GS not distribution, it is pushing the high with volume. pushing high with volume is accumulation and indicates more highs.
SCH closed over 52 week high, breaking out.
AMZN gapped down three days ago. up today. will take some time to consolidate to find direction.
HL two days down with big volume. rejected lower price today and closed up. was a nice buy today.
PXLW in a down trend. up 5.8% today. buying would be bottom fishing.
AUO up 6.4% today. coming off bottom.
NEM down 3.5% on 1/2 higher than average volume. the PDG takeover is bad for NEM.
NTO 2.52 down .02. consoliadation. need a sign of strength.
Monday, October 31, 2005
20051031 Tom AM
PDG up 20% on take over.
VLO wait to short.
BCON needs to establish a new base before going back up. everyone is underwater so every bounce those people will sell.
HL 52 week low. tom was stopped out friday. fundamentally tax audit in venezuela. back to 2000 there is nearly a buy.
VLO wait to short.
BCON needs to establish a new base before going back up. everyone is underwater so every bounce those people will sell.
HL 52 week low. tom was stopped out friday. fundamentally tax audit in venezuela. back to 2000 there is nearly a buy.
Friday, October 28, 2005
Scottrade Web Site Unusably Slow
The Scottrade broker web site is painfully slow today. Tens of seconds to navigate pages. I pressed the "modify" link to modify an open order and waited 65 seconds to display the next page.
This is ridiculous. No other sites I access are having performance problems. I have tried two browsers (Internet Explorer and Mozilla).
I modified the open order and pressed "review order". It timed out after 3 1/2 minutes. Back to the change order screen and press "review order". It timed out 5 1/2 minutes later.
I clicked the contact us link and typed a message about slow performance. What was I thinking? I pressed "submit" and it timed out after 2 1/2 minutes.
There is a separate "tell us what you think" link. I clicked it and was send to zoomerang.com. That site was fast and let me provide feedback. Maybe Scottrade should outsource their trading site to Zoomerang!
Modify order, press "review order". Time out after four minutes.
Try again... Time out after eight minutes.
Logged in again and now the site is performing okay.
This is ridiculous. No other sites I access are having performance problems. I have tried two browsers (Internet Explorer and Mozilla).
I modified the open order and pressed "review order". It timed out after 3 1/2 minutes. Back to the change order screen and press "review order". It timed out 5 1/2 minutes later.
I clicked the contact us link and typed a message about slow performance. What was I thinking? I pressed "submit" and it timed out after 2 1/2 minutes.
There is a separate "tell us what you think" link. I clicked it and was send to zoomerang.com. That site was fast and let me provide feedback. Maybe Scottrade should outsource their trading site to Zoomerang!
Modify order, press "review order". Time out after four minutes.
Try again... Time out after eight minutes.
Logged in again and now the site is performing okay.
20051028 Me AM
TKLC earnings last night. profit down and guides lower. down 14% today.
HL continues down 4%.
DSCO giving up the high today.
HL continues down 4%.
DSCO giving up the high today.
20051028 Tom AM
PAAS consolidation. dangerous to short the metals.
BA there is a big seller. look to short at 66.2 after window dressing early next week.
SMH high volume down day. lacking price spread so maybe it can reverse.
BA there is a big seller. look to short at 66.2 after window dressing early next week.
SMH high volume down day. lacking price spread so maybe it can reverse.
Thursday, October 27, 2005
20051027 Me PM
market down big. relative strength up:
NFLX COGT DSCO
TKLC down 5.6% on double average volume. watch for close below 16 as it can go to 14.5 to fill the gap.
steels like AKS and RIO are getting hit hard.
NFLX COGT DSCO
TKLC down 5.6% on double average volume. watch for close below 16 as it can go to 14.5 to fill the gap.
steels like AKS and RIO are getting hit hard.
20051027 Tom PM
markets off over 1%. waiting on possible indictments.
MSFT struggling off the bottom. numbers tonight.
KLAC numbers. after hours trading down $1. wants to go higher.
HL 3.35. down 7.7% on three times average volume. venezuela tax troubles.
