Big Wet's Stock Talk 7-13-09

7-13-09 market analysis and chart analysis

Category:

News & Politics

Tags:

• stocks

[elwalvador]

Big, u held faz for 9 weeks while it was moving against u and now that the market is moving down your selling your faz, Why?

Don't u want to be holding a big chunk of faz for this down leg?

If u remember my last vid, I said not to short just because the H&S confirmed. Monday was the reason why. Also, I said that 890-to-900 on the S&P was a fantastic shorting opportunity. Well here we are, 900 on the SPY. I'm picking up some SPXU tomorrow. I'm still playing the H&S thesis down to 840.

[Bigwet72]

Sold no faz. Wanted to if today was a red day for the rifin. Just for a rip to re position and pull some cash for my 2 new lazy boys.. Didn't happen and still holding.

Still playing the down side. Sold srs and will re enter under 20 if I get a chance.Good Luck

[maximumvalues]

-------- FAZ WILL BE A BUY --------- tomorrow or the next day if it was not today. i got out last week because of OPEX MANIP and boy did they deliver with Meredith today. FAZ MAX PAIN =$50 .... and like magic... it's there. tomorrow should be interesting. look at PCLN using the 20/40 and 20,2 bollinger. popper right into the crossing nut sak. im 300 shares short when it kicked those moving averages in-da-nuts.

[elwalvador]

Ah ok, man I thought you'd lost your mind! Selling FAZ at this moment!? haha.

I missunderstood what you said.

Anyways, you still haven't joined Twitter. Should I make a vid showing how to use it? I mean for stock traders I think it is an invaluable tool. Seriously, get an account and send me a message. Type in "@elwalvador Hi" or something. Then I'll show u why I like it so much.

TTYL, I'm going to go eat me a "Bull Meat Sandwich".

[3dbeing]

dumped a bunch of faz today, took a hit, but didn't ride it down, sold srs at the top, but held 1/4 pos, picked up tbt, slv, and uso...lookin' to reload faz or srs....or both, GS is going to suffer some kind of blow back for profiting from the mess they helped create...watch...

ps. I'm outta cali, cuz the housing crisis part 2 is about to hit like a Samoan on a bottle of jack, bailout nation continues.

[edepopede1]

"Blood across the board" ... good one ;-)

Big Wet, please look at the Bonds. For that the market was rallying like crazy, the Bond yields remained low. Means the big money has not participated in this rally. They are waiting in bonds on the sideline until your quadruple nut has been cracked .....

[tickhound]

goldman crooks report earnings tomorrow... I can't see them underperforming. However, even the perma bulls are nervous right now. We'll see. I'm with you though BW... Today was a get out of jail free card for all those who were still holdin their longs.