Hot Pick Of The Day

[spikefader]

Howdie NB. How goes it?

Hot Pick of the Day suggestion from me:

EBAY after-hours!

Short the pop to band resistance of 26.70.
Target gap fill 15.87 or +40.5% with a 4% risk stop.
R/r is 10, not bad.

Today's write up http://www.technicaltrades.net/?p=161
and charts http://www.technicaltrades.net/?p=121

Best to ya dude.

[New-born baby]

Howdie NB. How goes it?

Hot Pick of the Day suggestion from me:

EBAY after-hours!

Short the pop to band resistance of 26.70.
Target gap fill 15.87 or +40.5% with a 4% risk stop.
R/r is 10, not bad.

Today's write up http://www.technicaltrades.net/?p=161
and charts http://www.technicaltrades.net/?p=121

Best to ya dude.

Spike,
Thanks for the post. I am considering the trade now. I'll let you know if I take it!

[Rob]

Target gap fill 15.87 or +40.5%

Dude, you're dreaming if you think it'll get anywhere near that price. I bought some 25 July puts just in case it does get ugly, but 16? Don't make me laugh, my lips are chapped.

[Lyehopper]

Howdie NB. How goes it?

Hot Pick of the Day suggestion from me:

EBAY after-hours!

Short the pop to band resistance of 26.70.
Target gap fill 15.87 or +40.5% with a 4% risk stop.
R/r is 10, not bad.

Today's write up http://www.technicaltrades.net/?p=161
and charts http://www.technicaltrades.net/?p=121

Best to ya dude.

Here's another perspective....

[spikefader]

Dude, you're dreaming if you think it'll get anywhere near that price. I bought some 25 July puts just in case it does get ugly, but 16? Don't make me laugh, my lips are chapped.

jejeje hehe I'm seriously glad you're hedged though. That's wisdom right there. Honestly Rob, I've seen after-hours pops get sold in the face of good fundies to fulfil bearish pattern targets. This one is no different......and that's why you've got those puts open .... cuz you know the reality of stocks and the market; sometimes it'll just go crazy against logic.

Right now I'm short from 27.00 and there's a potential double top after hours that allows me to tighten my stop to just over 2% risk now, to target the gap fill at 15.87 or +41.2% profit. That's a r/r of over 18.5! That ain't nothin' to laff at Gap fills ain't no dream dude....they occur often enough to justify targeting off them. Optimistic perhaps. But that's what green hope is supposed to be....let the winners run dude.

Best of luck dude.

[jiesen]

PAIV on fire!

http://finance.yahoo.com/q/bc?s=PAIV.OB&t=5d

This one ought to be fun to watch tomorrow, for all you chart enthusiasts.

[Rob]

Irrationality Works Both Ways

. . . to target the gap fill at 15.87 or +41.2% profit.

You can mark me down as doubtful in the extreme.

[spikefader]

Irrational? Is that what you think I am? Logical is what I'm tryin' to be.

You can mark me down as doubtful in the extreme.

That's the one Rob. I'm glad you looked for it! I shall so mark you down. And then wait patiently for the day you agree with me that one should never underestimate a gap, no matter how long ago it was, no matter how far away from current price, no matter how ridiculous and unlikely it seems that it will fill. It is a completely logical place for a long-term bear to target. And it's something a long-term Bull should always keep in the back of the head......"remember the gaps; target and protect profit accordingly".

Bottom line about TA working in the face of good FA is this: No-one knows all. There may be something, some big news, some insider action, some manipulation, bearish hedge fund activity, some 'thing' that's going to work against that FA and expected bullish price action.

EBAY's trend has been down all year. And there have been significant bullish failures and significant bearish events that justify a bearish bias and justify looking for high % profit targets lower. A gap is one such method. The trend is your friend, and "It is what it is until it ain't".

Intraday, EBAY just got whacked. I ended up I gave away 2% risk on the overnight short and I just opened another one right here at 25.96 to risk 1%. Intraday bear pennant, fuzzy C resistance is around 26.20.

Best to ya.

[jiesen]

http://finance.yahoo.com/q/bc?s=PAIV.OB&t=5d

This one ought to be fun to watch tomorrow, for all you chart enthusiasts.

anyone notice that this stock is up another 30% today? holy smokes...

[grebnet]

Paiv

this may explain PAIV for ya.

http://www.antandsons.com/2006/07/paivis-corporation-ultimate-penny.html

[Lyehopper]

That's the one Rob. I'm glad you looked for it! I shall so mark you down. And then wait patiently for the day you agree with me that one should never underestimate a gap, no matter how long ago it was, no matter how far away from current price, no matter how ridiculous and unlikely it seems that it will fill. It is a completely logical place for a long-term bear to target. And it's something a long-term Bull should always keep in the back of the head......"remember the gaps; target and protect profit accordingly".

Bottom line about TA working in the face of good FA is this: No-one knows all. There may be something, some big news, some insider action, some manipulation, bearish hedge fund activity, some 'thing' that's going to work against that FA and expected bullish price action.

EBAY's trend has been down all year. And there have been significant bullish failures and significant bearish events that justify a bearish bias and justify looking for high % profit targets lower. A gap is one such method. The trend is your friend, and "It is what it is until it ain't".

Intraday, EBAY just got whacked. I ended up I gave away 2% risk on the overnight short and I just opened another one right here at 25.96 to risk 1%. Intraday bear pennant, fuzzy C resistance is around 26.20.

Best to ya.

Great call so far Spike.... I've got a stop set and I'm watching EBAY closely. Look at BillyJoe's "Bargan's thread" and tell me what you think of LWR.

[alice4321us]

Goog Call Options

Look at GOOG call options. they are up. Is that an indication of some sort about the earnings tonight. Somebody knows what's gonna happen..

Any thoughts guys.

[Lyehopper]

Look at GOOG call options. they are up. Is that an indication of some sort about the earnings tonight. Somebody knows what's gonna happen..

Any thoughts guys.

What's up Alice....

Now GOOG has a hard chart for me to figure out.... I tend to think it's bullish, since there is no clear SHS or multiple tops showing. There are gaps but I would not trade short strictly on those. There seems to be a symmetrical triangle showing but that's a neutral sign. I would speculate long here because of what I know of the company and it's ability to excite the shareholders.... Who else wants to give GOOG a read?

[spikefader]

Look at GOOG call options. they are up. Is that an indication of some sort about the earnings tonight. Somebody knows what's gonna happen..

Any thoughts guys.

Thanks for the prompting alice! GOOG sets up as a great long at current levels. Charts and commentary HERE. Long the intraday pivot (current prices as I type) $398.43. r/r is 19 with a 1% risk stop under yesterday's low to target the daily 5 price resistance +19%.

Best to ya.

[spikefader]

Great call so far Spike.... I've got a stop set and I'm watching EBAY closely. Look at BillyJoe's "Bargan's thread" and tell me what you think of LWR.

Thanks Lye. Good luck if you're short Heading over to check out LWR now.