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ArcelorMittal Message Board

wwtimewarp2000 196 posts  |  Last Activity: Apr 24, 2015 2:13 PM Member since: Jan 19, 2005
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  • Reply to

    Bought $83 puts that expire today

    by artbyxxx Apr 24, 2015 10:08 AM
    wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 2:13 PM Flag

    Told you yesterday. We are temporarily on the same side. What does that tell you. And you're right, it comes next week.

  • Reply to

    WAS $81.85 THE BOTTOM?

    by cashbar1 Apr 24, 2015 1:59 PM
    wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 2:05 PM Flag

    You need to go back and read what I said about the BO line. Need more than 1 close below the line to break it. Today is a snooze fest so far. Now Bears wait 3 days to work yesterday's Signal. So you get a better opp to SS if that's your thing.

  • Reply to

    Duke: Entering The Twilight Zone--Part 4

    by dukeufinstu Apr 19, 2015 8:39 AM
    wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 12:29 PM Flag

    Agree to Disagree. It is more realistic to me that TSLA first becomes a 100K p/mo seller and the big 3 become the big 2. IF they do nothing, then they become the big zero. Don't think they're that stupid tho. It takes time and many head beatings against a wall before change occurs. Their problem is, IF they give in then they partner with or buy batteries from Musk. Win/Win for TSLA. One Ego swallowing other Egos.

    Still own SIRI with no intention to sell like I said, but it's time for the Old Cowboy to ride off into the sunset. He's had a great run.

  • Reply to

    My Visit to Noodles

    by donalhump Apr 23, 2015 12:49 PM
    wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 12:03 PM Flag

    IF that's what you believe, they I can't help you.

  • Reply to

    Duke: Entering The Twilight Zone--Part 4

    by dukeufinstu Apr 19, 2015 8:39 AM
    wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 12:02 PM Flag

    Love JM, but he ain't gonna be around long enough to bet on. Time to find new horses, new pioneers. Musk is one of them. Those 100M cars SIRI will be installed in will be off the road in the next 20 years. So why would I buy your bridge to nowhere.

    The TSLA for the every day man isn't just a patch. Once other auto companies figure out that Musk has the RIGHT technology, they all switch. Then what's next, maybe the dashboard. Unfortunately, SIRI is not part of that dash.

  • Reply to

    Duke: Entering The Twilight Zone--Part 4

    by dukeufinstu Apr 19, 2015 8:39 AM
    wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 11:16 AM Flag

    Hey LR -
    FB was only a small win net/net. Make 60c, lose 50c. Live to see another day. GOOGL on the other hand was a big winner. Booked 3 to 12 going into the report, then locked the rest at 3 to 20 this AM. Looks like that's all I'll get by the close today. And I didn't even get the story right there. Sometimes better to be lucky than good.

    I'm still in the camp of Duke's 2175 prediction, or greater first. Sell in May is a long way away in trading years. Next week could be big. Maybe it kicks off later today with a New ATH.

  • Reply to

    My Visit to Noodles

    by donalhump Apr 23, 2015 12:49 PM
    wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 11:04 AM Flag

    Donald Duck -
    Next you're going to tell me you are a connoisseur of Cuban cuisine. CMG is FRGI is LOCO. There is NO DIFFERENCE to the avg consumer. Know that. It's got nothing to do with race and nationality. My fault for labeling it Mexican if you found that offensive. Not the intent.

  • Reply to

    Bought $83 puts that expire today

    by artbyxxx Apr 24, 2015 10:08 AM
    wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 10:52 AM Flag

    I don't like the R/R today from the short side. The time to short was yesterday on the second slice thru 83.65-50. Think this one waits til next week IF it's going to have some fun to the downside. IF this signal had follow thru, we should have gone way lower today already. What does that Tell you is the better question.

  • wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 10:27 AM Flag

    Now you know. Write it down and do the same for every stock you trade.

    And you don't trade these high dollar companies that refuse to split with their stock. You do so with the options. So you only care what happens in the near term. They can all go to zero and you sleep well on your pillow every night.

  • Reply to

    Bought $83 puts that expire today

    by artbyxxx Apr 24, 2015 10:08 AM
    wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 10:13 AM Flag

    Playing the Simple Trade I see. Fair play and it works well. Though may have to wait til next week.

  • wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 10:05 AM Flag

    IF we go to 78, why not close another gap to 76.90. Know your numbers.

  • wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 10:01 AM Flag

    CB -
    You have to learn what stocks trade on. Reasons are sometimes similar and sometimes uniquely different. AMZN trades on revenue growth, margins and now their new cloud business. It hasn't cared about making money in 15 years. And the stock hasn't traded on this metric for 15 years. Some might call this Fallacy and it is. But who cares. Know this and you trade the stock like everybody else for as long as the lights are on. GOOGL is currently trading as a Laggard looking to catch up. Still way off its ATH while market is at ATH. Problem is, select market participants like WW have seen there core underlying Search business as migrating to Social. But, though we didn't get it this Q as promised, everybody believes a capital allocation plan for shareholders is right around the corner now that The Banker is on board. So thought it will trade lower for now, it then rallies BIG on that announcement or into next Q expecting it. And GOOGL is smart. Though they will continue to lose search ad dollars to social, this Data Plan thing will be big, and they should have other ideas that will power this company and stock over time.

