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etftalk
03-30-2009, 05:06 AM
Welcome and good luck Uptrend!

Rules (http://www.etftalk.com/forum/showthread.php?t=362)

JTH
03-30-2009, 07:38 AM
Good to have you here Uptrend :)

Gumby
03-30-2009, 11:08 AM
Welcome and good luck

XL-entLady
03-30-2009, 11:46 AM
Uptrend, sincere thanks for accepting the invitation to join us here. I am looking forward to your insight and expertise in our discussions! Very cool!

Lady

justbizness45
03-30-2009, 12:54 PM
UpTrend, welcome and thanks for coming over. I enjoy your insights at TSPTalk and look forward to them here also.:)

Uptrend
03-31-2009, 01:53 AM
All in cash at the moment. 110% gain in March. Hoping to do the same in April! Stay tuned!

I considered FAZ last Friday, but did not buy.

alevin
03-31-2009, 03:07 AM
Good to see you Uptrend, was hoping you'd come join us.

Uptrend
03-31-2009, 04:05 PM
Bought DRYS @5.07

Uptrend
04-01-2009, 05:42 AM
DRYS sold. Oops I was in a hurry this AM and put in the wrong sell order type. I meant to put in a stop market order on DRYS at 4.72, but accidently put in the limit order. So, I was sold almost immediately at 5.05. So with trading fees I have a loss of -1.37%

I guess there is first for everything. Looking at tomorrows open, I am kind of glad it sold!

XL-entLady
04-01-2009, 02:51 PM
DRYS sold. Oops I was in a hurry this AM and put in the wrong sell order type. I meant to put in a stop market order on DRYS at 4.72, but accidently put in the limit order. So, I was sold almost immediately at 5.05. So with trading fees I have a loss of -1.37%

I guess there is first for everything. Looking at tomorrows open, I am kind of glad it sold!
Thank you for sharing that with us, Uptrend. :) I did the exact same thing a couple of weeks ago. I had to make a new rule for myself that I am never going to trade while "time impaired."

Lady

Uptrend
04-03-2009, 01:55 PM
Bought FAZ just after the open @17.75 Looking for a sell the news reaction to the mark-to-market accounting rules. Underlying securities are still junk. Heavy buying at the open. Others must agree with me! Also near the bottom of a 10 day channel. Next stop $23.00

etftalk
04-03-2009, 04:27 PM
Another glutton for punishment. :) We're with you brother.

Ryan
04-03-2009, 05:33 PM
Bought FAZ just after the open @17.75 Looking for a sell the news reaction to the mark-to-market accounting rules. Underlying securities are still junk. Heavy buying at the open. Others must agree with me! Also near the bottom of a 10 day channel. Next stop $23.00

Still in FAZ at 20.54. I'm still waiting for the sell the news also and the new budget reactions!!!

Uptrend
04-04-2009, 06:13 AM
Not so fast! I know I got creamed today, but FAZ can make big moves. Meet you over in technical analysis to show what I am thinking. Hanging on!

Uptrend
04-08-2009, 02:19 PM
Sold FAZ @ 17.90 (0.84) I had the wrong entry point and the trade was not going anywhere. Do not like to hold this ETF that long.

Uptrend
04-09-2009, 04:32 AM
Well, should have held FAZ today. Tomorrow should open lower due to market green. If FAZ goes below $17 will load up. My market take is on the TSP market talk, if you wish to view. Later.

JTH
04-09-2009, 05:17 AM
Well, should have held FAZ today. Tomorrow should open lower due to market green. If FAZ goes below $17 will load up. My market take is on the TSP market talk, if you wish to view. Later.

Good read Uptrend, If we continue the downtrend, I'll Jump in on one of the Fib levels @ 562. Timing an IFT could get tricky at those levels. :rolleyes:

Uptrend
04-09-2009, 02:04 PM
Wow! Glad I liquidated FAZ yesterday! Just bought DRYS @4.79 It is cheaper than the other shippers, just as good a company and should pop soon. Baltic shipping is weak, but will pick up. Also DRYS makes big price swings for no apparent reason.

