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you'll be happy, bought some MON...
I want MOO go to down - LOL
It's z-stock and f8 bickering :)
Reversal is imminent! TGIF.
Look at middle America, record foreclosers and getting worse . Not paying bills so you can put the money into grocerys or the gas tank. Forget New York,DC, and LA. Its happening now and going to get alot and I mean alot worse.
How many companies are letting go thousands on thousands of jobs?
What will that do to the unemployment?
and, yes, this is all first-hand. watched it from up close at my FORMER employer.
2 hours to go and leaders (SIGM,DRYS,FSLR,STP) are still leading.
ag continues to get hit as suspected and still holding out on MOO
PBW is negative.
I did not see JASO hit 54+, now that is bad. beanie and I had this sucker shorted just 2-3 days ago.
I am looking at AAPL again and see if I can get some at 160+
No bottom - only support and broken support.
SPX support is at 1325/1220.
Believe it !!!
cold
VMware UPDATE: Raymond James Initiates VMW with Market Perform - wire headline
- Says Package should be big enough to affect economy, feels it should represent 1% of GDP, be temporary, and take effect immediately, should not include any tax increases
- Package must include incentives for business, including small business
- Notes there is enough support in Congress to pass the package
Dems will hate that -- they love to tax everything. That will force a stall, even if the package goes through - there'll be plenty of resistance. And the Republicans probably don't want this market smelling up the whole year . . . so what do they care if the market drops a little. It'll find the bottom that much faster.
"In a concession that could help speed the process of implementing a stimulus plans, the White House said it would separate its campaign to make Bush's 2001 and 2003 tax cuts permanent from the stimulus negotiations.
Ê Those talks still face some obstacles with Democrats pushing for increased spending on food stamps and unemployment insurance benefits.
Ê White House spokesman Tony Fratto said the administration and lawmakers aren't far apart on the stimulus.
House Speaker Nancy Pelosi, D-Calif., told CNBC Thursday that a deal could be done in around 30 days. Ê "That would be my outside limit, because, again, every day around the kitchen table people are feeling this hardship," Pelosi said.
go PBW !!!
All I am looking for is a fast ramp up.
This market may continue to run but with a 3 day market closing is a little risky.
I am done for the day.
The trend is your friend !!
That is not a good sign.
Even DRYS has more volume.
Instead it made a new daily low and languishing.
Who is winning that latte?
A 20% decline is not a correction. It is a beginning of a bear market.
Jan. 17 (Bloomberg) -- Small U.S. companies dropped, sending the Russell 2000 Index to its first bear market decline of 20 percent since 2002, after falling home construction and manufacturing reinforced expectations the economy will contract.
Who owns the other 10?
Don't play this unless you have the intention of losing that money,
Hanging near the days's high.
Exactly one hour after the market open.
The first hour was amateur hour - so that doesn't count.
http://seekingalpha.com/article/60654-the-long-...
I am on margin with a bunch of longs today!! We need to rally.. so damn pissed!! We gap up with futures and we barely move!!!!
Tim knight and beanie both bullish and winance too!! Why aren't we going higher!!
WFR Jan 24 after market close .96
SPWR Jan 24 time not supplied .36
ESLR Jan 30 after market close -.04
CSIQ Mar 5 before market opens .18
HOKU Jan 22 after market close -.10
BTUI Feb 26 at 4:30 .09
all i could find for now probably other companies have not announced yet
I just look at my disqus profile and realized that someone spent some time to ding all my points here at beanie.
