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IBDvalueinvestin (99.64)

Market crooks did it again.

Recs

10

July 06, 2010 – Comments (18)

Suckered many of us in on the gap up open only to make us bleed by day's end.

 

The strategy is getting so very old...and so very easy to spot.

 

If any fool's got fooled today, hit rec. on this post.

18 Comments – Post Your Own

#1) On July 06, 2010 at 2:16 PM, IBDvalueinvestin (99.64) wrote:

LOL, no rec's yet?

 

I guess the FOOL members are all 5 star investors lol.

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#2) On July 06, 2010 at 2:32 PM, russiangambit (29.33) wrote:

Nope, went short at 1037 expecting 1040 resistance to hold.

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#3) On July 06, 2010 at 2:47 PM, goldminingXpert (29.50) wrote:

I entered bearish positions in the foreign exchange market last nigh, sat on big losses this morning and am finally in the green. 

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#4) On July 06, 2010 at 2:55 PM, Superdrol (97.28) wrote:

lol.  How much money did you lose this time ?

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#5) On July 06, 2010 at 3:07 PM, binve (< 20) wrote:

russian, I added to shorts today at the exact same stop.

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#6) On July 06, 2010 at 3:09 PM, Superdrol (97.28) wrote:

everyone is using 1,040 as a resistance stop.  The over and under was a nice short set-up.  I'm disappointed I missed out on it.

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#7) On July 06, 2010 at 3:38 PM, Dow3000 (< 20) wrote:

I hope you aren't using real money and I hope nobody is listening to you.  This market will be straight down for months.

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#8) On July 06, 2010 at 4:12 PM, simplemts (< 20) wrote:

Market green today, IBD goes bullish (late again)!!

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#9) On July 06, 2010 at 4:13 PM, MoneyWorksforMe (< 20) wrote:

I sold two leveraged short etf positions for profits today at the open. My sell-stops were unfortunately triggered. I am not turning bullish; however, I do feel we need to have a few positive days after this rapid move down. I will look to reenter the positions hopefully after some upward movement. After todays market action I'm not so sure I'll get a solid chance, but I feel good about taking some off the table here.

I will rec this only because I thought the rally today was for real and would last until the close. 

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#10) On July 06, 2010 at 4:20 PM, vriguy (75.61) wrote:

I sat on my hands - seeing no compelling reasons to get in or get out.

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#11) On July 06, 2010 at 4:21 PM, ragedmaximus (< 20) wrote:

i bought some in short etf  dxd when dow was up 133 green and sold when red today. i now pay 59 bucks a month in stockchartsvideo.com and since then im making more money than losing it check it out . its your choice but this market is up and down but more slowly headed down little by little. and its been low volume with extreme volitility also

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#12) On July 06, 2010 at 5:23 PM, Varchild2008 (83.84) wrote:

I hate to say that I got fooled here as in reality I look at the stock I bought on the morning GAP up as a stock that I simply value far greater than what I paid for....

I like Caribou Coffee far more per share than what I paid..... I don't care if the stock market want's to smash it to pieces for the rest of this year and 1st half of next..... CBOU is my favorite place to grab a Coffee or a TEA beverage.  I'll be back at CBOU a number of times before this month is out and I'll probably grab me a Bag of Caribou Coffee next time.

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#13) On July 06, 2010 at 5:30 PM, ragedmaximus (< 20) wrote:

Wow Varchild, It takes a man to admitting getting Tea Bagged by a Caribou today lol.......... is it another gmcr!

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#14) On July 06, 2010 at 6:00 PM, 1315623493 wrote:

Suckered many of us in on the gap up open only to make us bleed by day's end.

LOL!

I only trade when the market is closed to get rid of all the noise and emotion. I can think the most rationally only when the market is closed. I made 1.8% on my portfolio today, and I'm 50% in cash!

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#15) On July 06, 2010 at 6:00 PM, Varchild2008 (83.84) wrote:

CBOU is by no means another GMCR.....

It is really just a modest grower of earnings....  I view it's potential growth just shy/south of Beverage stocks like (DPS) except CBOU stores are global.

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#16) On July 06, 2010 at 6:01 PM, Varchild2008 (83.84) wrote:

@BetapegLLC

I gained about $6.50 or so today despite 3 stocks out of 4 selling off.... Thank you (DPS) for bailing me out again :-)

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#17) On July 07, 2010 at 10:23 AM, Superdrol (97.28) wrote:

IBDValueinvestin is a bull again today.  He's going all in 150% (the +50% is from margin).

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#18) On July 07, 2010 at 3:04 PM, russiangambit (29.33) wrote:

Well, breached 1040 on the second attempt, not too surprising. It might still end up being a headfake but you never know.

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