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Quote Originally Posted by gfinger: gfinger... I never advised anyone to short Ford. All I said was that I was shorting Ford. I'm short at $11.81 so I'm in the black. Ford will be sub $10.00 a share shortly. there are a ton of gaps below this price. I will agree they are in a good position with the things you mention and I respect the fact that they didn't take bailout money.
Both the Dow and S&P finish up this year. I will take the action on this. I've got a great pulse on some of the most influential PM's around and all their indicators are buys right now. For example if boys at AllianceBernstein, Dodge & Cox, and Wellington are loading up right now, u'd best be buying. And whoever said to short Ford is out of their mind. Alliance just tacked on 80mm shares in Q4, not to mention at least another 14mm already this quarter. Coupled with this Toyota gaffe, their Q1 '10 earnings are going to crush. What makes you think Ford would fall from these levels? |
tigers56 | 46 |
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Quote Originally Posted by tigers56: S&P hit my target Friday with an intraday high of 1112. I expect the selling to resume next week. Wave three dead ahead.
sasquatches1, good to see you are on the right side of the trade. Good money made this week. Alot of distribution. I thought we might bounce a little last week but didn't happen. We are ST oversold so wouldn't be surprised to see some upside retacement. $INDU is setting on support. Gap at 1069 on the S&P could get closed Monday A.M. before we go higher. I'm looking for the S&P to possibly retrace to 1110-1120 area before the selling continues. May add some additional shorts if that area is hit. |
tigers56 | 46 |
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Quote Originally Posted by tigers56: S&P hit my target Friday with an intraday high of 1112. I expect the selling to resume next week. Wave three dead ahead.
sasquatches1, good to see you are on the right side of the trade. Good money made this week. Alot of distribution. I thought we might bounce a little last week but didn't happen. We are ST oversold so wouldn't be surprised to see some upside retacement. $INDU is setting on support. Gap at 1069 on the S&P could get closed Monday A.M. before we go higher. I'm looking for the S&P to possibly retrace to 1110-1120 area before the selling continues. May add some additional shorts if that area is hit. |
tigers56 | 46 |
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Quote Originally Posted by tigers56: Today went all in with remaining dry powder..... SRS, FAZ, TZA and DXD. Gut wrenching these last five days. Good luck to all.
If it's not it will be shortly. To many negative divergencies on the charts. I will be begin to enter positions on the short side. Closed all my long in December. Left a little money on the table these past four weeks. |
tigers56 | 46 |
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Quote Originally Posted by Rush51: Rush, you must not be familiar with Elliot Wave if you think those numbers are not possible.
The Fed will not allow California to go belly-up, first of all.. Spanish default ? It's funny how we pay attention to the PIIGS (Portugal, Ireland, Italy, Greece, Spain) in a down market, and what the repercussions might be. Each has been discussed recently about their potential for default.. Somehow, the "bigger brothers" in the European region will have to step up. .. Germany, England, etc. An Israeli attack against Iran is almost imminent. When it does occur, it will easily take stock markets down a significant amount (10-15%) quickly, with much worse repercussion in the oil market. Dow 4800 is an insane number... let alone Dow 6600 (near market lows last March). To reach these levels again, we have to remember what put us there to begin with. Fear & Panic. There was a real fear & panic the Fed was going to completely overtake the Financial System of this country. Some might argue they are doing that now, but can you imagine if every share of these big Financial Firms had been wiped out... and Fed appointed CEOs (i.e. GM anyone) ? |
tigers56 | 46 |
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Quote Originally Posted by sasquatches1: Good call sas. Got down to 1044.50 to be exact before it bounced. Big money made Thursday. To bad it was at the cost of our economy and country.
S&P 1040 should provide support...200 day MA. I would not be at all surprised if this thing continues to tank (which I expect it too) that they limit or not allow short selling, like they did last year. |
tigers56 | 46 |
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Quote Originally Posted by sasquatches1: sasquatches1, good to see you are on the right side of the trade. Good money made this week. Alot of distribution. I thought we might bounce a little last week but didn't happen. We are ST oversold so wouldn't be surprised to see some upside retacement. $INDU is setting on support. Gap at 1069 on the S&P could get closed Monday A.M. before we go higher. I'm looking for the S&P to possibly retrace to 1110-1120 area before the selling continues. May add some additional shorts if that area is hit.
tigers56, sounds like we have a similar portfolio (minus the FAZ for me)...in SKF. |
tigers56 | 46 |
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Quote Originally Posted by tigers56: BINGO... I'll keep this short but will add later. I've been adding positions in FAZ, SRS, TZA, DXD. Also added shorts in GOOG and F. These positions have been added since the first of the year. I made a mistake in my previous post saying I closed all my longs. I still have 20% of my porfolio in DGP and GDX.
