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By the way Poppo...this company has made claims for YEARS about their technology. They have PROVEN that you cannot believe what they say. They refused to turn over the test results from Telecordia to a neutral third party for examination.
Many here believe this company to be a scam. These people could most definitely be wrong. My point is that you should tread VERY carefully here.
So far, this company has a history of being a long running scam. If they actually have something of value, it will likely take several months to years to bring it to fruition. Also, many here speculate that this company will have to do a reverse split, even if the technology is good.
In other words, play the pump and dumps. However, historically speaking, this stock has been a HORRIBLE HORRIBLE investment. Invest at your own peril. I've been "invested" for 6 years now.
It also looks like a very nice bearish engulfing pattern forming on the eur/usd. Let's see what it looks like at rollover.
Very nice setup my friend. Like I said this weekend...the dollar isn't necessarily down and out. In fact...I believe just the opposite.
Also keep in mind that one of the main reasons China is doing so well economically is because the USA imports a LOT of cheap goods from the country. China has a HUGE economic interest in keeping the dollar from tanking not only because they hold billions upon billions in reserve...but also because it keeps our economy rolling so we'll buy their goods, and also it keeps things cheap enough to make us want to keep importing from them.
If the dollar goes south, China goes south right along with it.
I think you and I may be talking apples to oranges. I'm talking longer term. I believe you may be talking short term (as far as technicals are concerned).
I'll totally agree that technicals are useless in the short term when news comes out.
Technical analysis is one of the tools that is used to predict what the pair will do. I would hardly consider it a waste of time.
In looking at the 3 year weekly chart, a head and shoulders pattern becomes quite obvious. In looking at the pairs inability to break through resistance, it also becomes quite obvious that it's going to take an interest rate decrease at the very least to break the pair up through resistance. Now granted, the pair does seem to be traveling along an ascending support line right at resistance. The head and shoulders pattern quite possibly has failed. However, that's still a pretty strong line of resistance...especially at the 2975 level or so.
I say AT THE VERY LEAST because that does not ensure it will happen as the market, until recently, was pricing in that very thing.
Being a savvy investor such yourself, I'm sure you're taking into account the significant amount of increased demand for the dollar by foreign investors due to the new bull market in stocks. Of course, the bull market will not be comfirmed until the Transportations and SPX reach new highs. Until then, there is a lot of uncertainty.
However, there's one thing for sure...and that is NO ONE is sure about what's going to happen with the dollar itself in the short to intermediate term. The dollar index is still within the channel. The eur/usd, then, is staying within it's channel as well. One thing is for damn sure, though, and that is every single time the dollar index and eur/usd pair comes within striking distance of support\resistance respectively, people come out of the woodwork with the "dollar is going to tank" battlecry.
As for me, I generally take the higher probability trades based on a mix of fundamental/technical data. And based on what I see, I'm not thoroughly convinced the dollar is tanking just yet. However, I make my money based on what things actually DO, rather than making absolute statements based on what I speculate COULD POSSIBLY occur.
By the way...the first two sentences of your post tend to contradict each other. As for staring at charts for hours and hours...I'll say that once a person learns what they're doing...and they do it on a professional level, you can simply GLANCE at a chart and see all you need to see with about 10 seconds or so.
Good day sir.
PS- Just for the record...from a fundamental standpoint...the dollar will become practically worthless. In the intermediate to short term...the jury is out.
You're totally ignoring the long term head and shoulders pattern. Also, how can you possibly say that when the dollar index is still holding above support? How about the possibility of the Fed raising interest rates again?
Keep in mind that when things seem at their worst, that's when they start getting better.
Was he a hair tonic guru BEFORE or AFTER he was a huge telecommunications guru?
Cosmo is EXACTLY the type of "investor" Ray and Brad hope to attract.
I don't think it will be long before the negative posters no longer have ammunition about the tech.
Waiting and watching...hoping like hell you're right.
The part I was calling you out on was the "extremely competitive technology" part of your post. It seems rather obvious that they do at least have SOMETHING. I'm just not thoroughly convinced that it's "extremely competitive".
0% chance? You're allowing your emotions to cloud your judgment. This company has been completely and utterly dishonest in the past. There are still some MAJOR red flags.
Is it POSSIBLE this isn't a scam company? Sure...that's possible. However, to make a statement such as you made to excel causes me to question your sincerety...and also your motives.
NOTHING is that absolute except death.
jjz- Excellent. I was re-presenting Cobra with spoke's opinion and asking him to provide his own credible source for his opinion. I'm trying to look at both sides objectively. Cobra doesn't seem to be able to provide credible evidence to refute what spoke is saying. I wish he could because I'd LOVE to believe Cobra.
If you get some time, I'm interested to hear what your sources are telling you. Thank you.
From what I can ascertain, someone could test the FPGA and put in an order for the asic.
From what you can ascertain from whom or where? Again...this goes completely against the case being made by spokeshave.
Cobra- question...
