[AngelinIsRich08]

Lol, yea what a profit.

[ghosthi32]

what a baller. 160,000

[mc6754]

Originally Posted by mact3333

Posted on 8/9/11...position up 35% approx on both positions...getting close to target on SPX...will close out positions then and look to go short...I would look for 0.5-0.62 fibonnacci retrace level to go short....1230-1250 level.

Volume high on selloff, volume low on snapback rally...enough said.....

Really appreciate your insight; your posts have proven to be very helpful. Please keep us updated on when you move to a short position.

[mact3333]

Originally Posted by mc6754

Really appreciate your insight; your posts have proven to be very helpful. Please keep us updated on when you move to a short position.

I used to post on stock trading sites...but now I like talking to myself on the BMW board......glad you are getting something out of my posts.

[AngelinIsRich08]

GOOG and aapl are bargains right now. Buy buy buy!

[ES_TRADER]

Berkowitz BAC

[Inspired]

Originally Posted by AngelinIsRich08

GOOG and aapl are bargains right now. Buy buy buy!

$380..

Anyone have any thoughts on P?

[AngelinIsRich08]

GOOG is around $540 when it was $610 a couple weeks ago. But I'd wait it out until earnings come out this week.

[travisvarner]

Originally Posted by twinturbo335

$380..

Anyone have any thoughts on P?

I have a hard time long term (1+ year) seeing what prevents someone like Apple or Amazon doing a similar service... The contracts with the music business is key factor for success on the long term side. I would dig into their cost and contracts before moving into it long term. (The same could be said for Netflix)

[AngelinIsRich08]

Futures are down again....

[Inspired]

Originally Posted by AngelinIsRich08

GOOG is around $540 when it was $610 a couple weeks ago. But I'd wait it out until earnings come out this week.

Originally Posted by travisvarner

I have a hard time long term (1+ year) seeing what prevents someone like Apple or Amazon doing a similar service... The contracts with the music business is key factor for success on the long term side. I would dig into their cost and contracts before moving into it long term. (The same could be said for Netflix)

Thinking about long GOOG or APPL and short P.

[AngelinIsRich08]

GOOG is actually $533. Even better! But I have no cash, I've even spent my margin fund to buy several hundred shares of aapl because it was a buy at around $360.

[AngelinIsRich08]

Speaking of bargains, BRKA is at a relative bargain at $108,500. It was $101,000 last week though but when its high this year was almost $130,000 it looks appealing. The company is undervalued from what I've heard and read too. Something to look at.

[AngelinIsRich08]

Hedge fund managers are also stacking up on IEO. I might in October as well when my options contracts expire and my account gets back some cash.

[mact3333]

Ok, I am seeing some volume patterns that are not healthy...we have indecision candle today also...we should have seen a decent rally to 1230...caution flags are up for me...might make another run to 1100ish level by end of this month...we have had a nice run up recently but stops should be in place now....esp if we cant clear 1213 soon.

But the euro and USD showing mkt wants to rally...odds favor we go down for 1 wk or so retesting lows...then we should see a counter-trend rally starting in sept lasting a month or so.

[AngelinIsRich08]

Futures are down at the moment as well. And we've been down for the last two days with tomorrow and Friday probably being flat or down as well.

[AngelinIsRich08]

Ouch. My portfolio dipped 5% within the first minute.

[NYCGP]

Looook out below!

[mact3333]

Volume patterns dont lie...unloaded 1/2 TNA/TYH 2 days ago and rest today at open...1160 was key and it didnt hold hence we will prob retest lows now...then a tradeable rally will come(buy TNA and TYH again)...but odds favor we are in a bear LT now.

[M3Bahn]

LOL

With no QE3 in sight market takes a big dump every other day.

[rallysport]

Originally Posted by mact3333

Ok, I am seeing some volume patterns that are not healthy...we have indecision candle today also...we should have seen a decent rally to 1230...caution flags are up for me...might make another run to 1100ish level by end of this month...we have had a nice run up recently but stops should be in place now....esp if we cant clear 1213 soon.

But the euro and USD showing mkt wants to rally...odds favor we go down for 1 wk or so retesting lows...then we should see a counter-trend rally starting in sept lasting a month or so.

I was waiting to sell when it hit the 1230-40 level and then was going to short it. Was very close to doing so yesterday though after it rallied early and then fizzled out after. Wish I hadn't been greedy lol

[ES_TRADER]

the 2 million dollar bet.....bitch opened 53k BAC Nov $4 puts...sweeping up to 63k now...jeezus christ the implied vol....looks like Lehman part 2