The Surf Report

LongShot · Oct 14, 2003

Quote from marketsurfer:

hi,

i am stepping outside of the traditional channel system on this trade. here is exactly what we are going to do ( strategy). at 3:30 pm wednesday, i will begin to enter shorts in the DIA, SPY, YM, ES. we will be totally short by 3:40 up to the max risk levels. my market models have me convinced of an impending down wave, but as you know this trade is WAY outside of our normal system and parameters---- if you decide to follow along--- use RISK capital only.

best,

surfer

Gotta luv that surfer dude he's settin' on one BIG SET o' coyotes there!

marketsurfer · Oct 14, 2003

Quote from T-REX:

YOU ARE THE DAMN MAN!!!!!

we will see, rex, we will see.

marketsurfer · Oct 14, 2003

Quote from LongShot:

Gotta luv that surfer dude he's settin' on one BIG SET o' coyotes there!

thanks, shot. i think !

marketsurfer · Oct 14, 2003

Quote from BlueHorseshoe:

Surf-dude,

Took you up on Short BBI. Came to see Long NFLX is the prettier side of the same coin. Besides, always better to be long in a bull market, no? MSFT or one of the media conglomerates are bound to take NFLX over at some point, and besides, at only 44x ttm earnings it is at a discount to 121x for Ebay. Finally short interest in NFLX is just over the top - everyone will be covering once the Santa Claus effect comes to town.

Anyway, after looking at BBI I've made more w/ NFLX and I'll probably be holding through 4Q.

10/16 - are u tongue-in-cheek or is there method to the madness?

nice work, blue. i agree. no, i am VERY serious about 10.16.03.

best,

surfer

facultus · Oct 14, 2003

Surf, I dig your signature line. I've thought about that "thought" before but you nailed it in a few short words.

marketsurfer · Oct 14, 2003

Quote from facultus:

Surf, I dig your signature line. I've thought about that "thought" before but you nailed it in a few short words.

thanks !

best,

surfer

illiquid · Oct 14, 2003

A down wave in equities -- any forecast for precious metals or treasuries on this fateful day?

marketsurfer · Oct 14, 2003

Quote from illiquid:

A down wave in equities -- any forecast for precious metals or treasuries on this fateful day?

no, sorry.

BlueHorseshoe · Oct 14, 2003

Quote from marketsurfer:

hi,

we closed ALL the DJIA longs today, yes -- we were a bit early but captured an awesome profit on the upmove. this will be my last post untill 10.17.2003 on the surf report. i am expecting a down wave to begin very soon and our models are indicating to SHORT tomorrow--wednesday. i am stepping outside of the traditional channel system on this trade. here is exactly what we are going to do ( strategy). at 3:30 pm wednesday, i will begin to enter shorts in the DIA, SPY, YM, ES. we will be totally short by 3:40 up to the max risk levels. my market models have me convinced of an impending down wave, but as you know this trade is WAY outside of our normal system and parameters---- if you decide to follow along--- use RISK capital only.

best,

surfer

Well, given that the Cubbies may be going to the World Series, there definitely is something awry in the cosmos ... you may be on to something. Hmmm ... jobs, industrial production, CPI, inventories on Thursday, followed by expiration Friday. Let's just hope we get some volatility.

Where will your stops be, and will they be hard or discretionary? Let us know when you know.

uptik2000 · Oct 14, 2003

Go Surf!
You da man...my eyes are peeled and my finger is on the trigger.

I think tomorrow I will wear both my Marketsurfer.com tee and my "Inspired Speculation" hat for some added mojo.

"My mind is on my money and my money's on my mind."

uptik

GO YANKEES!