterday in a front-page story provided a disturbing account about the dumping of toxic waste by Luoyang Zhonggui High-Technology Co., a manufacturer of polysilicon which serves as a supplier to SunTech (STP), China Sunergy (CSUN) and LDK Solar (LDK), and possibly others. The news is a potential black eye for an industry built on its ability to supply clean power. Whether the story will cause trouble for the industry long term is unclear; what is clear is that many stock in the sector fell sharply on Monday
You get fined , a slap on the write, and told not to do it again... Isn't that how it normally goes in business?
bought FXP @ 93.68 sold @ 95.68
bought UYG @ $28.80 sold @ $29.54
The Fed just doesn't want that DOW below 12,000. I wish they would just
stay out of our markets.
so I have a hard time understanding your Blog---
but I do read Micheal D---
zee
While short selling is an idea, an acquisition or some major news could cause a pop and put you in a disadvantaged position. as for the calls, you have the option of buying it back with the loss being off set by the rise in the stock price. Give this some thought b4 panic selling !
Somebody blizzarding China to death? lol
http://www.bloomberg.com/apps/news?pid=20601080...
Chinese stocks could be hit badly. That includes solars.
x200 shares = $650
x400 shares =$1300
x1000 shares = $3250
It's why you need to learn how to fade the morning gaps!!!!
anything with their heads up, chop chop
I'll be right back.
not bad, but it took only less than 7 minutes to make this much this morning. :)
STP is an overnite daytrading buy if it can close above 30.
STP & FSLR are overnite longs. Let FSLR pull back if you need to, but it is an overnite daytrading long.
Will hold onto STP.