SKF is approaching first target of $130 here pre market. We took 1/2 off and should just be holding 1/2 shares here. Moving stop to $120 to lock in +$10 on the 1/2 shares left.
+$20 in 4 days or 18% not too shabby.
I think it goes much higher....So I am just setting stops and letting it ride here
Thursday, March 6, 2008
Thursday
I will be on and off today as I am having software problems I am trying to fix.
Well the first serious casualty of the mortgage market seem to be here today as TMA got a notice of default for not meeting its margin call. I said it once and I will say it twice, this mortgage ship will end up like the titantic.
Lets stay nimble today as I think next week will have greater opportunities after we pass tomorrow job numbers. What can I say about OIL! Everyone know I am a oil bull but seriously we should not be here. I think we will get a pullback here as the trade is crowded but after we should mount higher again, we will see soon enough. Cramer calling oil to 125 from here great call, that's about 20%. I called 100 oil when it was 35, hmm almost 300%. Don't listen to the talking heads, prime example the Investment banks. I think they will crash and burn and I am looking for much much lower prices on the investment banks.
Stay tuned.
Only here will you see the real light.
Have a great day
Well the first serious casualty of the mortgage market seem to be here today as TMA got a notice of default for not meeting its margin call. I said it once and I will say it twice, this mortgage ship will end up like the titantic.
Lets stay nimble today as I think next week will have greater opportunities after we pass tomorrow job numbers. What can I say about OIL! Everyone know I am a oil bull but seriously we should not be here. I think we will get a pullback here as the trade is crowded but after we should mount higher again, we will see soon enough. Cramer calling oil to 125 from here great call, that's about 20%. I called 100 oil when it was 35, hmm almost 300%. Don't listen to the talking heads, prime example the Investment banks. I think they will crash and burn and I am looking for much much lower prices on the investment banks.
Stay tuned.
Only here will you see the real light.
Have a great day
Wednesday, March 5, 2008
Won't help
Can't say I didn't say it- Market was up +100 points on the Ambac news now we are negative.
Geez when will they learn we just can't stop the lows from being open target. Oil will soon crash and burn here soon, all the talking head on tv talking about 107. Oh ok buy at 104 and sell at 107 for 3 point profit or short and get $15 down side. I think I will play the short side when it sets up.
This is a numbers game folks that's all it is.
Geez when will they learn we just can't stop the lows from being open target. Oil will soon crash and burn here soon, all the talking head on tv talking about 107. Oh ok buy at 104 and sell at 107 for 3 point profit or short and get $15 down side. I think I will play the short side when it sets up.
This is a numbers game folks that's all it is.
POP then FLOP
Seem like the pop of the Ambac news was quickly sold into. Classic buy the rumor and sell the news.
Again this wont help the ailing derivative mortgage market.
Again this wont help the ailing derivative mortgage market.
MARKET POP
Market popping on news of deal to restructure Ambac to keep it AAA rating. This is just crazy. Maybe I should just crash my car or paint it with a brush and ask my bank to give me my purchase price for it. This is exactly why nothing can be fixed in this economy. The band aid mentally has to stop!!!!!!!
This wont help.
I predict funds will start dumping muni bonds soon
This wont help.
I predict funds will start dumping muni bonds soon
TRADE CALL !!
I am about to make another trade call today after market open which should be good for about $8-10. Yes we swing them for big profits here!!!! The stop loss will be $3 on the play so that's a good risk reward in my opinion. I am waiting on the first 1/2 hr to trade to see how we react at the open ..
STAY TUNED FOR ANOTHER WINNER!!!
STAY TUNED FOR ANOTHER WINNER!!!
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