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free of charge: Traders Whiteboard 3
Have a great weekend, everyone!
Friday, February 29, 2008
Thursday, February 28, 2008
STP - The Next Behemoth of China?
STP closed @ 37.9
As you already know, and as i keep reminding you just about everyday for a whole year now, i love solars and believe the bull market in solars and alternative energy will be huge (possibly 4x bigger than the internet bubble).
If you don't own the leaders (SPWR, FSLR, STP) yet, it is time to buy some. Jim Jubak makes FSLR and STP two of his top 3 solar picks. (The other one is Q-cell.)
On a different note, natural gas stocks like APA and EOG are on fire. I consider natural gas as alternative energy, don't you? These 2 are great long term plays.
Interesting articles:
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As you already know, and as i keep reminding you just about everyday for a whole year now, i love solars and believe the bull market in solars and alternative energy will be huge (possibly 4x bigger than the internet bubble).
If you don't own the leaders (SPWR, FSLR, STP) yet, it is time to buy some. Jim Jubak makes FSLR and STP two of his top 3 solar picks. (The other one is Q-cell.)
On a different note, natural gas stocks like APA and EOG are on fire. I consider natural gas as alternative energy, don't you? These 2 are great long term plays.
Interesting articles:
buy this stock
Wednesday, February 27, 2008
FLS is a good way to play the oil sector.
FLS closed @ 102.5
The stock is gapping higher afterhours about $9 for beating estimates. While i think the oil sector is very near the top and many of the oil companies are sporting very high market capitalizations, i think this supplier of flow control equipments to the oil industry will continue to benefit from the mad rush to find more oil (and natural gas) and continued the build-out of more plants once the oil is located.
Companies that supply the picks and shovels to everyone else who wants to find stuff, whether it be gold or oil or natural gas, are usually decent investments.
Intermediate to longer term play.
Interesting articles:
buy this stock
The stock is gapping higher afterhours about $9 for beating estimates. While i think the oil sector is very near the top and many of the oil companies are sporting very high market capitalizations, i think this supplier of flow control equipments to the oil industry will continue to benefit from the mad rush to find more oil (and natural gas) and continued the build-out of more plants once the oil is located.
Companies that supply the picks and shovels to everyone else who wants to find stuff, whether it be gold or oil or natural gas, are usually decent investments.
Intermediate to longer term play.
Interesting articles:
buy this stock
Tuesday, February 26, 2008
hot China + hot Solar = hot STP
STP closed @ 40.8
This future monster is way oversold. You know i love solars but if you like China too, then STP is for you! STP is expected to have revenue of nearly $2 billion this year. Their current market capitalization is only 6 billion. Too cheap when you look at how fast this company is growing.
Goldman Sachs just put STP on their Conviction Buy List. Jim Jubak of MSN also helped pump this stock today. All the signs of a bottom is here.
If you paid any attention to the comments (mostly me pumping the stock) of the previous post and bought, then congrats!
I believe STP will see north of $80 this year. Be sure to get your share of the top 3 solars: FSLR, SPWR, STP.
Interesting articles:
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This future monster is way oversold. You know i love solars but if you like China too, then STP is for you! STP is expected to have revenue of nearly $2 billion this year. Their current market capitalization is only 6 billion. Too cheap when you look at how fast this company is growing.
Goldman Sachs just put STP on their Conviction Buy List. Jim Jubak of MSN also helped pump this stock today. All the signs of a bottom is here.
If you paid any attention to the comments (mostly me pumping the stock) of the previous post and bought, then congrats!
I believe STP will see north of $80 this year. Be sure to get your share of the top 3 solars: FSLR, SPWR, STP.
Interesting articles:
buy this stock
Monday, February 25, 2008
Monster agriculture stock TNH pays you 14% in dividends!
TNH closed @ 139.7
I don't like much about agriculture stocks but this particular is very hard not to like, especially when the company pays ya nearly $18 per share (14%) in annual dividends.
The agriculture sector is on fire and it looks to be that way in the foreseeable future.
Nice growth and very nice profit margins, plus a 4 million shares float, i gotta give it two thumbs up.
Interesting articles:
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I don't like much about agriculture stocks but this particular is very hard not to like, especially when the company pays ya nearly $18 per share (14%) in annual dividends.
The agriculture sector is on fire and it looks to be that way in the foreseeable future.
Nice growth and very nice profit margins, plus a 4 million shares float, i gotta give it two thumbs up.
Interesting articles:
buy this stock
Sunday, February 24, 2008
ENER gonna become a Big Playa?
ENER closed @ 27.50
I read an article about ENER in the year 2000 about this company having the potential to become the next Microsoft. I give you the next Microsoft. Since then, the company hasn't really been able to commercialize much of their highly advanced technologies. Recent management shuffle and their current focus on their solar business is helping the company to almost achieve profitability. I personally think that (solars) is where they need to be for the forseeable future.
At 1 billion market cap, i think ENER is very cheap especially when it appears that the company is turning around and moving forward.
The stock is sitting just below 2 important resistances right now. It needs to close above 28.7 (the 200dayMA) to start a new uptrend. Keep this stock on your radar. I think this stock flies second half of this year. The potential for this company is enormous. It now depends on the new management.
I read an article about ENER in the year 2000 about this company having the potential to become the next Microsoft. I give you the next Microsoft. Since then, the company hasn't really been able to commercialize much of their highly advanced technologies. Recent management shuffle and their current focus on their solar business is helping the company to almost achieve profitability. I personally think that (solars) is where they need to be for the forseeable future.
At 1 billion market cap, i think ENER is very cheap especially when it appears that the company is turning around and moving forward.
