Posts by PHXPEH

• Q: Dan: Any thouhgts on use of stops in an IRA?
• Asked by PHXPEH - 1 months ago - 1 answers - 206 views
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• A: Always. I'd treat it the same as any account -- make more by losing less. more
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• Q: Dan: On $SPX, is 50ema support (800), or more like 781?
• Asked by PHXPEH - 1 months ago - 2 answers - 211 views
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• A: Thx Dan, useful analysis. more
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• Q: Dan: Thoughts on why some of the semis are not participating in this little tech
  lift? (PMCS, WFR, BRCM)
• Asked by PHXPEH - 1 months ago - 1 answers - 768 views
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• A: Not really. I think they're fine. BRCM and PMCS are above their 200-day moving averages.
  They have been strong for a while. Nothing goes straight up, and this leading group is
  due for a rest. more
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• Q: Fitz: CME, sell the pop or hold into tomorrow?
  WFR...laging the semis and NDX, thoughts? MRVL is getting it done though.
• Asked by PHXPEH - 1 months ago - 1 answers - 224 views
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• A: I would look to sell CME tomorrow...just to take some profits. But ultimately, i think it
  moves higher. MRVL is good. WFR...will ultimately get it done. Just still squeezing
  right now.
  
  Hope you made some dough-nuts on CME and MRVL. Those were two of the ones we've been
  trading on Stock Market MEntor. more
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• Q: Dan: Great webinar last night, well worth the measly dinero. No questions, we
  are on a roll with your stockmarketmentor methods drilled into me 'ead every
  night. Got my trading checklist/rules I've derived in front of me. Just like the
  pilot taking off,check it EVERY trade, what a great metaphor.
  
  Happy St. Paddy's Day...try Harp side by side wit yer Pacifico. You are so
  money, thank God for Danny boy.
  
  Patrick
• Asked by PHXPEH - 1 months ago - 3 answers - 206 views
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• A: Hey Patrick. Thanks for the nice note. Yeah, that was fun last night. A bit of a rocky
  start...but that can be cured by my just getting used to the platform. I now have my page
  on that platform, so I can get better at it for the next time.
  
  Looking forward to building on what we went over last night. Also looking forward to
  doing a free Q&A each month for members of Stock Market Mentor. This little project of
  mine is finally starting to look like my vision...and I'm glad it's helping you, buddy!
  That has always been the goal! more
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• Q: Fitz: What do you think about chart of TC? Molybdenum miner...steel and infra
  play, up 20% today (to $3.50+)...down from 25. uadruple volume today.
  Stalking...stalking....noticed you liked my CAF, thx. Sold my PFF and UYG, but
  keeping on radar.
  
  Btw, yes, since joined SMM, I am in black and feeding family...I don't lose my
  dough.
• Asked by PHXPEH - 1 months ago - 3 answers - 234 views
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• A: My problem with TC other than this tradeable rally is they are unable to make hedges on
  their production implying there is more risk and I think they are now fairly close to
  their cash costs. If you are going to choose a miner that produces a metal that cannot be
  hedged I would opt for one that produces ferrochrome. The margins on that metal still are
  attractive for the best producers. more
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• Q: Fitz: Placed 50% of cash in market on trades in last 4 days (was 95% cash a week
  ago). Stops on all, moving stops up today. I'm considering adding to winners on
  premise this rally may go to that 800 SPX. For example, bought UYG, already out
  on profit exit (bought on FASB 157 rumor). Worth the risk to add here? Use tight
  stops and find a midday dip? Any trading insights appreciated.
• Asked by PHXPEH - 1 months ago - 2 answers - 138 views
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• A: not an, just sold my fas, im on vatation so dont have much time to watch, good call on
  your trades, u should have a show! more
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• Q: Fitz: Rally attributed to M2M FASB 157 Hearing on 3/12, despite SEC press
  release they won't change and depsite Fat Barney Rubble Frank pronouncment. Dumb
  trader reading controlling this rally? Got legs into tomorrow?? Yes, taking
  profits on disipline, but its against my gut. Thx, as always, your opinion=$$.
• Asked by PHXPEH - 1 months ago - 1 answers - 363 views
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• A: PHXPEH: Here is my usual tactless and unedited opinion. Barney Frank is the most
  self-absorbed and self-confident man I've ever seen. And the fact that he's from Boston
  would make me embarrassed if I was from Boston. But he is corrupt. He also believes
  (rightly) that most voters are pure and unadulterated morons. We are. We (not me) vote
  for the same crooks time and time again. I'll just end there before I really start being
  honest.
  
  But the market is certainly looking for a change in FASB 157. However, I continue to
  believe that this is like arguing what color of lipstick goes on the dirty, crap laden
  pig. Change the accounting rules around and what do you get? Ha! You get some shifting
  of the same liabilities and worthless assets...only you get to depreciate them over time.
  
  Big whoop! It doesn't change a thing.
  
  I'd expect the market will react positively...until someone goes on CNBC (not me) and
  says, "Excuse me, but the Emperor has no clothes." more
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• Q: Fitz: You are so money. When the President of the United States says its a good
  time to buy stocks and the SPX slides lower...that is the truth...the market
  does not lie. Fitz=$$.
• Asked by PHXPEH - 1 months ago - 1 answers - 138 views
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• A: Well, you are too kind PHXPEH. I think this is important. I am wrong a lot. Everyone
  who opens his mouth is wrong a lot -- it's a function of "volume of
  transactions". But I'm always honest, even at the expense of ultimately being proven
  to be wrong.
  
  My biggest fear is that our new leaders are doing a steady stream of audibles while trying
  to sell a game plan that most folks who really understand the state of the economy know
  does not exist.
  
  Think about it: We've got massive deleveraging, tax increases that supposedly only impact
  5% of the public (which is a lie, of course, because corporations just pass on their tax
  burden to consumers, so everyone ultimately pays for it). But let's say that this is
  actually true.
  
  Well who the hell are those 5%?? Much of that 5% consists of the people who actually
  generate employment. The folks who are HIRING people. And when their tax burden rises,
  they'll scale back.
  
  So logic, common sense and irrefutable facts support the contention that an already weak
  economy is being damaged by a socialist agenda that puts "progress" above
  "prosperity"...prosperity for EVERYONE. Because when the job producers produce
  more jobs...then "job consumers" will gain employment and be better able to plan
  their future.
  
  Since this is the inconvenient reality of the situation, the market continues to factor
  shrinking growth into the equation. And that means lower multiples...which result in
  lower stock prices. more
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• Q: Fitz: One comentator a few moments ago: "Finally, the oscillator that Helene
  Meisler follows is so off the charts that I am loath to go against it. That kind
  of extreme is too great to ignore, especially when the red-hot Doug Kass is
  saying we are at a fulcrum week and the bottom for the year might be in.
  
  At a modicum, I would cover shorts. I would go long if we look like we are up at
  3:30, because I believe people will be emboldened overseas, and the virtuous
  cycle will let us go higher for a few days to work off the oversold condition. "
  I don't see the mojo, reticent to leave longs on overnight. What ye thinks?
• Asked by PHXPEH - 1 months ago - 7 answers - 261 views
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• A: i think the system finanaly broke down ,and all those indicators r useless now....just
  answer me this way can't the market continue too sell off ,who realy wants to go long here
  beside daytraders that will sell any small pop in the market.condidence is dead and too
  much money has been lost ...i hope too god i am wrong more
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