Doctor Jack's Stock Medicine

[Lyehopper]

Lye, my point was that those of us who do this for a living don't pick a single stock in a contest to have fun.

Why not?....

And why are you speaking for the Doctor here Dave?

Are you two fellas somehow "above" entering a simple stock pick in this friendly little game with a bunch of rank amateurs? Would you play a round of golf with me Dave?.... or must I submit a financial statement and a copy of my collegiate accomplishments first before you would be seen in association with me?

[Jack Haddad]

going long here, looking for 62.14 by EOD

Just be careful here... The hourly and the 30 min charts are both weak. What is your strategy in the event your trade does not pan out? Do you plan to hold or have you set a stop loss limit?

[peanuts]

Just be careful here... The hourly and the 30 min charts are both weak. What is your strategy in the event your trade does not pan out? Do you plan to hold or have you set a stop loss limit?

100% at risk. no stop loss is set. I will wait until something better shows up until I get out or meet my target. But looking for it to reach it by the end of the day.

I don't yet fully understand options to play that hedge.

[DSteckler]

Why not?....

And why are you speaking for the Doctor here Dave?

Speaking for myself, Lye. I know a number of pros who do this for a living won't enter stock contests.

[spikefader]

I know a number of pros who do this for a living won't enter stock contests.

[Lyehopper]

It ain't really a "contest".... it's just the POTW.

Speaking for myself, Lye. I know a number of pros who do this for a living won't enter stock contests.

Hell, I already knew you were a puss and wouldn't play Dave.LOL.... I was asking the freakin' Doc to play here DAVE not you.... He actually posts the prices he buys his picks at so I assumed he surely wouldn't be afraid to pick a stock with his peers. And actually.... I think he'll wind up playin' with us just because of that fact.

Purchased 2 blocks at 33.12, and wrote 200 June 32.50 calls at 1.45

btw.... Great entry into EBAY today Doc.... would have made one helluva POTW pick.jejeje.... Had you posted at the same time on the POTW thread you would have been entered at the current open tick of the time stamp on the post. Of course it wouldn't beat my STLD short this week.... but it would have made a decent play nonetheless.... SsSsSssss.

[Websman]

Dave won't enter the POTW because he's afraid of being beat by a Vulcan...

[peanuts]

100% at risk. no stop loss is set. I will wait until something better shows up until I get out or meet my target. But looking for it to reach it by the end of the day.

I don't yet fully understand options to play that hedge.

doh!

I don't like them apples

[Lyehopper]

doh!

I don't like them apples

Learn to play short Peanuts.... Don't buck the market's trend dude.

[sisterwin2]

jejejejejejejejejeje

[Jack Haddad]

today's sell -off

The selling is to continue in the first 45 min of trading tomorrow, and thereafter, a bounce from the intraday lows should provide a good opportunity for some scalp trades.

Nevertheless the trend is still intact. This coming Friday is paramount for the health of the market as the May's payroll numbers come out. Today's sell off was pretty steep and oversold in my opinion. I was expecting bargain hunters to step the buying spree in the last hour, but to no avail. The sell-off was due to a decrease in the CPI numbers which came below expectations... But, believe me, the market needed a reason to trigger a sell- off after a 3-day rally from last week. If the payroll numbers prove to be abnormaly anemic (low), the selling will continue...and should the selling accelerate on heavy volume, we could easily breach technical support and fall out of trading range into a lower platform.

[IIC]

Speaking for myself, Lye. I know a number of pros who do this for a living won't enter stock contests.

The reason stock pros won't enter contests is because they don't know how to explain to their customers why they don't win the contests...I wasn't born yesterday Dave....Doug(IIC)

[IIC]

Doc...So far...I think you are good guy and most likely a very good investor...but I keep seeing you post things like...POST YOUR TRADES AND GIVE THE PRICE YOU PAID...or something like that.

Problem is...This is a Forum...People generally don't sit here and wait for a post(I don't anyway)...which comes up slow anyway. What you are asking is for a Live chat room...I'm in some and that's where I post my stuff within 1-3 mins. It is just not practical in a Forum setting.

If the people here want a Mr. M Forum...I've got a dormant one...No charge...Doug

[IIC]

The selling is to continue in the first 45 min of trading tomorrow, and thereafter, a bounce from the intraday lows should provide a good opportunity for some scalp trades.

Nevertheless the trend is still intact. This coming Friday is paramount for the health of the market as the May's payroll numbers come out. Today's sell off was pretty steep and oversold in my opinion. I was expecting bargain hunters to step the buying spree in the last hour, but to no avail. The sell-off was due to a decrease in the CPI numbers which came below expectations... But, believe me, the market needed a reason to trigger a sell- off after a 3-day rally from last week. If the payroll numbers prove to be abnormaly anemic (low), the selling will continue...and should the selling accelerate on heavy volume, we could easily breach technical support and fall out of trading range into a lower platform.

Maybe...Maybe Not...Maybe investors don't like Paulson...Maybe they don't like all those Caribbean crooked hedge funds buying up Treasury Notes...Did you notice the repo pool is at the highest level ever?...Where would we be if not for that?...There is a lot more going on behind the scenes than what the Wall Street Journal prints...Doug(IIC)

[DSteckler]

The reason stock pros won't enter contests is because they don't know how to explain to their customers why they don't win the contests...I wasn't born yesterday Dave....Doug(IIC)

Maybe you were born two days ago?

It's because if a pro buys or sells a stock that he or she recommends on a bulletin board contest, the SEC will be all over them like white on rice.