XMSR 28.07. down 10% on six times average volume. going down to 10. if it breaks 26.16 then it can get down to 2.69. this looks like it is toast.
SIRI 5.86 down 7% on double volume.
fundamentally satellite radio is competing against the internet.
RIMM deat cat bounce.
MSFT struggling off the bottom. numbers tonight.
KLAC numbers. after hours trading down $1. wants to go higher.
HL 3.35. down 7.7% on three times average volume. venezuela tax troubles.
XMSR 28.07. down 10% on six times average volume. going down to 10. if it breaks 26.16 then it can get down to 2.69. this looks like it is toast.
SIRI 5.86 down 7% on double volume.
fundamentally satellite radio is competing against the internet.
RIMM deat cat bounce.
20051027 Tom AM
market is waiting on indictments.
MNG caller says no volume when trying to go up. tom says this is positive because it is below the lows. buy is 6.55 right here.
CDE 600,000 volume 1/2 hour into the day is okay. these are below the lows so lighter volume here is okay.
HL down 14%.
federal reserve meeting next week.
GTRC big breakdown yesterday with ten times volume.
DRIV gapping down 28%.
S&P building ABC up.
FNM 47. do not short during window dressing because it has high institutional ownership. can counter trend bounce to 52. if it goes below 41 it can go a lot lower.
SGR wait to buy at 24.
MDG down on big volume yesterday. wait to buy at 18.
C 45.8. consolidation. can buy at lower end of consolidation.
banks are starting to look good.
BAC looks good to buy. can run up a couple points.
BVN down 10% so far today on heavy volume.
AKS so far down 5% today with average daily volume. longer term ABC up.
MNG caller says no volume when trying to go up. tom says this is positive because it is below the lows. buy is 6.55 right here.
CDE 600,000 volume 1/2 hour into the day is okay. these are below the lows so lighter volume here is okay.
HL down 14%.
federal reserve meeting next week.
GTRC big breakdown yesterday with ten times volume.
DRIV gapping down 28%.
S&P building ABC up.
FNM 47. do not short during window dressing because it has high institutional ownership. can counter trend bounce to 52. if it goes below 41 it can go a lot lower.
SGR wait to buy at 24.
MDG down on big volume yesterday. wait to buy at 18.
C 45.8. consolidation. can buy at lower end of consolidation.
banks are starting to look good.
BAC looks good to buy. can run up a couple points.
BVN down 10% so far today on heavy volume.
AKS so far down 5% today with average daily volume. longer term ABC up.
Wednesday, October 26, 2005
20051026 Tom PM
dollar counter trend bounce.
real estate is done.
bonds are pulling back.
golds are pulling back with the broad market.
BWLD not really a short. will follow market.
COP wants to go to 57.22. most of the oil run is over.
tom is bullish on energies and bullish on golds.
VLO 100.94. not a trade here. intraday good short when it hit 105.
GME caller is short. it went down 5% and stopped at a shelf. if it opens above 33.90 then close the short and look for another short at 37.
CWPC close your long.
RIMM 58 up 1.6%. can get up to 67. longer term will get below 40.
TASR 6.5 down 6%. earning numbers. needs a lot of time to build cause because overhead supply is from december 2003.
real estate is done.
bonds are pulling back.
golds are pulling back with the broad market.
BWLD not really a short. will follow market.
COP wants to go to 57.22. most of the oil run is over.
tom is bullish on energies and bullish on golds.
VLO 100.94. not a trade here. intraday good short when it hit 105.
GME caller is short. it went down 5% and stopped at a shelf. if it opens above 33.90 then close the short and look for another short at 37.
CWPC close your long.
RIMM 58 up 1.6%. can get up to 67. longer term will get below 40.
TASR 6.5 down 6%. earning numbers. needs a lot of time to build cause because overhead supply is from december 2003.
20051026 Tom AM
ARRS opened at yesterday's close. now down 13%. earnings tonight. does someone already know about bad earnings? now 8.10. close below 8.15 and it goes to 6.5.
RGLD doing ok. this equity moves quickly. wants to go back to 30.
golds want to go higher.
market wants to go higher.
PFE dont buy. next floor is from 1995. setting up another ABC down.
