Cramer is back at it

[tradingjournals]

I went long FB puts for bragging rights and to stick it to cramer and his followers.

 

[Redneck]

I would think that generally people, not including red necks, would view 71.71 as a price that could represent, for the purpose of anticipatory estimation, any price in the range of 71.71-X to 71.71+X , where is X a small enough number such as X=0.70.

Never one to shy away

===============

FB is a short @ 71.71, the models say.

Feb 25, 2014

Opened $70.95
High $71.00
Low $69.45

Was yesterday a / the top… or today simply a pullback

Still curious the Stop and Target

RN

 

[FXforex]

Feb 25, 2014

Opened $70.95
High $71.00
Low $69.45

Was yesterday a / the top… or today simply a pullback

• Newbie traders view.
• Experienced traders view.

 

[badnewsbear]

You people make me cringe with your laughable top predictions.

 

[tradingjournals]

Never one to shy away

===============





Feb 25, 2014

Opened $70.95
High $71.00
Low $69.45

Was yesterday a / the top… or today simply a pullback

Still curious the Stop and Target

RN

Once you draw your first resistance line, you may post it. Until then I assume you have only support lines, the highest of which I assume was somewhere above 70.40.

 

[Dustin]

Back in February 2000 everybody was VERY BULLISH, not just Cramer. Nobody predicted what would happen after March 2000, it was a black swan event.

Were you trading at the time? Multiple hedge funds died glorious deaths trying to short the top. Many saw the top, it was the retail that just kept buying on the way down while not understanding how bad things can get. This time won't be any different.
The Fed bubble will pop, and the ride down will be a lot of fun for traders...not so much for investors.

As a side note, my parents split that year. I took over my moms finances and in March sold her entire portfolio that dad had built up. She booked nice gains and bought a house. He went broke.

 

[Redneck]

Once you draw your first resistance line, you may post it. Until then I assume you have only support lines, the highest of which I assume was somewhere above 70.40.

First;

Clubber,

I apologize for taking your thread off track Sir

===============

Next;

TJ

I asked you, twice, for the context of your short call – which you ignored

Then come back with this crap

Blow it out your ass dipshit…. it not my responsibility to explain / justify your call

===================

For those interested;

Today price rose to an area of no demand…. (rectangles) - reversed…, and ended up in area of demand (circles)

What also notably absent over the last 2 days – was any significant supply as price was moving down

=====================

Tomorrow..,

I suspect we’ll see if demand is still present

======================

Btw;

Unlike TJ… I’m not making a call …, rather sharing my observation

I do not know what tomorrow will bring

=====================

You see TJ…, pretty easy to do that which you are obviously incapable

RN

 

[tradingjournals]

How is your lines of support doing? It is now at 68.11. The hindsighters might at a point in time start drawing lines of' resistance" way below 71.71-X, which should happen after they books the losses on their longs bought at the top.

 

[tradingjournals]

http://elitetrader.com/vb/showthread.php?t=282260&highlight=cramer

FB is a short @ 71.71, the models say.

FB at 60.38! The models nailed the top. Who is better: the models or cramer?