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If MSN cancels I have a mathematical projection of $1.79 on the SP ... The line (in the 10-Q) that seemed to worry people was "LookSmart added: "Based on our discussions with Microsoft, it is likely that the licensing portion of the agreement will be renewed, but that it will result in less licensing revenue than under the current agreement." "
Smugs ... was this in the previous 10-Q ???
There is a little buying support at $3 and the SP will probably drift lower .. how low who knows ... logic says $2.75, but the rules have changed if the revenue expectations have too.
http://www.stockcharts.com/education/What/MarketAnalysis/elliotwavetheory.html
All you blind longs ... why do you continue to believe smugs has any, ANY !!! idea about SP and markets .. he can spend all day on the internet doing DD ... but wake up you drongos and read the above educational item, and start to think a bit for yourselves!
Regards
Buying a base again at $3 .. sold others when warning signals hit, under $3 now ... watching to buy more ... YUM!
Hmmm .. they're setting it up for another sell-off by the looks of it! Under $3???
Ollie .. In theory it could go to $2.75 odd if my eyeballing the chart is right ... but there's alot of buying down here so I figure we're 10% from the possible bottom and its all just manipulation by the looks of it ... buy the rumour, sell the news .. The 10-Q was too specific I guess???
Regards
Bought LOOK $3.11 / $3.12 LOL!
OT pinuen ... I've seen reference to KAZ on Oze heaps ... but as I've been focussed on a few others I haven't caught up with its huge rally. But just for you ... In Jan it topped out at 29 and currently its RSI says overbought .. so slim chance it breaks through 29 from here IMO. I have experienced that at the top of most market runs, its the small Cap stocks that run like headless chooks .. and I'm of the opinion its the top of the market or thereabouts, give or take a week or so. If so KAZ should top out at 29, retrace to about 23, rally a bit then retrace again to about 21 if it follows normal patterns and if I'm right that Sept is a weak market month where it is confirmed there is no US 4th Q economic recovery. Lots of ifs and buts I'm afraid ... don't know anything about KAZ so perhaps dead wrong, but I wouldn't rush off to buy it here TA wise.
Regards
Good evening LOOK longs .....................................
Just popped in to remind you that US Friday is Options Expiry day .. so don't be surprised if it zig zags all over the place and results in a nothing kind of (index) day.
The AORD chart is looking very very toppy to me and I assume with US OEX week out of the way we'll see a bit of a pull back in the US next week that flows over to Oz, and probably LOK. (smugs 15th news ... ?)
Good luck ... Andy
Traden ... Wave Systems' EMBASSY Trust Suite Complements Atmel's Trusted Platform Module With Enhanced Applications For Trusted Computing Platforms
OT LS ... I figured you were "tounge in cheek" Regards.
TRANCE LOL ... Hey Mr Journo - what publication???
Hmmm ... this will be interesting ... YOU 'oids really should nominate someone!
Hi Traden .....
I just caught up with your posts on IHub ... great we're a tag team now eh?
Oh well ... no big deal ... but it sure is nice to see the doubts in Smugs setting in ... now he's more or less promised MSN news Monday ... getting real desperate to restore his credibility!.
Sure I hope he is right ...and he'll be praised for being so ... but any fool knows it would have been better to buy at 27c for Monday than hold since 31! LOL.
This TA is sure lucky eh!
Oh by the way ... I' going to avoid IHub from now on ... points made ... jerks like MX aren't worth the time, my time and my advice. I'll post on Oze occassionally ... but this whole exercise was only needed after smugs et al got so personal a few months back on Oze. Just because others have another view the tank dwellers automatically put them down ... so I've achieved a few things now and can retire a bit.
Achieved the success of getting blind BS and standover tactics off Oze.
Achieved a complete exposure of smugs for what he is ... someone who's so in love with a stock he can't see the forest for the trees. A market ignoramus.
Achieved the exposure of the blind longs for complete market novices ... ever since the 100 Club ... still brings a smile to my face LOL. (smugs ... what's DD ... snigger!)
But best of all I suspect I got in today at prices better than most of the blind longs (yeah I know they'll say I bought in 2002 for 10cents ... yeah, yeah and some paid $5 too) I've had two bad trades so far, stopped out for little losses, but my winning trades are probably numbering in the mid teens by now ... so I figure all my current position is basically free ... and I'm right there for any NEWS on Monday! Ha ... that must cheese the blind lot so much ... and my moneys been working all the time.
