Skiracer's stock slopes

[skiracer]

Near the top of the page you will find a darkish blue band with User CP (Control Panel) as the first option. That is the one you’ll need. I don’t know if it will help for your problem(s). Should I merge your other thread with this one?

Regards,

Karel

i dont think merging is necessary karel. thanks for the help.

[skiracer]

ADAT: yesterday was a big volume /accumulation day for this stock. over 1 million shares in volume and the stock closed up .04 on that action. that means that whoever owns those warrants with the strike price of $1 are buying up the available stock. big volume day. normal average volume is around 225000. this volume surge is pointing to a rise in price. if you are not in this stock it is still at a good level for an entry.

SCSS: i bought this stock yesterday at $6.75. had a tremendous 2nd half of 2009 and has been consolidating for the past 2-3 wks. i'm looking for a move up.

WBS: I mentioned the stock in the beginning of the week when it was around $13 range. it closed yesterday at $14.11. it's a financial stock and could be effected by the sectors strength but it's a strong regional (northeast) bank. worth a look but $13 was the right entry.

JBII: I'm waiting for it to go under $5 or lower.

I still like the financial sector to correct a bit. the bad part about that is that the markets in general need the financials to be strong to advance their upward trend. be patient. if BAC goes under $16 I will be a buyer or either the stock or the May options. BAC reports earning on Jan. 20.

[skiracer]

JPMorgan Chase reports a 3.3 billion profit this qtr. that's not 3.3 million but 3.3 billion this qtr. within the last year they took almost 40 billion in TARP money because they were going to go bust without it. they aren't lending any money, you can't borrow 2 cents from them if you aren't a triple AAA credit rating and have collateral to back up your loan. so what are they doing to make and earn 3.3 billion in profit. what they did was take the public's money and invest it in sure things that they had insider info on, then they paid back the TARP money after they used it without any interest so to speak, and now they will pay themselves gigantic bonuses because they paid back the TARP money and that leaves them with a clear conscience. we're all a bunch of bozo's and they are pissing down our calves after using our money. if that doesnt make you want to steal and cheat and lie about your taxes and what you give them then there is something wrong with you.

[skiracer]

ADAT: yesterday was a big volume /accumulation day for this stock. over 1 million shares in volume and the stock closed up .04 on that action. that means that whoever owns those warrants with the strike price of $1 are buying up the available stock. big volume day. normal average volume is around 225000. this volume surge is pointing to a rise in price. if you are not in this stock it is still at a good level for an entry.

SCSS: i bought this stock yesterday at $6.75. had a tremendous 2nd half of 2009 and has been consolidating for the past 2-3 wks. i'm looking for a move up.

WBS: I mentioned the stock in the beginning of the week when it was around $13 range. it closed yesterday at $14.11. it's a financial stock and could be effected by the sectors strength but it's a strong regional (northeast) bank. worth a look but $13 was the right entry.

JBII: I'm waiting for it to go under $5 or lower.

I still like the financial sector to correct a bit. the bad part about that is that the markets in general need the financials to be strong to advance their upward trend. be patient. if BAC goes under $16 I will be a buyer or either the stock or the May options. BAC reports earning on Jan. 20.

ADAT: I own approx. 65,000 shares of this stock from $1.05 range. I'm up about $3900 with the trade as of todays close but to be honest i am kind of disappointed with the performance of the stock. I really did think that it would have made a more substantial move by now but no cigar. I'm still holding the trade and am still expecting much more from the play. this is still a good level for entry.

SCSS: this trade showed it's mettle today. down most of the day it came back to close at $6.81 or +.06 from my entry. this is still a great entry level and i am expecting to see $8-9 range soon with this trade.

WBS: some profit taking going on from the last couple of days gains. $13 /13.50 range was the right entry but there is still another couple of points gains left in the tank on this one. if the market continues up this stock will move right along with it.

JBII: I am waiting for it to drop below $5 for any thought on another entry.