The stock is sitting just below 2 important resistances right now. It needs to close above 28.7 (the 200dayMA) to start a new uptrend. Keep this stock on your radar. I think this stock flies second half of this year. The potential for this company is enormous. It now depends on the new management.
Thursday, February 21, 2008
Why I'm So Obsessed With Solars
Before i start explaining why i keep on recommending solars when they have been going down, i want you to take a quick read on these two recent links on Boone Pickens, super oil hedge fund manager:
Boone Pickens on FastMoney
Boone Pickens on Squawk Box
Boone Pickens is an impressive fund manager who made like $1 billion in income for himself two years ago. His calls on where oil goes have been impeccable all the way. This guy loves to invest in oil. I wouldn't be surprised that he used to work for oil companies and that his relatives are oilmen. But to hear him say that he believes in alternative energy sends tingles down my spine. He said "solar is almost there", although i'm not sure exactly what he means by that except maybe he's talking about grid parity. He is also changing his view on ethanols, and believes now that they are viable versus his earlier stance. The writing is on the wall, and destiny is likely already written.
So now, why do i keep recommending solars when clearly they are in a downtrend? The reasons are three-fold:
1) I believe that alternative energy will be the next big big thing, as i've told you many times. We were lucky to be in solars a year ago. I believe we will also be lucky a year from now, to be in solars right THIS moment in time. Where else can you put your investment dollars right now? EBAY, MSFT, RIMM, AAPL, GOOG? These stocks are so huge already that there will likely not be any growth left. They will trade mostly range-bound for many years to come, just going up and down up and down. At best, if they do really really well, they can double, or even quadruple for GOOG once they take over the world. With solars, you only have 1 pure play solar stock that is more than $10 billions in market capitalization - FSLR. As long as we don't yet have a "solar intel" (with at least 100 billion market cap), we are not late to the party. I like solars more than the other forms of alternative energy is because they make the most money and are growing the most rapidly, but also very importantly, solars are about BOTH energy and technology. Technology is usually where all the hypergrowth will be at. Once we get thru this temporary bear market, solars should rally when tech rallies and when energy rallies.
2) Very few people can time the exact bottoms, just like they can't time the exact tops. Right now, i'm liking very much what the solar leaders are doing. They are in the process of forming rounded bases, as opposed to unhealthy "V" bottoms. As they are forming bases, they will naturally trade within a range, up and down, up and down, until they finally breakout (or possibly breakdown as the case may be). I personally think the solars have essentially bottomed. Let me tell you what i think is happening with the 3 solar leaders - FSLR, SPWR, STP - as i see it. FSLR is obviously the strongest of the 3, so let's look the one just behind FSLR.
SPWR chart
Take a look at the CMF, which indicates institutional money flow. It's green, so they're coming in. Look at the PPO on the weekly chart. Too oversold too fast, and is showing signs of a turnaround. Remember that day where SPWR got the atomic bomb dropped on it, sending it to $56 and then a quick powerful reversal ensued? That's very very likely the bottom. Taken everything together and add them up, SPWR has bottomed. It looks to be in the process of forming a rounded base right now. I'm saying the bottom is already in, but it will gyrate back and forth until it is ready breakout. I don't know exactly when it will breakout definitively and leave this sordid bottom behind. Neither do you. There will be many fakeouts before the real breakout. STP recently broke down after earnings, but i'm already seeing positive money flow into the stock right this moment. It'll take some time to work out a base.
3) Everyday, there are new readers coming to this blog. Since i believe solars have bottomed, i'm gonna continue recommending them until everybody who visits this blog has a piece of the solars (especially the leaders). Some of them will end up getting the absolute lowest price, but i think everyone is getting a piece of the bottom if they buy recently. You can't complain if you got FSLR at 150ish or SPWR below 60 (I remember pounding the table at those price points). If i recommend a solar and you get a quick profit and you want to sell, that's mighty fine. But if the solar stock drops right after you buy it, that should be fine too because i hope at least you're thinking about buying solars for the longer term. If you just want to daytrade solars, then i suggest you just fade the morning gaps.
I'm glad Jim Cramer is at least positive on FSLR, indicating he sees a future in solars. If he doesn't, then he "knows nothing". This is a good time to utilize one of Cramer's strategies of "trading around your core positions". What that means is that when the stock rises to resistance or is overbought in the short term you sell a fraction of your shares, and when the stock dips to support or is short term oversold you buy some more of the stock. I recommend you own some leaders because in the next year or two there will be more solar companies coming into existence and going ipo. Some of the 2nd or 3rd tier solars we know now may not be around within 5 years.
This post is getting too long on the tooth, but i hope it helps.
Get your favorite symbols' Trend Analysis TODAY! Click Here
Interesting articles:
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Weapon Of Choice For The Modern Samarai
Boone Pickens on FastMoney
Boone Pickens on Squawk Box
Boone Pickens is an impressive fund manager who made like $1 billion in income for himself two years ago. His calls on where oil goes have been impeccable all the way. This guy loves to invest in oil. I wouldn't be surprised that he used to work for oil companies and that his relatives are oilmen. But to hear him say that he believes in alternative energy sends tingles down my spine. He said "solar is almost there", although i'm not sure exactly what he means by that except maybe he's talking about grid parity. He is also changing his view on ethanols, and believes now that they are viable versus his earlier stance. The writing is on the wall, and destiny is likely already written.
