Evening sdb,
If you want earnings impressions and so forth there are many other people here to assist and give you that sort of thing. I am more into abstract voodoo type analysis you know, pin cushions and chicken legs are my Props.
Seriously, today was a day to be hoped for. If today does not show the manipulation of MM's then nothing ever will. You can't blame them but I can blame people for not understanding or seeing because this crap is just too obvious. There is not an easier way to make money in the markets than following obvious manipulation by these tricksters. One must remember, a market maker is not some bespeckled little old man in suspenders, it is your large Houses like Goldman and Merrill etc. I have said it so many times and I am going to say it until we all say in unison " damn look at that s--t! EVERYTHING BEING EQUAL ( no upward or downward pressure) THE MM'S CAN BASICALLY DO WHAT EVER THEY WANT TO WITH THE STOCK! Remember last week when there was so much up pressure, what happened, they could not hold it down! All they have to do on a day like today is have their market maker representing say Goldman, do the following:
Hey Fred, what you got on the ASK, I have 387 he says, hell ask 385 and lets watch them run! and they can take it to what ever level they want. Do you actually think it bounced off the obvious psychological number 350 by coincidence, NO WAY! You see, with no upward pressure, they can get away with it and shake out most of the weak hands. But it is a four point play for the House because they also sucked in a bunch of shorts for tomorrow.
So if you want to beat the MM's at their own game do the following:
1.Take a stock that has been ascending on dramatic news ( 4 for 1 ) and very desirable by investors and houses.
2. Look at the next psychological barrier on the downside QCOM $350
3. Nine out of ten times it will happen near the close
4. do your buying as close to that psychological barrier as you can but at least do some buying. Everybody on this thread and 90 % in the investment community know QCOM is going up.
As for scarcity, it is not only there but as the time compression increases the grip on all those shares get tighter and tighter and the scarcity increases. As for the inside of the split, that is were 75% of your Psychology and Safety reside. That is why one must build and lay the ground work for the eventual split. What I am saying is you make your money when you buy not when you sell.
As for my price at the end of the year 2000, in my formula, I just had to increase by basically a factor or 1.5 for scarcity, so I have a price after split, year end 2000 of around $700 if it is not split adjusted.
regards,
Voltaire |
