Replies to post #520253 on Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Mar$-RIMM is being heavily distributed by hedgies

Just because MMs play the game and ramp and camp, the new holders (not you or Zeev who barely hold) are weak. Apple's new i-Phone gets promoted in early Jan and it will certainly have instant messaging and push email and lots of other features that kick the Crackberry butt. And EVERY CARRIER knows that RIMM does not count disconnects in its subscriber numbers. This company fraudently CLAIMS almost NO CHURN ! BS. There are used devices everywhere.

And the channel stuffing of the "Pearl" (we call it the "Poop" in our office) is unprecedented. RIMM sent these devices in max vol to all carriers they already had a Crackberry relationship with. Booyah! Gee, what happens when the kluges DON't SELL.

The SEC and Canadian regulators have been really embarrassing on this one. Friday 5:30 PM press releases, option backdating, MM manipulating, jam jobs and short squeezes. The Piper will be paid on this and I believe this is one of the worst ripoffs every engineered on the staock market. That's saying a lot

[madrose1]

What type of deviation do you require to negate or reverse a trade say like ss Rimm at 138. friday? Weren't we getting ready to flush that one when it broke 125?

Can't stress enough that until eps comes out and duels between analysts ests keeping flying about to trust the OS/OB /RSI indicators on the 60min/daily just like you use the 1/5/15min on the intraday . Here on the long 60min chart after RIMM hits crescendo high at $143 and does the first pb finding plenty of block sellers taking profs up there you see the first 2 bounces off the OS/60 min @ $130 where an exact OS/D-bot there put in for that timeframe You can see that little double dip there at $130's pretty clearly ...

Off those OS/$130 D-bot's on 60min you get the bounce back to $139/$140 ...right off the OS on the 60min . The market is still really really happy then , so notice how those d-bots hold for that time frame .But now you have RIMM @ OB/60min resistance @ $140 where you see that wall/ceiling forming there ...which also clearly just happens to be a --->D-top from before . So what happens to RIMM @ the OB/Dtop there at $140 but the pullback of course !
;-)

Now here's where the psychology of the market comes into play cause if you watched RIMM up in the $138's~$142's you saw that major players already took profs and dumped into strength and are out clean at the top . They even might have gone short too and there's worry about valuation and competition so RIMM goes on the slide all the way to $123's recently . Those players didn't care they were short and already out at the top . You can see those dumps on L2 and when they are 25k size thats a tip off<g

But notice how there is one bounce off the OS/60 @ $125 later on and a few others but chart still weak and for the real solid next bounce off $123's comes on the 2nd OS touch on the 60min there . It could have been that $120 could have come into play but that 2nd OS touch @ $123's is on improving RSI and almost always just like any extended sell off the 2nd OS/D-bot you get a reaction OS bounce .

On friday RIMM tarveled back up to a lower OB/ D-top at $138 and then it did the pullback again . Pretty whippy stock but using the OS/D-bot & the OB D-top on the 60min sure gives you a pretty clear roadmap to follow ....

( Wouldn't be so much more professional if some spent more time trying to help with charting these OB/OS pivots than the constant disruptions and the yahoo/chatroom---> bitching and griping ? But maybe they don't know how to short and are trading only 1 or 2 stocks )

[madrose1]

What type of deviation do you require to negate or reverse a trade say like ss Rimm at 138. friday? Weren't we getting ready to flush that one when it broke 125?

The short answer for this time frame would be that shorting RIMM at $125-$128 was being just a little late to the party just like some that bought at $138-$142 were prolly pretty tempted to get out again on friday at $138. Shorting at the top is always the hardest thing to do , thats where you have to trust the OB . But the best trade of all on RIMM was to be long from $63-$83 , sure was a short killer for 2mos running . But pros know when to lock it in....

(Think Zeev bought RIMM off an $83 dip the a/h night they were
reporting , sure wished i'd joined him then ;-(

[madrose1]

Theres alot of other stocks to trade out there like the oils, steels , coppers , miners , casinos , financials & homeys etc ...try to chart and mention here too

And they do great runnups and get OB and have their own OB d-tops too , which is why i shorted XOM on friday in the prmrkt at "$79" here
(thank heaven RIMM pulled back initially to $135)
http://www.investorshub.com/boards/read_msg.asp?Message_id=15576309&txt2find=xom


On XOM , notice the little OB/D-top at $79 thereand pulls back ? And then there's the 2nd touch to the same spot which is on declining RSI ? Kind of makes you believe that these OB/D-tops & OS/d-bots really work ? On friday XOM and the entire OIH/energy sector turned out be the largest weight on the DOW, pulling back almost 2pts .

Thats the spot the big money decided they were going to lock it in , even with oil climbing up past $63+ they were all selling off and the tip off was the earlier pullback from that OB/d-top .
So you wait for it to hit there agin to bop....
perfect example