"Should Google actually go to 330/shr, I will double my short position yet again."
stockcharts.com[m,a]daclyyay[pb50!b200][vc60][iUc20!Lf]&pref=G
stockta.com
stockta.com
I am still looking for a free elliot wave site but my guess is the elliot waves are gonna support a rising GOOG too as far as technicals.
General Chen, please my good general - listen to your troops down here in the foxhole - keep your stops - don't let this irrationality take you like it took the boys at KL Financial for 300 million. My AI professor works with these guys - there are things in the works you don't know about - and thier are bankers mixed in with those works and lots of cramers out there gonna send the J6P masses money into this puppy. Please General. The markets can remain irrational longer than you can remain solvent - 2 other asians forgot that. Imagine my redneck buddies saying gosh darn, GM sucks, but that darn GOOG - I am gonna stick all my beer money in that one like my buddy cramer tells me - YEEHAW 330 here we come - that darn internet will be here long after GM - don't do it Jay - watch out! My redneck buddy is gonna take his 8 citi credit cards and buy more GOOG - why not wait till the technicals come into your favor - why tie up your resources on a short that may take a year or more to be very profitable? Forget the fudamentals and let the technical guide you no?
palmbeachpost.com
WEST PALM BEACH — Won Sok Lee and John Kim were gamblers at heart, poker players who risked it all at the casino tables in Las Vegas.
According to the former trader, Kim, convinced that Sir Isaac Newton had it right, shorted 88,000 shares of GOOGle at $130 a share, meaning it had to fall below that price for the hedge fund to start making money.
It didn't. In fact, GOOGle went far the other way. Yet, Kim increased the firm's short position in GOOGle and reworked it so that the target price was $160 a share. The strategy eventually put KL Financial in position to make a profit. But instead of pulling out and taking some profit, the firm hung on, desperately trying to cover earlier losses.
General you already seem to be replaying the record that sunk KL - don't let history repeat. |
