122, 115, 107, and now at 83. This stock is worth
at most at market cap of 2-3 billions which
translates into a stock price of 10-20. It will reach lower
highs. It may attempt to come back to 100-110 but it
will be good time to short again. This trend would not
stop until it reaches about 50. Then we will ride it
up and short it again. Please save your money for
later longs. It hasn't been nice to be long.
Crash a Market or sector of a market? Almost all
short sellers were once buyers in the market or sector
they follow, thus they are no longer buyers. Most have
helped start the mkt. or sector down by liquidating
their long position,and opening a short position. How
can they help fight a downturn? By being Squezed into
buying, but only to return again to short higher again.
In realaty the short is the result of a weak mkt or
stock not the cause of one.
HereditaryPeer, as usual I have greatly enjoyed
reading your technical analysis here. You are a great
asset to this conference, and a great highlight of my
trading day. I would greatly miss you were you to stop
watching this stock!
the doom and gloom. The shorts on this board
We really need the WSJ, Barron's
and the rest to get downright bearish on the sector.
We need panic selling, not this orderly little sell
off we've been having.
We need more puts
being bought than calls. We need the short interest
ratio to go the moon.
We need more idiots like
Jim Cramer on street.com to say the sector is
We need the postings by longs to have completely
dried up on the YHOO boards.
We need some
planned IPOs to get shelved.
THEN IT WILL BE SAFE
TO GO LONG!!!!!!
Armchair investors use breaks in support and
resistance as decision points in there trading. These
illusory points are tested and broken all the time. When
the breaks occur it gives traders and investors a
heads-up on the near-term direction that the stock is
likely to move from that particular point. It really
doesn't give anyone a bad name, IMHO.
talknig about support at this level and stong
support at that level. Isn't obvious that support levels
change and that negative markets condtions can
COMPLETELY WIPE OUT SUPPORT LEVELS. People here talk about
these illusory support levels as if they they were are
chiseled into a stone tablet somewhere on top of a holy
mountain. There is a reason all these arm chair investors
are getting RAPED BLIND this last week by the MMs,
because their support levels never, well, never supported
the stock price as it tanked down the
All these arm chair investors really give the
internet as a whole
a bad vibe and bring it down.
Volatility discourages real investore with BIG MONEY to get
Once again the greed of the few ruins the
whole fuckin party for everyone else.