1:39pm
I did it.. I bought a small bit of MJNA… who knows what Nov 2. will bring… i’m willing to get in on the hype.
12:10pm
Eur/USD is now breaking down the H&S formation i mentioned earlier…. under the 1.38 mark is incredibly important, we could have a reversal in play today… I don’t want to get short the overall SPY yet, we are still in an acending pattern, a break of $115 back down is essential for a potential reversal pattern on the SPY.
12:07pm
So far my DE short trade is doing great… I’m sure whoever took it with me is making some good money here.. Went short at $77.30, now the stop is at $75.30, currently at $3000 gain.. hopefully we caught the top on this one… and I do see more downside if i don’t get stopped out:
9:39 AM
Tze
Hello everyone. FocalEquity Alerts&Analytics has updated its trade results and returns as of the end of Q3. Please check it out.
Link: http://www.focalequity.com/service/Alerts-and-Analytics-Important-Facts.php
As of the end of Q3, some keys numbers are:
Number of Positions:114
Total Long Positions:62
Total Short Positions:52
Average Holding Period: 10 days
Number of Losses:21
Number of Profitable Trades:93
Success Rate: 81.58%
Average Percentage Return per Trade: 1.47%
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Wow, the Wall Street Journal drops a bomb on the market for QE2. Looks like we put in a top. Look out below. I will be shorting this market.
wow that’s a drastic change in mentality just based on the WSJ.
The dollar is going to explode higher because everyone thought there would be a larger QE2. Looks like they are not going to reach the expectations the market had. 1195 was the high. I expect some push/pull for the next week, but it’s only going to roll over. Get ready to go short.
Additionally, the Chinese are moving their exchange rate around again…
Any possibility of posting a link?
Hey ultra bear, it`s been a long time, welcome back. I guess you were waiting for a good time to short the markets huh?
Hi,
I am a newbie on economics and was looking to someone who can help me understand
- Who are the Fed buying treasury bonds from? Doesn’t the U.S government actually sell these bonds?
- How does it help keep the interest rates low or pump dollars into the market?
Thanks,
Shiva
the fed buys the bonds from the banks which keeps the bond yields down and then the banks pump the cash into the market…go to zero hedge website and do a search..alot of info about this topic on the site..then you can do a search on the web to get schedule pomo days..I believe they are scheduled currently through nov 7th
I remember somebody was asking for PCLN. It is heading to 380 at least.
I would say the target is 400, but it may taks a couple weeks to get there. After 400 I expect a crash
SWBB
Thanks,
The nov put that i sold the other day is doing good so far…
keep watching AMZN and BIDU. These are market leader and unless they break down market would break.
SWBB
do you guy know anybody in the world who is more poweful than me in trading? I searched but did not fine, so i thought you may know someone,
SWBB
Most humble, honest, and gracious Sam:
You really are quite ‘special’.
Without a doubt you’re a treasure to the nation where you park that struggling, lonely ego. Does your tongue often chafe from licking the windows on the short bus in your country?
May you have a thousand sons — each of whom have no internet access.
I told more tha 1000 times FSLR has to explode to upside. I guess it may does than after earning.
SWBB
HUGE HUGE break out in MOS yesterday. I am looking for a pull back to get in for continution rally later.
SWBB
Sam I just bought some calls at 69 on the former resistance. Let me know when you buy in. Also what do you make of JROD’s analysis below, fall back to test 200ma, then up to 11800? I am more of we hold support right here in a rising wedge, then top out around 1202 in the next couple days and crash. Your advice is appreciated.
I would buy around 70 as you mentioned. Very low volume in dowside which is very bullish. Lets see what will happen. I am goign to buy stocks not options though.
SWBB
If anyone has noticed, Sam is getting continually more and more bullish on his calls. What a nice contrarian indicator.
Surprising that only the Nasdaq is holding up today with a small loss. This is usually a bullish indicator.
I mentioned yesterday that the market will go down 200+ points before FED. We will retest the 200 SMA and then jump with a huge rally. I have a few shorts these week that I am not planning to hold for long (will close end of week). I am planning to load long after we retest the 200SMA. I would only short with conviction if we break the 200 weekly SMA. If that does not happen long in the trade.
