Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
RE AH 100K block .. here it is
16.11 $ 3.70 1000
16.10 $ 3.67 50000
16.10 $ 4 100000
16.09 $ 3.66 3100
16.09 $ 3.65 5000
16.09 $ 3.65
Regards
diligent ... you're a blind fool! eom
Market FA 101 .. Interest rates up, housing prices down, economy slows down, equities sink.
http://www.investorshub.com/boards/read_msg.asp?message_id=1277588
LOOK TA Class ... http://www.saavycharts.info/
This will ruin your weekend!
Regards
TG ... why thankyou. I'm not certain what info precisely set the indices to fall as they did Thursday. But the FACT that Thursday saw a (TA) nasty candlestick in the making by 3pm was enough to convince anyone watching the game that NOBODY believed the Economic figures that were tarted up for open that morning. Basically the market doesn't believe the BS from the Fed anymore. IMO Thurs 8.30am was the last straw.
The Employment figures on Friday were probably used as the excuse to sell off ... I came across the idea expressed by many very respected people and just passed it on. There is no one area you can watch, there is no one conclusion you can make from any piece of data as "the market" often uses info to move the market anyway it likes ... you've seen this forever with LOOK.
So I can't offer you a definitive answer other than to say that you have to constantly interpret what is happening, rather than decide for yourself what you think should happen.
I know this sounds BS ... but that's the game!
Here's a website that guides you to understand TA for the Dow for free ...
http://www.signalwatch.com/markets/markets-dow.asp
You'll get free daily emails and for ages you'll not understand what Ed Downs is saying .. then one day the penny will drop ... start reading it daily ... he never says what will happen, he says what could and normally should happen and todays gem is ... ""Since the consolidation has formed at the lows of the current move, a downside break is the most likely scenario. Therefore, watch for a break at 9,140, as this level could lead to a much further retracement. Otherwise, an upside break from the range at 9,200 could send the index back up toward the 9,360 area of the wide range. ""
Yep .. more could be up could be down ... that's TA!
By the way - if LOOK forms a consolidation at the lows of the current move, a downside break is the most likely scenario!
Regards
2 days ago - "So If this is a jack up ... with the Asian indexes off today and so much economic data out .. they should try to push it under $4.25 at open and force it down to $3.90 - $4, then they buy it big time depending on news and the market.
If old Elliots wave theory can be applied (and I'm a rank beginner here) ... then last night was the top of the last fifth leg ... so we should now get a three leg down cycle ... first (probably) to 31.8% retrace ... $4.08, then a rise to $4.44 then the big leg down to $3.675. At which time we start another five legs up. (all assuming no news!!!)"
Now THERE WAS NO BUYING ... so I have to assume the second scenario comes into play.
Regards
Ollie ... hmmm .. but the volume was pathetic ... I suspect a couple of inside uppish days then the big move down. Regards
WAVX going to pass LOOK! LOL.
OT Traden ...........................................
Good on you ... WAVX now settling over $3 ... $2.74 stop seems a very safe play.
Regards
smugs ... you specifically stated LOOK would not trade at $3.90 yesterday ... YOU simply don't understand the markets do you.
Traden - hope you bt those Wave's back - up 30%.
Regards
IMHO ... no commitment in this bounce = DCB ... if market turns over next few days three leg down cycle will happen ... big leg down to come. Regards
smugs - $3,90 printed !!!
$4 looks to be going to fall ...
Employment - non-farm payrolls posted a 33k drop EOM!!!
SAM ... boo ... still awake 2.47pm here ... the cows can wait another day for some fresh grass ... yep I'm getting asked what gives in Oz ... no new NZ future oids yet! Regards
smugs ... pedantics ... employment ... we'll see .. you stick to your narrow vision ... I'm only trying to enlighten the fishbowl occupants to the nature of the market ... maybe this maybe that - sure - the only constant is change etc etc, but do a search for "shooting star candlestick" on Looksmart, go on .. read it ... look at LOOKs chart ... go on ... got to go ... been up all night ... best night for quite a while ... I'm out of posts so ... till we meet again.
Regards
Is that DDope ... doh DD for gawds sake where you been?
Smugs U Buyer is a 100 club member! How do you spell D O P E ?
smugs .. I try to be nice to you. You keep making market announcements that are way out of line ... your DD on LOOK is great ... stick to your knitting.
Regards
smugs ... the rumour on the street is that tomorrows jobless numbers have been leaked and are terrible. If so would confirm the TA. The only hope is Saddam ... lets see if they spread a rumour to counter any bad figures.
I read somewhere that the Yanks want to play "catch and release" with Saddam at least three or four times at strategic times. LOL.
Regards
MX .. looks like you're the Turkey
http://www.investorshub.com/boards/read_msg.asp?message_id=1267942
many happy returns.
