Is Helicopter Ben Naked? Read Tomorrow's News Today

Quote from S2007S:

Im holding SMN and have been trading it on and off for the past few weeks, sold 1/2 a position going into the meeting tomorrow because you just never know how irrational this market could be.....
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Now why would you go and sell-off part of your position in "SMN" when it not only took out last week's highs at 33.74, but closed above them AND the 21-day MA after making a higher low on April 25th?

You obviously are not a technician.
 
Quote from riskfreetrading:

Good analysis, from a professional. There is no upside potential in all cases. Therefore longs case is shaky.
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From another professional:

What is obvious, is obviously wrong

Paul Tudor Jones, 1986
 
Quote from Landis82:

Now why would you go and sell-off part of your position in "SMN" when it not only took out last week's highs at 33.74, but closed above them AND the 21-day MA after making a higher low on April 25th?

You obviously are not a technician.
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At the TOP (bottom), do you know what is the accuracy of technicians who are following the trend? big fat ZERO.
 
Quote from Landis82:

Now why would you go and sell-off part of your position in "SMN" when it not only took out last week's highs at 33.74, but closed above them AND the 21-day MA after making a higher low on April 25th?

You obviously are not a technician.
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My 1st position is just under $37, I have traded it twice in the last 2 weeks buying just under $32 and selling it at $33.50+, now im up slightly on my SMN position,sold it off around $33.50, Tomorrow SMN is either back below $32 or back above $35.00. Wanted to take profit ahead of tomorrows meeting. A rate cut which many anticipate could send stocks like POT, MON, MOS higher again...


My avg in SMN is now sitting around $33.75......
 
Quote from S2007S:

Tomorrow SMN is either back below $32 or back above $35.00. Wanted to take profit ahead of tomorrows meeting. A rate cut which many anticipate could send stocks like POT, MON, MOS higher again...
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Again, you still don't make any sense.
The SMN closed at the highs of the day and took out last week's highs!!!

You wanted to take profits ahead of tomorrow's meeting???

Tomorrow's FED announcement doesn't occur until over 4.5 hours into the trading session.
 
Quote from Landis82:

Again, you still don't make any sense.
The SMN closed at the highs of the day and took out last week's highs!!!

You wanted to take profits ahead of tomorrow's meeting???

Tomorrow's FED announcement doesn't occur until over 4.5 hours into the trading session.
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Look I said I sold HALF OF MY POSITION, I wasnt going into any fed meeting with a full holding on SMN, as volatile as it is it could trade down to $30 and back up to $35 over 2 days. SMN and DUG are most likely headed to 40+ I also own DUG which I averaged into over the last 2 weeks and think that could be headed back up as well......
 
Quote from S2007S:

Look I said I sold HALF OF MY POSITION, I wasnt going into any fed meeting with a full holding on SMN, as volatile as it is it could trade down to $30 and back up to $35 over 2 days. SMN and DUG are most likely headed to 40+ I also own DUG which I averaged into over the last 2 weeks and think that could be headed back up as well......
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forget about him. He trades on 20-minute delayed quotes. Do you honestly think he has something to offer?
 
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