{+++}What a market, longs are popping and some shorts are actually still working. It’s getting nosebleedish,but the bulls are charging. The shorts are running scared and the bulls know it. It’s hard to believe now, but the real money will still be made on the short side. In the meantime, enjoy the long side, I’m sure GS and GOOG will carry the baton and bring us even higher tomorrow.
S&P 1100 is still the target as we we eclipsed DOW 10000 today and closed there, I have a newsflash for everyone, 10,000 means completely nothing unless you are a CNBC charlatan that needs something to talk about.
I’ve adjusted stops and I am considering a cover on some shorts so be careful, I will telegraph tomorrow. COCO imploded then popped-take the trade on the breakouts and breakdowns. I won’t post exits on the blog and I do my best to telegraph on Twitter, but your’e on your own on the sellside. I like selling half on a nice breakout/breakdown as a rule of thumb. Profits are precious, and this market will probably correct dramatically during or right after earnings.
Here is a long to watch, I had two intraday breakout alerts today that popped before I could get to the blog, we’re probably near a top, the only thing Greenspan ever said that made sense was “unbridled enthusiasm”.
PLEASE REVIEW ADJUSTED STOPS
| Date | Symbol | Long Price | Short Price | Stop | Action | Result P/(L) | Triggered |
| 9-24-09 | |||||||
| MCO | 23.00 | 22.00 | Sold 1/3 sold 1/3 stopped 1/3 | +2.00
+4.30 +1.00 |
yes | ||
| MHP | 26.19 | 26 | Sold ½,stopped on balance flat | +2.00 | yes | ||
| NAV | 40.31 | 39 | Sold 1/3, Sold 1/3
Sold 1/3 |
+1.30
+3.00 +2.03 |
yes | ||
| QSFT | 16.30 | 16 | Sold ½, sold balance(10-13-9) | +.80
+1.70 |
yes | ||
| SIGA | 8.43 | 7.65 | -.80 | yes | |||
| MELA | 10.50 | 9.50 | -1.00 | yes | |||
| 9-28-09 | COCO | 17.29 | 18.25 | Sold 1/2 | +1.00 | yes | |
| ZION | 17.39 | 19.00 | Stopped ½ flat | yes | |||
| 9-30-09 | YGE | 11.90 | 12.60 | -.70 | yes | ||
| VNO | 63.00 | 65.00 | yes | ||||
| XCO | 19.05 | 18.00 | stopped | -1.05 | yes | ||
| MHGC | 5.60 | 5.20 | -.40 | yes | |||
| 10-1-09 | CALI | 6.35 | 5.50 | no | |||
| CENX | 8.97 | 9.60 | stopped | +.50 | yes | ||
| 10-2-09 | X | 41.10 | 43 | stopped | -1.90 | yes | |
| BAC | 16.02 | 16.80 | stopped | -.78 | yes | ||
| AAP | 37.70 | 39.40 | yes | ||||
| 10-05-09 | EXC | 47.78 | 50 | stopped | -2..22 | yes | |
| JEF | 27.60 | 27.90 | Sold 100% (10-13-9) | +1.60 | yes | ||
| TSPT | 14.35 | 13.50 | yes | ||||
| HIG | 29.05 | 28.30 | stopped | -.75 | yes | ||
| APT | 6.25 | 6.00 | yes | ||||
| 10-7-9 | FCX | 73.43 | 73.00 | Sold half(10-13-9)
Sold balance10-14-9 |
+1.78
+3.10 |
yes | |
| 10-10-9 | PENN | 25.67 | 27.00 | no | |||
| NITE | 23.00 | 24.50 | yes | ||||
| O | 22.85 | 24.60 | no | ||||
| STEC | 25.51 | 27.40 | yes | ||||
| ARST | 23.59 | 21.50 | Sold 1/3 | +1.20 | yes | ||
| FIRE | 23.43 | 21.59 | yes | ||||
| 10-13-9 | X | 40.40 | 42.00 | no | |||
| 10-14-9 | HRBN | 19.72 | 18.90 | yes | |||
| UCTT | 6.95 | 6.30 | yes | ||||
| 10-15-09 | MS | 33.35 | 31.50 |
