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with a stop just under 25.85. looking for CRM to hit the 27.45 area. IBM may give these software companies a bit of an INITIAL boost today. low risk set up with a very high return. at least from a day trading perspective.

IBM delivered A STELLAR REPORT IN THIS ENVIRONMEMT; IMPRESSIVE. IBM is know to deliver blowout numbers only to have a gap up faded. today could be different. why? perhaps every money manager on the street is looking to park money into a company with growing earning. will i play IBM? if it bases...

"The thing to remember here is not to question why a stock is performing as it is, but simply to go with it. Why wonder why BAC popped initially ." Erik, the above statement should be glued to every traders computer., daytraders tend to over analyze rather than just going with the flow...

if you look at my post i said lets see what it does at the open and see if it holds yesterdays low; IT DID NOT. we move on unscathed. thats the beauty of discipline. that said,it was a great short on the break of yesterdays low and i did NOT take advantage of that.

looking for GNK to go higher today ;to the 17.20 area. i like the reverse head and shoulder type pattern it is exhibiting. a close above 17.50 means a very good chance to 20 in short order.but we are concerned with daytrades so 17.20 looks like it could be in the cards based on the chart. we'll...

beautiful reverse head and shoulder pattern on GNK. would not want it to fall below 15. honestly,would not want it to fall below yesterdays low of 15.31. look for resistance at yeaterdays high but 17.20 to 17.50 seems likely. a close above 17.50 means its a very good long to 20.

looking to go long GNK to the 17.20 area. have to see what it starts doing near the open.

of course not. i sold at 24.70. in at 24.15 and sold when it hit 24.70. the chart screamed 24.90,thats why i said thats where it was going to go. also,i NEVER sell at round numbers.

notice it hit 36.83 and hit a wall. thats because of that 50 dma i talked about. this is not a perfect science so after it broke 36.80 we needed to watch it for a few;it just dropped as soon as it hit that area. it is still looking ok compared to the market which shows strength. however,my SQNM...

thanks...charts work.

thinking we hit 24.90..

i really like the volume yesterday. notice the 50dma stopped it dead in its tracks! a break above that 36.80 area could get this thing moving.

this DOES NOT MEAN it will happen but i think its likely if it starts to show some strength. i am looking to go long to and sell the 37.40 area.

i will be looking at NUVA today(long) to the 37.40 area.

citi is in dire straits.

i think the "tougher" bankruptcy laws forced consumers to pay off unsecured debt rather than walking away and being able to concentrate soley on their mortgage. perhaps a homeowner riddled with debt would always opt to pay the mortgage before a credit card compant;thats what kept their ability...

just goes to show that even when making a smart bet a fund could go under. thats great that they made that bet in 2007 but in the market,what matters is what you are doing today. Harbinger Capital imposes limits on withdrawals - FT FT reports Harbinger Capital, the activist US hedge...

Rodman & Renshaw notes Friday afternoon, in line with their expectations, Roche disclosed that it is preparing a new offer for Genentech expected to be at $95 per share for a total consideration of around $44 bln.

i don't know of a futures firm but i do know of a few equities(prop) trading firms that will split 50/50 or better with no deposit provided you can trade.

stoney, check out my PRE-MARKET post this morning. i practically outlined what BTU was going to do and where it was going to go. its in the stock forum.