Multiple members of The PPT nailed Friday’s reversal, with urbane nobility, if i might say so myself. I spend more than enough time discussing my colossal IQ and how it allows me to bank coin, as if I was mugging a disabled market with howitzers WITH IMPUNITY. Truth be told, there are some pretty sophisticated traders/investors in The PPT. It’s obvious they gravitate towards greatness, like magnets to metal.
The following is a series of screen shots taken of the “user notes” section, as the market reversed and crucified men clad in burlap tuxedos (they were dressed all fancy and shit on Friday, due to dire market conditions). Enjoy the sneak peek into a world you are not accustomed to, especially your type—if you know what I mean.
You don’t find this type of winship anywhere, particularly on the web of idiots. Trust me.
I did not call the reversal. Learn how to read, then get back to me.
I am giving praise to people who made some solid calls in the face of a vicious decline. I can go back earlier and show similar threads. But for my money, its what people say at the very worst times that make them worth noting.
As for the reference to greatness, that was pointed towards me. Again, reading comp 101.
Note: ppt members were buying all day long, myself included, into weakness. I kid you not, this is a regular occurence, not some anomoly. They’ve earned my respect so fuck off.
3 cheers for dip buyers!
With respect of course
Ppt uses a propietary algorithim to rank stocks. The user notes section is simply a place where we discuss trades. To leave a note, one must go to that specific stock page,thereby eliminating useless chatter most frequently found on twitter
Fly – Indeud! I love the iwin quote. It really put everything in perspective IN REAL TIME…
I’m patiently waiting for the PPT 2.0. Even though I am a longer term trader, iBankCoin, and the PPT have made me much more profitable. Thanks.
what precentage of trades off the PPT group would you say are options?
Hard to say…. maybe 10-15%?
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PPT 2.0 will include new features, ranging from seasonality to overbought/sold to text message alerts etc.
The comments above are illustrative of greatness? Ok…Looks like some people are talking “technicals” pivot points and “oversold levels” , plus lots of teeth gnashing before the short-covering rally covered closed the market up on Friday.
Now if I had seen comments around say around, NOON, saying to get long, etc., etc., then it might have meant something…otherwise…this is just commentary as the market jerked its way up… could have been lifted from any Yahoo board.
As far as “calling the reversal”. Really? You called a 180 drop and then a return to flat? Maybe if the market had actually moved higher on Friday you would have great cause to blow full into your victory trumpets…
With respect.
p.s. Can’t get that “Going on a Bear hunt” song out of my head….
PPT flashed a ~2.25,, right about the time I bot the ESmini at 1045ish. Do or die. This is it. The reversal. I rode it up to end of day and sold at 1062. This was a huge win for me – one of my best trades ever. Thanks Fly and PPT, for there was little panic and doomsday bs, mostly clearheaded trading discussed in the PPT.
I think the depth of the retraction from /ES 1145 caught many by surprise but the PPT nailed it. Buy signal appeared at /ES 1045 and not a moment before. Nice.
The Fly is correct with his praise of the PPT score.
On Friday I picked up 2k share postions in GLW and WFC (which are not insignificant for me) based upon what we were seeing at the time. 2 other items of import 1) my SD is below water ATM due to USD fuckery 2) I am not day trading these positions and we will have to see how Monday pans out.
Regardless, the PPT picked the bottom and I could have (should have?) bought like a madman and punted at the close.
If I understand correctly the “User Notes” section is more of a day trading room, and the PPT system generated picks are more for swing trades?
Just trying to get an idea how to best use the PPT before I subscribe.
Thanks
I too used the PPT to bank coin on Friday because my trend following tools are still showing a sideways market. Hence I believe it’s ok to use the PPT in either an up or sideways market.
Just what I gleaned from my limited experience (started learning this stuff last March).
However, I’m still not certain that this marks the end of the decline. Because in down trending markets supports often get broken. If my trending tools showed the market as up, I’d buy it, but right now we’re in no mans land.
I have a couple of other ways to think about the market that I learned from reading countless swing trading books, but these are sought of in no mans land now also. So the picture still lacks clarity at least to me.
What I don’t get, is that so many seem to think we’ll bounce because we’ve at a support or that we’ve just gone too far not to bounce.
At any rate, that’s my take.
P.S.
Fly, can’t wait for PPT 2.0
nonsense
Sleep is for faygots
http://ibankcoin.com/henry_fool/2010/02/07/someone-turn-up-the-nat-gas/
I need a gumjob.
http://www.youtube.com/watch?v=vF6PpP-pAcg&feature=related
I hate technical shit like line’s drawn on a chart for the most part. This PPT thing is truly fucking amazing. I even use it to trade currencies now seeing things can at times be correlated 1:1. Tim Knight should subscribe to it and use it to make the capital he lost last year.
In all seriousness, I was doubtful at first that it could work, but it’s truly and incredible system with lots of dudes throwing up great ideas there.
Not using the PPT is the equivalent of crossing out of the Green line in iraq without a weapon to protect yourself. Just don;’t do it.
Sorry for potentially misreading the original post and denouncing the PPT audience…or least throwing a mudball in its direction. I’m not ungrateful for the commentary and advice here. It just seems…folks are selective as far as when to applaud the PPT and when to ignore it.
On Wednesday night Fly was kind enough to post PPT-related oversold equities. Their performance since:
OVERSOLD (HYBRID):
VLCM, GLS, GBE
Since post through Friday’s close, they’ve gone down -2.6%, -7.7%, and -3.3% respectively.