I hardly watch Cramer's Mad Money however tonite I did and I strongly urge all to watch or go online and watch. The issue with the mkt currently (since most of us have been puzzled about all of the technical violations we have been seeing) is that all of the major players know that the all of the mortgage insurers have written policies in significant excess of their exposure to the tune of approximately 500 BILLION !! As you have seen with mortgage companies quickly becoming bankrupt (e.g CFC) this could happen overnite to the insurers. Wallstreet knows this.. I give Cramer credit for being gutsy (and nutty) enough to expose this on his show tonite.... He additionally challenged the current administration to do something with Bernanke in that he (Bernanke) has no clue.... I agree. If these insurers begin to run out of money, which could happen overnite, we will see a 2000 point correction overnite !!!! With all due respect to the members of the room, whom I respect.... I have bought and sold numerous companies and worked in venture capital on wall street years ago.. this is a time to be extremely cautious... What can we do ? Write, call your congressperson.... I am..... The Fed is on a serious disconnect.... We need a 100 pt basis cut currently, but to do so, in my opinion... would erode confidence and prompt economic hysteria.... I hope this information helps everyone in the room in making prudent financial decisions...... success to all..
I had one of my best weeks this week. I did short the MON today but barely was up due to my audacity in trying some long scalps. I keep tight stops though due to my share purchases.and have to sell before EOD as I don't hold anything overnight right now. Later.
Rambo
to get you to throw your hat in the ring.You seem to be
logical and level-headed.Those clinics of yours can
run without you for 4 yrs can't they ?
Mike called me a loser and guaranteed you that the market would be up 300 points.
Truthfully, where has the market gone since that day?
If you can trade and make money, then trade. If you cannot trade and make money, then isn't good to have some cash so that you can buy stuff at a lower price?
I'm still writing in Beanie..... "Beanie for Prez !!" what a slogan.....
I'm still holding 300 CME @ 544 % 300 FSLR @ 170.30.
Would you hold over the weekend?
There are other fear measures besides $vix. Case in point:
there is 1 new high today in the nyse. and a whopping 4 in the nasdaq. I have never seen these numbers this low ever. Throw in crazy high CPC and TRIN ma's, and super-high new lows.
Oh and 5 out of 6 nasdaq stocks are below their 200 MA; 4 out of 5 in the NYSE. Seems there are sufficient markers to indicate fear.
Puuuleease.
VIX just happens to be my favorite indicator.
So far VIX has not made a top.
How many incorrect attempts have there been in calling the market bottom?
Eventually someone will get it right because the probably that everyone is 100% wrong is 0%.
Actually, the above is not an accurate statement because 100% can also be wrong.
SIGM I sold early...but hey profit is profit...
Buy SYNA....Good level..only small position in Mid 30's
F8 still holding SIGM and SYNA? SIGM is awesome..SYNA holding good
WYNN is certainly defying logic here.. but then again, i've seen a few floor traders levitate in my time.... but usually not for long..
I told you Chinese ---a little crooked—but no fancy’s fool—
--i didn't trade all of them---
cause i can't physically keep track of that many----
what's your streak at?
You want me to post winners or get into a shouting match with F8---
It’s your pleasure---
Pick one
zee
zee
so 14% correction is the correct number----as per thomson eps estimates for the SPY---2008---+ 12,000 support on the DIA---
zee
my stop on WYNN would be the high of day at 101.44 , but i could set it lower or take profits at anytime i feel it's intraday oversold.
Microsoft Expected To Post Strong 2Q Net >MSFTLast update: 1/18/2008 7:21:33 AM
By John Letzing
Microsoft Corp. (MSFT) is expected to post significant profit and sales gains when it reports fiscal second-quarter results Jan.24. Analysts, on average, expect Microsoft to report earnings of 46 cents a share, on $15.9 billion in revenue for the period ended in December. When Microsoft reported its first-quarter results in October, Chief Financial Officer Chris Liddell announced that the company was "slightly ahead of where we want to be." At that time, Microsoft raised its full-year guidance for profit and sales.
Stock Idea Generation: TNDM, RZ -Update : Here is a quick summary of stock profiles we published since yesterday's close (Hint: Enter the co's ticker or PROFX in the Ticker Search box for the full version of these profiles and for an archive of older profiles)... Neutral Tandem (TNDM): This is a recent IPO on few radar screens, it announced important customer win this week and it has first-mover advantage among its competitors. Also, we like that the stock has held up in a weak market and it has a tiny float (6 mln shares)... Raser Technologies (RZ): The co announced a deal today with Merrill Lynch on a 155MW geothermal development financing program. Raser is an interesting name that few investors know about. Geothermal is not as well known, but it's an emerging alternative energy technology with a lot of potential.
