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gy, it seems he talks in Canadian $
5 CDN not US, which would amount to a down risk to about 3.7 US$
Like I said, you like to gamble or not, once here and now you are forced into gambling.
And gambling has 2 sides, although we seem to like looking to the sunny side. It's the "other" side that let's "the House" to keep the peoples' money.
cheers
p.s. although you posted this article twice, and even highlighted passages in it the 2nd time, it didn't help today and won't help in the morning slaughter..
The specialists know one thing and one thing only : ripping more profits from the little men holders, whether it's me or you
Ben, nice story-line
You know, that gets you thinking. You're there a virtual director , unpaid, and take responsibility and try hard and it makes you feel what it should be like, and then, there's NT boss(es) that get paid so much, and then screw everybody.
FD would be a suitable director for RB board..
cheers
Thanks Ben, NO board in mind
mind and time, whole space taken by wife, kids, market, learning.
I used to be a fishing and nature freak back in Europe, but all is long gone. I do miss it, but I put all my energy into this bullshmit of market. In a way I compare it to fishing. It does have similarities. In the end became another hobby.
I think boards are necessary evils. Depending on board, you lose time there, but you can also get ideas and info.
I wish I could trace back posts here on i-hub based on poster name as it's doable at RB.
'They' are taking NT and the market down tomorrow. Actually they've already started. I felt like staying out, and I did. I need to see a little happiness in the chart before buying, and even then it's a gambling with all the nonsense.
'They' force us to become hard core gamblers when touching NT, LOL.
cheers
Ben, I don't intend to start a board
any time into the foreseeable future, but I'm a little curious.
Can any Joe start a board, become director, deputy , whatever, or you have to be a fee paying guy for this?
I don't aspire to any ministry anointing either. I have enough headaches as it is.
and thanks
cheers
Ben, so I press on
post, then on "report TOS violation" from the blue lower bar, then fill in note/reason and press send, and it's gone?
or
I have to be a "director/chairman". Are you in such a position here?
"if you're a director or chairman you can remove posts. There's a "manage" link that appears once you're in one of those positions. To remove (or TOS) a post, you get a drop down select box"
- because I don't see no "manage" link, nor drop down menu..
Please don't confuse me any further as I'm dizzy from the charts already.
cheers
gy, I think that at times
you're right, and sometimes I'm right. It stands to prove that it's just hard to use that data, as you can see the price is falling.
I'll tell you what, watch to see the sequence of 'hapenings'. If large blocks will be hit on uptick that would represent buying.....unless..... price 'colapsed' below bid, and THEN the bid is hit from behind (LOL) making it look like uptick large hit on ask, that's actually former bid left on the 'table'.
Well, this won't help much either by itself as you'll have to relate it to other factors such as proximity of support/resistance and time of day and few more things.
And in the end we're still left guessing, LOL.
cheers
Ben, please explain
you say "we've decided to go ahead and
remove that post".
Who's the "we" ?
And more importantly, how is that possible to delete a post? How'd you do it?
I looked and couldn't find a way to do that. I would have deleted my crappy post myself if I knew how.
I'd like to know.
cheers
Dart, you funny
nothing could be done against me , not even a "knock on the door" as I'm an innocent person pall, since I did not post but COPIED a post, AND stated it as such "(COPIED from RB)" post, which stated my "source of info", which is true (the "source"), and should invite anyone to further investigate.
More so I don't stand to benefit from any move or price action on NT since at present I don't own or shorted NT, nor I'll buy or short tomorrow no matter what the h&ll will happen , RS or no RS.
The only thing that can happen and already happens is people like yourself and nt4life that lashes out on me. For such characters I really hope for a real RS to take place ASAP and the worst price action thereafter. It will be rightfully "earned".
---------
Sorry Ben, gy, if I caused you any grief, but I passed on the so called "news" in a hurry and had no time whatsoever to check or verify anything , as I had to run to my son's school for a birthday. So I was thinking you or someone else would check on it in the meantime.
I'm wondering why would anyone post a bogus info AH since it can be easily checked on and discarded.
