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no loss in value with my summer home on LBI, NJ...
market looks forward, not back....
number's often revised anyway..
Naz the laggard...
has now successfully tested 2350 2x and bounced...I remain long...
if it closes below 2350, I take some profits, if it fails next significant resistance at 2320, I go to cash and wait it out...not shorting anything through December, too much seasonality to factor regardless of Sept/Oct gains..
entered some COH, JCP and GRMN today for a swing trade..
why post "guys like you are losing money all year..." when you have no idea how my portfolio is doing, nor have I ever gloated about it...thta's why I shot back with that...
and if you're going to say things like ?man, I called that one didn't I", which you said soemthing like twice this past week, you also oughta say, man I messed that one up too...cuz you have been dead wrong about the market and marvell since august...you've walked the stock down and called three or four bottoms..the reason it turned this week was on the lbo spec, if not for that it'd still be going down wiith the soxx..that's all I'm sayin...no one is right 100% of the time, so you shouldn't gloat about it the one time you are..
I'm playin the simple trend and I've been playin the simple trend all year...it's out there...I didn't call the last top, but I was out of the market in late April...I missed 5% or so, but made it up and more three weeks later...your board didn't exist then, so you wouldn't know...I have been posting here since late july and/or early aug and have stuck with my call..period...when I go short, I'll make sure to post it here..
yes, of course I have...
and you've made people soooooo much money on here...
you have afew blind sheep who follow you, other than that, most people realize you're guessing just like the next guy...
make sure you delete this though so no one else sees it...you have the almighty power.
Yeah Kieth, and you're such a huge contributor..can't stand being wrong too I guess so the answer is banning.
Must be nice to actually have control over something in your life, wow...you've got the power.....just like POKERSHAM who delets any post that doesn't validate "his" theory..
BAN me, I don't give a crap, what a joke some of you are..
I gave up contributing 500 points ago on the DOW, no one took me seriously because I wasn't over analyzing, using fancy charts or quoting market pundits...I just stuck with a simple game plan regardless of what "past" history dictated what the market was "supposed" to do...I went with the trend and paid attention to volume and support levels..
I'm not trading every day, I look for a few really good plays and follow the overall trend of the the market. I posted some call option plays on here a while back,
BA
WFMI
GS
and they returned 50-400% since that period...only BA has pulled back to 24% in the past two days..I certainly did not come on here saying anything close to "did I call that or what" when the GS Jan07 $200 call went from $1.40 to $6.60..
syn..not bashing here, but even a broken clock is right twice a day...after your record since aug you should be the last one gloating about calling a top...especially since this market has been over ripe for a pullback for quite some time...
geesh..
oh, and I dunno about your Nov/Dec call either, the trend is still up:)
now what?
ok, thanks...no fiscal 07 rally for the soxx next week then as fund managers buy in??
speaking of inflation, what are the inflation-adjusted prices of commodities today, relative to historical prices and all-time highs?
ok, thanks.
ummm...isnt that like 4 trading days away?
I wasn't talking about today, I was discussing how the soxx would pick up the slack and rally as DOW components rallies may become fewer and far between as you originally mentioned..
Time for the soxx to pull up the slack now...
Chart looks exactly like May 05 to Jan06...look what happened there....no right shoulder...jmho
lol..Interesting...I actually posted on Pokershams board that I saw more tops on that board than at Dress Barn...
didn't reference anyone, didn't get personal, just an opinion....and it was deleted...
facking Nazi he is....he's got absolutley no tolerance for differing opinions; unless you're back slapping him and his theories, he's not interested...jmho...
you've been saying that for 3 months...jmho...where's your target in two months?
zero...I'm not jumping in today, waiting for the dust to settle...my plan is to buy 50 at between $4.20 and $4.50...I'll buy up to $5 if the chart turns on me..
way overdone..
I'll be scooping up the CAT kitty litter with the JAN08 $70 calls...mark this post if you want to see a 100% return in 3-6 months...
why do you have to beat consensus by crazy amounts to be considered "growth"...if a company grows by 30%, but matched consensus, that somehow discounts growth??
GOOG is a cash generating machine....
SMH a double bottom??
and up we go....jmho..
smart man...markets were overbought, period....nice period of consolidation...
wishing the market lower doesn't make you money..
Apple Highlights...