I am short:
100 CRM @111.75 Stop 116(Moved). Target 105
500 GMCR@32.06 Stop 32.25 (Moved). Target 28
I am long:
1000 @12.50 Stop at 11.75
20000 MJNA @.1 no stop
Which ticker is “[blank]“?
I believe he is long 1000 AGM @ 12.50
SBX….buy now…thank me later. Nice move this AM after announcing earnings yesterday. No major resistance until around $9.71. Most importantly…the fundamentals….only 22 million outstanding shares……700 million in cash…….and a book value between $15 and $16. Yep……you’re seeing that right. Show me one other stock that has a book value of twice the share price! Buy now….thank me later.
Screener limited to 50 results, this is not rare.
KEP SP = 13.4 BV (mrq) = 29.3
DRYS SP = 4.2; BV (mrq) = 9.77
Now, SBX may be a buy, but I would consider it a counter-trend buy. The 50 < 200 SMA meaning there is a good probability you'll get jerked around on a long trade here. Keep on your toes. Actually, here she comes down on the 15 min charts now.
Wouldn’t be surprised if it ran up to near 9 before heading back down.
Thanks for you analysis! I will be holding a core position, while taking advantage of the short term momentum with a trading position.
Likewise. The $9 was simply an A=C, could turn into a 5 wave up move. TA wise, I doubt it, but in this market stranger things have happened.
Just rechecked my numbers…..$720.9 million in cash….up $81 million from one year ago. Book value has now increased to $16.38 per share. From a fundamental standpoint……this one is an absolute strong buy! The only reason the stock sold off lthe previous quarter, was because the company took preemptive measures toward an adverse claims outlook, by taking a $40 million dollar hit to bolster claims reserves. No additional reserves were added for this past quarter. I think there’s some money to be made here!
Idan….you holding Visa through earnings?
Definitely.. i have taken some off on the hit of 200SMA… but i’m still keeping the bulk.. i think it’s a great commpany that got hit due to the fact that it bubbled up too much.. I wish it can fall further so i can buy it lower again.
took my medicine on BWLD. bummer wipped out my CAKE 6% gain
Idan/Woo, what are your thoughts on SFLY?
I’m bullish for after hours earnings
Alexa shows spike for Q3
http://www.alexa.com/siteinfo/shutterfly.com#
Google Trends slightly up
http://www.google.com/trends?q=shutterfly
Options look bullish
http://www.google.com/finance/option_chain?q=NASDAQ:SFLY
SFLY only up 3-4% since July.
The only thing is P/E is high :/
Hey SFLY is trading in an ascending triangle.. I think it’s still a buy when it’s close to the ascending support but if it breaks it you can try shorting it
Thanks Idan
Anybody paid attention to these two obscure stocks?
REE (Rare Elements Resources Inc.) and MCP (MolyCorp)
Took a look at REE recently. With China trying to monopolize the rare earth elements and hoard them for their own use, rare earth shares might see some upside soon!
Yea Cottonman. I am in the same camp. I am considering buying them as part of my core holdings. REE’s recent run scares me though. I couldn’t run any meaningful analysis on them. Thus, I could not recommend this to any of the subscribers neither.
I should add that REE focuses on gold in addition the rare earth metals. MCP is much bigger though but they are sole focused on rare earth metals.
I still can’t believe that China controls 97% of the world’s rare metals. Are other countries just too lazy to develop them?
pretty sure Molycorp isnt going to have a working mine til 2015
Really? That’s interesting. I will do a bit more research. Thanks.
scratch that it isnt molycorp but REE
http://www.miningweekly.com/article/rare-earth-junior-wants-2015-output-from-wyoming-project-2010-08-20
Oh ok. I guess that 5 year later event is being priced in now haha.
Hey Idan what about a triangle in eur/$ with more upside? I don’t think its a short until 136.9 breaks.