There is a lot of double talk these days about NT. Either people are confused , or they want to confuse further.
cheers
gy, so you say if I see 11 transactions on the tape as 1 transaction of 1,000 shares and 10 transaction of 100 shares, it was actually only one transaction spreaded on the tape?
for every buyer (1,000s) there must be a seller (1,000s)
cheers
contest: last day of Q2 US $ 5.± 50¢
(4.5 - 5.5)
Last day of 2004 US $ 15.± $1.50
(13.5 - 16.5)
nothing is easy with NT - hard to look into any chart (short/long period), for me at least. I hate it in that regard (for the time being).
cheers
p.s. I wanted to put a near $20 for end of year, but it's just too much variables along the way, so I scaled it down. Some variables could actually take it down or keep it here for a long time to come, while others could bubble it up to the moon..LOL
options might be a good way to ride this crazy horse/sector
still too many workers?
Flextronics To Cut 350 Jobs 04/12/2004
STOCKHOLM (AP)--International electronics maker Flextronics said Monday it will lay off 350 workers in Sweden because of rising costs and increased competition.
The company, which employs some 5,000 workers in the Scandinavian country, will make the cuts this year at various locations around Sweden.
Spokeswoman Lotta Lindgren told Swedish news agency TT that the cuts would include technicians and others. Of the company's workers in Sweden, about 3,500 are technicians.
"The general decline is hitting us just as well as others and our customers are making tougher and tougher demands in the current competitive situation in the telecommunications sector," Lindgren told TT.
Flextronics is the world's largest electronics manufacturing services company, providing design, engineering and other assistance to companies like Cisco Systems Inc. (CSCO), Hewlett-Packard Co. (HPQ), IBM, Nokia Corp. (NOK) and LM Ericsson.
It designs, builds and assembles everything from circuit boards to electromechanical components.
easy Ben? Nothing is easy here IMO.
In fact you gave yourself an answer to your own "concern". You gave a range with a main number. That's the answer. We should be free to chose the main number inside the range though.
We'll also see who will get closest to the MAIN number, while giving everybody a better chance (the range).
Pros also use ranges , so I expect it'll teach some of us something along the way.
cheers
Ben, I'm puzzled about
1)"One problem with the survey on this site is that unless you actually say which answer is yours, it's anonomous.
2) So I think Chicago had the right idea to start with."
please explain
-------
no problem, I'll start 1st (today or tomorrow), but we need to set a deadline. How about 2 weeks into any Q, and end of the week this week (Sunday, April 18) for this time?
"The board" can also offer funny (weekend in Iraq) or serious ($100,000) imaginary prizes , just to add to the fun (input needed).
-------
RB is kind of dead today. Are they all Canadians in the end? Canada is still in the long weekend, you know.
cheers
Let’s have contests
While some may try monthly guesses, I’d say it would be more appropriate if we could have a quarterly contest like nunavut suggests. Well, I don’t feel too good about throwing high and low of a Q, but I think a price touching inside a small given range on the last day of Q would be appropriate.
I suggest we should improve on this by giving a 10% range rather than a fixed price. For example $10 ±50 ¢, or $4 ±20 ¢ , so if I was to chose $4 I’d say $3.80 - 4.20. To be a winner the price just have to touch inside my range on last day of Q, or absent this, I’ll have to be the closest.
We should also set a start time and dead line date for future quarterly contests.
Let’s agree on the thing and get going. I’ll give my estimate in a day or two (for the end of Q2 that is = June 30 !)
I also suggest that is appropriate to go for an end of year contest - starting ASAP. Funny, this will be paralleled by a Q4 contest.
Nobody will get hurt and it indeed may offer us a little fun like hammer says.
cheers
easter contest :
Posted by: ChicagoIllinois In reply to: None Date:2/11/2004 10:40:20 AM Post # 501 of 1174
CONTEST - PRICE OF NT (US) AT EASTER
------------------------------------------------------------------
Ben_Haad $6.80 CLOSEST & WINNER
Teletruth $7.00
ChicagoIllinois $7.20
Nunavut $7.80
Dino $8.06 (rose opinion to 9)
mbeaulie $8.50
jojo55 $8.80
Rushfloyd $9.21
Newfie $10.20
ak12321 $10.25
turbodog $10.75
FoolingYou $11.50
nt4life $11.50
Gytheon $13.00 optimistic end
(mbeaulie could've been a winner if absolute 52 week high would've been disputed)
cheers
p.s. would you care for another ?
nice, but
to have any value they have to give a volume variable:
How much they sold at 8 (100% , 50% , what?)
