-
Website
http://www.beanieville.blogspot.com/ -
Original page
http://beanieville.blogspot.com/2008/01/we-closed-negatively-8-consecutive-days.html -
Subscribe
All Comments -
Community
-
-
Top Commenters
-
Popular Threads
Beanie - allow me to link my blog just to show that i correctly called 1380.
http://scibbytrading.blogspot.com/
The market did just that, went to 1380 and huge rally afterwards...
Good luck longs. Here is a repost for ideas.
If my caling the bottom is right the next huge industry is going to be :
Medical Systems - Equipment and these are the stocks:
IRIS CMED BABY VAR EICU HOLX MR ISRG CYNO OMCL KCI VMSI IDXX ILMN
look at the cup and handles in IRIS and recent breakouts at 52 week highs in CMED.
Leaders going to be CMED / BABY / VAR / IRIS not in any specific orders.
Sorry guys, solars broke below 50 day, the new bull will bring them back close to their recent highs but they will make lower highs, lower lows.
-----
Beanie, I just received a copy of rule the freakin markets which I am going to start reading tonight. Thank you for the recommendation on your website.
Cheers and good luck to all.
I still think CSIQ will make new highs from here, but you called this. Great job you nailed it...
I think Beanie mentioned a buy point on N earlier, I am not in the room all the time so you may want to pay close attention to Beanies comments...... if you have trouble sorting through everything, just click on his name and profile and start reading... hope that helps
[VMW] Today 07:08am
VMware Lazard Initiates VMW with Buy, price target: $100
[LDK] Today 06:16am
LDK Solar Co LTD ADR CIBC Raised LDK to Sector Performer from Sector Underperformer
All good stocks fill the gap.
Put in GTC order for 8.50 if you really want it.
Look at the chart EOD
fortune8" "The same thing we do every day, scibby — Try to take over the market."
He stuck to his conviction and was finally rewarded !!!
what contribution you made here..
seems like ya got a lil extra following there. lol
FSLR goes higher tomorrow (I miscalculated that one yesterday -- stronger than I thought. It's poised to do what Apple did today). I see Z talking about AA. It's definitely closing higher tomorrow.
There are a few solars still looking weak to me. If you're overnight trading CSIQ, it could jump high and close in the red -- so I wouldn't wait for the end of the day on it .
From a brief glance, STP, TSL, YGE are the next three strongest (for tomorrow). AKNS, ASTI, AXTI, CSUN, ESLR, SOLF and SPWR look like they're in for a sizeable bounce, as well, and they should all behave similarly. The others will most likely be smaller gains.
Bear Stearns Cos., Merrill Lynch & Co. and American Express Co. led an advance among financial shares in the Standard & Poor's 500 Index. Hewlett-Packard Co., the biggest personal computer maker, helped push technology shares higher for the first time in seven days. Gilead Sciences Inc. and Pfizer Inc. rallied after Goldman Sachs Group Inc. analysts said earnings at drugmakers will continue to rise even as the economy slows.
what do you guys think?
...unless the Fed doesnt come rescue us
Deal ...or No Deal ?
thanks for the heads up news on Doug
Me no buy nothing today.
BUY AAPL below 170.
How's that?
Period # days % lost
1/19/84 - 2/9/84 16 -12.4%
6/26/74 - 7/10/74 10 -12.0%
7/16/75 - 7/29/75 10 -6.0%
5/16/84 - 5/30/84 10 -6.8%
8/3/82 - 8/13/82 9 -4.9%
source: http://paul.kedrosky.com/archives/2008/01/09/na...
back to 2000 and you'll see why. Lots of profitable
index and equity put trades still to be had on a move
like that. The Indu,trannies,russell,sox,s&p,oex,etc
etc have all moved into a dangerous area for being
real bullish here.If we get another 5 or 7 hundred pt
move down,probably even the solars take some more
significant losses....don't you think Beanie ? We'll see.
i'm about 20% cash, and my left hand wants to sell half of my profitable longs and my right hand wants to double down on my losses (vmw, rimm, nyx)...
The forecasts are based an average of three benchmark oil prices: Dubai, Brent and West Texas Intermediate.
"On the demand side, what you are seeing is that the high oil prices start having an impact, in the sense that it slows down demand for oil," Timmer said. "You see that in high income countries, there's actually no growth any more in oil demand."
