Cosmic's MarketPlace Wrap - 3/4/10

[cosmic]

Crap crappity crap crap crap. Stupid Poll. These last two don't count Bros. ;D

Bull/Bear was decidedly bearish last night, and I agreed with that. My bias is based on the need for options plays to occur a certain way so this could be wrong... and so far that is the fact. I am biased very long with some short hedge positions (Primarly FAZ short with FAZ short puts).

I didn't make any additions or subtractions today but watched a few stocks intently, including VSTNQ, and that thing has go-go power right now. Wow.

I will have an updated RIFIN chart for the bull/bear post tonight.

Hope everyone made some money today and will do so tomorrow. Regulars, please post your smiles and some stock stuff too

[Dualism]

It felt the bulls were burning glucose anaerobically.

The vacillation in the VIX has dropped off dramatically. It forged sideway mostly to close lower 0.6%.

The overall market breadth was favored by the advancers once again, 3959 : 3206.

The T-bond futures rallied and smacked up against the 119 price level on the March contract.

Closed a few contracts of FAZ Mar 20 calls for .25, and added to April 19 calls for .9
Opened APWR Mar 14 calls for .3
Traded X for a 19cent gain.

A lift of +0.5% today. I still believe the bulls are breathing in high altitude rarefied air. I am looking for minor pullback to the downside tomorrow.

I traded X 5 times in my own account and 14 times in my friend's account. Went short and long. All netted gains. Really liked how it traded. So a well deserved ‘thank you’ to Mikey for his thread on X this morning.

[drtracyb]

What, no one wants to answer the wrap?

Ok, even though I have been punished in the past for buying back in on a penny stock, I finally couldn't stand it anymore and bought more shares of VSTNQ mid-afternoon at 0.78. I do hope they don't zero out the stock before I can get out with a profit.

Lots of you are watching out for me -- I think this board is such an amazing community of people, and I really appreciate everyone's advice, even if I don't follow it sometimes. I pppppromise, I won't get stuck in this one! This time, it'll be different........... (ha, ha, ha) But seriously, my children won't get fed, my teeth won't get brushed, this stock will be watched like a hawk.

Tracy

[drtracyb]

And who has been smiting me?

[ccash04]

got rocked on BIDU puts but held tight. If this thing doesn't fall tomorrow I will look at selling.

volume has been so thin seems like its all retail investors and something big will happen, I didn't do much except i did buy RHT 10 - 35 calls for .05 cents. Hopefully that IBM rumor of a takeover has legs. It seems to make sense.

[torrentio1]

I saw a consolidating market portfolio flat session today.

still look for VIX sub 18.

Hope all did well.

;D

[deadmoney95]

Mar 3, 2010 16:18:28 GMT -5 deadmoney95 said:

Mar 2, 2010 17:42:38 GMT -5 deadmoney95 said:

FAS bagholder here: I happily watched 'er climb over 78, cried as she fell, and then cursed the up/down, mostly down movement thereafter.

My TYH also disappointed.

But still, up a mediocre 1.2% on the day.

I agree with most that some sort of pullback seems likely but . . . just . . . can't . . . hit . . . sell. Sigh. Bagholder syndrome, I guess.

Ditto today, except up less than 1%. Someone stage an intervention

Ditto again, except, surprise, she stayed in the 78's. Up around 2% on the day.
Obviously, will be punished tomorrow, but just . . . can't . . . hit . . . sell.

Hope all did well. Thanks.

[sloop]

MRVL beat estimates and dumped Ah. I bought 6K more....just does not make sense.

[commodityypro]

Only 2.27 points from being right with my Bull call last night.

I was out on appointments all morning and thank goodness for stops as my FAZ holding got taken out this morning $17.15. Just a little scalp but much better than a loss. I was surprised the market didn't sell off more in the PM today due to the jobs report tomorrow. Pending home sales down over 7% from Dec to Jan.. The worse the news the more the market goes up, I'm agreeing Cos.. lol

I think the real reason the market is strating to rise and why I may very soon be changing my tune and going full bull is that I think people are on to the fact that come November, the Republicans are going to win in a landslide all over the country and the markets are liking that. As well, cap and trade seems to be dead as well if this happens so that's another positive. I would like to see one more nice pullback and then I'll load up like the raging bull I was a few years back. lol

GL!

