to me...picks = opinions based on subjective interpretation of technical information
Jorj, what is the meaning of "to be"? Let me give you an example from a TP log:
This was filed in the Court of Appeal, a TP log from October 2, 1999:
09:29:26 [Merlin] URGENT: Consider BUY: TIVO Always use a protective stop loss
09:29:26 [Merlin] URGENT: Consider BUY: TIVO Always use a protective stop loss
09:29:27 [Merlin] URGENT: Consider BUY: TIVO Always use a protective stop loss
09:29:36 [Merlin] <w>STOCK ON THE MOVE: TIVO 53 7/8
09:29:36 [benat] TIVO MONSTER
09:29:36 [NewsCast] TIVO 5.50 million float
09:29:37 [Merlin] <w>STOCK ON THE MOVE: TIVO 53 7/8
09:29:37 [Merlin] <w>STOCK ON THE MOVE: TIVO 53 7/8
09:29:41 [tunes] cover KANA if it breaks 75
09:29:41 [tunes] cover KANA if it breaks 75
09:29:42 [tunes] cover KANA if it breaks 75
OK, now he says BUY TIVO. The he quotes the price. Then another TP analyst, benat, says TIVO Monster, further reinforcing the BUY rec. The the TP analyst tunes says cover KANA if it breaks 75. These are recommendations. Some more:
09:37:07 [tunes] KANA cover, we go long
09:37:07 [tunes] KANA cover, we go long
09:37:28 [tunes] URGENT: First Alert Consider BUY: KANA Price Now 74's Always use a protective stop loss
09:37:29 [tunes] URGENT: First Alert Consider BUY: KANA Price Now 74's Always use a protective stop loss
09:37:29 [tunes] URGENT: First Alert Consider BUY: KANA Price Now 74's Always use a protective stop loss
KANA cover we go long. That's not a direct recommendation? If not, what is it, then? Do you think the Justices of the Court of Appeal are going to look at this record and believe these are anything BUT recommendations? If so, you're dreaming. Some more:
10:01:32 [Merlin] TIVO bang bang bang
That's called "pounding the table," emphasizing BUY in no uncertain terms.
10:05:16 [Merlin] TIVO take some $$$$
10:05:16 [Merlin] TIVO take some $$$$
10:05:17 [Merlin] TIVO take some $$$$
10:05:37 [Merlin] LOCK IT UP
10:06:00 [Merlin] Always sell into the strength
10:06:01 [Merlin] Always sell into the strength
10:06:02 [Merlin] Always sell into the strength
Why only some? Why not all. Answer: COMMISSIONS. Now lookie here, and the time stamp:
10:07:06 [Merlin]URGENT: FOURTH Alert Consider BUY: TIVO Price Now 58's Always use a protective stop loss
10:07:06 [Merlin] URGENT: FOURTH Alert Consider BUY: TIVO Price Now 58's Always use a protective stop loss
10:07:07 [Merlin] URGENT: FOURTH Alert Consider BUY: TIVO Price Now 58's Always use a protective stop loss
10:08:11 [Merlin] URGENT: FOURTH Alert Consider BUY: TIVO Price Now 58's Always use a protective stop loss
10:08:11 [Merlin] URGENT: FOURTH Alert Consider BUY: TIVO Price Now 58's Always use a protective stop loss
10:08:11 [Merlin] URGENT: FOURTH Alert Consider BUY: TIVO Price Now 58's Always use a protective stop loss
Hey, wait a minute here, now: he said lock it up at 10:05:37 and then he says BUY at 10:07:06? That's 89 seconds...Hmmm, now why do that?
By the way, that was not only "FOURTH ALERT"; In fact, up until then, Rea recommended BUY TIVO a total of 35 times in less than an hour.
Now let's see if the Courts and a jury will agree Rea wasn't giving any recs, just airy opinions out loud. Jorj, somehow I don't think they will agree with you. |
