Daily Market Watch (Week of 8 June 09)

[bassmaster]

Good morning, Bass

Yes, it is a great day so far! Just get up? Did you play any poker last night?

yes just got up.. i was fishing until about 9 pm, then made a nice walleye dinner!!! and after was going throught ihub and studied the charts, no poker

i play poker from sunday through wednesdays.. thats the usual schedule for us grinders. the biggest tournaments are sundays and that is also my busiest day. but there are alot of live events which will keep me busy in the near future. im playing a few events at the borgata , then off to vegas for the world series main event.

[Stock Magician]

Watching the action,

I think we have quite a few more profit takers than I thought we would have... or course the weekend will cause that kind of thinking. At 700M shares trading a little surprising . . . but when you have a gap up... then pull back... many people panic and sell thinking the sky is falling . . . or trying to play the gap with a sell then buy back position.

In the long run that could be good to get more loose cannons shook out of the tree early on. I think we will see a gradual climb up now.

[billhart22]

Watching the action,

I think we have quite a few more profit takers than I thought we would have... or course the weekend will cause that kind of thinking. At 700M shares trading a little surprising . . . but when you have a gap up... then pull back... many people panic and sell thinking the sky is falling . . . or trying to play the gap with a sell then buy back position.

In the long run that could be good to get more loose cannons shook out of the tree early on. I think we will see a gradual climb up now.

There is enough selling pressure to keep this from spiking and becoming a pump and dump. It is looking really good right now. A good looking chart right at this time.

You are right about the psychological aspect. People are like sheep. Sheeples.

[billhart22]

yes just got up.. i was fishing until about 9 pm, then made a nice walleye dinner!!! and after was going throught ihub and studied the charts, no poker

i play poker from sunday through wednesdays.. thats the usual schedule for us grinders. the biggest tournaments are sundays and that is also my busiest day. but there are alot of live events which will keep me busy in the near future. im playing a few events at the borgata , then off to vegas for the world series main event.

I love walleye. Lucky you.

So the World Series of poker is a wild event. When will you be playing in that? I hope that you win! Then we can all have bragging rights, lol. "Ya....I trade stocks with the BassMaster."

I hope that you win the money. Those tournaments are grueling aren't they? I mean you are up for days, correct?

[Stock Magician]

Bill,

Yes, people are sheep and follow very well known psychological patterns. I bet our poker player (bassmaster) can attest to that when he plays the newbies. I think, like you said, with the high volume the stock will continue a slow climb up today...not the bull charge we were hoping for . . . those darn profit takers....

Have been keeping my eye on BEHL... volume is 10M . . . interesting with its slow assent. Wonder what is bringing interest to it?

[billhart22]

BEHL has had 60 trades this morning with a 4.7% spread of .0002 with a high of .0045 and a low of .0039 and volume of 11,915,000

It's currently at .0041

I just kind of keep it in the corner of my eye for now. I don't own any, but I know that a lot of people do. A while back it was around .002x. I know what the product does, and their marketing and so forth, but I by no means an expert with it, so I don't know.

[bassmaster]

ill be playing the main event which starts during the first week of july. it is a grueling event. thanks for the well wishes!!! last year i made it down to the top 150 players(out of 7k that entered). i busted on day 5 with a semi-decent cash of $42k. it was almost a relief when i busted.

alot of players not just newbies have tendencies that are easy to pick up on. betting patterns, range and frequency of hands that are played and emotional factor. the key to being a successful poker player imo is the ability to gather up as much information about your opponents and then using that info to extract as much equity from them / minimize your losses to those players. another key is to give off as little information about your hands and style of play. never show your hands when you dont have to. dont let other players know your range and give them the ability to put you on a hand (or at least you must disguise your hand well. ex.you dont want other players to know you have pocket aces because its the best hand and you want to get value for it)..

so yes people are easy to predict, or shall i say easy to say what they will do a higher percentage of the time.

[billhart22]

That takes a lot of practice, a natural ability to perceive people and then a lot of good common sense. I have watched a ton of those tournaments on T.V.. I really got interested in Texas Holdem and started playing on partypoker.com. I started out with $2000.00 play money that they give you and worked my way up to 12,000,000. I haven't been on there in quite a long time.

It is fun though, maybe this weekend I will play some. I was a complete addict there for a while, trying to win it all, lol.

I played in some tournaments on there and came in the top 140 once.

I have never played in a real money game though or with real people right across from me, so I have tons to learn if I want to be successful.

[billhart22]

The volume has sure tapered off, but the price is holding well and I hope that it starts moving up here pretty quick. All ready 900 million shares traded.

[bassmaster]

ya it takes alot of practice. ive played a few million hands in my life and good enough to show a profit.

ok , some info i got throught the ihub board is PR's are usually released on mondays. what do you guys think using that info, will there be alot of buying prior to the close today so people wont get left out in the cold monday morning in case there is a pr?