Sure if LOOK drops tonight!!! ... who cares ... the stop will work this time cause it's in place.
But the best thing about all this is I found another TA'er I can trust ... cause if the blind longs hate you so much you must be OK!
Got lots of respect for simon and Tex too.
All the very best ...
Andy
Hey smugs .. get lost ... the test is LOOK and YOU'RE Wrong time after time. You're wrong on the economic calls, you're wrong on the AH interpretations, you're wrong on the support levels, you're wrong on the analysts tactics, you're wrong on the earnings interpretations. Basically all you can do is search for LOOK DD (which you do well) and then blindly ramp it oblivious to what else matters.
Last time you asked me for a "better" stock to invest other than LOOK ... I said LOUD (when it was 40c odd) Take a look at it now.
A few days ago I specifically told this board to forget about LOOK and get into WAVX. Take a look at it now (the call was when it was approx $1.25 - Traden did!)
Smugs I have nothing to prove anymore ... my track record speaks for itself. However you seem to need to issue me with new challenges when it is you who needs a reality check.
REMEMBER ... I've been saying I'm largely cashed up, remember I'm only trading a few US stocks. You remember this comment, unlike the last time I suggested you look at a few significant charts ... which you didn't do ... REMEMBER.
Now is the time to be largely cash!
How does that saying go? Old dogs and new tricks?
Regards
Irish Mike ... do you want me to buy your shares for you too?
I have better things to do! Bye.
Gawd smugs that takes the cake ... whatever (you think in your blind frustration) ... its a hell-of-alot better than "it'll never trade at $3.90" LOL you old fool!
LOOK TA ... for non-blind types only!!! ......................
I'm a real novice on whats called Elliot Wave theory .. but I'm practising it on LOOK as LOOK seems to be a pro trader/insto/broker driven thing so should closely follow TA.
This down move is either complete (or very near it- really needs one more day to confirm) and should soon see a new uptrend.
We have either had a three leg down cycle or this is the first leg of three down! (little warning there - remember in a few wdays/week or so).
Either way ... If $3.41 holds as the low .. the logical first target up is (probably) $3.93. At this point the price should waiver before big run (the third leg up is normally the big one) or big down .. but essentially, if this bottom holds tomorrow we have the luxury of a few days for good news to hit the price and we run accordingly.
I'm very new to all this Elliot stuff ... so don't hold me to it ... believe what you like, but it has thrown up $3.90 first then $3.66 (which failed) and now $3.40.
Don't thank me .. thank Elliot LOL.
And for you blind caustic foolish tankdwellers .... thhhhhhhhhhhhhhhh - (the raspberry! LOL)_
Regards
LC ... The MM's seem to have free reign on LOOK .. I suspect they just let some nervous Longs sell to them in the last few minutes, I wasn't watching them too close, but my impression was the MM's weren't wasting shares then ... there as so many day traders who hate being long overnight and as no real run happened they had to dump somewhere ... JMHO.
With that new AH site (did you catch my post on Oze yesterday?)... watch AH trading today.
Normally I'd say that was the bottom - definitely given its apparent bounce at a key technical level and a couple of other things ... but the volumes a worry.
Either way ... I'm now long a reasonable amount. My calls today were all over the place as I was concentrating on another.
I suspect a good LOOK trade either way.
Regards
YHOO seems to be the problem .. whereas LOOK wants to run, YHOO wants to breakdown again!!!
Going to be a close call!
LC .. What's worrying here is the lack of bounce and volume ... I'm not yet 100% convinced I've made a good trade ... going to be an interesting close.
They really have this one on a string!
Regards
LC ... I'm onboard!!!
Average not too flash, estimate just under $3.6 ... LOK 27.5 which I figure is probably better than I could buy in Oz today anyway.
Regards
Hope it wasn't $4.46!!! Naah there's a three in there ... neeeed sleep! LOL
LOOKs Now $3.55 ... See they can play with it as much as they wish, three fake dips, now they let it run.
Regards
LC ... Follow the posts will you!
I'm doing OK!
Regards
PS .. Looks not, they're trying to break it down!
Last Buy 4.46 ... expecting a break one way or other soon, stops in.
Basket ....................................................
be carefull when Nas gets close to 1700 in this runup .. IMHO.
