DRIV is this stock getting ready to take off?

GM is downsizing 35%. That means this new fleet that's coming has 35% of the obsolescence taken out of it---
The freeways cap the number of cars for sale, period. So, that only leaves obsolescence to take up the 35% downsizing.

2008 Republican presidential candidate John McCain was limited to spending $84 million a year ago when he accepted government money for his fall campaign.
PhRMA's plans said they had been told it would likely reach $150 million and perhaps $200 million.
drugmakers stand ready to spend $150 million to help President Barack Obama
http://finance.yahoo.com/news/Obamas-health-care-plan-apf-1838899054.html?x=0&sec=topStories&pos=3&asset=&ccode=

So you probably forgot--but $84 million wasn't that like 10 ads an hour on TV--and this might be 30 ads an hour--aug break--

Z, Tom O'Brien, discusses GENZ everyday. He is saying that it is a major mid cap which will and has broken it low at 50. He is saying that his A, B, C down metho projects its low at 33. According to him, many other mid caps will follow GENZ.

GENZ 2008 rev's made a 83 high, 2009 -2010 revs are the same to higher, as 2008--I guess yahoo is slow in changing sales forecasts for GENZ--

GENZ eps 5.59 down to 2.81, rev 08-10 are flat--5.5 = 73-83 high / so 83- 45% = 45.6, so you guys might be right--45 might be the new high, and not 51, which puts GENZ down to 39

C same insider bought 1.5 millin at 1.24 noe he got 1 millon http://www.secform4.com/insider-trading/831001.htm

Maybe they are averaging in from 45's

GENZ just loaded up on GENZ 47.7-47.8--I said 48 was the bottom

48 bux could be close to the bottom, it sure has pulled in quite a bit. GENZ was downgraded today from sell to conviction sell with a 44 target at GS due to Cerezyme shortages. Those boys can move stock. As most followers already know, GENZ is also in some real trouble with the FDA. So their future could be largely impacted on the FDA outcome of that plant re-opening in Boston.

Z,

Can you point me in the right direction on this one? I am looking at the charts and just not seeing it. It seem like it broke major support at around 51, the DMI is negative, I see it is oversold a bit but not sure it is oversold enough. Any help would be appreciated.

HD aug 30 puts filled 2.76

KSU--no way does that get to a new yearly high 23.5 at 23.3 now--I'll wait for it to get above JAN high 23.5, before I add more to these puts

HD doesn't have the eps to get to last sept high 29

PCLN grabbed 140 call too inase i am wrong on 120 PUT august 10 is dday sold all C call for 4strike and put some in sep 5 calls
DTG lost all mooney oops

glad i got 140 calls with 120 PUT

PCLN reports on Monday--they have the earnings to top 144, last years high, you'll need them to miss

LOW is above it's upper bb band--I have a longer term target of $26 = 200 day weekly

I'd better figure out target prices for HD and LOW--before I post anymore housing shorts

LEN is above the upper bb band--has to correct either Monday or Tuesday

Monday looks like a 1% pullback on the indexes and then higher highs on Tuesday

I won't be shorting FAS again, until I see GS at 188

traderbean thinks XLF could go to $20--I'm not sure if he was joking with me, or being serious

bought September $5 calls in C at the close

I'm certain even if XLF hits $20 it won't do so without a pullback to $13 first.

IYF could reach 52.9 next week, dumping FAS puts end of day

DRV 3x real estate is at RSI 13--major buy signal, so short --use a 24 stop

be careful with this...REITS are getting squeezed like nothing before.

$43.50 I have as resistance in IYR

Have you looked at IYR weekly? 100 day is 48

SHLD is going to be down on Monday

Added to my FAS puts and DRIV. DRIV I added to this am. Taking a beating today but my wife would just spend it anyway.

Also doubled up on TOL

In some more on TOL--21.8, adding DHI puts, employment report took me to the cleaners, new rule, I have to start avoiding these employment report days

DE, stk alert--hit my upper part of the short sell price---Aug 50 puts filled 4.00--If I start running out of time DE puts AUG, since I'm deep in the money--I can always switch them to Sept 50 puts 2 or 3 days before expire

GENZ is at +7 cts, that's the intraday high, it will pullback--lets see if other stocks will start to pullback 12:59 est, intraday

This guy emailed me, I'm sure he is a nice fellow--he charges 19.95 a month, claims to have 1400 subscribers--emails you 4 to 5 trades a month--makes 47% return in a year--portfolio---
Man, I need this guy to show me how to get the 1400 people at 19.95 a month--

Keep doing what you are and it will happen. I am very happy with what you offer. The information is very helpful.

RIG
Transocean net income falls 24% on drilling slowdown
missed by 23 cts.
http://www.marketwatch.com/story/tranoscean-net-falls-on-drilling-slowdown-2009-08-05?siteid=yhoof
after reading this--I'd have to re-iterate a buy recommendation on RIG
overall, nothing changed, except growth rate lowered to 15% from yahoo's ridiculous 20%

Oh wow--Jeff has a new video-( 8-3)-why don't you people say something?
http://www.optionaddict.net/blog/2009/8/2/trading-addicts-weekly-watchlist-0803.html?dsq=14393199#comment-14393199

ROOF TOP UPDATE: http://screencast.com/t/cUWIj4Mus

Thank you Erikd......nice post...

