brian4 Posted November 27, 2002 Report Share Posted November 27, 2002 Hi Folks-Welll I had a good day-the oex puts I bought yesterday went straight up and I still have them now well in the green. I bought full position puts on my favorite two hoars-klac and mxim they are in the green and I am holding-scalped some spx puts today for for plus 9 so all in all a KACHING day. TODAY THE TREND CHANGED! BELIEVE IT and get SHORT! The market turned on a Fibonacci day (today) and today was also a Bradley turn day. NazQuack the strongest market led the way down when the strong become the WEAK it's a huge indicator of a change in trend. NAZY was absolutely pulverized-pull up a chart and have a look-the SOX collapsed and won't recover anytime soon. I pointed out last nite that there were VERY LARGE purchases yesterday of Leap puts in all the indexes-that was DA BOYZ loading up for the sheep gutting. Now I know some of you are bruised a bit-but the RALLY is over-remember in Bear Markets the markets go down faster then they go up. Most importantly this time of year is seasonally bullish-for the rally to crap out here-is a huge tell about what is coming on the downside. Be there or be square-Trade Safe! Link to comment Share on other sites More sharing options...
buttugly Posted November 27, 2002 Report Share Posted November 27, 2002 Brian4 - I had a position on KLAC and closed it. I like the look of it again - for a number of reasons valuation, technical etc. But I am nervous about the short interest. I have asked this question before. And now I am going to aim at straight at you - as you seem pretty on the money. Can these SI numbers be believed? Should they be a concern? Why do they never seem to fall even after short squeezes? Or is the fact that the average daily volume is so high. Hell the whole float gets turned over every 10 days. Give me your take. My concern is stocks like this are just a law unto themselves. I think of all those old ladies who every day roll into the casino, pump there money into slot machines, apparently oblivious to fact that the odds are horrendous. Link to comment Share on other sites More sharing options...
Guest Posted November 27, 2002 Report Share Posted November 27, 2002 Agree B4, it's all starting to roll over now...helmets on guys, could be a rough trip but the main direction will be down until further notice.. http://www.financialsense.com/Market/commentary.htm "Could it be that this bear market rally, which has run the typical number of days and percentage gains as previous rallies, has run its course? There has been no fundamental change from October 9th up to today. There has been no surge in earnings and the economic situation has worsened. It may be that those who hyped this rally may now be short the rally. " Another bearish day here but the dippers have been galvanised into action by their brokers mouthing 'great buying opportunity' platitudes so the falls are being cushioned somewhat. Guess it's a bit of a short and wait game until the punters get a dose of reality... Link to comment Share on other sites More sharing options...
phatbubble Posted November 27, 2002 Report Share Posted November 27, 2002 phat, here's a list o' internuts - let me know if you find any good ones in there. http://home1.gte.net/mwfoley/stocks/intern...t1126_index.htm http://home1.gte.net/mwfoley/internet1126.htm well the Moonshot Award may go to WEBX: up 156% since intraday oct low (leading one in that figure is not a typo), with P/E of 100 - and 75% of revenues coming from one product. or, excuse me, service. and six institutions own 25% of shares outstanding. i wonder where THIS is headed? here, wait, let me get my Secret Decoder Ring.... Link to comment Share on other sites More sharing options...
brian4 Posted November 27, 2002 Report Share Posted November 27, 2002 Butt-KLAC&MXIM-are really this simple if the SOX go down they lead it down-SOX goes up they lead it up-now with these 2 puppies tight stops once you're in the money are a must but if the sox open down strong or up strong they are money machines. Now as to the short interest-a lot of funds who own those stocks sell calls against the stock and then short their own holdings it's a delta neutral strategy-that's why the interest never seems to drop much. Trade safe! Link to comment Share on other sites More sharing options...
Hiding Bear Posted November 27, 2002 Report Share Posted November 27, 2002 Anyway, does anyone know why the $US is so strong when all the FEED members are publically talking about wanting inflation and monetizing the bond market? Well how about that no one believes that he will or can even if he tried. If Greenman's threat to devalue the dollar by running the presses 24/7 and buying everything in sight were taken seriously, you'd wake up tomorrow and the POG would be somewhere north of $500/oz. So the market thinks the FEED emperor has no clothes? To add to your answer, maybe the market thinks there is no alternative to the world US$ reserve system. Very few countries ever bash the % publically. If the US dollar reserve system fails, $500 gold will be cheap (like the Capital Stool). Link to comment Share on other sites More sharing options...
