rjm77me's Blog : Ameritrade

This trade here is not a bad "trade" but I certainly "hope" you unnerstand the diffrence betwixt a trade and a hold. First of all...AMTD should not be bot until todaze 18.39 low goes bye bye but it does have a date with taking out 20.05. Soooo, ifn yer Tai-ming is right it'll make $$$...on a trade basis. Butt! ...longer term AMTD will trade belowst $5 dolahs....so ifn I had a choice I would prefer to wait for 20.05 to be breached and then trade it down to $5 dollah 20 times ifn ya'd like...insted of once and struggle witit. Once 18.39 goes bye bye then a new lower low migh come in that needs to go bye bye. Thur is no gar-own-tee that the trading desk at GS will go ahead and confirm the 20.05 high before they decide to take it down. OR, they could just as easily take it up without taking out the 18.39 low foist...then you are chasing. I prefer to just wait...let the "proper" setup appear....and then step up so I kin relax. Just my opinion of course. Thanks for lissnin without gettin beitchy. :-) 3J

3J - Please explain your price target of $5 - do you expect another sunami and folks stop trading or you know some thing which wall street does not know. Love to know before folks spend their hard earned money buying stock

Well, we can spek about AMTD from a funnymental basis ...or from a technical basis. Let's start with a funnymental discussion first using this site as an example. Zaxby's is a "service provider" and contrary to what the govmint...I mean, Wall St wants you to believe...fokes are actually cutting back on what they are spending for services....which is "obviously" already beginning to affect Zaxby's bottomline. That's the reason why you are seeing technical problems here with your PeePee. The first thang Zaxby's wil cut back maintenance on are the things that are least impotent. I doubt this site will be active in 6 mumphs as Zaxby's finds it more n more difficult to peddle thur services to generate thur income. Well, the same thing applies to Ameritrade. Ameritrade is 'the little guy"...the little guy trades like a moron and becuz of that the AMTD bidness model is at a distinct disadvantage since the little guy will be the first to curtail trading activity whenst (not if) the majer indimacies begin the journey to new 52 week lows here soon. This already happened once during the 2008-2009 meltdown and it'll happen again. The ave trader will get painfully eliminated and already has in fact since it isn't "the little guy" driving the markets to new highs. On top o'that thur, AMTD made many bad finanshill decisions that they won't be able to recover from when the truth that is too big to ignore comes out. Remember, the govmint can't continue to print money to hold the economonomy "above the waterline" forever. *-) Look at what has been spent so fer and what little progress if any wuz made. Noooow, for a technical trading standpoint. My system tells me their are certain signals that show up on the charts that tell us about highs that need to get taken out...and lows that need to get taken out. I'm not going to go into a loooong dissertation cuz I have sssplained enuff already for NE1 who cared to lissen...and besides that...I don't feel like wasting my time on an essplanation :-) But, it's how I knew AA would retest and take out the 17.06 high that I mentioned to ya in yer udder blog...and it's why I sed AMTD still needs to take out the trade above $20. The nonconfirmed high in AMTD also falls in line what I told Vet about the finanshills...but it's still gonna be "neat" ifn BAC fails to rally with the rest of em like I sed it would. So keep yer eye on BAC :-) Anyhoo, back to yer question....AMTD has lows that were never confirmed and those lows dictate an 'eventual" move to sub $5 dollahs. So jot that down cuz ya doesn't want ta fergetit. And doan ferget me...the guy who "toldja so" whenst this site no longer exists cuz of "financial constraints" ...and you have no idea wherst to go for more incredible anal-ysis. :-) 3J

I just went and dug up my old price target for AMTD....here bees the actual numba >>> 2.70 :o I'm glad it's soooo low that nobody believes this target will get hit. :-) It's been awhilst since AMTD traded down to levels to generate a "potential" target of 2.70...it certainly didn get low enuff in 2009 so this target wuz "obviously" generated during the meltdown that wuz caused by the internut bubble and continued on with the 9/11 meltdown. Again...write "the numba" down so ya don't ferget it. *-) 3J

Thanks 3 J for explaining your views.
Glass can be seen as Half Full or Half Empty. It means the same thing. The trade is always paired between buyer and seller. It is the buyer who dictates the price. Seller can get away when every one is lined up 3 deep to buy the stock.. Like ENER just went ballastic in the afternoon and I decided to unload for 3% profit for holding ENER for 4 hours. I do not have a forward looking glass to see where it will end up on Monday. To me as short term trader 3% was great return. Some will call it a great trade and some will say I should have held for four more weeks. Both opinions are right. Every trader should be able to make his / her decision or they should not be in trading game. Some folks loose their shirt and others make their living off trading. I treat it as hobby and make an honest effort to generate some income on daily basis.
Have a great trading week.
Thanks again.

