Posts by PATRICK1

• Q: this is by far one of the oddest and most difficult markets to trade through
  that i have seen. we had this slow motion sell off for 2 and a half weeks
  followed by a one day 1.6% pop in the s&p on monday with no follow through just
  a flat market .most rallys r sold off and most big dips come right back.we have
  seen huge intraday spikes that take place in less than 2 min off no news
  .volumes are very lite,support levels have offered no support and resistence
  levels have offered no resistence.with all this horrible news going on if this
  were any other time we would have seen a small crash by now.it seems to me that
  we have a massive fed put on this market that won't let anything go down to
  much.if things continue to get worse its strongly beleived that the fed will
  come in and bail the stock market out for the 4th or 5th time now. im in heavey
  cash here finding it hard to trade this market .somthing just doesent feel right
  about the over all market here...it really seems like at any day we could wake
  up to a mini crash off europe garbage. the fed will bail us out again but it
  will be slow to the rescue.
• Asked by patrick1 - 2 days ago - 2 answers - 63 views
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• A: what i see is profit taking at an extreme slow rate...depending on your xmas list...some
  of these plays are still higher than they were in january. more
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• Q: have not been following it latly but whats been going on with pcx patriot coal
  ..down 47% today plus its 52 week high was 25 now its trading at 1.78. talk
  about an extreme hair cut . r they filing bankruptcy or was there so kind of
  financial investagation going o there. either way thats been one hell of a good
  short i missed.
• Asked by patrick1 - 4 days ago - 1 answers - 128 views
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• A: 6 returned dry bulk ships (loaded with COAL) were returned to USA.... because the receiver
  could not pay for them and did not need them more
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• Q: FB at 33.4 anyone??? i remember watching a video on cnbc about this rich guy who
  was trying to trade in his house for facebook shares.dont know if he did but im
  sure he would have buyers remorse now. people would have done anything to get fb
  ahead of the ipo and now you can get it much lower than the ipo.talk about an
  mass over hype.well im glad people r looking at its valuation and business model
  and not just pumping it to a
  100 on a crazy hope and dream of mass growth.still down here looks interesting
  for a trade at least
• Asked by patrick1 - 5 days ago - 4 answers - 222 views
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• A: What is FB ?
  =========
  fa·ce·tious   [fuh-see-shuhs] Show IPA
  adjective
  1. not meant to be taken seriously or literally: a facetious remark.
  
  2.amusing; humorous......lol
  
  3.lacking serious intent; concerned with something nonessential, amusing, or frivolous: a
  facetious person. more
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• Q: so do ww buy FB now that its only up 5%..i think this was a huge curve ball.
  almost everyone including me was thinking it was going to pop 50% +. dont know
  how to trade this now.the biggest ipo ever ,the largest demand ever,the most
  hype ever...all for a 5% pop??!!going to stay wawy from this one good luck to
  anyone tradeing it.
• Asked by patrick1 - 8 days ago - 6 answers - 197 views
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• A: note:
  Fidelity continues to deal with the aftermath of Friday's market issues in delayed
  processing of orders for Facebook (FB) stock. As they did then, Fidelity's systems
  continue to operate normally. Although some executions were reported back from market
  makers over the weekend, we are still waiting for final responses on other orders. This is
  an industry-wide issue and we are working aggressively to address it. We appreciate your
  continued patience. more
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• Q: i will never understand how these vix etf's work?? they r all up right now yet
  the vix is down 4% and every single vix funtures contract on the cboe from june
  to jan 2013 is down as well. so what contrats do these etfs own??
• Asked by patrick1 - 8 days ago - 3 answers - 168 views
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• A: Think of these ETFS as a black pot filled to the brim with a Witch's brew of unknown
  substances sprinkled with pixie dust.With 4 Hedge Fund guys stirring the mixture adding
  their own ingredients when no one is looking....KJP712 more
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• Q: Warren Buffett's Berkshire Buys 10 Million GM Shares".....its time for buffet to
  hang it up already and retire .buying garbage like gm is a sure way to stay on
  track to continue under preforming the s&p 500 for years to come.buffet says
  sell gold, and buy gm instead .ill take the complete other side of that trade.i
  just cant wait for the day to come to see gm go under again to zero.yet we will
  just bail them out again for the 3rd time around
• Asked by patrick1 - 10 days ago - 10 answers - 299 views
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• A: the only thing i think i can say is....if he buys it totally...like his other fund
  holdings...he will make it into a profitable company. more
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• Q: New Question: worst case i can see is gold goes to 1200 .with all the problems
  out there only going to get worse and worse as time goes on gold still remains
  the safest trade. 1200 still means the miners r makeing good money .this has
  been one beaten down busted up sector now and im going to start going long by
  shorting the 3x etf dust ,,,talk about parabolic move.it may take a few months
  before gold bottoms but the gold moners have already priced in gold at 1200
  -1000 .
• Asked by patrick1 - 10 days ago - 0 answers - 69 views
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• Q: everybody yesterday was so bearish and was saying how the s & p was going to
  open up around 1340.jpm was suspost to destroy the market ,we were suspost to
  see a big drop .this market has everybody running around little a chicken with
  its head chopped off.instead we surge higher off horrible news and add to the
  rally off the most useless garbage data there is (CONSUMER SEMTIMENT).you simply
  have to be long this market right now,give all the bad news thats already out
  with a euro garbage ,china slow down ,bad and weak us data ,and now jpm's
  financial issues.and yet the market still refuses to go down and instead surges
  higher.you can not ignore that at all. add to that we were not even that over
  sold by much at all.glad to be in cash here .this market is truly one of the
  hardest markets i have ever seen to trade in. to me this mass refusal to go
  lower by the market is due to the fed put in the market.any bad news is being
  off set by the beleife that the fed will bail out and prop up the stock market
  againg foe the 10th time now.
• Asked by patrick1 - 15 days ago - 1 answers - 71 views
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• A: we also hit the 100 day moving ave this moring that added to support . more
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• Q: New Question: its funny how 2 months ago europe didn't even exist and there were
  no problems at all.every one was so bullish and giveing 17000 dow predictions
  and how much growth we have and how europe is coming back the worst is over.
  now its in bold on every headline europe is crashing and burning,and why.because
  of do nothing elections. we were just way way to positive and extremly over
  bought and now r going to get way to negitive and really over sold. its been the
  trend for a few years now.its time to get short here for the near term but as we
  pull back im scaling in on the long side going against the extreme veiws
• Asked by patrick1 - 17 days ago - 0 answers - 52 views
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• Q: gold miners down again steve. they r just killing this index .at some point the
  gdx is going to have a huge short covering rally.im thinking about picking at a
  little here if we see 1340 in the s and p .market just looks sick here, every
  single day the furtures sell off horribly by 12 am and we open up down big im
  short the uvxy but holding mostly cash here for that big break down
• Asked by patrick1 - 17 days ago - 1 answers - 112 views
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• A: I am in pain....but did more buying into it. This is ow it is done. You buy things
  LOW....not high. And you take the pain. It is very very rare you ever enter a trade at the
  perfect time. That is precisely why you scale in and scale out of them = dont ever buy all
  at once and it is very rare I sell all at once. more
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