Mike Bellafiore, partner at SMB Capital, was cited yesterday in an article on TheStreet.com about the weakness in DRYS. You can read the full article here. Don’t forget to follow us on Twitter!
Ya Gotta Be Flexible
As an intraday trader I need to make many adjustments during each trading session. I have to determine if a stock is a short, a long, or a no trade. I may also make adjustments in how I am entering and exiting my position. If I don’t keep an open mind it is impossible to make the adjustments necessary to … Read More
Getting Rewarded for Doing the Wrong Stuff
We teach our traders how to trade while taking little risk in the marketplace. We teach them the fundamentals and then allow each trader to develop a trading style that suits their personality. Further, we give each trader the freedom to trade whatever stock happens to be in play and in a fashion that suits their style. Unfortunately, this allows … Read More
Reading the Tape Syllabus
We have gotten some comments and emails from some fellow readers asking what is included in our Reading the Tape program so we prepared this syllabus. SMB Reading the Tape Syllabus DAY 1: The Basics The Basics 1. Two quick written lectures on The Level II and The Prints including a Glossary. 2. One 15-minute audio lecture on the Prints … Read More
The Cost of Fading Strong Stocks
Into the Close I sit, trade, and also must watch what our traders are doing on my Admin screen. It is my job to make sure they are not violating market fundamentals. And I saw this on a few trader’s screens: -1000 AIG -1600 AIG This is an example of breaking a market fundamental. We do not short strong stocks. … Read More
Trading AND…
IEL sits at his trading station staring at his screens ready to pounce. GMan sits at his much larger trading station (he is the Head Trader) watching every tick in the market, with his hands on his keyboard. Scuba sits patiently processing every bid and offer in ARNA (even though he is a Partner). And then some others trade AND … Read More
Premarket Volume a Tell- DNDN
Last night I went out long DNDN. At 8:30 AM I was down a cool $80 on my position. Not exactly something for which to put down my breakfast Cliff protein bar. DNDN had cleared an important resistance level on Thursday at 27.50. It closed still in an intraday uptrend and 80c from its intraday high at 28.75. Stocks like … Read More
The Little Things
LVS has been on SMB’s radar for the past couple of weeks. It made a nice run from 15 to 20. Yesterday, it showed signs that it was going to give back some of its recent gains. It sold off hard from 20 to 18.50. Gman, our head trader, was short it for most of the afternoon. He identified some … Read More