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Announcement Archive
May 2009
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An Intersting Article about GM
posted by daytraderockstar
May 31, 2009 7:48 pm
Let me start by saying that I have no GM (GM) position. I sold the last of my bonds today, but may buy some next week. I like the prospects for the "new GM."
The GM that is expected to file bankrupcy on Monday isn't worthless. First of all, it will get some very small piece of the "new GM."
Secondly, GM has lost about $69 per share in the last 3 years. That loss is very valuable. It may be a record for any American corporation. Someone will want that corporate shell when all the assets are stripped away. That someone will want it for the loss.
On a different scale, assume you could buy a $690,000 tax loss for $7500. Every 75 cents buys $69 of tax loss.
Would you be interested? I know I would.
Microsoft (MSFT) should buy the GM shell. Can you imagine the uproar? The GM tax loss for the last 4 years is almost $32 billion. I did the math based on Microsoft's recent earnings and taxes, and the GM tax loss would save MSFT around $9 billion in taxes. At today's close, GM has a total market value of less than $500 million.
Remember Penn Central? Lots of losses. It is currently owned by an Ohio insurance company, Carl Lindner's hedge fund. He is one of the richest people in the world.
So, maybe all those smart talking heads on TV (like Cramer) who think that only stupid retail investors are buying GM will be surprised at the ultimate outcome.
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Test
posted by daytraderockstar
May 28, 2009 10:31 pm
Just a test of some new features
Short entries added to watch list
Stops added to Watch list
Automatic refreshing of announcements and quotes
Music Artist and Titles are now show when music is playing (after you sign in by sign in field)
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We will Hold this Flag?
May 28, 2009 8:12 am
Watch a break down of 879.61 for weakness that can lead us to 865 (50 ema)
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10 for 1000 Watch list Released for week of May 25th
May 26, 2009 12:09 am
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CME
May 25, 2009 7:44 pm
CME is on the march to 325.
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Buy in May and stay?
May 25, 2009 12:43 pm
Buy in May and stay?
Investors show signs of confidence as stocks close in on three-month rally
By Nick Godt, MarketWatch
NEW YORK (MarketWatch) -- Investors, albeit with some hesitation over the past two weeks, have continued to push the market higher in May, a sign of confidence in the nearly three-month rally as we head into Memorial Day, which typically marks the start of the slow summer months.
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NEM
May 22, 2009 12:18 am
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Traders comein all Shapes and Sizes
May 20, 2009 12:29 pm
Here's a big Gold Trader and other "Special Commodities"
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PCX
May 20, 2009 9:04 am
Liking for PCX for a move today, coal looking good lately, I see a 10.30 trigger here, The weekly looks great as well.
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VIX
May 19, 2009 9:53 am
VIX volatility index moves below 30 for the first time since 9/19/08 - according to CNBC, historically the S&P has gained an average of 3% and 6% respectively over the 3 and 6 months that follow a crossover below 30.
- the peak in late Oct was at 89.53. 5/19/2009 9:48:58 AM -
Goldman Sachs
May 18, 2009 11:57 am
GS has been very strong, I like it on previous brk-out support of 131, 50/200 cross, maintain a 145 target, in this from 128.
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Drink of the week
May 18, 2009 12:42 am
Washington Apple
2 Oz. DeKuyper Sour Apple Pucker
2 Oz. Crown Royal
2 Oz. Cranberry Juice
Directions:
Pour apple pucker and Crown Royal canadian whisky into a highball glass filled with ice. Add cranberry juice, more to taste if desired, and serve. Very sweet drink hits you when you least expect it. -
10 for 1000 Watch list Released
May 18, 2009 12:00 am
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Falling Wedge Example
May 17, 2009 10:42 pm
Here is a great example of a falling wedge pattern that was traded on the site this past week, Click on chart for notes on entry and pattern recognition
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10 for 1000 Watch List Released Tonight
May 17, 2009 11:11 am
10 for 1000 Watch List Technically set up for the week to make a move to generate $100 based on entry and profit projection. Watch List focused on swing traders who want to generate $500-$1000 per week. Included are buy point, sell point, share amount and stop loss exit area. All the work done for you, a comprehensive trading set up for the week sent out every Sunday night.
