Fed Announces Rates!! Massive market Surge!! I Am Right
- Thread starter stock_trad3r
- Start date
Four years--that's really nothing. Go back a few more years. Talk to the "traders" who bought JDSU, The Globe.com, Microstrategy and held, since "the market always comes back."
Of course stocks go up, and they go down. They are due for a nice bounce up. But anyone who has been around knows of many a stock that people kept "buying on the dips" all the way down.
In the end, they themselves became the dips.
Nasdaq jkeeps surgin today..could easily go up 2%
this is the end of the bear. Over. Done.
I may be wrong, when you consider hwo strongly the nas bounced off the lows this could really be the end of the correction.
Um...jdsu, the globe were crappy companies that lost money and had little value to investors. It was no surprise they tanked and never recovered. Other companies were vastly overpriced. The companies I selelcted (goog, hans, tie, chap, aapl) aren't overpriced.
4 years is a good time frame. The nasdaq has repeated this cycle of going up down +-300 points for the past 4 years and will continue for possibly 20 more years.
this is the end of the bear. Over. Done.
I may be wrong, when you consider hwo strongly the nas bounced off the lows this could really be the end of the correction.
Um...jdsu, the globe were crappy companies that lost money and had little value to investors. It was no surprise they tanked and never recovered. Other companies were vastly overpriced. The companies I selelcted (goog, hans, tie, chap, aapl) aren't overpriced.
4 years is a good time frame. The nasdaq has repeated this cycle of going up down +-300 points for the past 4 years and will continue for possibly 20 more years.
In all seriousness stocktrader, you have so much to learn about the ebbs and flows of the stockmarket that I find it amusing that you speak on the subject with so much authority. It's ok to be a cheerleader and say that we are now in a new raging bull market, but just because you wish it to be does not make it happen. We all want the market to go up, but unfortunately it just doesn't work that way.
I have never seen a person more in denial then yourself. Personally I think the market will move up from here but it will never see the highs of May 10th on this go around, and we will probably take out the June lows in all markets. I am trading based on that assumption. If I am wrong, it won't be the first or the last time, but I CERTAINLY WILL NOT SIT AND HOLD STOCKS THAT ARE DROPPING LIKE FLIES IN THE HOPE OF BEING RIGHT.
Being right is not as important as making money. You can make money being right only 30% of the time if you know how to manage your portfolio and get rid of your losers QUICKLY!!!. You have not learned that lesson yet. When you do you will become a better trader. You are much to emotional to be a successful trader.
I have never seen a person more in denial then yourself. Personally I think the market will move up from here but it will never see the highs of May 10th on this go around, and we will probably take out the June lows in all markets. I am trading based on that assumption. If I am wrong, it won't be the first or the last time, but I CERTAINLY WILL NOT SIT AND HOLD STOCKS THAT ARE DROPPING LIKE FLIES IN THE HOPE OF BEING RIGHT.
Being right is not as important as making money. You can make money being right only 30% of the time if you know how to manage your portfolio and get rid of your losers QUICKLY!!!. You have not learned that lesson yet. When you do you will become a better trader. You are much to emotional to be a successful trader.
Anyone who has been around in this game long enough is far too humble to talk like stocktrader.
Being right is clearly more important to him than making money. In the end, he will likely be unable to achieve either.
My short term targets are as follows
Dow 10973-11134
nasdaq 2101-2152
s&P 1252-1268
When I get a reversal candle inside of these target areas I will buy puts on all of these indexes. If the market closes above these areas after I own the puts I will consider it a bad trade and get the heck out. And of course that would mean I was wrong. Geez what a concept. Admitting you're wrong.
So there you have it stocktrader. The market tells you whether you are right or wrong. If you wait long enough I guess you can be right every time since the market has an upward bias, but alas you have opportunity costs. With you holding stocks like TIE that are not going anywhere you lose the ability to make money with other stocks hoping this stock will go back up. For what reason? So you can be right? I'm sorry, but you have already been proven wrong. You are now in charge of DEAD MONEY until you come to your senses.
The metals companies have had a great run, but they are not growth companies. Even at these prices TIE is selling for 28 times trailing earnings. Typically these companies sell at 4-5 times earnings. TIE was a momentum play because it had a small float. This stock will most likely never reach it's high again anytime in the next few years if EVER. The same is true with ERS and many others.
