Inf_q, from one die-hard to another, I agree that the situation in Lybia and the spike in oil prices have caused a general market pullback. But IMO the reason we are getting hit so hard is not to fill a gap, nor is it because of a 3 penny earnings miss.
This drop is the result of two things, IMO.
1. Uncertainty of the CAFC decision. 2. Failure (so far) to re-sign LG and the resulting lower revenue guidance.
<<claim that the TA predicted the drop from high 50's to where we are today.>>
Infinit_q:
I have never said that TA could "predict" things to come.
I repeat: TA ONLY gives star gazers a headup in the volume of upticks/downtick and the buyers/sellers.
And I repeat again: TA ONLY gives star gazers a headup in the volume of upticks/downtick and the buyers/sellers.
How to decipher these data is up the beholders.
Middle East brauhaha is only an excuse for the bears to bring the pps down and the regurgitators to regurgitate in the media (so that thet can earn their keeps).
Good luck.
PS. If you see my net buy/sell volume data since the cc day, you will have a different opinion regarding TA. Seek and ye shalt find.
I also wear the "Die Hard" label, and I have since I bought in at about $4.00 several years ago.
I promised myself more than once that I would sell it all if it reached $30.00. I made the same promise that I would "sell it all" if it got to $35.00.
I still have it all.
Don't deal in "Stop Losses". No Puts. No Calls. No Margins.
Still glad I didn't keep the promises I made to myself.
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