Skiracer's stock slopes

[skiracer]

I like it and downloaded the trial version. I'm tired right now but will play with it tomorrow and get to know it. Thanks Runner.

[Runner]

Here is a screen print on a play that would not be advised. The stock play and price does not much matter as I did a share overide. Notice the risk set at 7.08% now notice the profit of just 1.04%. This is crazy as the risk is over 3,000.00 to only gain possibly 498.00. R/R is -0.1 this is type of system could get a trader in trouble if he gets stopped out at his 7% risk often.

[Runner]

I like it and downloaded the trial version. I'm tired right now but will play with it tomorrow and get to know it. Thanks Runner.

It might make things a littler easier on ya ski as all the calculations are done for you.

[skiracer]

It might make things a littler easier on ya ski as all the calculations are done for you.

Runner,
I didn't get much of a chance to take a look at everything in the program but is the risk evaluation part of the TradeTrakker program?

[skiracer]

[quote=skiracer;68765]Here are a few stocks that I will be adding to the watchlist this week. Adding another stock and an two ETF's to the list.
ATHR - back on list again
MEK
HWCC
APLX
EFJI[/quote
CELG
IIH - Internet Infrastructure Holder
VWO - Vanguard Emerging Markets

[skiracer]

I always ask myself this question when I'm looking a chart when trying to determine whether or not to make a play and then the betting instincts come into play an I always ask myself after looking at the chart or the prices or odds, "would anyone buy or bet this game at these prices". I'm looking at the INDU chart and I'm thinking the same thing. Would I buy this at this price and the answer is no. I think it needs some correction and I think this is the point that it stalls out. In that process it should take the stocks that have been on top of the leader boards with it. How far down is another question but in my opinion at least 300 maybe 400 points would do the trick. It's a normal process before continuing up. Are the markets in that good of a shape and are earnings that strong that we are at these levels? I'm not sure about that.

[Tatnic]

I always ask myself this question when I'm looking a chart when trying to determine whether or not to make a play and then the betting instincts come into play an I always ask myself after looking at the chart or the prices or odds, "would anyone buy or bet this game at these prices". I'm looking at the INDU chart and I'm thinking the same thing. Would I buy this at this price and the answer is no. I think it needs some correction and I think this is the point that it stalls out. In that process it should take the stocks that have been on top of the leader boards with it. How far down is another question but in my opinion at least 300 maybe 400 points would do the trick. It's a normal process before continuing up. Are the markets in that good of a shape and are earnings that strong that we are at these levels? I'm not sure about that.

My hunch going forward is that we'll have the exact opposite of last year. Last November was a bear breaker, I think this November will be a ball breaker for the bulls. Its sounding more and more like the election will be a shocker and the republicans will take a huge beating...this will rile the markets is my guess. I also expect next week to be weak since it usually is after a decent options exp. week. But and its a big but, the bullish % numbers are still not bearish.

[Runner]

One thing is for sure the bull has been alive. For now the trend is still in tact and looking good. I personally believe the risk outweighs the reward at these current levels. This is why I’m getting interested in commodity related stocks. I also think if one goes in long here it might be wise to use fewer shares. This way if you’re wrong it won’t sting as much. I can’t predict what will happen in the future and I have not a clue where we go from here. We have all herd how overbought and oversold can become even more overbought and or oversold.

Many big dogs who have not impressed their clients have been trying to look good and show people how much of a hero they are. Shorts have been getting spanked and slapped in the face big time. Many have herd about the bull on every nightly news channel. This is a sign of caution in my eyes. Just like when everyone was saying oil is going higher. Well what happened when they talked about that? Price crashes and gas here is now 2.04. This is why I think oil might be going higher.

[skiracer]

This weeks watchlist and open positions:

[skiracer]

One thing is for sure the bull has been alive. For now the trend is still in tact and looking good. I personally believe the risk outweighs the reward at these current levels. This is why I’m getting interested in commodity related stocks. I also think if one goes in long here it might be wise to use fewer shares. This way if you’re wrong it won’t sting as much. I can’t predict what will happen in the future and I have not a clue where we go from here. We have all herd how overbought and oversold can become even more overbought and or oversold.

Many big dogs who have not impressed their clients have been trying to look good and show people how much of a hero they are. Shorts have been getting spanked and slapped in the face big time. Many have herd about the bull on every nightly news channel. This is a sign of caution in my eyes. Just like when everyone was saying oil is going higher. Well what happened when they talked about that? Price crashes and gas here is now 2.04. This is why I think oil might be going higher.

I see no reason for it to go higher. If earnings were coming in consistently way above consensus I could see some reasoning for it to continue to go up. But that hasn't been the case. I just don't see any reason for it to go higher without some strong basis for it to do so. It needs to correct and I think it stalls right here. It should take a number of the leaders down with it.

[Tatnic]

FOMC Meeting this week

..its expected that they won't raise rates, but there is some talk about a more hawkish stance by the FED in the face of inflation threats.

[Gwhiz]

skiracer, in at 11.02 in ERS this morning im long

[billyjoe]

Ski,
Bought AES @21.73. Thanks

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

[skiracer]

Geez, could I have been farther off. Still like it to go down but just alittle early to the party.

Covered the short position in FMD at 68.35 this morning. It hasn't shown me that it has the strength to hold it's highs of the day today and I still like it to fall from here so I would re-enter on a better show of weakness later today or tomorrow if it goes that way. Right now taking a 1.65 from the play.

[Tatnic]

Geez, could I have been farther off. Still like it to go down but just alittle early to the party.

Covered the short position in FMD at 68.35 this morning. It hasn't shown me that it has the strength to hold it's highs of the day today and I still like it to fall from here so I would re-enter on a better show of weakness later today or tomorrow if it goes that way. Right now taking a 1.65 from the play.

FMD's large inside ownership and large short % make for a very small float (and more pressure to the upside). I think you "done good" to get as much out of it as you did.