    FB has been trading as a source of capital. A lot of stock and plenty of Dumb Money owning it. The stock has had plenty of chances to move higher, yet it continues to consolidate every break. Not as simple as it was when it was 25. And as usual, Art is way off comparing market caps. FB hasn't traded relative to its market cap EVER.

  • wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 9:42 AM Flag

    You do realize that we in the very beginning of the migration of ad dollars from Search to Social. Takes big companies a long time to steer big ships. Why it took them ages to move to GOOGL from print and TV. Sure GOOGL has YouTube but that is it as far as social.

    So now we understand that not only do you not understand the technicals you write about every day. We just learned that you haven't a clue about business concepts and an ever changing world. Be Careful and Good Luck.

  • wwtimewarp2000 wwtimewarp2000 Apr 24, 2015 9:33 AM Flag

    Pretty Simple. When it is growing at 30%.

  • Reply to

    IF FB DOESN'T REACH $81 TODAY....

    by cashbar1 Apr 23, 2015 3:31 PM
    wwtimewarp2000 wwtimewarp2000 Apr 23, 2015 10:54 PM Flag

    You just can't break the line for more than 3 or 4 days. IF a break does not snap back over the line within 4 days, then the break out trade is over, for now. And you hunt some gaps.

    A big options bet for June should not surprise. We sell off in May EVERY YEAR. And the EU is screwing around with this Grexit stuff. So concern is genuine, though silly as it may be.

    Still think this FB report deserves to hold the break out and head toward Par. But the stock could just want to hunt some gaps at 76/78 first. FB is a great source of capital after all. IF the market plays nice, FB should head sharply lower tomorrow. Outside Day Softball Setup. But IF it holds that BO Line AGAIN, Fozzy is in trouble.

  • Reply to

    IF FB DOESN'T REACH $81 TODAY....

    by cashbar1 Apr 23, 2015 3:31 PM
    wwtimewarp2000 wwtimewarp2000 Apr 23, 2015 4:12 PM Flag

    Keep telling you over and over. The only number that really matters is 82.20. Art can post a bazillion different numbers all day long. None of it matters. It is as SIMPLE as 82.20. That is the Break Out line that holds The Key to sending FB to Par. It occurred when we broke out of the 8 month channel Richard Tracey keeps talking about over and over and still doesn't realize was broken.

    Bulls like me keep defending this line. Works until it doesn't. But if you were to have a look at my Trade Log from the past month, you would find that one trade loss on the back of this game plan won't even come close to sniffing all the wins for this Bull this past month, all the while having fun with Art every single day.

    Only problem I see is the Sell in May thing.

  • Reply to

    IF FB DOESN'T REACH $81 TODAY....

    by cashbar1 Apr 23, 2015 3:31 PM
    wwtimewarp2000 wwtimewarp2000 Apr 23, 2015 3:55 PM Flag

    First things first, Bears must pass the BO Line Test. I don't know that they will. But a close under 83.65 puts out the Bear Bat Signal. And this signal could send the stock cascading lower tomorrow or by mid week next week. But the Simple Trade sends FB lower tomorrow.

    This looks more like a move that was exacerbated by many rolling to GOOGL for a BB announcement they were unprepared for. I just booked a trade from 3 to 12 on GOOGL today. I probably should have just taken it all off. But IMO there's a good chance they 'throw a little back' as stated last Q. So playing what's left overnight for more than free to see IF they come thru on that. Because if they do, stock goes way higher tomorrow and next week, and FB goes lower on the Rotation. IF they don't, stock goes lower and FB holds the Line, for now.

  • Reply to

    $84.35, 50% retracement of the high and low today.

    by artbyxxx Apr 23, 2015 12:59 PM
    wwtimewarp2000 wwtimewarp2000 Apr 23, 2015 2:54 PM Flag

    99% of the time spot on. Really. This stuff cracks me up.

  • Reply to

    $84.35, 50% retracement of the high and low today.

    by artbyxxx Apr 23, 2015 12:59 PM
    wwtimewarp2000 wwtimewarp2000 Apr 23, 2015 2:41 PM Flag

    Assuming we get a close under 83.65 today, even a Bull like me turns short-term Bear. So what happens when Bulls and Bears think alike.

  • wwtimewarp2000 wwtimewarp2000 Apr 23, 2015 1:38 PM Flag

    I don't know what we would do without your worthless daily sermons. Why your last amazing post told us you think it is our LAST DAY to sell at 19. Only 2 days later, 20. Try not to THINK.

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