David Shine’s Blog Page
|Name: David S., CEO, Master Trader & Shine’s Room ModeratorCode Name: Shine On!! Strategy: Momentum EXPERIENCE: Shine has spent the last thirteen years in the market trenches, establishing himself as one of Wall Street’s most active and consistent traders. To add to Shine’s repertoire of diversified trading styles, Shine has also previously managed multi-million dollar portfolios as a principle to a large Hedge Fund. “Use the Proprietary Shine rating system to take the eight, nine, and tens to the bank!”|
I have been trading since the Mid-1990′s and have followed the saga of the online brokers including E*Trade (ETFC), Ameritrade (AMTD) and Charles Schwab (SCHW).
E*Trade Financial (ETFC) is a provider of online brokerage services and products to individual retail investors in the U.S. There were rumors as early as mid July for a TD Ameritrade takeout of ETFC. The stock traded over $16 per share but with the subsequent pulldown in financials, ETFC also fell as well hitting a low of $7.74 on October 4th. Then last Thursday notable talking head on CNBC and fund manager Doug Kass stated he’s very excited about his position in ETFC. Kass is betting published reports that billionaire hedge fund manager Ken Griffin, who was ETFC’s biggest shareholder, will get the company to sell itself. He feels Ameritrade or Schwab could buy the company around $16 per share.
The saga continues…
I just wanted to congratulate shine’s room on our recent expansion and growth and popularity in recent days. I also would like to thank all of our talented and prophet-like presenters and community members for working so hard to produce the freshest most organic real REAL TIME content anywhere on Wall Street!! Last week was a monumental week, between our interview with the New York Post and multiple media firms, and dinner with Russell Simmons, his new girlfriend Melissa George and Hollywood Producer Brett Ratner in the Hamptons, we are making strides into the spotlight!! Get involvedin the action and follow us now while there is still room.
Join our live daily Wall Street broadcast Starting at 8:55am!!
So I nailed it again!!!
On Monday night, I blogged about what would be needed to get the bulls back on board, and I predicted a ban on short selling. Well the Dow was up 400+ points on insider buying, decent economic news and most of all ” A POSSIBLE BAN ON SHORT SELLING OF EUROPEAN STOCKS OR FINANCIALS”!! Personally I covered my overnight short position in ING bank (a European bank) as soon as I heard the short sale ban rumor(at the pre-market low).People may say that that has little affect on the markets, but I feel it shows 2 things. 1- That the regulators have all the power needed to intervene in the markets when necessary 2- That they are willing to use those powers. When traders or institutions cant add to short positions, shorts get scared and need to cover. When you have both shorters and buyers (also insiders) you have to parties scrambling to purchase the same stock which makes for a SHORT SQUEEZE that came in a 400 point rally today.
My personal feelings at this point is that the economy is still broken, but they(whoever they are) are trying to salvage the market with whatever tools they can. Tune in for the next dramatic episode of AS THE MARKET TURNS.
Join us daily at www.Shineroom.com to interact in our live trading broadcast starting at 8:55 am and see what the buzz is all about.
Black Monday (and probably Tuesday) – Market sells off and investors look to Shinesroom for answers and guidance!!
Like I have been preaching for a few weeks on www.SHINESROOM.com live trading broadcast, the biggest problem with the debt ceiling debacle in DC, is that it showed both Wall Street and Main Street how truly flawed our current and future economic outlook is. We here on Wall St. have been discussing it for a while, but now its a hot conversation in every local tavern nationwide. WE NEED REAL POLICY CHANGE AND WE NEED IT NOW.
The bloodbath continues in the european debt market. This time Irish debt gets cut to junk status. It feels like just yesterday when Irish banks were trading at around $10 a share and now just struggling to survive after repeated dillution!! Greece, Italy, Portugal, Ireland!!! Who’s next to join the junk pile??
