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  • New-born baby
    Senior Member
    • Apr 2004
    • 6095

    Goog

    Originally posted by billyjoe
    rickflyboy,
    Nice profit, but I think GOOG has a new engine , carburetor , and a full tank of gas.

    billyjoe
    Let's look under the hood of GooG. Here's a engine analyser:



    It is not the type of used car I buy . . . .
    pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

    Comment

    • billyjoe
      Senior Member
      • Nov 2003
      • 9014

      New-Born,
      This baby is powered by supercharged earnings.

      billyjoe

      Comment

      • New-born baby
        Senior Member
        • Apr 2004
        • 6095

        Mistake

        Originally posted by billyjoe
        New-Born,
        This baby is powered by supercharged earnings.

        billyjoe
        BillyJoe,

        Do you think I made a mistake not buying 1000 shares at the IPO of $85?
        pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

        Comment

        • billyjoe
          Senior Member
          • Nov 2003
          • 9014

          New-Born,
          The same mistake I made. My kids taught me about google and I told everyone it was going to be great once it went public. Unfortunately I listened to the naysayers and was talked out of buying.I'll bet an extra $130,000 would put a nice new steeple on your church.

          billyjoe
          Last edited by billyjoe; 04-22-2005, 09:40 PM.

          Comment

          • Websman
            Senior Member
            • Apr 2004
            • 5545

            Originally posted by New-born baby
            BillyJoe,

            Do you think I made a mistake not buying 1000 shares at the IPO of $85?
            Don't worry. I never bought GOOG either.

            Comment

            • rickflyboy
              Member
              • Apr 2004
              • 98

              I truly hope you guys are right and that I sold much too soon.

              Comment

              • New-born baby
                Senior Member
                • Apr 2004
                • 6095

                Stock Surfing

                Originally posted by rickflyboy
                I truly hope you guys are right and that I sold much too soon.
                Ricky,

                Count the waves on the GooG chart and see for yourself. Never buy on the 4th or 5th wave up--it may not be a wave up at all.

                Too rich for my hillbilly blood anyhow.
                pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                Comment

                • New-born baby
                  Senior Member
                  • Apr 2004
                  • 6095

                  BillyJoe

                  BillyJoe,

                  Just read on Drudge's site that GooG is valued more than GM, Disney, Viacom, and other big companies. The thing is overvalued and is going to come down--probably on Monday. Be careful, BillyJoe.
                  pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                  Comment

                  • IIC
                    Senior Member
                    • Nov 2003
                    • 14938

                    Originally posted by New-born baby
                    BillyJoe,

                    Do you think I made a mistake not buying 1000 shares at the IPO of $85?
                    Did you have the connections to get it at $85?

                    I call this a "Euphoric" play...ala TZOO and TASR...I applaud those who can trade these type...but somebody will be left holding the bag sooner or later.

                    It needs to split 3/1 real soon IMO
                    "Trade What Is Happening...Not What You Think Is Gonna Happen"

                    Find Tomorrow's Winners At SharpTraders.com

                    Follow Me On Twitter

                    Comment

                    • New-born baby
                      Senior Member
                      • Apr 2004
                      • 6095

                      You are Right

                      Originally posted by IIC
                      Did you have the connections to get it at $85?

                      I call this a "Euphoric" play...ala TZOO and TASR...I applaud those who can trade these type...but somebody will be left holding the bag sooner or later.

                      It needs to split 3/1 real soon IMO
                      IIC,

                      I am with you, Doug. I have no guts for this one.
                      pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                      Comment

                      • billyjoe
                        Senior Member
                        • Nov 2003
                        • 9014

                        Originally posted by IIC
                        Did you have the connections to get it at $85?

                        I call this a "Euphoric" play...ala TZOO and TASR...I applaud those who can trade these type...but somebody will be left holding the bag sooner or later.

                        It needs to split 3/1 real soon IMO
                        I agree to some extent, but I don't see GOOG being comparable to TASR and TZOO. GOOG could become one of the all time monsters while TZOO IMO was mostly hype and TASR a fad that is now old news.

                        billyjoe

                        Comment

                        • New-born baby
                          Senior Member
                          • Apr 2004
                          • 6095

                          Originally posted by billyjoe
                          I agree to some extent, but I don't see GOOG being comparable to TASR and TZOO. GOOG could become one of the all time monsters while TZOO IMO was mostly hype and TASR a fad that is now old news.

                          billyjoe
                          BillyJoe,

                          I just want to reiterate that I want everyone on this board to make money. I am just voicing my concern about what I consider to be a higher level of risk. Like Doug, I don't like the big price one has to pay to play with the big boys.
                          pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                          Comment

                          • billyjoe
                            Senior Member
                            • Nov 2003
                            • 9014

                            New-Born,

                            I love a gal from Southern Peru with those Google eyes.


                            billyjoe

                            Comment

                            • New-born baby
                              Senior Member
                              • Apr 2004
                              • 6095

                              Short FRO

                              Hot Shot Pickers:

                              Today's hot shot pick of the day is FRO--SHORT!
                              Yep, the party is over for FRO. The accompanying chart will demonstrate a bearish descending triangle, which indicates distribution. When the $44 mark is breached, the flag pole says she's targeted for $31, a real nice 29.55% profit target.

                              pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

                              Comment

                              • spikefader
                                Senior Member
                                • Apr 2004
                                • 7175

                                Originally posted by New-born baby
                                Hot Shot Pickers:
                                Today's hot shot pick of the day is FRO--SHORT!
                                Yep, the party is over for FRO. The accompanying chart will demonstrate a bearish descending triangle, which indicates distribution. When the $44 mark is breached, the flag pole says she's targeted for $31, a real nice 29.55% profit target.
                                Yep, definately a descending triangle. A few channel turn downs going on lately, and there is a volume by price hole down at 30ish. Also, a break below the 43.75 low (which was a channel long day) would add fuel to the bearish fire. On top of that, the weekly shows it is threatening to break a 12345abc long entry point, which could prove volatile if that happens. Definately a reason to hedge any longs with put options if 43.75 doesn't hold.

                                But helping the neutral argument, there hasn't been a channel short on the weekly, and only a pretty minor channel short on the daily. I would definately have a short bias if there was a solid channel short day from the top, but absent that, and the bullish look of the monthly chart, I think worst case very short-term is 42ish and a solid bounce.

                                The bigger picture 5 year monthly chart still shows a big bullish pennant pattern, and I would expect that triangle to resolve itself in the next 3 months, and there is the inevitable break either way. Bull break, more likely in my humble opinion, at least a test of the top of 54.21 and maybe new highs; bearish break, and a test of 40.00. If that fails then 31.00 is definately on the cards, as the bigger bullish pennant would be looking to form a flag. The bottom of that flag would likely get bought solidly.

                                Interesting stock our friend FRO. I pray it doesn't become a FOE harhar

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