iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,441 Blog Posts

Late Night Shout Out

Woodshedder’s PDS is fucking destroying the market. Good stuff Private Woodshedder.

Cordially,

General Robert E. Fly, Commander of the Northern Masters, rulers of all things “Southern”

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26 comments

  1. Itchy & Scratchy
    Itchy & Scratchy

    Spoken like Sherman taking Atlanta.

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  2. MOOBER

    We have a new southern saint.

    http://tinyurl.com/yj7eefh

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  3. Skogie1

    Hey Woodshedder (or Fly) any thoughts on how the PDS would perform in a bear market (anyone remember such a phenomenon?) Will buying the dips hold up as well in that scenario? Just curious…

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    • Woodshedder

      Skogie, in a true bear market, the PDS will simply stop trading until things improve. For example, it made no trades in Oct. of 2008 and not many at all the following months until March 09, when it started getting heavy long again.

      During times of significant weakness, it will be paring back trading. For example, during the Feb. 2010 pullback, it went almost 2 weeks without making any new trades.

      It buys only stocks in an uptrend, and so when there are not very many stocks in an uptrend, it doesn’t trade very much. This protects it, most of the time.

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    • skogie1

      Sounds like a good system and one I should check out. Thanks for the explanation.

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  4. MOOBER

    The iBC Centre for the Performing Arts advertisement is pure hilarity.

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  5. RaginCajun

    noticed in daily email update that PDS killed it today.

    Good work Woodshedder.

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  6. The_Real_Hmmm

    Why were so many of those stocks sold twice?

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    • Woodshedder

      Because they were bought twice 🙂
      Some stocks meet the entry criteria on more than one day. Usually this happens if on the first day the stock doesn’t move much, or forms a doji, so nothing changes. Thus, on the following day, it might again be a buy. However, the exit criteria would still be same, no matter on what day it was bought.

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  7. InternationalGroupie
    InternationalGroupie

    Buying USD/CAD at 1.0029 here.

    Target at least (1.25-1.0012)*.382 + 1.0012

    Thanks for listening.

    May never be heard from again.

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  8. Frank White

    ISE equity only call/put ratio hit 275% yesterday. Lot of danger signals starting to flash….

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  9. JakeGint

    This is the morning to ask What the FRiG??

    ___________

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  10. mrkcbill

    Give me the +40 upside calls.

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  11. mrkcbill

    FAZ Down Vegas UP another +40

    Coast is Clear

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  12. panamaorange

    Im short “old navy” sweatshops

    Their “dow 11k” hat factory is about to get shut down.

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  13. mrsbuttons

    Jake – how are you playing CREE now?

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