The buzz on the street as of June 30, 2011, is the introduction and mandatory passing of the newly instituted series 56 traders qualification examination by August 12, 2011. All CBOE / CBSX prop traders who have avoided acquiring the series 7 examination in the past will now be required to pass the series 56 which should be more closely geared towards the needs of a proprietary trader. Feel free to contact email@example.com today to find out more about this exam and to acquire our custom developed study manual.
I’m finding an interesting correlation between silver and Chinese internet stocks. Both of them got the margin requirements chopped which led to a steep decline of the underlying value of both silver and high flying Chinese internet stocks. For example, for example AGQ lost over half its value from trading at $170/share from over $350. And currently we have SINA trading at approximately half of its April stock price ($85) and YOKU approximately 60% from its recent high.
After the change in margin requirements in these two sectors, buyers have yet to be attracted to come back into the space because of the lack of leverage available for these names. We have yet to find out whether these two spaces will be the high flying dangling carrot they just recently were.
Shine’s Room: the Ultimate Trading Experience and Lightspeed spend a night relaxing and watching the Yankees game.
The Yankees stage a late inning comeback to everyone’s delight. The Yankees won in signature, walk-off fashion last night with Curtis Granderson scoring the winning run off of Mark Texiera’s single!
There have four tremendous Shinesroom.com insightful posts on the daily broadcast just in the past 24 hours:
Gulf Resources, Inc. (GFRE) manufactures and trades bromine and crude salt, and manufactures and sells chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, GFRE weakness was identify at $4.45. Stock traded as low as $3.65 today for a decline of 18%.
Penson Worldwide (PNSN) is a provider of a range of critical securities and futures processing infrastructure products and services to the global financial services industry. PNSN was set up as a bullish formation at around $3.00. Stock traded $3.62 today for a gain of 21%.
Yongye International (YONG) is engaged in the manufacturing, research and development and sale of fulvic acid-based liquid and powder nutrient compounds used in the agriculture industry in the People’s Republic of China (PRC). Shinesroom broke the news of negative chatter and possible fraud at YONG. We got short through options at $4.60. Stock traded for as low as $3.01 today, down 35%.
Rediff.com India Limited (REDF) along with its subsidiaries is engaged in business of providing online Internet based services, focusing on India and the global Indian community. Shinesroom sold puts and puts spreads on REDF and the stock is up around 9% at one point today.
I know these stats may sound exaggerated if you were looking at these names on an annual return basis but these were the moves and returns in just one day.
You can’t afford to miss one second of Shinesroom.com live daily trading broadcast directly from Wall Street!!
- David Shine
RAE Systems Inc. (RAE), a radiation detection company, was just part of my $1200 gain for today, working for only an hour this morning. The reason I bring up RAE more than the other winning names, is because my thesis not only worked but I executed it too!! Arkansas and I did some due diligence on radiation detection companies and decided to buy RAE around 8 weeks ago at $1.75 on the catastrophe in Japan. I saw there was to be a take-over (Vector Capital) at $1.75. I figured what’s my downside? I answered that it would be ZERO risk!!
I figured 1 of 3 things could happen: 1- Deal is off and stock trades much higher. BIG GAIN 2- RAE gets taken out at $1.75. NO LOSS 3- The purchaser is coaxed into offering more or get dragged into a legal battle. BIG GAIN
Summary and results: RAE gets its purchase price raise to $1.88 1st and then raised to $2.00 even today!!
Strategy- thesis-conviction- execution EQUALS WINNER!!
Come hang out with some of the crew if you’re in the Las Vegas area. Email us to meet or spend some time with either Shine, Vegas Murray or the rest of the team.
It should be an interesting day tomorrow, we have a big economic number in the un-employment number in the AM and the May 6, 2010 FLASH CRASH lurking over our heads!! Make sure you are protected and don’t hurt your neck while you continue to look over your shoulder!
