Trade Alert: Short-term Market Top

We are betting on large swings in the market going into the end of the year. We have aggressively been purchasing TVIX today. Our cost basis is $9.09. This is the best formation we have had all year in this ETF. Check emails for report.

GROUPON: Trade Alert:

We sold today for $10.31. Why? When you are up 14% in 5 trading days and your trucks are loaded to the hilt on full margin, you cash out! It was one of our best profits of year (70,000 Cash Units and 140,000 Buying Units). We love the story and we are good at trading it. One of our golden rules is to find stocks that you can trade them as if you are the market maker and collect the easy money. We will look to rebuild our position in this stock as quickly as possible once this rapid gain consolidates again or stabilizes. Check emails for report.

BUY ALERT: Groupon!

We had the trucks all backed up for Tesla and decided to use them for Groupon yesterday. We loaded up at  $9.11. It was not our intention. We were waiting for our price on Tesla and we just could not help ourselves. We love the story and we love the technicals. Check emails for full opinion.
Target continues to be $16/share.

When Atlas Shrugged - Tesla

The trucks are backed up and ready for loading. The question becomes the price to pay for the shares. We already have our entry point picked out. The stock is still in the hands of the shorts. I have both driven and sold many electric cars. I can tell you that consumers love them and Tesla is years and years ahead of the auto industry. The auto industry pays billions to media in advertising dollars and to political groups. This creates the scenario Ayn Rand wrote about one of my favorite books. The question is - how much short-term damage can they do? Let's just say that we have not purchased a share yet;)

Who is John Galt?

Better than expected!

 This is turning out to be the trade of a lifetime! Our computers stopped us out "flat" on the Tesla trade. This is awesome! The Pros have hold of the stock. Great chance at backing up the truck! Check emails for targets. This is going to be one of Stock's many legendary calls;)

Three-Card Monte! The Tesla Trade

While everybody seemed to be distracted by The Twitter IPO, Tesla reported fantastic results. The Momo guys sucked the speculative money out of the best companies to "Flip the Bird" ( Get in on the Twitter trade), throw in some dramatic BS car fire headlines, and shake the tree. This left Tesla Stock as an absolute bargain. We are backing up the truck on Tesla during this entire shell game. Started loading the truck today with shares at $137. We will be buying as much as well can no matter how low the momo's swing it. Our 12-month target is $240/share. If people have a problem with our valuation, they can tweet about it.

P.S. The full details of our analysis have been sent to client emails.

Trade Update: Groupon

We sold today at 9.48. Not worth the risk. Market trend has been to sell the news. We will stand aside. Who are the idiots buying twitter?

Trade Udate:Jumping on Groupon! Again!

We are trying to accumulate as much GRPN as we can. We mentioned to readers we were buying the stock today at $9.17. We were going to wait for $8.85; however, we now think the stock is going to pop huge after they report earnings on November 7th. We will try to buy more before the cat's out of the bag. Their new website and 5th year anniversary are going to be great! Love the new talent they hired earlier this year! They are shaking things up!

Red Flags

We just noticed a couple more Red Flags. The Dow Transport Index has pretty much peaked, Skew Index is at dangerously high levels, Volatility is at dangerously low levels, the holidays are coming up and portfolio managers need to lock in their bonuses, and The Nasdaq is at a "Trader's Must Take Profits" rule level. 

Only the greediest are left at the table -you know the old maxim:" Pigs get slaughtered". If you haven't made enough money in this market by now, you are doomed to losses.

Word on the Street

Short-term market top is here - take profits before others do;)

Current State of the Market

The Big Tech earnings pop is about over. Apple got no love, Facebook is next to report, then finally Tesla. We are currently 2X's long the volatility. The fear gauges are all at record lows. Not much more to play before the holidays. Portfolio Managers are just dying to lock in their gains and more importantly...their performance bonuses! We are betting on some selling; however, we are tracking Tesla and Groupon for potential trades. Check emails for research and trade strategy.

No Guts:No Glory!!!!

Another "failed-to-pull-the-trigger" event! This one hurts! Yesterday we were looking at the Google October 950 calls at $1. Our computers showed a double-bottom and earnings event scenario. We looked at it for an hour. Our computers gave it a 70% chance of success; however, it was a win or lose all. We passed. Had we pulled the trigger, we would have made 60-times our money in 24 hours!!! That is right...60-times our money. The options would have been worth $61 in one day. I am devastated. It doesn't matter whether anyone believes us or not. We were there with our hand on the trigger and we froze. Let's put it this way...for every $1000 we bought...we would have gotten at least $60,000 today. This is not the first time we were there and froze. The good news is that we are there. The bad news is that we freeze. Note to self: Gamble a little!! We will be there many more times, the question is: Will we continue to freeze-up? Aaaaaaarrrrrrrggghhh!!! Too devastated to continue this post right now......more later.

