BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board
 
Post Reply
 
Thread Tools Search this Thread
      01-05-2012, 01:00 PM   #2487
Vanity
Private First Class
Vanity's Avatar
Canada
252
Rep
123
Posts

Drives: BMW E90 LCI
Join Date: Feb 2010
Location: BC, Canada

iTrader: (0)

1330-1340 Theory still viable. Markets seem to want to reach higher, even on down days. Financials rallied hard today cause of mortgage-backed resolutions, most of the other sectors are under-performing in comparison though.

I'm still expecting a crash/correction soon.
__________________
Appreciate 0
      01-09-2012, 11:13 AM   #2488
Vanity
Private First Class
Vanity's Avatar
Canada
252
Rep
123
Posts

Drives: BMW E90 LCI
Join Date: Feb 2010
Location: BC, Canada

iTrader: (0)

Week Highlights:

Wednesday (Likely bottom of the trading week):
- US Bond Auctions,
- German 2011 Real GDP release. Likely revision DOWNWARD from 3.6% to 3.0%. [1PM PT, 4PM ET]

Thursday:
- ECB Interest rate cut announcements. Not really expecting any further cuts from Draghi, which "could" see a rebound in Euro dollar sell-off. More "disguised QE's" from ECB though will devalue the Euro more. I.E, unlimited 3-year borrowing plans recently initiated by ECB. [4:45 am PT, 7:45am ET]
- US Retail Sales. Likely to rise a little bit. Crucial data to come from this, as Consumers + Industry is how we'll get back recovery (but, imho, both are a few years away from really being the backbone of this recovery). [5:30am PT, 8:30am ET]



Don't forget the Spanish and Italian bond auctions Thurs/Fri.


P.S. 1330-1340 targets are still viable. But keep in mind that many people are watching these levels and that the trading environment, by-and-large, is in cautious mode right now. I wouldn't say SPX 1290 is a bad exit-price, as we may peak there (unless there was a strong desire to push forward, but I dont see it yet). People are likely going to sell-off earlier than expected. I think the Jan 25th FOMC meeting isn't likely to result in QE3. Bernanke is a character "KNOWN" to "surprise" markets with fiscal policies (i.e, that day we saw the central banks unite in what resulted in a +500 point swing on the DOW). Dissapointment there. Plus, no EU fiscal resolution till March now. Window is wide open.
__________________
Appreciate 0
      01-10-2012, 08:57 AM   #2489
Vanity
Private First Class
Vanity's Avatar
Canada
252
Rep
123
Posts

Drives: BMW E90 LCI
Join Date: Feb 2010
Location: BC, Canada

iTrader: (0)

Very strong performance over in Europe. We have lots of carryover potential that could take us well over 1300 today.
__________________
Appreciate 0
      01-10-2012, 04:50 PM   #2490
mact3333
Captain
mact3333's Avatar
United_States
121
Rep
876
Posts

Drives: 16' YMB/Blk F82
Join Date: Mar 2011
Location: Portland Area

iTrader: (1)

Have been calling for long side for over 2 months...has chopped up for the most part...after this week, no longer going to be bullish...gonna put in major top soon...not many will expect it.

Im prob not going to post much anymore...you mofo's are on your own!.......GL in 2012.
Appreciate 0
      01-10-2012, 07:12 PM   #2491
Impervious
UNC FTW
Impervious's Avatar
Pakistan
27
Rep
741
Posts

Drives: Black Sapphire 135i
Join Date: Dec 2010
Location: NC

iTrader: (0)

So in 6 days I have to invest $1,000,000 in ETF's using Market Watch's simulator with a 20 minute delay. Just curious what you would do and how would you trade? Any tips on how to make big gains using the simulator? Any tricks or hints would be appreciated.
Appreciate 0
      01-10-2012, 07:26 PM   #2492
Epacy2
Major
Epacy2's Avatar
144
Rep
1,400
Posts

Drives: F85 X5M
Join Date: Jan 2009
Location: KC

iTrader: (1)