17-Jan-08 11:08 ET In Play Neutral Tandem (TNDM): recent IPO on few radar screens, announced important customer win; has first-mover advantage (20.41 +0.06) : Neutral Tandem (TNDM) is a small cap telecom equipment maker that made an important announcement this week that pretty much went unnoticed: it signed Verizon Wireless as a customer. For some background, the co provides tandem interconnection services for telecom providers. Historically, the primary method for carriers to exchange traffic with other carriers was using incumbent local exchange carriers', or ILECs, tandem switches as required by the Telecom Act of 1996. TNDM allows carriers to bypass an ILEC tandem. Prior to the introduction of TNDM's services, competitive carriers had two alternatives for exchanging traffic between their networks: 1) interconnecting to the ILEC tandems (which is expensive and increasingly difficult to manage as data rates increase and competitors are using the same tandems) or 2) directly connecting individual switches, known as "direct connects" (but this requires high captial and operating costs making them uneconomical for all but the highest traffic carriers). To solve this, TNDM launched its service in Feb 2004 to allow competitive carriers to exchange traffic between their networks without using an ILEC tandem or establishing direct connections. Each competitive carrier that connects to TNDM's network gains access to all other competitive carriers' switches connected to its network. TNDM charges a per-minute rate, operates in 47 markets and carries 3.4 bln minutes of traffic per month. Unlike the ILECs, TNDM is a neutral (hence the name), third party tandem service provider and does not directly compete with its customers... Bottom Line: TNDM has first-mover advantage in all of its metro markets and has built significant scale. Unlike many telecom equipment IPO's (TNDM priced at $14 on Nov 2), Neutral Tandem is already profitable and is growing strongly as Q3 revenue rose 65% yr/yr to $22.6 mln with impressive Adjusted EBITDA margin of 32%. The Telecom Act of 1996 requires that ILECs provide access to their networks. Carriers usually accommodate, and often they become Tandem customers but sometimes carriers resist. Verizon Wireless had been refusing to allow TNDM to interconnect with it, but this week the two cos announced a settlement and Verizon Wireless is now a customer of TNDM, an important win. TNDM announced this in an 8-K not a press release, so we think few people know about the news, or about this company generally. Also, we like that the stock has held up in a weak market and it has a tiny float (6 mln shares). Mkt cap $620 mln, avg vol 211k.
The wkly 200ma is the bulls last stand and apparently they're gonna take it. Theoretically the reversal off this bear exhaustion signal will be able to take us to new highs.
we shall see.......first we bounce, then we diverge, and then we reverse trend. Of course there is the question of will a bottom stick but I'm thinking it probably will. fwiw - 2850 per the system is not viewed as THE TOP of the BULL. If that holds then so will this coming bottom.
So if I haven't sold yet, now is not the time.........I'd wait for the bottom, then wait for the upside acid test that is sure to take place about 2600. If the bears failed at that point to derail the bulls, then your good to go. I suppose yesterday's telling signal shouldn't be too much of a surprise regardless of the outcome. Afterall, we are still in a BULL market till we're not anymore........lol
Personally, I'll keep my bear suit on till we diverge below yesterday's low but you can bet once we do I switch from bear to bull on this market. See my diatribe in yesterday's thread with solar fun
Everyone the fed is your savior. Bush will save us. Listen to them and buy!! The worst is over.
Joined you on CME. You have a target in mind?
Thanks in advance.
Steve
Thanks
Steve
good luck
If this rally is powerful, this stock should double and close over 100 in a matter weeks.
Obviously I am speaking favourably of this stock because I am still holding it, as I have strong convictions that my trade will succeed.
lol
(i don't have out of money calls and i won't buy today , but the NYX news could drive the sector alot higher today)
Question was if anyone was up in such a bad market.
