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  • Can you say "conflict of interest?" Credit-rating companies routinely award higher rankings to debt issued by banks and corporations that pay them the most, while bonds from countries and cities that pay about half as much as issuers of less creditworthy debt are “rated more harshly,” according to a new study.  [View news story]
    What they actually sell is the offloading of blame.
    Oct 28 07:07 PM | Likes Like |Link to Comment
  • Is The Fall Melt-Up Over? No! [View article]
    Michael. Thank you for not ending your title with a question mark. I hate those "Is the world ending?" "Dow 50,000?" teaser titles.

    And thanks for your work. It can be frustrating to show people the way and feel unappreciated for it. It happens to me every day at work. Just keep doing steady work and eventually you'll be vindicated and eventually venerated!

    Just don't make all the fame and fortune make you cocky. :)
    Oct 27 10:48 AM | Likes Like |Link to Comment
  • Looking For The Next Netflix Or RIM? Be Wary [View article]
    Excellent write up, Rocco. Thanks!
    Oct 27 09:59 AM | 1 Like Like |Link to Comment
  • Closing Comments: [View instapost]
    1222.15 was the low, been moving steadily up since then. Looks like maybe we move back up to that 1251 level. Thanks for the analysis!

    Hope you caught some fish!
    Oct 26 12:16 AM | Likes Like |Link to Comment
  • Closing Comments: [View instapost]
    What is the time frame for your calls on those two key levels? I.e., if it doesn't hit them overnight, we're in for a rally back to 1251? Or is there a longer horizon before the up-move is triggered?
    Oct 25 05:24 PM | Likes Like |Link to Comment
  • Wednesday, October 19, 2011 - Short Term Update [View instapost]
    So tomorrow is going to he a huge move, either up or down? I don't see any big movers tomorrow. Next Thursday should be the big day - 3Q GDP initial numbers, will confirm or deny the "we're already in a recession" theory.
    Oct 20 10:04 PM | Likes Like |Link to Comment
  • Why Blaming ETFs Doesn't Make Sense [View article]
    The issue with ETFs is that it takes a lot of the high powered trading tools once only available to the well-educated and well-funded few (all manner of sector focus, commodities, 2x and 3x leverage, and the ability to invest in either up or down directions on any of those) and placed them in the hands of the average investor. The former patsies who were stuck in illiquid traditional mutual funds.

    Now that we can play the same game as the big boys, they're wanting to take those tools away from the individual investor at the same time deflecting the focus from the HFT algorithm shops who were getting all of the attention.

    That's why out of nowhere you're getting the Senate looking at it as well as media figures like Jim Cramer starting to blame the ETFs. We've finally started to learn their game and they are trying to nip it in the bud before it goes fully mainstream.

    I don't normally subscribe to or espouse conspiracy theories, and I think that in general it is as you stated, a scapegoat-hunt. And ETFs are a very convenient target for those with vested interests in limiting who has the ability to trade in them.
    Oct 20 05:45 PM | 2 Likes Like |Link to Comment
  • Tuesday, October 18, 2011 - Short Term Update [View instapost]
    Thanks again Bill, this work of yours is really helpful!
    Oct 18 10:47 PM | Likes Like |Link to Comment
  • Money Flows: RAVS 10/17/2011 [View instapost]
    Thanks, miscon, I appreciate your work. It really helps when trying to figure out the turns.
    Oct 17 05:09 PM | Likes Like |Link to Comment
  • Friday, October 14, 2011 - Short Term Update  [View instapost]
    So how low do you think we would break if things get "nasty" as you say? It's already in the 119s in after hours trading today, I would think a break under 119 is likely at some point tomorrow.

    More wondering if you mean "1150 nasty" or "sub-1000 nasty".
    Oct 17 05:04 PM | Likes Like |Link to Comment
  • Friday, October 14, 2011 - Short Term Update  [View instapost]
    Looking forward to your update based on today's action. Did you add to your short positions?
    Oct 17 04:22 PM | 1 Like Like |Link to Comment
  • Friday, October 14, 2011 - Short Term Update  [View instapost]
    Good call on Friday, Bill. QQQ 57 is about 22 cents away I as type this.
    Oct 17 12:56 PM | Likes Like |Link to Comment
  • Friday, October 14, 2011 - Short Term Update  [View instapost]
    Good analysis, Bill, thanks! I concur with your comments about the sentiment swings and it's nice to see the technical analysis to back it up.
    Oct 14 05:07 PM | 1 Like Like |Link to Comment
  • $10,000 Portfolio Update: Long FedEx And Short Sirius To $20,000? [View article]
    Great call on the SIRI downside price, Rocco. I see the intraday low was 1.46, but it's been holding 1.51 for a while. Watching it into the close to see if it holds above 1.50. Looks like next support is around 1.36 to 1.39 range from last November-December.
    Sep 29 03:13 PM | 1 Like Like |Link to Comment
  • Sirius Investors Should Not Be Disappointed as Russell Index Inclusion Complete [View article]
    Well I've made money on every SIRI trade I've made so far, so I can't complain. I'm currently long with a 0.9915 entry point. I sold half my position at a profit near the close on Friday, and let the other half ride.

    I'm not trying to make a big killing by swinging for the fences, I take small positions when the price is attractive and exit when it looks like the price move has ended.

    A lot will depend on the overall markets in the next couple of days. I may average in a bit more over the next few days to lower my average cost basis.

    There looks to be good support around 0.835, which is also close to the 200 day simple moving average. Since this stock seems to be a day-trader vehicle, technical analysis is a big driver to short term swings, more so than valuation or fundamentals. Keep an eye on R A F's technical updates to give you a good idea of the trading range.

    If you're wanting to establish a long position, I'd average in over the next several days rather than plunk down your whole roll at one price.

    Short term you'll see some selling come in at 1.10 as that spike of people who bought at 1.07-1.09 last Friday decide to take a quick profit and run. If it can squeeze above 1.10 and close there, I'd look at 1.23-1.25 as the next round of selling pressure as people see it hit the 52-week and and take profits.

    Just my personal opinions, I'm not a professional trader.
    Jun 29 07:33 PM | 5 Likes Like |Link to Comment