Posted:
#101
VLO 33.54 is bumming me out should have rallied by now Bot at 34.40 pulling the plug for a loss of .86 ..bad idea
Mikeys Corner
Posted:
#105
My position on the market ..short term...clueless..I want to get short but not here. I am short the Choo choos (NSC CSX ), CMI WFC BAC COF, for the long term. I am trying to short DKS at 23. I have a small long side trade on the DIG and DGP trading for the counter trend bounces. I am mainly in cash and am waiting for boys to tip their hand. Its a waiting game in here for now but something will pop up.
Posted:
#106
The difficultiy in trading the market is that just when something makes sense and the price seems to validate it the price reverses and news that counters what you know comes out. That is why trading will beat most traders. The price moves will only go so far in one direction regardless of the reality.
The long term trend represents by the tilt of the 200 day average is the direction that you want to trade. You would be best served if you waited for a move that is counter trend to that average to put on a position.
In the economic condition we are in now cheap will only produce a short term bounce. When the stock is substancially oversold then you usually get a 3 month rally or consolidation.
This will defeat most option trades. That is why I am against trading options.
There will be times when stocks or the market will get oversold and good news will surface use those times to establish your short positions. Remember in the long run the truth comes out. The short term market is a game of liars poker.
Posted:
#113
I just found it today myself. The only thing that worries me is the lack of volume, the daily avg shares traded for DXO is just under 100K. Although it looks like a few other people have found out about it today since volume is over 100K today already.
It looks like it started trading right around the peak of the oil spike, so hard to tell where it may go from here.
It looks like it started trading right around the peak of the oil spike, so hard to tell where it may go from here.
Posted:
#117
QID is more of a position not a trade. I expect to hold this one until it gets the job done. If they give me 60 I'll take it but time is not the real issue here. I think 60 is doable by next summer. The reason for the trade is that before it is all over the insiders will have to tell the truth about the economy. The tech stocks do a good job of conveying that message. At the end of the cycle the Techs collapse. THIS IS NOT A SHORT TERM TRADE.
Posted:
#119
Quote Originally Posted by jaxwhitey:
I guess UNG might be another less direct way to play an upswing in oil. I think it also factors in nat gas, gasoline and heating oil prices in addition to crude.
Might be a decent trade for this week with a possible hurricane heading towards the gulf platforms.
I guess UNG might be another less direct way to play an upswing in oil. I think it also factors in nat gas, gasoline and heating oil prices in addition to crude.
Might be a decent trade for this week with a possible hurricane heading towards the gulf platforms.
They are beating this thing senseless today. First a higher build of Nat Gas than was expected this week and then the drop in oil.
Down over 9% today with a possible hurricane on the way. I really wanted to get into this, thankfully I convinced myself to wait until after the nat gas figures came out this morning, still looking for a possible entry point.
Posted:
#120
Im thinking of a short term trade, Going to look at DXO, The low volume is a concern, maybe Im better of with DIG. Tuesday we should know about any Gustav damage. The media loves to push this to the headlines. Even if it's a miss.
Mikey I got out of my DGP on Thursday, Spot seems to hit 840 overnight in Hong Kong only to pull back to 830 in NY.
Any thoughts as to why?
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