The Surf Report
- Thread starter marketsurfer
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Quote from WDGann:
get ready to ROCK, my friend........
we are closing the DJIA longs now at 9750 in the cash index. this was a great ride, thanks !! FLAT HERE stay tuned for strategy for 10.16.2003. holding BBI short.
best,
surfer
best,
surfer
Surf-dude,
Took you up on Short BBI. Came to see Long NFLX is the prettier side of the same coin. Besides, always better to be long in a bull market, no? MSFT or one of the media conglomerates are bound to take NFLX over at some point, and besides, at only 44x ttm earnings it is at a discount to 121x for Ebay. Finally short interest in NFLX is just over the top - everyone will be covering once the Santa Claus effect comes to town.
Anyway, after looking at BBI I've made more w/ NFLX and I'll probably be holding through 4Q.
10/16 - are u tongue-in-cheek or is there method to the madness?
Took you up on Short BBI. Came to see Long NFLX is the prettier side of the same coin. Besides, always better to be long in a bull market, no? MSFT or one of the media conglomerates are bound to take NFLX over at some point, and besides, at only 44x ttm earnings it is at a discount to 121x for Ebay. Finally short interest in NFLX is just over the top - everyone will be covering once the Santa Claus effect comes to town.
Anyway, after looking at BBI I've made more w/ NFLX and I'll probably be holding through 4Q.
10/16 - are u tongue-in-cheek or is there method to the madness?
I feel as if you guys cast a shadow over me and my tiny trading world.Price targets are BBI are around 25 if any one cares about that.Have been mostly permabull since before the actual bottom,will stay that way to 10,000-10,500 at least.When we do get a pullback,will look for bottoms like this double printed by CKFR,ORCL.Thanks Dave.
Nice follow through!The bull is ours to savour Bluehorseshoe.
hi,
we closed ALL the DJIA longs today, yes -- we were a bit early but captured an awesome profit on the upmove. this will be my last post untill 10.17.2003 on the surf report. i am expecting a down wave to begin very soon and our models are indicating to SHORT tomorrow--wednesday. i am stepping outside of the traditional channel system on this trade. here is exactly what we are going to do ( strategy). at 3:30 pm wednesday, i will begin to enter shorts in the DIA, SPY, YM, ES. we will be totally short by 3:40 up to the max risk levels. my market models have me convinced of an impending down wave, but as you know this trade is WAY outside of our normal system and parameters---- if you decide to follow along--- use RISK capital only.
best,
surfer
we closed ALL the DJIA longs today, yes -- we were a bit early but captured an awesome profit on the upmove. this will be my last post untill 10.17.2003 on the surf report. i am expecting a down wave to begin very soon and our models are indicating to SHORT tomorrow--wednesday. i am stepping outside of the traditional channel system on this trade. here is exactly what we are going to do ( strategy). at 3:30 pm wednesday, i will begin to enter shorts in the DIA, SPY, YM, ES. we will be totally short by 3:40 up to the max risk levels. my market models have me convinced of an impending down wave, but as you know this trade is WAY outside of our normal system and parameters---- if you decide to follow along--- use RISK capital only.
best,
surfer
Quote from marketsurfer:
hi,
we closed ALL the DJIA longs today, yes -- we were a bit early but captured an awesome profit on the upmove. this will be my last post untill 10.17.2003 on the surf report. i am expecting a down wave to begin very soon and our models are indicating to SHORT tomorrow--wednesday. i am stepping outside of the traditional channel system on this trade. here is exactly what we are going to do ( strategy). at 3:30 pm wednesday, i will begin to enter shorts in the DIA, SPY, YM, ES. we will be totally short by 3:40 up to the max risk levels. my market models have me convinced of an impending down wave, but as you know this trade is WAY outside of our normal system and parameters---- if you decide to follow along--- use RISK capital only.
best,
surfer
YOU ARE THE DAMN MAN!!!!!
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