LNKD darn strong Friday gap & all
Careful I was watching this action past 2 weeks. Very strong accum but til Thurs profit taking in advance of #s. Likely some ticked off players who fell they left too soon & may want to return if a dip. Plus any shorts will have to bale if still there.
I mean the thing was surging with force. Prefer to short once the downside action is showing. Example IBM been dropping and a H&S pattern setup. Just a long-standing rule of mine to only short into weakness. Shorting strength isn't with the odds and can get face rip. Further, try and short the weakest sister within a sector. Sort of the lions going for lagger in herd. Why bother chasing the head one and risk losing whole thing. The strongest stock in dropping sector will usually be first to reverse anyway.
Lot of people were trying to write off LNKD back when FB took that post IPO dump. Certainly a safer short choice once its overpricing was indicated than when got close to 19-20 a 'fair' price as social media goes. btw if FB breaks below that 71 pre gap up then a bit of an Island Reversal at hand. Given ongoing market retrace the big boys might want to beat FB down to a point where they can get some cheaps. Like say 50 to get 100.
If not breaking 71 prior high then they'll buy 75 for 100 and be done with it. Long range FB may do a LNKD unless they really dilute more and spend more.
Hey as to NYC and Mymammy (as Brits call it), we are on same wavelength. Spent short times late 70s on both FL coasts, N Mia & Clearwater Island. Been in Hells Kitchen pretty much since. Worked for Big 6 accounting to pay for art life. For 2 years had to p/t commute to Wall Street West Exchange Place so know PATH well. Just missed being at WTC side by 6 months. After the first attempt to take down the towers I had the icks each time below.
Friend at WTC felt the shakes from that first attack. We both were then spooked after the piss poor nothing moves by US.
I mean if I were the bad guys I'd be sure to come right back. A less determined enemy would figure, with these clowns don't care about this target so let's go elsewhere to hurt them.
Yes the genting of nabes is incredible both sides of Hudson. To that extent the bad ones haven't succeeded and are probably way torn up about it.
Sad part of this is those clowns are too stupid to not realize that if twin religions of Communism and National Socialism didn't bring down capitalism how could some antique writings. Luckily rigid castes are frozen in place.
Enough of that. Be well & catch the rays and seafood!
It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.
~ Thomas Sowell
AI
