It Is Great To See Some Positive Price Action; Where Was The Volume?
October 30, 2008 | Comments Off
I think it best to keep this simple because a low volume rally is not a rally that should have anyone excited. No, instead we should start to pray for volume or else our new long that was up over 10% today will not be going up much more. I am having a severe MS flare-up and since there were no new positions I think I will keep this short and sweet. YOU ALREADY KNOW WHAT IS THE RIGHT MOVE RIGHT NOW! Don’t act like being long is all of a sudden right when it was very wrong for the past twelve months. It is going to take more than a week to fix the wreck that we have been handed. Let’s hope for a lower volume pullback followed by higher volume rallies or else we will just have to continue to fight on the short side. The good news is we have longs that are working and we have shorts that have worked and a TON are still well below their key moving averages that support healthy uptrends.
A Very Volatile Session Ends With Insanity And Confusion Winning Over Calm And Reason
October 30, 2008 | Comments Off
There will be no video as my associate is not available. However, if you are a Gold or Platinum subscriber I will make a very long video for you to watch in the AM. So chances are high that there will not be a free YouTube video for Silver and Free members. Gold and Platinum you will get a long video to enjoy in the AM. Days like today are the reason I don’t GAMBLE my money in the market intraday. I don’t know what it is but since decimalization and the loss of the uptick rule the market sure does get nuts sometimes. I also wonder if no more curbs are causing problems. I just don’t know but I don’t have to know. I just need my charts to setup and work. When they don’t set up, they don’t work and my cash stays idle. Those that think you need to trade at full margin 100% of the time have probably paid the price and then some this year. And if not this year, I am sure very few of you maneuvered today’s market session correctly. I would love to have seen the old daytraders that I worked with in 98-00 handle a market that moves like this one. I am sure they wouldn’t be doing very well. Seriously folks, CASH IS KING!!!! If you didn’t think that was the right move before today, you should now!
A Very Nice Oversold Bounce Has Bottom Callers Screaming “It’s Here” Again As IBD Calls The Market Now In A Confirmed Rally; How Nice Can A Rally Be With ZERO New 52-Week Highs On The Nasdaq And NYSE
October 28, 2008 | Comments Off
I know most of you that are clueless to what I am short and long have no clue how well I did today but I went long a stock a few days ago…it was up 14% today. How did the crap you bottom-fishers caught do? Probably not as well. I am 95% cash, 2% short, and 3% long with 2% in the one stock up 14%. So before you go nuts and think that I lost money today, get your facts straight.
I’ll try to remind everyone that has believed in every other bottom THAT HAS FAILED that the biggest UP days come in BEAR MARKETS. Let’s see how many of you can remember this for more than 1 hour. LOL.
Obviously, I am not talking to my subscribers. All of you are very smart, you know what I am long, you know I have taken most of my shorts off for BIG profits, and you know that I have been preaching CASH IS KING for a week now as the market has gotten very volatile. Those of you not subscribers, I fear for your accounts in this market. Great luck!!
There is one major point that I will go into with my subscribers that I did not realize until JUST NOW. The DJIA and SP 500, ON AN INTRADAY BASIS, did not make new lows and thus “technically” re-followed-through on the indexes. This is why IBD calls it a a follow-through day. I still see a very weak market underneath with no 52-week highs but my biggest long (that some idiot said wasn’t a good long–boy you sure were wrong like EVERYBODY else that seems to challenge me) was up 14% and that combined with a high volume strong move in the IBD 100 does indicate this rally has a chance of helping set the stage up for a better rally int he future. For right now I still see UGLY stocks everywhere and have a tough time calling this a bullish market. It is a fact that the biggest most volatile up days occur in bear markets. So this huge up day has all the hints of being a bear market rally.
Is This What Bottom Callers Think A Bottom Looks Like? Fools Never Give Up, No Matter How Many Times They Get It Wrong
October 27, 2008 | Comments Off
I don’t feel like writing any commentary tonight as I have done so much work on the Gold, Platinum, and even the Silver areas today that I just will point everyone into the direction of some recent videos that I have made. Anyways, it gets old saying “I told you so” over-and-over-and-over. You keep calling bottoms and I will keep making you look foolish. Learn to move with the trend or please take the time to freaking learn the CANSLIM system. How much proof do you need from this system to get on with it. Don’t be lazy. Take control of your financial future. Stop calling bottoms and start calling IBD and get a subscription to the ONLY newspaper that will change your life.
Full size version of the Daily Stock Market Wrap Up video is available on the Forums. Gold and Platinum members if you have not been in the rooms for the past few days you should know there are two new 20 minute videos that are up on the forums that go over new beautiful charts in a new bull market, what many charts will look like at the bottom, what they will look like before the bottom, what the volume looks like on the indexes, and how constant BEAUTIFUL max green BOP filled charts constantly replace one after another after one has gone on to make big gains.
