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Old 01-02-08, 09:21 AM   #1
Destroyer
 
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Default Financial Markets: 1st Trading Day of 2008

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Old 01-02-08, 09:27 AM   #2
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Just opened a short on this bloated pig SVNT at 24. Can't post the chart for some reason.
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Hoops: 5-3

NHL: 6-2
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Old 01-02-08, 09:30 AM   #3
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I have no exposure to the US markets anymore, it looks like the CND market is up. I have only 1 stock which is down for today on checking.
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Old 01-02-08, 09:35 AM   #4
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Opened up a long position on SHLD at 102 as this looks like a double bottom.
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Old 01-02-08, 09:54 AM   #5
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Old 01-02-08, 09:58 AM   #6
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Im getting killed on cal and sbux. 2 stinky dogs.
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Old 01-02-08, 10:24 AM   #7
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Old 01-02-08, 10:25 AM   #8
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Gold not treating me too badly today.
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Old 01-02-08, 10:26 AM   #9
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Quote:
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VM Ware (VMW) is killing me. If the stock price doesn't rally to $90 in the next 12 trading days or so, I'll be in bad shape.
Needs to fill the gap between 75 and 80 first me thinks. Could end up bouncing at 70 to form a double bottom.
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Old 01-02-08, 10:36 AM   #10
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Old 01-02-08, 10:38 AM   #11
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Rootin' for ya, D. If the eighth proves to be vanilla I might help support it at the very low 70s. Hope you get a favorable earnings surprise. GL!
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Old 01-02-08, 10:40 AM   #12
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Just opened a short on this bloated pig SVNT at 24. Can't post the chart for some reason.
Took the point at 23. Closed short position.
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Old 01-02-08, 10:51 AM   #13
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The only stock position I hold are puts on DFS. This year's consumer credit card meltdown will be last year's mortgage meltdown. I know the financials have already been hammered, but I don't think we've seen the full iceberg that awaits.

In my mind, Discover and Capital One will be the first and hardest hit.
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Old 01-02-08, 11:52 AM   #14
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oil 100 barrel = caca / want to move some doe into blue chips think I wont pull trigger. Think first quarter will be bumpy. I think I can get a better value if I sit tight. Any thoughts?
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Old 01-02-08, 12:01 PM   #15
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January could get ugly for the Dow.

Had a marker today to buy SOLF (Solarfun). Oil price doesn't worry me, because the move to solar is happening around the world.
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Old 01-02-08, 12:19 PM   #16
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Quote:
Originally Posted by HAPPY BOY View Post
want to move some doe
A deer? A female deer?

But to answer your question, I wouldn't be buying into anything that isn't anti-dollar. Get some yen, gold, etc. & sit tight.
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Old 01-02-08, 12:21 PM   #17
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Quote:
Originally Posted by Destroyer View Post
Apple (AAPL) is an amazing stock. The market is down and the stock price is still able to sustain it's price momentum. Apple stock must be on Viagra. Look at the trend on the closing prices of Apple by month:

Dec-07...198.08
Nov-07...182.22
Oct-07...189.95
Sep-07...153.47
Aug-07...138.48
Jul-07...131.76
Jun-07...122.04
May-07...121.19
Apr-07...99.80
Mar-07...92.91
Feb-07...84.61
Jan-07...85.73

Gosh, why didn't I buy this stock??!!
I sold AAPL a while back was happy to get 141 for it given I bought in at around 83. I figured it's day was done, boy was I wrong.
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Old 01-02-08, 12:54 PM   #18
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Betting against the market is the only way to go.
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Old 01-02-08, 01:14 PM   #19
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Solar sector continues to boom.

Just today:

Quote:
Jan 2, 2008 08:54:35 (ET)

DOW JONES NEWSWIRES

Akeena Solar Inc. (AKNS) jumped 47% in pre-market trading, to $11.60, after the small cap firm said it inked a licensing deal with Suntech Power Holdings Co. (STP) to distribute its Andalay solar panel technology in Europe, Japan and Australia.

Suntech targets sales of over 10 megawatts of the Andalay solar panels to the licensed regions in 2008.

Financial terms of the deal were not disclosed.

If the gains hold in regular trading, Akeena Solar shares will eclipse their previous 52-week high of $10.05.

As the old (energy) order makes way for the new, don't sit on the sidelines...
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Old 01-02-08, 01:25 PM   #20
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Old 01-02-08, 01:28 PM   #21
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Just get in on the upcoming VISA IPO. Much bigger share of the market than Mastercard, which did great!
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Old 01-02-08, 01:34 PM   #22
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Quote:
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Just get in on the upcoming VISA IPO. Much bigger share of the market than Mastercard, which did great!
I'd be careful. I think we see credit card defaults go through the roof this year and a continued tightening of credit. Don't see how those can be positives for Visa, MC or any card issuer.

