tag:blogger.com,1999:blog-11789233.post3511742002587411247..comments2023-11-02T03:53:15.874-07:00Comments on The Slope of Hope.....with Tim Knight: Thank You, Commodities!Tim Knighthttp://www.blogger.com/profile/02142044637710306701noreply@blogger.comBlogger102125tag:blogger.com,1999:blog-11789233.post-51946803897973440142006-09-12T20:45:00.000-07:002006-09-12T20:45:00.000-07:00Tony
I dont need the markets to drop to 10,800 or...Tony<br /><br />I dont need the markets to drop to 10,800 or 11,000, if the markets have a slight pull back of around 2-3% from where they closed today ill be fine. If they do fall about 2-3% ill sell some positions off and most likely sit in cash until the market finds a direction. Havent seen to much volatility like we did in July, however it could be back as early as tomorrow. Ill be happy to see a slight pullback tomorrow. If we rally then we rally, however im paying attention to friday. Friday could actually take the dow and s&p close to new highs for the year, thats if the economy shows little or no inflation at all. <br /><br />Trader 2006.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-26500805304729695762006-09-12T17:48:00.000-07:002006-09-12T17:48:00.000-07:00When we hit 12,000, let me know if you're still no...When we hit 12,000, let me know if you're still not worried.<br /><br />I guess if you can take the pain, and believe in a market collapse beyond the short term, then your strategy MIGHT pay off.<br /><br />But then again, it might not. How far are you willing to go against the grain? There are many, many powerful forces at work in the bulls' favor right now. Lots of big money that just does not want to see the markets collapse.<br /><br />For all I know, they may not be able to prevent it. But I would be willing to bet that they'll try like hell.<br /><br />Good luck out there. My luck has run out a few times, so I'm standing aside for the time being.<br /><br />-TonyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-45485276980723942062006-09-12T17:34:00.000-07:002006-09-12T17:34:00.000-07:00Tony, Im going to say it again. Im not worried. ...Tony, Im going to say it again. Im not worried. Just like every bear was calling for 10,000-10,500, it never happened. I was actually long many stocks around DOW 10750-11,000 but I closed most of them out and went short around DOW 11250. <br /><br />Trader 2006.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-52726147626990318662006-09-12T15:56:00.000-07:002006-09-12T15:56:00.000-07:00BTW, institutional selling has actually been incre...BTW, institutional selling has actually been increasing lately. Unfortunately for the bears, the BUYING has also been increasing, actually at a faster rate.<br /><br />Clearly, nobody is concerned about the outlook of the stock market right now. I would imagine the VIX has dropped back to the 12 range, but I haven't checked.<br /><br />(Ok, I just checked, it's actually BELOW 12.)<br /><br />-TonyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-82375708803885203152006-09-12T15:02:00.000-07:002006-09-12T15:02:00.000-07:00You can pick up nickles without getting hit by the...You can pick up nickles without getting hit by the train. You may never get direction.<br />You can't make the market do what you want it to do.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-3203927526272385722006-09-12T14:04:00.000-07:002006-09-12T14:04:00.000-07:00Woo woo!!
The "gain train" is back in action. Al...Woo woo!!<br /><br />The "gain train" is back in action. All major indices way up today. Hilarious.<br /><br />Way too funny. I said it before, it's 1995 all over again. I'm not even gonna TRY to guess where we go from here. But my initial impression is that it's "up".<br /><br />Trader 2006: You keep saying "I'm not worried." Well, in my opinion, you SHOULD be worried if you're still short. Unless you've picked the exact sectors that are weak right now (even I'm not sure which ones those are, besides commodities), you've got to be deep in the red. I lost my bearish disposition quite a while ago and haven't been short on anything for weeks. Granted, I haven't really been long, either, but at least I'm admitting that the market is acting funny and I'm not going to touch it without seeing some clear direction. And the clearest direction I can see (the path of least resistance) is definitely UP.<br /><br />-TonyAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-64983557286089933152006-09-12T13:58:00.000-07:002006-09-12T13:58:00.000-07:00Okay,here's the deal. If you are still a "BEAR" he...Okay,here's the deal. If you are still a "BEAR" here,thats fine.But if we actually go all the way to 12,000 from here, and then pull back to 11,700 or so,AT NO TIME DO YOU GET TO SAY - "SEE ,I TOLD YOU SO". Because that means you just missed the 800 pt. rally we just had.When you're wrong,YOU'RE WRONG !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-75014011496697122472006-09-12T13:55:00.000-07:002006-09-12T13:55:00.000-07:00I don't know WHAT to think anymore. My head is lit...I don't know WHAT to think anymore. My head is literally spinning!<br /><br />really..<br /><br />A lot of these oil service stocks are growing earnings at 20%+/year and trading at p/e ratios well under 10. Example: PDC<br /><br />I guess that pesky energy shortage thing is all fixed now? No need to be drilling or exploring going forward? Did I miss the headline?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-55774690560383495662006-09-12T13:35:00.000-07:002006-09-12T13:35:00.000-07:00USO is down 8 DAYS IN A ROW....
