Morning! Futures are green but not by much. Hope everyone makes lots of money today but remember, CASH IS KING!
Good Luck!
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Morning! Futures are green but not by much. Hope everyone makes lots of money today but remember, CASH IS KING!
Good Luck!
Been trimming holdings last few days, half cash now. Ready to pounce on opportunity.
I really hope we get a pullback, I think this market has overrun. I know there have been some promising numbers but, I'm not buying it. Our economy does not justify these levels.
Charles, haven't you read the news about the FED printing $83Bil/mo and pumping it into Wallstreet to give the artificial impression that the economy is doing well? As long as they continue that deathly process, I suppose we should just continue to go along for the ride........... and then be ready to seek safe shelter once the printing presses shut down.Quote:
Originally Posted by SiriusBuzz
I hear ya, I dont want to miss the ride but I have a hard time investing in numbers I dont believe in. I hate getting caught with my pants down.
BTW, jobless claim numbers are BS, there reason the dropped off is because unemployment benefits have expired for a lot of people. There arent less people looking for work, they are just no longer reporting as looking for work.
Morning All!
Bass...looks like we got that 3.11 print. Hope to see a test of 3.14 next later today.
If we hit 3.15, Im all out!
Today is the last day to play http://siriusbuzz.com/forum/showthre...ing-SIRI-Price
Hard to be in or out right now.....
http://www.youtube.com/watch?v=l-O5IHVhWj0
But I am still LONGDUCKDONGINSIRI
Depends; if it is a sudden surge which carries it up to and over 3.15, I'm thinking maybe a trailing stop above there might make sense. For example, if it should hit 3.18, then set a 2 cent trailing stop.... if it reaches 3.20, move the stop to 3 cents, etc..... May sound hoaky, but if 3.15 is your target exit point, might as well try to squeeze out another penny or two.Quote:
Originally Posted by SiriusBuzz
Speaking of trailing stops, I just noticed the broader markets are beginning to soften, and all of my holdings now are off of their daily highs. I wonder if we might be sensing some pessimism as to how the Sequestration issue will affect the markets. I'm thinking of taking a closer look to decide if I need to take some defensive actions.
EDIT: PS. but isn't it strange that "Sequestration" news is not on the front page today?
I totally agree and I will throw in a trailing stop if I see it coming but, as a back up, I have a hard out at 3.15 which I am comfortable with. The problem is... I cant watch the ticker all day -- I wish!
So off topic but a stock (MTG) i have been watching and playing a little bit makes zero sense to me. So the quarterly report came out and was pretty horrific if you ask me going by this
http://www.jsonline.com/business/mgi...193835741.html
the stock closed at $2.80 yesterday. earnings this morning. I watched the pre-market price and saw it hit $2.17 and was basically up and down in PM. I expected similar downside during regular hours but the sucker is up. I cancelled a buy I had in yesterday at $2.54 and thought I was a genius looking at pre-market.
I don't understand how anybody who read the above would want this stock. I have a lot to learn on how to play this game.
I kept thinking of putting my order back in in the 2.50's thought better of it. wish i did cause every time i looked at it, it was up .10 more cents. was about to at $2.96 and said forget it. thank goodness as it is dropping now.
Glta, but I cant see being out of Siri at this time. Buffets rule is buy when everyone's scared. I loaded up on that first dip to 3.02.
My accoutant mentioned some thing about Buffett forecasting a recession. I haven't seen anything. Others?
I agree with "buy the fear". I just don't think we've seen the scary stuff yet and I want to be prepared to "buy" the fear by having plenty of cash to do just that. I don't wish anyone bad trading but I don't feel like this economy is about to take off and justify continued historic highs.Quote:
Originally Posted by Redcloud
^ this ^
Does anybody think that the big thing to come with Buick is telematics at the end of this year. From what Mell was alluding to?
Do you see what I see? Interested in your opinions. Refer to Stikky Charts pp 136-137.
Hopefully I can figure out how to paste in an image....still learning.
Attachment 896
Nice find, Spoons, and yes you did fine on the attachment. That is pretty scary in my opinion.......... For those not in touch withQuote:
Originally Posted by Spoons
"Stikky Stock Charts", what Spoons is pointing out is called "broadening trend lines" which signal total disagreement between buyers and sellers. Furthermore, "if it ocurs after an uptrend, the most likely next move is down".............. Exactly what we have here is this broadening pattern following an up trend.............Uh Oh.
removed 3.15 sell... watching like a hawk