If it's not it will be shortly. To many negative divergencies on the charts. I will be begin to enter positions on the short side. Closed all my long in December. Left a little money on the table these past four weeks. I trade from a 80% technical view point and 20 % fundamental. A lot of technical damage was done today and the market is ST over sold, so wouldn't be surprised to see a bounce Monday. 18 out of the last 20 Mondays (if Monday was a holliday Tuesday would then be considered) have been positive. Why I am bearish. Higher taxes, inflation, interest rates and underemployment rate. The dollar is toast and bonds are going to get crushed. All opinions welcome. |
tigers56 | 46 |
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If it's not it will be shortly. To many negative divergencies on the charts. I will be begin to enter positions on the short side. Closed all my long in December. Left a little money on the table these past four weeks.
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tigers56 | 46 |
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Quote Originally Posted by MrBator: Mr Bator, good to hear that. Who do you like tonight?
Nice work, bushman9. I thought this thread deserved to be pushed to the top of Page 1 here on game day. I'm on the Bengalcats at -3 +125. |
bushman9 | 30 |
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Quote Originally Posted by tigers56: Damn should have waited till Friday. Oh well. So I'll take FAZ at 18.32. As stated in my original post... Low on last Monday. Already down several percent in just five days.
I'll take FAZ at it's lowest on Monday Jan 4th. FWIW, I also like TZA at yesterdays close at 8.85. Others I own GLD, DBA, and any other commodity trades. I think the market gets slammed this year. To many bulls.
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wallstreetcappers | 72 |
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Quote Originally Posted by pjrez: Here is a copy and paste of what pjrez is referring to.
He posted them at 7 this morning. He responded to a question in someones thread QUOTE
Originally Posted by Molsen:
Here's what I've bet so far:
New England +7 +105 & ML +280 over Houston Tampa Bay +2.5 & ML +120 over Atlanta Philadelphia +3 -110 & ML +145 over Dallas Kansas City +10.5 -110 over Denver |
tigers56 | 24 |
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Quote Originally Posted by pjrez: Good work pjrez. You are correct.
He posted them at 7 this morning. He responded to a question in someones thread |
tigers56 | 24 |
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Quote Originally Posted by realcapper37: I'm a MB stalker. He's about the only guy I follow. Been following him for years on covers.
How did you come across his picks? |
tigers56 | 24 |
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N.E. +7 & ML T.B. +2.5 & ML Phil. -3 & ML K.C. +10 MrBator is more times than not......BANK!!! This thread is guaranteed to light up. |
tigers56 | 24 |
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I'll take FAZ at it's lowest on Monday Jan 4th.
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wallstreetcappers | 72 |
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Pope for Seaton Hall goes 1-10 from the line. Hell why don't they offer me a scholarship. I coul;d go at least 2-10. If I was the coach I'd have Pope running stairs for two solid hours. SH goes 6-30 from 3 pt range for .200 percent. That's how you lose. |
UNCforever | 77 |
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Quote Originally Posted by ewillie169: KC last win was against Pitt. They had a two game winning steak after that game. Then San Diego knocked the shit out of them. So I think the swagger theory is not a factor. Cleveland swagger. Give me a break.
CLE +2: 'swagger theory' at work, off their win vs. Steelers last week. Score: Browns 18-Chiefs 12 (2 units). |
Covers | 24 |
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Quote Originally Posted by MrBator: Mr Bator, You have any action today. I posted your picks a couple weeks ago, but they took it down. Too many @$$holes. Hope all is well.
Banking on three big road favorites.
I can definetely see that teaser losing. I wouldn't be all that surprised if every leg of that teaser lost. |
y2ms1983 | 5 |
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3-0 with Colts cover, Jags dog outright winner, Dolphins dog, outright winner. Games pending...Giants, Chargers, Seahawks, and Cardinals big. Bator correct me if I'm wrong. |
tigers56 | 65 |
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