So now, why do i keep recommending solars when clearly they are in a downtrend? The reasons are three-fold:
1) I believe that alternative energy will be the next big big thing, as i've told you many times. We were lucky to be in solars a year ago. I believe we will also be lucky a year from now, to be in solars right THIS moment in time. Where else can you put your investment dollars right now? EBAY, MSFT, RIMM, AAPL, GOOG? These stocks are so huge already that there will likely not be any growth left. They will trade mostly range-bound for many years to come, just going up and down up and down. At best, if they do really really well, they can double, or even quadruple for GOOG once they take over the world. With solars, you only have 1 pure play solar stock that is more than $10 billions in market capitalization - FSLR. As long as we don't yet have a "solar intel" (with at least 100 billion market cap), we are not late to the party. I like solars more than the other forms of alternative energy is because they make the most money and are growing the most rapidly, but also very importantly, solars are about BOTH energy and technology. Technology is usually where all the hypergrowth will be at. Once we get thru this temporary bear market, solars should rally when tech rallies and when energy rallies.
2) Very few people can time the exact bottoms, just like they can't time the exact tops. Right now, i'm liking very much what the solar leaders are doing. They are in the process of forming rounded bases, as opposed to unhealthy "V" bottoms. As they are forming bases, they will naturally trade within a range, up and down, up and down, until they finally breakout (or possibly breakdown as the case may be). I personally think the solars have essentially bottomed. Let me tell you what i think is happening with the 3 solar leaders - FSLR, SPWR, STP - as i see it. FSLR is obviously the strongest of the 3, so let's look the one just behind FSLR.
SPWR chart
Take a look at the CMF, which indicates institutional money flow. It's green, so they're coming in. Look at the PPO on the weekly chart. Too oversold too fast, and is showing signs of a turnaround. Remember that day where SPWR got the atomic bomb dropped on it, sending it to $56 and then a quick powerful reversal ensued? That's very very likely the bottom. Taken everything together and add them up, SPWR has bottomed. It looks to be in the process of forming a rounded base right now. I'm saying the bottom is already in, but it will gyrate back and forth until it is ready breakout. I don't know exactly when it will breakout definitively and leave this sordid bottom behind. Neither do you. There will be many fakeouts before the real breakout. STP recently broke down after earnings, but i'm already seeing positive money flow into the stock right this moment. It'll take some time to work out a base.
3) Everyday, there are new readers coming to this blog. Since i believe solars have bottomed, i'm gonna continue recommending them until everybody who visits this blog has a piece of the solars (especially the leaders). Some of them will end up getting the absolute lowest price, but i think everyone is getting a piece of the bottom if they buy recently. You can't complain if you got FSLR at 150ish or SPWR below 60 (I remember pounding the table at those price points). If i recommend a solar and you get a quick profit and you want to sell, that's mighty fine. But if the solar stock drops right after you buy it, that should be fine too because i hope at least you're thinking about buying solars for the longer term. If you just want to daytrade solars, then i suggest you just fade the morning gaps.
I'm glad Jim Cramer is at least positive on FSLR, indicating he sees a future in solars. If he doesn't, then he "knows nothing". This is a good time to utilize one of Cramer's strategies of "trading around your core positions". What that means is that when the stock rises to resistance or is overbought in the short term you sell a fraction of your shares, and when the stock dips to support or is short term oversold you buy some more of the stock. I recommend you own some leaders because in the next year or two there will be more solar companies coming into existence and going ipo. Some of the 2nd or 3rd tier solars we know now may not be around within 5 years.
This post is getting too long on the tooth, but i hope it helps.
Get your favorite symbols' Trend Analysis TODAY! Click Here
Interesting articles:
buy this stock
Weapon Of Choice For The Modern Samarai
SPWR is a buy
SPWR closed @ 72.9
I like the way it closed yesterday. It should trade higher today, along with FSLR. Both got punished early yesterday morning from the Suntech report. STP earnings were affected by the current snowstorm in China.
On a different note, i would like to explain the "Overnite Daytrade" just a tad more. Right after i called RIMM as an overnite short, the stock went down 70-90 cents depending where you shorted it. Now, i don't know about you, but that is very decent profit for barely holding the position for 15 minutes. You gotta take it, especially in this environment. "Overnite" doesn't necessarily mean that you have to hold it overnite! http://beanieville.blogspot.com/2008/01/beanieville-overnite-daytrade.html
After i made the call, and before i left my home, i did see RIMM go down. And because i couldn't stay to watch the last 30 minutes, i trimmed down my position significantly, to the tune of leaving only 100 shares behind. Had i stayed to watch the action of the stock the last 30 minutes, i would have told you that it could go either way the next day, either break down hard or break out hard.
You gotta treat the Overnite Daytrade as, first and foremost, a daytrade. You got a decent nearly 1% profit, even before we get to see what the stock does the last 15 minutes or so, you gotta take it. Had i made the call 2 hours before the close, and you get a decent profit 1 hour later, you gotta take it. Don't wait afterhours or overnite. Take the profit. You are starting to notice that i've been calling these overnites a little earlier than the close. This is good for those who are willing to take profits quickly, but potentially be bad for those who holds overnite. The thing is, if i make the calls early, then by the close it may not be as overbought or oversold as much, leaving you with less possibility for profit if you hold the position into the next day.
RIMM, no matter what i did yesterday, i'm gonna lose some money today. RIMM had great news this morning and they're bustin alot of shorts right now.
Interesting articles:
buy this stock
I like the way it closed yesterday. It should trade higher today, along with FSLR. Both got punished early yesterday morning from the Suntech report. STP earnings were affected by the current snowstorm in China.
On a different note, i would like to explain the "Overnite Daytrade" just a tad more. Right after i called RIMM as an overnite short, the stock went down 70-90 cents depending where you shorted it. Now, i don't know about you, but that is very decent profit for barely holding the position for 15 minutes. You gotta take it, especially in this environment. "Overnite" doesn't necessarily mean that you have to hold it overnite! http://beanieville.blogspot.com/2008/01/beanieville-overnite-daytrade.html
After i made the call, and before i left my home, i did see RIMM go down. And because i couldn't stay to watch the last 30 minutes, i trimmed down my position significantly, to the tune of leaving only 100 shares behind. Had i stayed to watch the action of the stock the last 30 minutes, i would have told you that it could go either way the next day, either break down hard or break out hard.
