sell! sell! sell!

[BASEHEAD]

Give me your best short right now so I can cheer with you when it gets crushed going forward.



I guess I'm in the wrong thread if this thread is only to throw a party when the market gets crushed and put a damper on any bull rallies and anoint them as nothing more than a sharp bear market rally.

He could pick the NYTimes or pretty much any lib newspaper and you could be in trouble.I hardly ever look to cash in on the way down but Im looking for one now.It seems like they just havent figured it out yet as an industry.For the most part it seems like they know what they want to do but dont know how.Maybe its just too difficult to gain traction w/ the amount of competition online.Plus newsprint circulation is tied to real estate in a round about manner which will further strain this battered sector.Any slowing in the economy will diminish ad spending.Still alot of downside IMO.

Any opinions anybody

 

[tiznow]

i'll have to think about it more basehead i'll let ya know might have a good idea there

not really sure what specific industry is a good target in general right at this moment

a huge target for me was home builders in the everything is gonna be just fine we will rebound soon days to crapola not a time to get in now granted i'm still hanging on and i think some will go to zero in the end

no vested interest to save the home builders, honestly its good for the housing market overall as it removes supply from the market

thinking retail will get hit in the face soon reason i'm looking at amzn, plus regardless its trading at an insane multiple to boot

one of the few big name techies back in the internet bubble days that is back to near its 2000 peak currently

:nohead:

 

[tiznow]

He could pick the NYTimes or pretty much any lib newspaper and you could be in trouble.I hardly ever look to cash in on the way down but Im looking for one now.It seems like they just havent figured it out yet as an industry.For the most part it seems like they know what they want to do but dont know how.Maybe its just too difficult to gain traction w/ the amount of competition online.Plus newsprint circulation is tied to real estate in a round about manner which will further strain this battered sector.Any slowing in the economy will diminish ad spending.Still alot of downside IMO.

Any opinions anybody

nah i took a look i don't like beating a dead horse when its down on the short side

i like frothy crapola when i enter

plus some media company will probably step in and snatch up nyt if it gets cheap enough, regardless of its future it will always have the name brand to go with it

 

[Brooklynbomber]

markets are pricing in a .50 point cut....as predicted on here last month when the "experts" on CNBC were talking about no change or possibly a hike

easiest money you will ever make is fading CNBC.....where do they find these fucking guys?:lol:


PS - the talk of rate hikes in Europe is BS too....look for the ECB to cut rates next meeting and continue int o next year....it's a race to the bottom boys. Got Gold?

 

[Brooklynbomber]

I guess I'm in the wrong thread if this thread is only to throw a party when the market gets crushed and put a damper on any bull rallies and anoint them as nothing more than a sharp bear market rally.

nah you're in the right place hitman.....if anything you need to post more

I'm 90% in commodities, but I have a large stake riding on the SIRI/XM merger. 80% chance it goes through IMHO, and when it does SIRI will spike to around $4.45 and XMSR $20.10, at which points profits should be booked.

unfortunately they are wiping out the stops every few days now, so one needs to be watching these things by the minute without stops in place because they will drop like a rock if it does not go through. rest assured I will short them both down to $2.50 and $9.50 if that is the case.

 

[Brooklynbomber]

btw anybody playing that merger - it's going down any day now....no more than a week out

I probably paid for Ameritrades x-mas party this year just on SIRI trades alone

 

[Dawoofdaddy]

Whats funny about this mortgage bailout is that the resets havent even started.

As King Paulson mentioned...those people will become renters.

Im adding....they should have remained renters instead of being given loans for homes they couldnt afford.

Also, anybody that still thinks the usa is still a capitalist country, needs to open their eyes.

This mortgage bailout is beyond ridiculous.

Another band-aid on a paper cut thats growing larger than the grand canyon.

:finger:

 

[BASEHEAD]

Well I decided on SPP.

In at 44.11 ,stop loss @ 48.52.

