Replies to post #155858 on Option Millionaires

[madrose1]

MA is really a tricky one to catch, totally understand but yest was easy for knew from previous trading patterns what those hedgies in MA would pull.

NFLX & AMZN was positive would see proftaking, tho played both long, what seems choppy to most is just the funds doing their last manipulations ramping them knowing shorts are skittery at these toppy levels , then selling into that. Its win win for them and market is easily manipulated with coordinated buy programs in prmrket & on the open. Icahn gets to release parts of his holdings systematically 10pts higher, why 177 & 175 was R on NFLX

Yesterday on stocktwits some "chartists" were prepared "to buy MA once it gives the buy signal above 535, i simply told them it was double top high R at 533/34. They squeezed it up prmrkt then dropped a load into that open, they do this all the time , i just trust the charts because they see 533 double top too.

Longs get conditioned to think it all keeps going up & up, thats what funds also count on to sell into.

[madrose1]

RIMM +3.6% was good bounce play, for all the negativity the dynamics were prolly literally a TON of short positions initiated up at the congestion at $18 & happy to cover

then there's always the hopium & that they have other software
enterprise value besides the woefully late to the party phone

dcb here

[madrose1]

Expedia should report stronger than expected Q4 results, says Cantor
Cantor expects Expedia's Q4 results to beat expectations, as hotel trends in the U.S. and Europe were relatively unchanged in Q4 versus Q3, according to the firm. The firm maintains a $70 price target and Buy rating on the stock.

trouble is that its almost there