Garage List
2008 M3  [0.00]
2008 M3  [0.00]
CTESY, thing has been popping.
Appreciate 0
      01-11-2012, 04:35 AM   #2493
Vanity
Private First Class
Vanity's Avatar
Canada
252
Rep
123
Posts

Drives: BMW E90 LCI
Join Date: Feb 2010
Location: BC, Canada

iTrader: (0)

Quote:
Originally Posted by Impervious View Post
So in 6 days I have to invest $1,000,000 in ETF's using Market Watch's simulator with a 20 minute delay. Just curious what you would do and how would you trade? Any tips on how to make big gains using the simulator? Any tricks or hints would be appreciated.
Put it all into under-valued short ETFS like TZA and TVIX.
__________________
Appreciate 0
      01-11-2012, 08:19 AM   #2494
Impervious
UNC FTW
Impervious's Avatar
Pakistan
27
Rep
741
Posts

Drives: Black Sapphire 135i
Join Date: Dec 2010
Location: NC

iTrader: (0)

So the plan is to cash out at towards the end of April. Does this time frame change anything? Any thoughts on diversification?
Appreciate 0
      01-11-2012, 02:47 PM   #2495
Javi335
Troll but nice
Javi335's Avatar
Spain
164
Rep
341
Posts

Drives: 335i E92
Join Date: Nov 2009
Location: Returning videotapes

iTrader: (0)

I dont like what the BDI shows ...
__________________
There was me, that is Alex, and my three droogs, that is Pete, Georgie, and Dim, and we sat in the Korova Milkbar trying to make up our rassoodocks what to do with the evening. The Korova milkbar sold milk-plus, milk plus vellocet or synthemesc or drencrom, which is what we were drinking. This would sharpen you up and make you ready for a bit of the old ultra-violence.
Appreciate 0
      01-12-2012, 08:50 PM   #2496
Vanity
Private First Class
Vanity's Avatar
Canada
252
Rep
123
Posts

Drives: BMW E90 LCI
Join Date: Feb 2010
Location: BC, Canada

iTrader: (0)

Quote:
Originally Posted by mact3333 View Post
Have been calling for long side for over 2 months...has chopped up for the most part...after this week, no longer going to be bullish...gonna put in major top soon...not many will expect it.

Im prob not going to post much anymore...you mofo's are on your own!.......GL in 2012.
Thanks for all of your contributions Mact and for sharing with the community

Quote:
Originally Posted by Javi335 View Post
I dont like what the BDI shows ...
Go on...
__________________
Appreciate 0
      01-12-2012, 09:09 PM   #2497
txz4
Major
txz4's Avatar
59
Rep
1,097
Posts

Drives: 2006 M coupe
Join Date: Oct 2010
Location: san antonio, texas

iTrader: (3)

you will be missed mact.

im learning alot of things here, its great to compare my theories vs whats going on in yalls end.
Appreciate 0
      01-12-2012, 10:06 PM   #2498
johanness
Banned
56
Rep
1,739
Posts

Drives: 2008 Z4MC
Join Date: Aug 2010
Location: Seattle, Vancouver

iTrader: (3)

Garage List
Quote:
Originally Posted by Vanity View Post
Thanks for all of your contributions Mact and for sharing with the community
X 10

Hope u poke ur head in from time to time
Appreciate 0
      01-13-2012, 08:55 AM   #2499
Vanity
Private First Class
Vanity's Avatar
Canada
252
Rep
123
Posts

Drives: BMW E90 LCI
Join Date: Feb 2010
Location: BC, Canada

iTrader: (0)

It's a good day
__________________
Appreciate 0
      01-16-2012, 08:20 PM   #2500
Hisam135i
Major
Hisam135i's Avatar
United_States
54
Rep
1,166
Posts

Drives: 335i
Join Date: Dec 2010
Location: Irvine, CA

iTrader: (0)