11-Sep-06 60.18 6...USO is down 8 DAYS IN A ROW....<br /><br />11-Sep-06 60.18 60.85 59.62 60.03 1,593,200 60.03<br />8-Sep-06 62.04 62.12 60.83 60.90 1,368,800 60.90<br />7-Sep-06 62.33 62.41 61.53 61.89 956,300 61.89<br />6-Sep-06 62.68 63.39 62.17 62.20 1,007,600 62.20<br />5-Sep-06 63.37 63.55 62.86 63.31 740,600 63.31<br />1-Sep-06 64.75 64.80 63.54 63.75 591,600 63.75<br />31-Aug-06 64.30 64.81 63.83 64.80 721,600 64.80<br />30-Aug-06 64.33 64.85 63.20 64.85 1,133,000 64.85<br /><br /><br />Trader 2006Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-75201373791885250852006-09-12T13:32:00.000-07:002006-09-12T13:32:00.000-07:00I remember last time we started entering into mult...I remember last time we started entering into multi year highs on the indices, everyone was so positive then out of no where we got a HUGE decline, what makes this time any different, yes we may see new highs on the s&p and dow but it wont last. There is no catalyst to keep this momentum going. Oil could be the excuse for now but who knows where that heads in 3 months. <br /><br />They will buy up this market up as much as they can but when its ready for the sell-off it will longer and worse than the one in June and July. <br /><br />Back in June and July everyone was calling 10,000 here 10500 there. It never happened, we bounced and that was it. Now im hearing 1400 on the s&p, 12,000 on the dow, 12500 on the dow etc. With that being said we may touch the 12,000 level but it wont last. <br /><br />Trader 2006.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-19830626316611534732006-09-12T13:20:00.000-07:002006-09-12T13:20:00.000-07:00interest rates back to 0, is that the only way to ...interest rates back to 0, is that the only way to keep this economy rolling.<br /><br />Trader 2006Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-2162195291443533092006-09-12T12:55:00.000-07:002006-09-12T12:55:00.000-07:00eddiefl - wise words indeed - your real estate com...eddiefl - wise words indeed - your real estate comments (Ive also posted before saying your real estate wont collapse, because people reajust, they find a way to cope with the only real casualties being those that screwed up their finances anyway and those that speculated 100%) and your comments about me, you and everyone else - these are indeed wise words and othersd would do well to heed them. Im touched by your comment, food for thought indeed!!downosedivehttps://www.blogger.com/profile/10330098599116167405noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-25715637822053936882006-09-12T12:52:00.000-07:002006-09-12T12:52:00.000-07:00Ther is one blogsite that has been predicting exac...Ther is one blogsite that has been predicting exactly what we are seeing for the last 3 months and predicts 1400 on the S&P for the end of the year. Thats at least 800 DJIA points.If you want to check it out just for fun and comparison,the site is:<br />WWW.CARLFUTIA.BLOGSPOT.COMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-49319470549737316752006-09-12T12:41:00.000-07:002006-09-12T12:41:00.000-07:00ok so you are back with your iDildo.