How much they repurchased at 7 (100% , 50% , what?)
Otherwise it's manipulative propaganda, as NO ONE (in the know) will tell you the bottom or top. When 'they' finally 'confess' , it's either for a pump or a dump agenda.
"Caldwell Securities has recently repurchased Nortel shares at about $7 - having previously sold some of its position at $8 after the second restatement was announced in March"
cheers
gy, views = personal opinions
"I almost(/) always avoid giving my personal opinions. Only my hopes and aspirations. We could use some more of those good folks to inject some of their views, as well."
....quite puzzling
cheers
futile and untrue hype /e
"nortelling" news AFTER the bell..
Nortel Networks Announces Waiver From Export Devt Canada
03-29-04 1810ET Newswires
Nortel To Release "Limited Preliminary" 1Q Results April 29
TORONTO --Nortel Networks Corp. (NT) has obtained a waiver from Export Development Canada to permit continued access by its operating subsidiary, Nortel Networks Ltd., to the EDC performance-related support facility in accordance with its terms while the company and NNL complete their filing obligations with the U.S. Securities and Exchange Commission.
As previously announced, both Nortel Networks Corp. and NNL will delay the filing of their respective annual reports on Form 10-K for the year ended Dec. 31, 2003 to a date beyond March 30, 2004.
In a news release, the company said the waiver will remain in effect until the earliest of certain events including:
-the date that both NNL and the company have filed their respective 2003 Form 10-K's with the SEC;
-May 29, 2004;
-if there is a breach of the representation given as of March 29, 2004 in the waiver related to the absence of any default under the Nortel Networks Corp. five-year credit facilities.
Nortel Networks Corp. said the EDC may also suspend its obligation to issue NNL any additional support if events occur that have a material adverse effect on NNL's business, financial position or results of operation.
NNL and EDC have also agreed to amend the support facility to give EDC this suspension right beyond the waiver period, it noted.
The EDC support facility provides for up to $300 million of committed support and $450 million of uncommitted support and, as of Dec. 31, 2003, there was about $334 million of outstanding support under this facility.
Nortel Networks Corp. confirmed it plans to announce "limited preliminary unaudited financial results" for the first quarter of 2004 on April 29 and to hold a conference call to discuss its results after they are publicly announced.
The company also announced due to the delay in the filing of its 2003 financial statements, it is postponing its previously announced annual shareholders' meeting originally scheduled for April 29 to a later date.
The new date will be announced as soon as practicable after the filing of the 2003 financial statements.
Nortel Networks Corp. supplies its service provider and enterprise customers with communications technology and infrastructure to enable IP data, voice and multimedia services.
Company Web Site: http://www.nortelnetworks.com
---------
it also seems to be NO general meeting in April, nor another date was set...
now what?
Ben, sorry for your bad luck
I did posted to you (#648) back on 24 Feb
that this CIEN had down high risk.
Apparently I was right
--------------------------
Ben, re: CIEN, I see the violation
of (this) support as significant. It can continue to bellow 5. I assume, for very near term it has to rise back above ~5,94 to fix the bearishness. Later the chart may demand other things.
--------------------------
I hope you'll be OK
It's the over all balance (bottom line) that really counts
cheers
Ben, it seems logical
However, the # of shares is critical, and has to be equal in each account (short and long). Well, I guess you could put less in the less risky side.
If you expect a strong move, you could also put a stop on both, and one would be stopped out and the other would continue running. Sort of a straddle in options.
I still feel the options to be the answer to my 'problems'.
I have yet to start looking seriously into it.
cheers
Class Action Lawsuit Against Nortel
Cauley Geller Announces Class Action Lawsuit Against Nortel Networks Corporation on Behalf of Investors
- March 17, 2004 10:57
NEW YORK, Mar 17, 2004 COMTEX - The Law Firm of Cauley Geller Bowman & Rudman, LLP announced today that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of Nortel Networks Corporation (NYSE: NT; Toronto: NT.TO) ("Nortel" or the "Company") publicly traded securities during the period between January 7, 2004 and March 15, 2004, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can be viewed on the firm's website at http://www.cauleygeller.com/show_case.asp?ccode=260&pcode=10&pp=4 .
