Firebones - Latest Comments in StockTwits for Idiot Retail Investors: Week #1

Re: StockTwits for Idiot Retail Investors: Week #1

firebones — Mon, 12 Jan 2009 20:47:07 -0000

I suspect that when history looks back on this, it will be one for the textbooks: when health privacy meets SEC disclosure regulations, which one wins? I'm not saying that there isn't a hormone imbalance, or that said hormone imbalance isn't the full picture; I'm just saying that short of a transition or succession plan being announced, there's going to be uncertainty that caps the price. Once the news is out, the buying opportunity begins after the resulting price drop.

Re: StockTwits for Idiot Retail Investors: Week #1

firebones — Mon, 12 Jan 2009 20:43:15 -0000

And thanks to @StockTwits for the RT and mention.

Agree on it being inning 1 for @mandelbrot. The one this morning regarding interest rates was probably the most interesting one I've seen so far.

Re: StockTwits for Idiot Retail Investors: Week #1

firebones — Mon, 12 Jan 2009 20:41:05 -0000

Absolutely. Once again, why @fortune8 is on my shortlist.

3x leveraged ETFs are more like Atomic Buffalo Turds--good for an appetizer (day trade), but don't expect to make a meal of them or use them as part of any long-term coherent strategy.

Re: StockTwits for Idiot Retail Investors: Week #1

firebones — Mon, 12 Jan 2009 20:38:58 -0000

Unfortunately, daytrading is out, which is killing me on days like today when I couldn't cash in on your $FAZ suggestion. But I'll keep reading/learning.

Re: StockTwits for Idiot Retail Investors: Week #1

fortune8 — Mon, 12 Jan 2009 12:09:14 -0000

True!

I blogged about it here http://fade-me.blogspot.com/20...

and here http://fade-me.blogspot.com/20...

Re: StockTwits for Idiot Retail Investors: Week #1

steveplace — Mon, 12 Jan 2009 11:35:13 -0000

Just remember the mathematical inefficiencies over the long term for the leveraged etf hand grenades.

Re: StockTwits for Idiot Retail Investors: Week #1

steveplace — Mon, 12 Jan 2009 11:34:36 -0000

I picked up some bearish MS call spreads on the open into resistance. Should be a good trade.

Re: StockTwits for Idiot Retail Investors: Week #1

Stuart Glendinning Hall — Mon, 12 Jan 2009 11:30:19 -0000

I've followed news of Steve Jobs health and share value here on the ICAEW's IT Counts site: http://www.ion.icaew.com/itcou... but in essence it says that Jobs does have a health issue, what he termed a “hormone imbalance” in an open letter to the Mac community last week, but he's basically fine.

Re: StockTwits for Idiot Retail Investors: Week #1

ppearlman — Mon, 12 Jan 2009 11:12:45 -0000

nice post fb. loving that u are jumping into your thought process related to market actions and not simply bullshitting plus some excellent ideas. wrt @mandelbrot, i see him as being only in the first inning and while he is on to something really cool, much work needs to be done to define and hone...

Re: StockTwits for Idiot Retail Investors: Week #1

fortune8 — Mon, 12 Jan 2009 01:39:05 -0000

If you day trade, then start with 2m, then 3m, then 5 min.

Read the posts on Charting 101.

Looking at more than 1 day give you a better perspective of possible double top or bottom.

http://fade-me.blogspot.com/20...

Re: StockTwits for Idiot Retail Investors: Week #1

firebones — Sun, 11 Jan 2009 23:54:05 -0000

A couple of late updates I forgot to mention (earlier trades and leftover positions from last year). I'm still long $DGP at 14.50, and letting that ride for a bit. I'm still slightly underwater on my $BBY short, and the puts are at about breakeven, but I think that one ultimately turns into a win based on how many people I've talked to who didn't do Black Friday and did 95% of their shopping on $AMZN. I will lighten up on the $SPY puts if there's continued weakness this week; looks like that one is going to come in with a loss, but not enough to offset my October killing in SPY June 77 puts.

Re: StockTwits for Idiot Retail Investors: Week #1

firebones — Sun, 11 Jan 2009 23:43:41 -0000

I spent a little time tonight trying to learn from your 4, 8, 21 post. Any good starting points to learn more? I'll tune into FAZ.

http://fade-me.blogspot.com/20...

Re: StockTwits for Idiot Retail Investors: Week #1

fortune8 — Sun, 11 Jan 2009 22:58:39 -0000

Thanks for the mentioned. Market might get a bounce, but there is not much risk in FAZ at this level.

http://stockcharts.com/h-sc/ui...