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rjm77me
rjm77me vip
P&P Score: 99.94   Points: 616.65   Accuracy: 77.28%   Average Pick Score: 0.89   Annual Return: 32.85% (94.05% since 7/16/09)  

rjm77me's Blog : Fridays Job report critical for any further up move = or expect 200 drop in next 5 days

Date October 7, 2010  Edited: October 7, 2010    Comments Comments (6)    Rate this post Recommend This Post (72)   
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My personal scans are saying up side move is getting a bit tired and just throwing a yellow flag
Either the market has to break above 11,000 or it takes a down side swing - not big just a breather. It just reveresed at 10,998
Dow 10,948.58 -19.07 -0.17%
If it fails to break that barrier - then the pull back is the natural choice.
AA report was positive start of earning season and only thing left is resolution to upside or reversal to a lower level.

I will be watching fridays report closely. I am 80% in cash in my 401K as of today to take advantage of earning season - if possible - my IRA is 25% in cash. Trading account is 25% cash. One can not trade with some cash in your pocket.

What is your opinion of real time trades per link below? Should we continue to next week. It will depend upon your response or I will cut down exposing my trades for reviw. I can just trade quitely. I want to see few folks active on day or swing trades. The only request is it has to be a trade with real money = with buy point in $ and cents and same way the sell point in real money account.

http://www.peopleandpicks.com/blog/rjm77me/3417577/Real-Money-Trade-Central--Are-you-willing-to-participate#3421224

Please always do your home work before doing a trade = you own profit or loss.
Tags : AA   GNK   AKS   X   PCX   FWLT   SPY   QQQQ   DOW   ADBE  

6 Comment(s):

Author rjm77me     Date October 7, 2010 22:25  Edited: October 7, 2010 by rjm77me Abuse this post Report Abuse
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I will be trading JPM leading to earning
JPM >>Next earnings release: Oct 13 before market, confirmed. Thomson Reuters estimate: 0.88
AXP looks tempting
I am kicking my self for selling some ADBE calls today - I do have few call spreads as consolation prize. Those I am holding and may add few as speculative plays.
Author JoeJustJoe     Date October 8, 2010 08:18 Abuse this post Report Abuse
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The real $$$ bored is GOOG cuz NE1 kin post thur trades at any time as they make em. Tain't nuphin werser than fokes who boast about how much $$$ they made "after the fackt" ...suuuuuure ya did. Ifn ya doan have da guts to post yer trade "as you make it" then I'm not intrusted in hearing about how much $$$ you only "wish you made" ...cuz thaaas the reality ovit *-) BTW, retail sucks....but thur's "probly" 3-5% left in some tickers....jist like everythang else out thur :-) 3J
Author rjm77me     Date October 8, 2010 08:55 Abuse this post Report Abuse
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3J
The blog is not to boast profit or loss - just do not cheat - when one posts bogus trades than one is not going to make real money. I am sitting on 40 cents loss on JRCC is not the end of world.

For every one -
Market is showing good strength based on pre market futures. The job report was lousy and still the futures went down for few seconds and are down just 33. I personally expect a negativebias for the day and will trade accordingly or stay out.
Author JoeJustJoe     Date October 8, 2010 09:17 Abuse this post Report Abuse
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Well, I already made my intentions clear. My main focus is VXX and I already mentioned my scenario to add to my current holdings. I gave my over/under on DZZ...which will be my seckond weapon of choice. And I will also make a smaller add to DRV "if" it breaks under then over 21.18. I plan on holding all 3 for a minimum of 30 days I'm wreckin. I am also chort NG and SIRI and MCP with Dec puts....long the U.S. dollah via UUP Nov calls. And I'm sure I will leverage VXX n UUP further with calls once the numbas I already posted are taken out. :-) 3J
Author rjm77me     Date October 11, 2010 12:02 Abuse this post Report Abuse
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I expect sligh market pull back before fresh money get invested in Market as awhole - till that time start playing stocks which are lagging and normally beat earning - I did buy RBC Friday at 55.39 in real money account - 401K - target 3 to 5% up side in 10 days
Author rjm77me     Date October 11, 2010 15:11 Abuse this post Report Abuse
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By Merril Lynch VLCCF, US$18.97, C-1-7) High-yield
balanced with upside; Init at Buy
We are initiating coverage of VLCCF, a provider of marine transportation for both
crude oil and drybulk goods, with a Buy opinion and $23 price objective.
Knightsbridge recently completed an $80 million follow-on offering that provided
the company with cash to paydown approximately $29 million of debt, restructure
and expand the revolver on an existing lending facility, and purchase the already
identified Golden Zhejiang, its 4th Capesize vessel. While the company's past four
vessel purchases have been drybulk vessels, its mixed fleet afford the company
the freedom to ascertain where the greater opportunity lies. Charter mix shields
investors from near-term volatility
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