Trade Update: GRPN

We sold today at $11.20 for a 5% loss. The traders got hold of the stock and pushed it to $9.88. Our position was too large and made us a little nervous. The stock is drawing too much negative attention for our tastes. We were quite surprised by the quickness of the selling and prefer to step aside at this point and see how things shake out. Stay tuned.

Trade Updates for Thursday: TSLA , GRPN

Well, it looks like we jumped off Tesla just in time. We sold at $194 on Monday. It turned out to be perfect timing as the stock has plunged to the low 170's the last few days. Our decision was more a matter of instinct than anything else. We knew the stock would get hit at 200 bucks and we just cashed out a little early to avoid the rush. Good thing we didn't get greedy!

Our Groupon trade was looking so good this morning that we plowed our Tesla profit into maxing out our position. They hired some great talent from Amazon and other tech marketing and operations types. We loved this news so much we thought about bringing in some reserve capital and margin the hilt out of it on buying more. We did max out the current accounts and decided to not get too crazy. Good thing! The stock faded to $11.30 at the close and our basis is about 55 cents higher. We are going to attribute it to the general market weakness and political bickering. The company specific news on a fundamental and strategic basis is just fantastic. These new guys and gals they picked up are heavy hitters. We continue to believe the shares are worth 16 bucks by the end of the year. We may have to trade around our position if the market continues to weaken because of the size we have acquired. Let's hope not.

Stockspeare

Surfing the Wave....

We coninue to ride the TSLA and GRPN waves. Do we think about the valuations? Yes! Does it matter? Not yet! Stay tuned........whoa hossy!

TCM Revived and Rockin!

Apology: We have been really bad at keeping this public blog going this year. A small circle of our private clients have been in the loop; however, we really didn't start posting until 3 months ago.

Update: We have revived our accounts and been rockin the house so far! Our private clients and TCM have been in the zone. We changed our strategy by incorporating some elements of Fantasy Football strategy into our trading programs. We are utilizing the same technical trading programs; however, we discovered by tweeking the useless information from the financial media and fusing it with some Fantasy Football strategies, we can make more money. Sounds ridiculous...right? We thought so too until our small amount of  "seed money" for the program is turning into a much larger account!

What we been doing: Trading TVIX, F, TSLA, and GRPN. We started with TSLA at $108 and GRPN at around $9, and  F at $12, TVIX has been a scratch.

TCM2013 ATL is up 73% YTD.

Check emails for updates to today's activity.

TVIX Redux

As our email subscribers know, we played TVIX again this week. Our Buy stop at $4.28 was hit and we sold it 2 days later at $5.06. Our bet was that volatility would spike to the 16 resistance level. check emails for new plays. We arte tracking Ford right now. Stay tuned

Sold TVIX at 5.13

We dumped the trade for now. Check emails for details.

All-in on TVIX

We have been discussing playing the volatility trade for the last couple weeks. We have accumulated a large position in this bet over the last week. Our cost is 4.87. One thing that can happen is that the volatility and the market can go up at the same time. It is the end of January and all the mutual funds may be burned out of buying. We are expect a sharp increase in volatility. Our technical systems are indicating a very high probability of a pattern change.

Bought TVIX at 4.86

2013 Trading Tip 1: Increase Trading Results!

Tip: You can increase your success and profits by not trading  all the time. You have to ask yourself if you are addicted to the action or are you are really seeing that many opportunities. Like in Poker, you don't have to play every hand. Great traders and poker players know when to bet, fold'em, hold'em, or walk away. Learn to track trades and wait for the right timing. You will increase your odds and increase your profits!

- Stockspeare 1:22:13

Trade Results YTD

1.  FB (FaceBook) bought at 25/ sold at 31.75
2. MGM bought at 9.25/ Sold at 13

The Comming Volatility Trade!

Money is moving into volatility trades, Over 3 billion dollars flowed into volatility funds by the end of 2012. The Volatility Index is hitting almost a 6 year low, and the contracts may worth much more that the prices indicate due to heavy selling... when these things move, they move fast. We will be buying some tomorrow and double up shortly with full in by Dow 14,000. Check emails for securities slection and trade points.

Sabbatical?!

Yeah...after trading for 20 straight years, he got bored with the markets and wanted to check out other interests. He went into the automobile industry selling new Nissan vehicles and loves it. The "Call of the Markets" brought him back as part-time participant. Now he can make money selling vehicles and trading it in the markets. Two passions!

Btw....New car sales are booming! Hmmmmm.....trades?

Stockspeare and his HAL3000 computer are back!

HAPPY NEW YEAR! WELCOME 2013!......After an 8- month sabbatical, Stockspeare and The Magic Trading Computer are back! They started off before the new year  picking up Facebook (FB) at $25, MGM at $9, and Apple at $505. A great way to start 2013!

Trading the "Fiscal Cliff Bluff" was a breeze. We shut off the media and just turned on HAL. He set the prices and we set the buy-limit orders. They were all hit. We are going to let him pick the stocks for awhile because we are running almost entirely on technical analysis and the news is boring right now..lol.. We are re-connecting with our trading community. Stay tuned.............