Short Google, MA, AAPL AND RIMM

But what about aapl, rimm, and ma michal scott? This isn't a radio shack or interactive brokers thread. Don't try to change it because your original shorts are up again today.

Too much TA...too much
 
I see Apple pulling back. The Businessweek short is fool-proof. Anyone that appears on the front of the rag at this time of year is a short!!!! Yarrrrgg!!!!
 
Let me teach you a thing or two about trading. Not all of us are in it just for the money...there is a reason why we dont just plow our money into the "good stocks" and hope for the best.

Its because we love it. We love sitting in front of monitors making calls and placing our bets. When we get it right, we feel the rush. When we get it wrong, we feel the pain. I know you dont understand this concept because YOU ARE NOT A TRADER. You are just some guy who threw two bits at GS and a few bits at MA and hoped for the best.

Its the excitement. Its the rush. Thats trading. However, trading is also the pain, the disenchantment. Its a two-way street. Traders are junkies. There are some guys here that lost hundreds of thousands of dollars during the year 2000 and still came back for more.

Now with that said, lets review a few of the original thread picks. I have thrown my pirate hat on and Tim Knight is beside me along with Lord Vader.

Im surprised that a few have come in. I thought I would be waiting for a bit with one or two, but some have come through:

Apple- down over 2%, i did short this one
MA- up .14% but weakening monitoring this one
RIMM- breaking down, 1% shorted this one
RSH- down over 1%, but strengthening, YARG! waiting!
FRPT- down over 6%, WOW!!!!!!! i did short it at the open.
IBKR- up 2.71%, yarg!!! my stop loss went off, yarg! we will get you yet ib

The ultimate rush will be shorting radioshack. This stock is junk, it should be there with TWTR and Circuit City, but somehow its propped up. YARG!
 
michaelscott and stock_turder are a match made in heaven. One guy can't figure out what he knows and the other can't figure out that he knows nothing. It's like tweedle dumb and tweedle dee making the music only two of such a caliber could make. :p
 
Quote from michaelscott:

Let me teach you a thing or two about trading. Not all of us are in it just for the money..



I guess you enjoy losing money. From what I gather you appear to be pretty good at it.

Quote from michaelscott:

When we get it right, we feel the rush. When we get it wrong, we feel the pain.

You are describing the symptoms of a gambling addiction. I suggest seeking a support group.

Quote from michaelscott:

I know you dont understand this concept because YOU ARE NOT A TRADER. You are just some guy who threw two bits at GS and a few bits at MA and hoped for the best.

My June 2006 picks on average are up 40% thus far..completely shattering the market. My recommendations of GS, AAPL, RIMM, etc have also surged and it isn't luck. Its called buying stocks that go up. Something you should learn even if your a stock trader.

Quote from michaelscott:
Its the excitement. Its the rush. Thats trading. However, trading is also the pain, the disenchantment. Its a two-way street. Traders are junkies. There are some guys here that lost hundreds of thousands of dollars during the year 2000 and still came back for more.

Yes that is called an addiction. There are medications you can take as well as support groups.

Quote from michaelscott:

Apple- down over 2%, i did short this one

Um..in your first post you said you would wait till the 'breakdown'...how convenient you were short when its going down now.

Quote from michaelscott:
RIMM- breaking down, 1% shorted this one

lol

Quote from michaelscott:
FRPT- down over 6%, WOW!!!!!!! i did short it at the open.

Sure you did, noob

I recommend visiting this site, mike

http://www.epill.com/

you need it
 
Quote from SiSePuede!:

michaelscott and stock_turder are a match made in heaven. One guy can't figure out what he knows and the other can't figure out that he knows nothing. It's like tweedle dumb and tweedle dee making the music only two of such a caliber could make. :p

At least we can both agree that michael scott is a flooz.
 
Quote from michaelscott:

I cant forget our buddy GOOG. Still waiting for the pivot. It will be soon, count on it.



What ever happened to the 'new economy' and us 'range trading losers' ?


god... I guess progress made by drug companies doesn't produce medications strong enough. Short PFE/MRK/etc !!!

http://www.elitetrader.com/vb/showthread.php?s=&threadid=92879&perpage=6&pagenumber=26

http://en.wikipedia.org/wiki/Michael_Scott_(The_Office)



And..

michaelscott


Registered: Mar 2007
Posts: 841


05-23-07 01:59 PM

You have to look at the writing on the wall. Most of you guys were so bearish when the market fell in February stating the correction is finally here. Thats when the Russell 3000 was at 800. Now its at 884, the entire market 10% higher!

You guys are the old economy, the days of the small crap, the days of the range trade. Now the markets are moving higher and your pride and ego is hitting you now. You thought you could range trade IBM forever and ride up the small crap. Now the small crap is being thrown in the waste basket and large cap growth is back. You wonder how and why this could be.

Its 2007, not 2006, not 2005 or 2004. Its time for a new attitude.


michaelscott


Registered: Mar 2007
Posts: 841


05-23-07 01:02 PM

A lot of you guys are still thinking post-tech bubble and have these fantasies of P/E contraction. Now the P/Es are expanding once more and the 50's era method of valuation is being thrown into the waste basket. Amazon is a company that can execute and so it is rightfully rewarded with generous P/Es. Those companies that cant execute, small cap crap, are rewarded with these obnoxiously low P/Es.

We are now at a time once more where its time to throw out the old methods of valuation and to reconsider the way we look at stocks. Amazon will go to 100 in the weeks to come. You can buy your puts or short the stock, but you will only lose money and your pride.

In the new economy, Amazon is rightfully valued and for those who wish to fade or disbelieve will get run over by the train. Now lets all give a hand to Amazon one hundy!!!


michaelscott


Registered: Mar 2007
Posts: 841


05-24-07 07:19 AM

Come on Amazon bears. Amazon is part of the new economy. All that old stuff you used to trade cant execute like Amazon. You guys see a high flyer and think it will just tank back down. Im looking forward to Amazon ONE HUNDY!!!!

This goes beyond fundamentals. Sometimes you look at a stock and wonder why its so high when the fundamentals are against it. Sometimes you look at a stock and wonder why its so low when the fundamentals seem for it.

Its not about fundamentals, but its more about a thesis on supply and demand. Right now, there is no overhead supply and lots of underlying demand.

The first part of the demand equation comes from the shorts and the puts which NEED to cover no matter what. Then there are the momentum traders that will get on board too. Then there are those that will buy it just because its at its 52 week high.

How long can this go on for? It can go on for months, years in fact.

A stock that has a lot of overhead supply has a lot of angry investors that are ready to dump the second it hits a certain price. Then there are those traders that use averages and support/resistance who will dump at a certain price. Amazon has grown past all that BS and nonsense.

Raise your glass as we welcome Amazon back to the new economy.
 
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