Rooftop, sprouted a chimney--dang it!

PSA
A conference call is scheduled for Friday, August 7, 2009, at 10:00 a.m. (PDT) to discuss results.
http://finance.yahoo.com/news/Public-Storage-to-Release-bw-3768349325.html?x=0&.v=1
This is what is keeping me from shorting IYR today

FAS Aug 69 puts filled 4.60 for an overnight---overnight says possible 61--so that's a lot of downside to work with

Z,

I responded to the wrong post.

I picked up the Aug 70 Puts @ 5.00. I sold calls on my DXD and QID to hedge my short positions. I am short DRIV, FAS, USO & TOL. I own QID and DXD (sold Aug call options), long gold.

Z, whats ur target for JPM its part of FAS

Someone got the word out on this investment site in CHINA--I have around 1500 visits from there a week

Picked up some myself.

Lots of stocks on my board busted below the middle bb band--some are pushing the lower band lower

GS i missed by 0.06--I said short at 171, weeks ago----it reached 170.94

ISRG down $8 today--I thought it was a goner, yesterday--just didn't have time to post the chart

AEM shorted at 60.65 AUg 65 puts filled 5.10

Longs going into tomorrow's employment report--I'd have to say--you'll , possible to get wiped out! I have GENZ long, closed out AZO long--AZO looks like an up down up pattern

KSS 200 day weekly is 52.6--good short sell signal

It seems like solars are the last sector buyers get into and the first sector buyers leave---I wonder how many upside down V's I can find in solar stocks?

FSLR , ( overnight ) said lower low today-2 days ago, that happened, --possible 140 = lower bb band or FSLR has 200 day support 145

long PG: right down Z's alley here with this one.

PCS....made nice $$$ AM entered @ 8.74...sold @ 9.37....

Have a buy order in @ 8.64.....now way this stock should be @ these levels....missed earnings...FWIW

Moved entry...Filled @ 8.47....

Hi Z,

Keep an eye on NILE. Earnings are AH and is due for a huge move. Has 33% short interest.

GL

watching NILE in AH--nothing happening--CC happening now 5pm --might tank after the CC

IYR: opening around $40.55

short IYR now or wait until $43.50

the big daddy gap is up around $54

If IYR goes over $54 this year I will quit trading and get into the REIT business.

I think the market this morning will give me a chance to start a short position in TOL.

C: closed over $3.50 with enourmous volume yesterday. $4.40 seems obvious.

I thought I would pass this along. The following is from the Chart Swing Trader web site:

"After looking at a few things this evening, just thought I would point out that the latest Investors Intelligence Survey numbers for this week show as big a spread of bulls vs. bears since June 10, which was only one day before a month-long pullback started on the S&P, Nasdaq, XLF, oil, etc. - pretty much everything. Bulls back then were at 47.7% versus 23.3% bears. This week, we have 47.2% bulls vs. 25.8% bears. Not quite as many bulls today, but very close to the spread we had, and regardless of past comparisons, it gives the impression of a very complacent market.+ CST

Nergo, did you unload FCX? will probably retest 45's again, eventually

Yes I did. Sold FCX at 64.30. Finally! I lost $. I bought at about 66 and held FCX for 7 or 8 months or longer. A stupid trade in an IRA account that I did not track very well. I have learned alot about trading since the time I bought it. Many thanks goes to you for my trading education.

I have not posted much but been visiting/reading your site from work. Difficult to post from work ... been more busy overal with work and family. Zee, I hope all is going well with you.

DGX,FAS,FSLR,DRIV,IWM,AZO,AEM,MDC,DE charts are finished--go to the member's area.
Z!

FEI: If you had traded the opposite of Fast Money on CNBC over the past year, you would be up over 85%

LOL ... Are you joking? ... Unbelievable ... What a facade! I wonder what happened to Jeff Macke and Dillinger (the MC guy) ?

for everyone's info---

Today was the first of 4 down days in a row---we'll see

CSCO is toast---
http://www.marketwatch.com/tools/stockresearch/screener/afterhours.asp?siteid=mktw
bringing down everything in AH--

Duuuuuude
Equities climbing while the dollar works lower. Commodities looking weaker as well. I find that correlation curious.

Kemal_1 Completely agree. JPM has reached the max target based on a flag structure break out. 42.xx.

ISRG sept 210 put-5.00--possible 400% gain, I'm pretty sure you can at least get your money back--this is a gap retest play --$200

For some reason I have it worked out where ACL will not reach $140--it failed at 132.5--might be a good price to try a short 132--a lot of downside on the chart

GS wins on 95% of its trades
http://slopeofhope.com/2009/08/rigged-game.html

I like the analysis of TOL. Would you say put a stoploss around 21.90?

TOL, s/l Looks about right to me--Or add more at 21.90

Good point, adding more if it goes to 21.90 may be the better option

XLB down 5% in AH
http://www.marketwatch.com/tools/stockresearch/screener/afterhours.asp?count=25&skip=125&sortd=0&sort=54

STI--LOSER, follow up--STI has turned into a white soldier--eps year to year---isn't that different from When STI was at $30--
So, I have to wait for the first down day---
sort of like CAT---CAT finally had a down day--so that high yesterday--If I see that again--I'll try shorting CAT at that price