AMZN down 12%. is filling the gap down to 37.74. needs a few months before buying.
PAL action here. 5.86 wants to run to 8.90.
window dressing starts tomorrow.
VLO dead cat bounce. can get to 108.
home builders still want to bounce.
durrell financial. mortgage broker. done.
BWLD not a short here. may get up to 34.
RGLD doing ok. this equity moves quickly. wants to go back to 30.
golds want to go higher.
market wants to go higher.
PFE dont buy. next floor is from 1995. setting up another ABC down.
AMZN down 12%. is filling the gap down to 37.74. needs a few months before buying.
PAL action here. 5.86 wants to run to 8.90.
window dressing starts tomorrow.
VLO dead cat bounce. can get to 108.
home builders still want to bounce.
durrell financial. mortgage broker. done.
BWLD not a short here. may get up to 34.
Tuesday, October 25, 2005
Scottrade limit order without bid
The Scottrade web site does not allow a limit order to be entered for options that dont have a bid or ask. Writing covered calls at .10 or so might be filled intra-day even though there is currently no bid, and that is why a limit order can be useful.
They told me to call my local branch to enter the order. Wonder what that commission will be?
They told me to call my local branch to enter the order. Wonder what that commission will be?
20051025 Tom PM
markets down fractionally.
gold up 7.
dollar is toast.
bonds smoked.
TLT stay with the trend so dont buy.
EBAY down 3.5% on 2 times volume. speculating google will start auctions.
CTX earning numbers. 25% of new loans were interest only.
let home builders get higher before thinking about shorting.
bud:
EK nine year falling price channel.
OIH wait to short.
XAU gold wants to go higher.
BAC 4.7% dividend. like it. 42.50 is a good buy.
rising inflation hammers high interest stocks because the investor can go into treasuries with less risk.
energies want to bounce here. then short.
crude oil has topped out. natural gas has not topped out.
gold up 7.
dollar is toast.
bonds smoked.
TLT stay with the trend so dont buy.
EBAY down 3.5% on 2 times volume. speculating google will start auctions.
CTX earning numbers. 25% of new loans were interest only.
let home builders get higher before thinking about shorting.
bud:
EK nine year falling price channel.
OIH wait to short.
XAU gold wants to go higher.
BAC 4.7% dividend. like it. 42.50 is a good buy.
rising inflation hammers high interest stocks because the investor can go into treasuries with less risk.
energies want to bounce here. then short.
crude oil has topped out. natural gas has not topped out.
20051025 Tom AM
S&P yesterday had volume and price spread going up.
window dressing starts later this week.
need a few days of sideways market movement.
when CIA leak indictments come this week, if market still goes up then we have a good rally.
window dressing starts later this week.
need a few days of sideways market movement.
when CIA leak indictments come this week, if market still goes up then we have a good rally.
Monday, October 24, 2005
20051024 Tom PM
IWM 64.60 will be tough to take out 68 high. swing points going for 67.10.
SMH
tech is strong.
banks are perking up.
SOV buyout.
RKH bank holders.
RTH retail holders.
GES is moving.
LEN 57.79. up 4.2% on average volume. will get up to 62.30. let it run to take out highs with lighter volume then short.
oils look like they will have a nice bounce.
window dressing coming up.
PMU last trade at 1.10 ran it up.
ABLE up 13.4% on lighter volume. can get more of a pop. lose 1.04 per share. needs to base out for a couple years after the run it had. me: get ready to short.
occidental hair cut last week. can bounce to 76 or 78. may be three black crows candlestick.
APT 3.09. consolidating. trouble under 2.98.
T me: up 2.47% on slightly higher volume. stochastics turning up. above the moving averages. 5% dividend.
white light and cancer. atoms stop moving. specifically put energy into person so it will destroy the atoms by shaking them up to release the blackness. this works and can be done physically, mentally, and spiritually. a power all of this has. put your hands straight up, close your eyes, visualize top of head white light entering head sides of face shoulders arms legs toes. white light all around you now and put arms out and send it all. picture top of target's head accepting white light into top of their head and visualize pushing out the blackness. we are all one.