Spokeshave has a great deal of credibility in my opinion. When he says that he can absolutely guarantee that you can search and search and not find one single example of where a company has a design win or had an order placed prior to final silicon, then why do you insist on saying there will be orders placed soon (less than 2 months from now)????? What makes RIM different than any other company in this arena? And please don't use anything Brad has said to you. Use independent proof for any statement made. Thank you.
Chinese hair tonic guru. Now that was funny.
Why the hell do I read this board? lol
Do the standards you guys are discussing even matter outside of North America?
Hey Dough. I don't know a single thing about any of this. I signed into this board for the first time in a few weeks. Spoke sure sounds like he knows what he's talking about. As for me and my money, we're waiting for proof...and I mean ABSOLUTE proof. Even then, there's only about a 10% chance I'll buy as Brad will most definitely have to do a reverse split.
Good hearing from you dough.
All I can say is...WOW.
Why couldn't it be?
By the way...the biggest challenge is in getting your thinking to the point that you can wrap your brain around big money like that. Believe it or not, you have to get yourself to the point that you feel you DESERVE that kind of money. It will then start appearing.
OK...I'm done with the Psychology 101 lesson. However, anyone who makes big big money knows exactly what I'm talking about.
The secret is in finding a niche for yourself. Get REALLY REALLY good at one or two things. It'll take awhile to get up to $250k per month. My personal strategy is taking equity out of other people's homes and putting it to work. You may want to consider a similar strategy. As for taxes, 60% of your gains are taxed at a 15% rate. The other 40% are taxed based on your AGI. As for me...I simply pay an attorney and accountant to keep me out of jail. LOL
I'm talking about 50 to 1 which allows for collecting interest. That would be a $40,000 margin requirement for 20 lots. You want a minimum of $200k or so in your account.
Holy cow jjz. There's NO WAY they leased 7000 square feet for a raquetball court. I think it's fairly obvious why Rim would need that much space.
Meth lab.
The reason a lot of folks fail is because they get too greedy. If you can catch 15 pips per day minimum on either the euro or the pound...and buy 10-20 standard lots, you can do quite nicely. I know people that make over $250k/month trading. The mechanics are learned easily enough. What separates a pro from an amateur is the mindset.
Trading the forex is a lot like trading the spx. The q's are very tame compared to this.
I tend to agree. The dollar doesn't have enough fundamental strength to sustain a long term run. However, it appears the euro has the same problem. It has not had enough strength to break out of the long term head and shoulders pattern as seen on a 3 year weekly.
This pair will strengthen and weaken pretty well on a weekly basis within the well established channel. Until we close above 2974 or close below 2456, we're in a nice channel.
The demand for the dollar is keeping this from going through the roof, imo.
Foreign investors tend to prefer the American stock markets...at least historically. With foreigners pouring in to invest in our market, they're needing to trade their money for dollars.
This is ONE factor that could potentially be causing high demand for the dollar.
The demand for the dollar right now is fairly high due to the rising stock market. Just a possibility.
WOW. That's potentially VERY lucrative. Surely theres no way to do it. That would be WAY too easy to make a 300%+ return per year with ZERO risk. As for FXCM, the 50 to 1 is called a 2% account. It's REQUIRED if you want to EARN interest when appropriate. Anything less disqualifies you and you simply PAY the interest whichever side of the trade you're on.
Excellent idea in theory. The main reason that will never work is that to my knowledge, there's no such broker that doesn't charge interest.
Laugh all you want, buddy. There's a sucker born every single day.
cosmo- let's cut the bullshot. You're very condescending when you speak to some folks and it's getting quite annoying. WHP03 just made you look like quite the idiot.
Straighten up and fly right, boy. Nothing has changed here at all except we're still waiting for this company to back up their claims.
If history is a guide...then right about now you're being used as a company schill to help create a small amount of volume so that folks like (insert certain posters names here) can dump their offshore shares.
I suspect very strongly that you're communicating very regularly with offshore convertible debenture holders and don't even realize it.
genius? not hardly
expert? absolutely...in some areas
millionaire? getting there slowly but surely.
Cosmo, if you're going to do a MAJOR MAJOR flip flop, turn totally against everything that has come out of your mouth, and then call people idiots simply because they're waiting for the PROOF that even you said was needed...and THEN have the guts to call them idiots for it...then you need to be prepared to take some criticism--PARTICULARLY if you're going to make a statement that calls people idiots for doing the same thing you were doing up until very recently.
Holy cow, Bill. You're nailing these folks to the cross. Good work.
WOW. I've never heard of that. In thinking about the possibility of arbitrage between the FX Interbank and the "market" created by dealers, it seems we'd need some fairly sophisticated software to immediately spot and exploit these inefficiencies between the two. I imagine it would be quite difficult to take advantage of it by simply watching as things seem to move pretty fast. What do you think?
Cosmo
Abe, very fitting post for this board. Many here are drowning here in ignorance!
That's somewhat ironic that you, of all people, would say that.
Holy cow. I really liked the cat like trading. As for no longer being a rebel...once a rebel, ALWAYS a rebel. lol
I'm glad you were able to get some useful information from the free videos. I still have a lot to learn myself.
What's arbitrage?