- Overview
- Portfolio
- Trading History
- Opinions
- Compare:
dirtyharry's Recent Activity
-
2 hours ago
Commented on “im still bullish”
dirtyharry: “I'm in no position to argue EW. If I never heard of it, my opinion would be there is going to be consolidation at 875-880, followed by a hard break down to 810-820.”
-
3 hours ago
Commented on “cost basis manipulation for newbies”
dirtyharry: “"...so what to do when it may be turning south???" For the average investor, just go to cash and wait it out for the next buying opportunity...... Why stay exposed? If you bought well in the first place you should be up and take your profits right the...”
-
4 hours ago
Commented on “im still bullish”
dirtyharry: “I tend to think we will break down as well, but there are many Eilliot Wave people there that say there is one more final leg up in the market - a push to 989. I am not an EW guy so I really don't know, but if enough people watch it so that alone could i...”
-
4 hours ago
Commented on “im still bullish”
dirtyharry: “Agreed - but I thought we were heading there whether we closed above 900 or not...... That's going to be the major pivot area......”
-
5 hours ago
Commented on “cost basis manipulation for newbies”
dirtyharry: “But if we're that clueless, we shouldn't be trading. I may not know unemployment rates for China, but I do know that the U.S. has lost a million jobs since the March 9 bottom. Now you tell me: What do you "predict" this will do to earnings? Is it real...”
-
7 hours ago
Commented on “cost basis manipulation for newbies”
dirtyharry: “Right..... this is all assuming a bounce..... and on the flip side at the market risen, you would not have been fully invested and you would have missed out on the gains. I've read a lot about this, and while it certainly can work for a day in terms of...”
-
7 hours ago
Sold EDZ (Emerging Markets Bear 3x Shares) @ $14.17 | 51.5% of portfolio.
Gained 9.84% | Held 1 days.
-
7 hours ago
Commented on “im still bullish”
dirtyharry: “I'm waiting for that 875-880 level too. There may end up being some sideways action / consolidation there. Whichever way the market moves from there, I believe will determine the general direction for awhile.”
-
7 hours ago
Sold VXX (iPath S&P 500 VIX Short-Term FuturesTM ETN) @ $71.21 | 37.9% of portfolio.
Gained 6.32% | Held 1 days.
-
Yesterday at 9:06PM (EST)
Commented on “Micro vs Macro (Penny Stocks vs Old Guard)”
dirtyharry: “I'm well aware of this, which is why I've always avoided them. Still, I can't dispute my findings. They have worked out very well for me thus far. I'm still scared but if it makes money I'll get over it.”
-
Yesterday at 6:41PM (EST)
Commented on “Micro vs Macro (Penny Stocks vs Old Guard)”
dirtyharry: “I've always been the anti-penny stock guy, until now. When I review my performance from 2008, the bottom line is my value stocks failed. The fell, and fell hard. It didn't matter what their cash position were, and it didn't matter how profitable they ...”
-
Yesterday at 4:53PM (EST)
Commented on “Stocks future points high”
dirtyharry: “Elliot Wave people are telling me one more leg up to about 989, then the big drop. The head and shoulders would suggest the drop is coming very soon - perhaps next week. I don't know which to believe, but what many do agree upon is that 875-880 is a key...”
-
Yesterday at 4:47PM (EST)
Commented on “Stocks future points high”
dirtyharry: “We have a big Head & Shoulders forming....with earnings about to kick off. With 1.5 million jobs lost in the last 3 months, I question whether or not we go straight up from here. I wouldn't be surprised if there is one more leg up, but I think we would ...”
-
Yesterday at 1:43PM (EST)
Bought VXX (iPath S&P 500 VIX Short-Term FuturesTM ETN) @ $66.98 | 38% of portfolio.
-
Yesterday at 1:23PM (EST)
Bought EDZ (Emerging Markets Bear 3x Shares) @ $12.90 | 49.9% of portfolio.
-
Jun 30 at 1:23PM (EST)
Sold EVEP (EV Energy Partners, L.P.) @ $18.55 | 10.5% of portfolio.
Gained 1.92% | Held 6 days.
-
Jun 30 at 1:13PM (EST)
Commented on “End of Month Reversal?”
dirtyharry: “We migh have a small H/S pattern forming, with the right shoulder about to swing down. If 880 breaks, look out below....”
-
Jun 30 at 1:08PM (EST)
Sold TNK (Teekay Tankers Ltd) @ $9.18 | 10.5% of portfolio.
Gained less than 1% | Held 6 days.
-
Jun 30 at 1:04PM (EST)
Sold SSRI (Silver Standard Resources, Inc) @ $18.74 | 10% of portfolio.
Lost less than 1% | Held 6 days.
-
Jun 30 at 1:04PM (EST)
Sold NRF (Northstar Realty Finance Corp.) @ $2.82 | 11.4% of portfolio.
Gained 10.59% | Held 6 days.
“Make Your Own Rules„
After the recent market blow up several things have become clear: The old rules are dead and value is dead. Excellent companies are punished for no reason, while junk companies soar on "negative earnings" and pure speculation. It's not the first time this has happened and it won't be the last - but it's the last time I'm going to get burned in the chaos.
I have changed my approach as of May 2009 both here and in my personal portfolio. I now seek neutral spread trades that profit whether the market goes up or down. These are the types of trades that don't care about the madness that's going on around them.
I will still go long stocks, and short from time to time using ETFs. However, the main trades are going to be large spreads that are seeking 3% - 6% gains in a 3 to 14 day trading window. This is now achievable in a regular equities trading account using both leveraged and unleveraged ETFs. Sometimes severely depressed issues will be purchased as well on the anticipation of a sharp market recovery.