"I have friends who are very close to the Administration.
I have friends who are very close to members of the Fed and they say that the Fed will ease momentarily"
"think" it's over...and now they even have a lot of bears
thinking it's over everyday. That is a recipe for a lot
more downside to come. And right now I don't think
Bernanke will do a "surprise" rate cut and will let
the market work this out on it's own. He'll cut 50 basis
pts on the scheduled rate cut meeting...but the market
has already priced that in. And lets face it, WALLSTREET
does care who's in the WhiteHouse.
puts. Go Feb or March if you take a crack at it. the
potential for a 30 or 40 pt additional haircut is real
high if we even drop another 3 or 4 hundred pts.
Huge pay-off potential.
MON/MOS finally fell
mbi and cfc are essentially zero
where the hell is our 4-5% market rally
geez
on corrections.The correction of 2000/01 was a
40% correction. 11700 to 7400.there were a lot
of rally days in there too. Fooled folks everyday.
Some folks made a ton of money on that decline.
One man's trash is another man's treasure.Stay
open minded and flexible.
where is the PPT when we need them
my account is down to 117k from 210, I can't afford much more pain...
Technical breakdown almost everywhere.
LOL
Just don't know what to trade any more. Must be losing my touch.
One day you will look back and see how cheap stocks were today
But in the mean time, there is a lot of pain out there - me too !!!
lets go market.....lets start making that run back to SPy 145
LOOK AT THE SIZE ON GRMN ON BATS AT 73.50
please don't short BSC, i am long that :)
made lots of $$$ on abk and MBI
buy the open folks!
drys!!!! maybe rimm...maybe grmn (got downgraded may fall to 76 at open)
I se it is very attractive here...beanie needs to call this again...
Bears beware. The New Deal of 2008 is in the works. The US Treasury is about to shower households with rebate cheques to head off a full-blown slump, and save the Bush presidency. On Friday, Mr Bush convened the so-called Plunge Protection Team for its first known meeting in the Oval Office. The black arts unit - officially the President's Working Group on Financial Markets - was created after the 1987 crash.
http://www.telegraph.co.uk/money/main.jhtml?xml...
Marks & spencer retail stores is down 17% in europe and other stores too due to slow sales !!!. says consumer spending has slowed.
http://www.marketwatch.com/news/story/story.asp...
What is the best ETF to short for us here ?
Thanks in Advance.
Today was supposed to be our first green, but being that there's no shadow under the Nasdaq from yesterday, it may drop a bit more before climbing back up today. I can't see tomorrow yet, but will update here after the close.
This is a bad place to be, so if it goes green, don't get too excited, and jump back in. You won't miss a "bounce." If anything, we'll wash around this level for a couple of days before trying to climb out, or taking new dips. Today could just be the Bear taking a breather. Reality is what's important here, so keep your predictions on a very short leash. We'll keep you posted.
As much as I have have traded APPL the last few days, I am bummed that I missed out on AAPL today.
TRAILING STOP !!!
TRAILING STOP !!!
TRAILING STOP !!!
When this market run and you have profit, don't forget.
zee
N - if you didn't know when to get back in, the break above the high of day from this morning is one possible reentry.
AKNS - someone asked me if i have this, yes i do as posted earlier, in the low 10.
The market closed green in a big way! That's our bottom (at least for the short term).
Tonite's post is about JASO, same stuff you heard already. I own it and i like it.
See ya tonite
I got a conspiracy theory for ya.......
Nice job on the prediction !!!
You finally got your day of fame.
Here is one that you missed --
01/07/2008 07:13 PM with 3 points
ski,
I think STP can close below 70 by options expiration. As a matter of fact, put in 25% BUY STP @ 66
http://fade-me.disqus.com/2008jan08/#comment-64794
u might like some strangels there
I learned my lesson--
I'll never do a strangle unless I've followed the company 5 years minimum--
N 29.62, looks like reversal ? still wait for bottom ?
lol now ur famous........ need an agent ?