Uptrend
04-13-2009, 05:08 AM
Here are some reasons I bought DRYS. Nice uptrending channel, nice as it gets! There could be a little more gap fill down to $4.55, but not that much lower than where I bought. That might be an ideal entry point. Also options show a pop is likley soon, based on where April and May call strike open interest is located, with a big high around $7.50 + premiums. I often use options open interest to help define likely movement, with the addition of chart technical information. BTW, DRYS is expecting waivers soon on some of it's debt, which as I understand it, will make the stock sail to around $6.50 -$7.50. That lines up with options calls.

http://erikmarketview.blogspot.com/

http://4.bp.blogspot.com/_Qdtp9kZdS-Y/SeIvfKTP6zI/AAAAAAAAAKI/E7zZ1tzUEK4/s1600/drys_hour.jpg

http://4.bp.blogspot.com/_Qdtp9kZdS-Y/SeIvfV_qoTI/AAAAAAAAAKQ/bGlalEc0iu8/s1600/drys_day.bmp

Uptrend
04-14-2009, 02:09 PM
Sold DRYS @ 5.50 (14.8%)

LTB
04-14-2009, 03:17 PM
Sold DRYS @ 5.50 (14.8%)
Nice! I'd been holding another shipper - GNK that has done well for me in the past. Sold some this morning for a 10% gain, though I wish I held a bit longer. Sold some last week for a 22% gain - looking at another entry point. Gotta keep my eye on DRYS....

Ryan
04-14-2009, 05:30 PM
Nice! I'd been holding another shipper - GNK that has done well for me in the past. Sold some this morning for a 10% gain, though I wish I held a bit longer. Sold some last week for a 22% gain - looking at another entry point. Gotta keep my eye on DRYS....

Been looking at another shipper--EGLE. Let me know what you think.

Thanks.

LTB
04-14-2009, 06:07 PM
I was checking out EGLE several months ago, haven't followed up with them so I don't know what to say. I do own another shipper - EXM - it dropped quite a bit but I'm expecting good things from it.

Uptrend
04-16-2009, 08:00 PM
Bought FAZ for a short-term play @9.10 near the close. Wish me luck!

XL-entLady
04-16-2009, 10:01 PM
Good luck! You are a brave, brave man. :bigsmile:

Lady

Gumby
04-17-2009, 02:51 AM
Bought FAZ for a short-term play @9.10 near the close. Wish me luck!

Good luck...everytime I buy FAZ it seems to go down,

XL-entLady
04-17-2009, 01:00 PM
The Slope of Hope blog dude went long DRYS yesterday. FWIW.

http://www.slopeofhope.com/


Lady

XL-entLady
04-17-2009, 04:20 PM
The Slope of Hope blog dude went long DRYS yesterday. FWIW.

http://www.slopeofhope.com/


Lady
DRYS up 21% today. Slope of Hope dude knows how to read charts!

Lady

Uptrend
04-20-2009, 02:57 PM
Closed FAZ @10.30 (11.35) FAZ hit a brick wall this AM and there is much resistance above. I have a gov day job, so cannot micromanage. Will look for more opportunities tonight.

JTH
04-20-2009, 03:39 PM
Closed FAZ @10.30 (11.35) FAZ hit a brick wall this AM and there is much resistance above. I have a gov day job, so cannot micromanage. Will look for more opportunities tonight.

+1 :)

Uptrend
04-22-2009, 05:17 AM
Bought DXO this AM @2.51, IMO this fall to 2.43 is not supported, and it will regain strength. I waited until DXO gained horizontal support @2.50. Looking to backtest the trading channel and pennant it fell from at about 3.00. I believe the May contract expired today, which might of had something to do with the price change, although I believe the June contract is higher. I am not sure what effect contract changes have though, perhaps someone knows? I can read charts, but don't know what the oil traders are doing. It just seemed to be a good buy, and had chart support. Also, I noted that the dollar was quite overbought, and this affects asset valuation. When the dollar falls, we will get a pop in oil. I feel like a currency trader, when I am trading oil. The same goes for the metals and metals industry and solar, which follows oil.

http://www.nymex.com/CL_term.aspx

Uptrend
04-23-2009, 04:43 AM
Closed DXO position today @2.59 (3.18) Report came out on inventories busting out everywhere -so too soon to play. Will wait for the cartel to tighen up supplies - if that is possible.

Almost bought FAZ, but have not pulled the trigger yet. FAZ came down and gap filled and made a double bottom. Believe the market will roll over soon. Also looking at QID

Uptrend
04-28-2009, 04:57 AM
Forgot to post, but I bought FAZ Thrusday April 23 @7.95 Looking for a rise to the gap near 18. XLF and BKX look to be rolling over today.

etftalk
04-28-2009, 05:09 AM
Are you sure you didn't buy on Friday? The low on Thursday for FAZ was 8.77. Friday was the only day that it dipped below $8. Thanks

Uptrend
04-28-2009, 05:19 AM
Oops, I just looked at my trading account, bought on Friday. Was going to buy just after the open when FAZ went to 9.17, but I saw a mini H&S forming, went over and looked at the futures that were pointing higher, so was glad I waited, as a breakdown quickly occurred.