I remember CMGI in 2000 when it was close to 200 per share. What a great momentum stock on the way up. Just think, you can buy it now for 1.00. Jump on that sucker, it should be back to 200 by early next week.
Dow 10973-11134
nasdaq 2101-2152
s&P 1252-1268
When I get a reversal candle inside of these target areas I will buy puts on all of these indexes. If the market closes above these areas after I own the puts I will consider it a bad trade and get the heck out. And of course that would mean I was wrong. Geez what a concept. Admitting you're wrong.
So there you have it stocktrader. The market tells you whether you are right or wrong. If you wait long enough I guess you can be right every time since the market has an upward bias, but alas you have opportunity costs. With you holding stocks like TIE that are not going anywhere you lose the ability to make money with other stocks hoping this stock will go back up. For what reason? So you can be right? I'm sorry, but you have already been proven wrong. You are now in charge of DEAD MONEY until you come to your senses.
The metals companies have had a great run, but they are not growth companies. Even at these prices TIE is selling for 28 times trailing earnings. Typically these companies sell at 4-5 times earnings. TIE was a momentum play because it had a small float. This stock will most likely never reach it's high again anytime in the next few years if EVER. The same is true with ERS and many others.
I remember CMGI in 2000 when it was close to 200 per share. What a great momentum stock on the way up. Just think, you can buy it now for 1.00. Jump on that sucker, it should be back to 200 by early next week.
Before this thread my account was up 40% YTD. Now it is only up 32% or something. I have been trading for years and I know how markets work. I also know how stocks work.
My picks FOLLOW the nasdaq. Nasdaq went down 150pts after my picks. Now nasdaq hit a botom and is going to Rebound BIG. I redicted yesterday here there would be a BIG reboud off the Fed's comments. Guess what happens? All my shit rebound, too. TIE up 7% today. Chap up 6%. Hans up 2%. Goog down and AAPL flat. IM not selling jsut cause they have a few bad days.
Look at yahoo. That stock is a turd. I would never buy it.
I will make money off these picks. Even if TIE and AAPL fails to break even, CHAP, HANS, GOOG will easily cover it. There are 5 picks here, not one.
There are too may bears on this forum who may have got burned in 2000. Now they are all daytraders who trade for 1/9897 of a point or something like that.
My picks FOLLOW the nasdaq. Nasdaq went down 150pts after my picks. Now nasdaq hit a botom and is going to Rebound BIG. I redicted yesterday here there would be a BIG reboud off the Fed's comments. Guess what happens? All my shit rebound, too. TIE up 7% today. Chap up 6%. Hans up 2%. Goog down and AAPL flat. IM not selling jsut cause they have a few bad days.
Look at yahoo. That stock is a turd. I would never buy it.
I will make money off these picks. Even if TIE and AAPL fails to break even, CHAP, HANS, GOOG will easily cover it. There are 5 picks here, not one.
There are too may bears on this forum who may have got burned in 2000. Now they are all daytraders who trade for 1/9897 of a point or something like that.
This is HILARIOUS lol. Your short-term target for S&P is 1252 - 1268 which you posted today a little while ago when the S&P was already trading at 1257. Is short-term the next few minutes 
Ok here is my short-term target for the next 5 minutes:
S&P 1257.64
Ok here is my short-term target for the next 5 minutes:
S&P 1257.64
Trust me on one thing. There are many people on this board that have been trading for a long time. They know the difference between a psuedo trader like yourself and the real thing. Anyone with half a brain realizes you have no market saavy. The best thing you can do is learn from these people instead of trying to impress them, because believe me, with every post you leave no doubt about your market knowledge.
Quote from optioncoach:
This is HILARIOUS lol. Your short-term target for S&P is 1252 - 1268 which you posted today a little while ago when the S&P was already trading at 1257. Is short-term the next few minutes
Ok here is my short-term target for the next 5 minutes:
S&P 1257.64
I realize the s&p 500 hit my short term target. I didn't come up with these numbers today. I came up with these numbers on Monday. I just posted them today as I have not been a member of this board until yesterday.