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Barron's Summary - Cover Story
May 16, 2009 12:15 pm
Cover Story notes the burst of US Govt Treasuries bubble, as 30-yr yields rise to 4.10% and 10-yr yields recently test 3.30%'s. Cites expectations of economic recovery, improved performance of credit markets, and rise in equities resulting in Treasuries entering "bear market" as fixed income bullish enthusiasm shifts to corporates, munis, and mortgage securities. Going forward, sees Treasuries remaining "unappealing" based on "low historical levels", along with record budget deficits and ambitious fiscal stimulus program. Quotes PIMCO's El-Erian urging investors to get out of Treasuries and forecasts 10-yr yields reaching 4% and 30-yr bonds reaching 5%. Recommends ETFs TBT (UltraShort 20+ yr Treasury) and TIP for inflation protection.
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Congratulations to todays Contest Winner
May 15, 2009 11:55 pm
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5/15/2009 9:44:51 mtber 878.50 .
5/15/2009 9:12:42 paulson 879.00 .
5/15/2009 9:11:30 WOODS 881.25 SPX Close for .
5/15/2009 9:44:09 PistolPete 882.00 5/15/2009 .
5/15/2009 9:58:08 araise 882.52 882.88 .
5/15/2009 9:10:11 garyo 883.00 <---------- .
5/15/2009 9:09:50 wjshan 883.75 .
5/15/2009 9:47:03 miketrading1 884.00 .
5/15/2009 9:10:41 lucky78628 884.13 -
S&P Cash Closing Price Contest
May 15, 2009 9:18 am
http://dtrs-sp.blogspot.com/
Enter todays guess here and closest wins Prize to be announced around 1pm
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Swing Trade Alert (KFT)
May 15, 2009 12:00 am
KFT is a stock i recently sold for a 4 point gain off a nice extended base, We popped to the 200 ema and now have pull back slightly,but showing relative stength vs. the market. I am looking for this to re continue its move up possibly starting tomorrow (Friday) but more likely Early next week, But will consider starting position tomorrow ..See chart for buy triggers
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PRU going to 45
May 14, 2009 11:25 am
High a few days ago was 46.39, I think PRU can get to 45
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What will happen in the future? Are we at the end of a rally from a "generational bottom"?
May 11, 2009 12:37 pm
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SPX
May 10, 2009 3:18 pm
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$COMPQ ABCD correction
May 09, 2009 11:22 pm
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Health Care Sector Rotation
May 07, 2009 11:40 am
As posted a few days ago, We are seeing now the nice rotation of traders getting into the health care stocks, Pattern that set up across the board were very bullish and now stocks in that sector are breaking out, Take a look at the Spdrs ETF on health care XLV and you can see the consolidation breakout. Stock in play are..
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I re-iterate for the 10th time we are in a fragmented bull mkt NOT a
May 07, 2009 9:04 am
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YRCW
May 07, 2009 8:19 am
I can see more of a squeeze here, great looking chart. See chart for notes.
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Swing Trade Set Up NDAQ
May 07, 2009 1:13 am
Nice falling wedge pattern forming we closed above the 20 ema on Monday which gave me a buy signal. Click on chart to see buy triggers.
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May 4th is the 2nd trading day of the month
May 05, 2009 8:01 am
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SPX hitting 898
May 04, 2009 11:07 am
Awesome bullish tone to the mkt today, looking at an RSI pop up through the wedge, a bullish MACD cross, higher lows Stochastics. Let's see if we can push through 898 here, next target is January highs of 943.
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Next Sector to move this week
May 04, 2009 10:59 am
Seeing a great set up across the board on health care, These stocks include JNJ, PFE, ELN, ABT
ABT especially looking prime here, Holding its downward wedge pattern and a gap up and furthe push today could be the beginning of a sustained move in this stock, I have a target of 47 which is not even a measured move out of the pattern
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POT wants 100-110
May 04, 2009 9:22 am
Took an entry here in PM , 300 at 91.70
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Kick Ass Trade of The Week "RACK"
May 04, 2009 12:49 am
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Gto SPX chart
May 01, 2009 12:57 pm
Pushing on 876 all day, feel as though it will be captured.
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Falling Wedge in S&P 5 Min Chart
May 01, 2009 11:10 am
S&P breaking out of a falling wedge pattern on 5 min chart Hittinmg resistance here @ 872
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