Quote:
Originally Posted by Vanity
It's a good day
This should be a shaky week, with the eurozone being downgraded to AA+... Should be interesting to see how the market reacts tomorrow morning. Hopefully not going to be the same pattern that's been happening this month where it's a downward trend until midday then it picks up .. Either or, should be an interesting week
__________________
2008 Monaco Blue 335i | Terracotta | Premium | Auto | Comfort Access | Matte-black Grills | Carbon Fiber Splitters | 20% Tint | 1- point E9x Picture Game | Staggered 19' VMR V701 | Legal Disclaimer: My posts on this website cannot be held against me in any issues, such as warranty claims. |
Appreciate 0
      01-16-2012, 08:42 PM   #2501
prichards516
Lieutenant
prichards516's Avatar
No_Country
30
Rep
482
Posts

Drives: e92 M3 zcp
Join Date: Sep 2010
Location: Long Island, NY

iTrader: (2)

check out www.wrightinv.com , we do a lot of in depth fundamental and technical analysis surrounding foreign exhange, equities, rates, and commodities. Just another site to compare and contrast for my fellow car enthusiasts
Appreciate 0
      01-17-2012, 12:09 AM   #2502
Vanity
Private First Class
Vanity's Avatar
Canada
252
Rep
123
Posts

Drives: BMW E90 LCI
Join Date: Feb 2010
Location: BC, Canada

iTrader: (0)

Quote:
Originally Posted by Hisam135i View Post
This should be a shaky week, with the eurozone being downgraded to AA+... Should be interesting to see how the market reacts tomorrow morning. Hopefully not going to be the same pattern that's been happening this month where it's a downward trend until midday then it picks up .. Either or, should be an interesting week
Yeah, I hope none of those intraday-algo bots reverse course anymore. My investment was up +11% Friday morning but halved it's daily gains to +5% by the end of the day.

All-in-all, my opinion is that this market is on it's way down. I don't care for the analysts or market professionals declaring this a Secular Bull run and that we should pump money into the market or miss out. I'm not buying in on the top. That's rule #1. I short on the top.

My honest guess at why the market has been up in January? 401k Money. Once the 401k's come invested into the markets, I wouldn't be surprised seeing Europe resurface and the market crashing, with 401k money exchanging hands right into WallStreet. Just my personal opinion, of course.


Correction Time:


Here's an image I'm linking from somewhere else, but pay attention to the volume decrease from the Oct. 3rd lows of 1074 up till the January highs we're at currently. Volume is decreasing. This is not text-book definition of a bull-run on WallStreet. This is text-book definition of a corrective rebound in a Bear Market.

Furthermore:
Quote:
Factset reports that of the more than 10,500 ratings on S&P 500 stocks heading into 2012, 54% were buy ratings, 42% were holds -- but just 4% were sell ratings. That's right. According to the "experts," you're safe if you're hanging on to 96% of equities out there. Wrap your head around that one.

Original Story.
Bull? More like Bull-Crap. Remember that the likes of Goldman Sachs and every other fund on wallstreet had projections of a "horrendous first 6 months in 2012" near the end of 2011. They got people to ditch their holdings, markets went soft in December and the big guys are now buying on-mass trying to tempt the retail investor back in. 90% of the low volume right now can be traced to Institutional trading (not a figure I yanked out of my ying-yang). Most likely guess for the intraday turn-arounds? Algorithim bots. But keep in mind we are constantly seeing a sell-off, then a turn-around buy back. There IS selling pressure if you can see between the charts.

We have financials rallying this 2012 year, which is something we havent had in the last few quarters in 2011. BAC ran as high as +27% YTD, but as of Friday I believe it's closed around only +19%. There's already a change-over of longs to short positions, imo. JPM earnings came out on Friday and they were slaughtered last year with a -45% loss in revenue. And they were considered one of the "best" financial institutions out there currently admist a sea of laggard firms. This trading week we'll see earnings for the less spectacular banks. I'm not seeing this rally being supported by the financials much after their earnings come.

I am short this market currently. Should the market break in either direction, up or down, it will be a major break. I just happen to be on the side for a breakdown rather than a breakout. I see no reason for the markets to improve, only for Bernanke to keep it from falling apart and catching the falling knife. I just happen to think there's more knives to catch than Bernanke has hands.

