Mikey's Corner Part Duo

I will begin the new thread with a tasty new short. It is a stock that our buddy Jim Cramer really likes. Panera Bread symbol PNRA

For the record PNRA is at 52.06

Notice the insider sales on PNRA ...the rats are leaving the ship

Mikey with the QID   how long and at what price are you looking to sell?     thanks

Mikey   awhile ago you said buy SDD  is that double short nasdaq

 

isnt it similar to QID..would you want to be in both ?  thanks I dont want to be a pain, just learning, before I started reading following you alittle "the old host " was my advisor.  he knows his stuff but you seem to have a handle on the games they play.

SDD a broader index QID just 100 glamor stocks. QID is the opposite of QQQQ. As such it is easier to manipulate. SDD more volitile wilder ride. Remember this is a position trade DONT START THIS ONE HEAVY START SMALL AND ADD ON IF IT DROPS. The idea is to wait for the final outcome here not a quick short term trade

thanks Mikey  one more question,, reguards to shorting PNRA  I understand from "old host" that when you short you can get stuck for more than your investment?  unlike the "ETF's that are shorts

 

 

By the way  I AM NOT A FINANCIAL ADVISOR (whatever that means) I am sharing my 30 years of trading knowledge with you . These are real time trades I am doing for my account. You should not do something just because I do it. MAKE YOUR OWN DECISIONS. 

    I hope by sharing some of my knowledge you will gain some insights and we can have some fun exposing these crooks for what they are.

Shorting a stock is not something a novice wants to do. I would say the ETF'S are the way to go. By the way any trade you enter into will challenge you. It is your ability to handle this challenge that will determine your success. I can be right every time and you can still lose.

      The stock market is Alice in wonderland it will rarely make sense. One day you think you know what is happening and the next you think you are an idiot. Rarely are you confortable and thatn is the way the insiders make it.

      If you follow what I say at some point you will get very upset. That is the nature of the beast. Don't enter into any trade lightly and never risk anything that will make you lose sleep.

Thanks when I called "Old Host" my advisor I was joking with him ( i know he will read it ) we are friends from brooklyn for 35 years , I always make my own decisions and I never blame anyone for any of them with anything I do in life,.

    I think you know your stuff and I am trying to learn , I dont play with scared money but I dont play small ,I like some of your short tearm moves ,they satisfies the gambler in me !   BUT I DO appreciate any help that you take your time to answer my questions so again thank you for your patience.

example I bought 400 shares of DIG @ 87  I dont know if this would be a big play or small play for you, but its a big position here. I look at it that unlike in the past when I bet sports big if I lost I would lose the entire bet plus juice, here if I lose I dont lose everything,   lose 20% like having an 80% sheet  lol and no red

I am not buying DIG at these prices. I am in at 78 looking to sell when the opportunity presents itself. I am bearish on oil this is just a very small counter trade I am doing. I would prefer to be in the DUG longer term but think near term they want to shake out the oil bears now. If I can buy the DUG at 31.5 I will sell my DIG and start positioning the DUG. OK ? Hope I am being clear on this.

yes thanks

Durable-goods orders, which are items such as cars and appliances meant to last three years or more, rose a surprising 1.3 percent in July amid strong aircraft sales. However, when you strip out the volatile transportation category, orders rose 0.7 percent, when analysts had expected a drop of 0.5 percent. Nondefense capital goods orders excluding aircraft, seen as a barometer of business spending, jumped 2.6 percent, the sharpest gain since April. That category was expected to drop 0.1 precent.

Steve (The Weasel) Leisman comments that by now you would have expected the credit cruch to have produced a weak economy but hey look at durable goods strength.

Well MR Weasel Its comming you lying sack of Cramer.  They just try to frustrate you into giving up on something you know is happening. THE TRUTH ALWAYS COMES OUT. They just keep lying until they can't lie anymore.

Fannie Mae's capital and reserves positions are better than market expectations, according to an analyst at Lehman Brothers, who also said the biggest U.S. mortgage finance company may not need any more externally raised capital.

On Wednesday, Merrill Lynch had said it was premature to consider a recapitalization sponsored by the U.S Treasury for Fannie Mae cnbc_comboQuoteMove('popup_FNM_ID0ERG15839609'); [FNM  7.02    0.54  (+8.33%)   ] cnbc_quoteComponent_init_getData("FNM","WSODQ_COMPONENT_FNM_ID0ERG15839609","WSODQ","true","ID0ERG15839609","off","false"); and its sibling agency Freddie Mac cnbc_comboQuoteMove('popup_FRE_ID0ESDAC15839609'); [FRE  5.27    0.52  (+10.95%)   ] cnbc_quoteComponent_init_getData("FRE","WSODQ_COMPONENT_FRE_ID0ESDAC15839609","WSODQ","true","ID0ESDAC15839609","off","false"); , as capital depletion would not likely occur for several quarters.

Leman Brothers .and Merrill Lynch..you mean the ones that lost all that money and trashed their business? There are a names you can trust. Hey Merrill how about those ARPs that you put your customers in. Leman and Merrill two of the best scammers in town

Gee on Aug 21 ..last Thursday it was going under and now a week later its going to be OK .. Things change in a hurry don't they. Oh I forgot the insiders LEH buddies bot a whole low of FNM stock when that bad news hit. But that does not change the long term problem. It will get the traders to cover and go long though.

The short term market is a game of liars poker and getting whipsaawed is what they do best to traders. Last week the newson this stock and the price confirmed each others...bad. Now they have to work it off. That is the nature of the beast.

 

.Stocks advanced Thursday after second-quarter GDP was revised to show growth was more robust than first thought and oil receded to around $118 a barrel. 

Second-quarter GDP was revised to show 3.3 percent growth, up from the prior estimate of 1.9 percent. Economists had expected to see 2.7 percent growth. The third and final reading will come next month. Wow!!" Robert Brusca, of Fact and Opinion Economics, said of the trade contribution. That's "a huge number," he said. "Without trade, U.S. GDP would have limped ahead by 0.2 percent."

Still, GDP is growing by 2.2 percent year-over-year, Brusca points out — "too fast for a recession."

The U.S., Europe and Japan planned a joint intervention to rescue the dollar when it was plunging in March when Bear Stearns collapsed, the Nikkei business newspaper reported. The paper did not say whether a certain level for the dollar was envisaged.

Today

The dollar hit an intraday high against the euro after oil began to tumble. Earlier, the U.S. currency had come under pressure as European Central Bank officials indicated inflation worries persist in the euro zone. ...Get it? Nice profit on that dollar trade heh!

The point of the last 2 posts is that the insiders use disasters to take a long position and 3 months laster tad dah their stuges LEH MER etc change their dire forecasts and hey they all make money. Remember how bad the news was in the dollar just a month ago Well the central banks were buying lots of dollars then. ....You deficit is working for you. That is just what happened to FNM and FRE

What is very interesting about the GDP is that it is pumped up by trade. Last time I looked the Chinese market is DOWN 60% FROM ITS HIGH. I am going to go out on a limb and say that the trade drys up and the GDP goes negative. That is down the road but it is comming. But for the near term happy days are here again and the Bears are getting spanked. Naughty Bears see everything is OK

I still hope we can see the market rally over 12000 and I can start to position the DXD. I  start small at 58 and add on if it declines.

This is a positon trade not a short term trade.

Position trades take time and usually are in the hole sometimes for ,months. The lower it goes the bigger the position

Stepping to the sidelines on OIL SELLING DIG AT 87 +9

Selling DGP 18 +1.76