Recent content by davidrousseau

I was out of work for a year and felt like I had to trade every day. Since I went back to work, I started looking at several stocks I am familiar with, and basically traded on what I felt were over-reactions to to a particular event. My strategy (simplified) was the lower a high quality...

People like me buy Apples products, and investors that focus on Steve's health miss much of the equation. The degree that he actually affects future sales is in dispute, and investors vote with their $$$. Steve is obviously in for rough times, and I wish him the best. I have health issues...

I think GE is a good stock to trade if you want to sleep at night, which I do. Look at how it performs on a down day. Seems like it's support is around 30 and change. I went long 2000 shares when support seemed to be around 32 and sold at 34 and change, and waited until it dipped below 31 to...

Yes he did... the new Treasure Secretary.... hmmmm. What did his experience (he was pulled in on the GW's shift) bring to this party ? Seems strange that so many financial (positive and negative) bubbles are occurring now. Oil up 30 pct, mortgage meltdown (coming to a head) credit card...

I missed the low by 20 cents..... of well. I'm looking for the mid 30s, but I'll probably sell half at 33.30. Maybe with the goof GE dividend, I should just be patient and hope for mid 30s. Large position in XOM also, and goof dividend... two of the largest companies in the US give or take a...

I'll probably dump the othe half if it trends too far below 33. Seems like it had good relative strength Friday. This dead money stll has the potential to reach the mid 30's

But I do agree... the $$$ is doomed... all h$ll is breaking loose. I'd like to see a bigger dip. That really big 40 dollar drop before the ralley. On 2nd thought... 87 for GLD is attractive. Buy on the rise ? How about the DBA commodity fund ?

No stock that trades between 32 and 37 is dead money. The market's amnesia is already starting. I like GE, CVX, AAPL. CVX a bit too high (up 2 bucks after hours), it's usually cheaper than XOM. AAPL is in the middle of it's range, and great, but risky. If Job's dies, AAPL crashes. If Immelt...

In this market (manic depressive with huge swings) it seems like a good short term play is to play the overreactions. Let's see... Bear Stearns was worth two bucks a share after a small Sunday announcement. Who would think it would be worth 10 bucks now ? A 500 percent gain ? Was that a...

Guess it depends what you call manipulation. Organized buying and selling ? Sure, how elso can you explain 100, 200, 300 point swings in an hours time. This is random ? It is normal at the moment. Not sure we are fully recessed, or about to be. To much new technology to improve...

I (gulp) work at a large Oil company that has a ton of cash to trade, and the two major trading desks are instant message users. The use it to communicate to other traders. The way I see it, there are technically based program buys and sells, that get tripped by human induced buying and...

This is the thinking that pervades the market... I think I heard they were cutting production, I think the iPhoone can't send pictures, etc. It's expensive, but so is plastic surgury, neither a necessity, neither going out of business. The iPhone is not their "core" business. Success has...

Gotta mix the good news with the bad... with no account size / max capital committed, and year to date performance, is the day record really relevant ? What's your percent gain for the year and we'll compare to the S&P ? Good day, but we need perspective. Ya got excellent, detailed stats...

Not much... shorted the Dow (DXD) at the open yesterday, let it stop out this AM with a .2 point trailing stop, then went long SPY and RIG this AM. I trade with alerts while I make money the hard way. Should have had larger positions so I only made a few hundred. I borrowed money from my...

Funny downgrade timing... perhaps someone wants shares of a good company at a discount. CVX has a LOT of oil in the Gulf. I sold at 83 but will buy again. I believe they downgraded Apple in the 80s or 90s or both.... look at it now. Time for another downgrade or mention of options scandle. I...