Big Dog's Boom Boom Room Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Big Dog's Boom Boom Room

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: chowder who wrote (83036)	4/15/2007 3:35:14 PM
From: Q8	Read Replies (1) of 206299

Dabum, with all due respect, I must call you out though on your prior call when I said the rising wedge is trouble for BHI... From: Q8 12/17/2006 6:57:49 PM Read Replies (2) of 83043 Wow! BHI maximum pain even had a professional trader fooled the last three days of BHI.. Max pain 70 and BHI closes above 78 ...small hiccup in portfolio as result and now have been assigned almost 11,000 shares short. Managed to hedge on Friday with some naked puts in anticipation of being assigned... so know a covered short position. Looking for opinions on my prediction: 1. Rising Bearish Wedge 2. No volume follow thru. 3. High RSI 4. High STO... Anyone else see anything else or arguments in support of above or against. More details on my blog that can be found on my profile. Thanks in advance. You responded: To: Q8 who wrote (76484) 12/17/2006 9:24:43 PM From: dabum3 1 Recommendation of 83043 Re: BHI ... >>> Looking for opinions on my prediction: <<< It depends on the time frame one wishes to trade with regard to the strategy one should employ. If one were looking intermediate to longer term, the recent price action on BHI would indicate higher pricing over that time frame. If one were looking very short term, BHI looks to be setting up for some profit taking. Any pull back would set up another buying opportunity for someone wanting to take a long position. The amount of buying volume over the last few trading sessions usually indicates another leg up after a short period of profit taking or price consolidation. dabum Message 23110167 However your prediction "of any pullback would set up another buying opportunity".. did not hold true as BHI cratered from 78 to 62 and now is only at 70 Also your predicition that BHI is set for "profit taking" did not hold true 78 to 62 is not profit taking.. it is a correction.. and even the initial BHI drop from 78 to 65 after my post is also a correction (more than 15%) Perhaps that is why I initially had you on ignore.. a plunge from 78 to 65 on 11,000 shares short is a profit of $143,000 that I should have fully realized if I stuck to my guns!! Granted I make my own investment decisions.. I am a professional trader.. I will say however that my decision at the time to buy to close.. not allowing me to realize full profit was influenced by your post and another post at the time... siliconinvestor.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next