DISQUS

DISQUS Hello!  The comments on this profile are unclaimed and thus are unverified.

Do they belong to you? Claim these comments.

Jack Sullivan's picture

Unregistered

Feeds

aliases

  • Jack Sullivan
  • Jack

Jack Sullivan

il y a 7 mois

in Flipped To Long on StockRake
If you go back to the charts from the great depression you'll see there were successive spikes up but the trend was consisently down. I got burned bad too betting on the short ETNs this past week. I still am in. However come Monday I'll throw in the towel as well if we see more upside. That will be a painful day indeed

il y a 7 mois

in Pretty Nice Day Today on StockRake
I expect we'll see some profit taking today. Maybe a 3% drop in the first 45 minutes and then a choppy move higher. I squared my SSO position with an excellent gain and but will buy into it again on the expected dip today. I'm thinking of taking a mid to long term position in OIL, ERX, DIG, DJP etc... as well. I think OPEC has pretty much adjusted their production levels and oil should move up as excess oil reserves are reduced.

il y a 7 mois

in Went Long End Of Today on StockRake
About an hour outside Bangkok. You're right..this place is fantastic. I get a massage once a week...great stuff. Nice rally we got going....I'm back in black.

il y a 7 mois

in Went Long End Of Today on StockRake
Now I'm happy...I'm in Thailand so the initial start to my day was not promising. Should be a good day. US Markets open in 2 hours and long ETF's are looking to gap up. You seemed to have timed it perfectly....I was a day early.
1 reply
StockRake's picture
StockRake Where in Thailand? I love it there for what little time I had there that is. Foot massages everyday :D.

il y a 7 mois

in Went Long End Of Today on StockRake
I'm a little concerned about staying long. Asian bourses are all down at their opens. Futures mixed but I was expecting clear indications of a higher open. Might be a bull trap.
1 reply
StockRake's picture
StockRake Check again.

il y a 7 mois

in Cashed My Index Shorts on StockRake
Noted and agree...I think I'll bulk up on my longs and see what happens monday.

il y a 7 mois

in Cashed My Index Shorts on StockRake
I was long SSO Thurs and paid dearly for it...was actually up about 4% at one point but didn't cash in or even stop loss. Stupid I know... well all I need is a 5% jump in the Dow and I'm square. I'm hoping and praying for a rally because we're already at the level I thought would be a bottom (just a few weeks early)
1 reply
StockRake's picture
StockRake A bear market rally is right around the corner. If we 2002 lows today and VIX spikes and makes a new high. You can bank on it.

il y a 7 mois

in Capitulation on StockRake
I'm still long. Put my money up yesterday and escaped (just barely) with the slimest of gains on SSO in the final minutes of the trading day. Today I'm going in again expecting the bulls to charge. I'm watching SSO, MVV, UWM and MOO and will try to catch a good entry point. Longterm I'm still bearish and I'm just trying to make a little money on what should be a bounce rally

il y a 7 mois

in Capitulation on StockRake
I'm going long today. Been going with SKF for the past 2 days (but just in and out daily for quick small gains so don't think I made a fortune)....The market cannot just fall so far in straight line. We are overdue for a rally...then down to a bottom ...SP 650 ; DOW 6500 ??? Probably so.
1 reply
StockRake's picture
StockRake It probably seems like I'm getting short at the exact wrong time, but we made new lows and took out some major stuff...I'll be long when the market says so.

What happened over the last two days confirmed that the long side is porked (not like the last 35% slide didn't already), but the last two days specifically said the fear is coming. Fear hasn't arrived apparently.

Market hasn't bottomed/reversed on Wednesday either lately. Today and tomorrow be careful. Then maybe if those weekly divergences hold, long time for a short while.

il y a 7 mois

in Selling The US Dollar Here on StockRake
I agree...I'm selling the dollar also and buying gold.

Re US Market...We might get a rally as high as 950 - 1000 next week on the SP 500 but I see an eventual decline to 750 as a bottom.

I have strong concerns over Ireland's economy....anyway to profit from that ??...ie inverse Ireland fund ??
1 reply
StockRake's picture
StockRake You can short Irish stocks. IRE is one and more.

il y a 8 mois

in A List Of Crap Stocks That Will Pop So Huge In Relief Rally on StockRake
What do you think of CT...does this co. fit into this grouping?
1 reply
StockRake's picture
StockRake I don't think its as similar as the stocks I've listed. The ones I've listed typically bounce huge because the momentum crowd plays them. I haven't seen CT ever before and I appreciate you bringing it up. I always enjoy finding symbols I've never come across in searches before.

REITS typically don't have the kind of momo that the momentum players like.
Returning? Login