You gotta treat the Overnite Daytrade as, first and foremost, a daytrade. You got a decent nearly 1% profit, even before we get to see what the stock does the last 15 minutes or so, you gotta take it. Had i made the call 2 hours before the close, and you get a decent profit 1 hour later, you gotta take it. Don't wait afterhours or overnite. Take the profit. You are starting to notice that i've been calling these overnites a little earlier than the close. This is good for those who are willing to take profits quickly, but potentially be bad for those who holds overnite. The thing is, if i make the calls early, then by the close it may not be as overbought or oversold as much, leaving you with less possibility for profit if you hold the position into the next day.
RIMM, no matter what i did yesterday, i'm gonna lose some money today. RIMM had great news this morning and they're bustin alot of shorts right now.
Interesting articles:
buy this stock
Tuesday, February 19, 2008
Do you CME go skydiving?
CME closed @ 520
This stock's technicals show that the path of least resistance is down. 530 is now pretty decent resistance; it's where i'll rethink about the short position.
With the market opening strongly positive today and closing strongly negative, tomorrow most likely will be controlled by the bears.
CME, like GOOG, both seem to want to trade below 500.
Let's hope for a morning bounce before shorting. Don't short on a big gap down.
Day or swing trade, whichever offers the better profit.
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This stock's technicals show that the path of least resistance is down. 530 is now pretty decent resistance; it's where i'll rethink about the short position.
With the market opening strongly positive today and closing strongly negative, tomorrow most likely will be controlled by the bears.
CME, like GOOG, both seem to want to trade below 500.
Let's hope for a morning bounce before shorting. Don't short on a big gap down.
Day or swing trade, whichever offers the better profit.
Interesting articles:
buy this stock
Monday, February 18, 2008
How Much Do You Expect To Make As a Day trader?
TraderMike is one of the popular and knowledgeable traders in the blogosphere. Based on one of his posts about his daytrading profits, if i read it correctly, he had about 45% in 8 months (or is it for the year?) of year 2005-2006. TraderMike profits
That is a very decent return on investment. If you're not as knowledgeable or disciplined as Mike, your return will be much lower, using similar methodology most "good" traders use.
For me, however, it just seems like so much work for too little return (unless i'm working with multiple millions of dollars). If you're not as smart or knowlegeable or disciplined as Mike, it's pretty discouraging knowing you can't really expect anything close to his return. Fortunately, there are other simpler ways, and if you want to beat Mike you certainly can. But still it's gonna take some work.
One of the very simplest daytrading methods is to fade the morning gap, as famously taught by Waxie (What's Waxie's gotta do with it?). Another trading technique includes Jim Cramer's "trade around your core positions". I really like these two techniques. Others include...... (Beanieville's Secrets)
Fortunately, you don't need to be strictly a daytrader (where you're 100% cash by the close), which i personally don't find that much appeal in because i believe that a balance between daytrading and investing is very important. A good swingtrader could have made higher return for that year than Mike. Same goes with a good (and lucky) investor.
When you do make money, try to live frugally (but don't starve your wife and kids!) with your earnings so that you have a chance to compound your returns. It's tempting to want to go out to buy a fancy car after a big windfall, but it's also the most foolish thing to do. Understand the power of the Rule of 72 and compounding. Compounding (interest) really is the 8th Wonder of the World as asserted by Albert Einstein.
Learn more about the most powerful stock market system, The Beanieville System:
here and, more comprehensively, here (with several major posts you can go through).
That is a very decent return on investment. If you're not as knowledgeable or disciplined as Mike, your return will be much lower, using similar methodology most "good" traders use.
For me, however, it just seems like so much work for too little return (unless i'm working with multiple millions of dollars). If you're not as smart or knowlegeable or disciplined as Mike, it's pretty discouraging knowing you can't really expect anything close to his return. Fortunately, there are other simpler ways, and if you want to beat Mike you certainly can. But still it's gonna take some work.
One of the very simplest daytrading methods is to fade the morning gap, as famously taught by Waxie (What's Waxie's gotta do with it?). Another trading technique includes Jim Cramer's "trade around your core positions". I really like these two techniques. Others include...... (Beanieville's Secrets)
Fortunately, you don't need to be strictly a daytrader (where you're 100% cash by the close), which i personally don't find that much appeal in because i believe that a balance between daytrading and investing is very important. A good swingtrader could have made higher return for that year than Mike. Same goes with a good (and lucky) investor.
When you do make money, try to live frugally (but don't starve your wife and kids!) with your earnings so that you have a chance to compound your returns. It's tempting to want to go out to buy a fancy car after a big windfall, but it's also the most foolish thing to do. Understand the power of the Rule of 72 and compounding. Compounding (interest) really is the 8th Wonder of the World as asserted by Albert Einstein.
Learn more about the most powerful stock market system, The Beanieville System:
here and, more comprehensively, here (with several major posts you can go through).
Friday, February 15, 2008
Thursday, February 14, 2008
Nibble on some TSL
TSL closed @ 36.8
This stock is showing signs of a bottom. With such a huge growth rate, the stock is still only trading at less than 1 billion market cap. Revenue last year stood at almost $250 million.
I just can't imagine it staying at this price this year.
If the stock stays below the opening price, don't buy today.
Swing to longer term trade.
Interesting articles:
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This stock is showing signs of a bottom. With such a huge growth rate, the stock is still only trading at less than 1 billion market cap. Revenue last year stood at almost $250 million.
I just can't imagine it staying at this price this year.