What say you...ok so you are back with your iDildo.<br /><br />What say you? why don't buy some AAPL here, some analist will upgrade it tomorrow, why not buy it today?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-2162362141066098232006-09-12T12:29:00.000-07:002006-09-12T12:29:00.000-07:00Check out BBY trading. It gaped down near $2 to b...Check out BBY trading. It gaped down near $2 to bait in the shorts, then it just reversed right away and had not look back for $6.... who would want to be shor in this market?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-25602543828684838422006-09-12T12:17:00.000-07:002006-09-12T12:17:00.000-07:00Well the 40 pt.pullback yesterday morning turned o...Well the 40 pt.pullback yesterday morning turned out to be like bait on the order of a nice juicy steak with a cerrated blade hidden inside.Bears went for it hook,line & sinker.Did anyone's charts or analysis tell them that this was going to happen today.Apparently not.With all the magnificent possibilities to make money out there,What is with all the talk of trying to scalp a couple of pennies profit on Apple puts?I just looked at a 52week chart of APPL and this looks like more of an area of support than a point from which it would sell off.Lets face it fellow bears,unless this market sells off a minimum of 200 pts back to 11,300 by Fri,or lets say by Wed. of next week,we've been slaughtered and burned at the stake.<br /><br />Cheers MatesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-41167554965300798812006-09-12T12:12:00.000-07:002006-09-12T12:12:00.000-07:00I wasn't foolish enough to sit back i rode the bul...I wasn't foolish enough to sit back i rode the bull folks, I fliped and entered spreads and flipped the CME into a call and many other for a huge profitable day.<br />I'm ready to exit near 3:55 and go to dinner. <br />I don't freeze in the headlights<br />I hide in the bush and smacked'em right upside the head.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-8867464963967799642006-09-12T12:07:00.000-07:002006-09-12T12:07:00.000-07:00sanjay, what are u shorting?sanjay, what are u shorting?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-23841512532163138372006-09-12T12:05:00.000-07:002006-09-12T12:05:00.000-07:00eddiefl - your comments about a shift from real es...eddiefl - your comments about a shift from real estate to shares, well well being playing a part in this rally. Money will chase money and right now the market is the hottest up action going on. The trouble is with joining in, it could just as well reverse if the speculators feel the uptrend is at its top. As to trading small, well yes of course you are right. But hindsight is a wonderful thing. I chased the shorts because thats what I believed. Im afraid when it comes to indices Tim has been just as confused and misguided as the rest of us, Ive yet to find a guru who gets it right - a major uptrend has been missed by all the bears. Your prediction of sideways to up for the rest of the year could well be right. Statistically a rise in the Dow at year end is only s 15% chance - well heck, it looks like that may well happen. Jeeze Im just shaking my head in disbeliefdownosedivehttps://www.blogger.com/profile/10330098599116167405noreply@blogger.comtag:blogger.com,1999:blog-11789233.post-80780893722540147372006-09-12T11:58:00.000-07:002006-09-12T11:58:00.000-07:00i'm sorry.....wthf is going on with aapl.....shot ...i'm sorry.....wthf is going on with aapl.....shot up $1.5 from the low....did they introduce another product?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-5541520001411973462006-09-12T11:56:00.000-07:002006-09-12T11:56:00.000-07:00CSCO knocking on 22.50
go CSCO!!!CSCO knocking on 22.50 <br /><br />go CSCO!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-68181223101827529092006-09-12T11:54:00.000-07:002006-09-12T11:54:00.000-07:00if QQQQ is a buy when commodities break down, what...if QQQQ is a buy when commodities break down, what made them a buy in MAR, APR when they were hitting all time highs?<br /><br />Confused as a MF.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-23816657152881666772006-09-12T11:50:00.000-07:002006-09-12T11:50:00.000-07:00pb I want to short here as well but im waiting for...pb I want to short here as well but im waiting for fri.<br /><br />Trader 2006.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-8989513684812242552006-09-12T11:46:00.000-07:002006-09-12T11:46:00.000-07:00This is really Pathetic. Markets RALLLY FOR WHAT R...This is really Pathetic. Markets RALLLY FOR WHAT REASON. Im not worried because when we get the 2-3 day 200 point selloff you will wish you short these levels. Friday will be interesting. Either we rally or fall hard 1% or more. <br /><br />I hope we get data showing the highest inflation in a decade so this dow can drop back to where it belongs. Well under 11k.<br /><br />Trader 2006.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11789233.post-88022789674825705682006-09-12T11:39:00.000-07:002006-09-12T11:39:00.000-07:00Man, this post sure has turned into a war zone! He...Man, this post sure has turned into a war zone! Hezbollah would be proud!<br /><br />Anyways, must be near a real top, as all the BEARZ are freakin' out!Anonymousnoreply@blogger.com