Monday, August 30, 2010
CREE stop revision
CREE stop cancelled. I do not recommend trading without a stop, but I have issues here.
Thursday, August 26, 2010
Wednesday, August 25, 2010
Tuesday, August 24, 2010
Monday, August 23, 2010
Market Action 8/23
Last time the market sold off my timing was impeccable and I made a killer gain in SDS and a nice profit shorting CLF. This time around, I've felt the market was ready to sell off but my timing has not been right. This will happen on occasion. Don't beat yourself over small losses that sometimes occur. Keep those losses small and let your winners run. It's likely I'll get back into SDS tomorrow and maintain my PCLN short as I do feel bearish at the moment.
Saturday, August 21, 2010
Joe Dumars
In recent years, Joe has done some good things, and some not so good things, regarding the handling of his Piston's roster. I hear a lot of criticism of the Chauncy trade, but that was actually one of the good moves that Joe made. The Pistons had a very good run of 6 consecutive Eastern Conference Championships, but you have to remember, Chauncy led teams that lost 4 out of those 6 appearances, or twice as many as they won. In fact, when Chauncy was traded, the Pistons had lost 4 consecutive conference finals, and Billups performed anywhere from poorly to miserably in those series. Any successful GM knows, you have to keep an eye on the birth certificates of your players. The NBA as with most sports leagues is a young man's league, particularly at point guard where speed matters. Chauncy is going to be 36 next season, ancient among point guards. Joe essentially traded him for Ben Gordon, who is going to be 28 and right at the beginning of his prime chronologically. Joe traded Chauncy for cap space, the fact that Iverson was involved for 3/4 of one season is largely if not totally irrelevant to the long term direction of the franchise. The cap space that Joe acquired allowed for the signing of Gordon, which was to essentially trade Billups for Gordon. Do you think, given their current ages, any gm in the association would currently be willing to give up 27 year old Gordon for 34 year old Billups? Not likely, and with each passing day of the calender, the idea of such a trade will grow more laughable. Joe maintained talent level at guard while making the roster younger. I give Joe an A plus on this move. Gordon had a nightmare season with the Pistons last season, but given his body of work, and the especially bad Piston's team he was working with, we'll assume his performance was an aberration. The Chauncy trade was a good thing Joe did.
Bringing back Ben Wallace was a good thing. Ben had his highest field goal percentage ever as a Piston and was once again a rebounding force. He doesn't block shots like he once did, but Ben certainly is back to playing well enough to be a very real asset to this team.
Drafting Austin Daye, Jonas Jerebko and Greg Monroe were good moves. Jerebko blew me away with his rookie performance. I see all-star games in this kid's future, you heard it here first. Daye is a project, but his upside is so immense, he's worth the gamble. Greg Monroe was the pick to make at the Piston's position 7th slot in the draft and I have a sense that this pick will be looked back upon as a very good selection, and that he will out perform some drafted ahead of him. I think Monroe will be our most "Laimbeer like" center since Bill himself. I'm talking about a center that rebounds, passes, and has shooting touch. If Monroe plays with defensive intensity, Joe may have a pulled off a coup here.
Finding Will Bynum was a good move, as was resigning him.
Drafting Darko, not so good. Although I must say that the last time the Pistons played Darko, he was one of the better players on the floor that night. Essentially trading him for Rodney Stucky, not so bad. Stucky is without a doubt the most controversial piece of the Piston's puzzle. 16.6 points, 3.8 rebounds, 4.8 assists on a bad Piston's team at age 24, I have to lean positive with this guy. So, Mike Valenti, we will have to agree to disagree.
How about that Charlie Villanueva? I've seen this guy play well with the Bucks, but what happended to him in the D? I'm guessing Joe will get impatient quickly if Charlie V doesn't pick up his effort considerably.
Man oh man has Joe messed up the handling of Tayshaun Prince and Rip Hamilton. I guess we'll never know what kind of trade discussions Joe has had regarding these guys the last couple years, but he is guilty of the worst kind of NBA sin, holding onto players too long and watching their trade values diminish. I've seen Joe bail himself out of mistakes in the past, let's see if he can work some magic.
Lastly, I've heard some grape-vine stuff concerning Joe himself. Rumor has it that Joe is OUT when the new Piston's ownership takes over, that they'll want to clean house and establish new relationships rather than dealing with Ben Davidson era loyalists.I'm hearing talk of Isiah coming back now that the Davidson riff will not be an issue.
Bringing back Ben Wallace was a good thing. Ben had his highest field goal percentage ever as a Piston and was once again a rebounding force. He doesn't block shots like he once did, but Ben certainly is back to playing well enough to be a very real asset to this team.
Drafting Austin Daye, Jonas Jerebko and Greg Monroe were good moves. Jerebko blew me away with his rookie performance. I see all-star games in this kid's future, you heard it here first. Daye is a project, but his upside is so immense, he's worth the gamble. Greg Monroe was the pick to make at the Piston's position 7th slot in the draft and I have a sense that this pick will be looked back upon as a very good selection, and that he will out perform some drafted ahead of him. I think Monroe will be our most "Laimbeer like" center since Bill himself. I'm talking about a center that rebounds, passes, and has shooting touch. If Monroe plays with defensive intensity, Joe may have a pulled off a coup here.
Finding Will Bynum was a good move, as was resigning him.
Drafting Darko, not so good. Although I must say that the last time the Pistons played Darko, he was one of the better players on the floor that night. Essentially trading him for Rodney Stucky, not so bad. Stucky is without a doubt the most controversial piece of the Piston's puzzle. 16.6 points, 3.8 rebounds, 4.8 assists on a bad Piston's team at age 24, I have to lean positive with this guy. So, Mike Valenti, we will have to agree to disagree.
