got back in some more EDC ~ 112

can't help myself

8/5/2009 10:49:53 AM

No market gaming here folks

http://www.zerohedge.com/article/goldmans-42-100mm-trading-days-q2-absolute-unprecedented-record-just-two-days-trading-losses

8/5/2009 11:24:32 AM

AIG and CIT up 40%, simply stunning.

I'm about 10 minutes away from just booking all these losses and forgetting about the stock market for awhile. The small time guy just can't beat the Fed. This was the story in April and May, and after a small break in June to make sure the "technicals" still made sense, they are back at it again trying to manufacture a break of the overhead resistance and the volume is so low in the market they are able to do it.

8/5/2009 12:28:41 PM

Always a sign of a functioning economy when a company was near death and got untold billions from the government (which they promptly handed over to banks all over the world) is up 70% in one day.

8/5/2009 1:48:59 PM

I bought shares of the wrong bank that starts with C I T.

but, I guess i'm up on C about 10%.

would prefer 70%

8/5/2009 1:57:14 PM

How well fucking timed. Godman Sachs just pumped up their GDP forecast by 200% from 1 to 3% for the second half.

Thats fan fucking tastic.

Is that similar to how you were calling for 200 oil right before the market shit the bed? Or how you were loading up on CDSs as you were happily selling CDOs with fresh AAA ratings to trusting investors? Holy fuck.

If it seems like I just went non linear


I FUCKING DID

8/5/2009 2:52:47 PM

i hope CSCO earnings dont dent TYH too much

8/5/2009 4:50:13 PM

~70% of my stocks are now above their strike prices.

This might actually turn out really well for me.

8/5/2009 4:58:31 PM

Are you guys just switching your brains off or am I following people that are entirely too bearish for their (and my) own good? I was doing well through the middle of the run into June before the correction (was out of the market during the correction), did well the first couple of days on the run up and then started looking for the turn and more than clobbered my gains from the previous periods.

8/5/2009 9:20:34 PM

And the REIT pump job continues unabated for a third day. This...this is something spectacular.

8/6/2009 9:36:37 AM

Oh, and AIG Up 110% in two days, another 30% today. I'm done with this market. Booking the huge losses and getting the fuck out of it until some semblance of reality returns.

8/6/2009 9:45:18 AM

http://finance.yahoo.com/news/Labaton-Sucharow-LLP-Files-pz-3481984511.html?x=0&.v=1

8/6/2009 10:30:20 AM

Same story for the past 5 days. Market opens with a drop until about 10-10:15, then it moves up to breakeven. This is how you know some serious manipulation is in the works. Pump the futures, regardless of the data, sell into the opening mania as more and more retail investors jump in. Re-buy when it bottoms an hour later.

8/6/2009 11:17:57 AM

well if you're so aware of what's going on, why don't you take advantage of it and make some money

8/6/2009 11:40:21 AM

Because I just noticed it today after it had already started it's melt up? I'm not playing the market really today anyway as I'm studying for an exam.

8/6/2009 11:49:33 AM

http://www.ft.com/cms/s/0/0860e006-81f4-11de-9c5e-00144feabdc0.html?ftcamp=rss&nclick_check=1

Quote :

"Goldman has record trading days By Greg Farrell and Francesco Guerrera in New York Published: August 5 2009 20:30 | Last updated: August 5 2009 20:30 Goldman Sachs traders made more than $100m in revenues on each of a record 46 days during the second quarter, while losing money on just two days, the bank said on Wednesday, in a filing that underscored the strength of its trading operations. Goldman also said lawmakers, regulators and shareholders had asked about its bonus awards, a subject that has generated fevered interest this year as the bank has reported strong profits. It “received inquiries from various governmental agencies and self-regulatory organisations regarding the firm’s compensation processes” and was co-operating with the requests."

8/6/2009 1:03:13 PM

Bout 25hrs too late.

8/6/2009 1:26:20 PM

heh, so it is. nobody clicks links that have no quotes or at least commentary. :-)

8/6/2009 1:40:31 PM

http://www.reuters.com/article/ousiv/idUSTRE5755BC20090806

Quote :

"The Nasdaq Stock Market and BATS Exchange said in separate statements on Thursday they will "voluntarily" stop offering so-called flash orders, a controversial service that gives certain firms an advance look at market-bound trading orders."

