BlackBerry is approaching another
death cross on her chart. It looks like it's about time to wind this company down and sell the toner and the remaining sealed, unopened cans of keyboard de-duster.
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| BBRY 3Y |
David Stockman and the
ZeroHedge bear chorus are getting all excited lately with crash warnings or other violence on the indices. I don't see why the current move can't last another week, dragging on toward the end of March. Plenty of wiggle room on the chart, and we still need that touch of the upper daily and weekly Bollinger Bands.
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| SPX 40D |
13 comments:
Looking back at the BBRY chart, remembering how frantically the Karl Denninger was promoting the stock at $17 to all his good friends.
QNX, it's got what plants crave, it's got electrolytes.
Employees at BBRY should be on the lookout for supply restrictions.
True story. As a consultant back in the day for MCI Worldcom I came in one day and found they had removed the 'free' coffee, tea, and hot chocolate and were also removing every other neon bulb to 'save' money. I was on the phone the next day to my pimp, er I mean recruiter, to get me outta there. Too bad I didn't quite have the investment edumacation otherwise I would have shorted the heck out of that stock. ;-)
Early action has slightly moved the reversal for me to 2151.21 (confirmed, EOD). Get busy Yellen!
Yep Asimov got hosed by bbry
Will be interested in the close, but this surge puts this Friday, 3/20, back on the board as a potential topping high, if we can make it up near 2130 SPX.
Greece runs out of money, you know.
cg, congrats on those april calls.
yellen came thru like a champ today!
overdue for some new ath's for a few months before next pullback ?
hope to have more powder built up by then.
re: it's got electrolytes.
... but what are electrolytes?
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Headed to the TIme Machine... its near Costco I hear.
re: rate hike, still believe no rate hike at all this year and possibly most of next (maybe after elections). until zero interest becomes a problem we won't see a raise. the fed will know when the time is right. after all after 6 years it's hard to argue against they got it right this time
Bubblelicious.
http://finance.yahoo.com/news/stock-funds-worldwide-attract-over-132008997.html
Gotta love it.
I added some crazy risklove overnight SPY calls, even into the headwind of the dividend payout at the open this morning. Madness!
Cheering for them to become Little Lebowski Urban Achievers today.
Dumped all SPY calls, in case we trade sideways to finish the quad witching session, and wrap up the E-D structure next week.
Roughly 4-baggers on the April week 1s and on the overnight risklove calls as well.
There will be no rate hike in Ben Bernanke's lifetime. His words. Markets will crash anyways, likely after this next closing high. Biotech bubble. Nasdaq at 2000 highs. Breadth still horrible and getting horribler. Bounces will come from qe 5, 6, 7...inf
There will be no rate hike in Ben Bernanke's lifetime. His words. Markets will crash anyways, likely after this next closing high. Biotech bubble. Nasdaq at 2000 highs. Breadth still horrible and getting horribler. Bounces will come from qe 5, 6, 7...inf
Connect the peaks from '00 high to '07 high. Then project that length out from the '07 high. I believe that falls around mid to late April depending on whether you use daily or weekly data
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