I got another " Pabst blue ribbon" trade, I will post it before the close of trading today.
Pabst's Blue Ribbon Trades
- Thread starter Pa(b)st Prime
- Start date
Hmmm....could it be a mega cap search engine/Orwellian global group think lib conduit?
To-morrow will be a mini-crash. Monday or Tuesday will be the real thing. Within 8 trading day's I expect to see a -1000pt day in the DIA.
To-morrow will be a mini-crash. Monday or Tuesday will be the real thing. Within 8 trading day's I expect to see a -1000pt day in the DIA.
Wow, that's bearish! Let's get the S&P under 1500 first, which I hope will happen in the next few days.
I'm not surprised that you reckon I might be after that particular mega cap. it's very tempting...but there are a few others to choose from.
Quote from dhpar:
everybody is scared, i.e. no crash is coming. i am off for holiday starting tomorrow so if i am wrong i will miss the embarrassment.
Generally I'd view such negative sentiment as extremely bullish.
Two points though. The ISE p/c ratio has been very high all month. (unlike traditional p/c measures the ISE indicator is actually calls vs. puts so a high reading means calls are being bought.) So apparently not everyone is bearish.
More important and Bob who's also a bettor will appreciate this. I use sentiment to bet NFL games. I spend literally several hours a weekend figuring out what are the worst bets. Naturally I try to bet teams that no one in their right mind would be on. It's a good system. Is it infallible? Not even close. For example: The New York Giants were a mere 3 1/2pt favorite against the hapless Atlanta Falcons on Monday night. I'm in a points against the spread pool that's domiciled on Yahoo. I use the sentiment from the pool as research for my bets. 83% of bettors in my pool (a sample of 200) were on the Giants. Of course I loaded up on Atlanta. The result? New York won by three touchdowns. Hence extreme sentiment isn't always a fade.
Interesting. i have a similar approach to betting sports. I warn, it is quite un-scientific. Take a look at the friday NY Post. Look at the 7 panelists and their picks. If for any single game, ALL of them pick the same team (using the spread), I bet on the other. This system works. Unfortunately, it is rare to find 7 guys all on the same side, so the opportunities are sparse. Furthermore, I really don't bet on sports like I used to.
I use those guy's in the NYP as part of my sentiment indicator. Now don't go fading Hondo.....
Here are 6 stocks:
GOOG
ISRG
SNDK
CAT
MMM
SLB
Does anyone want to attempt to give a one day profitable strategy for any or all of these stocks?
GOOG
ISRG
SNDK
CAT
MMM
SLB
Does anyone want to attempt to give a one day profitable strategy for any or all of these stocks?
I hope they all miss. Badly. Everything tells me though that NDX wants to make a new high. I presume the pop will come on the back of GOOG.
That's funny! All of 'em??
GOOG looks to me like it will trade lower after their report, but I will tell you it is not my "Pabst blue ribbon" special today.