Peanut's Potent Plethora of Profit

[billyjoe]

Peanuts,
Give me 10 winners in the next month and I'll be your best bud. I'll also post if you're wrong.

-----------billyjoe

[peanuts]

I didn't say that China has nothing to do with my "stocks" nor did I imply that I didn't think that China affects, or will ever effect the stock market.... You need to read my post again dude.

I guess where our thoughts differ is.... I think Basic (domestic) Steel producers (that I watch) will be ripe to short sell before 2008 (maybe in a few months) and it will be due to slower (domestic) demand and increased inventories.... China will have little to do with the slide.... After 2008? Who knows? I'm not lookin' out that far right now....

OK, I get what you mean. What I should have said is that I think you are fighting a major bullish trend in steel until 2008 by shorting steel anytime between now and then. I wish you luck when you do it, and I'd certainly like to know your reasoning behind doing so at the time you do it.

[Lyehopper]

I wish you luck when you do it, and I'd certainly like to know your reasoning behind doing so at the time you do it.

uhhhhh.... My reasoning will be because the stock price will be falling at that particular time. What other reason is there to short sell?

[peanuts]

... your egocentric personality and continous need for affirmation it makes me want to puke. I just can't be around you anymore. You can deceive yourself as much as you want but I'm out.

If I really make you that sick, don't read this thread.

I'd prefer that you would rather stay, and read, and post, too. I think your feedback is contemplated well before you post... on stocks I'm not deceiving myself of anything... maybe you find it hard to believe that I've actually made these kinds of returns. All my posts are here, dude. Check the posts and timing and charts, and you will see...

come back, dude, come back

[peanuts]

uhhhhh.... My reasoning will be because the stock price will be falling at that particular time. What other reason is there to short sell?

of course

[Lyehopper]

To short or not to short....

I will not short any shares of SWHC. If trading goes well after the report, I will increase to a larger position than what I just had. This company is cheap!

Might want to reconsider short selling SWHC dude.... It's due a retracement imo.

[peanuts]

I'm trading Q today.

Got in at $9.08, long

[peanuts]

Might want to reconsider short selling SWHC dude.... It's due a retracement imo.

I have a target sell price of 11.11. If it reaches that, I sell the balance of my shares to breakeven on the trade, then use the remaining shares as pure profit (house money) I already scaled out of the trade, yesterday, so I was able to move my stop loss to a better point when considering total risk and return on the trade. So far, this trade is working out for me very well.

Thanks for that TA. I'll consider shorting if this breaksdown, but certainly not now... this bad boy continues to make 52 week highs, and that is not shorting material.

[Lyehopper]

I have a target sell price of 11.11. If it reaches that, I sell the balance of my shares to breakeven on the trade, then use the remaining shares as pure profit (house money) I already scaled out of the trade, yesterday, so I was able to move my stop loss to a better point when considering total risk and return on the trade. So far, this trade is working out for me very well.

Thanks for that TA. I'll consider shorting if this breaksdown, but certainly not now... this bad boy continues to make 52 week highs, and that is not shorting material.

I think holding SWHC through earnings is risky....

[peanuts]

I think holding SWHC through earnings is risky....

Intraday SHS looks fuzzy to me. It's possible, but I would have never seen that if you had not posted. Here's what I'm looking at:

I do agree that holding through earnings is risky. Which is exactly why I scaled back yeaterday at a good profit and moved my stop to breakeven. Let's hope it doesn't trigger!

[peanuts]

I'm trading Q today.

Got in at $9.08, long

just added at $9.07, doubled position.

[peanuts]

I scaled out of SWHC today, at $10.51 for 5.4%, and moved a stop to breakeven on the rest of the shares. SWHC should report outstanding Q results tomorrow or today, but with the recent craziness that I've been witnessing after supposed good Q reports from other companies, I don't want to go into this report holding a full position... in case something really bad happens.

I don't think something bad will happen, so this is my only way to play this for now. I will not short any shares of SWHC. If trading goes well after the report, I will increase to a larger position than what I just had. This company is cheap!

Smith & Wesson Holding Corporation Posts Record First Quarter Results:

Record Revenue of $47.6 Million vs. $31.8 Million in Prior Year (+49%)
Quarterly Net Income of $3.4 Million vs. $2.7 Million in Prior Year (+25%)
Quarterly Net Income Increases Over 300% Exclusive of Prior Year Adjustment

PRESS RELEASE

Let's see if this turns out to be as good as HOKU

[peanuts]

I'm trading Q today.

Got in at $9.08, long

just added at $9.07, doubled position.

My stop loss was not yet triggered, so I'm holding the position overnight, and will most likely sell tomorrow.

[Lyehopper]

Smith & Wesson Holding Corporation Posts Record First Quarter Results:

Record Revenue of $47.6 Million vs. $31.8 Million in Prior Year (+49%)
Quarterly Net Income of $3.4 Million vs. $2.7 Million in Prior Year (+25%)
Quarterly Net Income Increases Over 300% Exclusive of Prior Year Adjustment

PRESS RELEASE

Let's see if this turns out to be as good as HOKU

Gap from yesterday just closed.... I like the way it's acting so far.... Good call Peanuts.

[Lyehopper]

just added (Q) at $9.07, doubled position.

Where's your stop?.......