OVERSOLD (TECH):
PWND PCY NLR EWT EWP RWF
They dropped -7.7%, -1.3%, -4.2%, -4.1%, -8.5% (the Spain pick), -3.9% since Wed night post.
Like HawaiiFive0, I am new to trading and to the PPT. I was a lurker for about a year at iBC then I ponied up for a year’s subscription. It was the best investment I have ever made. The insight gained in the user notes section is tremedous. Not every trade or note is going to be a winner. The Fly posts facts and you, as the trader, can make decisions based on those facts. I have found the people who win the most and follow them. This site offers education for people like me. I started actively trading in December when I joined the PPT. My account was up 7.5% in December when the S&P was up only 20 points. In January, I was up 2.7% when the S&P was down over 3%. Why? The PPT and people like Henry, RC, CA and Fly plus the group I follow in the user notes section of the PPT.
Look, I know the Fly can rub you the wrong way with his arrogance, braggadocious comments and winning ways. But you have to give him his credit. He lays it out there and tells you when he is wrong. He tells you what his performance is YTD and he has no reason to bullshit. By the way, did you see him nail the downturn in the market TO THE DAY? I have seen The Chart Addict confronted on his claim of triple digit gains each year for the past five years. Just get on board and you will see for yourself how both new and seasoned investors can benefit from this site and the PPT.
If you are new to this site, keep reading. I know what you mean about how it’s easy to look in the rear view mirror and say ‘Look what we did and how we called it’ but these folks are more right than wrong.
things can remain oversold for a long time same with being overbought…its just an indicator
But i didnt jump off said cliff. HistoricAl reading if sub 2.30 pointed towards oversold reading. I posted that chart a million times.
Where’s the love for the Shorts? Did they not Bank Coin?
How are sheep led to slaughter?
Why was Custer so bold?
A broken clock is right twice a day – can you post the 500 other bottom calls they made since January?
LOL, so true. This bottom shall pass soon as well. I will be spending the next few days looking for the best short candidates. The most frothy crap include AMZN, SHLD, and steel bullshit names that will be bankrupt in a year The upward push on Monday should be quite impressive, I am not playing the long side however because the trend has changed.
In addition to those names, I will play SDS for a long term play and SRS for short term pops.
I wish you all luck, be careful and don’t commit too much money to any single trade since the swings here are going to be huge.
steel bullshit names that will be bankrupt in a year ,,
care to share your hot list? I don’t short but don’t want to be a bag holder either…lol
The market will go higher this week. Excellent opportunity to get a good short on copper. FCX, Freeport McMoran is a prime time short opportunity as gold and copper are both overvalued due to speculation. JJC will dive also. You can thank me later.
Disclosure, no position on FCX or JJC yet, waiting and then I’ll load up short.
you might want to go back and check your math on that FCX short..
I would not claim victory until we have a positive WEEK. If we end on Friday in positive territory then you may boast about your PPT. But claiming victory on Friday is like the Knicks claiming victory by scoring the last bucket of the 3rd quarter even though they lost the game 123-76.
Which PPT traders would you recommend listening too Fly?
If you are new to this site, keep reading it and you will determine for yourself who to listen to. You will gravitate towards the traders that share your trading philosophy. If you like long plays, you will listen to Fly. If you day trade, you will listen to Chart Addict. All of the tabbed bloggers are good. You will need to find the ones that match your trading style. If you join the PPT, there are even more to choose from. You will know. Good luck, newtrada.
I agree that the market needs a sustained positive trend before we can jump back in with long plays. The victories on Friday were trades from 2 PM to 4 PM. The battle was won but the war continues.
You said steel bk in a year? Do you even know how to read a balance sheet? You sir are a bearshitter
Exactly . that’s why I asked for his hot steel short list..still awaiting…’
Peg…Schmeg. Mr. Fly was ready to jump off a cliff Friday. Is it possible to get a rational explanation on forum of how PPT pegged it?
If anyone’s interested in discussing the Super Bowl… I’m liveblogging it in the comments section of this latest post.
Stop by an trow (sic) in your two cents.
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This should have been a superbowl commercial. Although I believe that any small child who forces this candy in their mouth would be in serious trouble.
http://www.youtube.com/watch?v=eOFRIWx5F9c&feature=related
there seems to be a special request, not to open my fancy bankers watch..request is granted but it isnt possible to keep the elements of the watch from distorting time &space for very long…the holiest of holies will be watching…but the watch will be opened again,,,,soon
WHAT effin’ Friday “reversal”?
Perhaps the one where the Dow went from -130+ to green? Interesting week ahead indeud.
We either shoot through the roof, fall into the basement or do something in between. How’s that for conviction 🙂
My sentiments exactly!
9:44 AM Monday. As I said: WHAT effin’ “reversal”?
You’re correuct (sic), of course, sir.
Reversals are never retested, or consolidated. They are all moonshot rebounds to Infinity….
… and Beyond!
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Give it time young cum guzzler
Merriman LED outlook:
” ….. we have near-term concerns regarding LED demand and supply imbalance. In addition, these stocks appear to be at fair valuation levels. As a result, we are lowering our rating on Aixtron and Cree to Neutral from Buy but are reaffirming our Buy rating on Veeco Instruments (VECO) as they are experiencing data-storage business strength that could offset LED bookings weakness in second-half 2010.”
(missed this run and trying to get clients into market leader CREE, iow)
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Energy Picks quick!!
http://ibankcoin.com/henry_fool/2010/02/08/get-long-energy-now/#comment-993
Fly,
are you still 90% long?
The sentiment has definately turned. Its not as bullish as it was a few weeks back which might be good for the bullish thesis;)
http://bit.ly/9ogGr0