What a great way to start off the week! My account took a nice dive as I was caught short in the [[PCLN]] upgrade. Sometimes I wonder why I even bother shorting stocks, but then I look at [[ENER]] & [[HRB]] and remember why.
I also took a hit with my top ticking buy in [[ISRG]], apparently a few people don’t agree with the company’s outlook.
I would like to thank the good people at Barron’s and Thomas Weisel for my wonderful morning.
Note: I’m now out of both positions.
Other than that, everything is going as planned. It amazes me how fast people buy the dip in [[CELG]]. Every time the stock is lower, people immediately come in and start buying. I also loaded up the boat full of [[CHK]], and will continue to buy more on any dip.
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RC
My sentiments entirely on PCLN (I got out too). Who IS this asshat over at Thomas Wiesel??!!
PCLN on balance vol. was streaking positive for several days… it was clear someone was accumulating and now we know why.
Usually there’s some kind of tip off in the technicals when someone is about to jump it on an upgrade.
Note: Watch LDK — on balance is positive — this is another stock that looks like it should be shorted but if it pops soon on great news — it will be obvious in retrospect that someone is front-running the news.
HRB is going to eat one of your ears, and then saw one of your eyebrows off. 🙂
lol Woody. The way my morning has been I would not be surprised.
Top pick: CHK
Yessssss….
-DT
Will you please push ENER down the stairs? Whats your price target?
Sorry to hear about your morning Cajun.
I’m net long, with no hedges. So I’m shopping in the pain dept., right along side you.
I’ve gotten hit more than once by a Barron’s article taking the opposite position from me. It’s amazing how much those Barron’s articles can skew the market. Just on principle I now have to hate Barron’s, but I still occasionally read it to see where they stand. I’ve always thought that they pump the interests of stocks widely held by their wealthy investor clients. JMHO.
Ragin, your morning is sounding like my whole last week. I’m slowing down on my trading to regain a little perspective.
Shed, why no hedges? System or no system, in this market, it’s good to have some hedges.
If CHK keeps this up, my day might turn around– I’m heavy in the name.
CHK is a great pick, just like XTO was last week, you’re really good on all the oil and gas stocks.
Have we forgotten about the bios already?
I have “amputation grenades” strapped to my shoulder blades and upper thighs on VRX and AUXL, awaiting either vast riches or an ignonimous life of crawling along at grass level.
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refer to my bio list jake. Took me an hour to make, someone should use it.
Danny, Nice work on that bio list.
Don’t worry Claude Raines, I’m watching that list.
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This market is a cluster fuck of Vietnam-esque proportions. Too obvious when its shortable, too laughable when it starts to look bullish.
Watching the lambs being lead to their slaughter, trade after trade & day after day, brings me untold glee. Your little minds racing, your Schedule D’s growing; long,sell,short, cover & repeat. It is better than watching The Godfather (the original you fucking pussies) while getting head from your best buddies hot 20 year old girlfriend.
Here’s a tip: move to cash, you don’t have to catch every move. Here’s another tip, you’re not going to – you are too fucking dumb.
You, my dirty friend, are only making Ameritrade or e*trade or what ever other shitty brokerage you employ show a better top line.
How does it feel to be a lemming? Now go short MTL now that it is down 50% in 4 days.
It is better than watching The Godfather (the original you fucking pussies) while getting head from your best buddies hot 20 year old girlfriend.
That’s an exaggeration.
I like the new moniker. Humor.
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Dear JakeGint,
Thank you. It’s obvious that you recognize brilliance when you see it.
Love,
GKBE
Ragin,
Definitely feel the pain. This mkt’s as predictable as a skizophrenic crack whore. GG and CHK put me in the green today. I took a moderate loss in ISRG but quickly got out when it couldnt hold its morning pop. CRM continues to act like a champ in what is shaping up to be a nice swing hold (I’ll probably take half my position off at 62.03 tomorrow as this stock has found lot’s of support in the 61.50 to 61.75 area in the past) but I’ll let my remaining shares coast to 50.
It’s been a choppy environent. I find myself having to rapid-fire trade to make money right now consistently. There’s very little continuation in any one direction and lot’s of convergence-to-the-mean-type action.
If I come by some setups later today, I’ll send them your way. I continue to believe that we will rally very soon and healthcare (as well as earnings plays) will be the place to be.
Cheers,
Phil