IMO, the glass is neither half full ...nor empty...in reality, the cup overfloweth! :o Of course I am of the opinyun that the markets are more grossly overvalued now than at any time in the past 10 years. How do I arrive at that conclusion? Well, ifn you know for a fackt that wherst you came from wasn't low enough, it makes it purty simple. *-) The view of the 1 year SPX chart clearly shows that the 666.79 low wasn't low enuff. It also points out wherst the 2 "major" Miss Takes wuz made. In June the SPX had peaked at the 950 area and began a "proper" selloff to take out the low...or at least equal the low. That is the "proper" way for a low to be setup actually...it gets established....then it gets retested. Well, the rally from appx SPX 825 in April to 950 in June came after a buy signal. A rally after a buy OR sell signal is bearish according to my system. In July the SPX began to retreat to "properly" pay for this Miss Take and all was going along in a proper fashion to establish a base from which a new bullmarket could launch. It traded to appx SPX 875 (again, only 825 "needed" to be taken out at the time) in July and that's whenst Meredith Whitney (the anal-yst who was so decidedly negative on the finanshill sector during the "great crash" of 2008-2009) suddenly reversed course and came out with a buy call on GS and the rest o'the finanshill seckter. IMO this was clear n "obvious" manipulation o'the markets by Wall St. And it has been upwards momentum ever since, driving the SPX back into buy mode in Sept ....and leading to a sell signal once again in early Dec. Once again the SPX has rallied after a sell signal this time...even more decidedly bearish than the signal in April. On the 1 year chart the high that needed to be breached to confirm the SPX top was at appx 1100...yet here we are appx 50 points above that level. The windup? All past Miss Takes "eventually" get rectified by Mr market....and I have pointed out 2 o'them to you....the Dec price point at 1100 which was the area o'the second Miss Take. And of course the more dramatic price point near 825 which the SPX wuz in the process of rectifying before Meredith Whitney came out with her buy call on the finanshills to cut short that entire process. The move to SPX 825 will come very swiftly once the correction begins. The time is close at hand also. The 3 volimatility indicies (VXX, VXN, VIX) are all clearly telling the tale as I outlined in my most recent blog about the natgas and energy stocks....altho Fri's lows need to get taken out on VXN and VXX...and the 'telegraphed" VIX move to 16.26 on Dec 22 will more than likely get taken out too I would venture to say. There won't be a secktor that is immune to the selling either. Gold will NOT be a flight to safety...contrary to "popular" opinyun I might add. :-) 3J

Well 3J - I did not buy per the plan.

Why not? AMTD did eggZack'sly what I told it to do. Didn I say it was not a GOOG trade opp until it took out 18.39? Jooooo know I did. Noooow, even tho ole Vet doan believe what I'm telling him about BAC....and even tho he's spewing up a storm about how GOOG the finanshill stocks are...which of course means that long term top in the ENTIRE seckter is close at hand by the "Zaxby's stock junkie or flunkie spewin before the BIG spalunkie" rule...I am o-fish-ally making AMTD a trading buy thru $20 dollahs. But again...learn the diffrunce betwixt a trade and a long term investment since the long term investment that will payoff concerning AMTD is a chort on the pig whenst (not if) it trades thru $20 dollahs *-) Would you like me to go into an essplanation of wherst you failed with CENX, AA, and the rest o'those gross pigs? Certainly...and without doubt....NE1 who bot your call paniced out offa the highs. In fackt, fokes a panicing is why CENX lost 20% of its value. I have ALL the ansers cuz as you are beginning to realize by now...I AM the markets...and the markets can only do what I say :-) 3J

See that thur, Rimm-me, all ya gotsta do is ssscheck yer own blogs sometimes to see what I wuz spewin. Thur ya bees.....my AMTD buy call on Sat. "Hopefully" ya wuz slick enuff to buy the open. Not enuff chachingo init fer my tastes being that it only needs to trade thru $20 dollahs. I'd much rather chort it over n over again whenst (not if) it gits thur. Of course I would much rather chort the most grossly overvalued stocks in the finanshill seckter which would be BCS thru the 52 week high....AIG back above $55 dollahs...or Fatass Fannie (FNM) and Freaked out Freddie (FRE) whenst each trade above $2 dollahs...I sssthink the numba fer FNM is 2.50...FRE is 2.15 or vice versa. :-) The eeeeeasy way to play would be to buy FAZ or SKF whenst the Tai Ming is right. You will se botha dum on me open list befo the week is out I'm wreckin :-) Oh yeah...doan fergit to pay attention to how BAC sux doo doo even tho the resto the seckter does much better. :-) 3J

Great - Thanks Sir 3J - Regarding CENX - please read my blog - I said keep an eye on sector - I also said I have ACH in my portfolio.
I will buy CENX when the chart says so. I bought AA on dip to 15.49