Short term trades in the stock market •$$$$$•

[Madrus Rose]

Stay away from solar stocks as they've been getting absolutely hammered lately. Some underlying issues with over production and governments not, or soon to stop, subsidising installations. There was some tax break or something in Cali which ended at the end of 2010 but a lot of government sponsored activity in Europe also. Companies like SPWRA, SOL, TSL, WFR, FSLR, CSIQ, JASO et al were put on the chopping block. .

ENER is the poster child for that...this chart is one of the uglier ones out there ,
a quintessential "Dog with Fleas" ( a real --> bow wow)
( not to say it gets a dead cat bounce at some point )

And here it sits hammered down to a $187mil cap @ $3.52 where once bid
up on the solar/energy euphoria ENER was then $1.3bil ...or
over $1bil loss of value in 2yrs and a short all the way down.

 

[zenoonez]

Looks like LEI may be in play again this morning.

 

[TNTBudSticker]

MMG goes to 1.45 ! Clicking on limit orders on the way up and selling too.I love it ..wow..this is a nice call.Anyone guess whats the top going to be.. I'll say around $1.55 if not $1.61. Got to have a limit order for selling.So one knows what the heck he's/she's doing.I'll say I guess as long as Silver,gold keeps hitting highs.

Finally it looks like it corrected itself and I'm finally like out of the red and into the black with paper-trading contests.Funny,most of my gains are from down markets but I don't play the Short side.

I wanted to say if anyone else use the "point and figure" View instead of the charts? I like it alot.

I usually have a few stocks on my watch list while the week goes by.This week is MWE and WGL.

My fools portfolio hits it high today at 326.00..double top now.No silver or gold but sold WLT and missed about $8.00 gain friday and about 2.5 points.Didn't add silver yet and missed $15.00 so far when wanted to add it on thursday. Grrrrrr LoL

 

[Madrus Rose]

Stocks Drop as Oil Prices Weigh,
http://www.thestreet.com/_yahoo/sto...rch-7.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

they weren't happy with CIEN's loses due to acquisition costs of Nortel & outlook , JDSU gave back all of its friday gains & CIEN got whacked
http://finance.yahoo.com/q/cq?d=v1&...wp+jdsu+JNPR+oclr+occf+OPTX.pk+oplk+osis+zigo

gold popped as high as $1445 last night

 

[Mountain]

So when we look at core holdings of ours that we have trimmed - this would be companies like Netflix (NFLX), Salesforce.com (CRM) or even Red Hat (RHT) software - so they are still holdings of ours and they are still core positions, but they are definitely holdings that we've trimmed back over the last three to six months, purely for valuation reasons, where we just want to make sure that stock prices don't get ahead of the fundamentals.

I'm sure there are a lot of people in similar positions that are doing the same thing...and even more today...lol. My first thought after reading this is who's going to be buying now?

Wow I'm surprised...the market is taking a big time dump. The COMP through it's 50 MA and semiconductors leading the charge...Tally Ho! ONNN sliced through it's 50 and no shock there. I don't like to see things hug a major support like the 50 and then the sector upgrade then the stock upgrade with no response then...

Had a dream...'oil hits $115' as I looked up to the board. I know it eventually will but we'll see how fast.

 

[Mountain]

RES has made a nice move off the bottom at about $17 when I was chatting about it. I was a bit early in the chart and let go of my position...ooops. NEP is looking interesting and looking for an indication it's bottomed. It does appear to be pretty washed out.

 

[noreaga]

fucking energy sector kills me. im going liquid by friday. im not doin this baseball card trading volatility shit anymoreeeeeeee. why cant the 90's come back

 

[Mountain]

im not doin this baseball card trading volatility shit anymoreeeeeeee.

Yeah when the volatility/musical chairs thing kicks in best for me to step back.

EGY is looking very bullish in this market.

 

[zenoonez]

Yea I stayed out today. Could have jumped into something, glad I waited the extra couple of minutes and decided not to.

 

[SpasticGramps]

Sorry I have to laugh at all the suckers that bought into the Government Motors IPO. What a crock of shit.

I'm taking bets on when Bailout Motors will go bankrupt again and fleece the taxpayer some more. Gotta love Fascism. Governments picking winners and losers always ends up GREAT! /sarcasm.

 

[Mountain]

Yea I stayed out today. Could have jumped into something, glad I waited the extra couple of minutes and decided not to.

LEI looked a bit like an exhaustion gap today where it was in the chart after being 'played' for a few days.

I'm happy to see some people coming in near the end today to support the market at this point. I think they're suckers but we'll see soon

 

[SpasticGramps]

What's that old saying? If you don't know who the sucker in the market is.....your it

I heard the Shite population in Saudi Arabia was getting kind of restless. The Sunni Monarchy said it would use all tactics to squash any protests. I only see upside to oil prices right now which means downside for equities.

 

[Mountain]

I heard the Shite population in Saudi Arabia was getting kind of restless. The Sunni Monarchy said it would use all tactics to squash any protests. I only see upside to oil prices right now which means downside for equities.

...and now you have Obama coming out and basically saying that if Gaddafi does not step down he'll be taken out.

RAS LANOUF, Libya – Repeated airstrikes by Libyan warplanes on Monday illustrated the edge Moammar Gadhafi holds in his fight against rebel forces marching toward the capital: He controls the air. After pleading from the uprising's leaders, Britain and France began drafting a U.N. resolution for a no-fly zone in Libya that could balance the scales.

