9:20am
Holding on to some GOOG here.. almost got stopped at yesterday but my stop is at $597, with a new entry at $599.5.. i’m hoping the small push higher will help me put a stop that is profitable and trail it up 
Intraday Commentary ~ 12/29/2010
– December 29, 2010Posted in: Intraday Commentary, Stock and ETF Models
The end of the year is approaching. Is everyone gone? If you are here, go to http://www.spoofee.com for the deals!
No significant news today (nothing scheduled anyways).
Current
- Shorted SLV at $29.6, following Tse’s move yesterday
- Short EWY because of strong trendline above and fear of Korea issue getting worse
- Long CSCO as usual. Plan to ride it up to $22
- Long GOOG, followed Idan. Stops at $597
- Long CHA
Plan
- Buying TMV on any drop (Sold most for profit yesterday)
- Buying BIDU at around $95-96
- Possibly buy UCO or GLD because people are fearing inflation and might move their portfolio to them for the new year.
That Whitney girl that apparently called the crash is also saying banks/bonds are bad, but V and MA is actually looking good. Meh.. not sure.
Mid last week there was a report that one of the big (smart money) guys at PIMCO (bill Gross I believe) bought a several million dollars of calif munis for a personal investment. I’d be quite surprised if he loses (big) on this bet, and IMO IF Calif munis are safe from default this MAY be time to buy when there is blood in the streets.
That being said, we are advising our trust fund baby buy and hold clients to lighten up on bonds unless they won’t need the $ for 18 months or so.
Thanks Robert,
This is one of the few times Schiff (bearish), Whitney, and Cramer (bullish) said the same thing. Stay away from bonds for the next year.
PIMCO Bill Grosse statement sounds like he’s bullish on bonds for emerging markets but saying risky about treasury bonds. =/
http://www.pimco.com/_layouts/PIMCOdotCOM/BroadcastModal.aspx?broadcastId=46
stopped out on SLV at $29.9 (-0.3)
put in buy order 2000 ftk long @$4.27.
filled 2000 long ftk @ $4.2897 (raised bid).
wow, did I get lucky, up 5% since buy 8 min ago, putting in stop (may even rebuy if stop out).
Better than watching NY Jets, that’s for sure.
raising stop
– locking in 6.2% or so, hoping to raise to infinity, and beyond (well actually hope to stop out by EOD, still afraid to hold long, prefer to keep scalping.
Stopped Out @ $ 4.55 – quick + $500
EXCELLENT CALL! Jealous. I saw your call and was debating if I should jump in together. Darnit!
and I sold way too soon, Now up 9% (no complaints).
just sold my second lot at 4.55, first one sold awhile back at 4.65 (gap fill).
Bt 1000 GMO long @ $6.89 (it’s a rare earth metals play that has been moving). Really just playing here, this one has been moving so I will see if it continues (I actually sold this one for 8% loss a couple of weeks ago, my only losing trade in a while).
I am geeting ready to start monet money maker system in 2011 based on big boys action . HUGE HUGE HUGE HUGE HUGE HUGE HUGE HUGE HUGE HUGE profit is waiting for me.
I see a HUGE crash should happen to GOOG. I don’t why Idan is long on this. Doble top is in play from 630
A little upside to SPY an dthen crash should come
SWBB in 2011
how little of an upside do you see? 1%? 5%? 10%?
not more than 1%
Ok, I’ll mark it here for you.
Currently SPY 126.12
You are saying it won’t go any higher than 127.38 before a crash
I’ll take your advice and buy a few FAZ around that level.
oxy looks ready to break 100 (I looked at it at 98 and didn’t buy).
HUGE HUGE HUGE HUGE
Look at my huge chart for DOW. SWBB SWBB SWBB SWBB SWBB SWBB
http://bigboysactionwallstreet.blogspot.com/2010/12/huge-dow.html
HUGE HUGE HUGE HUGE forecast
MOS is very strong. Price should consolidate tomorrow and then HUGE HUGE rally toward 78 should happen next week
HUGE HUGE Forecast from me has come.
Are you a parrot from CNBC? That’s all they were saying all afternoon.
Thanks for the breaking news.
Basically commodity is very STRONG these days and Technology are week
SWBB
GM should rally very HARD soon, i need to evaluate this and then let you know
duh, every analyst involved in the IPO (many) were just permitted to put out their recommendations yesterday. Guess what, all buy buy buy, Why? They have an interest in this going up.
I’m not saying up or down, just beware who’s pumping this.
i should’ve held my SLV calls from yesterday. oh well.
SPX looks like it is definitely heading at least higher than the current highs.
last lot sold on ftk. if it breaks 4.84, will consider another position.
very nice
GMO on CNBC now (fast money?). I cannot seem to get this one right (although I did buy after a big run up). Analyst on CNBC saying shorting this one is very risky right now.
SPY seems to be following nicely. See more upside this week.
http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=9&dy=0&id=p61846340294&a=172294384
i agree. not much resistance to the north. a lot of support to the south.
Liking GMO, shit liking almost anything long that likes to move. Volitility and amazing upside bias to this market.
Still a little nervous so I am staying small, but I plan on holding GMO at least until tomorrow (up 2.4% since this morning buy.. it’s another one catching a bid on bullchit and dreams). Maybe the CNBC talk of rare earth earlier helped move this?
GLTA, and Sam, you’ve promised to teach us amazing things. Teach us how someone as wise as you can SWBB and make HUGE HUGE $. The last forcast of your’s that I recall is you were going massively short many points ago. Hopefully the big boys changed your mind in time.
Added 500 more shares GMO @ 7.05, someone just sold a big lot so it ticked down, hoping to scalp the 500 shares
Just jumped back into a lot more TMV which I sold yesterday.
I can’t imagine people to hold Bonds for the new years with all the fear going around.