-Commodityy

[maxi]

I spent all day moving my accts to TDA. They are amazing. I am getting everything for free. Plus 100 dollars plus free trades plus 30 days free trades in 2 of the account. (I have 3). I will finally have level 2, real time charts, TOS etc etc. Hell I might even get a job there! LOL!
But there was mounds of paper work. Besides filling it out I had to print it out and fax it.
Oh and if I refer people they will get the same deal as me and I get more free trades.... So PM me if u want to know who to contact to get the deals.. Oh and I do not have a large amount of money. I would not generally have qualified for the free stuff....

[benvestor]

added 17k Spng at avg .042.. all else equal, again.. holding dry powder for vstnq tomorrow might go all in on a pullback and confirmed rise.

Portfolio just about even today, again.

Did try and trade vstnq at .85 and ran for the hills at .81. Dumb. I was going to wake up this am and go all in, but i like sleep and missed out on about 7k profit..arrgg lol..

Holdin- ZLC MVIS DDSS TYH NETL APWR SPNG swing trade status. + dry powder..

Gl all and congrats to all making profit

[ask2lern]

Not much for me today.......................just biding my time waiting for my friend the vix to show up and bit of a pullback.......did stop out of HK for a 12% gain from last week.............Thats all folks..............Exalts for Cos................Live to trade another day...................GLTA

[sloop]

Mar 4, 2010 17:32:42 GMT -5 maxi said:

I spent all day moving my accts to TDA. They are amazing. I am getting everything for free. Plus 100 dollars plus free trades plus 30 days free trades in 2 of the account. (I have 3). I will finally have level 2, real time charts, TOS etc etc. Hell I might even get a job there! LOL!
But there was mounds of paper work. Besides filling it out I had to print it out and fax it.
Oh and if I refer people they will get the same deal as me and I get more free trades.... So PM me if u want to know who to contact to get the deals.. Oh and I do not have a large amount of money. I would not generally have qualified for the free stuff....

i told you they were good.

[exabi]

Held MDVN overnite, expecting a decent bounce, did not happen, made a few pennies, otherwise flat day. Watched PCX, did not buy, still think it is in for more of a drop.

[Rich]

Still short LVS. Didn't like the action. Got a doji with a nice long tail.

Will be watching closely tomorrow. It may go the wrong way and I may have to bail.

Hope not.

[kryptos2009]

Added 60 FEW Mar 20 2010 18.0 Calls @ 0.50

Holding 100 total @ .56 avg

Down on it at this point with the run up at the end of the day in FAS, walkdown in FAZ.....

Hoping we get a sell the news pullback tomorrow or next week to turn this one to a profit or at least breakeven.

GLTA

[brosin]

APWR had a weak day today, but still on light volume so I will call it another consolidation day. Flag on the daily still in tact. Bought some at $13.36. Now completely all in for 1200 shares with a $12.96 average.

Optimistic that it should bounce back strong tomorrow, so I'm kind of excited. We shall see.

Nice work Tracy and Chickenhead on the VSTNQ! I was stunned it still went way up today on still decreasing volume. Still waiting for the dump on heavy volume that I foresee coming, and at that point I may look at it for another trade depending on how cheap it gets.

[alphacpa]

OK, I came into an unexpected windfall today and purchased an additional 1800 shares of MVIS at 2.49. Holding 100,596 shares at 2.365 avg and dry powder. It's been a great week so far, the best since my August run, but all unrealized at this point and we all know that does not count. VSTNQ is making everyone rich it seems. I plan to look at this over the weekend, but likely too late to the party. GL all.