P.S. With the Eurozone downgrades and France and Austria losing their prime Triple A's, the EFSF backed by those tarnished AAA countries also got cut down to AA+. What does that mean? Means either the EFSF has to reduce the amount of money it can back ($440billion currently) to $260B Euros, or get more Triple AAA countries to pump more backing money in. Who really thinks Germany is going to back more money in? They have no intentions (I believe) of muscling out $200B+ Euros of Tax payer money. That = Political suicide.

So of the $260B remaining, $40B has already been given away and $130B needs to go to Greece. Do the math. The EFSF isn't $440B anymore, it's only $90 Billion. Think about it. $90 Billion to cover Portugal, Italy, Spain, etc? Projections to STABILIZE the EU is at around $1-2 Trillion Euros into the EFSF. The actual estimate is in the $3.5-4 Trillion Euro mark. Even if you factor in the ECB's 3 year lending contracts at $460 Billion (of which 99% in back-logged into the ECB safety vault by the same banks who took those loans), and we are playing a game of chicken. Chickens are going to come back to roost.

Not to mention the Straits of Hormuz are continually headed down the wrong direction and sanctions have already been implicated by the big nations around the world. Most of Asia is already trying to find alternatives to Iranian Oil and Saudi Arabia is going to pick up the slack since it can pump up 12.5 Billion gallons a day to over. But who are the three largest users of Iranian oil in EU? Portugal, Spain, Italy. It's just a mess.

Two things you need to jump start this market: 1) Consumer Spending, and 2) Housing Market.

The first is self-explanatory. Credit Card debts are, as of December, maxed at 151% capacity for the average American. The 200,000 TEMP jobs Obama keeps flaunting as a recovery in his economy is a red-herring. It's not there. And this month's employment report showed that increase back up to 399,000 jobless claims.



Trend line Break, anyone?

So what does the job sector need to see in terms of, say, just recovering to pre-08 levels? Let's look at an 8 year forecast. Surely, by 2020, the job sector must be better, right? Look here:



For employment to even RETURN to pre-2008 levels, bringing with it increased disposable consumer income and savings, by 2020 we'd need to create 400,000 a month! I believe that kind of growth has never existed in history (though someone correct me if my data is wrong). I dont believe even WWII created the amount of jobs we'd need for this recovery, seriously.

But all of you out there, working, know that the roughly 120,000 jobs being created currently have decreasingly lower wages:




SO WHERE, in this picture I have of the economy, will we keep afloat the US economy so dependant on 70% consumerism? Less jobs and lower pay? And WallStreet and Goldman Sachs are preaching over news-stations round the clock about how 2012 is the year of the Bull?

DON'T FALL FOR IT.

As for housing, at-best it will just bottom out after four years in decline: finally. Fed projections are usually ultra-conservative and their FOMC Minutes from just last Quarter 4 in 2011 showed expected recovery in Housing sometime 2013-2014. [Being honest here, this fact is being recovered by memory. It's fuzzy cause I read it 1.5 months ago. Could be 2020 projections, actually.]

Just felt like informing you guys lately. I havent written a good post on here in a while.
__________________

Last edited by Vanity; 01-17-2012 at 12:49 AM..
Appreciate 0
      01-17-2012, 02:17 AM   #2503
Vanity
Private First Class
Vanity's Avatar
Canada
252
Rep
123
Posts

Drives: BMW E90 LCI
Join Date: Feb 2010
Location: BC, Canada

iTrader: (0)

Shanghai Composite is up 4.2%. Growth is at 2.5 year low. But what about the good GDP number coming out from China? The production output of that country also includes the 65 million newly-developed homes that vacantly litter the countryside.

Massive rally entails a massive plunge. Just my opinion, of course. Anywhere from 1-5% left in this market, before this rally reverses course and ascends into Hades. Also my opinion.
__________________
Appreciate 0
      01-17-2012, 03:16 AM   #2504
Hisam135i
Major
Hisam135i's Avatar
United_States
54
Rep
1,166
Posts

Drives: 335i
Join Date: Dec 2010
Location: Irvine, CA

iTrader: (0)

Quote:
Originally Posted by Vanity View Post
Yeah, I hope none of those intraday-algo bots reverse course anymore. My investment was up +11% Friday morning but halved it's daily gains to +5% by the end of the day.

