Thanks. I haven't been on these boards much at all lately, but just looked and saw your post. Respectful messages like yours are always nice (and few and far between on Yahoo), but I'm always happy to make money!
As I see things SCTY is still in the most bullish part of its up trend. It's in a larger degree 3rd wave that started at 28.31 on 9/4/2013. As you may or may not know, Elliott waves are fractals. So, drilling down I think we're either finishing up wave 4 or we're already in wave 5 of the larger degree 3. My charts are already showing the oversold level and minimum retracement required to complete the 4th wave. The fact that there was such a strong down move on 3/13 that couldn't take out the 72.18 low was interesting to me. That and the fact that the move up to the 20-day from 72.18 was clearly impulsive indicates that the low may already be in. We'll see!
I don't pay much attention to H&S patterns as they don't seem particularly reliable. I think 54.63 was the low of Major 4. The move from there to 82.65 looks impulsive to me (bullish), so I'm looking for a retracement of that move to end soon. With positive divergence on the hourly chart and oversold conditions on the daily, I think it's nearly there. I could always be wrong. =)
You wouldn't buy my shares in the 40s since I always use a 5% mental stop loss. I've seen you around quite a bit and I see that you're all talk with very little substance. Talk to yourself, pal. You're on ignore.
Hi Sebastian. Hope all is well. I just bought a long position in DDD this morning. Looks like it's ready to take off. We'll see how it goes.
Thanks. Sorry, I didn't see your post until just now. I've been doing well. Just kind of tired of the unmoderated message boards. People can be real jerks when they feel anonymous.
Right again. Looks like I called the day of the top on this one. Thank you, thank you. SCTY looks like it's headed back to the 50-day or so. We'll see.
I'm just curious. How many IDs do you have? And why do you spend just about every waking moment on this board? It's pretty obvious, you know.
You'll have to play your silly games with someone else. I have a strict mental stop loss of 5% on every trade. This is what I do for a living so get over it.
Not sure what SSYS short you're talking about though. I made a ton of money shorting SSYS this year on net.
Just trying to help out the newbies. I wrote about a rising wedge some time ago where I was expecting the fifth and final touch around earnings. Well, we got that today. That, coupled with the negative divergence on the daily chart, indicates a pretty strong sell signal. It might go a bit higher, but I think a correction is due. We'll see.
You really don't know what you're talking about. Freaking pathetic.
The volume is not light. The volume you need to compare to is the 4.18MM shares traded on 2/10. It looks like it will surpass that easily today. So, I'm not sure what you're saying. Is it denial?
Oh, and I forgot to mention macroeconomics! Everyone (and I mean everyone) should familiarize themselves with MMT (Modern Monetary Theory). Start with Warren Mosler's "7 Deadly Innocent Frauds." It's short and non-technical and free. It's on his web site, moslereconomics. If you enjoy that, you can look up Bill Mitchell, Randy Wray, Stephanie Kelton and others. You'll be glad you did!