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Cramer did not recommend US Steel. Well he did and he didn't. He specifically said it has gone up too much in the last few days to recommend it at this price, but it is a buy when it comes back down from this rally. The steel industry is MY industry. I've been in it for 33 years. Steel...

I normally never invest in an industry of which I am part. My company competes with RS (Reliance steel). Their product mix is similar to mine except theirs is on a much larger scale. My company's profit went down in the second quarter compared to the first quarter. If you look at a RS chart...

That is a great suggestion and it does work, but I would further suggest doing that exact same thing with market sectors first, and then find the stocks you wish to invest.

No problem. It really is amazing what can happen when you keep things simple.

I find all my stocks to buy or short with telechart 2007. I just take the russel 3000 and sort it by the slope of each stocks 50 day regression channel with a 2% standard of deviation. The program does this in about 20 seconds. With this method you can find stocks channeling, or getting...

No, I have telechart 2007. I've had it for about 10 years and I just can't seem to find a reason to get rid of it.

The sectors that have been beaten down the most over the last two months are energy and metals. Since May the worst have been Manufactured housing -33% Long distance carriers -29.82% building materials wholesale -26.78% oil and gas -25% aluminum -21.5% semi-conductors -21.32%

No wonder our schools are in such disarray. We continue to teach lowering your standards as a good thing. With that kind of thinking mediocrity will be a tough standard to reach.

I don't think anyone is saying don't trade without a stop. I think some of us are saying just don't let the market maker know what that stop is.

I'm sorry, but this is incorrect. STOPS ARE TAKEN OUT. It is not an accident. When a stock is about to change to an upward direction or vice versa a specialist may decide to take down the stock and buy it for himself along with some of the larger buyers. Placing hard stops makes this job...

Absolutely not true!!! Stops give the market-maker or specialist a target to take out. All great moves upward begin with the market-maker taking out the stops. Hard stops should only be used while on vacation or at times when you are not close to a computer. Edit: I am referring to...

The drop very well may happen but the s&p will probably make it to 1400-1425 before anything could possibly happen. Regardless I'm in excellent shape right now. All my positions with the exception of 1 stock are playing on the house's money right now.

I couldn't agree more. I've been a bear since April but in august I changed directions. I'm sure glad I did. $$$$$ is what it's all about.

All I can say is "think and grow rich" by Napolean Hill changed my life more than 30 years ago, and I owe any and all of my current success to it.

I like on the money but only when Dylan Ratigan is hosting. He is not afraid to ask tough questions. It seems like since he began hosting fast money he has had more substitute hosts on his other show. Fast money is a good show as well. They are the only two shows I watch about the market...

I think monday will start off down close to 100 points, and then rally for an ultimate gain. People are just plain scared of mondays in October.

I think the real issue is the stock should have never been shorted in the first place. This stock was, and is in a very strong uptrend.

It's trading at 96 now.

I agree. My rules for holding through earnings are as follows. If I am long: If the stock is at or near a 52 week high I sell before earnings. If the stock is nowhere near a 52 week high I hold. If I am short. If the stock is near a 52 week high I hold If the stock is nowhere near...

I would say if you have to ask someone whether rhat is a buy at 20.00 then it would be luck if you profited from it. There is nothing wrong with luck, but unfortunately, luck does run out at the most ill-opportune times. You have to give the stock some time to settledown after it gaps down...