Stock Market Today: Aug 6th - 10th - Page 11

Originally Posted by jbrand1 

I'm extremely excited for the forthcoming nowwhat PCLN february gap fill vanilla chart

Originally Posted by jbrand1 

I'm extremely excited for the forthcoming nowwhat PCLN february gap fill vanilla chart

Originally Posted by rando 


Because going to big charts and getting it yourself would kill all the fun.

---

Not sure what broad market sentiment is here, but HSM seems rabidly bearish all of a sudden. I'm still much closer to neutral, and very wary of an upside breakout as my posts this week have probably clearly indicated. Just be careful with shorts and don't be as stubborn as many of us are enthusiastic.

Originally Posted by ankhmor 

Some much for that old fart

Originally Posted by ankhmor 

Venom be careful with freestockcharts.com. Sometimes their prices aren't accurate. 

Originally Posted by webChris 

I'm bullish until the election. The potential snags I see coming up are "fiscal cliff" which we will be talking about 24/7 after the election and EOY retailer reports. Really curious to see how holiday shopping goes this year with consumer confidence where it's at.

 

I don't see much downside until that, unless something unexpected happens before then.

Originally Posted by ankhmor 

This is an interesting link

http://online.wsj.com/mdc/public/page/2_3022-mflppg-moneyflow.html

Originally Posted by OldFart 

that's always kind of neat to check out....interesting to say the least...

Originally Posted by theone 

 

oh yeah? ever heard of the 'odds'? are you  telling me there were speculators that were betting the BP would have made some gains on the Gulf spill news? if there were, they were speculators that lost big. thats not speculation buddy, thats just common sense... speculating, would be thinking that the Toronto Maple Leafs have good odds at winning the Stanley Cup this year, now THATS speculation, if thats a bet you're will to take then you are a speculator when all the common sense in the world tells me they probably won't even make the playoffs... the FACT is that stocks will ALWAYS tank on disasterous news and the easiest money in the world is to short that shit... an 8th grader could have told you that BP, RIMM and FB would all tank, how is that speculation? I call it going for the easiest pickings cuz its all about one thing to me, making money the easiest way possible... I don't care to take the time to understand why a stock won't budge north on the greatest news, thats a waste of my time...

Originally Posted by theone 

somebody show me a higher risk to reward investment that can even come close to shorting a corporate disaster and I'll take this thread down. BTW, I am not talking about RSPs, savings accounts, mutual funds and such...

Originally Posted by theone 

I never said this is a get rich quick schemeCorporate disasters like botched IPOs, oil spills, corporate restructuring, bankruptcies and such don't happen every single day, you gotta wait for them to happen and they will and do happen eventually. I am like a buzzard constantly circling the skies, patiently waiting for that sick/weak/starving animal to show it distress. I can wait a month for the next big disaster, I can wait a year. I never did say I made a fortune doing this either, you assumed that, but I have done pretty good on each of my shorts. So again, I ask you... take BP for example, who in their right mind would have though that the stock would have gone up on the Gulf spill news? was there ever any question in your mind of which direction the price would go? as far as when to get out? I can't tell anyone when to get out but I sure as hell know when to go short. Me personally? I try to cover when I see the chart about to pinch or see that the bleeding has or about to stop. When there is a disaster like BP, RIMM,. Nortel, old support levels don't really apply anymore, people are running for the gates.

Originally Posted by theone 

 

oh whatever man...

 

do you really think the people that dumped Nortel, BP, etc., etc., cared about support levels? they wanna get out, period, then there are those that wait a day or two or three and they contribute to the downward gains... the bleeding wasn't priced in the minute the news hit, it took days and it always does on a tanker of that magnitude, old support levels are irrelevant and so is calling a bottom, you cover when you feel comfortable or run out of nerve...

 

i don't care if your prefered methods require you to think more about it, I like to think less and thats why this has become my preferred method cuz it really doesn't take much thought... I'll ask you again, did you really think BP would go up on the Gulf spill news? I can tell you with a certain degree of honesty that the price direction really didn't require me to think much about it and thats how I like it, different stokes for different folks I suppose...

 

I'll ask you one last time... find me an investment with a better risk to reward ratio than shorting the types of corporate disasters I mentioned and I'll kill the thread, until then, I'm holding a short position in FB thats already up around 30% target is $5.00 but I'll probably cover before that depending on how I feel, there's your live example, in the mean time I have money (margine) waiting on the side for my next BP, RIMM, Nortel, FB etc., etc.,... still waiting for a response from *somebody* regarding the first time I asked the question...

Originally Posted by Davecash77 

I think we hit or are very close to a top here for a while,I initiated 2 shorts yesterday and will look to add more at any pop..

Originally Posted by Venom08 

I'm glad I bought my spy puts at EOD yesterday. Do you guys think we touch 138.50 or will we get bought up so that 140 is tested as a good support level? I'm asking because I'm wondering if I should sell my puts near the open or hold for several more hours.