I don’t trust those swiss---
zee
This will be my next recommendation soon.
qqqq was 52.6 (-11%)= 46.8---so not at 12% yet as per your numerological numbers
Any word on N ? buy here at 28 ?
zee
I'm in. Hey great play
drnova
JASO going nuts, i luv it.......
zee
i better just stick with companies I've been following a long time ---like APOL---APOL is kicking down the house---
zee
ok where do you see VMW going? 80 is resistance today?
zee
zee
UNP must be a buy---because this is a historical buy signal---so might as well get IYT too---
zee
Buying IWM---
Medical Systems - Equipment and these are the stocks:
IRIS CMED BABY VAR EICU HOLX MR ISRG CYNO OMCL KCI VMSI IDXX ILMN
look at the cup and handles and recent breakouts at 52 week highs.
Leaders going to be CMED / BABY / VAR / IRIS not in any specific orders.
Sorry guys, solars broke below 50 day, the new bull will bring them back close to their recent highs but they will make lower highs, lower lows.
zee
I really am grasping at straws---Where's GOSU?---
I HAVE CHANGED MY STANCE TO NEUTRAL ON SOLARS AND BULLISH AGAIN IN GENERAL.
LONG IN MELI (VERY STRONG - WILL SEE 90s) AND LOOKING FORWARD TO ADD ANOTHER PICK SOON.
scibby and I should not agree
LOL
ya sound like an old SOES bandit......
whoever was asking about water stocks a couple days ago,
I think CGW etf is usually a good buy around 24.60 for a swing back to 25.50 / 26.00 in a few days...
Don't know how much validity my theory holds, but come on. We are at record lows for PE levels and everything keeps going down. It can't stand forever, there are plenty of stocks completely unaffected by the mess in the US. Concentrate on those stocks they will skyrocket when the market comes back.
I have been dead wrong lately and neglected to sell SOLF in the upper 30s. Scibby pointed out that anyone still holding up there was just greedy and it was true.
It's all about learning...I've gotten killed the past week or so but its nice to learn some lessons.
Patience is key, never rush into anything. This is a problem I have and have solved at times to much success, but not lately. I bought too many stocks lately near their highs. I will only buy on pullbacks from now on, unless it is brand new news and I have significant reason to believe the stock is worth MUCH more.
if you really want to win big learn how to interpret the market (S&P / NASDAQ) and that is the first utmost important thing to do.
secondly learn to control your emotions, you only pull the trigger when the time is right on the market... remember this 80% of the stocks follow the market.
Read books of Livermore and one they you will get it right, it took me 8 years of mistakes to learn to do it right.
Remember this... JOE PUBLIC is winning most of the times on an uptrend, but when a downtrend comes, he doesnt know the right time to sell and get out and he loses all his profits + capital.
SPWR 100 day = 102—
WFR looks like a buy now at the 100d=69.0 buy the feb60c=13.0
Downside WFR , decides to test 200 day = 65—doubtful--
re: FSLR = buy @ $200 or wait out this correction?
just picked some SPWR up also
i bought a 1/3 position just now at 66
are you still holding short position in ISRG?
is the $200 area a good place to pick up shares?
im thinkin at least 6 mos of downside bias until we put in an intermediate term bottom
What is ur tagget on 'N' . Seems strong today
Pls post when ever you get out of it.
thanks inadvance
good luck everyone
Looks like a trap to me.
that should help washout the market.
but will probably not be buying anything until we close in the green.
~KR
open at low and close at high..
I bought some jan 100 options what are the options do i have today?
should i sell them before the conf call at 10 or wait for few days?
ok folks, here's the deal. I looked at my own post and it appears like i am turning doom and gloom. That probably means that we are near a bottom. It has happened before. The august low on the QQQQ is 2400. When it gets anything near there, i will back up the truck , no margin though, and see what happens. There should be a bounce there. After that, i'll see what happens.
short term--
$RUT / IWM still has an outside chance of testing 685---
It's nearly impossible for iwm to go below 68.5, this cycle---
zee
What do you guys think about AKNS today?
what's your thoughts on LDK this morning
it got an upgrade to sector perform & it's up almost 5% in PM
good one to short as well?
http://biz.yahoo.com/prnews/080109/aqw008b.html...
What's this news about AKNS? any significance to this? I sold on break even today..
Akeena Solar Files Updated Registration for Previously Issued Shares 3 minutes ago
http://biz.yahoo.com/bw/080109/20080109006207.h...