A Special Note To All The Jerks Trying To Start Crap With Me
October 25, 2008 | 1 Comment
The earliest short in this list was entered on 6/17/08 everything else comes after. After this I will list my current longs:
RGLD 15%, CPRT 7%, RDK 10%, CEO 50%, ATHR 36%, POT 57%, CAJ 38%, GGB 69%, CETV 74%, ARB 38%, OKE 37%, MOS 67%, SPW 61%, TITN 54%, SBAC 51%, CEDC 65%, AMX 55%, RIMM 54%, ENB 15%, APD 45%, SPG 35%, CYT 56%, SDA 69%, HXM 64%
So all of these gains you see came in UNDER four months!!!!!!!! And just how is this bad for investors?? It isn’t. It is only bad for people that do not understand how to make money when the stock market is falling. Haven’t you fine folks heard of shorting? Is this concept too hard to grasp or will your lackluster returns always cause you to be jealous of me and my big returns. Maui No Ka Oi. My life is seriously the best life in the world. I am making a ton of money just sitting on my ass while you all get angry and bitter towards me. Life is great!! Keep the hate comments coming, they only make me happier.
Or how about going long a few winning stocks like ANCI up 60% or QCOR up 15%.
Bottom Callers Are Wrong AGAIN And Once Again I Am Right; It Never Gets Old Being RIght! The Trend Will ALWAYS Be Your Friend. Never Fight It
October 24, 2008 | Comments Off
Joey, Frank, Sandy, Josh and the other A-holes that attacked me have been proven wrong AGAIN!!
I will be back later on to go into full detail why this market is just getting started on another leg down. Trapped longs are about to get hit hard. Full analysis available before 6am Sunday EST…Like Always.
God it feels good to be right and with the trend. When will the fools and shit-for-brains ever stop attacking me? ROFLMFAO! It is time to give up and just admit I am 10000 times better at investing in stocks than you. 
If you want to get RICH to FILTHY RICH, you will start listening and stop trying to fill your ego with false lies.
Too the other 500 subscribers and 200 plus free readers, I want to say thank you for making this site such a successful site. I do not give you 700 credit enough, compared to the 4 jerkoffs that do nothing but cause trouble. So this is my thank you to the wonderful people like wutan, vivek, market, todd, tom, steve0, dana, chipdude, chap, brian, axman, author, and the other 500 plus wonderful subscribers. I am sorry you all have to hear me go off on the 4 DUMBASSES that are SO JEALOUS of me that their ego can not keep shut. Sandy is fascinated with me beyond belief (STOP READING ME!) and the other three are super jealous of my success. Instead of being jealous, you should try working harder and smarter and learn the CANSLIM methodology so that you too can become a better investor.
Cash is King and the Stock Market is Toxic
October 24, 2008 | Comments Off
For those who haven’t been paying attention to Big Wave Trading, we have been advocating anyone who is new to the market or anyone who hasn’t held onto a Monster Stock to be in 100% cash. Many, however, try to pick bottoms and continue to be wiped out. It is going to continue as many are not factoring in the global slowdown and what it’ll mean to overseas economies. Regardless, we have 1 chart when we should have MANY. This market is trash and will remain that way for awhile!
For the haters and the jealous, keep your trash out of here; especially Joey Fontone who told us we were idiots for being short and in cash. Joey said he was long the market, no Joey is swimming under water. Don’t be Joey.
MS
I Have Been Severly Sick The Past Two Days
October 24, 2008 | 2 Comments
But will resume posting regularly next this weekend. I apologize for the sickness. There is nothing I can do about it. THank you!
Indexes Hold Recent Lows As A Heavy Volume Mixed Session Leaves Stocks Range Bound
October 24, 2008 | Comments Off
I am beyond disgusted by the nasty comments I have received after being so right the entire downtrend procuding TONS of stocks that made 25% to 70% losses in short amount of times that have made shorts very wealthy. Along with that we have had one medical stock that has rissne 1000% and another new long that is setup to become a great possible winners.
Despite all of this money making ability I have ever so kindly released to nonsubscribers and to subscribers I have done nothing but take abuse from freeloaders who are FACTLES about my methodology. Thus it is starting to become somewhat depressing and I can not believe how well I have done at saving a lot of people from losing a lot of money.
Not to go along with preaching cash the entire year, I was still available to give longs on DGLY and PDO during the early rally from Arpli to June, and then was immediately ready to move back to a very bearish position and made a ton of money on RIMM AAPL POT and MOS. Now it appears another stock with a 123% ROE wants to move higher and if it does decide to move higher I will be the first one to jump on i can make a lot of money on this stock that will probably go much higher if the market decides to work off this oversold conditions.
I Most Sincerely Apology To Everyone
October 23, 2008 | Comments Off
I became VERY ill within no time at all and was in a TON of pain all day yesterday. That was why there was no market commentary. The best news is that there were no new shorts or longs that I had to take from my scans. So, therefore, I did not miss any important buys. I could have missed some sells but I will just get rid of them today, if that was the case. There was simply nothing I could do. I was EXTREMELY sick. But now I feel 100% and everything should be normal from here on out. Do not forget that I have a lot of different medical conditions and those can cause me to have days like yesterday.
I love all you who understand and for those bitter lost souls that were angry at me for not posting well I will make sure I say a long prayer for you tonight. Thank you for understanding. Commentary will be up by tomorrow’s opening bell.
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Recent Posts
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