Look out below
Look out below
Its been priced in to some extent over the last month and will not be a big surprise to anyone. Though, a nice buying op would be welcomed to add to my LONGDUCKDONGSHARES!!!!!
Departure may be priced in, but just imagine if his replacement is any less inclined to print money.
That is what all this volatility has been about in my opinion. It is a known event now..., that will happen eventually. They had to make a BIG deal about it after the huge run up to force some profit taking during the mid summer months. They will tapper at some point. The more they talk about it and the more the market gets is panties all jumbled up, the less of an impact when it actually happens. They will not do it until the economy/unemployment reach certain targets. By that time it should be seen as a good thing.......just part of the dog and pony show.
Last edited by denco1; 06-18-2013 at 12:45 PM.
Nice call on the pop RC!
I have been unloading some higher basis shares on this run up. I will re assess once it settles down. Dropping the margin kids off at the pool.......STILLLONGDUCKDONG!!
Thanks Denco, I was busy tapping those bears azzes on anything below 3.30 down to 3.21, loading up on options. It's been nice making $1400/penny on the way back up, Thanks bears, I mean Beotches!!!
Obi Wan GINOBLI!!!!!
I WIN. GAME OVER. CHECK MATE. I CONTROL YOUR EVERY MOVE. WATCH WHAT HAPPENS NEXT
The first of a few updated SIRI charts for any that are interested
Has wave 3 completed or is wave 3 heading for an extension? That is the question of the week….
SIRI 2013-06-17 weekly elliot.jpg
The preliminary wave 3 target is calculated by taking the length of wave 1 which is $2.39 and adding it to the bottom of wave 2, or $1.27. This results in a preliminary wave 3 target of $3.66.
Last edited by Limit5Bass; 06-18-2013 at 05:18 PM. Reason: Describe wave 3 prelim target calculations