DISQUS

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.

    http://messages.finance.yahoo.com/Stocks_%28A_t...
  • fortune8 · 1 year ago
    short MA 196
  • dealsaddict · 1 year ago
    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?
  • Billy Bob · 1 year ago
    Is there any hope for LDK????
  • beanieville · 1 year ago
    not today
  • good ole boy · 1 year ago
  • Bo C. · 1 year ago
    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 !
  • beanieville · 1 year ago
    This is for you, Zee. Very interesting speculation about electromagnetic weaponry disrupting the weather. http://www.bariumblues.com/energy_display_%20se...

    Somebody blizzarding China to death? lol
  • beanieville · 1 year ago
    Blizzards increasing increasing inflation in China:
    http://www.bloomberg.com/apps/news?pid=20601080...

    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!!!!!!!!!!!!!!!!!!!!!!!!!!!

    x200 shares = $650
    x400 shares =$1300
    x1000 shares = $3250

    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

    Will hold onto STP.