Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Cautious_Optimist who wrote (18675)	1/14/2013 9:58:52 PM
From: 2MAR$	1 Recommendation Respond to of 18998

Today i made the call early & often on twitter as i have been all along. With the Davidson upgrade and nothing further to come out to support Ackmans thesis forseeably, it was game on from the open, lets put a squeeze on. And i like the way its been trading, pulled back when it should have & trading up in a steady determined flow. The several days of severe take down after Ackman news & meeting it was a short-at-will situation when these kinds of trading vortexes form you hit quick & hard buidling up a buffer and profit hard. But my mind will automatically start to flag to the bounce side after the easy shorts have been covered when stock becomes far into the extreme oversold range. You dont get greedy towards the end, you do that when the stock is caught up higher in the negative storm, the tape two days following his short call you could have shorted 100k shrs without much worry thats a feel thing after seeing so many of these transpire. If just rested on the meet with the company & their rebuttal that wouldn't have drawn me or many in, this became the perfect event driven value investment when Danniel & Icahn got involved as very strong oppositon. Had already scalped a long off 25's for one deadcat bounce and the next day the final bounce back off lows which was also a set up, for the short thesis had been all but priced in & terribly oversold (any time you short must not get greedy, same as longs ) Its a feel thing, had Ackman's thesis had true validity it wouldnt have been so steady on the rebound to $30 and started suspecting some larger capital getting involved trading that bounce & sensing the order flow on the tape, until even the short at $42 i took last week was only technical trade for i was still seeing an underpinning support at $38. But today it was game on from the start, like the earlier shorts last month you hit bids heavy & maximize profits going with the current momentums, plenty of time later to be a legal philosopher. Up around 48-50 i would start to think fair valued now but lets see what the general market which is toppy now does.

To: Cautious_Optimist who wrote (18675)	1/14/2013 10:01:04 PM
From: 2MAR$	1 Recommendation Respond to of 18998

Since this is an event driven investment thread, CELG has just been rediculously on fire , GOOG hit R at 740 today as it did last week, closer we draw to earnings momo traders taking some off not wanting to get involved with another miss from Google and a 75pt tank, so took the short on GOOG in the am pop up to 742. Like last week stock sold down right on que. More often these days can almost feel all the other traders in the world and whats going thru their minds on many stocks. Given the momentum, FA & TA in the stock, the position of the index , proximity to earnings, can just feel what happens next, past is prologue. Earlier support act as supports and the same for tops & resistance as well. The best way to make money in the market is look for extremes in good stocks, their cyclic tops & bottoms, for all they really do is go up & down sector by sector , no great mystery. It can be complex or simple but better to keep it KISS , usually two tags to the overbought & its "no mas" time again, plus looking back to Oct , does any trader really want to get involved with GOOG heavily? It would have been even better had it traded up to 760, that would have been ideal but 740 was more prudent in light of last earnings $9eps vs the 10.50 expected, they missed pretty badly. Actually its three tags to the overbought, called the short this am on twitter, it always surprises me when people cannot see the R for themselves, GOOG sold right down the rest of the day momo traders saying we've made enough.