Recent content by hazardfish

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    Trader P/L 2007

    Yeah that HAR halt was rediculous, just as longs started buying it back, they halt? Why they didn't halt 10 or 20 $ earlier who knows. Makes a guy wonder why we pay any SEC fees at all? Total bs.
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    Newbie looking for advice

    Right on the money! Best comment I have read on the subject in a long time!
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    how are prop traders seeing this market?

    No kidding, more of this kind of volatility would be great. So many stocks to jump on board it's unreal. The hard part is going back to slower days, and beig content with smaller gains. That is the hard part for me. Especially after such large gains day after day, then back to the grind. One...
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    how are prop traders seeing this market?

    "Why do traders like these choppy markets as opposed to a nice trending bull or bear market?...at least then it's easier to know what side to take." cm It's just a different kind of trade setup, and moves faster, so if you can trade a range, and still stay in the same direction...
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    how are prop traders seeing this market?

    I thought you would like that response Don!) I find for some reason some traders make money in this kind of market, and the ones that do, rake it in,and others either seem to struggle or lose. Trends reverse so quickly, one has to be quick to take gains/losses. This market is like one...
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    monster rally coming!!

    "With the fall of one leaf, fall is coming" japanese proverb.
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    dropping the bomb

    " Anything can Happen" Well kind of, but I like to place targets using r/s that are meaningful, within the context of the day, deep down day, after breaking supports, all new lows are possible, so way out of range targets are then possible. As an example. Friday, Rimm gaps down at the open...
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    monster rally coming!!

    Yeah I think that high wave candle at support on Q's could be misread! This so far has been a range bound market for 10 trading days so far, and only upon injecting 300 billion into the markets di the the market stabalize. Why they did this, they know anything with liquidity will be sold, and...
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    i guess LEND was a bad bet

    I don't know, impossible to say what Cramer's agenda on that one is. Personally any person holding any of these stocks long overnight deserves just that, a 50 % loss of absolute stupidity. Contrarians who think these stocks are deals, are just not paying attention to the bigger picture.
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    how are prop traders seeing this market?

    "....Straight directional opinions have cost a couple a bunch of money, " How can one lose a bunch of money directionally? Have they not heard of stops? Do you need someone to come in and show them how to trade this market? I would be glad to, making more money in the last two weeks than in...
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    Buy Countrywide CFC

    CFC-- 24.65 low print. Down 14% AH. That's exactly why one can't hold any financial related junk overnight these days. Hope knowone was burned. That could easily trap all the longs the last 4 days, All these stocks are probably going to continue to get slammed, liquidity in these stocks...
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    Toll Brothers Unprecedented Weakness & Unmitigated Disaster

    "What is unique in homebuilding versus other industries is that size doesn't protect you from going bankrupt. It can prolong it but in the end big builders can go under just like small builders. The reason is because there are no economies of scale in homebuilder that protect you when the...
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    Buy Countrywide CFC

    No floor will be but under home builders, only new shortable pops, that I will gladly sell into. A rate cut will demolish the dollar, and only provide enough liquidity for smart money to leave the table with some chips left. This last cycle was not demand driven, it was speculatively driven...
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    Buy Countrywide CFC

    Anybody trying to catch these stocks for bounces is nuts at this point. The ponzi scheme is over, and many are left with 10 times the bad debt they had at the beginning of the cycle. Yet in 00, these companies were in better shape than they are today from a risk standpoint. They fell victim to a...
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    Commissions! Commissions! Commissions!

    "actually back in 1993, i paid $150.00 per 1000 shares traded with olde discount brokerage, a different world than today, it was done with brokers back then, thats the old days & that was considered a good comm, if you traded with merrill , $ 300.00 plus . the rates these days are rock bottom...
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