Wednesday, January 30, 2008

Whipsawed, chopped, and trapped?

Except Razor who has an uncanny ability to make the perfect sense of what's happened today, may I assume that many of you are as confused as me? I personally was whipsawed a couple of times, but who are feeling trapped right now? Bulls or Bears?

The charts just look disheartening to bulls, and AMZN's ER in AH and beating almost start to convince me that most tech ER are going to be bad. With tomorrow's GOOG ER on tap, I feel the urge to put my bear costume back on, but then again, Razor said the Friday's job report is going to be good, hmmm..

11 comments:

razor said...

Thanx, I'm just in a zone this week...next prediction, goog will blow the shorts out of their chairs, but I won't back that up by taking a position lol...

flyingwabbit said...

Yuriy said...
Hey guys, what do you think about shorting RIMM tomorrw morning ($94.18). Something tells me that it will not be a good day tomorrow

I am actually looking for a DT/SW L2 for RIMM around 91, with a stop just below 90, IT=98.

flyingwabbit said...

razor:
yeah, man, you have been on fire, but let's see about the goog ER and FRiday's job report!

Yuriy said...

flyingwabbit said...

am actually looking for a DT/SW L2 for RIMM around 91, with a stop just below 90, IT=98.

So did you actually do it?

flyingwabbit said...

yuriy:
Who you think I am? razor? well, I did a quick scalping for a some booze money, same old same!

Anonymous said...

Flyingwabbit,

No offense first, I like your style of S2/L2/L1/S1 bla..bla. But your ISRG operation guide looks like Impossible Mission. Is there some thing realistic ?

Yuriy said...

I see, me 100@90.60 in 100@94.02 out.
Thank you flyingwabbit.
What are you ideas for monday? I have a feeling its time to put on your costume ;)

flyingwabbit said...

anon 2:21 pm
You were right, such speculative call is trying to take advantage of extreme volatility (especially the knee jerk reaction) with tight control of the high risks associated with such calls, and as such, most of such calls won't be hit, and that is OK with me. The idea is that if they get hit, I will have very controlled risks and potentially much large profits.

Yuiry:
I am happy you made a bit on the call, may I put you on the list who owes me a good beer? :)

Yuriy said...

Definitely ! But i thought you don't like beer. But sure, I am very thankful.
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Google Inc., owner of the most popular Internet search engine, reported profit and sales that trailed analysts' estimates, signaling that an economic slowdown may be cutting into online shopping and Web surfing.

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Guys, what is the plan for tomorrow?

razor said...

oh well i blew the goog call, almost bought bidu but stayed out today...was it end of month window dressing? If the jobs report is bad its down periscope...but, that attempted selloff in the morning showed the bulls are strong so who knows...still making bank with etfc.

didn't someone want to short ma? ouch

razor said...

Tomorrow I am buying rtn no matter what the market does, I think it goes to 90 if it triple top breaks out at 65, earnings and guidance are strong, slow unsexy but solid investment in a dangerous market.