OT Traden .. the pleasure is all mine ... trade the daily RSI's on WAVX and start accumulating from profit ... their news last night means that the PC motherboard is changing its design to accomodate them .. first time in twenty years for such a change ... WAVX is now a $100M Cap company due to play a significant part in the new era of secure computing ... Govt PC's, Airline PC's etc etc you get the drift.
regards
MX ... you're a bonefide wonker .. take a look at todays chart for WAVX and see why I don't give a poo about you or this stock today. LOOK HAS NOW confirmed its broken down. Nothing could spoil my day today. And ... I'm doing very well on LOOK .. may I suggest you take a TA course on stockcharts.com and open your eyes and clean out your gills.
Regards
Market TOP TODAY ??? Be warned ... todays US market actions may convince many its the top ... they didn't believe the Economic Data of Mass Destruction, the S&P spiked touched 1000 and retraced on volume ... be ready in case ... Regards
angelo .. because the expectation of longs pushed the price way too high and the MM's know they have the stock by the short and curlies ... which is why LOOK is a fantastic TA stock.
Regards
Gotta say ... LOOK's consolidating near its lows on high volume with MMs ranging it between $4.25 and $4.35 ... not a pretty sight with the general market rally ... let's remember folks ... be carefull out there.
Regards
Traden ... MSFT factor ... (from a mate)
FORTUNE
Tuesday, July 22, 2003
By Roger Parloff
Last month, when Microsoft announced its bellwether decision to award employees restricted stock instead of options, it also made news in a federal courtroom--the kind of news you keep quiet about.
Microsoft suffered utter defeat at a crucial pretrial hearing in what appears to be the highest-stakes patent litigation ever--one in which a tiny company called InterTrust Technologies claims that 85% of Microsoft's entire product line infringes its digital security patents. (See Can This Man Bring Down Microsoft?)
InterTrust's engineers developed and patented what they say are key inventions in two areas: so-called digital-rights management and trusted systems. The technologies are essential to the digital distribution of copyrighted music and movies, and to maintaining the security of e-commerce in general. At its prebubble height, InterTrust (founded in 1990) employed 376 people and marketed its own software and hardware products; today it consists mainly of a patent portfolio, 30 employees, and this lawsuit. An investor group led by Sony Corp. of America and Royal Philips Electronics bought the company in January for $453 million, hoping to convince consumer electronics and tech companies--beginning with Microsoft--of the need to license its patents.
Microsoft argued in court that crucial phrases in InterTrust's patents were too vague to be enforceable, and that others required such narrow interpretation that they would have been hard for Microsoft to infringe. But in her July 3 ruling, an Oakland judge resolved 33 of 33 disputed issues against Microsoft and rebuked the company's lawyers for wasting her time by promising proof that never materialized--legal vaporware, in essence.
"This is simply another step in a long legal process," says a Microsoft spokesman, putting the best face on it. "Microsoft will continue to defend itself against what we believe are groundless and overbroad claims."
As agreed before the hearing, the parties now enter a round of settlement talks. Though InterTrust declines to place a pricetag on the suit, it's hard to imagine the company settling now for any sum that does not have a "B" in it. InterTrust claims that its inventions cover technologies that Microsoft has been weaving into its Windows XP operating system, Office XP Suite, Windows Media Player, Xbox videogame console, and .NET networked computing platform, to name just a few. If settlement talks fail and InterTrust prevails in court, it would be entitled to a court order halting sales of all those products. InterTrust CEO Talal Shamoon asks rhetorically, "How much would that be worth to Microsoft?"
Hi Guys .. congratulations everyone, Snackman a special hi, and SAM .. a special friend.
Regards
Ollie .. or a Nightmare if you fell in love with it like I once did .. taught me NEVER never never to fall in love with a stock again .. hence my alloofness on LOOK! Unfortunately LOOK has traded under $4.25 and so far the market seems to be suspicious of the eco numbers ... Numbers of Mass Destruction???
LOL Regards
Wow .. eco Nos great - forget LOOK watch WAVX today Waaahooooooooo .. this is huge!!! eom
smugs re AH trading. Good DD! The interesting thing about this is that the service I use (and I assume the "normal" public commercial services) DONT trade between 4pm and 4.15pm. So perhaps what the figures show from after 4.02pm to about 4.20pm are mainly off market transfer of two X 2.6844 million share parcels at a predetermined price.
http://host.businessweek.com/businessweek/Historical_Quotes.html?Symbol=LOOK&StartDate=07%2F30%2...
Why $4.403 ??? $4.403 ??? As I reported during the day the days trading was manufactured to hell ... no reason for some of the bounces .. one minute the MM was selling into support next thing he goes the other way ... I wonder if he wanted to close it as close to open and $4.40 as possible. Certainly the $4.80 level was shorted as was the $4.25 level bought.
Then at 4.30 pm the MM just packed up and went home leaving the trading to wander down till close of AH trading. But always trading at or above $4.25 except what looks like 900 shares at $4.24. (when the junior MM in training went to the loo! LOL)
One possible alternate idea is there was only one parcel of shares transferred .. but they were transferred twice ... once to some insto then again a few minutes later at the same price to their holding company ... Makes more sense to me than the likelihood of two identical parcels trading. But the significance of 2.6 or 5.2 Million shares AH is probably not an issue. What's the stock price going to do next?
