Like a thai ho0ker. I never turned the system (Smokey the superbear) off. It started increasing its position and trade volume late last week. Kind Regards,
That guy is entertaining at times and as much as I'm sure he gets beat up around here, he has some sound logic.(read: "some") But he exhibits the same problem I find with most analysts: inaccurate timing. Many wankers on wall st. set price targets for stocks then pat themselves on the back when 5 yrs later the issue finally hits their target. They howl "I've been telling you for 5 years! I knew it! Look how smart I am!". Any fool can get a stock to hit a price-target, the key is providing near-term (3-12 month) ACCURATE projections: that's how you extract money from the markets. It takes no insight or skill to set a price target - it takes little more to say that it will happen in 3-6 months. It means everything to be correct in price and duration more times than not. Kind Regards,
GOOG is 465 pre-market. Based on the tape late yesterday this is being caused by some of the large holders leaving the issue. Play time is over boys - this is going to be quite serious but it will be an invaluable lesson to watch the action while this is occurring. edit: I recently bought more storage for the SAN cluster just to store the GOOG T&S over the next 10 months. Regards,
i agree this stock is going down short-term (6-9 months), whether it be to $400 or $370. Will any of you GOOG bears out there change your position when it comes down this low, or do you think this is just the beginning of a precipitous decline?
Shorts always loudest before a bounce.. 750 down to 450 bounce area.. The short money has been made.. Could go down further BUT greedy shorts could get what they deserve.. Once again.. no position.. I have traded stocks like this.. DRYS for example.. from 130 to the 40's and shorts want to see 20's.. yet support at 40's clear as day.. If I were an avid GOOG trader, I'd be fishing now. For a swing trader, no trade in GOOG now..