The complaint charges Nortel, Frank A. Dunn, Douglas C. Beatty and Michael J. Gollogly with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder. More specifically, the complaint alleges that, shortly before the start of the Class Period, Nortel advised investors that it would be restating its financial results for 2000, 2001 and 2002 and the first and second quarters of 2003. Then, after reporting solid fourth quarter results during the Class Period that far surpassed analysts' expectations, the Company shocked investors by announcing that it would be restating its financial results yet again, this time for the just-reported fourth quarter of 2003 as well. Subsequently, in a clear indication of the severity of the Company's problems, the Company announced that it would be placing defendants Beatty and Gollogly on paid leave of absence, pending the completion of the Company's independent review being undertaken by its audit committee. Following this announcement, shares of Nortel common stock fell $1.19 per share, or 18.5%, to close at $5.24 per share on extremely high trading volume.
If you bought Nortel publicly traded securities between January 7, 2004 and March 15, 2004, inclusive, and you wish to serve as lead plaintiff, you must move the Court no later than May 17, 2004. If you are a member of this class, you can join this class action online at http://www.cauleygeller.com/template8.asp?pcode=6&pp=1 . Any member of the purported class may move the Court to serve as lead plaintiff through Cauley Geller or other counsel of their choice, or may choose to do nothing and remain an absent class member.
Cauley Geller is a national law firm that represents investors and consumers in class action and corporate governance litigation. It is one of the country's premiere firms in the area of securities fraud, with in-house finance and forensic accounting specialists and extensive trial experience. Since its founding, Cauley Geller has recovered in excess of two billion dollars on behalf of aggrieved shareholders. The firm maintains offices in Boca Raton, Little Rock and New York.
If you have any questions about how you may be able to recover for your losses, or if you would like to consider serving as one of the lead plaintiffs in this lawsuit, you are encouraged to call or e-mail the Firm or visit the Firm's website at www.cauleygeller.com .
Contact:
CAULEY GELLER BOWMAN & RUDMAN, LLP
Samuel H. Rudman, Esq. or David A. Rosenfeld, Esq.
Client Relations Department:
Jackie Addison or Heather Gann
P.O. Box 25438
Little Rock, AR 72221-5438
Toll Free: 1-888-551-9944
Fax: 1-501-312-8505
E-mail: info@cauleygeller.com
SOURCE Cauley Geller Bowman & Rudman, LLP
Samuel H. Rudman, Esq., or David A. Rosenfeld, Esq., both of
Cauley Geller Bowman & Rudman, LLP, +1-631-367-7100
Ben, the bottom is forming but not done yet.
As for the range, (scratching head), maybe we should ask Frank
what he thinks the range should be , LOL.
Do you think we'd rally toward 'whatever' E/A?
Maybe we'll start rallying toward restatements, NT style, LOL.
cheers
good close
Tomorrow if it opens and trade higher should spell bottom
That's why the big volume today? I hope so.
I hope no more negatives, or this is going to visit 3s for sure.
It's a shaky time filled with illusions and smoke and mirrors. It’s not an easy time in the market to
pull the bunny out ...
cheers
Ben ,
1) Did you get to the 3 day action conclusion by yourself or read it some place?
2) You are right about it (3 day). I don't know if you know but it is way more complex than this.
I've read about this kind of trending 'numbers', and from my understanding it actually has to do with psychological level of pain and/or pleasure, and '3' depends on some factors. For example the 4th day if it's the same as 3rd then it will lead to different things, as the emotional pressure was extended, in which case you'll have to compare the 5th day to the 4th day.
It gets more complex than this, but when things click in place I've seen it working like a black magic, allowing you to get off near/at high and on near/at low. If done right it is so consistent that works on any level, week/day/hourly/15min/5min/1min. The rules are intertwined and I get mixed up quite often (as it's relative new to me). As a result I don't really use it.
For example, now the "system" suggests 2-3 more days of weakness, but doesn't say it's gonna be the bottom!! For that it has to "pass a test".
Like I said, I'm not looking much at this aspect. It is just too much info , and I must simplify.
However, as a minimum /basic aspect you are correct about the 3 day. From my observations I find the strength concentrated in the first 2 days, where the risk also seems less..
cheers
Ben, "violent retracement to the upside",
so, are you buying some?
