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Old 01-14-2011, 11:05 AM #1
TNTBudSticker
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Short term trades in the stock market •$$$$$•

This was a popular thread so we might as well talk about the market,economy and your speculative stocks.



As I was saying that the last month has been good to these stocks.

Friday the 14th

2 months back


Jan 1st.

It's Climbing....

Jan 7th

Seems I hit a bump in the road.A tad burp I hope.And today the 14th.



I'm hearing Silver is taking a hit now.And the dollar is getting stronger.I don't believe that the market will drop below 8000...looks like a strong support level even back in 2002-2003.

Remember the SEB stock I was taking about in place of DRYS?
SEB made a New High today ($2,058) from when first mentioned back in june 18th 2010 at $1610..I hate tops like that on that date on the One year graph.The pullback..then the climb.
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Old 01-14-2011, 09:55 PM #2
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Anyone thinks that the gold bubble bursted?

Seeing drops with Gold and Silver prices.Few folks thinks the $1320 in the next level for Gold.

I say "Ye"
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Old 01-14-2011, 11:04 PM #3
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wouldn't call it a bubble , but certainly bumped up into overbought conditions & should pull back

Amazing chart of GLD (SPDR Gold Trust Shares) NYSE
https://stockcharts.com/h-sc/ui?s=GLD...d=p11123122386

Apple hit new all time highs with earnings out Jan 18th , shorts are fueling this market
in here ...look for a "sell the news" scenario ...tho Goldman just raised targets
for AAPL to $425 /shr ....company has nearly a $320bil cap now ...almost $80Bil
more than Microsoft, btw.
Incredible ...

Apple shorts are getting squeezed but very low volumes here ,
this will almost certainly be a sell the news
scenario ...Apple has become a juggernaught !
https://stockcharts.com/h-sc/ui?s=AAP...d=p20545959550

* Not bad tho , for a guy (Steve Jobs) who took over 50 Acid trips
by the time he was 22...got kicked out of Apple & then discovered Pixar
& gave us Toy Story I II & Shrek I II III & then sold Pixar to Disney for $4Bil
...returned to Apple & took over music downloading on the Net with Itunes & iPods
brought out the Iphone /smartphone ..and now the iPad which is now going
to be with Verizon now too . AT&T would prolly be bankrupt without steve jobs.

Am still a PC user tho, grew up in the same area .... don't do Itunes, but kudos
to Stephen Jobs for being a charmed meglomaniac & taking over the universe !
lol

ps : made alot of $$$$ off AAPL
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Old 01-19-2011, 02:36 AM #4
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Anyone working in the sub 5$ market, I am trying to push high volume on some volatile stocks alot of tentativeness when there is a drop though. I really wonder whats pushing this bull...
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Old 01-19-2011, 02:52 AM #5
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Originally Posted by Madrus Rose View Post
Apple shorts are getting squeezed but very low volumes here ,

this will almost certainly be a sell the news
scenario
https://stockcharts.com/h-sc/ui?s=AAP...d=p20545959550
made alot of $$$$ off AAPL
Well Apple reported holiday quarter earnings yesterday & the results were nothing short of amazing Apple’s Revenue Rises 70% on Sales reports record $6B profit in Q1
https://finance.yahoo.com/q/h?s=AAPL+Headlines

And was a sell the new's scenario as the stock dropped nearly 25pts from near $350 , then rebounded the same day making for a 50pt swing in one trading day ...Nasdaq hitting new highs now but completely ready to pull back .

This is what u call a "sell the news" scenario , matter of too
high valuations & taking profits . Apple is a juggernaught tho , 6Bil in
net profit in just one quarter off $25Bil in sales !



Steve Jobs taking a sick leave after liver transplant last yr weakened him
https://www.nytimes.com/2011/01/18/te...ref=technology
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Old 01-19-2011, 03:04 AM #6
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Originally Posted by zenoonez View Post
Anyone working in the sub 5$ market, I am trying to push high volume on some volatile stocks alot of tentativeness when there is a drop though. I really wonder whats pushing this bull...
I would say that a good percentage of it is due to the Fed printing money and having banking concerns do some program buying that they would not usually do under these conditions.
You know, they keep telling us that we are in a 'recovery'... Where?

Where I work, the only part that is still kinda busy is in commercial install and service. Residential is lagging behind terribly. Jane and John Doe are not spending unless they HAVE to.

Perhaps I'm a doom-sayer, but this stock market can't keep going like this based on lies and "legal counterfeiting"....
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Old 01-19-2011, 03:16 AM #7
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Apple - with the dip after Jobs taking med leave again ... look at the stock history when he left and returned both times..... combined with the iPad2 release in April and iPhone5 release in July. Apple should be around $380 by the end of summer as long as SJ doesn't die from whatever is ailing him now.
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Old 01-19-2011, 04:10 AM #8
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iPad's 7.33 million unit sales @ $600/ave were well above the rosiest estimates...didn't think they could sell that many units ...the new partnership with Verizon will be seen as Apple's next leg of growth.

When i bought an iPad back in nov, the store was crammed with peeps, though ended taking the Pad back 14days later for being a pretty but useless toy .

amazing numbers tho ...including 16mil in unit sales of iPhones in the same qtr @ $650/ave which includes subsidies paid by wireless carriers. We're all totally hooked on smartphones now , it was Apple's desktop computers and iPods that showed year-over-year unit sales decline.
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Old 01-19-2011, 06:23 PM #9
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The market is looking pretty tired today and overall. The reward:risk for going long now just ain't there. I think a correction is right around the corner. I really don't see any decent entries available and leading stocks are extended from breakout's or recent consolidations.

Me I mess with options...crazy mans territory...LOL!

I finally got an i4 phone, love it, but didn't bite on a iPad and wanted to wait for at least their second generation pad as I waited on the phone. I'm gonna look at the Motorola Xoom. I don't have or need a laptop so the tablet might fill a void for me when traveling. As for AAPL stock...wouldn't touch it right now.
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Old 01-19-2011, 07:31 PM #10
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Stocks in U.S. Are Within a Week of `Significant Market Top,' DeMark Says Bloomberg
Quote:
U.S. stocks are within a week of “a significant market top” that is likely to precede a drop of at least 11 percent in the Standard & Poor’s 500 Index, said Tom DeMark, creator of a set of market-timing indicators.

DeMark’s Sequential and Combo indicators, designed to identify market tops and bottoms, are giving a sell signal on the main U.S. stock benchmark for the first time since mid-2007, he said in a telephone interview. The S&P 500 began its 57 percent plunge from a record in October 2007.

“I’m pretty confident that in one to two weeks, the market will be in a descent,” said DeMark, founder and chief executive officer of Market Studies LLC. “It could be pretty sharp.”
The fact that it's getting overbought and due for a correction seems to be the consensus. I don't know though. As long as the FED is pumping liquidity into the market I think it may continue to meltup. The big event this year, IMO, will be mid year (June I think it is) when QE2 ends. I reckon we'll see some volatility as we approach that point and assurance from the FED that QE3 will be put into place until we are in a sustainable recovery. Which isn't coming until they stop printing money and let natural market forces run their course. That's another issue though.

I think it's going to keep going up until people loose faith in our fiscal and monetary policy. Maybe a slight correction here and there until it rolls off the cliff.
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