Thank you. Your still the class act of the Yahoo boards, I said that back in '11 with GMCR and I say that now. Good luck my friend! Reset for sure, no other way around it. Is it a cult believe in experimental economics or a grand plan to destroy the system? I don't see how blowing it would help the elite? Almost seems like the rearranging of chairs on the Titanic, just squeezing out a few more moments before she goes down. All that currency will be worth #$%$, so why save it? I've been squirreling away coins since your "Outsiders" comment many moons ago. Bought some farmland too. Enjoying my time with the girls and fine tuning my brewing skills. AND my World Series! I hope Theo works wonders for you guys. Don't give up on him he knows what he is doing. - PJ
You are are so right! As long as it looks like it's so over extended that it can only go down... it goes up. When it looks like everyone thinks it's got to go up.... it goes down?! I've been watching CMG. OK earning and it shoots up to 500. No correction and instead it collects puts and crushes it until OE. Just some amazing stuff. The fake sell offs in the am, high put volumes are just signs it's gonna crush it going into 3:59 on friday. You get in and out quick so I don't think you get crushed just don't fall in love on the way down....when it comes! - PJ
p.s for the record I think AMZN had a date with 400 so keep buying your calls
Still trying to slay this dragon? Good luck... I covered back in Sept when it rolled down to 280. Gave up on the shorting game, I would of lost everything. Decided instead to start buying physical bullion, on the dips. Expecting a few more coins this week.
CMG, AMZN and NFLX all look like great shorts which is why they go up. WS games being played to extract hard earned money from the people. You are right, this scam will come crashing down someday.... just not now. Just wished I had seen it sooner. At the end of this experiment dollars will be worthless anyway. Money not currency is the way to go.
BTW, Thank you sooo much for the Montessori recommendation. My daughter is blossoming in that program. - PJ
I truly think you are right. I assumed you meant Anne-Marie's book? I went back this weekend and reviewed several of the chapters. Realized that I was playing chicken with a locomotive and got out this am with a minimal loss. Another train is leaving the station tonight....NFLX. That will mow down shorts tomorrow straight until 4pm. Even the crossovers are tricky. A few of these stocks give the signal that they are breaking down then smash higher. AMZN for example. I think the game has passed me.... I enjoy the solitude of the sideline. Spend all my money before it loses any more value and before the casino takes it away. - PJ
Hey Cash, how are ya doing? Come out of gambling retirement today to play this little gift. Is it me or does this move stink of option killing? Earning before OE?? Looks like a lot of puts were sold this month. PJ
I don't get it? This thing has ripped off $60-65 in parabola fashion 4 times in the last 2 years, with each time selling off hard. 2 of the times it smashed thru the all time high on its way to $60/2 months.You added up through the squeeze. What makes this time any different? Personally I've been out since 260, got a little greedy, knew I should of covered after earnings at 250. Went short again at 305 and would of added at 310. Will cover next Thursday afternoon. No way this tanks after earnings, too many people long right now. - PJ
Good luck Sybs. More mind numbing is NFLX. #$%$!?! Won't dare touch it either way but that is a $50 stock!
Sorry, my rooting for Chicago ends tonight. I expect a great series and wish you guys the best of luck. But we been some payback for Steve Grogan.....
Blackhawks D and goal-tending much better than the Pens and I would assume more focuses than the crybabies from Pittsburg.....7 games?? - PJ
I dunno... I mean that sounds great and all, but what if all of the sudden someone yells " game on!!!' And my goalie is out taking hits on a bong on some Zamboni somewhere. Now I have to play with an empty net all game and we give up 20+ goals ... we get decimated because we got to complacent and just expected paper swapping would just last for infinity!? - pj
plus..."blowing berwanke....dude, gives me the willies, maybe its that weird beard of his.
Come on! Your not giving them a chance. I mean I could order a few head of lettuce and a few gallons of milk for lunch tomorrow. With the ridiculous warehouses they built I could get it in less than a day! Think of how fresh that milk will be sitting in a hot box for 24 hours!? I can't wait!! - PJ
Off topic Cash,
The Boston vs. Chicago Stanley Cup dream is still intact!! Not counting my chickens yet since we choked it up to Pittsburgh in 1991 but man it would be sweet! Early season domination by the Blackhawks vs. playoff gutsy performance by the Bs.... Can I smell a wager in the future??? Goose Island brews are hard to come by in the east coast! - PJ
One of the most exciting hockey games I have ever seen! Almost turned it off out of frustration but pumped that I didn't ....unfortunately too much adrenaline going right now to go to sleep. - PJ
p.s. - GO! Blackhawks
It sure looks like a classic blow off top, but it maybe a few days before we know for sure. I was watching the carnival barkers on CNBC this am and they were getting all warm and fuzzy about a 15K beat on the jobs report, like unemployment had come down to 5%. You remember when 400K jobs was a GOOD jobs report!? They sold this today like Cabbage Patch Kids on Christmas Eve....they will be worth 24.99 on the 26th of Dec. - PJ
I've been short and still am! I'm not saying Geegee is an investing genius. From the Nov. 220 lows to the 285 top Gee had been right about buying the dips and shorts getting squeezed...thus the market has proven him correct. But going forward he will be proven deranged if he maintains his long thesis. Which I assume he win. -PJ
BTW...can't smoke weed...drug testing at work Will gladly take a nice scotch tho!
You have looked like a hero for the last 6 months but I think pretty soon you might be the one that is deranged....- PJ
The government isn't going to do anything about the banksters. They have all the politicians in their back pockets, Rs and Ds alike. Look at the top campaign contributors to either party, yup, banks. They created the mess in the first place and were bailed out. Nothing has been to been to fix the problem STILL!
That is pretty scary ... I dunno about guns yet. But I have considered moving up into Vermont and join a co-op, if things get really bad. I can tell you for sure .... living in the city will be a bad thing. - PJ
I plan on it. WS has been able to convince the sheep that AMZN is a great investment, once everyone realizes it's not, it will fall like GMCR from 100. It amazes me that the "policing" dept. of our government allow this to go on. They are either stupid or in cahoots.
I was pondering the other day... Before the internet the only way to invest was through a brokerage house. They skimmed 5% right off the top regardless of results. Then came Etrade/TDAmeritrade/ScottsTrade and WS lost its golden goose. With all these games and scams, it's like there is a group effort to screw the retail investor until we all just give up and go back to mutual funds and money managers. If you ever talk to any of those guys (even friends) they all spew the same lines and are oblivious to all that is going on!? Am I crazy??
And Sybs...careful with NFLX it's going to implode but maybe a few more quarters. Cramer said the other day that NFLX is becoming the new AMZN. We could see stupid money (CapitalWorld etc) leaving AMZN and pouring into NFLX. - PJ
The analysts will come out and heap praises and raise targets and she will recover and head higher. Like they always do. BUT.... if the down grades start.... load up boys! she's going down! - PJ
I did roll into the Oct. puts. Buys me another earnings period and if this market decides to roll over this summer it will take AMZN with it.
I agree with you on NFLX ... don't get trampled! And right now that's what's happening.
Good luck tonight! - PJ