Sir, I was not pumping in the teens. That run up in price back then was based on extreme optimism on the roll out of ONE phone. I made comments back then that Apple, Samsung, HTC and countless others roll out new phones very regularly. I wish I could have made more back then. Oh well, you have to look at the cards in the current hand and decide how to play it... can't make money remembering old hands. Right now I am watching how the landscape is unfolding.
Look for messages to pop up here predicting a slip back in share price. Those messages MUST pop up soon so that the poster can bump them back to the top of the stack when the price does move down some more. Of course the landscape could remain optimistic if that poster is long the stock. It is what it is until it changes.
Glad you had the flexibility to take a trip and have a golfing vacation. Personally I never saw the fun in hitting a little ball into a hole. Oh well, maybe someday. As for Blackberry, it is up nearly 50% in about a month on earnings news that was positive because of real estate sales and a tax refund. Frankly I just don't see it but apparently a lot of other people are buying the stock. I will keep watching to see how the landscape unfolds!!
And you should have bought at $7.30 a month ago. Instead of trying to short daily for pennies/nickels you could actually make real money doing swing trading.
Oh what a short memory you have. I was shorting in the mid-upper teens. I admitted my mistake about the real estate. And you are still quite unprofessional.
The problem will get sorted out and Sprint might get a better price for the blemished asset. Sounds like a plan!
A stain on T-Mobile means a lower sales price when Sprint buys it. The problem will get sorted out and Sprint shareholders might get a better deal because of it. Right?
Up from $7.30 to $10.80ish in a month... that's nearly 50% up and he says no one made a dime. Same old Arnold.
Unless of course it trades down then you will have to go back and find posts calling for down prices. It is what it is till otherwise...
With a down day you will change your sentiment and express caution about re-visiting lower numbers. I can predict that action already. It is what it is till otherwise...
It is inappropriate for you to say anything about "this year" because the landscape changes for you minute by minute. You make calls going both directions and bump the ones that pan out. Right now you have A LOT of posts out there bragging about the long side of the trade. I think you've forgotten about the dozens of posts you made calling for a re-visit to $6.50 per share. I predict that as soon as the stock has a down day you will be back on here with bearish comments. You have to do that so you have some to dated posts to bump in case the stock retraces some of that 35% gain of the past couple weeks. Long or short, your posts are for entertainment only and NOT for investing. It is what it is till otherwise....
CNBC had a bit on earlier about the Russell index doing a rebalancing today. Said something about $14 billion in stock trades to accomplish it. I would have thought they would do it during market hours but maybe I'm wrong... heck it wouldn't be the first time.
Stock upgrade dude. You can't seem to grasp that can you? Hey, you're not ALWAYS wrong. You can make a call that turns out right... even if it is by chance. Accept it. I play the odds and invest real money. You play both sides and bump posts that support whatever the current reality shows. THAT is how the landscape has unfolded.
He is waiting for the landscape to unfold so he knows which ones of his old posts to bump to the head of the discussion forum. That way he can show that his technical analysis is "right".
Do you believe you can predict tomorrow's price action based on some wiggle in the past price chart? I don't and my Finance professors during my MBA program didn't either. The poster known as waitingitout00 is playing a role as a technical analyst. That's okay. If you act on his calls you will be long and short at the same time... that way you will be right! LOL
Monday was up because of an upgrade. Your technical analysis did not predict that action. You got the direction right but it was because of chance, not technical analysis. The stock is up a few days in the last quarter and now you are a bull. When it trends down again you can become a bear. Your calls are inconsistent and, perhaps, biased based on your (undisclosed) position in the stock at any given time. Face it, you don't have a clue more than 50-50 what is going to happen but you sure believe your chart reading skills.
From page 175 of "The Master Swing Trader" by Alan S. Farley.
"Continuation gap trades provide high probability entry, but keep in mind that the subsequent swing will likely fail before it again tests the exhaustion gap. Deep pullbacks face an extended period of price discovery as trend volatility dissipates. Longer-term positions can survive this process, but swing trades may not. Use trend mirrors to target an acceptable reward before choosing to execute a gap trade. Exit quickly on first reversal thrust unless patience allows an extended position."
Can you imagine 430 pages of writing like this sample? The author uses many big words but says nothing definitive.
News moves stock prices either directly or by creating investor sentiment one way or the other. The resulting stock price movements creates the lines that technical analysts use to make predictions. Smart technical analysts realize that news leads stock prices and then graduate to become better investors. The only reason to believe technical analysis is that a number of beginners use it and foolishly actually believe it and act on it. After they lose their money they go read another book on analysis to try to learn something to improve their efforts next time.
The stock got an upgrade even after jumping 35% in two weeks. You really can't tell me that your technical analysis predicted an analyst upgrade. If you look at the price now you'll see that a 30 cent drop is just about completed. Keep in touch with reality as it unfolds. It will beat your technical analysis every time... except when chances are that your technical analysis aligns with reality.
Can't decide whether the direction is going to be UP or DOWN any better than a coin toss. Maybe we could get better predictions if we knew anyone who could read the landscape better.