The following quote was posted when Google was at 519. Now its at 510 and dropping quick. Study the below quotation. When you see it, its time to start shorting... Quote from Handsome: Listen everyone! Forget all that cup and saucer nonsense. Forget all that beans and franks moving average horseshit. Throw all your charts and cup, handle and saucers in the trash and BUY, BUY, BUY GOOG! *THEY* have decided to make GOOG move to the upside. There is so much damn money out there and now some is going AND WILL BE GOING into GOOG. Buy or be left behind but the GREEN LIGHT has been given to GOOG!!!!!!!!!! Woof Woof!!!
All I'm going to say is.. if you think shorting a momentum stock in an uptrend during a late stage bull market is a good idea then keep your stops tight.
I don't know that any one comment from one of these teenage permabulls has any real significance. However, their recent quasi-domination of posts on ET (& the subsequent backlash posts) probably are one of many indicators to be considered when looking at signals for mkt status (including topping activity) ....
There was nothing but bearish sentiment over here late yesterday and today we are up 150pts. Coincidence?