Discussion in 'Trading' started by skinnay, Jun 16, 2005.
what do you think of palmOne? i bought at 27, hoping lifebooks will be a popular christmas gift..
you probably won't like this answer but...
....I think you're going to see very poor xmas sales of -any- trinkets.
my guess is that $10 chinese knockoff iPods will be about the only thing selling.
nearer term; my assessment of the markets tells me there is quite a strong downdraft coming within the next 1-30 days.
I'm fully short the broads as of today; and long oils and pm's; altho I did take 10% off today at the afternoon peak in both. I still think there's more upside to come in those two; but I had excellent profit from getting in 3-5 weeks ago; and wanted to turn some of it back to cash. Oil looks like it wants to tap 60 on this run...
further, cycle-timing wise, this is a top for PLMO on the weekly chart...and volume has been pretty pathetic through the "rally" of the past few weeks.
my near-term target (1-30 days) for PLMO is around 20.
alternative scenario: 9000 hedge-funds all pick PLMO to pile in on at once...
in that case, it goes to 40 of course...
best of luck!
wow... Im short calls on PLMO (but also short puts from lower levels)
one of us is a great contrarian indicator.
just sold at 29.55
i probably should have waited but i was afraid it would drop early on in the day. anyone know what the spike this morning was about?
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