If the stock stays below the opening price, don't buy today.
Swing to longer term trade.
Interesting articles:
buy this stock
Wednesday, February 13, 2008
STP sees $60 tomorrow? ENER the next Microsoft?
STP closed @52.7
The stock is starting to look very good on technicals. The stock closed above the 200dayMA (around 49) today on strong volume. This should take the stock towards the 50dayMA near 65. FSLR's impressive earnings is leading the sector.
Note that YGE earnings report is this friday and STP's earnings is next Wednesday. We have our hands full with these solar reports coming up. It's gonna be exciting to see how fast solar companies are growing.
Cramer mentioned ENER tonite. I like the stock and believe it has the potential to be the next Microsoft. They are not just involved with solars but many very advance technologies. I read this article several years ago and still find it spot on: I Give You The Next Microsoft. It's definitely the company to watch out for.
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buy the same risky stock we bought yesterday
The stock is starting to look very good on technicals. The stock closed above the 200dayMA (around 49) today on strong volume. This should take the stock towards the 50dayMA near 65. FSLR's impressive earnings is leading the sector.
Note that YGE earnings report is this friday and STP's earnings is next Wednesday. We have our hands full with these solar reports coming up. It's gonna be exciting to see how fast solar companies are growing.
Cramer mentioned ENER tonite. I like the stock and believe it has the potential to be the next Microsoft. They are not just involved with solars but many very advance technologies. I read this article several years ago and still find it spot on: I Give You The Next Microsoft. It's definitely the company to watch out for.
Interesting articles:
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buy the same risky stock we bought yesterday
Tuesday, February 12, 2008
The future for these 3 solars is so bright, my eyes hurt!!!
SPWR closed@ 71.3
FSLR closed@ 175.5
STP close@ 45.9
Today most of the solar stocks corrected the last two hours, erasing all of this morning's gains. I don't see any negative factor as the cause; rather, it was due to profit taking after nearly 3 days of rallying (and of course, some nervousness going into FSLR's earnings tomorrow morning).
I continue to like these 3 solars very much, as they are leaders by market capitalization.
Note that a bearish engulfing candlestick pattern was formed on nearly all the solars, characterized by a rally at the open and a selloff at the close. So the path of least resistance is likely down tomorrow.
If you don't own solars, now is a great time to own some.
We have two overnite daytrades - FCX and RIMM. Not my favorites in terms of expecting a gap down tomorrow, but because they went decently negative at the close i expect them to go down at least part of Wednesday (which will be where we gonna take profits). A gap higher in these two stocks can be faded, for a morning fade-the-gap trade.
Interesting articles:
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buy this risky stock
FSLR closed@ 175.5
STP close@ 45.9
Today most of the solar stocks corrected the last two hours, erasing all of this morning's gains. I don't see any negative factor as the cause; rather, it was due to profit taking after nearly 3 days of rallying (and of course, some nervousness going into FSLR's earnings tomorrow morning).
I continue to like these 3 solars very much, as they are leaders by market capitalization.
Note that a bearish engulfing candlestick pattern was formed on nearly all the solars, characterized by a rally at the open and a selloff at the close. So the path of least resistance is likely down tomorrow.
If you don't own solars, now is a great time to own some.
We have two overnite daytrades - FCX and RIMM. Not my favorites in terms of expecting a gap down tomorrow, but because they went decently negative at the close i expect them to go down at least part of Wednesday (which will be where we gonna take profits). A gap higher in these two stocks can be faded, for a morning fade-the-gap trade.
Interesting articles:
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buy this risky stock
Monday, February 11, 2008
3 Solars You Must Own!!!
No ifs ands or buts about it! You will find at least one future Solar Intel amongst these three. Just don't sit on the bench and watch. Be part of history in the making!
SPWR closed @73.5
FSLR closed @189.6
STP closed @49.3
If you are new to this blog, let me let you know that we have been pumping solars for nearly a year now. This is just the beginning. The Alternative Energy bull market is alive and well and based on certain estimations, this bull market could be 4x bigger than the Internet Bubble. That's right, you heard that right - 4x bigger than the Internet Bubble. We are in something like the 2nd inning of this mega bull market.
Don't listen to all the crap out there about Global Warming being a hoax. There are only the liars and the misinformed in that camp. Global warming is as real as can be, and the end result of this will be destructive to mankind if we don't do something about it now. We can slow things down but we may already be too late to reverse the trend.
If you believe, like i do, that one (or two) of the 3 listed stocks above will become the next solar intel, then it makes a whole lot of sense to own all three. You will be richly rewarded in a few years.
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buy this stock
SPWR closed @73.5
FSLR closed @189.6
STP closed @49.3
If you are new to this blog, let me let you know that we have been pumping solars for nearly a year now. This is just the beginning. The Alternative Energy bull market is alive and well and based on certain estimations, this bull market could be 4x bigger than the Internet Bubble. That's right, you heard that right - 4x bigger than the Internet Bubble. We are in something like the 2nd inning of this mega bull market.
Don't listen to all the crap out there about Global Warming being a hoax. There are only the liars and the misinformed in that camp. Global warming is as real as can be, and the end result of this will be destructive to mankind if we don't do something about it now. We can slow things down but we may already be too late to reverse the trend.
If you believe, like i do, that one (or two) of the 3 listed stocks above will become the next solar intel, then it makes a whole lot of sense to own all three. You will be richly rewarded in a few years.
Interesting articles:
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buy this stock
Time to buy the whole freakin AAPL!
AAPL trades at 129 right now.
Eric Bolling is 'very long' AAPL!
The stock is also coming up from very oversold levels. $145 is the next stop before hitting the 200dayMA.
buy buy buy!
Eric Bolling is 'very long' AAPL!
