hope your right as well it's market conditions today so hard to tell if it will continue Tuesday or if market rallies could go either way
market is in bear territory today cause of market conditions you cannot comment on today's action it could continue into Tuesday the selling bad market data but sell off was abroad which is scary your right no one knows price action tomorrow you could predict markets but not market conditions when they come about like today. Still I'm a chart trader so I'll see what Friday brings. Do not care about how it trades for week how it ends on Friday 2 Fridays ago was 33 last Friday 33.95 what will this Friday bring? If we close at higher lows its bullish but do to quick sellers I think 37 comes 2nd week of October. I believe this week we close a little under 35 on Friday following week just under 36 and second week of October we break 37 which means we get to 40. Be patient I have been in this name and I am frustrated just like you but trade is taking a lot longer to see green got in to early to run to 40
Your friend the hedge fund manager the prior post was your friend the broker I have a funny feeling it is the same guy wearing a white coat
Wow you are so informed. Reality is it could trade sideways for the next couple of months. No one knows for sure one way or the other.
markets down big 3 big reasons china worries, unemployment up big in the USA, and existing home sales very weak could see even more bleeding this week
watch cnbc type in mike murphy he said if you hit 37 stock sees 40 rather quickly he's a hedge fund guy so he knows where people actually buy the stock with support and the number is 37 were at 33.11 far away from 37
he's a hedge fund there buying below 33 but not putting new money to work above 33 was said on cnbc next major support is 37 everyone knows this already that support is anything below 33 by rich and then there not buying until 37 short buyers sellers control this stock so guys like you have been the big winners and according to my friend who evaluated the stock you will win I trade by charts nothing else I go by closing of bell every week. So 2 weeks ago it was 33 last Friday 33.95 what will it close this Friday if it closes at close to 35 short interest goes away cause you want to pay 31 or 32 and sell at 35 your making 1,000 I bet with your strategy. I bet on your method of buying pullbacks and selling you made 10 to 12k right now your winning the war and by today's action your still winning do not know why your upset sir?
hp pulled out heard about that they wanted to pay face value current price on market EMC wanted a higher buyout price then current price
All I care about is higher lows at end of week 2 Friday's ago we were at 33 last Friday 33.95 hopefully this Friday close to 35 higher lows usually means we start trading higher in the long term. Again this Friday if we close near 35 its a bullish sign. If that happens and the following week first week of October we close at 36 then we break 37 second week of October chart says so if that happens hedge funds buying again at 37 we see 40 by end of 2nd week of October but key is at what price do we close on Friday will it be above 33.95?
its not likely to go below 33 for to long my friend is a hedge manager and there buying below 33 so any sell off will go back over 33 but the problem when you go back over 33 there not buying until we hit 37 again. That explains why Mike Murphy of cnbc said when FEYE hits 37 this stock goes to 40 because hedge funds plan on buying at that support levels it's strange I know why below 33 are they buying then will not buy until we hit 37.00 on the dot do not get it so support by rich below 33 and next support where they buy is 37 or higher that's why were struggling at these price shorties selling there rich not buying until 37
My friend is a hedge fund since I bought at 36.09 and at 33.50 today I asked him about FEYE He says hedge funds buying at below 33 has support there but anything over 33 there not buying until we hit 37 where there is major support there. That's why on TV they say once we hit 37 you will see 40 rather quickly but question is when do we see 37. He said it could take months maybe not to next year for 2 reasons. One being huge short interest in name buying and selling but there are people who are down 20 to 50k on this name some will sell soon assuming this stock is done and put there money somewhere else so hedge funds support at below 33 and anything 37 or above but he says this one could take a long time to hit 37. I hope he is wrong on that cause I JRJC China Finance before earning att there current levels they have such strong quarter with great margin. That stock could see 13 to 15 after earnings now on sell off its at around 7 in change great value there
that's what my chart says but real reason hedge funds buying below 33 and not putting in another dime until we hit 37. With so many short sellers we need to end week over 33.95. Reason being look at the Friday before last we closed at 33 last Friday was 33.95 if we close near 35 by end of week its bullishness higher lows but my friend is a hedge manager there buying below 33 and then nothing to 37 that's why they say 40 quickly when we hit 37 cause hedge funds support this stock only below 33 and at 37 good luck hope your right we close at 36 by end of week not looking good though right now
He evaluated Feye today and said rich buying below 33 but not over 33 waiting to put fresh money to work at 37 rich will not buy until 37 anytime we go over 33 so no rich buyers from 33.00 to 36.99. Looks like it could be a long time before we hit 40 if he's right cause shorts keep selling at 34.95 to 35.80. I will sell at 35.50 and take a 1,070 loss and move on next time cause I see lots of opportunities to make big money in other names right now but will not take a 6k loss like I am down now