I have been talking about the financial sector and Bank of America in particular and mentioned buying the FEB 10 puts at $16, 17, 18 or the stock itself. today was a big day for anyone owning those put options aside from shorting the stock itself. another great play against the financial sector would have been in FAZ or TZA which both produced a nice gain today to end the week up for both trades. if BAC breaches $16 then i would be open to look at the May 10 calls at $16, 17, 18 again. BAC reports earnings on Jan. 20. btw, this is playing out exactly as i called it and any of these plays would have made money.

[Websman]

...we're all a bunch of bozo's and they are pissing down our calves after using our money. if that doesnt make you want to steal and cheat and lie about your taxes and what you give them then there is something wrong with you.

I cheat on my taxes every chance I get...

[Lyehopper]

TZA clarification....

....another great play against the financial sector would have been in FAZ or TZA which both produced a nice gain today to end the week up for both trades.

Ski... TZA is an inverse 3x ETF connected to the Russell 2k, it's NOT directly connected to the "financial sector" as FAZ is.

"TZA: The investment seeks to replicate, net of expenses, 300% of the inverse daily performance of the Russell 2000 Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified."

"FAZ: The investment seeks to replicate, net of expenses, 300% of the inverse daily performance of the Russell 1000 Financial Services Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified."

[mrmarket]

JPMorgan Chase reports a 3.3 billion profit this qtr. that's not 3.3 million but 3.3 billion this qtr. within the last year they took almost 40 billion in TARP money because they were going to go bust without it. they aren't lending any money, you can't borrow 2 cents from them if you aren't a triple AAA credit rating and have collateral to back up your loan. so what are they doing to make and earn 3.3 billion in profit. what they did was take the public's money and invest it in sure things that they had insider info on, then they paid back the TARP money after they used it without any interest so to speak, and now they will pay themselves gigantic bonuses because they paid back the TARP money and that leaves them with a clear conscience. we're all a bunch of bozo's and they are pissing down our calves after using our money. if that doesnt make you want to steal and cheat and lie about your taxes and what you give them then there is something wrong with you.

That was indeed mind boggling.

[billyjoe]

I'm too busy barfing to comment.

-------------billy

[skiracer]

Ski... TZA is an inverse 3x ETF connected to the Russell 2k, it's NOT directly connected to the "financial sector" as FAZ is.

"TZA: The investment seeks to replicate, net of expenses, 300% of the inverse daily performance of the Russell 2000 Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified."

"FAZ: The investment seeks to replicate, net of expenses, 300% of the inverse daily performance of the Russell 1000 Financial Services Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified."

You're absolutely right on all counts billy. but as it states, " it will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposiure to the index" (meaning the Russel 2000). I should have specified what I meant and brought this info to everyone's attention. but if you watch them both closely you will see that they never move in divergence to one another. when FAZ is down or up TZA is always moving in conjunction with it. that is why I like to link the two of them together when i look for bets against the financial sector. I mention TZA with FAZ because it is cheaper and thus more accomodating to buy than FAZ.

[skiracer]

JPMorgan Chase reports a 3.3 billion profit this qtr. that's not 3.3 million but 3.3 billion this qtr. within the last year they took almost 40 billion in TARP money because they were going to go bust without it. they aren't lending any money, you can't borrow 2 cents from them if you aren't a triple AAA credit rating and have collateral to back up your loan. so what are they doing to make and earn 3.3 billion in profit. what they did was take the public's money and invest it in sure things that they had insider info on, then they paid back the TARP money after they used it without any interest so to speak, and now they will pay themselves gigantic bonuses because they paid back the TARP money and that leaves them with a clear conscience. we're all a bunch of bozo's and they are pissing down our calves after using our money. if that doesnt make you want to steal and cheat and lie about your taxes and what you give them then there is something wrong with you.

