S&P 500: 1,340.35 Change: -0.84%

Read JoeJustJoe's blog in RSS

JoeJustJoe

P&P Score: 99.81 Points: 429.59 Accuracy: 63.02% Average Pick Score: -0.13 Annual Return: 0.04% (0.17% since 3/30/08)

JoeJustJoe's Blog : A dagger thru the heart for BAC? ...gulp! :o

Date

February 19, 2009

Comments

Comments (8) Rate this post

Rate this post

Recommend This Post (132) Abuse this post

Abuse this post

Report Abuse

I'm looking at the financials falling outta bed and in BAC in particular wherst I see the OBV up at +200 million on the 10 day chart and I'm saying to meself >>> "Either these fokes know sumphin I doesn't....or somebody is gonna get painfully eliminated on a mass exodus of sheeple who figgerd out too late that they was wrong" :-) Thaaas right, as long as BAC hangs in thur you "should be OK" ...gulp. I wouldn't venture to guess wherst price ends up "ifn" all of that positive OBV ends up unwinding to the neggy side tho...ooooh myyyyy. :-) Hang tuff longs...the Evil Empire of GS is still hangin tuff. GS can singlehandedly save the ENTIRE banking sector I'm wreckin....those guyz are GOOG! LOL For the wreckerd...I am still long FAZ as a "core" but I have opened a limit to buy a hedge with FAS at 4.70. *-) 3J

Sidenote: Oh yeah, look over yonder...the VIX is down even as the indicies are down. You won't see that too often so I figgerd I'd give you sheeple a chance to sssscheck it out! ....gulp! :-)

8 Comment(s):

Author

frankbean

Date

February 19, 2009 12:26 Abuse this post

Abuse this post

Report Abuse

I know someone who told me he bought C at $30, then when it went to $20 he said he is a long term investor.

As of two weeks ago he was still holding. I prefer the buy and fold method at times like these.

Maybe I should buy a put on GS, nice post 3J.

Author

JoeJustJoe Date

Date

February 19, 2009 12:41 Abuse this post

Abuse this post

Report Abuse

Funny you should mention GS. I am still holding March putskis and I made a trade last Fri that tripled my $$$ in the Feb 90 putskis. Now I am REALLY gettin stoopid and I bought 5 GS $85 Feb putskis just 10 mins ago as GS traded at 88.28...with 1 day left to cash in! :o Knowing that the Evil Empire MUST fail gives me confidunce I will be able to cash in today however....mommy! :o 3J

Author

frankbean

Date

February 19, 2009 13:59 Abuse this post

Abuse this post

Report Abuse

One day is a real gamble, but it looks to be a little high given the market and whats happened with BAC and C.

I like a short term option, but a day is quite cocky of you.

Right now, I am a deer in the headlights.

Author

JoeJustJoe Date

Date

February 19, 2009 14:14 Edited: February 19, 2009 by JoeJustJoe Abuse this post

Abuse this post

Report Abuse

Hey...it's easy to be bodacious whenst ya gots tig bitties >>> (o)(o) :o ...it's even easier to be boisterous whenst you are >>> "Back from the future" *-) I "hope" you will NEVER fergit what I just spewed at ya. :-) 3J

Author

JoeJustJoe Date

Date

February 19, 2009 15:21 Abuse this post

Abuse this post

Report Abuse

To close this out.... based on the closing prices fo FAS n FAZ I am going to lower my "initial" entry into FAS down by .10 centavos to $4 dallahs Anna sexy....down from $4.70.....just in case I am wrrron....wrrrooo...WRRRRR! Why do I even go near that word? :o In case I Miss Calculated how low FAS goes cuz just "maybe" I also Miss Gonkulated how high FAZ goes. I'm ssshittin here Anna ssstinkin it trades thru $71....and it done did that today.??? What if I am wrrrrroooooong about how high FAZ goes? :o "If" so!....and "If" is such a funny word >>> I'm sorry? :-) 3J

Author

Burtman

Date

February 19, 2009 15:42 Edited: February 19, 2009 by Burtman Abuse this post

Abuse this post

Report Abuse

SKF will take out the 200 high set 1/20. How high that means FAZ will go I'm not sure 88 seems too far away, it could happen though. I thought there was going to be a break in the FAZ trend yesterday due to that beep thingy that happened. But I guess that beep thingy was wrong. Probably because you got your FAZ on and ain't no way any superhero's gonna get it wrong with his FAZ on. There is still a might big gap to fill at 50. And you know how I love them gaps.
Burt

Author

frankbean

Date

February 19, 2009 19:45 Edited: February 19, 2009 by frankbean Abuse this post

Abuse this post

Report Abuse

Devry DV ... is lookin topped out. Educational stocks had a run, but its started to look like the run up is over, and the run down is setting in Your thoughts ?.

Oh, STRA as well.

Author

JoeJustJoe Date

Date

February 19, 2009 20:01 Abuse this post

Abuse this post

Report Abuse

Actuallu Burtski, yestermadaze beep n reaction on FAZ was a classic bullish scenario being that FAZ fizzled afta the beep. The Beep last Fri was a tad mo "questionable" as it "looked like" ole FAZoo wuz gonna rally....but it sold off instead....setting the stage for this week's moves. Here bees 2 thangs to keep in mind about the finanacials in genrul >>> 1) Only about 30-40 banks failed so fer as a result of their greed....tain't nearly enuff. We need to see at least 10 times this many banks fail *-) ....and 2) The market's upside will be "forever" trapped unless the Evil Empire of GS sees $40 dollars minimum. *-) Right cheeeeya right now GS still has a long way to fall. So yes....I wouldn't be sooprised to see FAZoo trading at $90. It would be estreeee nice ifn FAS just dumped outta bed tomorrow on the open to say 4.50. That would make it eeeeasy to make a decision to close out my limit buy. Any dumpola move in FAS or URE or UYG in here and I dare ya to try and pick the bottom....>>> Gulp! :o 3J

Want to comment on this post? Sign up now. It's FREE!
Already registered? Log In.

Sponsored Links

Zacks Top Ten Stocks for 2011 are now available! This 10-stock portfolio is a well-balanced mix of aggressive and conservative, large and small cap, growth and value. Buy them. Hold them. Watch your gains add up

Take advantage of quick short-term moves, and profit from price moves in any direction. Trade options under the direction of an expert guide. Try it now and get a 90-day unconditional money-back guarantee. 50% OFF for a limited time! Zacks Options Trader >>

Stock screening and chart patterns expert, Kevin Matras, combs through the best Zacks stock-picking strategies averaging +60% yearly gains to find stocks with charts showing they are ready to skyrocket. Chart Patterns Trader >>

Ride Momentum Stocks to Quick Gains!
The market is finally breaking out, creating the perfectd wave for investing in momentum stocks. Zacks is the king of fundamental analysis, but this service also uses technical indicators for the best possible timing. Click here to learn more >>.