[trading4dough]

No trades Im full bull pull as I have been for awhile

My account is green 12.6% net now

[shipoffools]

IBD end of day Market Recap:

The Big Picture
Indexes Rise, But Top Stocks Show Little Leadership
By PAUL WHITFIELD
Posted 06:45 PM ET


Featured Stocks
ARST * Arcsight Inc DIN Dineequity Inc FFIV * F 5 Networks Inc GIVN * Given Imaging Ltd GMCR * Green Mtn Coffee Roastrs ROST * Ross Stores Inc SXCI * S X C Health Solutions URBN * Urban Outfitters Inc * Top-Rated Company
1"
2"
3" Stocks rose moderately Thursday in mixed volume, as most indexes closed in better form than in the previous couple of days.

The Nasdaq and Dow rose 0.5% each. The S&P 500 added 0.4%. The NYSE composite trailed with a 0.1% gain. The Nasdaq, S&P 500 and Dow closed near session highs.

Volume fell on the Nasdaq but edged up on the NYSE. Market watchers attributed the unimpressive volume to traders awaiting Friday's unemployment numbers.


View Enlarged Image
It was a relatively quiet session for all but a few top-rated stocks.

The IBD 100 was up 0.3%.

Since Monday's follow-through, the indexes have essentially moved sideways. While breakouts have occurred and few have failed outright, only a handful has made much headway.

Those that broke out and added to the initial gain include cloud computing firm F5 Networks (FFIV); Applebee's and IHOP operator and franchiser DineEquity (DIN), which is thinly traded; and Israeli medical-equipment developer Given Imaging (GIVN), also a thinly traded stock.

Breakouts Thursday included thinly traded pharmacy benefits manager SXC Health Solutions (SXCI) and discount apparel store chain Ross Stores (ROST).

SXC roared 15% in heavy trade after beating quarterly estimates on earnings and sales. It also raised 2010 guidance above analysts' expectations.

SXC cleared a base and is now 4% past its 56.30 buy point.

Ross Stores reported that February same-store sales rose almost twice as much as the Street expected. The stock jumped past a 50.60 buy point in volume 29% greater than usual.

Action in Green Mountain Coffee Roasters (GMCR) is more typical of recent breakouts. It cleared an 88.75 buy point intraday Tuesday but closed below it. It did the same Wednesday and closed basically flat Thursday.

Such action isn't a sell signal, but it's indecisive enough to raise doubts.

Other stocks are still in the base-building process.

Retailer Urban Outfitters (URBN) is building the right side of a base. It added 0.94 to 34.34 Thursday in 28% faster trade. The company is showing signs of a potential turnaround. Before Thursday's open, it reported quarterly results, topping expectations.

Earnings leapt 88%, the best gain in at least 19 quarters. Sales rose 16%, the best in five quarters. After-tax profit margin was 13%, the best in at least 19 quarters.

Mutual funds added shares in Urban Outfitters in Q4.

Economic news was mixed Thursday. Results were encouraging on initial jobless claims and on retail same-store sales.

Apparel, discount and other retail industry groups were among the day's best performers.

But factory orders and pending home sales in February were worse than expected.

After hours, computer security provider ArcSight (ARST) plunged 9% after it topped views on revenue but missed on earnings. It has broken out of a cup with handle, but that move is now in doubt.

[DaveContrarian]

Like T4D, in full bull mode. However, for me, that means, I will be selling into strength. So, sold few (really few) shares of AAPL. Until today, 100% of my investment account was in stocks.

I will sell few hundred shares of BAC and GE once we hit S&P 1150, to free up a little bit of cash, and rotate more into energy, retail and industrials. So far, I have been underweighting these in my portfolio.

[DaveContrarian]

Mar 5, 2010 0:07:39 GMT -5 shipoffools said:

IBD end of day Market Recap:

Retailer Urban Outfitters (URBN) is building the right side of a base. It added 0.94 to 34.34 Thursday in 28% faster trade. The company is showing signs of a potential turnaround. Before Thursday's open, it reported quarterly results, topping expectations.

Earnings leapt 88%, the best gain in at least 19 quarters. Sales rose 16%, the best in five quarters. After-tax profit margin was 13%, the best in at least 19 quarters.

Mutual funds added shares in Urban Outfitters in Q4.
...

Didn't I recommend URBN? ;D