Hot Pick Of The Day

[Rob]

EBAY is taking a hit . . . on wait, that's everyday. Well, even GooG is down $7 right now.

And how charitable of you put on that big, ugly grin because I'm losing real money.

Oh, your dog died?
Oh, your 13 year old daughter is pregnant?
Oh, you just discovered you're living on top of a toxic waste dump?
Oh, you're losing money?






[biting my tongue]

[New-born baby]

NB

What does the charts say for YHOO. I am short since early $27.XX

Thanks

Chart says that you did a nice job shorting YHOO. $16 target. Ugly, bearish chart. Good work.

[New-born baby]

And how charitable of you put on that big, ugly grin because I'm losing real money.

Rob,
I don't want you to lose money, but if you lose money on EBAY, it is because you would not listen. I told you; Spike told you; and the falling prices are telling you: EBAY is very bearish right now. The truth is this: it would be hard to find a more bearish stock in the entire market at this time. How many stocks right now are down 10 weeks in a row, and 15 of the last 16 weeks?

Whether or not you want to listen is up to you. But I don't think you should be angry with me if I disagree with you. Remember: you are the one posting that EBAY is a buy right now. There are a lot of people that read MM forums, and someone may take your advice. I dispute your buy posts for their sakes.

I wish you the best with it. I don't have any money invested. I'll give you this warning: I am watching GooG, and I think it is weak at this price.

[spikefader]

... EBAY is taking a hit . . . on wait, that's everyday.....

lol oh the cruel truth my friend. Since you've mention eBay, since it is your thread, and since I did post it here, I'll give a quick update for my ebay short from $25.96 - doin' nicely and +11.7% from entry as it sinks towards that laffable, lip chappin' gap fill target. jejeje

[New-born baby]

Here's the trend

Here's the trend. Until the trend is broken, one should follow the trend.
And you can see, EBAY is walking the blue line very nicely.

[Rob]

. . . it is because you would not listen. I told you; Spike told you

And why should I listen? You're reading the same tea leaves that told you a month ago LECO was a better pick than SAFT. Well guess what. It wasn't, and it isn't.

And Spikefader took ten shots at it, and as of today, my one pick is still outperforming all ten.

You guys put up dozens and dozens of calls, and then when a couple of them do well, you tend to forget about those that stunk. So again, why should I listen?

I make bad calls now and then, the same as anyone. And I make some good ones too. Anyone who says they don't make bad calls once in a while is a liar.

I don't think you should be angry with me if I disagree with you.

I'm not. The thing I objected to in your earlier post today about EBAY and GOOG, NBB, is the .

[spikefader]

Here's the trend. Until the trend is broken, one should follow the trend.
And you can see, EBAY is walking the blue line very nicely.

Yep, it's a simple principle.....the trend is yer friend until it isn't.......it is what it is until it isn't.

And kudos to anyone who picks this rock solid fundamental to charting. It's not at all about being right all the time, but rather about being on the right side of what 'is'.....for the duration that it 'is' and until it isn't, and then being prepared to flip for as long as that new trend lasts.

And EBAY is an example of the trend being a friend to those who listen to her. And when a strong trend is presented that is where profits are leveraged ..... when you put yourself on the right side of the trade.

I think back to the bullish FA Rob presented, and what motivates him to think current prices are a steal. I am absolutely prepared to believe Rob when he says the fundamentals justify a bias that is bullish. But I'm not prepared to trade based off that FA stuff. We've all seen great FA get sold and sold for a long time.....where a stock just implodes in the face of so-called good FA....

And every time one does that guess where it goes................right to solid TA support and some, in many cases.

And the following monthly shows me where that solid support is. And it's exactly where I'm targeting. Yep; EBAY is going to bounce at some point.......where is the unknown. Will it be soon? Will it be in a month? Will it be tomorrow? Will it sink straight to 15.00 first and then bounce hard? Lord knows. The cards are going to fall where they may. It may bounce and take me out and I drop the profit; ces la vis. But fact: this monthly impulse down is relentless....and I can't see any technical reason to buy this. And if I can't see a technical reason to buy it, why should I cover? To take profit early? No way dude; I want a great trade to turn into an extraordinary one Greed? Not if I have a rational basis for the target. Not when my risk at entry was 1% and my r/r 39. It ain't greed; it's green hope for a successful and perfect plan to be fulfilled.

[spikefader]

And why should I listen? You're reading .. tea leaves.."

Spikefader took ten shots at it, and as of today, my one pick is still outperforming all ten.

You guys put up dozens and dozens of calls, and then when a couple of them do well, you tend to forget about those that stunk. So again, why should I listen?

