21 & Over Only! Proof of Age Required
Quote:
Originally Posted by
JohnnyIrishXM
P.S. for Road kill and john,sheree said" you both are pussies and to F U C K OFF" Quote directly lol
she said she can cuss with the boys any day in chat,in fact she is looking for you two there now..
It's ok john . . I'll handle this one . . I got a way with the broads . .
Now listen Irish . . . you tell that overzealous moderatress "over there" that we ain't playing touch football in this house!
So if she wants to tiptoe over here and pull up her little charts we'll see what develops . . . :p
Duke's Saturday Post from 11/21
A lot bash this guy. I find his posts interesting, and so I post his todays post here.........................
From the Duke:
On Thursday in the PM after market we had some unexpected multi million share block sales of SIRI. Sales like this occur when an institution or insider needs to sell. The shorts all cheered on Thur. night and yet the stock invariably goes up the next day. Let's try and figure out why this happens.
First, the sale is NOT unexpected. It is PREARRANGED. The institution or insider does not want to upset the market by dumping the blocks so he or it contacts one of the prime MM to arrange the DATE and TIME of the sale. This usually occurs 48 hours before the sale. The MM now has a chance to make a DOUBLE profit. Here is how it works. The MM can start shorting the stock once he knows the deal is in place because he knows he will have the stock to cover his short. The other MM take their cue from the prime MM and join in the fun. In this case SIRI was down a penny a day for four days. The block stock sale took place at 62, the low for the week. In this case the MM did not use the block to cover its short. It failed to support the stock on Fri. morning and used the selling to cover its short when the stock went below 62. The short covering provoked an afternoon rally in SIRI and the MM distributed the stock they bought in the block sale when the stock got to 63. An early Thanksgiving for the MM. Next time BUY when the insiders sell and learn to play the game.
In order to understand the rest of the post you will need to pull up a two month and a YTD chart from another site. If you look at the 2 month chart you will clearly see an ASCENDING W pattern. The left leg of the W was formed when we hit 69 on 9/17 and 57 on !0/5. The inside left leg was completed by the move from 55 to 62 on 10/19. The inside RIGHT leg was finished on 10/28 when we went down to 57 and the upside leg prematurely hit 67 on 11/13. If you look at the YTD chart you will see the upward W formation which started in early MAY.
If you remember my earlier post about the DESCENDING W in early Sept. you realize that RIGHT SIDE of the DESCENDING PATTERN has become THE LEFT SIDE OF THE ASCENDING PATTERN. This is a powerful indication of a stock in transition from a downward to an upward movement and is the SECOND CONFIRMATION that the 5 year downturn in SIRI ended on 10/14.
My view is that TUNA is best served by being pan seared over high heat. Baking or broiling is too humane. The stock is where I expected it to be two weeks ago. It decided to repair itself rather than hold the new level after the illtimed S&P upgrade. Good idea but it also did so technical damage. Originally, I expected the breakout to come this week. I now expect the move above 66 to come the first week of Dec.
My post next week will be on Sunday but near noon as I will still be on the Left Coast. Happy Thanksgiving.