earnings no surprise at all. My offer is @$99 you can take it in the next couple of days if you wish so.
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now ebay could fall further...
- Thread starter heilbronner
- Start date
Quote from Maverick1:
Ebay looks like it's being accumulated or distributed right now, which one we won't know until there's a clear break and the trend changes or resumes.
The obvious s/r levels 91.41 and 84.34 should be watched, I believe they will tip the smart money's hand... sp... until then.... patience (sigh).
Mav.
Isn't it interesting to see the fake out yesterday before the big move above 91? Those who were long from the first break of resistance still may have not been stopped out if their stop was slightly below the consolidation.
Anyways, just goes to show, simple (not easy) s/r trading works.
Maverick
Quote from Maverick1:
Anyways, just goes to show, simple (not easy) s/r trading works.
Maverick
lately S/R trading has been difficult, esp if you implement stops... specialists have "effing" with me on those last week, so i know i use alerts and then get out mkt as opposed to leaving stops there the whole time..
perfect example is today just mins ago... on YRK...
Quote from dgmodel:
lately S/R trading has been difficult, esp if you implement stops... specialists have "effing" with me on those last week, so i know i use alerts and then get out mkt as opposed to leaving stops there the whole time..
perfect example is today just mins ago... on YRK...
Yeah I hear you. What I should have said rather was s/r trading can work but is not a piece of cake by far due to all the stop running. Takes a lot of discipline to deal with those mmakers.
Quote from dotslashfuture:
up $2.03 after hours, 91.25 , 1.6 million shares.
after hours trading gets special attention from the Risk Managers and the Compliance desks....
I would salute you if you had a 1.6 mill share position in Ebay into the aftermarket on your way to the next trading day (hence a position trade), and then found yourself up over $2.13 from the 4pm close.....
Quote from heilbronner:
earnings no surprise at all. My offer is @$99 you can take it in the next couple of days if you wish so.
a couple of thousand shares would have looked pretty good right now
in fact, EBAY has been trending up, because it has intrinsic value, and people can correlate the name with the website, and know that real monies/earnings are being generated
Quote from Maverick1:
Yeah I hear you. What I should have said rather was s/r trading can work but is not a piece of cake by far due to all the stop running. Takes a lot of discipline to deal with those mmakers.
with out a doubt... however fundamentals... stick to the fundamentals, and implement a few things you learn along the way, and more often than not youll find yourself profitable...
(knock on wood 3x's...)
Just sold a naked Call with strike@100, expiration May.