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benitus

benitus
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  • Bank Of America: Don't Be Fooled By Dead Cat Bounce [View article]
    Too early to go all in. Now is not the time. It'll bounce around some more until sometime positive can be ascertained, probably after all its legal troubles have subsided and gone away. So, time now to play around with the stock.
    Apr 14 04:35 PM | Likes Like |Link to Comment
  • Earnings Preview - Bank Of America Q1 2014 [View article]
    Just a vain attempt to start the clock on how much they can get paid by SA, so let's all decide not to make more than one comment each and teach them a lesson. What a let-down.
    Apr 14 03:35 PM | 1 Like Like |Link to Comment
  • Twitter's Numbers Game [View article]
    81george...that's exactly what I'm thinking. If it goes below $40, there'll be the makings of a slide, unless supporters come back in full force to buy it up, which is doubtful, as many are looking at prices below $30, so I'll hesitate to go long even at $40 but it's OK to cover your shorts at that price, since you and I have been holding our short positions for some time now, although I've been using some of them to trade with. May the odds remain in our favor always.
    Apr 14 11:30 AM | Likes Like |Link to Comment
  • Twitter co-founders, CEO to keep shares as lockup expiration looms [View news story]
    Indeed, it isn't a helpful statement, just a vain attempt to stave off market expectation of a sell-off after the lockups are released. It doesn't need any of their shares to trigger a sell-off, as they total only 15% in all, but comprising at best 25% of the shares that will be released (I think). All it needs is a sell-off of 20% to trigger a run on the stock, so it's going to be tough to prevent that, unless the management comes up with something substantial to encourage supporters to stay on board after the release.
    Apr 14 11:22 AM | Likes Like |Link to Comment
  • First Solar Outlook: Sunny And 75 [View article]
    You're absolutely right, Jason. We must stick to our principles and adhere to the system that we've worked out for ourselves. FLSR had a mild spike this morning before it went back down and nearly triggered your stop loss. Now, it's up again, so it's a battle between supporters and detractors, as most traders seem to be perched on the sidelines, judging by the low volume. As I said before, market has rallied from the positive news this morning, so that has encouraged many buyers to come out, but it might fizzle out by the day's end, if the traders continue to sit it out.
    Apr 14 10:29 AM | Likes Like |Link to Comment
  • First Solar Outlook: Sunny And 75 [View article]
    Thanks, Jason, for your clarification. Now I see what you mean. You were speaking about stopping your losses, rather than making a profit. It should drop down to $60 this week, before the next results, unless management leaks positive news to prevent its price from further slide, like what they did with its premature guidance that sparked the sudden jump. However, if earnings fails to beat, then the slide will only intensify. So, my suggestion is for you to get out when it spikes today (which it will, before resuming its slide) and take a small loss, instead of watching your stop-loss kick in. Have a great week ahead.
    Apr 14 05:53 AM | Likes Like |Link to Comment
  • Why Facebook May Approach Triple Digits [View article]
    cashawash.....no offence taken, my friend. Everyone is entitled to their own opinion and you can disagree with me all the way if you wish. It's refreshing to hear what others have to say about what we think, so long as we're being civil about it, instead of making insulting and childish remarks like some other people used to hit me with.

    I've said many times before that at least 70% of the people in the stock market are gamblers, even though many don't admit it, and I'm proud to be one, especially when I'm good at it, after years of paying to learn from my mistakes. Nobody is above making mistakes because we're human but we need to learn from them. Admitting we had been wrong is always the first step towards redemption. That's how we progress and improve our lives. The worst are those who insists that they're right all the time, especially those who keep on getting the last word in and deny everything, because they think they know it all when they know next to nothing and making themselves look stupid, in the face of the truth.

    What's happening to FB is the same as what often happens to other stocks which rise too fast and too soon. Nobody dislikes Facebook the service but market reaction to FB suggests that it would like FB to come down lower before they can regain confidence in the stock rising again. After all, nobody wants to buy into a stock unless it shows potential for significant appreciation, which is not now.

