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As long as the market is in a downtrend shorting is the place to be. As I said before, 1 day does not a trend make. I am only short 4 stocks. Tie happens to be one of them. Todays market action does nothing to convince me any of my shorts have changed trend.

LMAO. I swear the market is in an obvious downtrend and people get all excited about a 1 day move up. So much emotion for no reason. Just remember it takes a long time for major institutions to get out of their stocks. They need suckers to keep thinking we are moving up. And just for...

Another prediction with no basis. Keep up the good work!!!

Hmmm, that sure looks like a prediction to me.

Bert there are many good posts in here but I will leave you with one thought that I am sure many with disagree with. the shorter your time horizon on stocks the less chance you have to make money consistently. The question really boils down to whether you want to make money, or whether...

I couldn't agree with this more. Cutting out the noise is extremely important success.

I'm not a day trader, but so far this year is shaping up very well. I've been short bsx,adct,and arg since the last week of April. Arg worries me a little since they report next week, but bsx and adct have been great. They didn't even go up on the 200pt up day this past week. I'm...

I also think we are going to get there, but I don't think we will get there next week. The most likely target on this go around is 1201-1206. Worst case scenario will be 1164-1170. If we drop to the lower number we will get another rally taking us close to 1200.

I agree, and it's really getting out of hand right now. What a sneaky way to pay people. As far as I'm concerned it's stealing from the company. (referring to backdating)

I'm not positive on this, but I think they do have to expense options now. I thought that is how these post-dated options got exposed. Anyone know for sure?

The difference between 2000 and today is there is no huge bubble. We have a small bubble today in commodities but commodities do not represent a significant part of the market. We had a bubble in 2000 in the entire nasdaq and we had dot com companies with no earnings worth more than most of...

Theoretically yes. It depends on how many shares are at the current ask. If someone is offering only 100 shares at the ask and you want to buy 500 shares then you have to hope someone else will sell some shares at the same price, whereas if you want to buy 100 and they want to sell 500 you...

If you want to buy the stock now you have to place a limit order at the current ask price.

Yes you are correct, BUT only when there is a market maker present and there are NO market makers after hours.

Cancel that order or you will get killed tomorrow morning.

No market orders are allowed because there is no market maker. You have to buy at the current ASK

I believe he was saying in a rather eloquent way that risk management is the most important part of trading. IMO, it is the holy grail of trading, and it took me 9 years to realize it.

You're right on the money. Since May 9th Healthcare plans up 12.27 percent Office Reits up 6.35 percent utilities up 5.54 percent Medical labs up 5.18 drug stores 5.15 tobacco 4.48 heading the bottom of the list building materials -30.86 semi-conductors -29.37 printed...

Yeah, I think even my left nostril had a reverse compounding effect which almost made me suffocate.

I'm turning my wife out regardless of future market conditions.:D