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Richard (permabear)
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P3 .... it is allowed to be a double bottom or stop shy of the evil 666 right? ive been buying puts JAN FEB on some weak looking farts.... hopefully i can build up a stack before XMAS. think we might start heading significantly lower slightly befo...
GREAT WORK WOO!
take a look at the weekly on IBM ... looking for a close below $125 next friday and im going to stick my neck out and short the beast. amazing stuff we are witnessing here.
im sure there are thousands of charts that look like these for price action and volume. stocks retracing back some of the recent move lower IBOC BA COF JNJ all under the 20 .... then there are others like V that are way overbought still. this week...
Zeeshan, that makes sense for market sentiment. we are too bearish according to your chart. is there not more too the market movement than just the put call ratio? im mainly looking at the candlestick chart and the tagging of the 20dma. if we gap ...
agree that we head lower. the price action failing the 20dma compared to the price action beginning of OCT has me more bearish than usual. however, im not making any large wagers on it. the standard play under the 20 is to short the market on any ...
PCLN is another on the "short no more" list ... same thing. BCAA travel is closing the doors on all of thier offices in our Province because of on-line bookings. sure the pricing of the shares makes zero sense to me. but we know that making sense ...
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- Enter any information you would like to share about yourself:
- Small business owner. importer of jewellery making parts and beads. wholesale and retail of beads. fun business but not highly profitable. stock trading to feed my two wonderful daughters... no pressure :)
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UP DOWN OR SIDEWAYS... WHICH WAY DO WE GO FROM HERE?
WE ARE BUSILY POSTING INTRADAY OUR "LOGICAL" REASONS FOR MARKET DIRECTION
but we all know the market is far from logical so we must rely on technical analysis and
indicators. im hunting down stocks that have bearish implications. classic patterns and
overbought stocks with declining RSI. this is my game plan. im not buying puts unless
i can't get shares to short. the PUT PLAN will be post JULY 4 to avoid decay. the PUT
PLAN may turn into a CALL PLAN if the market gets nasty in the next 2… Continue
but we all know the market is far from logical so we must rely on technical analysis and
indicators. im hunting down stocks that have bearish implications. classic patterns and
overbought stocks with declining RSI. this is my game plan. im not buying puts unless
i can't get shares to short. the PUT PLAN will be post JULY 4 to avoid decay. the PUT
PLAN may turn into a CALL PLAN if the market gets nasty in the next 2… Continue
Posted on June 23, 2009 at 9:10pm — 1 Comment
A SHORT-FOLIO TO BE PROUD OF
I keep posting my picks intraday in a mumbled mess during the heat of the trading day. thought id share all of my recent picks that are behaving as expected. many have room left to the downside and i expect them to meet thier downside targets this week or early next week. hopefully the market retraces a bit tomorrow so i can add to those i feel have the best risk reward. X and STEC at first glance top the list.
IBOC ------- i'm waiting to addl after this week. sold half my position today
PCLN -… Continue
IBOC ------- i'm waiting to addl after this week. sold half my position today
PCLN -… Continue
Posted on June 15, 2009 at 4:30pm — 2 Comments
ONE STEP FURTHER....GOVERNMENT FUNDED DOWN PAYMENT
WHAT A DAY! i made FIVE DAY TRADES. 2 WINNERS ... barely winners and 3 LOSERS. but i've learned my lesson, if it looks bearish on the charts buy it? if it looks bullish , like a triple top in KBH , sell it.
relaxing after market close and take a look at CNBC.com, which my Doctor says i shouldn't :) and lone beholden the goose that lays the golden egg. yep, your govenment again. Canada does not have any bull crap stuff like this flying around. certainly these programs are costing money directly… Continue
relaxing after market close and take a look at CNBC.com, which my Doctor says i shouldn't :) and lone beholden the goose that lays the golden egg. yep, your govenment again. Canada does not have any bull crap stuff like this flying around. certainly these programs are costing money directly… Continue
Posted on May 29, 2009 at 4:30pm — 9 Comments
IM BETTER THAN EXPECTED at waiting patiently
PATIENCE PATIENCE PATIENCE. this is why im buying puts out to JAN 2010 . this is ridiculous. when will this market take a serious turn south so that at least one stock is reasonably priced and i can go long.
THIS TAKES THE CAKE when Japan reports GDP off 4% and it is considered "better than expected". this kind of decline is devastating. however, "economists" seem to think that modest growth will come in the next quarter. momma says what? which "economists"? are they the ones that predicted thi… Continue
THIS TAKES THE CAKE when Japan reports GDP off 4% and it is considered "better than expected". this kind of decline is devastating. however, "economists" seem to think that modest growth will come in the next quarter. momma says what? which "economists"? are they the ones that predicted thi… Continue
Posted on May 19, 2009 at 10:35pm — 5 Comments
I CAN’T STOP LAUGHING --- pray for my girls!
Here we are just a half hour after the close an I can’t stop laughing. GS which is not supposed to be an investment bank anymore still doles out buy/sell recommendations? Home Depot shares rise on their competitor posting a decline in sales when that competitor has steadily grabbed market share from HD for years. HD stock is trading just 20% below what it did in 2006 ….. what a selling opportunity. Was only going to short the shares but… Continue
Posted on May 18, 2009 at 4:30pm — 1 Comment
Comment Wall (3 comments)
- At 6:12pm on May 26, 2009,
Jeff Arthur said… - Hey Rich,
Thanks for the welcome! I am very glad I found this site and people like you on it, I am still learning (aren't we all) and am soaking up everything that I know to make sense. Unfortunately after today's price action I am becoming more and more befuddled and impatient, my puts go out to jan 10 so I guess I should be a little more relaxed but I am starting to get a bit nervous and think I may need to sell down to an unnervous exposure level, what is your opinion on what's going to happen I recognize we are in a battle and I am quite bearish but as everyday goes by in this bull crazy gaga land I am growing more and more open to the idea that's these crazy cnbcers may have control of this market for a bit longer then I thought possible. I am trying to hold on and wait for a decisive break above current resistance but I am getting antsy it seems they are even willing to ignore a nuclear explosion and play it off by saying well about 100,000 less people then expected died so the market rallied 800 points...... I would greatly appreciate your opinion and don't be afraid to give it I will ultimately only follow advice that makes sense to me and will only hold myself accountable.
Thanks. Jeff
Ps: thanks for the heads up on the stock that HS looks great except for that low volume up day that resulted from todays circus rally but hopefully it will continue down to that great target of a 200sma you are targeting!
- At 1:08pm on February 28, 2009,
TNbear said…
- R(pb)-you are right on about the drought and famine factor...historically, most
uprisings and revolutions were preceeded by food and water shortages as a result of unexpected climate or season changes...my bro-in-law is a farmer in Miss. and remarks about the foreign investors buying up all the delta farm land that is feed under ground by Miss. River...they truly understand the law of supply and demand...regards, TNbear
- At 4:18pm on January 21, 2009,
Tanya said… - I tried posting this in the intraday thread, but they deleted it in short order. Anyway, saw this on the teevee last night and remembered your comments yesterday. Thought you might like a laugh:
http://ca.youtube.com/watch?v=xVlv1FWrhek
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