interesting information ... some very thorough insight of proffessional traders... thnx chahine
Buy on the rumor and sell on the news. Almost all stocks are pretty predictable in their run up to the earnings announcement and the following selloff. I would trade more, but I just hate paperwork.
[quote:f6bac9bbff="HappyHarry"]Buy on the rumor and sell on the news. Almost all stocks are pretty predictable in their run up to the earnings announcement and the following selloff. I would trade more, but I just hate paperwork.[/quote:f6bac9bbff] definitely agree on that HH paper work does kill in constant trading and them whatever u make on the trade is lost in taxes so why even bother trading so much when u can choose 1 or 2 stocks that u think are safe and let it bump up and load on the dips.... seems to work for me in sirius ;) as i manage my own portfolio and another with more $$$ i use that strategy... seems to work .. my personal grown to 400$ now the other one to 180% in 6month so not too worried and also the reason why i have been a little away from the market... :wink: anyways ill post back later im just too sleepy now... later and good night chahine
Here's a good stock split play and also to hold long term. VLO just announced fantastic earnings and a 2 for 1 stock split. Valero Energy Corporation is an independent refining and marketing company that owns and operates 15 refineries.
Looks like a decent pick. So how do you do the trade, Willow Road? You set a stop or what?
I wouldn't trade anything right away unless it was going short with something. I still think that the Markets will be falling more. I think about ^SPX 1060 to 1040 and ^VXO in the 21 to 24 range. You can trade it short term by buying as it comes up through the 9 dsma. Long term I would wait until the Markets put in their next lower low. I think we will have a run up starting by the middle of October at options expiration. Just a guess though. All one can do is read the Markets day by day and react accordingly. Cut your losses, let your profits run. VLO has cut through its 50 dsma and its a long way down to the 200 dsma at about 58.
Yeah. I'm not buying anything at all right now.
CVX looks like a short term stock split play until it runs out of steam. Its near a 4 year high with the 2:1 stock split payable 9/10/04.
Dump it the day before the split.
Probably won't last that long. ^VXO closed at 14.37 Thursday. Here's a review of the pattern. DATE - SPX - ^VXO - (G OR L) 3/2/04 - 1156L - 14.03L - NA 3/22/04 - 1089L - 22.66H - (-67 PTS) 4/5/04 - 1151C - 13.88C - (+62 PTS) 5/17/04 - 1079L - 21.42H - (-72PTS) 6/23/04 - 1145H - 13.37L - (+66 PTS) 8/6/04 - 1062L - 20.72H - (-83 PTS) 9/2/04 - 1119H - 14.20L - (+57 PTS) WE ARE NEAR AN INTERMEDIATE TOP G OR L = GAIN OR LOSS NA = NOT APPLICABLE L =LOW PRICE THAT DAY H = HIGH PRICE THAT DAY C= CLOSE THAT DAY PTS = POINTS Good news is I think we are working on getting out of the declining tops mode.
[quote:0ff53d2b77="HappyHarry"]Buy on the rumor and sell on the news. Almost all stocks are pretty predictable in their run up to the earnings announcement and the following selloff. I would trade more, but I just hate paperwork.[/quote:0ff53d2b77] You know I've been wondering about that one. Everyone always says that: buy on rumor, sell on news. Where do you guys find the rumors? I mean I have no problem finding the news, news thrusts itself upon me. But where do you guys hear these rumors?
Jim Cramer and his ilk are the rumor type people. Actually, most news sources deal in rumors.
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