8/6/2009 3:36:34 PM

You guys thought I was joking when I said rumors were floating that the Fed was active in the stock market

http://www.zerohedge.com/article/feds-ust-pomo-pyramid-scheme-exposed

8/6/2009 10:14:41 PM

bought some CHDX & DISH

8/10/2009 10:50:30 AM

like i said

Quote :

"well if you're so aware of what's going on, why don't you take advantage of it and make some money"

Wall Street Super-Computers Are Stealing Your Money
http://www.growthstockwire.com/archive/2009/jul/2009_jul_30.asp

Adapt or Die
http://www.growthstockwire.com/archive/2009/aug/2009_aug_06.asp

Quote :

"Regulators are now looking into ways to reduce the effects of HFT. But they're so far behind the curve, any new laws they come up with will be antiquated before they're passed. No one should rely on the folks in Washington to act on their behalf. Instead, if you know you're playing in a rigged game, your job is to bet on the side of the riggers"

[Edited on August 11, 2009 at 11:33 AM. Reason : win]

8/11/2009 11:27:49 AM

It's safe to say nearly anything you find related to the market I've long since devoured. I've been reading about HFT, dark pools, Sigma X, and PT for over a month now. As a matter of fact I played for late day surge yesterday at nearly the 2:30 bottom and made nearly 70% on some DIA calls.

Generally, if the volume is low enough then there is a high probability it will happen. Today is another good example with volume running below average to this point in the session. It makes it really easy for the computers to start jamming it up. If you're really interested, stick a VWAP plot on SPY or DIA and any time this afternoon it looks like they are going to touch the VWAP point, the probability is insanely high we'll get a good pop.

8/11/2009 12:36:20 PM

AIG is on one HELL of a rollercoaster. Glad I sold most of mine @27.80 on thursday.

8/11/2009 1:22:10 PM

I tried to short some of it yesterday but its on the HTB list.

8/11/2009 1:30:38 PM

any advice from the more savvy folk on here for what to invest in or try to flip w/$2K?

8/11/2009 1:45:18 PM

You mean, gambling?

You can't do a lot with 2k as commission starts eating pretty quickly. I'd wait a few days at least to see if the market is going to correct or if it is going to power higher. Tomorrow the Fed has the results of their 2 day meeting and it should be a market mover either way. If they come out and say the economy is improving and they are stopping quantitative easing, we could see more funds that haven't gotten on board jump on the train and power things up another 5-10%. If they come out and don't say they are ending QE and are keeping rates at 0 it could be a signal to the market that we've come a little too far too fast and we get a bit of a correction.

Just keep in mind it bumped up into resistance 4 days last week (and from the previous Friday) before using a manipulated NFP number to crack through the resistance (roughly 1000 on the S&P, 2000 on the NAS, 575 on the R 2000)...and here we are 2 days later already back under those levels. That isn't really bullish. It could be a minor pause/head fake, but you'd need a real catalyst for that to happen.

8/11/2009 2:16:44 PM

btw, here is someone with many more years experience than me who has arrived at more or less the same conclusion I just did

http://slopeofhope.com/2009/08/imho-fomc-stfu.html

8/11/2009 9:09:23 PM

bullshit, i turned 1500 into 4500 in the last two weeks, it can be done with the correct techniques

and its not gambling when you know what will happen and when!

[Edited on August 12, 2009 at 1:26 AM. Reason : pwnt]

8/12/2009 1:25:10 AM

Which stocks did your dart land on?

8/12/2009 9:32:57 AM

Quote :

"when you know what will happen and when"

rrrrrrrright

8/12/2009 9:51:04 AM

^^^^

i like the comparison of charts in that link.

think of it all this as waves vs. intraday tides vs. seasonal tides vs. sea change.

the day to day or weekly moves are like waves or intraday tides;

quarterly/semiannual/annual trends (i.e. movement during earnigns season, "sell in May and walk away", etc) are like seasonal tides;

sea changes are macroeconomic shifts. i.e. are we entering a period of stagflation? is the relative value of developed market currencies to emerging ones affecting equity and asset betas, such that if affects the availability of capital to the free markets? how are the "re-emerging" markets of India and China impacting the way the world prices risk and reward?

in a manner of speaking, most of us are on surfboards or wave-runners. each of us needs to be able to surf the waves without being wiped out or carried out to sea by an undertow. also, be wary of blackswans/anomalies or periodical hurricanes, tsunamis, and el ninos that can interfere with the seasons ands tides, and leave a lot of destruction and casualties in their path.

8/12/2009 11:54:23 AM

guys,

i've always found profitable short term plays, recently ones such as FUQI & CISG, by spotting them with gains via unusually high volume on the following:

http://www.nasdaq.com/aspx/unusualvolume.aspx

its a good resource for leads. remember to do your research and have an exit strategy.

8/13/2009 11:26:00 AM

damn, look at the volume on C today, over a billion shares traded.

8/14/2009 3:59:13 PM

That's not unusual at all if you look at it's trade history over the past 3 weeks.

8/14/2009 4:17:05 PM

Figures, I bought Sept SDS calls for 2.75 last Thursday near the close with the expectation the market was going to turn in the next 1-3 weeks.

I was already up 15% on them with the Friday morning plunge, missed my sell fill, and manage to get out of them a bit later for a mere 8%.