Guest Posted November 27, 2002 Report Share Posted November 27, 2002 So the market thinks the FEED emperor has no clothes? To add to your answer, maybe the market thinks there is no alternative to the world US$ reserve system. Very few countries ever bash the % publically. If the US dollar reserve system fails, $500 gold will be cheap (like the Capital Stool). There seems to be a growing number of people out there that are taking deflation as a given regardless of what Greenman says or does. Just bluffing to buy time and hoping and praying that Saddam's oil and gold (once we grab it) will be enough to prop up the paper asset mountain a while longer. High stakes poker game and the loser not only goes home broke, they take him out back and shoot him. Link to comment Share on other sites More sharing options...
midnite lightning Posted November 27, 2002 Report Share Posted November 27, 2002 Helloooo stoolies! How is the pack of hungry bears? Trying to find the board here. I'm glad I got GPS. What a day. Got to love the action. Looks like consumers aren't so confident after all. Roast'em mercy! What a nervous wreck. Out since morniing and couldn't see the market action. I am damn glad I have sprint pcs. Finally ended up in the great state of Texas. I highly recommend a visit here for all the stoolies if you ever get a chance. Some of the nicest people you'll ever meet. Those mm's got a boot today. Love those red ones. Miss piggy finally broke the 84.50 mark and she is ready to roll. All my charts say the south bound is now boarding. The question is for how long? I guess we take what we can get. Be careful! CYA Link to comment Share on other sites More sharing options...
buttugly Posted November 27, 2002 Report Share Posted November 27, 2002 brian4: thanks. I had a look at KLAC & MXIM relative to SOXX and you are quite right - seems like a leveraged play on semiconductors. Thankfully I have been a little light on the semis. I will be looking to increase exposure once SOXX gets to the 200 day MA. As usual I think I will be trying to "hit singles". I have long standing positions in INTC, MXIM, AMAT, MOT, TXN, XLNX, MCHP, SMH (8/60) and have been eyeing ALTR, ADI, KLAC, LLTC and more SMH. Luck to all. Link to comment Share on other sites More sharing options...
brian4 Posted November 27, 2002 Report Share Posted November 27, 2002 NazQuacks rally in futures is falling apart-PUHLEEZE! a rally because Sun-the walking dead say they will MEET expectations-which are set so low an arthritic 90 yr old could JUMP over them-NAZQUACK will lead mark my words LEAD this market into the HELL awaiting it! Trade Safe! Link to comment Share on other sites More sharing options...
Tchaikofsky Posted November 27, 2002 Report Share Posted November 27, 2002 NazQuacks rally in futures is falling apart-PUHLEEZE! a rally because Sun-the walking dead say they will MEET expectations-which are set so low an arthritic 90 yr old could JUMP over them-NAZQUACK will lead mark my words LEAD this market into the HELL awaiting it! Trade Safe! Rally in Japan?: Business - Reuters Japan Stocks Up on Bank Reform Optimism http://story.news.yahoo.com/news?tmpl=stor...markets_asia_dc What Rally?: ASIA MARKETS Exporters lead Tokyo stocks lower http://www.marketwatch.com/news/yhoo/story...oo&dist=myyahoo Guess it depends on your perspective. Today's Anals were almost like a religious experience for me. There's nothing like hitting your head against the same stone wall for a series of weeks to help you realize . . . stop hitting your head against that stone wall! I cannot recommend strongly enough that those who lurk step up to the Stool, pay the lousy $19.29 and "see the light"! Many tanks, Doc Sidovitch! Link to comment Share on other sites More sharing options...
brian4 Posted November 27, 2002 Report Share Posted November 27, 2002 Two of our stalwarts are missing in action-Merciless where are you? Fokker-where are you? are you out of rehab Yet??? Trade Safe! p.s. Torah man-are you glad you are short! Link to comment Share on other sites More sharing options...
Hypertiger Posted November 27, 2002 Report Share Posted November 27, 2002 So all the feed was basically allocated somewhere else? If tomorrow is a triple pointer down then the new bull is just the old bull right? because it can't be "no bull?" Link to comment Share on other sites More sharing options...
Drano Posted November 27, 2002 Report Share Posted November 27, 2002 I suspect a lot of the regulars (pardon the expression) are wandering around in cyberspace wondering where everyone is. I posted on Torah's original announcement thread to bring it back up near the top -- maybe Merciless et al (I mean, and everyone, not and AL) will be able to beam over here. Getting tired of waiting for IBM to croak. Maybe they can levitate that POS higher before the weight of its depredations implodes it. Link to comment Share on other sites More sharing options...
phatbubble Posted November 27, 2002 Report Share Posted November 27, 2002 strongly recommened doc's 11/27 anals to anyone needing a stiff shot of something. Link to comment Share on other sites More sharing options...
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