TA vs. FA ..... a contest

[jiesen]

SPIKE thats about a 1,118% annualized return! We would have taken it, right Jiesen! Good sound fundamental trade if you ask me.

Hah! We average DOUBLE that over on the FA team.

[Runner]

You guys crack me up

[skiracer]

You guys crack me up

Runner,
Are you absolutely sure you don't want to be a part of all of this?

[skiracer]

By the way did this thing get off the ground today. Are the parameters set yet. Anyone know what is going on are we still in limbo or is that limburger.

[jiesen]

so Lye, who's got their sh*t in a pile now?

[spikefader]

OK TAers.

Where are we in this competition. Well, let's work it out.

We have 5 picks each. That means that today we only employed 3 of those 5 and have an average of -0.468% for the 5 positions (yes, those 2 cash positions ARE STILL included to calculate the average).

The FAers employed 4 of their 5 picks, for an average of 1.46% for the 5 position average. 1.46% gents. Certainly many a slip between cup and the lip with that number.

Jiesen thinks that number is enough to not only beat us, but to trounce us. Frankly, I'm insulted and ya'll should be too

I'll tell you this: All we have to do is be patient, stick with our plans, and take great entries and not poor ones (dmk, your suggestion today to short MFLX at S1 with such a strong daily chart, no offence, is not the kind of play we need to be making. That was merely a gamble). And Newborn, buying an opening price that becomes a tweezer nightmare like you did today isn't the way we're going to win this thing! And I'm really not being too serious with all this, but having a bit of fun. At the same time, surely you see the sense in what I'm saying....

We are still in pretty good shape guys, and any criticism I'm writing is in the interests of the team. We should trade like a well-oiled machine and be professional about it. Those FAers were LUCKY the thing didn't start on Monday because it would have been a walkover because we all saw what happened to dmk's and ski's picks (and my TASR by the way), which were Fantastic picks, and the fact that none of the FAers have commented on them is another insult . So let's do a bit of homework tonight, and come back in the morning and act like a team. Today we didn't. Ya'll should watch the thread like a hawk, and if you can't then tell me so I know to delegate or get a replacement.

It's all good now..... hehe

[skiracer]

Spike,
Excellent and 110% the way I feel. I had a question. If I stay in the ABAX position does that mean that I can't trade anything else until I exit that position or do we get a pick a day.

[jiesen]

The FAers employed 4 of their 5 picks, for an average of 1.46% for the 5 position average. 1.46% gents. Certainly many a slip between cup and the lip with that number.

I get a different number, Spike. Of course I'm calculating differently, but you may not have taken into account that the BMD position was acutally bought as a 40% stake rather than the usual 20%, in order to utilize the entire cash position. AFAIK there were no preset rules to disallow this option.

My calculations show a net +2.1% including the HTRN position, and assuming it closes tomorrow at 10.3 (limit order is GTC), that's 3%, and a most definite trounce!

Of course there's no telling what FA tricks we may still have up our sleeve for tomorrow, muhahahha.

[dmk112]

I say we start this thing next week with rules SET. This contest is just a BIG MESS and it is giving me a headache right now. Let's set the rules and restart this thing next week.

[skiracer]

Well you can't make up the rules as you go along to benefit your team. There should be some parameters an a specific start and period of time that it runs.

[billyjoe]

Exactly why I picked Jiesen as team captain. He does just what you'd never expect , a great strategist. Remember when he shorted a .01 stock and won the POTW contest in record fashion? I'm not the sharpest arrow in the quiver, but I remember stuff like that. This guy would short his grannies doily business if Johnny the shoe shine boy told him they were coming in a cent under estimates. Carry on the good work , Jiesen. I see you have a hard 2 hrs 11minutes of work left today. I'm essentially unemployed , yet you outpost me while working full time , amazing !


billyjoe

[spikefader]

jiesen,

Oh, OK, gotcha re the double position. Now that's an interesting option we have. I missed that when you posted earlier, but read it now, so that's fine with me. Tomorrow we may employ the same tactic ourselves. What limits shall we set? Can we lump all 5 positions into one trade?

So the 3% BMD position is actually 2x3% relative to the whole 5 positions, right?
So -1.1+2.9+2.5+3+3= 2.06% average is what I get.

Good luck tomorrow boys.

[spikefader]

Spike,
Excellent and 110% the way I feel. I had a question. If I stay in the ABAX position does that mean that I can't trade anything else until I exit that position or do we get a pick a day.

As far as I'm concerned, you may go in and out of ABAX or any other pick as many times as you want, on the condition that it's not unfair in any way, like spread trading all day in an unrealistic fashion. Let's be real about it. But yes, one pick each, that we can enter and exit how we like according to TA.

And TA gents, I am deciding to let the flood gates open tomorrow. You have free reign to post whatever TA trades you like - no pre-approval, no limitations from me. If you want to buy MFLX at support, then go right ahead. But just make sure your TA supports why you would ignore such a big thing as intraday price support. The one limitation I will set is your stop. No more than 4%. Are you all happy with that?

[skiracer]

I'd rather lose than go running around like a bunch of undisciplined retail guys. I say stay within your tight discipline and plan regardless of the outcome. Are we gamblers or strategists? Personally speaking I'm not a gambler so I plan to stick to my tried and proven strategy's an I would hope that the rest of our team doesn't revert to throwing darts or gambling. It wouldn't be the first time I've lost at something an this thing is far from over. Christ it hasn't even started yet. They blew us off without having their shit together yesterday with some pretty good gains in the bag.
Let's set some parameters that both teams have to abide by and take it from there. Like Spike said earlier, if any TA player doesn't have the time to make a decent well analyzed pick that will pass mild scrutiny on the technical side then let someone else take their spot. It's no big deal losing but looking stupid and losing is another deal. We can have fun but still be serious about our picks otherwise it's just bullshit.

[Lyehopper]

You-Da-Man Jiesen (nice pile)!

Now to drive the final nail into this two day showdown. Watch BMD closely in the morning.... wish you had held her over, but it don't mattah. We still got em on the run. BTW can I make another pick? I got a fine short up my sleeve for tomorrow.... buahahahahaaaaaa!