Recent content by Growly

The upper line is parallel, so it shouldn't be considered a rising wedge or triangle... no?

It was spun of blackrock. blackstone manages assets.

thanks for the answer. may it blast upwards!

Why not buy the underlying? or sell puts for the same strike to cheapen your cost?

I agree, today isn't an entry point. i'll rephrase my question: given this chart, do u find any interest to trade it should X happen? would you have traded it long or short prior to today?

Awesome answer. educate me! where would you have bought it? i admit i WAS tempted to get it when it bounced of the triangle trend line, but hesitated. was that your chosen point of entry?

I'm shopping for opinions / insights. I do not intend to trade it with real $$$, so feel free to be objective, no repercussions will ensue. given the triangle above, should it break to the upside, what the best risk/reward move? Don't think it a long play at all? i wanna hear! lemme have it all...

Tnx tomorton! it helps a lot trying to get the handle on things. following you r method, what do u use as triggers to enter?

I'm with you on the retail sentiment. not that i consider myself knowledgeable about what exactly you mean (please elaborate!) but when i managed retail clients, i remember that when they were all terrified, it was a good time to buy, and when they got greedy... the other way around. And...

that all makes sense now.

Marvelous. the seeking alpha link is for "pro" only, fyi. the BCM site was inspiring. it does seem so simple to trend trade. that got me thinking, of how and if i can make adjustments for shorter time frames.

Send me those tea leaves and ouija board! :D

Are you from the land down under mate?

Up huge? in opened so far below the ticker was in Chinese characters!