Apple's Mac business accounted for 58 percent of the company's total quarterly revenue and was "by far" the best quarter for Mac shipments in the company's history.
Apple sold 624,000 desktops during the quarter, and saw unprecedented demand for notebook systems with sales of 986,000 units, representing 61 percent of the total Macs sold.
In all, Macs sales grew at three times IDC's projected PC growth rate for the same time period, Apple executives said.
Apple ended the quarter within its target range of 4- 5 weeks of channel inventory.
The company will continue to air freight some of its notebooks as well as some iMacs during the current quarter due to demand.
Thus far, Mac developers have delivered over 4000 Universal applications. By end of Dec., Apple expects that over 80 percent of the 500 most ciritical applications available for the Mac will be available as a Universal Binary.
Boot Camp downloads have topped a million and Apple continues to have a plan to integrate the dual-booting solution into Mac OS X 10.5 Leopard.
Leopard remains on track to ship "in the spring" of 2007.
Apple maintains just over 7,000 worldwide distribution points for Macs.
Pokersam, what?
data other than historical predictions by an inverted yield curve are you using to support your recession theory?
Thanks in advance..
this information is already on Pokersham's new chart...guy's got a serious personality disorder if he's crying like a baby in PM's and then pulling this BS over on his board...
I told everyone....
It wasn't "just" an I-pod story anymore..
not good for who?
exactly...
just because one trend was broken in AUG/Sept, doesn't mean it's going to trigger a chain of events that renders all other past trends insignificant...that's just silly.
Pokersam, you gonna base all your investment decisions on the "opposite" of what happened in the past now?
because of a jump in retail car and light truck prices? aren't new models out in September for any car makers? Don't believe the hype...
we need a much anticipated pullback before driving higher...
Question?
what changed to alter your Nov/Dec outlook?
Your last overview had 1,850 DEC target, now 1,600.
there's always an exception....keeps people honest, remember that....jmho...
media hype...nothing more...I tend not to overanalyze things..sorry if the post offended you, I just love when the media overreacts...both ways.
Like this morning when they said the DOW was down due to the poor retail numbers...actually, x gasoline, retail sales were UP .6%...shepherds just looking to reign in their sheep....
lol..
no, I just find it funny that the DOW WAS MAYBE down 12...let's see 12/11,940...points all afternoon...c'mon...headline was a bit dramatic, no?
CBS Marketwatch afternoon headline...
BEARS DRAG DOWN TH DOW...LOL!!
give me a break, what a country...
sorry to hear baout your loss...hoping for a major pullbacl to $35-$37...
what market crash? I never once predicted a market crash...go figure.
ut oh, syn's finaly long....
time to go SHORT!!
LOL..just kidding...
I respect your opinion...but my opinion is opposite...
here's my take on the current "Joe Q. Public" mentality of the market:
-housing market "crash" is mentioned every day...this will lead to a recession...
-market is too high must correct...
-interest rates HAVE to go higher, they are still historically low
-consumer is tapped out (have been hearing this for over a year) eventually has to come true...rates were rising, then gas was too high no xtra money to spend)
-bull markets don't last forever
-profits HAVE to decrease, economy slowing (although they held up pretty well when inflation was running 3+%)
-no crash in Sept/Oct, must happen in Nov/Dec, we're overdue and this is just a "correction" of the "downtrend" that started last May.
-all the charts I see and all the newsletter I read are saying the market rise isn't sustainable
-everyone is short on the Yahoo message boards, therefore I should be short too (joke)
-Hedge funds control the market and they are more often than not short the market
-Volaltility index is where it was in May before that month's major downturn
I'll stay short and ride out this irrational exuberance...
Signed,
Joe Q. Public
last year, hit a high in October 2005...
it again hit a 52 week high again in February 2006...right before the rally into May...it's now rediculously high again...
everybody "knows" about shorting stocks now and we're seeing it in the massive retail short interest...and this time is no different...to sell something short, most of the time there is a good reason...but now, with people being able to trade from home and stuff and with information access easier than ever...things are shorted just becasue they are "up" too much...and I'll reiterate, that, in and of itself is NOT a good reason to short a stock, an index, anything...and it's a lot of retail people that do it b/c the higher we go, more of the herd will short...stop shorting higher highs...stop running with the herd...
retail shorting will continue to drive this market higher..jmho..