    To compound matters, Zuck has taken upon himself to spend billions upon billions without considering that he has held his shareholders hostage with his over-priced acquisitions, without providing any indication on how he intends to use them to improve the revenue stream for FB. So, it's inevitable that shareholders will lose confidence in FB and vultures swoop in for the kill. It'll recover as and when Zuck comes clean with his deals and if earnings exceed expectations.

    In fact, it's good for FB to pull back to lower levels, so that fresh faces can enter the fray, especially those who think well of FB and consider that the lower price is a bargain when compared to its highs. It's my gut feeling that FB must drop and hold below $50 before these fresh faces would dare to wade into the waters. I'm just a trader, who makes money from any stock whether it's on its way up or on its way down. The worst for us is for the stock to move sideways, so people tend to hate us for trash-talking FB. What I'm doing is to share my thoughts, so that people can be aware of what's going on out there and not rely only on their emotions.

    Have a great week ahead, my friend.
    Apr 14 05:22 AM | Likes Like |Link to Comment
  • Going Over Walter Energy [View article]
    Great article, Paulo. Very informative and interesting facts. I would only say one thing about China and that is its obsession with steel production. They can't afford to let their factories stand idle (too many mouths to feed), which is why they're not hung up on using scrap steel, although they're willing to buy if the price is right. I've got a long standing contract to sell them scrap steel but prices must be negotiated. I did quite well in the mid-90s when I was selling them last-voyage vessels (until those idiots in Pakistan killed the market) and I sold them a few huge locomotives from the Soviet states (at least 50 tons each). Also, China is building war-ships, tanks, guns, etc. to replace their Soviet-era armaments, so demand will continue for years to come, as they endeavor to overtake the U.S. in naval assets, especially when that idiotic Hagen is systematically reducing our military strength and making our mighty forces into toothless tigers. Further, demand for subsidized housing in China is accelerating, so they cannot slow down domestic construction. One thing is for certain about China, steel production may not grow for economic reasons but they cannot decrease for practical reasons. May your week ahead be great and wonderful.
    Apr 12 04:31 PM | 10 Likes Like |Link to Comment
  • First Solar Outlook: Sunny And 75 [View article]
    Jason, I was reviewing my previous comments about your statement on almost selling your stock at $66.90 and I still don't get it because FLSR hasn't gone below $67.00 until yesterday, so when did you buy into the stock that made you want to sell at $66.90 because I had assumed you had shorted it above $67 and you were trying to cover at $66.90? I'm not being inquisitive but just trying to make sense of what you said and you don't have to answer my question if you don't want to. Also, I'm confused when you said you don't know when and how to sell. Could you care to elaborate? Maybe, I can give you some suggestions.
    Apr 12 02:49 PM | Likes Like |Link to Comment
  • Facebook buying VR headset maker Oculus for up to $2.3B [View news story]
    Jballa, you remind me a lot of my younger self (those were the days, sigh). Somehow, comics and fast cars have a high propensity for mutual attraction, which is a dynamite mix. I've never heard of some of those comics you mentioned, so I must be a generation ahead of you. But I've driven all kinds of fast cars before I turned 20, e.g. Lambo, Maserati, Ferrari, Posche, Alfa, Fiat, etc., because many of my buddies in the Marines who went through boot-camp with me actually came from rich families, which was why they were there, for the thrills and not for the peanuts we earned (I know many of them don't even "cash" in their pay-checks), so all their families had expensive imports, which I get to drive on weekends, because they always came to me for help and advise (I'm the guy with the brains but without a home, as I was born poor). I never asked for or took handouts and I eventually retired as an officer.

    I could only afford to soup up production cars, e.g. I had a Fiat 125 and a Datsun SSS (the original 1600cc) which I souped up real good, with over-sized pistons and Weber twin carbs. My first car after working for several years was a Datsun 1200, which I bought while stationed in Asia and souped it up; polished the intake and exhaust valves, etc., and it beat much bigger Fiat and Honda on the straight.

