Archive for December 2009

Ten Things Most Exciting for 2010

Dec 31st, 2009 | By | Category: General Comments, Mike Bellafiore's (Bella's) Blogs, Trading Ideas, Trading Psychology, Trading Theory
10. The SEC tax declining by about 35c per thousand shares traded.  2009 was a tough year made much tougher because of this tax being raised 400 percent last year.  This will mean a possible extra 17k for some of our traders. 9. Secret Project X.  SMB has developed a practice tool we are very proud to unveil to our in house traders.  Deliberate practice is how you become successful at anything.  This training innovation allows the developing trader the chance to practice. 8. The launch of our new SMB Training website.  We have been working on an improved site for many months.  Roy Davis, our coder and graphics designer Read more [...]


SMB Morning Rundown

Dec 31st, 2009 | By | Category: General Comments, Trading Ideas

Today, the Market appears set to open slightly higher. The levels we are watching in the SPY are 112.50(sup) and 113(res). Below 112.50, the next support level is 112. Above 113, we could see upside to 113.40.

Our best AM Idea for today, which we highlighted in our AM Meeting is to buy SEED close 12.10. Add to the long above 13.20. Tgt: 14.50.

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SEED money for the New Year

Dec 30th, 2009 | By | Category: Dov Quint (Dov's) Blogs, Fundamental Plays, General Comments, Trading Ideas
There’s always something to trade. You just have to be where the volume is. It can take one good stock to make your week, and one good week to make your month. 90% of life is showing up, and for those who showed up today, there was money to be made. We had a repeat offender today, our good old buddy Origin Agritech, ticker SEED. Maybe there’s a hedge fund out there that needs to save their entire year by driving up this stock. Maybe there are some new algorithmic programs being tested out to see how far they can take a small cap stock for a ride. Whatever it is, when a stock moves 30% on volume that is more than the entire Read more [...]


SMB Morning Rundown

Dec 30th, 2009 | By | Category: General Comments, Intraday Levels, Trading Ideas

Today, the Market appears set to open lower. The levels we are watching in the SPY are 112 (sup) and 112.60(res). Below 112, the next support level is 111.50-111.60.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short AAPL into a pop close to 210. Tgts: 209, 208.

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SMB on CNBC HALFTIME REPORT

Dec 29th, 2009 | By | Category: General Comments, Jeff Tomasulo's Blogs, SMB In The News, SMB on TV
Jeff Tomasulo, senior trader at SMB Capital, appeared earlier today on CNBC's Fast Money Halftime Report. In the clip, Jeff discussed the effect of the stronger US dollar on the Market and the stocks he is looking to trade in this light volume holiday market. Don't forget to follow us on twitter. Read more [...]


SMB Morning Rundown

Dec 29th, 2009 | By | Category: General Comments, Intraday Levels, Trading Ideas

Today, the Market appears set to open higher. The levels we are watching in the SPY are 112.60 (sup) and 113.60(res). Below 112.60, the next support level is 112.

Our best AM Idea for today, which we highlighted in our AM Meeting is to short AAPL into a pop close to 212.85. Tgts: 211.30, 210.60.

Don’t forget to follow us on Twitter!



Adapt to Survive High-frequency Trading – SFO Magazine

Dec 28th, 2009 | By | Category: General Comments, SMB In The News, Trading Psychology, Trading Theory
Mike Bellafiore, partner at SMB Capital, wrote an article for SFO Magazine, titled "Adapt to Survive High-frequency Trading".  In the article, Mike discusses the effect High Frequency Trading (HFT) has had on the markets and the changes short-term traders need to make to adapt.  Read the full article here and feel free to leave your comments on this blog. Don't forget to follow us on Twitter. Read more [...]


Some Ideas on Light Holiday Trading

Dec 28th, 2009 | By | Category: Mike Bellafiore's (Bella's) Blogs
Ok so the volume is light.  GMan barked on the Open, "Volume is down 1/2."  Dovey said about the same just with some streets of Brooklyn color.  On a day like today we must observe this different trading.  But there were still some opportunities. AJames made a great call in STEC as it made a new important technical high and rode it up a point.  AAPL offered an Open worth playing.  AIG above 32 finally worked, yet lacked the follow through needed for a huge chop.  There was some opportunity in RIMM and IBM as evidenced by our leaderboard. As I write I am in ESPN/trading mode.  I will watch the markets as I brush up Read more [...]