I think at some point after being right for the past 13 years, I deserve to pat myself on the back. Since the creation of Shine’s Room, I have been truly amazed at the ability of my truly talented team of Market Masters. I am constantly impressed at the accuracy and effectiveness of the market calls made daily on our broadcast. It has been, as one viewer recently put it “shear genius.” When you compile a desk of traders it is always hard to say how it will turn out. I have seen some of the best come together and fail to profit from the markets. Shine’s Room works, I know it because I use it. The members of my team use it also, to consistently trade and make money!
I would like to mention just a few of the multi-million dollar opportunities we have identified for our entire Shine’s Room community, over our short existence of the past 5 months. Let’s begin with some of the bullish gold commentary, which ultimately led to a clear description of the take out of FRG by Newmont mining. Then came our continued surveillance of the bullish landscape, cautioning our members to avoid the natural tendencies to short the market as it rallied higher and to instead listen to the Shine Fundamental Rule: “the trend is your friend.”
Then Shine spotted the money flow into the Chinese internet names, starting with BIDU then SINA then SOHU, which have all continued to squeeze out to new highs, doubling and tripling in price in a short time. We repeatedly mentioned our ongoing thesis that many foreign internet names would join the party, with special attention to INDIA! In just the past 2 weeks in blog posts on www.shinesroom.com, we wrote about our very bullish views on many Indian internet and tech names. I can now report that many of these names mentioned have LITERALLY DOUBLED in that time period, which astonished even some of our most veteran traders and Shinesroom.com members.
These are just a few of the uncanny prophecies mentioned and focused on every day on Shine’s broadcast. These calls are not to diminish all the hundreds of other calls and opportunities we have brought to our communities’ attention, Airlines, precious metals, Rare Earth stocks and countless others! Neither you nor I can afford to miss one minute of this valuable, secret, private treasure we call SHINE’S ROOM!!!
ALL THE BEST and SHINE ON,
DAVID SHINE FOUNDER: SHINE’S ROOM
Research on Community Health Systems Inc., (CYH) conducted by analysts at Shine’s Room has been published on Yahoo Finance.
To view the article click here
David Shine, founder of Shine’s Room has put together a stellar run over the past 13 years and on a daily basis. The table below shows P & L on a daily basis over the past 85 days taken directly from his screen shot.
Trade alongside Shine and his team in Shine’s Room live daily trading broadcast. You can’t afford to miss one minute of the market action.
Disclaimer: Shine’s P&L Table represents actual values of David Shine’s daily profit & loss. Past performance does not predict future returns. All investments involve different degrees of risk. You should be aware of your risk tolerance level and financial situations at all times. Neither Shine’s Room, LLC / Shine Omnimedia, LLC nor any of its subsidiaries are financial advisors, registered investment advisers, or registered broker-dealers and we do not give trading advice or stock picks in any way.
Wall St. veteran and Shine’s Room moderator, David Shine, feels that the markets are approximately 14-15% from the previous highs and we have a fighting chance to make new all time highs in the broader markets if the Banks and Financial space join the market’s relentless rally. Over the past 2 days, Shine has felt the sentiment shift in favor of the Banks. A a potential slight shift out of precious metals can ignite the financial fuse for lift off.
Some ways to play the shift is to watch GS, JPM, PNC along with buying some puts or selling some call spreads on the SKF. Also, as a secondary play watch for a pickup in the mortgage insurers – MTG, AGO, MBI, RDN.
Some of the top Bank performers of today: BCS, BMO, ING, LYG, GS, JPM, WFC, DB, HBC.
Shanda Games Limited (NASDAQ: GAME), a Chinese online video game company, blew out earnings on March 2nd and broke through the top of the range, then retraced down to the top of the last peaks, which has become a support level and a good entry point for Shine. Shine believes that due to the very recent rise in Chinese internet companies, all to new 52-week highs (NASDAQ: BIDU; NASDAQ:SINA), GAME is poised for a 6%-14% rally over the next 90 days with a downside stop of $6.18 and an upside of $7.20-$7.40.