April Trading Thread - Page 4

savant111 · 04-04-2012, 12:54 AM

Quote:

Originally Posted by cky23k

Good gain on CELG today. CELG is presently overbought, so keep a very close eye on it. You might have a few more days of mild gains, but I would expect some consolidation before another nice leg up IMO.

Good call on selling before earnings. I always like selling the day before earnings, usually you'll get a nice run up then and it's much more risk adverse then holding and praying through earnings.

Welcome back man. Glad to read you made money on Amzn. I noticed it rallied and wondered if u were still in.

I was pleasantly surprised to see CELG finally pop. I'd actually expect a follow through now tomorrow as this was overdue imo.

I have a good three weeks til earnings. I'm worried much more about the general market than the stock in the interim. Do you think I should ride the consolidation and hold til day b4 earnings or just set a stop at 80 and lock it up if it pulls back tomorrow (I'm around +5%).

I'm def going to raise my stop to something profitable, I'll wait til tomorrow's open to select a number.

savant111 · 04-04-2012, 01:11 AM

Quote:

Originally Posted by fluorescenthippo

what are the best sources for financial news besides wsj?

Investors Business Daily Aiaec

RogerKwok · 04-04-2012, 02:41 AM

Quote:

Originally Posted by sam0182

I'm unsure specifically what sort of news you're looking for...whether it be just a heads up on upcoming announcements, post news release recaps, analysis, etc...but I make it a daily habit to run over the calendar to see what's coming up, what news I need to stay away from, etc. This morning's FOMC announcement, for example, was one to stay away from, given that I'm a technical, non-fundie trader.

Below is what I check in with daily. I know it's an FX site but the news releases are pretty general and you can filter by low, medium & high priority news. I keep my filter set for only the high priority (red) news and make sure I try not to put a trade on right before, during or after those releases.

http://www.forexfactory.com/calendar.php

In addition, they post the results of the news & a brief recap after it's release.

*Back when I traded stocks, my broker provided a short-term outlook on upcoming releases specific to the stock/company I had on my watch list.*

Hope this helps. I'm curious as to what everyone else uses.

That calender is very nice, easy layout and even includes chart info, thanks for the link!

highpsiguy · 04-04-2012, 07:30 AM

so happy i sold out of all my positions 2-3 weeks ago, knew the bear leg was coming, and it wont take long to prove me correct.

Such a tax this manipulated pig pen of a capital market.

highpsiguy · 04-04-2012, 07:53 AM

This entire bear market rally from sprin 2009 to present is all AAPL + smoke and mirrors, cheao money chasing equities.

I said all 2010-2011 price the dow in gold and you will see the real returns were 0.

Price it in worthless greenbacks and you made some fake money returns.

We will see what happens to these markets when they pull the plug on the QE.

My guess is bernak will dump another trillion in there once the S&P500 breaks under 1200 this spring.

savant111 · 04-04-2012, 10:32 AM

Lol, woke up too late to sell CELG at 80. As promised I'm not just going to panic sell into this.

There is a decent chance buyers will come in and buy the market weakness. Setting stop at 78.45 and if it finds support at 78.53 I'll ride it a bit looking to get out on the way up.

yougotG0T · 04-04-2012, 10:53 AM

So at what point does this highpsiguy finally get the boot from this thread? Because right now he's like the angry, burnt-out, jaded YELL-AT-THE-CLOUDS loser who stays on the sidelines and yells out trollish predictions to everyone that doom is coming.

Dude's been warned plenty.

Edit: i might be alone in thinking this but jfc i really feel like killing myself after reading posts

CalledDownLight · 04-04-2012, 11:25 AM

Quote:

Originally Posted by yougotG0T

So at what point does this highpsiguy finally get the boot from this thread? Because right now he's like the angry, burnt-out, jaded YELL-AT-THE-CLOUDS loser who stays on the sidelines and yells out trollish predictions to everyone that doom is coming.

Dude's been warned plenty.

Edit: i might be alone in thinking this but jfc i really feel like killing myself after reading posts

youre not alone.

guller · 04-04-2012, 01:21 PM

I got into NURO today. I think the Canadian Walmart news could lead to much bigger sales (US Walmarts?) and was mostly taken with a yawn and am willing to take a small risk at the 0.78 per share price.

Do your own DD. Good luck.

savant111 · 04-04-2012, 01:27 PM

Quote:

Originally Posted by savant111

Lol, woke up too late to sell CELG at 80. As promised I'm not just going to panic sell into this.

There is a decent chance buyers will come in and buy the market weakness. Setting stop at 78.45 and if it finds support at 78.53 I'll ride it a bit looking to get out on the way up.

I panic sold =). I posted the above quote this morning at 79.19 and at least got out at 79.41.

Bottom line for me was the market is just getting scary. Market clearly wants to sell any bad news right now and with jobs and earnings season around the corner it's a good time to lock it up.

4.3% profit. I hope a few of you came along. I also hope no one listened to my MCD trade yesterday, the market and a downgrade killed that one quick.

Moving forward I think this sell off will set up some good trades on the long side. I have a nice watch list already prepared for that scenario.

My next move is to come up with some short ideas that can work if jobs, aapl, or earnings changes trajectory.

It will likely be cash or day trades for me next two weeks.

RogerKwok · 04-04-2012, 02:26 PM

Quote:

Originally Posted by yougotG0T

So at what point does this highpsiguy finally get the boot from this thread? Because right now he's like the angry, burnt-out, jaded YELL-AT-THE-CLOUDS loser who stays on the sidelines and yells out trollish predictions to everyone that doom is coming.

Dude's been warned plenty.

Edit: i might be alone in thinking this but jfc i really feel like killing myself after reading posts

heh i think by now everyone just has him on ignore, since it doesn't seem like the mods really care.

highpsiguy · 04-04-2012, 03:32 PM

I speak the truth, and have contributed alot of useful information of late, if you listened to me you would have sold SU, TCK, GG, etc etc...

guess what they have all lost 10-15% in the last few sessions alone.

WutRUTryin2Hit · 04-04-2012, 04:03 PM

Quote:

Originally Posted by highpsiguy

I speak the truth, and have contributed alot of useful information of late, if you listened to me you would have sold everything for the last 6 months and missed tons of profits, probably shorted AAPL at 500 if you really believed everything I said, etc etc, but hey why don't I list 4 stocks I was right on.

fyp

highpsiguy · 04-04-2012, 04:09 PM

You fool I have documented the following right here in these threads:

Loaded up on cyclicals in october, sold out 3 weeks ago.

Thought AAPL was overvalued at $540, SAID cant short the bubble though...

believe what you wanna believe buddy. i am just glad that my clients are and have been protected from this taxing market.

I have continuously said TSX = garbage, and the TSx keeps proving me right.

highpsiguy · 04-04-2012, 04:10 PM

Quote:

Originally Posted by yougotG0T

Edit: i might be alone in thinking this but jfc i really feel like killing myself after reading posts

Pull the trigger man.