The stock is also coming up from very oversold levels. $145 is the next stop before hitting the 200dayMA.
buy buy buy!
Sunday, February 10, 2008
Short RIMM on any rise!
RIMM closed @ 89.7
The stock gained nearly 5 points on Friday. In this type of market environment, i think going up like this will only bring in the shorts. It could go higher but at most it can move up another 5 points. I am doubtful, though.
I'm looking to short the stock tomorrow. A morning gap higher would be the perfect short for the day.
Day or swing trade, whichever is most profitable.
Interesting articles:
Note that if you have Internet Explorer, or an older computer, you may have some problems with this site.
buy this stock
The stock gained nearly 5 points on Friday. In this type of market environment, i think going up like this will only bring in the shorts. It could go higher but at most it can move up another 5 points. I am doubtful, though.
I'm looking to short the stock tomorrow. A morning gap higher would be the perfect short for the day.
Day or swing trade, whichever is most profitable.
Interesting articles:
Note that if you have Internet Explorer, or an older computer, you may have some problems with this site.
buy this stock
Saturday, February 9, 2008
How i got started (And can anyone be a full-time trader?)
Can anyone be a full-time trader? The answer is yes, provided that you have a passion for it and you want nothing more than to follow that passion and you're willing to work hard until you achieve your goal. Fortunately, when you are passionate about trading, it doesn't seem that much work to learn how to do it day in and day out. You never feel like it's a waste of time spending hours learning and improving your skills.
You don't need to have hundreds of thousands of dollars in your account to be able to trade for a living, but if you start small you probably want to be pretty good at what you do. I personally started with less than $25,000 (but i did blow out several accounts of less than $10,000 each in my early years of trading).
There are many methods of trading out there just as there are many chart indicators. I think the key to success is to learn as much as you can from as many people as you can and pick and choose those methods you like and are comfortable with (and makes money). I personally am more comfortable with the simple methods over the complicated ones. For example, I like the morning Fade-the-Gap trade because it's so simple and it works. Ultimately, you have to create your own "system" of trading that fits your "style".
We have alot of links on this blog you might want to check out, like the neat programs at the top of the page that you can try out for a cheap fee, our blogroll of other traders, and surely more that will come this way as we discover them. I believe there are enough resources here on this blog to guide you in becoming a really good trader. It's really all here, believe it or not.
If you're new to this blog, i'd like to tell you a short story of how i got started.
Many years ago, as i was going through my master and doctorate of health sciences program in college, i got exposed to the markets and immediately developed a general liking of the field. With further study of this intriguing subject i immediately became passionate about the markets and read up on just about every stock market book i can find. I spent hours and hours reading voraciously. I was hooked. I put money in my brokerage account and proceeded to pay for the price of this 'education'. In short, i had my head and arse handed to me. It was a very humbling experience. Trading is one of the most difficult field to master. Trading is also where many people put so little time in learning it yet foolishly expect to be good at it.
For a few years i was like a headless chicken, trading and investing aimlessly with the ultimate outcome of giving my money away. Until i found Michael Parness of Trendfund. That's when everything started coming together and the stock tickers actually made sense to me. I signed up for their full package which included the chatroom, and left after 6 months to a year once i thought i had learned enough. I started understanding why other traders do what they do. The light bulb in my head lit up and i started envisioning the possibilities of developing my own trading systems, using what i learned from Michael as a stepping stone. I am very happy to have learned what i learned. Without that knowledge from the trading guru, i may have ended up doing something else besides trading the markets. Honest. Michael's trendfund*
Michael is just one trader (and a great one at that, and i like his simple yet elegant methods), but if you have made up your mind that you want to be spend your life trading full time and you are ready to absorb all the trading knowledge out there like a sponge, then i also recommend getting some trading videos, where you get to learn from hundreds of famous and knowledgeable traders all in one place via video for a low fee. To see what i mean, click here and read about a world class trader.
Another really good service that i highly recommend for beginning and intermediate swing traders, where you get to learn the simple yet powerful "trade the triangle", is MarketClub at Ino.com. Be sure to watch the videos and testimonials when you get to Marketclub. Here's a MarketClub coupon code link that gives you 2 free months of service if you sign up for 1 year.
If, however, you want to be a super daytrader and gapfader extraordinaire, then Michael Parness is for you. Be sure to also stick around my blog for a couple of weeks and get some trading gems from me. I don't think you will regret it.
After years of trading and investing in the stock market, I've found the most powerful way to approach the stock market. I termed that approach 'The Beanieville System' and I believe that the number of failed traders (90%) can decrease dramatically as a result of this. Time will tell. I HIGHLY recommend you get the Preface & Introduction of the manuscript for $30 by clicking here now. I don't think any trader or investor should be without the Beanieville System.
Successfully Yours,
Beanie
If you like this post and want updates, then subscribe via email or
You don't need to have hundreds of thousands of dollars in your account to be able to trade for a living, but if you start small you probably want to be pretty good at what you do. I personally started with less than $25,000 (but i did blow out several accounts of less than $10,000 each in my early years of trading).
There are many methods of trading out there just as there are many chart indicators. I think the key to success is to learn as much as you can from as many people as you can and pick and choose those methods you like and are comfortable with (and makes money). I personally am more comfortable with the simple methods over the complicated ones. For example, I like the morning Fade-the-Gap trade because it's so simple and it works. Ultimately, you have to create your own "system" of trading that fits your "style".
We have alot of links on this blog you might want to check out, like the neat programs at the top of the page that you can try out for a cheap fee, our blogroll of other traders, and surely more that will come this way as we discover them. I believe there are enough resources here on this blog to guide you in becoming a really good trader. It's really all here, believe it or not.
If you're new to this blog, i'd like to tell you a short story of how i got started.