President Barack Obama warned that the U.S. and its NATO allies are still considering military options to stop what he called "unacceptable" violence by Gadhafi's regime. NATO decided to boost flights of AWACs surveillance planes over Libya from 10 to 24 hours a day, the U.S. Ambassador to NATO Ivo Daalder said.

"I want to send a very clear message to those who are around Colonel Gadhafi. It is their choice to make how they operate moving forward. And they will be held accountable for whatever violence continues to take place," Obama said during remarks in the Oval Office Monday.

 

[SpasticGramps]

So I heard. And here we go to War again with our Banker Puppet Commander in Chief and his Noble Peace Prize lol.

Meet the New Boss just like the Old Boss. Loves banks and war.

 

[SpasticGramps]

My pony in the race is doing very nicely. Hit $36 this morning before coming back a little. Woot!

Maybe I should add a little more to my safe? Going to wait for a pullback though. Hope there is one.

Buy physical silver and crash the banks!

 

[Madrus Rose]

Wow I'm surprised...the market is taking a big time dump. The COMP through it's 50 MA and semiconductors leading the charge...Tally Ho! ONNN sliced through it's 50 and no shock there. I don't like to see things hug a major support like the 50 and then the sector upgrade then the stock upgrade with no response then...

Had a dream...'oil hits $115' as I looked up to the board. I know it eventually will but we'll see how fast.

Well that magic number of $4 bucks at the pump & thats where peeps really start curtailing their spending . Think they'll have Kahdaffi somewhat penned up in a week , they're already investigating him for war crimes & violence so we'll see if they put in a no fly zone .

The short of the SMH was a no brainer at the double top on the daily & even for AAPL too ($360).... based on fundamentals & valuations . Heck there's double & triple tops everywhere (overbought even on the weekly's!! ) & all the hot sectors like the fibre optics, oils energys, techs all bid up to the hilt into the overbought hitting all the previous highs.

There's just no bidding higher & that positive push up again following Egypt's unrest winding down , was on such low volume as u saw . Even the OIH stalled & the oil services groups & refiners...for then to push the market higher from they sure will have to demonstrate there really is a global & US recovery in the works .

Gramps may be onto something , but at these all time high levels finding support is what you have to do now ...they took it too far .

 

[Madrus Rose]

Yeah when the volatility/musical chairs thing kicks in best for me to step back.

EGY is looking very bullish in this market.

Thing is on EGY pulling up the weekly chart , seeing it hitting a triple top in here right now, one back in 08 & o9 ..its not overbought but getting just there @ $8.50
http://stockcharts.com/h-sc/ui?s=EGY&p=W&b=5&g=0&id=p42927170815


yah , like before when looking at all the overbought indexes & things at all time highs again that things will just rattle around in here , like those little bounces off the 50ma we've been seeing . Now to plan out trades looking for serious support & dont get caught in the whiplash ...look at fundamentals , valuations & ahead to seasonal sector momo plays .

Bet your life though if they don't see good things in the future quite shaping up as they planned , they'll use this period of uncertainty & distribution to lighten their positions (they already have ) to buy back in lower . We've already seen two big sell-offs from testing these highs already ...and there's always going to be some bagholders .

And all of a sudden the rosey picture starts disintegrating , the bad news gets more frequent , the downgrades on valuations start coming in after the fact ...after the markets violated the 50ma & lost 150pts !! lol (greatest shorting opps in here )

* Well AAPL's got the new iPad II due out 3/11 & they're really waiting on it over in the asian markets & here...just wonder who all the shmoes were that bought the iPad I just a few months ago ? Do they collect these things like iphone covers & put em on the shelf ? That iPad I was doggie , yuk , but peeps just couldnt wait 4mos for a better improved slimmer, faster version ?
What a marketing genius of a company ...like buying a new tooth brush every week <g

 

[Madrus Rose]

Semi conductor holders SMH , almost 99% of thes double top tests have failed recently because the market Indexes hit these all time highs . A two year opportunity , just like when the market hit the lows & "W" bottom ...its the same thing at the----> top .

Big money has been selling into strength up at these levels ...its been higher but not with these demands on the consumer & rising commodities costs everywhere /oil.

 

[Mountain]

Thing is on EGY pulling up the weekly chart , seeing it hitting a triple top in here right now, one back in 08 & o9 ..its not overbought but getting just there @ $8.50

Thx man...didn't look at the long term charts and would agree. Short term OK as I usually am only looking 1-5 days out.

This news flash from IBD...

The cluster of distribution days in the past few weeks, along with mounting weak action in the market leaders, was enough to conclude the market is now in a correction.

Well duh! Things have for sure been different the past few weeks and a few days last week really stood out.

Now the fun starts...the fund managers are all looking at each other through their monitors wondering who's gonna flinch first...lol! The trap door is about ready to open then we just gotta figure out where the bottom will be.

Today was the highest volume down day yet on the NASDAQ in the last few weeks and slammed back into it's 50 ma. It really wants to go thru. We're probably looking at 2,600 before any real pause and 2,500 before it tries to make a serious attempt to hold up. I say it'll drop thru 2,700 like a rock when it does.

Tomorrow's opening will be interesting. ANY push up at this point is a great opportunity to enter short positions. Maybe I can get those Q puts I bought last Tuesday back!

 

[Mountain]

Madrus - that SMH shows the top I was looking for but did not find in the general markets. Since semi's lead tech that was the top I was hoping to see but focused elsewhere. I thought last Tuesday was the reversal I was seeking and that pop in SMH was it's last gasp I do believe. That down volume today just confirms it to me.