All-in-all, my opinion is that this market is on it's way down. I don't care for the analysts or market professionals declaring this a Secular Bull run and that we should pump money into the market or miss out. I'm not buying in on the top. That's rule #1. I short on the top.

My honest guess at why the market has been up in January? 401k Money. Once the 401k's come invested into the markets, I wouldn't be surprised seeing Europe resurface and the market crashing, with 401k money exchanging hands right into WallStreet. Just my personal opinion, of course.


Here's an image I'm linking from somewhere else, but pay attention to the volume decrease from the Oct. 3rd lows of 1074 up till the January highs we're at currently. Volume is decreasing. This is not text-book definition of a bull-run on WallStreet. This is text-book definition of a corrective rebound in a Bear Market.

Furthermore:


Bull? More like Bull-Crap. Remember that the likes of Goldman Sachs and every other fund on wallstreet had projections of a "horrendous first 6 months in 2012" near the end of 2011. They got people to ditch their holdings, markets went soft in December and the big guys are now buying on-mass trying to tempt the retail investor back in. 90% of the low volume right now can be traced to Institutional trading (not a figure I yanked out of my ying-yang). Most likely guess for the intraday turn-arounds? Algorithim bots. But keep in mind we are constantly seeing a sell-off, then a turn-around buy back. There IS selling pressure if you can see between the charts.

I am short this market currently. Should the market break in either direction, up or down, it will be a major break. I just happen to be on the side for a breakdown rather than a breakout. I see no reason for the markets to improve, only for Bernanke to keep it from falling apart and catching the falling knife. I just happen to think there's more knives to catch than Bernanke has hands.

P.S. With the Eurozone downgrades and France and Austria losing their prime Triple A's, the EFSF backed by those tarnished AAA countries also got cut down to AA+. What does that mean? Means either the EFSF has to reduce the amount of money it can back ($440billion currently) to $260B Euros, or get more Triple AAA countries to pump more backing money in. Who really thinks Germany is going to back more money in? They have no intentions (I believe) of muscling out $200B+ Euros of Tax payer money. That = Political suicide.

So of the $260B remaining, $40B has already been given away and $130B needs to go to Greece. Do the math. The EFSF isn't $440B anymore, it's only $90 Billion. Think about it. $90 Billion to cover Portugal, Italy, Spain, etc? Projections to STABILIZE the EU is at around $1-2 Trillion Euros into the EFSF. The actual estimate is in the $3.5-4 Trillion Euro mark. Even if you factor in the ECB's 3 year lending contracts at $460 Billion (of which 99% in back-logged into the ECB safety vault by the same banks who took those loans), and we are playing a game of chicken. Chickens are going to come back to roost.

Not to mention the Straits of Hormuz are continually headed down the wrong direction and sanctions have already been implicated by the big nations around the world. Most of Asia is already trying to find alternatives to Iranian Oil and Saudi Arabia is going to pick up the slack since it can pump up 12.5 Billion gallons a day to over. But who are the three largest users of Iranian oil in EU? Portugal, Spain, Italy. It's just a mess.

Two things you need to jump start this market: 1) Consumer Spending, and 2) Housing Market.

The first is self-explanatory. Credit Card debts are, as of December, maxed at 151% capacity for the average American. The 200,000 TEMP jobs Obama keeps flaunting as a recovery in his economy is a red-herring. It's not there. And this month's employment report showed that increase back up to 399,000 jobless claims.


Trend line Break, anyone?

So what does the job sector need to see in terms of, say, just recovering to pre-08 levels? Let's look at an 8 year forecast. Surely, by 2020, the job sector must be better, right? Look here:



For employment to even RETURN to pre-2008 levels, bringing with it increased disposable consumer income and savings, by 2020 we'd need to create 400,000 a month! I believe that kind of growth has never existed in history (though someone correct me if my data is wrong). I dont believe even WWII created the amount of jobs we'd need for this recovery, seriously.

But all of you out there, working, know that the roughly 120,000 jobs being created currently have decreasingly lower wages:


SO WHERE, in this picture I have of the economy, will we keep afloat the US economy so dependent on 70% consumerism? Less jobs and lower pay? And WallStreet and Goldman Sachs are preaching over news-stations round the clock about how 2012 is the year of the Bull?

