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Was the bear suit unusually soiled?
First 7 straight day gain since 86.
Sorry, referring to NAZ 200MA.
Pop above 200 MA coming?
Then again, maybe not.
With earnings behind it, maybe a good time to
take profits on RIMM @ 75
Might depend on ISM at 10:00
No, what did they say?
Added a few shorts during run above 1900.
Shorted NVLS @ 26.40.
They issued new shares.
Stow, RIMM reports tonight.
TZOO sold 750k shares @ $40 in private placement. Now we know why it plunged earlier this week. Insiders knew, but others left holding the bag.
I agree Jerry
I would short NSM if it pops in the morning. Looking to short some SMH tomorrow myself.
MU reports are usually tough to understand with the charges and inventory adjustments they take.
MU misses by .07
Short NSM @ 15.20
Short AMZN @ 40.86
Soros on CNBC @ 4:30 today.
Zeev, is this bounce nearly over? TIA.
No stop , hoping to hold for long term cap gain. I'll hold RIMM into earnings which I hope will be great and maybe sell into the ramp afterwards.
Joe, you don't have to stay short all the way to 200. <g>
Note that I am spotting him 3 when the bet was made.
Fair enough.
GOOG and RIMM are not good shorts yet. They are my only two long term holds. You can make money trading them short, but their business trends are solid, so why not short stocks with weaker fundies?
I have enough shares. I would buy good dips to trade.
OK smart guy, short all the GOOG you want. I'll hold my IPO shares and we'll see who does better.
Maybe not, but a post election year end rally into January is a safe bet. IMO. How high it gets nobody knows, but 2200 is possible and GOOG will be a leader. We have to get through earnings in October first.
If we get a rally to 2200-2300 over the next 4 months where do you think GOOG will be priced?
If we get a sustained rally I think GOOG will lead the charge. In a bull market overprice means little. $200 or higher GOOG by February?
Face it. GOOG is the new hot stock. It will go much higher in a year end rally.
yesterday
Nice bounce. Took profits on yesterday's longs.
If SMH can pop above 30 it may gain some strength.
ORBZ is the new TZOO? Up 20% AH.
They sure did, that is why it was a good IPO.
Quiet period for underwriters must be over. They cannot issue opinions for a period of time after an IPO.
It will never pass. Introduced by Dems, but solidly rejected by Repubs. Election year politics.