Many years ago, as i was going through my master and doctorate of health sciences program in college, i got exposed to the markets and immediately developed a general liking of the field. With further study of this intriguing subject i immediately became passionate about the markets and read up on just about every stock market book i can find. I spent hours and hours reading voraciously. I was hooked. I put money in my brokerage account and proceeded to pay for the price of this 'education'. In short, i had my head and arse handed to me. It was a very humbling experience. Trading is one of the most difficult field to master. Trading is also where many people put so little time in learning it yet foolishly expect to be good at it.
For a few years i was like a headless chicken, trading and investing aimlessly with the ultimate outcome of giving my money away. Until i found Michael Parness of Trendfund. That's when everything started coming together and the stock tickers actually made sense to me. I signed up for their full package which included the chatroom, and left after 6 months to a year once i thought i had learned enough. I started understanding why other traders do what they do. The light bulb in my head lit up and i started envisioning the possibilities of developing my own trading systems, using what i learned from Michael as a stepping stone. I am very happy to have learned what i learned. Without that knowledge from the trading guru, i may have ended up doing something else besides trading the markets. Honest. Michael's trendfund*
Michael is just one trader (and a great one at that, and i like his simple yet elegant methods), but if you have made up your mind that you want to be spend your life trading full time and you are ready to absorb all the trading knowledge out there like a sponge, then i also recommend getting some trading videos, where you get to learn from hundreds of famous and knowledgeable traders all in one place via video for a low fee. To see what i mean, click here and read about a world class trader.
Another really good service that i highly recommend for beginning and intermediate swing traders, where you get to learn the simple yet powerful "trade the triangle", is MarketClub at Ino.com. Be sure to watch the videos and testimonials when you get to Marketclub. Here's a MarketClub coupon code link that gives you 2 free months of service if you sign up for 1 year.
If, however, you want to be a super daytrader and gapfader extraordinaire, then Michael Parness is for you. Be sure to also stick around my blog for a couple of weeks and get some trading gems from me. I don't think you will regret it.
After years of trading and investing in the stock market, I've found the most powerful way to approach the stock market. I termed that approach 'The Beanieville System' and I believe that the number of failed traders (90%) can decrease dramatically as a result of this. Time will tell. I HIGHLY recommend you get the Preface & Introduction of the manuscript for $30 by clicking here now. I don't think any trader or investor should be without the Beanieville System.
Successfully Yours,
Beanie
If you like this post and want updates, then subscribe via email or
Friday, February 8, 2008
Time to take a bite of the AAPL?
AAPL closed @ 121.2
If this is not a bottom in the stock, then i don't know what is. This stock is so incredibly oversold in both the short and intermediate term that i think it's due for a bounce.
AAPL gave back over 80 points in a matter of 5 weeks. That is a crazy insane haircut. My god, AAPL is no Enron!
Buy on the morning dip for a daytrade. Since we own solars, let's not get into too many longer term positions right now when the market is so unstable.
Interesting articles:
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buy this stock
(Bad for Chinese solars?)
If this is not a bottom in the stock, then i don't know what is. This stock is so incredibly oversold in both the short and intermediate term that i think it's due for a bounce.
AAPL gave back over 80 points in a matter of 5 weeks. That is a crazy insane haircut. My god, AAPL is no Enron!
Buy on the morning dip for a daytrade. Since we own solars, let's not get into too many longer term positions right now when the market is so unstable.
Interesting articles:
Note that this site may not work properly with Internet Explorer. Try Firefox or Safari.
buy this stock
(Bad for Chinese solars?)
Wednesday, February 6, 2008
Short CME
CME closed @ 485
Apparently this market correction isn't done just yet. We're likely gonna retest the low from 2 weeks ago. If we break it and break it soon, we gonna skydive to around Dow 11,000. If we hit that in a very short time frame, then we gonna bounce hard from there and that would be the end of the correction, imo.
The one good thing to take away from this is that the faster we go down in a vertical fashion, the quicker we get done with the correction. What is triggering this mad selloff is the "perception" that we are in a recession. In a recession, there are virtually no good stocks. Every stock is a sell sell sell, as each gets repriced to a much lower PE multiple.
In a stampede to exit the door like this, alot of supports will be broken until we hit a major support area. It doesn't even matter that the individual stocks are very oversold. When the big boys are not buying, and only selling and shorting, there's not much you and i can do - except to hedge your long positions using various methods i've discussed.
In any day we close red, assume the next day will also be red. So an easy "hedge" is simply sell your positions at the close if we're closing negative. You can rebuy them lower the next day (or maybe a couple days later). Use this technique if you feel like you can't take the pain anymore just seeing your stocks go down.
With CME, i'm gonna treat it the same way i treat GOOG. I want to short the stock under 500 and cover above 500. I don't mind doing this a few times breakeven until i finally beat the sucker down. Please don't go shorting if the stock gaps down tomorrow. Let it bounce first to very near or above 500, and use 500 as your guide. Ideally, i want the stock to get above 500 and then crack below it before shorting. Alternatively, you can let the stock ride up to 510-530 and then short it. (Don't short between 500-505 because it makes no sense when you have support at 500.) The stock is very oversold, but the news can be pretty bad too.
Interesting articles:
Note that this site does not work too well with Internet Explorer, but fine with Safari or Firefox.
buy this stock
Apparently this market correction isn't done just yet. We're likely gonna retest the low from 2 weeks ago. If we break it and break it soon, we gonna skydive to around Dow 11,000. If we hit that in a very short time frame, then we gonna bounce hard from there and that would be the end of the correction, imo.
