Surf Report

marketsurfer · Apr 28, 2017

MoneyMatthew said:
I'm not trying to jump on the "hate surf" vibe of this thread. I give him credit for putting himself out there publicly with directional calls. Few people actually put themselves out there publicly with directional calls. I remember folks on this site trying to get Jack Hersey and many other gurus to make just one call without any luck so again I give credit to surf for making a directional call publicly on mini-Dow Futures.

With that being said, do you have any reason beyond this to short Restoration Hardware? I really don't know much about your Price Drivers system but does it mean you literally drive around in your car and get trade ideas? Man, you are really putting the "Driver" in Price Drivers lol...OK I made my joke but seriously, any reasons beyond the cosmetic exterior to their retail store front to believe that price will fall over 50%?

Thank you.

Sure, the picture is just a symptom of the disease. RH has peaked.

Good luck!

surf

MrScalper · Apr 28, 2017

volpri said:
PS That red line is support.

The only support you know is the one you get from the government..LOL

MrScalper · Apr 28, 2017

marketsurfer said:
Thank you, Mr. scalper. I must say, with my expert knowledge and experience in the TA world, even though I no longer believe it is an effective decision making tool, that price chart looks very, very bearish.

surf

PS-- just wait, some deluded, hindsight, chart drawer will say the red line is support-- LMFAO

You are welcome Mr surf..so nice to see civil and pleasent conversation!

There might be one more push higher before the drop, but rest assured it is on the way, as all market internals are pointing to a move downwards in the main index futures.

Let the experts look at their textbook TA, and go hibernate again in the very near future..LOL

MrScalper · Apr 28, 2017

FreakofNature said:
Don't get all worked up, most know this journal is purely for entertainment purposes.

I am just highlighting how silly and ridiculous the majority really are!

HolyMoly · Apr 28, 2017

marketsurfer said:
Thank you.

Sure, the picture is just a symptom of the disease. RH has peaked.

Good luck!

surf

A picture is worth a thousand words, but I don't think this stock is going to 22 as you predicted anytime within the year The stock is up over 50% for the year so a pullback is expected, but probably nothing major until they report earnings, and then only if their earnings are extremely disappointing. Of course the market could have a major correction, but I just don't see a correction bringing this stock down to 22. I guess that's what makes a market, and only time will tell.

marketsurfer · Apr 28, 2017

MrScalper said:
You are welcome Mr surf..so nice to see civil and pleasent conversation!

There might be one more push higher before the drop, but rest assured it is on the way, as all market internals are pointing to a move downwards in the main index futures.

Let the experts look at their textbook TA, and go hibernate again in the very near future..LOL

the very structure of the market herself demands a 1000 point plus drop very soon-----relatively speaking!

marketsurfer · Apr 28, 2017

HolyMoly said:
A picture is worth a thousand words, but I don't think this stock is going to 22 as you predicted anytime within the year The stock is up over 50% for the year so a pullback is expected, but probably nothing major until they report earnings, and then only if their earnings are extremely disappointing. Of course the market could have a major correction, but I just don't see a correction bringing this stock down to 22. I guess that's what makes a market, and only time will tell.

Do you think RH's initiative of building 50k sq foot palaces to retail is a smart move right now? I have been wrong about retail in the past--- but this seems like a slam dunk to me right now

HolyMoly · Apr 28, 2017

marketsurfer said:
Do you think RH's initiative of building 50k sq foot palaces to retail is a smart move right now?

No, but it could take years before it could have any effect on the stock. Apple is doing the same thing at a few of their stores this year as they are trying to make their stores a "hangout" destination. Maybe RH is doing the same as Malls are becoming less desirable to the public.

volpri · Apr 28, 2017

MrScalper said:
The only support you know is the one you get from the government..LOL

RFLMAO catch any minnows today skippy?

BTW Investor...trader...rabbit hunter...dream chaser..titles don't matter. 8 or 9 losses in a row (so many not sure if 8 or 9 mr livermore would know as he tracks such items with an eagle eye) indicate the system is not working. At the very min on the YM. Surf may need to get ready to jettison his position TODAY.

marketsurfer · Apr 28, 2017

HolyMoly said:
No, but it could take years before it could have any effect on the stock. Apple is doing the same thing at a few of their stores this year as they are trying to make their stores a "hangout" destination. Maybe RH is doing the same as Malls are becoming less desirable to the public.

Apple is on to something-- But RH? Yeah, lets go sit on a phony $6500 faux vintage chair -- who buys their ridiculously overpriced crap? Wannabes and credit card warriors? Until they have their friends visit who know better and get shamed.

We called SHAK short Still in, AMD with both entry and exit long, now, RH is DONE!