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My expectation is MSFT is gonna make a week long run in the 60's before this is all over. I will wait patiently for that to short it with conviction.
Thier gonna take the QQQ up to 32 before this is all over. Enjoy the bull ride for now..
Christmas story stocks being bought with abandon. I don't like it, but I'm not gonna fight it yet.
Zeev - I concur. It could get real ugly when this manana is all over. The market is way too expensive still, and proper corrections never end that way. Adios and get that bear suit dry cleaned.
Taking $2.10 from CREE today and covering my short from $22.70 yesterday. Cha-Ching..
I love this market. Where else can you can you earn yourself a nice vacation after a couple of hours of trading? I often think of how hard it is for my relatives in Czech Republic to save up for a trip to the US. Several years! It's downright amazing.
AMZn and GNSS falling nicely. I love being right on the "dark side". This correction is long overdue.
If we get the selloof I expect, evening star formation on charts will be vast. I expect a nice 4 day sell off starting right now.
My shorts are doing well for a first deployment. They wouldn't give me MSFT at $57.75, so it's off the table for now.
Short GNSS at $18.63 eom
Time for a nice 120 point NAZ pullback. Short BEAS at $9.85 eom
Short CREE at $22.70 eom.
ZEEV: Is your INTC finally going to see $22 here soon? You will technically be right on your call many months ago, although $12 looked like around the corner just 3 weeks ago.
Yes it will be, but I think a small head is forming here on the charts. It's right below thw April 19th high before it got it's head handed to it. Bill Gates very active in his selling these last 30 days..
Opening up an order to short MSFT at $57.75. Substantial weight in my portfolio if it's hit. Feel funny about it, since I work across the street from them, but my gut says it will be a poor quarter.
Things are going RED..
That really depends on ho "generous" the market wants to be in the long-run to me. Still on the sidelines for over a month now, with no real rush to get in.
Jumbo loan. eom
I just locked in a 30 year fixed 5.875% on my house that I just bought. One happy puppy here!
AVNX at $.82!!!! Someone get Gilder on the phone! LOL!
The NAZ -7 and the sky falling on SEVERAL tech stocks. Nice cover up wouldn't you say?
EXTR $4.99 - Scary..
Corporate IT to still be stinky in 2003? That's what the market is telling me today. Could we be spilling over into a depression soon?
Let's get SEBL to the $5's so I can pull out my long term wallet. They are a great company and will be left standing when this is all over..
SAN SUCKERS - Just looking at them gives you a haricut today.
Hi guys! I've been away for a while. Doing a lot of house tours as I am getting ready to purchase one soon in Seattle. I shifted most of my trading money into my checking account a few weeks back before the NAZ took it's dive again. Today my wife calls me at work and wonders if we should put that money back into the market until we make an offer on a house. She is hearing all over the radio on how the market is going up,up,up. I'll tell you though, when your wife who knows nothing about investing and the market calls you to shovel your money back into the market, run away and run fast. This is the WIFE FACTOR and should be headed as being very bearish in the short run. Good luck everyone, as I will very infrequently play this market right now.
1147 NAZ is the best buy target. Waiting until then..
Well...I'm short AMZN and long KLAC. Unfortunately, I'm twice as long as I am short. However, if we do get crushed, AMZN did go up twice as much as KLAC. Hell, what am I rumbling about!
I'm actually hoping they shoot for 1355 on the NAZ so I can short some more AMZN in the $18's.
SantaCruz: Lets just hope the left shoulder is actually a left shoulder. If not, this is the head coming and it's gonna cause pain for a lot of shorts.
Evening stars all over charts out there. Better get a run eod.
Long KLAC at $33.90. Gotta go short and long on this market!
Zeev - looks like we get an immediate dead cat bounce on SKX. The volume is so low, I expect this to be good until tommorrow max.
Be sure to scale in your shorts. I still expect DOW 8750 and COMP at 1355 before this is all over.
Short AMZN at $17.57. No way it stays up here for options expiration.
sarai: Point well taken. I'm not in love with the stock (or even their shoes), but the technicals call for a bounce soon within the next several days.
Zeev: One more thing, sorry for all the posts. Nike reports next week Wednesday after the close. I noticed it went up today, and will probably be floating up until Friday. If we get a dead cat bounce to play trade on with SKX, it should be upon us by Friday, if not Monday the latest.
Zeev: Looks like footwear is a good indicator of eroding consumer spending. The great thing about shoes though, as oppossed to electronics, is that restaurants won't serve you without them on. Our NKE, SKX, RBK are all endorsing the fact that this Christmas is going to be lousy. I expect the markets to get going back to thier lows in December, since everyone is looking for the down draft in September and October. :)
Mike223: Speaking of Czech labor, my grandmonther and uncle are flying into Seattle from Prague today. Uncle is in his late 40's and has never left the country, or even been on a plane!
I really like how they mention that investors may want to wait it out before getting back into it. I suspect that the rise in SKX will be a lot sooner than peolple think.