I was bothered by the amount of profit they made directly after claiming those losses last year and needing to be bailed out with the taxpayers money. after i posted this i read late yesterday where they had actually lost money for the entire year which was false. then this morning i read this on Google Finance:

"JPMorgan Chase opened what is expected to be a robust — and controversial — reporting season for the nation's banks on Friday with news that its profit and pay for 2009 soared.
In a remarkable rebound from the depths of the financial crisis, it earned $11.7 billion last year, more than double its 2008 profit.
Those cheery figures were accompanied by news that JPMorgan had earmarked $26.9 billion to compensate its workers, much of which will be paid out as bonuses. That is up about 18 percent, to an average of about $129,000. Workers in JPMorgan's investment bank averaged roughly $380,000 each. Top producers, however, expect to collect multimillion-dollar paychecks.
The strong results — coming a day after the Obama administration, to howls from Wall Street, announced plans to tax big banks to recoup some of the cost of bailing out the financial system — underscored the gaping divide between the financial industry and the many ordinary Americans who are still waiting for a recovery.
But some of the news from JPMorgan unnerved Wall Street. The bank warned investors it was too soon to say that losses on mortgages and other loans have peaked. The Dow Jones industrial average lost almost 101 points" so they actually did much better than initially reported and are stating that they are going to give exhorbitant bonuses out across the board after all.

Is this equitable for the American public? the govt gives them our tax dollars at 5% interest to bail them out of a situation they created to the detriment of everyone. then they do what they want with our cheap money and continue to do as they want after the fact. try to get a loan from any of them after we lend them our money at a rate no one can get anywhere.

[skiracer]

Ski... TZA is an inverse 3x ETF connected to the Russell 2k, it's NOT directly connected to the "financial sector" as FAZ is.

"TZA: The investment seeks to replicate, net of expenses, 300% of the inverse daily performance of the Russell 2000 Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified."

"FAZ: The investment seeks to replicate, net of expenses, 300% of the inverse daily performance of the Russell 1000 Financial Services Index The fund will invest at least 80% of assets in securities that comprise the index. It will also utilize financial instruments that, in combination, provide leveraged and unleveraged exposure to the index. The fund is nondiversified."

I wanted to post these two charts of FAZ and TZA to show their relationship and how closely they track each others chart. Lyehopper is correct in his statements regarding both but for some reason TZA, which is the one that is not directly linked to any financial sectors, tracks FAZ almost mirror like. I find myself using TZA on more occassions than FAZ when looking to take a position against the banks or financial sectors because it is cheaper and I've found that the percentages run higher to the upside when long with the trade. but that is a disadvantage when long and the ETF goes down because the percentage will also run higher in that direction.

[skiracer]

I've been talking about 3 stocks this past week. here is a chart on each of them with some explanation on my feelings for each. BTW all of these charts are weekly which is the time frame that I usually rely on for making trading decisions.

I wasn't enamored with ADAT's chart and the chart was not led me to the stock. there are a few significant factors regarding future contracts and recent stock and warrant offerings that make me feel there is something in the wind and that there will be a significant move up. right now the chart is in a place where it is going to be one or the other soon. all the factors are pointing to a move up. I own a substantial position in ADAT and am expecting a significant move to the upside which in my mind makes it cheap at this price.



a very big cup base has formed over the past year and at the bottom of it the stock was under $1. that would have been a great time to catch it but no cigar. it came up in my scans recently and i liked it enough to buy it. it is in a nice place on it's chart and if it breaks thru that next line of resistance it will see $9 / 10 range or higher. it's fundamentals are quite strong and the momentum is building to the upside right now. friday's closing was what i like to see as it came back to close in the green at the end of the week after being in the red almost all day. I bought SCSS at $6.75 this week.




WBS is a strong regional bank in the northeast. it is very strong fundamentally and will move with the fortunes of the financial sector and the markets in general. has been consolidating for some time and is ready to make a significant move to the upside. definitely worth a look. i am holding this trade from $13 range.

[peanuts]

I like the looks of ADAT, Ski. What was the nature of the .38 low trading day, recently? It looks like somebody lost some money on that deal.

[billyjoe]

TZA, FAZ comparison http://finance.yahoo.com/echarts?s=F...volume;chartty

--------------billy

[billyjoe]

I like the looks of ADAT, Ski. What was the nature of the .38 low trading day, recently? It looks like somebody lost some money on that deal.

Ski,
I don't blame you but you're not telling us some of the information you have on ADAT. Upon further DD I'm hoping to get in maybe as soon as possible. This is not your everyday speculative 1.00 medical related stock. Thanks for pounding it into my brain.

--------------billy