September 2008

You are browsing the archive for September 2008.

No New Short Positions For Wednesday’s Stock Market Session

Stocks fell WAY TOO MUCH ON Monday to be in any safe position for a short. Therefore I need prices to continue to rally back to the key moving averages that still are within 15-20% of their 52-week high that I want to short. I will not short stocks that have already lost 75% of [...]

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One New Speculative Featured Long Position And One Speculative Long I Am Adding To My Existing Position For Wednesday’s Stock Market Session

I know it is hard to believe and I was shocked to see it too, but I saw two stocks make regular moves that I would take in a normal market. There is no way I will risk anything other than a baby trade on ANY LONG right now as the trend is down on [...]

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No New Short Positions For Tuesday’s Stock Market Session

After the beating the market took today you can believe that there would be no shorts tonight. Everything is way too extended and I came in a little short actually and will be looking to cover some of my positions in the AM. I will have a video (part two) later tonight to show you [...]

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No New Long Positions For Tuesday’s Stock Market Session

Buying stocks when the market is crashing? Are you kidding me? No way! No how! “No can, brah!” The bottom line is if you are still long, you are way wrong and unless your stock did not get creamed today it is time to fully abandon the bullish camp. I on the other hand have [...]

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One New Speculative (Especially In This Market) Long Position For Monday’s Stock Market Session

There is another Medical stock that has shown up in my scans as a long. However, once again going long in this market is extremely dangerous. The only thing that makes this a better choice for a long is that it is a Medical stock. These have been doing pretty well despite this horrible stock [...]

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No New Short Positions For Monday’s Stock Market Session

There was nothing even remotely close to being a safe (near the averages) short that fit the criteria that I must have in a short. We did hit two homeruns yesterday and I think we should brag as it is about time. RIMM fell 28% since my short and SDA fell 46% since my short. [...]

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No New Short Positions For Friday’s Stock Market Session

The good news is that I have 23 (only about 20% of portfolio–over 75% is in cash) stocks short and one of my biggest shorts is RIMM. I believe it was like a 30% drop after-hours and with my AAPL and FSLR chart soon the rest of my “FORMER HIGH FLYERS” will be shot and [...]

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Adding One Stock I Am Already Long For Friday’s Stock Market Session

This stock has been trending higher hugging the 50 day moving average after its very bullish move in June that came with max green BOP that held the entire month almost. That showed that this medical stock had more strength underneath than what was on the surface. I bougt it recently off the bounce, post-breakout, [...]

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No New Short Positions For Thursday’s Stock Market Session

There were no new short positions for Thursday’s market. However, if Thursday turns out to be a nasty bearish day then maybe we can have more shorts to go short than the largest positions that I am short. This market is getting very weak really fast which will either lead to a horrible down leg [...]

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One New Speculative Long Position For Thursday’s Stock Market Session

This one is a brand new IPO and might do well with the over -$10 stocks in the IPO screens. Stocks with prices under the 10 area in IPO land in a bear market should probably be avoided. However this stock is in an uptrend with green BOP, slightly rising volume, and a very bullish [...]

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