One of the few whos chart doesnt look like total dogshit but theyre in trouble still.Bit of a rally lately and trading over its 100 DMA for a couple of weeks now.Dont seem quite as poised as the NYT to turn things around anytime soon.

 

[Jointpleasure]

Hitman,

Looks like the big boys attached a rocket launcher on the da Vinci.

 

[Hitman26]

Jointer, it looks like I'm going to lose my stock. I sold some covered calls against it which strike at 330 and expire on December the 21st. I put the trade on when ISRG was trading at 280 2 weeks ago and never thought it would shoot up more than 50 points in 23 trading days. It only took 11 trading days to get there plus 15 points. I'm either consider one of 3 options....

1. buying back half of the calls I sold and keeping half of my shares and keeping it around 30% of my holdings
2. letting it all go and selling naked puts in the coming months to continue to make money (The tax man will really liketh this option)
3. buying back all of the calls I sold but I will feel like I'm buying in haste and chasing the rocket



I really hope ISRG is trading under 335 by the 21st but at the rate it's going now it will be around 380.



It's definetly a high quality problem that I'm having here.

 

[Jointpleasure]

Wow Hitman,

I'm not educated on calls and puts and how they work, but it seems like your in a difficult situation here now.

I just got in 320 then proceeded to watch it drip down. For some reason it never bothered me much. Bought more in the 290's and then more when it got into the 270's.

Best of luck whatever you decide to do. You never know, profit taking may bring it back down as fast as it went down from its previous high.

 

[tiznow]

well i'll be honest i'll become a somewhat scared short

if they are able to plow through the current levels with conviction

dow, S&P, and nazdaq 100 all pretty much touching its 50 DMA in unison right now and also at the downtrend line since we peaked in october

 

[tiznow]

alright when i get frightened with my convictions usually a good time to push even harder

amzn short at 94.21

downtrend line since october high being tested right now

I say it fails....

 

[Hitman26]

Jointer:


It's not for the weak of heart. Were you buying it for a short term trade or did you have a long term view? It's good that you had resolve not to sell when it was dropping. That shows you have a good stomach and that buying and holding good stocks is right up your alley.



Here is a great Peter Lynch quote:


Everyone has the brainpower to make money in stocks. Not everyone has the stomach. If you are susceptible to selling everything in a panic, you ought to avoid stocks and stock mutual funds altogether

 

[Hitman26]

alright when i get frightened with my convictions usually a good time to push even harder

amzn short at 94.21

downtrend line since october high being tested right now

I say it fails....

Tizzy, I like your play.

 

[cussin'it]

Woo hoo! 14K here we come again.



Up, up, and away!!!

:toast:

 

[Willie99]

Woo hoo! 14K here we come again.



Up, up, and away!!!

:toast:

Wow, another 175 points.

Cuzz, imagine if this wasn't a "bear" market

On a more serious note, I noticed those new jobs numbers didn't get much play around here. How about consumer spending?

I'm sure glad I don't concern myself with that market timing stuff. I've seen that bullshit ruin many a good man. Kinda like going to the track a tad too often.

Don't worry boys, I'm sure a down day is right around the corner.

 

[Brooklynbomber]

nice bounce off the double bottom last 2 weeks...and ECB cut rates today, both as predicted

wait until our "fed" cuts rates by .50.....should be a fat santa claus rally, alot is baked in though

however.....when 4th Q earnings start to roll in....good chance we break the previous lows. JMHO


gl

 

[Seymour]

Wow, another 175 points.

Cuzz, imagine if this wasn't a "bear" market

On a more serious note, I noticed those new jobs numbers didn't get much play around here. How about consumer spending?

I'm sure glad I don't concern myself with that market timing stuff. I've seen that bullshit ruin many a good man. Kinda like going to the track a tad too often.

Don't worry boys, I'm sure a down day is right around the corner.

'
Some day the sub prime and housing market will be under control - when that day comes - these markets are going through the roof - and I'll be part of it.

 

[tiznow]

'
Some day the sub prime and housing market will be under control - when that day comes - these markets are going through the roof - and I'll be part of it.

the key word being someday