April '09 Stock Trading (Gambling)

I think that what you saw today is a harbinger for most of this month.

 

If the morning starts off nasty and gloomy and full of pessimism (like today), I think it is wiser to look to add to longs than add to shorts.  BIG MONEY wants this market up "for now," and unless you have inside info, fighting that syndicate is going to get you killed 99% of the time.

 

And if the morning starts off with cheerleading and hype and hoopla------probably best to look to take money off the table during the day than to add to longs.

 

Well, that's the best advice I can give.  Hope everyone is gambling well, being disciplined, and managing risk.

 

Cheers

did you see the move in LVS on their better than expected Macau revenue? close on it's haig @ 3.80 +0.79 on 57+ million shares. as a NYSE most active and percentage gainer.

 

"Da Rat" picks up a quick 8 dimes  

I think AA is first to report.  I look for them to whine on their call about how "challenging" business is "going forward."

 

That'll set the tone for the early week, casting a pall over the market, and the pundits will engineer a sharp sell-off------which, hate to say it, Vermeer, is a VERY SHORT TERM tradeable pull-back to get long for a trade only.

 

I trust nothing or no one in this sicko game, but the easy money to be made is buying pullbacks now and selling hype/hoopla.

 

Will it last?  Hell farking no it won't last, cause the whole world is nothing but a pack of lies, but lies can last for years in bear market rallies.  No sense in trying to fight it.

Yep, Koaj, all about "bread and circuses" on this late, great, planet earth.

 

Lead the sheep to slaughter, oh yes, but calm their nerves on the way to their death sentences with soothing lies that "it's all going to be allright."

 

This whole thing is nothing but lies and manipulation------as gamblers, we got to just agree with the winning side, no matter how irrational and invalid their arguments are.

 

And if there's anyone currently like putting money in IRA/401K/stock purchase plan/long haul investments------do me a favor and at least tell me where you are getting your drugs.

 

Thanks in advance.

Trader's market, Depeche.  Not much of a future "going forward."

Ahhh Claycourt, still see that you're stocking up on canned food and guns.  Amazing how SKF/SRS set new lows recently...don't trust these ultra ETFs I guess.  Market looks like it will trade sideways for some time.  Energy stocks look attractive. 

Good----not a problem with "agreeing to disagree."

 

Many people in here laughed at me last Jan '08 (documented) for liquidating all "long haul investments," paying the taxes and penalties.......

 

Not so funny now, is it?

 

And the worst is yet to come, ie hyperinflation.  By EOY '14, maybe '15, you'll see Dow 20,000ish--------factor in the hideous inflation coming due to piss poor planning/management of this latest "Great Recession," and you may as well have Dow 8,000-----which is about where it is now.

 

So go ahead, guys......."be positive," invest in "hope and change."  Worship your almighty "market."  And see your dollar spin wheels.

 

We'll see that I am right in about 6 years.

 

And oh yeah, unless you are drawing it now, you can kiss social security buh-bye.

 

Think Madoff was a ponzi scheme?  Social security debacle will make Bernie look like Mary Poppins.

Nah, Depeche, I don't know much about ENER.

 

Yeah, man, in the interim, there is always a trading opportunity in something, but the future, to me, looks abysmal.

 

The only thing I can find positive on the future is that so many are so negative now---that's it.

 

There is not one thing fundamentally sound about the global financial system-----and there is no light at the end of the tunnel whatsoever.

 

Talk about "ridiculous," man, these ridiculous bailout packages bought time.

 

And when you rob Peter to pay Paul, you'll always be able to count on the support of Paul.

 

that "light at the end of the tunnel" could very well be a speeding train coming right at ya. this is STILL a dangerous market subject to another panic. just look at the action in the gamers the last few days. they are tradable BUT there all over the place. I'm just happy to get "out of the trap" in BYD with a small profit with the Wells Fargo news raising the overall market and probable short covering. it went back to $6 today BUT could have just as easy gone back below $4.

 

only thing I'm holding right now is 5K of LVS and I'm watching that like a hawk.

Depeche-

 

150% inflation over the next 5-6 years is my prediction.......Dow is like 8,000.  A 150% move in Dow puts it at 20,000.

 

Yeah, we spin our wheels for next 5-6 years.  Inflation will negate everything.

 

Personally, would rather trade and do the in/out thing for next 5-6 years than commit to all the traps inherent in 401s and IRAs.

 

We'll see.

 

 

Rat-

 

Agreed......any one bad thing can/could/will/would derail this latest bear market rally and crap all over everyone's current parade.

 

The Mid East has been quiet for about 2 months now-----that won't last.

 

N Korea is a wild card.

 

Plenty of people out of jobs.

 

You are smart to be down to 5,000 shares of LVS---watching it like a hawk.

 

Like anyone, I have done great long trading this market since March-----and about 30 minutes ago, I closed every single position going in to Easter weekend and am 100% cash.

 

Don't feel like waking up Easter Monday morning and seeing blood red all over the place after the sheet hits the fan in the Gaza strip the next 3 days----don't need to hassle or aggravation.

 

Cheers