Rob I object dude. You are out of line. Creme of the Crop parameters are very clear. The TA stuff I post on is also very clear.......And the 2 are completely disctinct from one another!

Don't grab 1 x Creme of the Crop filter system play and throw it up as an example of the TA by Spike vs whatever from Rob and reason therefrom that there is little worth to the charting I do.........and bias I put on the likes of EBAY or GOOG....or the 'dozens' of other charts and biases I make. Dude, get real will ya please? Credit where credit is due. The victories far outweigh the stopouts. You're quick to attempt to cut down a thing of worth dude. You come across as an angry man right now dude, not able to see the truth about TA and its value.

Regarding your suggestion that I forget about calls that stunk.....I don't have stinky calls because I cut em loose early so they don't stink up the place.

I have calls that fail, yep, who doesn't. Big deal. Cut em short, cut the bias short, and forget about it. Then patiently keep the discipline and when able, let the winners run........good smelling calls can go on smelling good for months

This method makes mucho moolah for the trades that run. And I think it's a shame you're wallowing in red pain and showing this mean streak, twisting the truth and knocking others. If you wanna knock something go give yerself an uppercut ..... for being blinkered and offensive.

You just fell a few knotches on the respectometer dude.

[Rob]

I'm out of line? Grow up.

Edit: Spike, it is not my intention to precipitate an adversarial relationship. The bottom line is that when I am treated in an uncivilized manner, then there's a chance I may react to it. And when New-born comes out with, "Well you were told," is that not tantamount to saying, "I'm so rarely wrong, you're foolish not to give heed"? I don't buy that for one second.

I promise you this: if you're short EBAY with real money, you will be covering before that little gap from almost four years ago fills. My position has remained unchanged: I do not disregard technical analysis altogether, but neither do I view it as the be all and end all. It has its place. But fundamentals are where the rubber meets the road, and the only way a company that makes money hand-over-fist the way EBAY does is going into the crapper is if some huge, scandalous behavior is uncovered.

You're a smart guy, Spike, and so is New-born. If you prefer to treat me in an ill-mannered fashion, that's up to you. I will not be losing any sleep over it. But let it be known that I have attempted to maintain an air of civility in this disagreement.

[New-born baby]

Rob

I'm not. The thing I objected to in your earlier post today about EBAY and GOOG, NBB, is the .

I apologize for the . I did not mean to be offensive in posting it. I always put up a to try to let people know I am trying to speak in a friendly manner. I apologize that my post came across in a mean spirited way.

And no, I am not always right; I am wrong often enough--too often, to be sure. I should probably follow each call with a post about what I did with it. You do have the right to buy EBAY and GooG and hold 'em, or sell 'em. Please allow me the freedom to voice my opinion--even if it turns out to be wrong. And I still think you are a good guy, who does a great, super fantastic job on POTW, and have the best artwork on the forum. God bless you.

[DSteckler]

Rob,
I don't want you to lose money, but if you lose money on EBAY, it is because you would not listen. I told you; Spike told you; and the falling prices are telling you: EBAY is very bearish right now.

Unfortunately, I was correct in my 7/28 posts about there looking like short covering.

[New-born baby]

Su

SU is back, and earnings will be announced on Wednesday at 6 a.m. EST. This baby will probably explode higher.

I bought SU at $83.85 this morning. Should have entered sooner, but didn't. Then SU shot up to $85.81 before pulling back hard to $83.09 or so. I sold SEPT $85 Calls for $5, and to cover myself for earnings, bought $80 AUG puts. Earnings announced Thursday at 6 a.m. If she drops, I have puts and call money. If she pops, I cover the puts and go on with life.

[New-born baby]

BEAR-nard.

BEAR-nard is going to open his lips next Tuesday. What will he say? Whatever he says will affect your pocketbook, that's for sure. What do the big boys think he'll say? This chart tells you: they don't know what he'll say. I will tell you that I am going to cover my holdings while he's talking. Click on the link; it's worth the trouble.

http://www.stocktiming.com/Wednesday-DailyMarketUpdate.htm

[Runner]

BEAR-nard is going to open his lips next Tuesday. What will he say? Whatever he says will affect your pocketbook, that's for sure. What do the big boys think he'll say? This chart tells you: they don't know what he'll say. I will tell you that I am going to cover my holdings while he's talking. Click on the link; it's worth the trouble.

http://www.stocktiming.com/Wednesday...rketUpdate.htm

NB, here is my graph based on a percentage bases. Not at 50/50 yet but getting close



Blue%long
Red%short

[Runner]

I also agree that the big boys are in stand by mode. They have no clue what Mr. B might have to say. Maybe this explains the choppy action in the markets as of late?