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Posted: #101
VLO 33.54 is bumming me out should have rallied by now Bot at 34.40 pulling the plug for a loss of .86 ..bad idea
 
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Posted: #102
Koaj,

Is that the Walmart Walton?

Anyone who had them pre-IPO can retire with that 15 bagger or better.


 
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Posted: #103
With respect to FSLR.... At some point in the future you are going to react to a move ...If you can say I'm glad I didn;'t short that then wait a week and short.
 
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Posted: #104
FSLR needed to be shorted on Friday, most of the move lower was done premarket so it would not have mattered if I did short it this morning.

I just wish I had noticed the solar run up sooner than Friday night.
 
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Posted: #105
My position on the market ..short term...clueless..I want to get short but not here. I am short the Choo choos (NSC CSX ), CMI WFC BAC COF, for the long term. I am trying to short DKS at 23. I have a small long side trade on the DIG and DGP trading for the counter trend bounces. I am mainly in cash and am waiting for boys to tip their hand. Its a waiting game in here for now but something will pop up.
 
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Posted: #106
The difficultiy in trading the market is that just when something makes sense and the price seems to validate it the price reverses and news that counters what you know comes out. That is why trading will beat most traders. The price moves will only go so far in one direction regardless of the reality.
       The long term trend represents by the tilt of the 200 day average is the direction that you want to trade.  You would be best served if you waited for a move that is counter trend to that average to put on a position.
      In the economic condition we are in now cheap will only produce a short term bounce. When the stock is substancially oversold then you usually get a 3 month rally or consolidation.
This will defeat most option trades. That is why I am against trading options.
     There will be times when stocks or the market will get oversold and good news will surface use those times to establish your short positions. Remember in the long run the truth comes out. The short term market is a game of liars poker.
 
 
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Posted: #107
Mikey it might be time to start a Mikey's Corner 2 thread, this is getting a bit long.
 
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Posted: #108
Mikey, are you thinking oil goes back up again to $140 level?

Or are you just playing the trends in DIG/DUG?

If its the first would DXO be a better play?
 
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Posted: #109
Jax I am thinking 130 ..a quicky bounce I am long term very bearish on oil but think it needs a bounce to get the bears off.
I was unaware of the DXO looks interesting. Do you have the double short oil for this?
 
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Posted: #110
I see it now. Its the DTO thanks for bringing this to my attention this to my attention.
 
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Posted: #111
DXO = double short oil
SZO = Short oil
DTO = Double long oil
OLO = Long oil
 
 
 
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Posted: #112
Strike that last POST ..Should be..
DXO = Double long oil
OLO = Long oil
DTO = Double short oil
SZO = Short oil
 
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Posted: #113
I just found it today myself.  The only thing that worries me is the lack of volume, the daily avg shares traded for DXO is just under 100K.  Although it looks like a few other people have found out about it today since volume is over 100K today already.

It looks like it started trading right around the peak of the oil spike, so hard to tell where it may go from here.
 
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Posted: #114
I guess UNG might be another less direct way to play an upswing in oil.  I think it also factors in nat gas, gasoline and heating oil prices in addition to crude.

Might be a decent trade for this week with a possible hurricane heading towards the gulf platforms.
 
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Posted: #115
Buying QID 42.10
 
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Posted: #116
Mikey, with the QID     How long do you think you will hold, and what price would you look to sell?   
 
do  you buy this with a time in mind or with a price to sell?
 
 thanks  
 
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Posted: #117
QID is more of a position not a trade. I expect to hold this one until it gets the job done. If they give me 60 I'll take it but time is not the real issue here. I think 60 is doable by next summer. The reason for the trade is that before it is all over the insiders will have to tell the truth about the economy. The tech stocks do a good job of conveying that message. At the end of the cycle the Techs collapse. THIS IS NOT A SHORT TERM TRADE.
 
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Posted: #118
Mikey
Hows the chart of WNR look to you, I see its been on the move. They have refineries, serve most of pheonix, NM. very little exposure in the gulf.
Thanks
 
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Posted: #119
Quote Originally Posted by jaxwhitey:

I guess UNG might be another less direct way to play an upswing in oil.  I think it also factors in nat gas, gasoline and heating oil prices in addition to crude.

Might be a decent trade for this week with a possible hurricane heading towards the gulf platforms.


They are beating this thing senseless today.  First a higher build of Nat Gas than was expected this week and then the drop in oil.

Down over 9% today with a possible hurricane on the way.  I really wanted to get into this, thankfully I convinced myself to wait until after the nat gas figures came out this morning, still looking for a possible entry point.
 
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Posted: #120
Im thinking of a short term trade, Going to look at DXO, The low volume is a concern, maybe Im better of with DIG. Tuesday we should know about any Gustav damage. The media loves to push this to the headlines. Even if it's a miss.
Mikey I got out of my DGP on Thursday, Spot seems to hit 840 overnight in Hong Kong only to pull back to 830 in NY.
Any thoughts as to why?
 
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Posted: #121
The asians/indians love gold.  It's been that way for as long as I've watched the GLD.  When I was short I'd get so pissed that all the work done during the day would then get wiped out during the overnight.
 
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Posted: #122
mikey just realized that this thread existed. i have been pitching APWR. trades on nasdaq what do you think. i have a pretty large postion. also HRBN. penny for you thoughts.
 
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Posted: #123

Mikey,

 

Take a look at SBNY. Something is  stirring . .  

 
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Posted: #124
Mikey  I have a position in both DAL and LEH  do you think either  goes much higher ,   would you hold or sell either ?
 
 
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Posted: #125
Sold DAL have stop on LEH at 14
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