Regards
Man ... yep and trebbling down today (forgot my stop!)... It's trying for another go at $3.46, back to $3.47 now. News of highest Mortgage rates in a year may hurt the market ... but I'm assuming a rally towards close. Technical target LOOK was $3.40 (memory) ... watching.
I don't normally watch through the night but WAVX is so volitile I really have to.
Regards aha .. Nas green, LOOK $3.51 off we go.
$3.46 .. $3.56 now 1M shares ... appears to be the turn eom
Spike Down ... waaaaaaaahoooooooooooooo! eom
Ummmmmmmm ... not convincing at all, volume too low, it really needs to spike down to $3.66 and reverse with volume ... will average in if so tomorrow. Was so busy trying to figure out WAVX I forgot to place LOOK stops. Think I have WAVX figured ... if you think LOOK is manipulated take a look at WAVX chart! Its done a whole two years trading equivalent (with LOOK) in four days! ... what's happening there is the BIG boys ARE playing with it big time to bank some IMHO. I'm trying to do same, but seem to be one step behind ... obviously I'm not a b**stard, 'cause I can't think like them, LOL.
Regards
YHOO bouncing on good volume, market HAS to rally to save Bush, scalp trade LOOK 3.79 entry ... First Fib target $3.99, second $4.15 ... then wait for $3.66/$3.40 to confirm bottom of this phase down.
Regards PS ... open minded for New$ of course
YHOO traded under previous low - all bets are off! Breakdown???eom
Eh??? But if you look at the dat(a??) we have had supporting a underlying growth and strength in the US economy .... hmmm ... Oh yeah .. where did you see this ... on CNBC? ... The FACT that interest rates have soared is the real measure of the extent of the problems the Yanks really have ... while they're up .. read my lips ... NO RECOVERY!
Clearly one of the above is wrong!
Smugs ... It won't trade at $3.90 ... Smugs ... the economy is recovering. Smugs stick to the DD for gawds sake ... you're a sucker for the media PR.
It looks like a LOOK $3.67 ish bounce tonight if the Dow can stay out of trouble.
The interesting thing about TA is it can get things very right from time to time.
YHOO made a low of $29.56 a while back and unless it goes lower tonight you'd have to assume it rallies first giving the early warning signal to get ready to go long LOOK around $3.68-70.
Then hang on for the ride and raise stops waiting for this market DCB to fail.
(Anyone spot EBAY's breakdown???)
Should be fun.
Regards
Nope .. she's broken down I'm afraid, the MM's were buying and selling to distribute, and as its moving down so orderly I have to assume they're in control of this as there's no real buy side support .. watch for a big fast spike (keep $3.66 in mind) later. Forewarned!
Regards
I think I'm seeing the MM collecting them about $4 .. they seem reluctant to push it lower ... but volume not much ... at this rate it could hold $3.92/$4 .. hope so for Longs anyway.
Regards
Ollie .. Look up Fibonacci and do some study .. its about interpretation ... and you have to make a few assumptions ... also you need to study Elliot Wave theory (I'm still learning this one).
Regards
Confirmed $3.87 now! eom
I'm sure I just glanced at $3.88 pre-market on the streamer ... spike down open? eom
OT Hi Snacks (it is you now, isn't it?)... congratulations from down under down under ... I'm absolutely delighted for you and just imagined the jig you did all day when you saw the INTC PR. I'm real impressed with your guts, determination and most of all belief. (Along with all the other old timer longs - unlike the fly-by-nighters like me - LOL) Kind regards.
Weeeeeeell I see there's a bit of negative PR ... it always comes back to its average, whether tonight or later.
Please note EBAY has broken down, YHOO is very close to same, the measured move for LOOK is technically $3.67 according to my abacus, which would incidentally make this the third of three legs down ... bottom for now if the market rallies on CSCO and we get good volume V bottom.
Let's wait and see. Till tomorrow.
Regards
LOOK TA ... short term oversold here, 50% of the downmove to $3.90 suggests a retrace to $4.35 tomorrow ... as stated before I suspect this could be two days sideways to up before the third leg down ... very very likely now if CSCO earnings tanks the market.
Good stock pity about the market.
Regards
OT ... anyone (Traden???) here pick up some WAVX??? New news today ... IBM using their tech as well ... product sales 4thQ ... regards
Traden .. thanks .......................................... email andy5pandy5@hotmail.com and I'll explain my strategy and a possible answer to your question ... best do it soon Regards