Stock Market Guru's

[patsfan1379]

Possible market reversal. Hope you didn't sell this am.

Possible ETF for $15 gain =USD. That's an etf for the chip sector, not the US dollar.

what does that mean in english?

 

[Raptorex]

thanks for the offering, I'll get back later.

 

[rsnoble-im-back]

what does that mean in english?

That means had you bought it when I offered it you would be up $7.00 now. Optimal entry is gone now.

One stock on my watch list is JRJC with an entry of $14, immediate stop loss of maybe $2.00 at most with a target of $20-25 within a couple months. Another is MTG with a buy @$17 and target of $30.

If you want anymore you have to pay me. Just depends. Market is way oversold still but oversold can always become more oversold. I still see a likelyhood of Nasdaq 3100 by end of May at which time it's time to get the hell out until everyone realizes that yes things really do suck shit and stop buying so I can short the piss out of this market.

 

[rsnoble-im-back]

Well I am not at all into stocks, But what I do know is that typically we have a few times where they drop a semi large amount yet bounce right back...This time it looks as though nothing is going to bounce right back for time to come. I say if you are getting slammed more and more and losing out more than normal, run.

I'll take the opposite side of your trade. The bus travels faster with fewer passengers.

 

[rsnoble-im-back]

thanks for the offering, I'll get back later.

Regarding your EMC:

No need to backtest, althought there is a gap @14.50. I don't think it will go there. Today is just a small pissing match, nothing to get concerned. Bullish divergence coming in, first target $19.15. After that I don't know right now.

 

[rsnoble-im-back]

Probably a good pick.

I picked up a few shares of JPM yesterday knowing that they are the only bank who knows what theyre doing. Hence the big lift today after their earnings came out.

Within the next 2 years theres really only going to be 2-3 big banks, and JPM will be one of them.

JPM chart set to breakout.

Whoever bought INTC----good pick. If you're at $30+ and Nasdaqs around 3k sometime around May---get the fuck out. I'm serious. And if your not and Nasdaqs still up there, get out anyway.

My play of the day was 500 shares of SPWR @$60.50. Already up $4+. My target is $200.00.

Things are different now in the markets, people get information fast and react fast. Thus more V patterns and such vs. rounded patterns. Everyone will still react the same but it will be instantaneous.

This week we hit historic precedents, concerning new number of lows, rally was to be expected. More records to come, '08 will be insane.

Coloring books are fun but that doesn't make you an artist. The market is more phycological than anything. I'm pretty much a nut, which anyone here already knows, and I seem to have fit right in.

 

[Wulfgar]

JPM and USB and BAC have all been great icks for me
I enjoy the high dividends from Bank stocks and they are extremely low right now so it is a great time to buy.
90% of my stocks are bank stocks
Then i play around with some day trading in the tech sector. I was so glad Apple hit the skids I swooped in @ 126 and bought up a shitload. same with IBM last week before they rallied and made some money

 

[patsfan1379]

buy low

 

[Wulfgar]

sell high

 

[rsnoble-im-back]

You guys watch your ass. Extreme volatility could be coming. We went from the end of the world monday to buy! buy! buy! today.

Too fast.

Use caution. There could be a another big downage coming rigged by the big boys to get that next rate cut next week.

You have 2 choices: Small positions and shut off CNBC or daytrade.

People are getting drunk too fast.

You never know, we could keep rising. Fast.

Basically: it's scarry right now. You have to bipolar.