Uptrend
05-01-2009, 06:33 AM
Still holding FAZ (in at 7.95) and watching it roll. Looking for an upside target to $13. Will see what develops in the next 5-6 trading days. Thought about selling Tuesday morning when over $9, but held. Hindsight says I should have sold and bought back in lower today. If one had a lot of funds and time to daytrade, one could buy/sell FAS/FAZ every day and make money. Just watch support and resistance lines on the hourly and 15 minute charts. Sometimes 10-20% gain each day.

Uptrend
05-04-2009, 02:23 PM
Sold FAZ just after the open @8.25 3.77 (and glad I did). This trade went nowhere. This market sems to be in denial.

Gumby
05-04-2009, 06:56 PM
This market sems to be in denial.

There seems to be much hope in this market. Doesn't make sense to me at all.

Uptrend
05-06-2009, 02:32 PM
Another try! Bought FAZ at about 25 minutes after the open @5.87. I used an early drop on the 1 minute charts as a double bottom for an entry point, but it bought me, went on down to 5.69 and turned around. Hard to catch this one! At these low prices, one can really accumulate the shares, and if the financials take a good haricut, the up meter will really spin.

The technical reason I bought was because I think the spx 912 pivot should hold up as resistance, and we should get a reversal tommorow or Friday. EWT suggests a reversal for proper wave count. Also the ADP employment numbers were lower than expected, but often wrong. Thinking this was the last Hurr-ahh

Uptrend
05-12-2009, 05:05 AM
Still holding FAZ for now. It went on a raqmpage to the downside, but climbing back. I did not load more. Watching the XLF for clues. We did have a breakout to the upside, right after I bought last week, but that might fizzle. Waiting to see what happens in the short-term.

Today we had several banks raising $ to pay back the TARP. The risk of share dilution should push the financials down.

Uptrend
05-13-2009, 02:39 PM
Sold FAZ @ 6.01 (2.3) Bought FAS @9.10 with a 2% trailing stop.

JTH
05-13-2009, 06:09 PM
I'm singing your theme sond by SRV "Walking the tight rope"

Good play :)

Uptrend
05-14-2009, 03:25 AM
No I actually made a very dumb trade! I guess I was relieved to sell FAZ after it tanking about $1.50 after I bought and then recovering; a big whew! Before I sold this AM, I saw the gap window on FAZ up there at about $6.20 and thought that FAZ would not get past today (which turned out to be correct - it stopped right at it). Then I decided to go FAS because the spx broke the uptrend line at 900, and I figured it would go back up and retest (which I still expect). This is part of the deployment of lower lows and lower highs. Also, broken trendlines normally retest. The mistake I made was putting the stop too tight, and got stopped out. I will now wait for the retest and then consider diving back into FAZ. I am thinking FAZ has the medium potential of $17 and high of $25-30. It will never be $100 again.

Uptrend
06-05-2009, 02:30 PM
Bought FAZ again today @ 4.33 Loaded the truck. There is a gap window on spx at 918-923 USD is bouncing up. Looks like a M top forming to me. Bond yields up again. Summer doldrums. IMO this is the formula for a fall.

Uptrend
06-05-2009, 02:34 PM
Been watching tickers DAN and AXL Thinking about buying DAN after the next market correction and turn up. Thoughts?

alevin
06-05-2009, 03:07 PM
Upt, I haven't been watching either of these, but a quick look at fundamentals via BigCharts/profile for each company, AXL's fundamentals look horrible, DAN looks dicey but maybe worth a small flyer. I'm looking at earnings, ROI, p:b, p:s, dividend......

Uptrend
06-15-2009, 02:54 PM
Missed out on the Dan move. Still think this auto supplier has more upside, and when the market corrects will be on my future play list. Bought TZA today @ 22.11. It was taking off!

Uptrend
06-23-2009, 01:54 PM
Sold FAZ today @5.34 (+23.3) Bought FAS @ 8.20

Uptrend
06-23-2009, 01:57 PM
Sold TZA @24.70 (11.7)

Uptrend
06-26-2009, 02:14 PM
Sold FAS @ 9.08 (10.7) Bought FAZ @ 4.80 I believe the market is forming the right shoulder of a H & S pattern. Not much risk as much resistance overhead. Playing the up/down game as the right shoulder develops. However, I may hold the FAZ position longer this time, rather than a swing trade.

Uptrend
07-06-2009, 02:03 PM
Sold Faz @5.25 (9.3) Bought Fas @8.17 Expect a shortterm bounce Price objective to about 9.15

Uptrend
07-17-2009, 02:29 PM
Sold FAS @48.76 (19.4) There was a 5:1 reverse split while I was in the trade. Bought TZA near the close yesterday @ 20.19

Show-me
07-22-2009, 11:18 AM
I in the same boat, got some at 20.50 and would like to buy some more. GL