Buying SSO and DDM

June 20, 2008 – 1:50 pm

Not a trade for the faint of heart.

1/2 positions in both.

This entry was posted on Friday, June 20th, 2008 at 1:50 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

19 Responses to “Buying SSO and DDM”

Juice Says:

Woodshedder displaying balls of coal.
June 20th, 2008 at 2:05 pm
The Fly Says:

Oh, geez. Here we go again. Mr. Magoo trading.
June 20th, 2008 at 2:08 pm
CubsRock Says:

I’m going in with ya. DDM @ $66.45 if it triggers.
June 20th, 2008 at 2:09 pm
Danny Says:

grow up fools, it’s just an RSI2 space magician trade.
June 20th, 2008 at 2:10 pm
Woodshedder Says:

What are you talking about Boone?
June 20th, 2008 at 5:21 pm
Danny Says:

I show ddm and sso as being eligible for your RSI(2) trade.

In response to balls of coal and Mr Magoo commentary I was highlighting that it’s not like you’re proclaiming some kind of bottom for any reason, but that you’re merely following a strategy that you have outlined numerous times in the past.
June 20th, 2008 at 7:08 pm
Woodshedder Says:

Yep. Exactly, Danny.

I don’t know about the space magician part. On days like today, I feel like that dude with the big cauliflower ear, just waiting for it to pop.
June 20th, 2008 at 7:22 pm
Danny Says:

you use a 12% stop you said?
June 20th, 2008 at 7:27 pm
Bob Says:

I’ve also been trading the UWM/TWM pair. Last week there was a UWM buy signal on 6/11 at $51.50 and just like today, it looked like a horrible idea. But I took it anyway, and they was a sell signal on 6/16 at $54.24 for a quick profit of 5.32%

Yes, I will be buying DDM and SSO right along with you. Remember, it’s just a numbers game that pays off in the long run.
June 20th, 2008 at 7:44 pm
Woodshedder Says:

For this particular trade, I’m using an 8% stop.

Bob, numbers game…that’s it exactly.
June 20th, 2008 at 10:18 pm
nullpointer Says:

wood-

i would think CX would be your RSI(2) wet dream….thoughts?
June 21st, 2008 at 7:37 am
Woodshedder Says:

Null, without getting too much into the specifics of why its not, lets just say that CX wouldn’t make the screen.

Here is what is necessary.

1. Moving average support.
2. Trendline support or support from previous price pattern
3. RSI(2) < 2

I guess an easy way to look at it is that we don’t want candidates that have had been killed, beaten down, and shit-kicked. Instead, we want the ones that have just experienced a normal round of selling, that may have gotten a tad out of hand.
June 21st, 2008 at 8:05 am
bhh Says:

Or in plain english, the stock based system is top secret due to its fuktarded ability to bank Fly-like amounts of coin without a lightning-powered Delorian.
June 21st, 2008 at 8:29 am
nullpointer Says:

wood-

thanks for clarifying, i understand 100% what you are saying.

i often forget before i comment that you guys’ are (for the most part) momo traders, as opposed to elderly “investors” such as myself.

i loves me some shitted-kicked equities.
June 21st, 2008 at 8:54 am
boca Says:

nullpointer, you’re pretty hip for a supposedly “elderly investor”.

Just be careful (I’m sure you are) with that bottom-fishing, it’s a tough market this year.

Love, “Mom” (I can’t help myself sometimes)
June 21st, 2008 at 10:08 am
Danny Says:

Boca, you seem like a good mom. Any mom that reads this site has got something going.

And, unlike trading goddess who is an obese mustachioed puerto rican man, I believe you when you say you are a woman.

Kudos.

Keep up the good work.
June 21st, 2008 at 8:42 pm
JakeGint Says:

Watch out, Boca. Our boy Danny is a MILF hunter.

_
June 22nd, 2008 at 12:28 am
boca Says:

thanks Danny, I think I’m a much better Mom than trader, although I’m working on the trading part.

It´s all good Shed, you guys here are like my fave delinquent little brothers, partners in crime so to speak.

Have a good Sunday, everybody.
June 22nd, 2008 at 7:08 am
nullpointer Says:

boca-

thanks for the advice…..yes, i am careful. i always scale into these scary positions in thirds.

when i say “elderly”, its a reference to mindset. i watch these “kids” bid up these ridiculously over-extended issues, and i just have to shake my head and laugh. make no mistake, these guys are fucking amazing in their calls. space alien magicians indeed….just way to stressful for me…..we all know how the livermore story ended, right?

the reason i visit this sight is for the macro perspective. there is an excellent blend of opinion here, and i come here to see what you guys are thinking.

the only time i have allowed this site to influence my investing was gunners’ series of posts. man, those were fucking good. really really good. ironic that he has recently done somewhat of an about face with respect to the state of commercial real estate. me personally, i think we haven’t even made it thru the opening credits of that story.

enough babbling.
June 22nd, 2008 at 7:08 am