So If this is a jack up ... with the Asian indexes off today and so much economic data out .. they should try to push it under $4.25 at open and force it down to $3.90 - $4, then they buy it big time depending on news and the market.
If old Elliots wave theory can be applied (and I'm a rank beginner here) ... then last night was the top of the last fifth leg ... so we should now get a three leg down cycle ... first (probably) to 31.8% retrace ... $4.08, then a rise to $4.44 then the big leg down to $3.675. At which time we start another five legs up. (all assuming no news!!!)
Then again, perhaps the yanks did land on the moon after all!
I'm going to watch the pre market trading tonight with interest and get ready for an active night.
Regards
Ollie ... take a look at the daily chart ... there was a good bounce off $4.25, but it didn't hold and ran out of volume into close then 5 Million in close ... whew when has that ever happened?
I don't know who's buying, let me know if you do, but I see massive massive manipulation here ... the pro traders just zoom in on any big volume mover for the day and shares get traded 8 - 10 times ... there may have been only 2 million shares actually changed hands at the end of the day. They were selling it off to support with a 15k buy then it would run a bit, the 15k would dissappear and they'd short 4-5 cents worth of buys in one go, and round and round she went.
I saw $4.24 AH, which to me suggests break down to $4 ... and I have $3.97, then $3.85 odd as key support levels beyond that ... !
As for my holdings ... sold all longs yesterday, just daytraded two buys two sells today for a small profit, and will do so based on what I see daily.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=look&sid=0&o_symb=look&f....
Ollie ... would you call that candlestick a shooting star?
Regards
Baaaaaaaaambi and TA ... don't think I think she knows anything OK! She's just a fawn as far as I'm concerned. TA ... it looks like $3.97 is a critical level tomorrow ... personally I see a retrace back to $3.53 ... say $3.50 now.
Yeah I know it sounds ridiculous ... ra ra ra etc ... But remember all stocks return to their average ... there is no exception and right now the 18 SMA is $3.25 and the 200 SMA $2.75 ... so $3.50 is hopefull, bloody raging optimistic actually.
Regards
Hmmm ... odds on a return to $4 tomorrow? High I'd say. Regards
LC ... yep ... I just posted this as an informational service LOL. Baaaaaaaaaambi seems determined to write the negatives on LOOK always.
The MM's are really playing with it today ... they're dumping and then setting up the odd rally. I'm buying slowly as I see them buying.
It may try to go to $4 now .. no sign yet of a determined bottom. $4.25 could hold on the second attempt if so there's promise there ... going to be an interesting close.
Regards
Ahaaa ... she's broken up again ... MM's on the buy now!!! Waaaaahooooooooo!
Baaaaaaaaaaaaaaambi!
http://cbs.marketwatch.com/news/story.asp?guid={AF8A4B6B-7B04-4102-88EB-39B4ECF9000E}&siteid=mkt...
Fight going on at $4.45
MM's trying to take it lower .. $4.30 odd??? (Fill the gap)
Regards
LOOK going nuts $4.50 odd .. all over the place ... lots of buyers!!!
Regards
Hey smugs .. what you drinking? The SOX was up big, the IIX was up, YHOO only off .73%, OVER .55% whereas LOOK down 1.79% and ASKJ 2.81%.
I decided on a few more at $3.81 at close.
I see the last two earnings LOOK was shaping up exactly like this and dumped .. same charts etc etc ... so I guess its the nervous Nellies selling. Problem .. I didn't see any MM buying at close. Tomorrow?
Gold and SILVER now breaking out - warning! TBonds just spiked last night - warning! If interest rates go up a half percent what happens to the US and Oz (worldwide??) housing markets, hence the economy ... been saying this all along!
Bush needs another rally into elections ... looks like its coming (sell then) ... Here's hoping that LOOK can break the cycle of earnings dumps ... it actually looks like it may to me as all the contrary conditions would seem to be in place prior to earnings this time.
Regards
Irish Mike (smugs) ..AH today had NO SIGNIFICANCE at all ... as most of them were mine! LOL. I saw smugs DD (Due Diligence - research (or a great pair - depending on your frame of mind LOL)) and wasn't sure if I was going to be around Monday trading so just thought .. If it's good enough for these new directors to pick up a few at $3.93 ... what the heck I'll pay $3.94 for a few to go into the "holders" box ... LOL. FWIW I bt 3k, 250 at $3.93, and splurged out $3.94 for the remaining 2750. I've been up pruning pine trees and just got back to see the buy confirmed. I like insider buying .. especially the new directors who don't have huge holdings, as to them it's real money being invested ... just like yours and mine. Their buying could be considered a strategic opportunity ... specifically a full two days before earnings. (smugs - thanks once again)
Regards