    Well, I'm sorry for your losses on the market. All of us had been there at one point or other, so I can feel your pain. It's not true that 80% of day-traders are in the red. Nobody wants to divulge their true earnings. Real day-traders work on their trades as their day jobs. They are often not greedy (just earning a regular income), very disciplined, and focused. Yes, they may make bad calls from time to time but they don't panic and run when they incur losses. They lick their wounds and work themselves out of the hole. I won't say how much I'm making every week (or else, I would be accused of bragging again) but I make more in a week than many would make in a year. The trick is to trade in high volumes and small margins, so we can make several round-trips on most days.

    I wish I could help you to recover your losses because $18.2K must be a lot for you. If you're a good salesman, there're plenty of sales jobs that pay really good money, e.g. selling cars. I know many car salesmen, some very young and new, who make more than $200K enjoying what they do. Technical sales is also a great money-maker. I know one guy down in Texas, who spent his entire life selling drill-bits to oil companies. Can you imagine how many or how often he sells one? Not much, but he got paid very well for the clients he secured and kept over the years. The drill-bit company was also state-of-the-art, so there was hardly any competition. He worked only an hour or two when he works because he never hungered for wealth, just to provide for what his family needed.

    Otherwise, go get a degree and teach in STEM. They get paid above $50K (for 180 days of work), full benefits, and retire with full pension after five years (but don't get involved with unions or politics). I know a cop who retired twice in different school districts before becoming a cop and he's now working through law school. You can also consider becoming an engineer, which starts at $80K in most states, or go down to Texas (or up north in ND) and work in the oil and gas industry, or even work offshore. Being an engineer not only earns great income but it trains your mind to be good at anything you want to do, which any industry would welcome, because decision-making cannot be taught - it must be learned. Great jobs are plentiful in America but we've got to work hard at whatever we choose to do, instead of being lazy and demanding for entitlements.

    Unless you have the means and the experience, you can't rely on the stock market to give you a regular pay-check. I started as a pattern day trader (PDT) many years ago with a capital of $50K before I went abroad to work on my deals. After some initial mistakes and losses, I settled down eventually to making at least $1K weekly trading part-time, as and when I can. By the time, I got tired of travelling and wheeling and dealing, I was making above $10K weekly, so I didn't get to be where I am, from the get-go. I made mistakes and lost money big-time but I learned from my mistakes and recovered my losses all the time. I still make mistakes today but I never beat myself over it because I enjoy the challenge of recovering from my mistakes.

    Back in 1980 (or was it 1982), I got hit really, really bad and lost more than 80% of my investments, so I simply locked all my shares away (yes, we trade with real stock certificates in those days) and came back to them two or three years later and found that I was up 50% without losing a penny. So, there are some days when you can't do anything except to walk away and leave everything on the table.

    May the Lord bless and guide you in whatever you choose to do. May He help your family to grow strong and healthy, be committed to each other, and learn to be generous and hard-working. It is in giving that we receive and God will never be outdone in generosity. God bless.
    Apr 12 10:49 AM | 1 Like Like |Link to Comment
  • Coal names higher as Consol raises coal production outlook [View news story]
    Thanks, Mark. The stock market is always a zero-sum game, which I've been using to make money for many years. Allow me to explain (even if you disagree). Whenever there's a run on major stocks, the profits aren't going to be taken out from the market (that's the nature of gamblers), so it's got to go into stocks that haven't moved much recently, due to most interest being diverted elsewhere, so I get into these stocks and they'll boom within days. I've expounded on the gambler mentality before on several occasions, so I'm not going to repeat myself again, as it's quite tiring writing long replies at my age. Live long and prosper.
    Apr 12 06:11 AM | 1 Like Like |Link to Comment
  • Why Facebook May Approach Triple Digits [View article]
    eftvox.....given the bare facts staring at our faces, it's unlikely that they will beat, unless they cook the numbers and make the situation appear better than they really are, e.g. increasing users doesn't mean that active users are actually increasing. It's more important to look at the rate of increase and their definition of active users. Revenue growth may obscure it's failure to increase advertising content dramatically because they've been charging more to increase revenue.