Of course, the big selloff that everyone has been waiting on for weeks finally hits today and is going to push those calls up another 50% from where I sold them.

8/17/2009 9:26:07 AM

bought some EDC @ 95 and change

can't help myself

8/17/2009 11:37:08 AM

.

[Edited on August 17, 2009 at 11:53 AM. Reason : .]

8/17/2009 11:52:41 AM

also bought some FAS, TNA, & TYH

just felt like there was too much fear in a short amount of time (they even sold off gold), and i've had some cash on the side for a while. will likely get some more of these direxion etfs tomorrow, and will know later in the week if the short term trades worked out. trailing stops will be key..

8/17/2009 5:08:32 PM

The lack of the end of day stick save makes me think we'll see another 1-1.5% follow through tomorrow.

8/17/2009 7:41:28 PM

^ Same here.

8/17/2009 8:44:55 PM

Though I read somewhere recently about a theory to the end of the day rallies. That is, the volume is so light and the market tends to move up and down enough during the day that shorts are loading up at various points during the day and towards the end the program trading starts buying and figures out when the shorts are forced into covering and then it's just a cascade effect.

The theory today was the morning gap down was so fierce that there were no shortable points, thus nothing to cover at EOD to fuel a pop into the close.

8/17/2009 9:27:12 PM

just put in tight trailing stops on those 3x ETFs bought yesterday

8/18/2009 11:30:28 AM

After buying some SIRI at 0.36 in May I sold it today at 0.575 for a return of around 56%.

8/18/2009 3:34:29 PM

I don't play a lot of individual stocks particularly penny stocks but I have to admit I was intrigued hearing about that company who is providing airlines with clean fuel for their groundtesting.

It was up 88% yesterday and I know nothing about their balance sheet, valuation, or business model so this is far from a recommendation but I do feel that smallcaps with super upside are going to be prime targets to get bought by the large companies who are sitting on huge cash positions. Think about it, the smallcaps will have tough time securing favorable financing in this credit environment so they should be more likely to sell out at a good offer. Some of the "bad guys" of the oil industry could also use a company like this to help their public perception and if ultimately its not viable or subsidized enough just put it to bed quietly.

Someone help me out with the name/symbol i gotta get on the road.

8/19/2009 6:59:48 AM

SDS calls I bought into the close will be up about 18% on the open. I'll sell half and wait for a pullback for a bit of a reload and sell the full lot by 10:30 which is about where we'll bottom and spend the rest of the day hanging out.

8/19/2009 9:13:12 AM

I just figured out who has been driving the stock market for months
CHINA

just heard on CNBC that china had used a lot of money to speculate in the market, that explains it all to me, china owns us now

this would also make sense since they continue to buy our debt which insures their stocks continue to go up.

[Edited on August 19, 2009 at 3:05 PM. Reason : .]

8/19/2009 3:05:13 PM

This...this fucking market...I buy DIA puts for .77 and get trailing stopped in minutes. Now I see the market decided it was a bit too retardo this morning and is pissing off all that spike it had and those puts are going for .90.

Good job guys!

8/19/2009 3:12:05 PM

people, you have got to be buying the dips right now. yes, even after the 5 month runup. the short side is too crowded, that is why we keep moving higher. if everyone is short and it doesn't roll over, there is no place to go but up. i exited SDS on July 10 and started accumulating SSO on the 15th at about 26. bought another nice chunk two days ago. DO NOT FIGHT A CLEAR BULL TREND - THE MARKET WANTS TO MOVE UP. you've got to play it from the long side for now. shorting a bull market is a quick way to lose your money. if you are really scared of a huge correction just go to cash. but until we make a significant break downward on high volume it ain't gonna happen.

8/19/2009 8:19:07 PM

Yeah, I said just that today in the chat on the stock site I am a member of

Quote :

"August 19th, 2009 at 4:57 pm | Permalink Guys, I think it’s time to switch off the incessant bear hope because it is obvious that fundamentals aren’t at play and aren’t going to be for awhile. Either A) Money is coming in from somewhere at all pullbacks, or B) There is no fear to panic sell into drops. If 180pts in a day when everyone was thinking a pullback was inevitable and long overdue wasn’t enough to get a proper correction started, what is? Especially when you consider days like today when the market rocketed higher on what appears to be bullish news for energy. "

I think fund managers are getting performance anxiety because they sat out so much of the rally and now with steady better than expected data and reasonable earnings, they are jumping in so that they don't underperform their peers. This is aided by GS making 1060 S&P predictions as if some hidden in the public to start the buying. It'll probably take them into mid October to fully get into their positions and the Fed will announce it's raising rates and whack them all.

Fortunately, I've been quick and nimble with moves and have been sitting in cash for a couple of weeks.

8/19/2009 9:17:38 PM