Grand morning grand traders, may you fill you wallets with several grand this month. I want to turn your attention to the 30 minute /ES_F chart, our futures contract representing the S&P 500 index. You can see price working a rotating off of a bounce last week, but encountering some resistance. Such is the challenge any marketplace encounters when working through a glut of supply. Remember all of that egregious buying I did last month? Supply.
Anyhow, I think the SPX is important this week, especially if we see this weakness which is creeping in right now follow through in the afternoon. With Goldman Sachs on the cusp of a breakdown and little Miss Yellen on deck, everyone is feeling a bit skittish. An overall aversion to risk at this junction makes sense, just like taking little jabs at mother Russia from your broadcasting sofa.
The path our SPX is taking looks familiar, and is entering a long only environment I am very fond of. Should we find buyers around 1770, I will be pedal to the metal long. And wouldn’t it just be swell if I could shed this TZA hedge in the green? I know you all wish the best for your humble market broadcaster.
Here is where I want to see buyers come in as we enter the hon3y hole:
Thank you for sharing!
thank you sir may i have another?
Raul
Thanks for the RVLT tip. Do you think we may see pullback now?
Joe’s Jeans has been a really bad investment, while JOEZ, the company’s equity, has been an excellent trading object — assuming that you were really lucky or really good (EngineeredReality)
AHhhh Yes..
Mill Road Capital disclosed that it had accumulated 3.5 million shares of JOEZ in the open market, representing approximately five percent of the float, causing significant post-market volatility, swinging the per share price from $1.23 to a high of $1.46 (a 19% rise in the per share price) before it settled back at $1.35 (a 10% rise.)
*I hold long a good amount of shares albeit not as many as 150k I once had
~cheers
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Mr. P post via ST Jan. 17 at 4:22 PM
getting out of this POS is the best thing so far lol
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Effin Brilliant..just makes me want to laugh, really
😉 ))))
Much like RVLT.. JOEZ has been very good to me.
Good at being Lucky, I suppose.
JOEZ has been in a range $1 to $1.30 since last July (hence dead $$ for sometime) I liquidated a nice size chunk of the remainder of my holdings for well over +100% profit back in Nov. so that I could buy up share of TWTR on that dip $38.89 putting dead $ to work and it did just that.
I will be watching closely to add back share here..JOEZ
I am long last ins(as stated here) at $1.03(selling the remainder of my .53 penny entries)
and in my mm account from .55 pennies.
*careful with overhead supply, as Chess describes, there could be many trapped up or near $2
4/10/2013 high: $2.04
5/16/2013 high: $1.97
and one last try on
7/15/2013 high: $1.90
and has done absolutely nothing since.
maybe time..
always patient..
😉
a little late here..
but I did cost avg down on a few of those beaten down retailers.
eg)
02/04/2014 YOU BOUGHT
SHLD SEARS HLDGS CORP
Cash Shares: +* Price: $33.93
yup! one of my faves to trade..
😉
The gift that keeps on giving.
(mentioned to keep on watch CGIX and others in this space..over and over again)
12/10/2013 YOU BOUGHT
CGIX CANCER GENETICS INC COM USD0.0001
Cash Shares: +*.000 Price: $11.98
I did take some profit (+56%)
remain long half position at above entry
selling my 35’s here..
(posted entry)
will hold the $33.93 ^
Status Filled at $38.50
Symbol SHLD
Description SEARS HLDGS CORP
Action Sell
Order Date 02/11/2014, 01:55:42 PM ET
Meeting up with a few Kings at The Palace tonight and have umpteen things to do beforehand.
Nice tune here:
http://youtu.be/RVDc6bYy3j4
Have a great evening all you Beautiful People.
2/13/2014
JOEZ to announce Q4 earnings After Market (Confirmed)
Earnings Conference Call at 4:30 PM
Estimated Earnings -0.02 02/13/2014-Q4
another wrong ((WRONG)) comment from Mr. P..back on Feb. 10 at 8:05 PM
(just in case you missed it)
“$IDCC chart looks like death.. new 52 low almost every week… no interest form buyers yet.. watching Bearish”
52-Week Low
02/06/2014 26.25
where I added multiple thousands ..$26.33 (actually)
No SH!T..another one of my faves to trade going WAaaaaaay back for decade plus.
Just ask all those Pickr Pal(s)..BWAHahahh
😉
SHLD..(+22.31%)
LULU too..
smooth Moves SOooooz..
then again what the h#ll do I know?
have a mighty fine day all you Beautiful People.
😉
taking a bit more profit here:
sell order filled at $41.73(+22.98%)
continue to hold at $33.93 Acquired 02/04/2014
Holy Moly SQUEEZE..
Nice!!
as I hide out in archives..
selling some of that LULU scoop as well here:
sell order Filled at $50.015
will continue to hold long at $45.57(posted entry)