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Happy New Year!

tradervic — Sun, 03 Jan 2010 20:06:50 0000

To all: Have a healthy and profitable new year!

A Bears Treasure Chest

tradervic — Fri, 11 Sep 2009 22:20:22 0000

This is the ammo that the bears will use to justify “the big selloff”.

1) National debt too Large!

2) Unemployment rate spiraling out of control ie..breaking 10%.

3) Just heard this one today…Iran.

4) I’ll throw in North Korea for the hell of it too.

5) Commercial Real Estate Market implosion.

6) The US Dollar getting punked.

7) The swine flu or a capitalists migraine so dubbed by Ice-T.

8.) The charts tell me so…die SPX, die.

9) Hey easy on the froth up here.

10) DJ Inflation coming back for another spin.

11) Get the paddles…I think Joe the consumer just flatlined.

12) October surprise? Give me a break…didnt know we had elections this year.

13) Sell Wilson, Sell….the VIX is scary….how crazy is that?

14) Oil is going to $200 as soon as China puts a car in every garage in the next 6 months.

15) Foreclosures, credit card defaults spiking.

16) No more new homes shall be built in the 48 contiguous states.

17) BIGFOOT has been spotted in a Santa Suit…run!

The hedge funds and other market suspects have gone ridiculously negative ignoring ALL positive news…hell they have even declared the recent rally “Greatest Bull Market Ever”….did we forget the dot com bubble?…how can you even compare? Thats insane..its a waste to time to listen to the media shaping the news by inviting all the usual yahoo’s from Jellystone Park on. Do you really expect them to say anything positive?

Conviction

tradervic — Thu, 10 Sep 2009 20:04:03 0000

Thats the stance that many shorts or people sitting on their hands have about the impending correction thats gonna happen soon. It is not a matter of if, but when. I have never been good about timing corrections and I wish the best to all who try to by fighting the market tooth and nail picking up nickels in front of a bulldozer. When the market breaks for the down, I have cash to participate….but I will not give up the gains to be had going up.

Tech is “truly” BACK!

tradervic — Wed, 09 Sep 2009 20:57:58 0000

Texas Instruments (TXN) just raised guidance!

No Positions

Random Ramblings on 09/09/09

tradervic — Wed, 09 Sep 2009 20:09:44 0000

There are a group of traders/investors/journalistas out there that feel that every tick up in this market is suspect. They can always find a billion and one things wrong with the world to prove their point….well bad news has been with us from the beginning of time and will always be with us. I find it much easier and profitable to run with the bulls when they are stomping instead of trying to place contra bets against the market all the way from 6500 to 9500? Thats an almost 50% move up and it does seem lofty, but remember the market fell from much higher levels.

The bears will eventually be right as a broken clock is right twice per day. But because of the upward velocity of the market, the bears have been placing small bets to hedge themselves….so when the “BIG” day does happen, they wont have enough “on” to profiteer from.

The rose colored glasses are in my desk draw…I promise. There are a whole bunch of people who think the bulls are delusional…case in point — Cramer. Oh, “he is a snake-oil salesman”, “the eternal optimist”, “never met a stock he didnt like”…but it all comes down to PnL (profit and losses)….and he will be in the positive column this year, bigtime.

Over the years I have learned the hard way not to go against a market and trying to front run it by going contra leading to insolvency. My point is “make hay while the sun shines” and quit complaining about froth…you wanna see froth, go check out Amazon’s (AMZN) or ebay’s (EBAY) graphs from 1999 - 2000.

Disclaimer: No Positions above. This post is merely to present an idea and not to try to persuade you to buy/sell any security within. Please do your own Due Diligence BEFORE making any trades.

Tech is back!

tradervic — Sat, 05 Sep 2009 04:28:05 0000

As we head into the labor day weekend one can only imagine what is in store for September…a traditionally brutal month for the market. No more excuses of light volume, fake rallies or impending doom based on a one-day pullback. My bets for the rest of the year are on technology. One such name is Nvidia (NVDA) - $15.11….this stock has been a stray dog. It finally broke above 15 which should give it some momentum to march higher as the holidays approach.

Why do I like like Nvidia or tech for that matter? Its that time in the tech cycle for system upgrades to Windows 7 and new hardware. Now NVDA chips aren’t in every unit sold, but it should get some pin ball action. As always do your own DD.

Disclaimer: I am LONG Nvidia (NVDA) stock as of the posting date of this article. This post is merely to present an idea and not to try to persuade you to buy/sell any security within. Please do your own Due Diligence BEFORE making any trades.

Jellystone Park Fiesta!

tradervic — Tue, 01 Sep 2009 23:53:42 0000

Wow, it is just crazy to see the amount of worry warts, practitioners of doom and end of the world theorists out there tonight…it is simply amazing. They are worried about things that will “doom” the country…national debt, bad banks, china putting its wallet back in the pocket, the consumer on life support and a housing crisis that will drive the american populous to tent cities.

I am not writing this article with rose colored glasses, but really people…when was the last time you heard “good” news on TV. The media loves sensationalism and the market going up every day is not sexy…they love a crash. Funny thing is, every rally from Dow 6500 has been fake and frothy and now the first real selloff we have had in a while spells the end of the world. I do expect further slippage, but c’mon…if you listen to all these fund managers that have underperformed the indexes spew venom, you will buy gold bars, build a bunker and buy munition. Wow….Grrrrrrrrrrrrrrr time!

They got what they wanted!

tradervic — Tue, 01 Sep 2009 16:28:08 0000

Well the ever negative media and all the fund managers who got left behind are finally getting what they dreamed about…a very nasty down day. The true test will be how severe this will get….I just say they are shaking the tree and the weak fruit will fall first…btw, is Wells Fargo in trouble? Give me a break!

They know nothing!

tradervic — Sat, 29 Aug 2009 00:35:51 0000

The journalistas have got it all wrong. Why do we “have” to correct? I mean who made the rules? better question is who follows them? I am not being a perma bull, but I just cannot understand the daily calls of the media for the market to implode….”oh my, too far too fast“…”double dip recession is around the curve“…”all the buyers are in“….oh and the best one…”the volume is light, just wait till everyone gets back from vacation after labor day“. Are they nuts to imply that only the “bears” are on vacation at Jellystone park with Yogi and Boo Boo? and why the hell would they be on vacation in the first place with the market up 3000 points from the March lows. I don’t know about about this chatter, but I would not be on any type of vacation after getting ripped by an almost 50% up in the market.

The second question is…”is the 1999-2000 dot com bubble all over” — ABSOLUTELY NOT…I lived it…on a good day the average stock moves 2-3 points at BEST. Back then you had stock’s swing 20 plus points a day. I just say as the market goes up scale out and scale in as opportunities arise….but if you are waiting for the big collapse….that’s not a strategy, its trading on hope

I think tech is shaping up to rip into the holidays…get your tickets early, ladies and gentleman! ….do you own DD and have a wonderful weekend.

Researching my next move

tradervic — Thu, 13 Aug 2009 18:23:41 0000

Busy researching the next move! Energy sector looks attractive…