It’s too early to define a triangle because you only have 2 tops and 1 bottom.. for a triangle to be defined you need a higher top than a lower top, and a lower bottom and then a higher bottom.. we don’t know whether or not this move lower will exceed the last low or not yet… so a triangle is still possible but it’s not what the charts are pointing to JUST YET.
Right now it still looks more like H&S.
So, does your baseline correlate with JROD’s 10,970 on DOW?
—————- TBT ——————– Anybody have any thoughts on shorting 20 year treasurie pro or con ???
If we close at this level today then I am looking for a huge crash next week.
SWBB
Look at my FSLR. I told you this is strong.
swbb
right now the market is breaking support…
if this keeps happening we could get a drop to 1168, then maybe 1160. bulls need to gain in back.
a nice hold of the trend line.
keep looking at FSLR. I told you this will go up.
SWBB
It’s definitely looking really good right now. A break of that $150 level will be amazing.
MJNA…that is hilarious…lol
idan…what is your opinion on how this election/fed announcement is going to play out….I am trying to decide betweem TLT or TBT…and what are your thoughts on the NAS..what goes up the fastest usually goes down the fastest
I’m still a buyer of yeilds at this point… but i’m not sure how the election will play out specifically on yeilds.
Jumped in at $10.40–don’t believe in dope, but see the hype (hemp?) comming. Fun to play with a liittle bit–thanks JROD.
whoops–.1040
If you paid 10.40 you got rolled. It’s a pink sheet dime stock lol.
first major resistance is at high 1177 to low 1178 at the moment.
here’s a linkable version so you can watch this instead of paint drying.
http://stockcharts.com/h-sc/ui?s=$SPX&p=60&yr=0&mn=2&dy=0&id=p84136535391&a=160222837
Anybody following me on the MJNA call? haha.
I bought about $1000 worth at $0.1037/share
Hope Sam did–he has been smoking it for a looooooooong time.
If prop 19 passes in california, wouldn’t that drop the price of medical marijuana? There would be a lot more supply. I heard that it would drop prices, but I’m not sure.
Well legal marijuana has already a price that is not far off from what market price would be once it is legalized. Remember, it is illegal marijuana that costs at premium.
Moreover, MJNA is a big company in the medical marijuana field and they have already pre-opened 3200 distribution sites in preparation for any move closer to legalizing marijuana.
Their thought is the following: if we are EVERYWHERE when marijuana is legal, then we will get all the business.
Maybe the legal marijuana price will fall too, but the market will shift from 100-200million to maybe 10 billion.
that’s true. if the demand increases enough, and they can corner the market, then there is definitely a lot more potential.
Ok here we go for yet another MIRACULOUS come back!! Fasten your seat belts! Market didn’t like the vague QE2 rumor of no 500million. TV president told his band of jerks to tell everyone the printing presses will continue to crap more phony money out to make everyone happy. ROTFLMAO
Madoff is saying to himself and they thought I had the biggest ponzi game going? His ponzi is peanuts to what the fed is running lol.
Just bought some Nov V calls…in a bullish triangle and I expect earnings to break it out to the upside this afternoon.
also has daily 200ma support
exactly…lot of support right here…don’t fail me now V.
yea I got in some V at 79.75
shitty number…gonna need support to rally the troops
if 1178 can hold for the next hour, we’ll probably see a move towards 1185.
if it doesn’t, probably 1172 again.
Tomorrow is POMO so I`m looking at dumping my Q`s puts for a small gain before the close.
Just can`t bring myself to sell here, will keep and hopefully we get a gap down tomorrow.
Am I the only one seeing an ending diagonal on 1 more push to new highs, roughly 1202? IF todays low holds this is my best bet. I don’t think at this point we’ve had enough of a test of 200ma to continue higher above that.
i just wanted everyone to know, that i am officially a starbucks green level member now. i just got the email.
Congrats
It’s go time V
I took Idan’s rec to short DE and bought Nov 75 puts @ 1.38 and sold today @ 2.40. Thanks Idan.
just rememeber that i got stopped out today at $75.10… but i still think it’s worth a short.
LVS trading higher