Posts tagged I
Diversify your bearishness, toss in the nasdaq: or why i like UltraShort QQQ ProShares (QID)
Nov 1st
Dont worry, Im not just gonna keep my hate located on the s&p 500, of all of the indexes, the nasdaq seems to be behaving the most bearish, as such I am recomennding UltraShort QQQ ProShares (QID).
It is important to make sure that you dont through all of your bags on to one new york city bums shopping cart.
That strand of geinus being said, although it might have better been left unsaid, the market could go anywhere right now, probably down, but it is my wholeharted opinion that by friday we will have an intense fear based sell off (probably on the gdp #s)
TooLongDidntRead: long QID
Take the 50% gain,or why i would be long UltraShort MSCI Emerging Mrkts ProShares (EEV)
Oct 30th
So, id like to thank all of my readers for their responses, I appreciate the emails. (use the contact me link above)
That being said, I stand by my claim, you SHOULD NOT BE SHORT THIS STOCK ANYMORE!
I am on full confidence saying that you should be going long this stock at the first oppourtunity.
I think we have peaked.
I think we are due for a nice turnaround. As such i have a small portfolio for you to use with your new gains
LONG Short
EEV UYG
SDS SSO (Yes i realize sds is right next to this, this is to negate the constant leverage trap)
DUG
Why I would be short UltraShort MSCI Emerging Mrkts ProShares (EEV)
Oct 27th
It is afterall an emerging market, and as such, its much easier to sell at a obvious peek like we have right now, The constant leverage trap is providing you a excellent oppourtunity to make a quick 20% (remember to set out prices, otherwise this one might sting.
P.S. im going to be posting alot less from now on due to work, quit emailing me, it just pisses me off, use the contact me link above.
Why if I was still able to, I would be buying Apple Inc. (AAPL)
Oct 21st
So AAPL is reporting tonight.
My suggestion is that this is a buy the rumor sell the news earnings report, in full reverse of the normal way to play a mac-rumor, I personally believe that no matter what happens to AAPL, the stock will be up 5+% tommrow.
I personally have gotten out of this market, I need to make sure my money is safe, because i may not be able to take out student loans this upcoming semester.
I firmly belive we have bottomed, or why I am holding SSO
Oct 12th
In my opinion, we found a bottom last friday.
It was textbook, the fall in the open on heavy volume, the high that followed. There is even a cup and handle pattern in there.
I expect the dow to be back above 9500 by the end of the month, so I am going to hold my 2x the s&p results etf, sso.
Also, i have gotten emails asking if you should liquidate like Jim Cramer says. I say, no, that would be the very definition of buying high and selling low.
If you are young, just wait it out.
Ticketmaster (TKTM) fun: Do I get to see the next Giants game?
Oct 7th
I picked up some shares of Ticketmaster (TKTM) after the rather sizable fall from the day’s highs, it showed some strength at 12.22 after it fell and recovered.
As far as i can see, some shorters entered this morning, possibly on a TIMALERT (by Timothy Sykes), so I figure the daytrading crowd may be a nice way for me to earn money.
I wont be holding this long term as I believe livenation will be the top soon.
I just lost a bunch of money by switching to Shorting
Sep 23rd
Ok, thats it, one of these Jews (said with love) wins shorting…….
(My picture of timothy sykes is down atm (http://retardtrader.com/uploads/2008/02/tim-sykes-cult.jpg)
I lost a tremendous amount of my portfolio to what amounts to a 15 minute meeting + a london stop shorting announcement + my lack of a stock loss.
To be honest Ive never been a good shorter, who knows, maybe im just a hopless optimist, but from now on, I’m not shorting unless its a pair trade. I’m going to leave it up to Timothy Sykes and Doug Kass.
As for my personal account, im gonna come back, this time wiser, hey, at least I only lost 3000$ I could have been managing money, IMHO im glad I learned this lesson while I am at my current Level, I feel ill be a better trader for it.
I hate Charlie Gasporino(sic), or why my worst trade ever turned into somewhere around my 2nd best day
Sep 16th
Let me start of this blog post by saying that I love it when companies survive the night but are tremendously trashed, as you can usually tell the direction of the stock within 5 minutes and they tend to be good for MAKE-YOUR-YEAR returns.
This should have been one of those stories for me today.
I had been trying to pick up 1k shares for 2.5 for a while this morning after getting rid of a bad O/N airline short that i had to keep due to the worst rule in the world, the Pattern-day-trader rule.
So I cover my lcc and take to trying to by 1k shares of lcc (I was only really 5-10 cents off) and guess what happens, Charlie Gaspoino (I am relatively sure.) Says, (AND IM PARAPHRASING) ” Yeah, I know some guys, and they are high up in the fed, and they talking bout extending AIG teh bridge loan”
Of course im trying to buy, each time, the stocks already shot up by the time i place my order, SO eventually I manage to put in a market order, I buy at 4.01
Click on the chart to enlarge the chart part of the story.
Long and short is, Sometimes, the best move is to do nothing in times you really shouldnt be in there.
My advice for tommrow, if the company is still alive, and goes below $1.00 It might be a good time to buy.
Even with an 80% share dilution off of a recent pre-fnm panic, (20*.2) you would still value the stock at $4.
In addition to this, the company’s health is no longer in jeopardy. And there are buyers out there expressing interest.
Your medicine for a broken market: Why I bought SSO today
Jul 29th
First off the good news,
I WAS GRANTED MARGIN
That means I can finally go in and out of stocks like I have always wanted to, and in this volitile market, that is the most valuable thing you can hope for.
The market was set for a turnaround and looking at where oil was going I decided that An investment in the S&P 500 was a good idea.
SSO is a double leveraged etf, so if you apply another 2x layer through margin to it you are getting a BROADLY diversified portfolio, yielding 4x the daily result of the s&p 500. You could also short the market 4x with SDS. Now this may seem like a risky move, but lets consider what could concievably happen in a three day period. Lets say the market moves up 1.3% a day. This would mean that SSO would be yeilding 2.6% a day, with compoundment this would mean that you would have yeilded 8% on a regular portfolio. And 16% on a leveraged 2x portfolio. In otherwords, the market retraces less than 3.9% (Which I believe it will.) and you made 16%. Mind you, the exact opposite could happen, so be careful, and ask an investment advisor before doing anything.
I Lauched a neat site today,
Jul 28th
http://wallblog.com/sites/
Check it out, its a link thing, and if you click back to pro blogs, it lanches major sites from where you are.
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