ON VACATION UNTIL NEXT MONDAY BUT HERE IS MY DAILY CHECK-IN…..

July 31, 2007 | Leave a Comment

This is what I wrote on my “new shorts” section:

Remember, this market might be in a correction but the leading stocks like RIMM AAPL CROX GOOG TNH and FWLT have not put in clear tops yet. When these stocks start to breakdown you can guarantee the time to make the big fast money shorting stocks will be then. But for right now the market is only starting to weaken. Do not jump the gun and think this is the ultimate top. People did that in 2004 2005 2006 and in February 2007. Every downturn you see in your charts was supposedly the start of the next big bear. Well, until those stocks I just mentioned all start breaking down on huge volume on their weekly charts, fail their 50 and 200 day moving averages then rally back and fail those test you simply can not say that the big bad bear is here. Could this be it? Yes. But until my true leaders breakdown I am not going to go 200% on margin in these shorts. For now they are very tiny test positions, since my other short recommendations have been doing so well recently.

Posted by Joshua Hayes | Filed Under Free Commentary

Five New Starter/Testing The Waters Short Positions

July 31, 2007 | Leave a Comment

Posted by Joshua Hayes | Filed Under Free Archives Shorts

Five New Very Speculative Longs And One Stock I Am Adding To My Existing Postion

July 31, 2007 | Leave a Comment

Nothing here is perfect, so don’t think I am recommending these for other people. Most of these will not only be under $500 each but most will be under $300. It just is not the time to load up on speculative longs. There may be some gems in here but it is too risky to invest heavily in any of these with the market under clear distribution.

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Short Positions For Tuesday

July 30, 2007 | Leave a Comment

If this was a bear market, JAH would make a good short here.

JAH

Posted by Joshua Hayes | Filed Under Free Archives Shorts

One New CANSLIM Long Position, One New Very Speculative Long Position, And Two Stocks I Am Adding To My Existing Positions

July 30, 2007 | Leave a Comment

new CANSLIM long position: BPHX

BPHX

new very speculative long position: MCX

MCX

adding to existing long positions: WPZ ALVR

Posted by Joshua Hayes | Filed Under Free Archives Longs

Nasty Last Hour Leaves Indexes Soaked In The Red, In A Week That Saw The Market Make A Major Character Change

July 28, 2007 | Leave a Comment

Even though I am vacation, if I did not have work to do on this site, I can literally scan my charts and place all my orders within an hour and a half. So remember, even though I am on vacation, I am ON TOP OF THIS MARKET. This market right now should NOT be bought until AFTER we get a follow through day after an attempt at a bottom. Seriously, with the put/call ratio so high for so long, it is possible that there is too much fear in this market and that the lows have been set. However, we very well could be topping, because that is what it looks like out there in the Financial stocks and the general market. However, with the NYSE short interest and put/call so high, it just seems hard to think we could really breakaway and crash from here. So one thing I doubt is going to happen will be a black Monday.

Posted by Joshua Hayes | Filed Under Free Commentary

No New Short Positions For Monday

July 28, 2007 | Leave a Comment

I am still on vacation and since we have not had a rally followed by a failure I am still not shorting stocks. I will begin my bear operation only after we fail a rally here. You do not want to short now after all this extreme fear has been built up and so many charts are down so much from clearly safer times to be short. It sucks that I missed the financials but, trust me, if this is a start of a bear market we will have plenty of time to get short.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

One New Speculative Long Position And One Long I Am Repurchasing What I Just Sold

July 28, 2007 | Leave a Comment

ON VACATION UNTIL MONDAY. DO NOT GO LONG NAK, UNLESS IT IS A VERY SMALL PORTION OF YOUR ACCOUNT. CASH IS KING, RIGHT NOW. HUB.A IS STILL A NEAR PERFECT CHART BUT A BAD MARKET IS OBVIOUSLY STILL WORKING ITS MAGIC ON THIS ONE.

Posted by Joshua Hayes | Filed Under Free Archives Longs

No New Shorts For Friday; Remember, We Are Still Not In A Bear Market

July 26, 2007 | Leave a Comment

This selloff will have to lead to a rally. If we do not get a follow-through day and instead start failing at the moving averages, then and ONLY then will it be safe to start shorting as we will know the uptrend is done for now. I missed the banks because the market was still in an uptrend. I should have taken some short, but I did not out of discipline. Trust me, when we really rollover, I will be making money on shorts. Trust me. I have 2000-2002 and the downturns in 2004, 2005 and 2006 in my free blog at Mauitrader to prove it.

Posted by Joshua Hayes | Filed Under Free Archives Shorts

I Leave For My Vacation Tonight And What Happens…The Markets Crash. LOL.

July 26, 2007 | Leave a Comment

It is very very important that you read your IBD Big Picture tonight and go over the B section of the General Market. You must read what IBD writes. I am taking this as a correction and am advising EVERYONE to not go long stocks, do not chase shorts, but if something is setting up near both the 50 and 200 dma to go ahead and short. We might have bottomed today, with the horrible breadth, up to down volume, and the huge volume we saw. Only the upcoming week of trading will let us know what is going on. But for now, like I have been recently advising, its time to get off margin, sell laggards, stop buying stocks, and to monitor your stocks that are going up for clues that they might be over. Do not sell everything. If your stock acts like VDSI did today, then obviously there is no reason to sell. If your stock acted like BAM then you need to get out.

Posted by Joshua Hayes | Filed Under Free Commentary