How about that Charlie Villanueva? I've seen this guy play well with the Bucks, but what happended to him in the D? I'm guessing Joe will get impatient quickly if Charlie V doesn't pick up his effort considerably.
Man oh man has Joe messed up the handling of Tayshaun Prince and Rip Hamilton. I guess we'll never know what kind of trade discussions Joe has had regarding these guys the last couple years, but he is guilty of the worst kind of NBA sin, holding onto players too long and watching their trade values diminish. I've seen Joe bail himself out of mistakes in the past, let's see if he can work some magic.
Lastly, I've heard some grape-vine stuff concerning Joe himself. Rumor has it that Joe is OUT when the new Piston's ownership takes over, that they'll want to clean house and establish new relationships rather than dealing with Ben Davidson era loyalists.I'm hearing talk of Isiah coming back now that the Davidson riff will not be an issue.
Friday, August 20, 2010
Thursday, August 19, 2010
Wednesday, August 18, 2010
Tuesday, August 17, 2010
Several Trades
Long NANO 13.83 Stop 13.50
Out KIDT 9.28 +.37
Out NUVA 32.15 +.23
Out S 4.50 +.16
Out ARNA 7 +.13
Out KIDT 9.28 +.37
Out NUVA 32.15 +.23
Out S 4.50 +.16
Out ARNA 7 +.13
Monday, August 16, 2010
Saturday, August 14, 2010
Detroit Lions
Impossible to say just how the Lions' season will unfold. Avoiding injuries is certainly essential to a winning season, as is the development of young talent. The Lions have a bountiful amount of young talent, comparable on paper to any team in the league. Matt Stafford is as physically gifted as any qb in the last several drafts. Ndamukong Suh is perhaps the most highly regarded defensive lineman prospect since Julius Peppers. Calvin Johnson is a once every 20 years talent at wide receiver. Brandon Pettigrew was far and away the top tight end in his draft class, ditto Louis Delmas at safety. Javid Best some argue was the top rb in his class, certainly the fastest. Lions' fans should be in for several years of very good football as the memory of Matt Millen grows ever more distant. Here's to an NFL playoff contender in Detroit, we deserve it! Please visit www.DetroitLionsChat.com
during tonight's and all the games this season.
during tonight's and all the games this season.
Friday, August 13, 2010
Thursday, August 12, 2010
Wednesday, August 11, 2010
Current Positions
My only position currently is AOL short. Cashed in all other trades at a profit. I suspect that the market is heading lower and can always re-establish shorts soon. Smoke Em When You Got Em in effect. Book your profits and trade well from there, with profit in the bank.
Tuesday, August 10, 2010
SDS Revision
31.04 stop canceled. Will now use a 75 cent trailer based on 31.25. No target, will go with the trailer.
Now Bearish
As a trader, you have to be willing to change on a dime and I've done so and might do so again. The market action of the last few sessions is now making me think we are likely to go down a bit from here in a continuation of "range bound trading" that we have been in for several months. I was hoping to break up and out of it but the 1130 area on the S and P seems very resistent. I'm 100% short now and this may be the case for weeks, or maybe just a day or two.
Monday, August 9, 2010
Market Observation
The S&P stands at 1,121 as of this moment, pre-market Monday 9AM. THE MARKET IS PERFECTLY POSTIONED FOR A BIG DAY AND WEEK. No guarantees with the stock market, but at least it looks very good from a technical and fundamental stand point.
Sunday, August 8, 2010
Tracy McGrady
Pistons are reportedly very interested in T-Mac Tracy McGrady. I have to tell you, I've never been a huge fan of his. T-Mac is kind of a Vince Carter imo. Has never won anything, takes too many ill-advsied shots, defensive intensity can be insufficient. T-Mac is however a much better shooter than Vince. One benefit of Joe D brining in T-Mac is excitement. Seeing T-Mac in a Piston's uniform would be fun. Hell, I had a blast with AI on the Pistons. T-Mac would sell tickets at least initially, and continually if his health holds up. He does add a legitimate outside shooting force, something the Pistons are in short supply of. He'll also come cheaply and is still relatively young at age 31. The downside is that he may miss a lot of games due to injury, may not play well when on the floor, and prove to be a disruptive force. I'll trust Joe D on this one and am willing to give the T-Mac idea a try if he is.
Saturday, August 7, 2010
Friday, August 6, 2010
Out SDS
Out of SDS (pre-market) 31 -.11
Trade trending agaisnt me and bulls seem to have the edge at the moment.
Trade trending agaisnt me and bulls seem to have the edge at the moment.
Thursday, August 5, 2010
Several Trades
Tripling position in MED average 30.97 28.99 stop
Out TEVA 50.50 +2.00
Out CTCT 18.79 +.19
Out RICK 7.56 -1.02
Out TEVA 50.50 +2.00
Out CTCT 18.79 +.19
Out RICK 7.56 -1.02
Wednesday, August 4, 2010
Monday, August 2, 2010
Pre-Market 8/2/10
5am est and futures are pointing up. Still holding longs TEVA RICK CISG CLF YHOO AAPL S. ARNA continuing it's huge upward ascent. I've been maintaining a bullish lean during 2010. While many bearish theories are bandied about and stocks have traded in a range for months, I still lean bullish. My primary bullish logic is corporate profits are very good. Say what you will about unemployment figures or European debt, corporate earnings continue to grow robustly for the majority of publicly trade companies. AAPL is on a historic operational pace in this economy and is clearly a leader of this market.
Hoping for a big week in the market and to take some profits off the table soon. Traveling to Louisville Kentucky this week to pickup my new Persian kitty, looking for good market karma.
Hoping for a big week in the market and to take some profits off the table soon. Traveling to Louisville Kentucky this week to pickup my new Persian kitty, looking for good market karma.
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