DON'T FALL FOR IT.
Well lol couldn't have said that better myself . With the way things are headed in my opinion, the downside of the market is MUCH larger then the potential upside, so like your self, I also currently holding a short position (SPXU). Here is a good article that literally jus got up 9 mins ago from the time of this post from Bloomberg:

http://www.businessweek.com/news/201...downgrade.html

And as you ended you post with

DON'T FALL FOR IT.

I couldn't agree more total bull sh*t happening right now in the global market place and in my opinion kind of risky to even trade in.. but what can i say haha the potential is worth it

oh and also:
But all of you out there, working, know that the roughly 120,000 jobs being created currently have decreasingly lower wages

the way this trend is going..scary stuff not looking forward to graduating from college and looking for a job
__________________
2008 Monaco Blue 335i | Terracotta | Premium | Auto | Comfort Access | Matte-black Grills | Carbon Fiber Splitters | 20% Tint | 1- point E9x Picture Game | Staggered 19' VMR V701 | Legal Disclaimer: My posts on this website cannot be held against me in any issues, such as warranty claims. |
Appreciate 0
      01-17-2012, 04:21 AM   #2505
Vanity
Private First Class
Vanity's Avatar
Canada
252
Rep
123
Posts

Drives: BMW E90 LCI
Join Date: Feb 2010
Location: BC, Canada

iTrader: (0)

Quote:
Originally Posted by Hisam135i View Post
Well lol couldn't have said that better myself . With the way things are headed in my opinion, the downside of the market is MUCH larger then the potential upside, so like your self, I also currently holding a short position (SPXU). Here is a good article that literally jus got up 9 mins ago from the time of this post from Bloomberg:

http://www.businessweek.com/news/201...downgrade.html

And as you ended you post with

DON'T FALL FOR IT.

I couldn't agree more total bull sh*t happening right now in the global market place and in my opinion kind of risky to even trade in.. but what can i say haha the potential is worth it

oh and also:
But all of you out there, working, know that the roughly 120,000 jobs being created currently have decreasingly lower wages

the way this trend is going..scary stuff not looking forward to graduating from college and looking for a job

Oh, nice SPXU hold. What entrance price did you get in on it at? And yeah, I figure there's a much larger upside in shorting this market than there is upside left going up. I think there will be jobs still, but competition is going to increase dramatically. But hey, this world is all about "who you know" and not "what you know".

Looks like tomorrow is going to stage a rally, looks like a rally that might actually drag in good volume too. Hopefully after retail investors get in we can cash in some good Short-money.

Trading range:
Upside: 1305 or 1316 (could see pullback at either of the two), but the highest I'd put this rally is at 1330. I really think the correction is due. Everything is way overbought, and tomorrow's rally is going to push the overbought status off the registered range Bullish signals coming in on shorts I follow, so, Can't time the markets dead on, so getting the correction in-or-around a week is good enough for me. *fingers crossed*.

Downside: 1250 or 1255. A lot of put options are camped there. Thats about an initial 4% pullback. Enough for a correction upwards, but we've been down as low at 1074 so it's not a stretch of the imagination by any means saying we'd definitely be back there again.
__________________
Appreciate 0
      01-17-2012, 09:02 AM   #2506
mact3333
Captain
mact3333's Avatar
United_States
121
Rep
876
Posts

Drives: 16' YMB/Blk F82
Join Date: Mar 2011
Location: Portland Area

iTrader: (1)

excellent post Vanity...saw we were going higher last week and went long TNA and AGQ...rising wedge should grind higher but looking at 1320-30 as the top...we shall see.


Quote:
Originally Posted by Vanity View Post
Oh, nice SPXU hold. What entrance price did you get in on it at? And yeah, I figure there's a much larger upside in shorting this market than there is upside left going up. I think there will be jobs still, but competition is going to increase dramatically. But hey, this world is all about "who you know" and not "what you know".