We shall see.
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Old 01-02-08, 01:38 PM   #23
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Old 01-02-08, 01:40 PM   #24
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Quote:
Originally Posted by Destroyer View Post
Apple (AAPL) is an amazing stock. The market is down and the stock price is still able to sustain it's price momentum. Apple stock must be on Viagra. Look at the trend on the closing prices of Apple by month:

Dec-07...198.08
Nov-07...182.22
Oct-07...189.95
Sep-07...153.47
Aug-07...138.48
Jul-07...131.76
Jun-07...122.04
May-07...121.19
Apr-07...99.80
Mar-07...92.91
Feb-07...84.61
Jan-07...85.73

Gosh, why didn't I buy this stock??!!
It was Jim Cramer #2 pick in January 2007 for stocks to own in
2007. So he double that but on the other hand is number 1 play for 2007 was NYX (new york stock exchange group) he said buy it last January at 94 and it is now trading around 85.

This is the week he will recommend is top stocks to own in 2008 im sure he will pat himself on the back and remind us he told us to buy apple a year ago.
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Old 01-02-08, 01:50 PM   #25
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Old 01-02-08, 01:57 PM   #26
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Cramer is just a fast talker who's wrong just as often as he's right. The Fast Money, before Cramer, is where it's at. They're real traders who put their own money on the line. The bald guy and the dude on the opposite side of the desk know their sh*t.
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Old 01-02-08, 03:03 PM   #27
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SOLF, mentioned above, up 10% for the day!


http://www.youtube.com/watch?v=ipZDG6__Zfc
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Old 01-02-08, 04:52 PM   #28
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Quote:
Originally Posted by Dark Horse View Post
SOLF, mentioned above, up 10% for the day!


http://www.youtube.com/watch?v=ipZDG6__Zfc
damn, gotta keep this mo fo on my radar!
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Old 01-02-08, 05:06 PM   #29
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Next one I'm calling Nikita about: VIP. Company that is going to bring the BlackBerry to the Russian market.
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Old 01-02-08, 05:42 PM   #30
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I made a killing today.
I'm a strict shorter. 2007 was awesome for me playing the financials and home sector short.
2008 will be another great year for shorters, and put option players. The dow, NASDAQ, and most major markets won't do much at all in 08.
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Old 01-02-08, 05:45 PM   #31
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Quote:
Originally Posted by Wrigley View Post
It was Jim Cramer #2 pick in January 2007 for stocks to own in
2007. So he double that but on the other hand is number 1 play for 2007 was NYX (new york stock exchange group) he said buy it last January at 94 and it is now trading around 85.

This is the week he will recommend is top stocks to own in 2008 im sure he will pat himself on the back and remind us he told us to buy apple a year ago.

Apple is a big hype stock. The blackberry maker (Research In Motion) (RIMM) has actually outperformed apple, and has much more upside to them.

The best performing stock in 2007 (not counting micro caps or penny stocks) was First Solar (FSLR). It was up near 800%. Keep your eye on this one to SHORT in 2008. This has bubble written all over it.
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Old 01-02-08, 06:16 PM   #32
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Apple has real value. Ipod, computers, etc. And Steve Jobs is a marketing genius. They have a clear edge, and for the first time PC devotees are starting to look at Macs. That's big.

The over hyped stock to me is Google. Very hard to tell what the real value is. Today people believe it's worth 700, tomorrow it could be 300. There's no product line to fall back on.

FSLR is located in sunny Phoenix, Arizona. They popped too fast to my liking as well. But the solar boom is happening regardlessly. Around the world. Energy shortage + global warming = solar pop!
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Old 01-02-08, 09:26 PM   #33
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Google is one on my list to, as a potential short (put option) play. Once the market starts getting hammered these high flyer's are going to be the 1st to get smashed; as the institutions start grabbing profit out of these high flyer's.

Solar is going to be a great short, trust me on that. It's all hype with purely speculative earnings. Many are trading with P/E's above 200. This has a dot com bubble written all over it. When it crashes; I'm going to make as big of a score as I did on MCI when that went bust.

mmm, btw, I heard on the radio today that for the 1st time in US history every state in the union recorded a temperature BELOW 20 degrees somewhere in the state. One has to love that global warming!
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Old 01-02-08, 09:39 PM   #34
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re: Gold
Gold broke all-time high today, I am one happy Kitco gold pool participant, expecting gold to rise sharply this year.
Long term: buy

re: VMWare
They have a good product and so did Netscape. Both companies were/are not competing with that ugly but free Microsoft's offering. What I have learned in the recent years is that Microsoft tends to keep coming with new, better versions and that the bubbles burst. The infamous tech stock bubble proved that the financial industry at large is incapable of understanding technology-related matters. This is happening again with VMWare just on a much smaller scale. Again, they have a good product but they are just a niche software company with somewhat grim prospects as Microsoft on one end and the open source on the other will keep coming after them. Their capitalization is simply ridiculous.
Long term: sell
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Old 01-02-08, 09:46 PM   #35
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