On my current portfolio I am down quite heavily (as I trade options), however I must be happy that I am still up on a monthly basis
The reason is that when you make a good trade, you reward yourself by taking half of your profits out of the market.
Even if I dont need the money I withdraw the money and save them or spend them, this way you are protected from the market and when a wave bigger than you comes over, it cannot take your profits as they are locked in safely.
shortsqueeze..What are the best stocks right now with highest percentage of shorts? low float is better
Bought BIDU at $258..will sell at $270
I am not buying PBW calls..can't trust solars until they rise consecuutively for 2 days
This is Z's 100% no brainer and I want to see how it turns out.
I did my homework last night. There are some possibilities and better odds than the lottery.
Dr Nova how is your margin doing? lol
longs are in teh drain...oh man solars are touching day lows again
we are going down 200 again today
You saw my short on JASO right?
And my buy on AAPL?
How about DRYS up 25% today?
I am about to pick up some more AAPL here as well.
Not trading much in this market.
A trade is not a trade until it is traded - f8
If you want a list of stock, then I can definitely throw those out there.
zee
Why are you going to be like that?
And why are you so upset?
We normally on most things but we don't always have to agree on everything.
I am just reporting the news out there.
A 20% decline is not a correction. It is a beginning of a bear market.
Jan. 17 (Bloomberg) -- Small U.S. companies dropped, sending the Russell 2000 Index to its first bear market decline of 20 percent since 2002, after falling home construction and manufacturing reinforced expectations the economy will contract.
I have reported that Russell 2000 is in a bear market.
A 20% decline in the index means a beginning of a bear market and not a correction.
It could be a correction or it could be a bear market. But if you don't bounce, then it is not a correction but a bear market.
Seriously, do you want the indexes to fall that much?
I would not wish for a 20% drop. Only a 10% get it over it and head on up.
Once the market deteriorates so bad, it is hard to recover.
All you need to do is look at the NASDAQ and see it has not recovered since 2000.
prob go down to 11900
its just awful out there
from our high at 14100. And if everybody gets real
bullish at that level and the put/call ratios are low,
they'll take another 5% off so fast you won't believe
it.
SOLARS Are gone..get out of them or you are going to lost all of your gains
i guess we go lower
unreal
so far so fast and the shorts are still greedy
guess ill buy the close again
took some profits on ADS in case deal doesnt go thru
Here's Fortune magazine's response:
"such a freeze would be disastrous. Interest rates on new mortgages would skyrocket - perhaps past 8 percent, as the mutual funds, pension funds and other investors who typically provide capital to the mortgage market shift their money into other investments where the government isn't impairing returns. With higher mortgage rates eroding buying power, the downward pressure on home prices would only increase. Lower home prices would lead to even more defaults, as more folks who'd lost the equity in their homes choose to walk away from their mortgages."
http://money.cnn.com/2008/01/16/commentary/birg...
Oh, that's right. She played cattle futures, and turned $1,000 into $100,00 back in the day. My bad . . . LOL
Buffett threw his hat in the ring and got
elected...straight up. I know he's old,but
we could probably squeeze 4 yrz out of him.
He's too smart to run though.Got a lot
more power than the Prez too !
SPX support is at 1325/1220.
Believe it !!!
And look at where we closed today after breaking below it.
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%.
http://bespokeinvest.typepad.com/bespoke/2008/0...
You don't want a 20% correction.
read my post wayyyy down below.
my comment was based on the day's action - up big off huge futures, then dwindles leading up to W's stimulus pep talk, and then starts dropping, and can't seem to establish any sort of "footing". we'll see. after yesterday, i thought there would be a huge rally today with bargain hunters and short covering, but so far, those people don't outnumber the sellers and the shorts aren't covering.
Z ...PBW will be tossed.. FSLR and SPWR are going to down...
solar sale pretty soon...
Looking for entries at
CSIQ 14-15
SPWR 58-62
FSLR 128-135
GEX 39-40
Switching side to Long is not helping