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AKA Zeev's Stew.
You're right, my mistake and apology extended.
You said the OB on MRK was $44. How many OB's do you have on a stock?
Nice going, Lee. You seem to always come home with your pound of flesh at the EOD...
He should make it a paid service so that everyone could benefit. <gg>
Right. But as Zeev pointed out, he's not expecting much weakness in here (100 points or so). If someone's positioning themself for their Nasdaq expectation of 950 in '05, it seems a little early to be doing so here in '03 (to me).
MRK, IBM and JNJ are all near there lows. Like someone alluded to earlier, why chase, when those prices can be had at cheaper prices (as they are now) due to projected market weakness.
Your thinking seems to have been faulty, as the divergence has strengthened, not narrowed. That's why I had asked if it was anything other than a guess.
I think he was still bullish (as was Justa) around 1757 where you were quite bearish (before the 1860 break), as well as through at least October... So actually, I believe he enjoyed that little extra 100 Nasdaq points...FWIW.
Same here..Wish I had done it since March. <gg>
Guess that means yet another fork in your fork. Perhaps a IT high on Wednesday (CSCO?)..then a low going into OE.
Today's the day to see if your "high noon" high in the market call (before the 100-125 sell-off) happens. Who knows, it might go on to make higher highs...
I hope so, I have some from $28.31...but it goes on a touch of $27.75 without exception. Edit: sold it at $28.74
Ouch...
At least JCOM is holding in there so far..
Chicago PMI and help wanted index coming up at the top of the hour too..
Where were you when it was at $21? <g>
Thanks for sharing that publicly. I appreciate your daily contributions on the S&P and Nasdaq that are freely available. The accuracy of your counts has been incredibly accurate. I like how you roll with the market and aren't as easily shaken like most.
Thanks for all your help today, I'm sure you really appreciate it.
Do you have doubling up points in mind for MRK and MSFT if they continue to decline?
Do you have stop losses in mind for MRK and MSFT?
Thought that based on what?
It was Zeev's comments, you should pay more attention.
Since your cutt off point before the next swoon down is no later than noon this Monday (down 100-120 points I believe it was), do you have any inlination as to which day the next new recovery high might take place between today and Monday?
I think they're in the job search field (based on the web)..
Edit: ChiNets due to NTES..
No, it was a serious question. Thanks for the explanation. MNST is on sale if you're interested. Any news on the China 'Nets?
I just did, and you said your "pain point" was $28, but the selling price was far from it and red...
No big deal, I was just wondering if you saw something to give you earlier warning.
What happened to the $28 threshold (did you mean a different "pain price"...?)?: #msg-1649921
That's interesting Lee. Now how do they (or we)
define 'consistently'? TIA
Thanks Lee. Is that 5% of day traders only? I was just wondering if there have been any studies or statistics gathered that might show a divergence in success rates (or not) of day traders vs those who trade the larger time frames (swing or longer)... If you have learned something regarding that, I'd love to hear it. Thanks... And good night.
Yes Justa, you've been spot-on for awhile now with your calls, which aren't constantly wavering like a politician. Just wanted to extend a little kudos, and a thank you for sharing your insight that doesn't bend with every little whimpering breeze in the air.
..when Microsoft goes after them (it's not a question of if, but when), they will be at a disadvantage -- not because they will lack capital, creativity, first-mover advantage, be less constrained by corporate bloat, etc. ... but because search is conducted from inside a browser and Microsoft owns the browser.
Langostino, are you also implying that Yahoo! would also be in trouble as a result of this? TIA.
I don't think its been disclosed yet Lee...
Profit margins now are estimated to be 70-80%.
Yes Lee, those were factors to be sure. But if it wasn't for the ones you mentioned, all that excess liquidity would have puddled up somewhere else (whether it be real estate more so than now, tulip frenzie, gerbil mania or whatever else). I'm of the opinion that if monetary policy were nearly non existent, the economic peaks and valleys would be closer together, not further away as we have now; which allows some to believe that intervention for the purpose of a soft landing to be for the better. Finding that natural mean (the least interference) is best for future generations and would cause less economic gyration. At least that's how I understand it to be...
I honestly don't know how he acts. All I do know is how he called the ride up in to '00, was bearish right up to last Octobers lows, then was bullish from that point on, and is now resuming the bearish stance. Being that perfect would make me a little twitchy too I suppose. :)
Excess liquidity is/was the cause of the "bubble", not the solution, and its not necessarily the best cure now either. Notice I said excess and not no liquidity; you can have a soft landing induced by liquidity, but it's important to keep those credits in check in an environment bound in overcapacity. No pain no healthy gain.
I was only kidding around. She's always bullish (paid to be so), 5000 or 500, it don't matter.
A guy I think's worth that 10MM two fold is Michael Belkin...
Neither is Abbey Joseph C. <g> In edit: MSFT is on sale if you want it. I mention this because you had played INTC awhile back and spoke favorably of them both (as conservative plays) for next years expected run-up...
Maybe you didn't understand my previous post. If the 1840 area is breached significantly, is your near 2400 target on the table or not for next year?