I would if I wouldn't have rules (past pain, LOL).
Volume is way higher than last big plunge, which was also huge. What would this mean for real, don't know yet.
cheers
Someone called 190 million volume an anomaly.
If it’s gonna happen again , and quite shortly, is it
still to be regarded as an anomaly?
And if not , then what?
Panic, or is it just mere abandon ship?
cheers
the 'king' is dead...
...long live the king
Ben ,
are you triple check the restating of the revised restatement? ... yuck, what a day for holders
You promised a relief rally a while ago and I'm still waiting around the corner with the cash, and is getting cold.
The street sharks seem to bite off the balls of every courageous buyer lately.
Shall I shark around myself a bit shorting some fatty cats?
You can't just leave the action.
Too bad I can't short with RSP funds, they won't allow even to buy puts , just calls, &%$#@. I may find a way.
cheers
Ben ,
FWIW the stoch shows deep oversold. The relief rally wasn't that strong, and sadly it didn't leave few pennies behind.
I also think LU had bad luck and couldn't benefit from the credit upgrade. I think that's a miss.
In that regard we may be better off having our credit upgrade into a friendlier market, and preferably after we've moved higher. That should amplify/maximize the effect.
cheers
Ben, since I never followed this before
I wanted to know from your experience how PPS 'behaved' in relation with max-points in the past. I assume you did watched it few times so far. I would be interested in NT and CSCO, but it doesn't really matter. Experience with other stocks is probably as good.
TIA
Ben, it really is not that much of a difference between 6 (as lowest maxim-pain) and 7.5 , making it a rather wide "point".
If this stock/sector is really hot, then it may trade toward
the higher range at 7.5, or above. This (up pressure) may be pointed out by April maxim-pain point which is $2 higher at 8.
Do I have a point? I hope I'm not blabbing nonsense as I'm new to this thing.
I wanted to look at a historical graph of past max-points of stocks to compare them to price movements and to see how it worked in the past, but couldn't find one. Maybe you'd know of such a link. At the very least, if you won't mind, could you say few words of what you've noticed about this in the past?
TIA
pyrite, it may prove to be a good site,
at least educational.
You can only use it if you register.The free trial is 10 days , and I find that insufficient to be able to evaluate it.
It would be good to be able to screen the market for a certain candle group, but that will make you a bigger gambler IMO because random exposure. Good money management may solve part of this problem.
To increase your odds you must know by heart the candlestick patterns and their psychology (why it's happening the way it's happening), and then get to know just a small group of good stocks , and try to trade them only.
JMO
ben, why? /e
the good thing about a flat day
is that you can either liquidate or buy as you please, in the most relaxed way. That is if you rightly guess the looking forward move.
You can even change your mind and get in and out repeatedly, provided you won't mind the commission.
But it surely shakes away the hoards of regular traders.
Maybe that's the idea..
cheers
home alone
Ben, I think today close either flat or green a bit
Ben, ...
It's not for Plotting the hourly daily on 10 day increments over time. It's about studying the behavior, and identify patterns. When behavior changes, that's the best way to see it. All other ways are laggards, unless you'd know the tops and the bottoms somehow ahead of time.
I'm thinking about keeping a tab on patterns but couldn't settle on a acceptable way. Still unclear.
As a trial, in the past , I've linked few months of 10 days sequences on a wall. It was fascinating and taught me few things, but still lacks something, and I can't do it that way.
Oh well, that's not my biggest problem.
cheers
Ben, ..........
thanks for the link. It looks familiar so maybe I looked at it in the past and forgot about it. I do use that site frequently but I overlooked that feature. I Used Ameritrade Analizer chart. There you can zoom fast on any time period up to 2 years back. Oh, I hate that 2 years limitation.
StockCharts is good too.
Maybe you'd know, I'm looking around and couldn't find a charting that will let us see sequences of 10 days intradays , like 5 min, 1hr and such, back in time. They only let us to see the last 10 days, with no archive. If I want to do a research I have to save those charts on the computer and that's very inconvenient, especially if I want to look at a new stock.
Anyway, I think you are right about the pressure building up on NT. Not just the Bollinger suggests that.
I think we're very close to a 'tipping' point. Let's hope will be a positive one.
cheers