Comments on: QQQQ, AAPL, Gold: Ready for Action

By: Will

Will — Mon, 04 Dec 2006 03:10:34 +0000

LP - I only see them on TV, but after some years, Maria still strikes me as rather arrogant and hardly seems to listen to her guests; probably the kind of lady who knows all the proper high society moves, but goes home and kicks the dog or sneers at your illiterate great-aunt. Liz, classy and could rub elbows with the best of ‘em , but could be gracious going over to a friend’s house for burgers and dominos just as well. not sure why that appeals to me. Of course, Sue was the original hottie back in the late 80s. Remember when She, Ron and Neil were the main trio?

Ned- thanks so much! If I ever wake up rich (that would be on a Thursday or Sunday after Powerball), I’ll be sure and announce it. For now, I’m just getting by, raising my girlz and having a blast pursuing my passion of trading when I can. I really do appreciate your kind words.

By: Ned

Ned — Sun, 03 Dec 2006 20:46:23 +0000

You ought to be rich because you sure are funny. I thought I was the only one in the world trying to fade Cramer’s pumping of Apple. Your blog on shorting apple had me laughing at my desk at work and folks thought I was having fun doing my job, which is also funny beyond belief. Anyway, I really like your style and wish you great success in all you do.
Best,
Ned

By: LP

LP — Sat, 02 Dec 2006 20:53:09 +0000

Maria is sooooooooo much hotter

By: Will

Will — Sat, 02 Dec 2006 14:20:44 +0000

Fuzz- thanks for the visit! You’re right- the GLD trade triggered, as did the add on the Qs. And GLD’s pop-and-drop action looks like a looming stop-out, which is fine. Neither of these entries was a daytrade entry, they’re both swing entries aimed at a multi-day gain, so the stop is wider, the position is smaller, and I am not at all concerned about how much money I made/didn’t make yesterday, just pleased that I got my entries. Will write more in the followup post (this evening after work, I hope).

A daytrade on the Qs would have entailed a short entry on the 0940 break of 44.00 on 5min bars, with a stop at about 44.10, a break of Thursday’s close and the 0935 bar high. That trade would have been stopped on the 1040 bar at the earliest. Risking say $100 with that “R” of 0.10 would mean a 1000-share position. On being stopped out at 1040 at 43.47 (break of the 1035 bar’s high), those 1000 shares would have gained 0.53, or $530, which stocks the fridge for the entire weekend, after commissions.

Yah, those CNBC folks are all pro-Apple. Contrarian indicator (any excuse to bolster my short fetish). Besides, I’ve had a longstanding crush on Liz Clayman (since years ago when she wore those mini-mini skirts and they were able to call her “Legs Clayman” on the air), and I know she’d understand.

Best wishes, drop by again sometime!

By: Fuzz

Fuzz — Sat, 02 Dec 2006 03:27:50 +0000

I’m new here but looking at todays numbers I see -.34 on GLD (because it hit your trigger but not your stop) and +.38 on the Qs unless you timed an immaculate cash out. That leaves +.04 minus 9.95 per trade. How many bucks you gotta put in the pot to win a bag of pork rinds and a sixer of Milwaukee’s Best?
I purposely leave AAPL out of the discussion because it looks like a buzz saw. Besides it’s pretty much you against all of CNBC on that one. Good luck.

By: john

john — Fri, 01 Dec 2006 14:24:35 +0000

will: lol…this long uptrend on aapl is just a pause between shorting opportunities…gl

By: Will

Will — Fri, 01 Dec 2006 11:59:55 +0000

tms - absolutely… one thing about the recent market action- it seems to be taking place on a larger scale, which might lead into a longer trend, which may allow some of us (oh please, oh please let it be me) to get into some of those “swing trades-turned positions trades” that are so profitable!

By: themarketspeculator

themarketspeculator — Fri, 01 Dec 2006 06:49:30 +0000

Nice trade idea with regards to VIX. Surprisingly, Gold, AAPL and the Qs are all right on my radar as well. Tomorrow could be fun . . .