The one good thing to take away from this is that the faster we go down in a vertical fashion, the quicker we get done with the correction. What is triggering this mad selloff is the "perception" that we are in a recession. In a recession, there are virtually no good stocks. Every stock is a sell sell sell, as each gets repriced to a much lower PE multiple.
In a stampede to exit the door like this, alot of supports will be broken until we hit a major support area. It doesn't even matter that the individual stocks are very oversold. When the big boys are not buying, and only selling and shorting, there's not much you and i can do - except to hedge your long positions using various methods i've discussed.
In any day we close red, assume the next day will also be red. So an easy "hedge" is simply sell your positions at the close if we're closing negative. You can rebuy them lower the next day (or maybe a couple days later). Use this technique if you feel like you can't take the pain anymore just seeing your stocks go down.
With CME, i'm gonna treat it the same way i treat GOOG. I want to short the stock under 500 and cover above 500. I don't mind doing this a few times breakeven until i finally beat the sucker down. Please don't go shorting if the stock gaps down tomorrow. Let it bounce first to very near or above 500, and use 500 as your guide. Ideally, i want the stock to get above 500 and then crack below it before shorting. Alternatively, you can let the stock ride up to 510-530 and then short it. (Don't short between 500-505 because it makes no sense when you have support at 500.) The stock is very oversold, but the news can be pretty bad too.
Interesting articles:
Note that this site does not work too well with Internet Explorer, but fine with Safari or Firefox.
buy this stock
ETFC for a long term investment
ETFC closed @ 4.5
I'd like to buy a few shares and hold it for a long term investment. Company insiders recently bought nearly 500,000 shares of stock, expressing confidence in the longer term viability of the company.
If this company survives this mortgage lending mess and gets back on its feet, in a few years it'll be trading back in the 20-30's.
Longer term hold, all or nothing.
Interesting articles:
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buy this stock
I'd like to buy a few shares and hold it for a long term investment. Company insiders recently bought nearly 500,000 shares of stock, expressing confidence in the longer term viability of the company.
If this company survives this mortgage lending mess and gets back on its feet, in a few years it'll be trading back in the 20-30's.
Longer term hold, all or nothing.
Interesting articles:
Note that this site may not work properly with Internet Explorer. Firefox recommended.
buy this stock
Monday, February 4, 2008
GOOG going skydiving!
GOOG closed @ 495.4
GOOG closed below the all important support of 500. It's a really good time to short the stock. This could help hedge some of your solar long positions.
Next stop is at 450.
Cover if it firms up above 500 and holds.
Interesting articles:
Note that this site is having some problems with the Internet Explorer browser. Not a surprise to us because blogspot/blogger is owned by Google. Google probably giving Microsoft a taste of their own medicine. Firefox and Safari works very well with this site.
buy these stocks
GOOG closed below the all important support of 500. It's a really good time to short the stock. This could help hedge some of your solar long positions.
Next stop is at 450.
Cover if it firms up above 500 and holds.
Interesting articles:
Note that this site is having some problems with the Internet Explorer browser. Not a surprise to us because blogspot/blogger is owned by Google. Google probably giving Microsoft a taste of their own medicine. Firefox and Safari works very well with this site.
buy these stocks
Sunday, February 3, 2008
The Rise of The Solar Phoenixes?
STP closed@ 55
FSLR closed@ 185.9
SPWR closed@ 73.1
I think this is the second best opportunity you can own these leaders (and solar stocks in general), if you missed them 1 year ago. The alternative energy bull market is for real. Don't let the crazy oil-lovin' bears tell you otherwise. The electronics and chips companies really believe in the solar space and some of them are moving in. Why? Because the key to increased solar efficiencies lies also in chip technology, not merely the chemical components and technology. Sharp is moving into this space. EMKR is moving in. Applied Materials wants to become the Applied Materials of Solars.
Not only will the leading solars rise, many of the solars (mostly Chinese-owned) will also follow. Many of them have been beaten to the pulp, due to both the solars correction and the Chinese (and worldwide) stock market correction. I don't think the shorts can squeeze that much more juice out of them. Many of the charts are showing bottoming action.
I hope most of you are still intact with your capital, going thru the last two weeks of immense market volatililty. If you didn't play conservatively (and lost most of your cash), you may miss this opportunity of a lifetime. Most of us are impatient and want to make money quick by short term trading. Remember that most of your money should be geared towards long-term positions. Even though i'm a daytrader, i believe long term investing holds the key to great wealth. That means alot, doesn't it - especially coming from someone who trades everyday?
Interesting articles:
buy this stock
FSLR closed@ 185.9
SPWR closed@ 73.1
I think this is the second best opportunity you can own these leaders (and solar stocks in general), if you missed them 1 year ago. The alternative energy bull market is for real. Don't let the crazy oil-lovin' bears tell you otherwise. The electronics and chips companies really believe in the solar space and some of them are moving in. Why? Because the key to increased solar efficiencies lies also in chip technology, not merely the chemical components and technology. Sharp is moving into this space. EMKR is moving in. Applied Materials wants to become the Applied Materials of Solars.
Not only will the leading solars rise, many of the solars (mostly Chinese-owned) will also follow. Many of them have been beaten to the pulp, due to both the solars correction and the Chinese (and worldwide) stock market correction. I don't think the shorts can squeeze that much more juice out of them. Many of the charts are showing bottoming action.
I hope most of you are still intact with your capital, going thru the last two weeks of immense market volatililty. If you didn't play conservatively (and lost most of your cash), you may miss this opportunity of a lifetime. Most of us are impatient and want to make money quick by short term trading. Remember that most of your money should be geared towards long-term positions. Even though i'm a daytrader, i believe long term investing holds the key to great wealth. That means alot, doesn't it - especially coming from someone who trades everyday?
Interesting articles:
buy this stock
Friday, February 1, 2008
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