Looks like tomorrow is going to stage a rally, looks like a rally that might actually drag in good volume too. Hopefully after retail investors get in we can cash in some good Short-money.

Trading range:
Upside: 1305 or 1316 (could see pullback at either of the two), but the highest I'd put this rally is at 1330. I really think the correction is due. Everything is way overbought, and tomorrow's rally is going to push the overbought status off the registered range Bullish signals coming in on shorts I follow, so, Can't time the markets dead on, so getting the correction in-or-around a week is good enough for me. *fingers crossed*.

Downside: 1250 or 1255. A lot of put options are camped there. Thats about an initial 4% pullback. Enough for a correction upwards, but we've been down as low at 1074 so it's not a stretch of the imagination by any means saying we'd definitely be back there again.
Appreciate 0
      01-17-2012, 11:19 AM   #2507
Hisam135i
Major
Hisam135i's Avatar
United_States
54
Rep
1,166
Posts

Drives: 335i
Join Date: Dec 2010
Location: Irvine, CA

iTrader: (0)

Quote:
Originally Posted by Vanity View Post
Oh, nice SPXU hold. What entrance price did you get in on it at? And yeah, I figure there's a much larger upside in shorting this market than there is upside left going up. I think there will be jobs still, but competition is going to increase dramatically. But hey, this world is all about "who you know" and not "what you know".

Looks like tomorrow is going to stage a rally, looks like a rally that might actually drag in good volume too. Hopefully after retail investors get in we can cash in some good Short-money.

Trading range:
Upside: 1305 or 1316 (could see pullback at either of the two), but the highest I'd put this rally is at 1330. I really think the correction is due. Everything is way overbought, and tomorrow's rally is going to push the overbought status off the registered range Bullish signals coming in on shorts I follow, so, Can't time the markets dead on, so getting the correction in-or-around a week is good enough for me. *fingers crossed*.

Downside: 1250 or 1255. A lot of put options are camped there. Thats about an initial 4% pullback. Enough for a correction upwards, but we've been down as low at 1074 so it's not a stretch of the imagination by any means saying we'd definitely be back there again.
+1 you can never get 100% winnings, im happy with 60-80% lol can never catch a share at its bottom or top haha. Sadly, got in way to early on SPXU at 12.5, didn't think the year end/ new year rally would last this long .
__________________
2008 Monaco Blue 335i | Terracotta | Premium | Auto | Comfort Access | Matte-black Grills | Carbon Fiber Splitters | 20% Tint | 1- point E9x Picture Game | Staggered 19' VMR V701 | Legal Disclaimer: My posts on this website cannot be held against me in any issues, such as warranty claims. |
Appreciate 0
      01-18-2012, 12:19 AM   #2508
Hisam135i
Major
Hisam135i's Avatar
United_States
54
Rep
1,166
Posts

Drives: 335i
Join Date: Dec 2010
Location: Irvine, CA

iTrader: (0)

Penny Stocks

First im not dumb enough to trade penny stocks, due to them not being liquid enough because of there low volume. Also, LOL the potnetial losses in them are just not worth it Ive been getting email from this sight called Pennypic.com and well lol i decided I would monitor one of their picks for once just for the hell of it (didnt trade just watched).

After I decided I would monitor it i decided to look into the fine print of the email and found this :
Name:  1.jpg
Views: 1052
Size:  51.4 KB

Anyway lol even with that I decided to watch it for fun lol and damn this stock got quite a bit of volume for a penny stock and kept gaining, pretty shocking haha wasnt expecting that. Now im not sure if its going to tumble or actually go with their prediction towards over one dollar. Either or wont be trading it.

Name:  2.jpg
Views: 1087
Size:  90.0 KB

So whats your guys'es opinion on penny stocks, Ive always seen them as scams but who knows ahhaha
__________________
2008 Monaco Blue 335i | Terracotta | Premium | Auto | Comfort Access | Matte-black Grills | Carbon Fiber Splitters | 20% Tint | 1- point E9x Picture Game | Staggered 19' VMR V701 | Legal Disclaimer: My posts on this website cannot be held against me in any issues, such as warranty claims. |
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 07:34 AM.




m3post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2024, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST