You don't need stops when you're always right. <g>

I'm aware of that. I just didn't put one in because the market is gittery. I use mental stops on days like this.

Still short at same price with no stop. I did not put one in yet. We'll see where it closes, my guess is I'll be in the green.

EDIT: Currently at 42.03

OT What the hell?!? I swear I was just listening to that song. Not kidding at all.

Watching BRCM Olson? Hope you put a stop on your position, you'll need it. <g> #msg-3225678

Wrong board phill.

Zeev's Turnips Patch-No Politics

Amazing. MRVL down 3.15%. I shorted it yesterday at 46.69 (#msg-3217686).

My BRCM is also down, currently at 41.66. I have a short position at 41.80 from yesterday. (#msg-3217466)

Two double top plays doing very well. Nice.

Comment on recent PR? #msg-3221159

False statements? Convicted felon? Interesting.

Don't be silly. Brokerage houses never downgrade a stock before it falls, only after. <g>

WillyWizard, any value is overvalued for QBID.

Short on MRVL at 46.69 - holding out for high 30s.

ORCL stopped out for small loss (1.5%), 25% of portfolio in BRCM short, another 25% in MRVL, 50% cash.

Short on BRCM at 41.80, waiting on MRVL. Looking to hold for atleast until week's end - ride out downturn.

It has not shown much signs of slowing down, my prediction was merely based on its previous high. Time will tell of all things. I would be bearish on weakness. But with the unsure market we're in, it's difficult to be on the long side. Good luck.

Truly RIMM is the "energizer bunny" of all stocks. Haven't witnessed such a run since the late 90s bull market. Someone who watched the stock closely enough might possibly be able to take advantage of it's eventual overbought condition, making a nice profit on the short side.

Thank You BB! I have bookmarked your board. I will visit often.

You care if you took the time to respond to my post. <g>

Joe Stocks, I apologize if I came off as rude, no disrespect was meant towards Mt. Blanc. I too was just sharing my ideas.

However, when other people unapologetically come off as arrogant and brash, as Olson has in recent times, it is difficult to ignore their open and rude invitations (see first line of #msg-3185465).

Excellent news! Olson will be so pleased; from what I understand, he currently is long on BRCM and disagreed with my bearish sentiment. Also, with rising oil and a newly realized danger regarding Saudi oil related terrorism, this rally is over. Put your shorts on. <g>

Amazing. What luck I've had this week.

Jerry Olson said to buy BRCM, even though it was trading at a triple top. Then, just a few days later someone mentions MRVL and claims it too is a buy, even though it is trading at a double top and in a market heading lower due to rising oil and oil related terrorism.

Both BRCM and MRVL are excellent shorting opportunities. Incredible. Mt. Blanc, many thanks to you my friend.

Hello bb_stock. Does your board focus on smallcap investing or just trading? If so, what smallcap stocks are you invested in?

Also, if anyone else is reading this, I'd love to hear your long term smallcap prospects.

Thank You.

Aren't you concerned that what you're doing is illegal? The RIAA frowns on the public sharing of copywrited material and is not hesitant to file lawsuits.

Wait until 2007 when the population of babyboomers in their peak spending year drops off dramatically. I suspect significant decreases in housing prices, with the exception of condominiums and retirement units.

Yes, it's going to happen, it's just a matter of when. Housing prices may be flat for several years.

Humble question.

Why are you guys posting so many songs? Are you creating some kind of archive of music? Just curious.

Thank You.

Humble OT inquiry.

The quote mentioned in your signature has been falsely attributed to Benjamin Franklin. The actual author of the quote was an associate of Franklins' named, Richard Jackson. When Franklin later read about the quote, he denied it completely. Also, the quote was not about any form of security, it was about a tax dispute involving descendents of William Penn living in Great Britain.

Not trying to be political, just historical. <g> Just thought I'd point that out. I see that quote so often attributed to him, I had to say something.

Pennyking, You need help.

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=20054418

You're incorrect when you say OBL attacked us on 911. OBL is just a sock puppet and financier in the terrorist network. If he died tomorrow that would not effect the risk of terrorism one bit.

To defeat terrorism, you must go to the roots of it...but then the question remains...where are the roots?

Also, if my Nasdaq predictions prove correct, BRCM will head lower very soon. If the market shows signs of weakness this week, I will short it.

Look at this chart for the Nasdaq:

http://finance.yahoo.com/q/bc?s=^IXIC&t=6m&l=on&z=m&q=l&c=

It's forming a nice bullish wedge. In order for that wedge to survive, the market needs to go lower to it's mid-March/mid-May lows. If the market continues to rally, the wedge will be broken. With more oil concerns, attacks and volatile prices, I suspect the market has temporarily ran out of fuel (pun intended). I suspect we'll see 1900 again within the next 2 weeks. JMHO.

It looks like we're in for a "Bearmove." I'm considering shorting BRCM tomorrow. The most recent rebound more than satisfied the market and gave it reason to fall back to this month's lows.

Maybe if you're trading a tech stock, but the market in general is moved by fundamentals, not TA.

We'll see in due time. eom

It's a shame triangles don't predict earnings. Who do you think the markets will follow? The disputable triangle or the strong earnings?

Never cared much for triangle formations. With very strong earnings, the market is not about to fall to yearly lows.

It's a falling wedge, trust me. ;) <g>

Each short term rebound will not run as high as the last. The reason I believe this to be true, is because I believe the market is forming a bullish falling wedge. Also, the oil and interest worries were not as relevant 6 months ago. I don't believe the market will rally to January highs. Each short term rally will be less and less, until the wedge matures and a large rally will take place, similar to what was seen in January.

Also, when forming a wedge, the market does not need to trade perfectly through the channel. Only needs to make the "general" formation.

EDIT: I see in your 1st link, you have a wedge being formed. For some reason I only clicked on the 2nd link.

Depends on where the market goes.

I suspect the market is running out of gas. I will most likely be shorting BRCM next time the Nasdaq ends significantly down - that will signal an end to this rally.

Thanks. I will certainly take a look at them.

From what I can see, the Nasdaq is certainly ready for a correction from this recent rally. The bears have the upper hand in the market right now, this most recent rally was only the product of oversold conditions.

BRCM is on my "potential shorts" list for this week. I'm looking for the correction very soon - will get in right before it hits (hopefully <g>).

Double-top RSI: http://stockcharts.com/def/servlet/SC.web?c=QQQ,uu[h,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&am....

Also, if the Nasdaq follows through with the correction at this point, that will make it another step closer to creating a falling wedge which will mature right around Fed time. Good Luck.

Wait until the babyboomers begin retiring. The babyboomers aren't like their parents...they wouldn't be caught dead in Branson, MO - they'll be in Vegas, and they'll flock to Vegas in droves. Vegas' population will exceed 5 million 20 years from now.

From my experience in trading, particularly swing trading, I've found that it's never wise to buy a stock that has already made a significant rise. Especially when it's trading at a double or triple top, which is one of the most reliable trading formations I've ever encountered.

And may I ask, what are "the wiggles"?

Interesting. Look at the RSI for the QQQ. Have you got your shorts on? <g>

I'm long on ORCL, but it has done nothing for me, unlike my SEBL, which I sold for a 11% profit in two weeks. I will get out of ORCL next trading day. Currently considering shorting BCRM.

Olson is long on BCRM at 41.50, I asked him his logic behind this, being that BRCM is clearly trading at a top and begining to show signs of weakness, he had little rebuttal. I think he's too cocky for his own good.