I figured buying both makes the potential for profit much tougher than I wanted to attempt. The sellers of them are betting that the stock doesn't move much after earnings. Based on past performance, I don't want that bet either. Oh well, I am still waiting for the landscape to unfold so I know (at least after the fact) what was the right thing to do.
Go figure! Activity will pick spike Thursday no doubt.
Earnings are 7am Thursday with conf call at 8am.
The stock is up on a news article about a deal with Amazon. I believe I can state with a high degree of confidence that technical analysis did not predict a positive news article. I also believe I can state with a high degree of confidence that I knew you were going to try to claim credit for calling today's price move.
You have so many calls both directions that it is easy for you to find one to support your position at any given moment. Your technical analysis leaves a lot to be desired in the accuracy department.
News articles reporting a group of lenders with funds committed to do the deal. That's big!
Sprint just arranged $40 billion in financing to buy T-Mobile. That's really pretty clear, isn't it?
If one company is arranging financing to buyout another, would you call that a merger or an acquisition? ... DA
Really? You know, I will take a cool million dollars for my house too. Suppose anyone will offer it?
Your comments are a pretty sure sign that the stock will be down 30 cents tmw.
You know, I own some Sprint shares and would sure like to see it recover at least what it has lost the last couple of weeks... but I can't help but wonder if your same comments were being made back before the Nextel buyout.
I am sure he understands the daily short term fluctuation in stock price is almost meaningless compared to longer term value. He is a longer term investor.
Or it could be a sing that you really don't have any clue how to invest except to make comments on both sides then bump the ones that happen to turn out. I sure hope you are not trying to invest real money.
If that were to happen it would indeed be a game changer. Since the big company can currently buy 20% of BBRY on the open market for about $1 billion it means that big companies have lost their freaking minds!
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.
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.
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.
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.
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.