Posted:
#101
Does anybody still like CRDC?
October Stock Talk #6
Posted:
#102
I really like DRYS today.
I trade DAL today
bought more DRYS. Earnings are being announced monday. they're announcing earnings early, i see no other reason to announce earnings early other than to boost your shareholders spirits.
charts show DRYS is on an upswing also. BDI is @ the lowest its been 6 yrs. time to buy is now. when the credit markets really get flowing the BDI will have a big upswing.
I trade DAL today
bought more DRYS. Earnings are being announced monday. they're announcing earnings early, i see no other reason to announce earnings early other than to boost your shareholders spirits. charts show DRYS is on an upswing also. BDI is @ the lowest its been 6 yrs. time to buy is now. when the credit markets really get flowing the BDI will have a big upswing.
Posted:
#103
WLD,
The BDI is just being smushed because of those letters of credit. At current shipping rates there is no profit for the shippers, something tells me this wont last longer term or the shipping business will cease to exist.
I could be wrong and maybe DRYS doesnt make it..Ive seen crazier things happen but I seriously doubt that current BDI rates exist for much longer.
Depeche, I do of course, I got stopped out on some shares during the monster drop and I have been waiting for the stock to base and go higher, but it just doesnt have the volume to do so. Its a longer term project and entry will be easy to make until the day that the market decides its time to take it higher and fast.
The BDI is just being smushed because of those letters of credit. At current shipping rates there is no profit for the shippers, something tells me this wont last longer term or the shipping business will cease to exist.
I could be wrong and maybe DRYS doesnt make it..Ive seen crazier things happen but I seriously doubt that current BDI rates exist for much longer.
Depeche, I do of course, I got stopped out on some shares during the monster drop and I have been waiting for the stock to base and go higher, but it just doesnt have the volume to do so. Its a longer term project and entry will be easy to make until the day that the market decides its time to take it higher and fast.
Posted:
#104
My SPY short trade (93.34) put on at Wednesday's after market is getting more and more painful by the second.
After election, assuming Obama wins, I am getting the f out.
"The market" is in a buying frenzy now, no question about it, and I was dead f---ing wrong the way I read that vicious sell-off to close Wednesday. One of my worst and stupidest reads of all-time-----have completely missed the mularkey rally the last 2 days being on the wrong side of the tracks-----getting crushed and crushed and crushed and crushed again and again and again and again.
Posted:
#106
Quote Originally Posted by claycourtlesson:
My SPY short trade (93.34) put on at Wednesday's after market is getting more and more painful by the second.
After election, assuming Obama wins, I am getting the f out.
"The market" is in a buying frenzy now, no question about it, and I was dead f---ing wrong the way I read that vicious sell-off to close Wednesday. One of my worst and stupidest reads of all-time-----have completely missed the mularkey rally the last 2 days being on the wrong side of the tracks-----getting crushed and crushed and crushed and crushed again and again and again and again.
I'm still holding my SDS- we will either get smoked together or hopefully cash. I still think there's another selloff in the near future. Do you think the market makes a stronger run if Obama gets elected ?- I would think that at this point any lean based on election would already be factored in.
Posted:
#107
I agree with the thoughts below CC...we are nowhere close to the oft proclaimed bottom to this market.This crisis, again wrongly proclaimed to be confined to the US, is completely global and massive in scope...They could trot out Buddha, Christ and Bacchus as spokespersons, the next administration will encounter the demographic truth.And the derivative truth, which is extraordinary and will not be defeated by even collective central bank efforts.In essence, BFD to this week's rally.
this week we've had a classic bear market rally. Some short sellers (especially in Germany) got squeezed temporarily. The Fed tried to prop things up with a rate cut. And Wall Street cheered — a bit.
this week we've had a classic bear market rally. Some short sellers (especially in Germany) got squeezed temporarily. The Fed tried to prop things up with a rate cut. And Wall Street cheered — a bit.
Posted:
#108
Dsn-
Hat is right----this deal right now is damn hard to read, and I am certainly illiterate.
All started Tuesday. Got in long SPY, sold in to the first part of rally for 2 points, and immediately a "short covering bomb" got dropped. Left 5 gdmf points on the table for some sheethead to take to the bank-----then the vicious sell-off to close Wednesday----I just didn't read it right.
I have no idea what "the market" will do if Obama is elected. I honestly 100% believe that "the market" will do exactly what I don't want. If I leave SPY short open, there will be a short covering explosion, and if I close the SPY short, then there will be another sell-off. No doubt about it.
Out a few months, I would maybe might possibly think there could possibly maybe a chance that there could maybe possibly be a re-test of the Oct '08 lows--------but like I said, right now I am a farking idiot illiterate on reading this crap and really need to just get the fcku away from it for a week or so------and of course, during that week-----there will probably be "the opportunity of a lifetime" that I will of course miss.
"Welcome to the market." Hahahahahahahahahaha in a ghoulish, devilish voice.
-------------------------------------------------------------
All in all, even after just taking the major, massive hit on this SPY short by bailing my sorry ass out first thing Monday morning and closing up shop for the rest of the year, I am or should be up in my account double digits as far as "trading" is concerned. I went all cash in early Jan of '08 and liquidated everything. Only a few weeks ago did I open up long haul (5 years) investments-----Sysco (SYY) and Chart Inudstries (GTLS)-----yes, both are under water since, but positions are both minimal------just 100 shares each so I can at least write a covered call contract each month.
Cheers
Posted:
#110
I believe the DOW closed above its 20 day moving average yesterday.
I'm still bullish for the near term, except for gold of course.
The dollar had a hell of a good week and I think it continues for the next few weeks/months as central banks around the world continue to cut interest rates. We are already done cutting I think, maybe another 1/2 point but Europe/England/Asia have a lot of cutting to do still as their rates are still anywhere from 3-8%.
I'm still bullish for the near term, except for gold of course.
The dollar had a hell of a good week and I think it continues for the next few weeks/months as central banks around the world continue to cut interest rates. We are already done cutting I think, maybe another 1/2 point but Europe/England/Asia have a lot of cutting to do still as their rates are still anywhere from 3-8%.
Posted:
#111
anybody feel real stupid today? I was going to add EEV, QID, SRS, and DUG yesterday into the close of the dumb Obama rally.
only didn't because of relative strenght/MACDs of the market.
now, i feel like an idiot....and down a couple percent today, instead of up a ton.
jaxwhitney- i was really wanting to see 800 gold too so i could put back on my big short again (i shorted from 900 last time). not sure what to do here....may just wait to see if it tests 680, or if it breaks that resistance, back up the truck on DZZ.
Hot Forum Topics
