Hiding under a bed perhaps?
Just give it time to top out and then short it again. The idiots will get all hyped up hoping for the moon and that's when you stick this pig with a fork.
Those stupid P&F charts don't mean a damned thing -- honestly man, I went through that 'phase' about 7 years ago and if you're relying on those things for your price targets you are in for a VERY rude awakening.
My God, Street Dot Scam, that's Cramer's scam. Whatever Jim Cramer does, just do the opposite and you'll always make a killing. I'm positive he puts out buys and then shorts. How would he still manage to be around if that were not the case. I have seen him make buy after buy recs. and they almost always end up tanking. His BUY recs. on Morgan Stanley et al before they crashed into hell were legendary. What a ^%%$#ng creep -- People are either completely #$%$ or have VERY, VERY short memories -- Christ, I'm surprised someone who lost a fortune hasn't put a bullet through his numb skull bowling ball of a head.
Uhh... More like sell VMW and RUN away -- that's what a smart investor would do and I agree with nip7890, you are sounding very desperate. You have committed the 1st carnal sin of trading -- you've fallen in love with a 'stock'. You have become fixated like a deer in the headlights about EMC's 'buying'. EMC is just a 10% owner -- they will be 'buying' at ANY price. You don't see any individual insiders buying EMC or VMW do you, all they are doing is SELLING, exercising cheap options on EMC and DUMPING it . The VMW chart is just plain TERRIBLE. Forget all this daily/weekly #$%$ and look at a MONTHLY 5 year chart. It peaked in March/April 2012 and has been in trouble ever since. There's only one way to play this short of a miracle: Short it on any pops, THAT is how you'll make money off this thing. Read Stan Weinstein's "Secrets for profiting in Bull and Bear Markets". VMW is a stage 4. It is a SHORT candidate. Maybe one day in the future it will be a 1 again but that day is surely not now. Live and learn, dude.
So why are the individual insiders of EMC and VMW both SELLING if they are such great companies? Aren't insiders supposed to BUY when they believe in something? Guy you don't want to see that reality.
The whole thing of EMC buying means nothing at all. They are a 10% investor, they HAVE to buy nomatter what. The cheerleaders on this board do not understand that. They are clueless people who will lose all their money.
You don't have a damned CLUE what you are talking about. You're a naive cheerleader with no technical charting experience -- you base everything on how much EMC, a corporate entity is buying but meanwhile, you IGNORE the fact that actual insiders of VMW and EMC have BOTH been selling because you don't want to see that. You'd rather obsess with how much EMC is buying. Face it buddy, you don't have a f&^%%ng clue what the hell is going on or even what you're doing. The chart looks like hell and all you can do is cheerlead.
So in other words, you are a world-class Wiley-coyote "genius'" trader. Yeah, well just wait until the market eventually goes DOWN -- then we'll know Mr. Coyote
Yeah, that's looks pretty painful alright. A world of hurt is right.
There are all kinds of long-term bear CALL spread trades going on in ABX options. I truly believe ABX and all the golds are doomed until at least Jan 2014. If you don't know what a bear call spread is, read this:
"A type of options strategy used when a decline in the price of the underlying asset is expected. It is achieved by selling call options at a specific strike price while also buying the same number of calls, but at a higher strike price. The maximum profit to be gained using this strategy is equal to the difference between the price paid for the long option and the amount collected on the short option."
'Bear Call Spread' explained
For example, let's assume that a stock is trading at $30. An option investor has purchased one call option with a strike price of $35 for a premium of $0.50 and sold one call option with a strike price of $30 for a premium of $2.50. If the price of the underlying asset closes below $30 upon expiration, then the investor collects $200 (($2.50 - $0.50) * 100 shares/contract).
Probably a decent market correction coming over the next month and then stock market goes higher. Gold is doomed for the next 8 months to a year IMO.
I haven't seen it but thanks for mentioning it -- I'll check it out for sure. Have you seen the documentary "Enron: The Smartest Guys in the Room"? My God, if not it will blow your mind. There are audio recordings of Enron traders asking power companies in California to cut the power so they can charge 1000% extra to the state for power causing rolling blackouts, shutting power to traffic lights, hospitals etc. just so they can make a fortune. And audio or traders saying (about California) "lets sink this &^%$ into the ocean" and "We're gonna be multi-millionaires before we're 30". Man, what horrible people.