VERY IMPORTANT ----> must read now, nothing we say or do here would really affect the price in a major way.
But, People like Mr. Shark-stein are the reasons why some of you have lost big as you were shaken off your shares and left holding the bag ... I am sure some of you are very better now and i only wish that you would help me tone down this FRANKENSTEIN's hype, whom I really despise very much for his hyping of NITE which is as weak as a house of cards that broke today , but rebuilt only to steal your money tomorrow or the day after !!!!!!!
Mr. Frankenstein, haven't you had enough profits ?? what is your avg ?? 30? 40? 50 ? 70 ?? 100 ?? you got room ...dont lure people into extending themselves only to lose everything later on.
A lot of you have asked me how I do it, and why I do it . here is the answer for all to learn :
In order to be a good bull, you have to think of how the bears think.
Bears never love stocks, even if they go long on it.
Why, coz they are also thinking of other fellow shorts who will come and just take the profit along with the institutions.
So, they set a reasonable limits to taking profits then letting it go to nmove on to another growing stock ( to long it) or over valued stock ( to short it)
I acquired this skill from watching the market for so long and getting burned few times because of loving few stocks for too long till i lost heavy on them while I could have taken profit.
I read few books on short selling ...but its all theory really ..no rules
the most useful rule is to look for those issues which are very very highly valued and very sensitive to the mood of the market ( DOW OR NAZ index ) NITE IS A VERY GOOD EXAMPLE of this also, ASTN and RRRR and EFAX, AOL, YAHOO and so on.
Now , the most important thing to do also is predicting the directions of the relative indices ( DOW and NAZ ) based on the institutional's fear or greed .. for example ..if the feds are going to tighten, then where do you think the dow will be just before the meeting :)) ROCK BOTTOM of Course
if the earning are rosy and coming out creamy, then it will be driven up for a day or 2 ,,,but only to take profits after they had sold it to the fool bulls who drive thing market to new heights but who also buy at much much higher prices, only to buy it back at lower prices.
I hope this gets you starting in understanding the mentality of those greedy MM :))
Finally ..if you really want to buy any stock ( including this one here) i would say wait till the Feds meet, or if you want to take profits , do it NOW before the Feds meeting, then buy it back afterwards. Thats why we had a sell off yesterday, but prices moved down soo fast on High flyers like NITE, only to lure the fools back and sell it to them at higher prices.
How many of you are shaken Off now and wish to get back in ???
Guess what?? after you get back back in, you will be shaken off again and this time, it may never come back up leaving you holding the bag
If this stock was really worth 200 , then why was it 120 this morning ??? why not just drive it 200 and keep it there and get it over with ???
DONT BUY THE BROOKLYN BRIDGE PEOPLE ... We are sharpening our knives now for the gap up in the morning ...or the even at same price, it will sell off soon enough for me :))))
good luck:)) |