    Even if they're able to make the results look great, any boost is only temporary because it will retreat when the hoopla dissipates, since the fundamental weakness is still out there. If everything is rosy about FB, why then has its price been dropping consistently in the past week or so.

    Have a great weekend, my friend. Thanks for your interest, btw.
    Apr 12 06:03 AM | 1 Like Like |Link to Comment
  • Why Facebook May Approach Triple Digits [View article]
    duggard....somehow, I missed your comments yesterday (out golfing with other day-trader buddies after a great lunch), so here goes....

    If you re-read my last comment to you, I didn't disagree with your reasoning. In fact, I agreed largely with your take but I thought that going long at $56 is a trifle too early because I do think it has every potential to go below $50 before turning around. That's all.

    Of course, the logic for it to go below $50 exists but I can't get a handle on how strongly that FB's diehards will increase their positions as it goes lower, i.e. the resistance is unknown, even among side-liners, because many people tend to compare the current price with the last high and think it's a bargain, without considering that there must be something wrong if it has come down so much from its high. But I do know that many people are nervous about Zuck's recent acquisitions being a drag on FB's bottomline (besides being unhappy that they have diluted shareholders' interests without immediate revenue returns, as they seem to reflect Zuck's fear of GOOG and his indulgence with toys) and given the fact that its growth has been slowing, the results might not beat expectations, which would likely trigger an exodus by these nervous people, because they're hanging on by pure hope of a strong showing.

    So, I do expect FB to continue going down before the next results because many people will get out, just in case...., unless something positive comes up that will renew their confidence in FB. Yes, many people do point to what they consider as a vast increase in mobile ads to justify their optimism, but they forget that these ads can come and go, so FB must produce believable user statistics if they want to change the prevailing gloomy outlook before the next results.

    Have a wonderful weekend. It's Palm Sunday tomorrow and the beginning of Holy Week, so it's time to clean out the skeletons and clear our slates with God, because God will never be outdone in generosity, if we do so. I expect to stay away from the market after Monday or Tuesday, unless turmoil prevails, which is unlikely because bargain hunters will be out in force on Tuesday if Monday continues to pull back. May the odds be always in our favor, my friend.
    Apr 12 05:44 AM | 1 Like Like |Link to Comment
  • First Solar Outlook: Sunny And 75 [View article]
    Dear Jason, it's always easier for me to make money shorting my stocks because there are less rules to follow on the short side, whereas it's harder to find the right time to engage with long positions. To each his own, dear friend. May the odds be always in our favor.
    Apr 11 10:12 PM | Likes Like |Link to Comment
  • Coal names higher as Consol raises coal production outlook [View news story]
    Dear Mark, you're welcome. I'm so sorry to know that you were among those who were hit very hard by the economic meltdown of 2008 and 2009. Many people haven't recovered at all, so you were brave and brilliant to take hold of your future and do something for yourself. I'm glad that you've been making money and has grown in wisdom and experience with the stock market.

    We often hear from people how easy it is to make money from Options trading but we don't hear of their losses. My principle in life about everything is that it's all a zero-sum game. When some people are making lots of money, then there will be others who've also lost their life-savings, so my philosophy is to stick at doing what we know best instead of wasting time trying to learn something new and put our valuable and limited resources at risk. Like I often tell people, we shouldn't spread our resources too thin, so we should focus on a few stocks that we like, that we know, that there's enough volatility to make money, etc.

    If you want to talk more, then follow me and I'll be pleased to discuss your thoughts on making money and maybe, share some with you. BTW, don't ever let your struggles be a cause to neglect your family, especially your kids. They are God's gifts to you and through them, you can enjoy life with them, even as you struggle everyday with your work and your studies. May the Lord always bless you and your loved ones in all your endeavors. Live long and prosper, my friend. God bless.
    Apr 11 10:06 PM | 1 Like Like |Link to Comment
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