NFLX me: up 3.1% on slightly higher volume. back above 20 day moving average. watch the technicals.
dennisonmines
SMH
tech is strong.
banks are perking up.
SOV buyout.
RKH bank holders.
RTH retail holders.
GES is moving.
LEN 57.79. up 4.2% on average volume. will get up to 62.30. let it run to take out highs with lighter volume then short.
oils look like they will have a nice bounce.
window dressing coming up.
PMU last trade at 1.10 ran it up.
ABLE up 13.4% on lighter volume. can get more of a pop. lose 1.04 per share. needs to base out for a couple years after the run it had. me: get ready to short.
occidental hair cut last week. can bounce to 76 or 78. may be three black crows candlestick.
APT 3.09. consolidating. trouble under 2.98.
T me: up 2.47% on slightly higher volume. stochastics turning up. above the moving averages. 5% dividend.
white light and cancer. atoms stop moving. specifically put energy into person so it will destroy the atoms by shaking them up to release the blackness. this works and can be done physically, mentally, and spiritually. a power all of this has. put your hands straight up, close your eyes, visualize top of head white light entering head sides of face shoulders arms legs toes. white light all around you now and put arms out and send it all. picture top of target's head accepting white light into top of their head and visualize pushing out the blackness. we are all one.
NFLX me: up 3.1% on slightly higher volume. back above 20 day moving average. watch the technicals.
dennisonmines
Friday, October 21, 2005
20051021 Tom PM
SGR had numbers up 16%. too late to buy more.
WB getting ready to break topside. buy at 47.61. 4% dividend.
mike from london:
GLD ready to go up.
GG so-so.
golds yesterday maybe was the low. today gold held and closed up.
CDE came down to breakout point. hasnt turned up yet. consolidation. not ready to buy yet.
HL same as CDE.
BOT up 23%. new issue this week.
WB getting ready to break topside. buy at 47.61. 4% dividend.
mike from london:
GLD ready to go up.
GG so-so.
golds yesterday maybe was the low. today gold held and closed up.
CDE came down to breakout point. hasnt turned up yet. consolidation. not ready to buy yet.
HL same as CDE.
BOT up 23%. new issue this week.
20051021 Tom AM, White Lightning
KLAC tom is doing white lightning.
YHOO tom is doing white lightning.
option expiry today. these white lightnings opened up with volume. came down with lighter volume. tom is gunning for them to get back to those highs of the open and it may take two pushes to get there. 1PM EST market will get dull and any premium will move out of the options so be careful later in the day.
BCSI up on very light volume.
Bud:
INTC is now retesting the april lows.
[seems there should be very little premium in the options in the morning (when going long) because it will leak out during the day.
maybe selling the slightly in-the-money calls that have too much premium in the morning would allow capturing of the premium that leaks out during the day. then buy them back before the close. this would mean the other side of the calendar spread would need to be set up earlier and probably for a much longer time frame so that one day would cause little leakage.
look at yahoo today and going long 37.5 out of the money would cost .05. bid 0 ask .05 all day. then sell the 35 (.65 to .35 range for day). now bid .40 ask .45. selling for .65 and buying back at .40 = .25 minus .05 from the long side = .20. .20 * 100 * 20 = $400]
YHOO tom is doing white lightning.
option expiry today. these white lightnings opened up with volume. came down with lighter volume. tom is gunning for them to get back to those highs of the open and it may take two pushes to get there. 1PM EST market will get dull and any premium will move out of the options so be careful later in the day.
BCSI up on very light volume.
Bud:
INTC is now retesting the april lows.
[seems there should be very little premium in the options in the morning (when going long) because it will leak out during the day.
maybe selling the slightly in-the-money calls that have too much premium in the morning would allow capturing of the premium that leaks out during the day. then buy them back before the close. this would mean the other side of the calendar spread would need to be set up earlier and probably for a much longer time frame so that one day would cause little leakage.
look at yahoo today and going long 37.5 out of the money would cost .05. bid 0 ask .05 all day. then sell the 35 (.65 to .35 range for day). now bid .40 ask .45. selling for .65 and buying back at .40 = .25 minus .05 from the long side = .20. .20 * 100 * 20 = $400]
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