Market Watch week of 10/05/2009

[Ramsey]

Sure you're not Bill's alter ego, Tib?


***

As most of my portfolio, I'm reminded of the Sandy Eggo Chargers -- one of the phrases used, around here, to jumpstart conversations that have lulled is "so, how 'bout them Chargers" -- it's usually with indifference, in my circle, at least.

Me - I'd like to see the Chargers relocate to Puerto Rico...the Padres, Too. Those f*cks have cost this city waaaaayyyyy too much!

The case report that I'd love/hate to read is an in-depth analysis of where *that* money has gone...it's not back in the economy, that's for sure!

Doc, you are a very nice fellow, but, since I bought in at .01, I'm hoping we don't dip much lower.....

[Dr. Dave]

Ok, I'm going to bed, it's at 0.0077...
I hope I by the end of the day, that I didn't actually have today's low as an order that didn't get filled!!!!! lol. Been waiting days on this! Adjusted to 0.0072, I need to get up before close, let's see what happens.

Candleman, if the pattern plays out, you'll get your cash back... and right now, against my sake, things are going in your favor.

Damn I suck at this stuff!!!!!!

[candleman]

I had to zoom in on the chart - I'm doing something silly, trying to predict the formation of the pattern... ends up 0.0071 is the bottom of the line, not 0.0070... so going one tick above at 0.0072 is close enough, but there is a real war between 0.0073 and 0.0075. We'll not really a war, but the price seems stuck there. Anyway, 0.0071 holds and its pattern on so far.

I think I may change to 0.0072 so I can get in, if it drops that far... i won't be able to sleep unless I change it, and we're only talking a few bucks.... though, if it were to hit 0.0071, or worse yet, go under while I sleep, i'll go nuts!!!

It's all principle!

Bill - look out, you may end up owning it, especially if I fall asleep...


DAMMIT, 0.0076!!!!!!!! I'm screwed. It broke today's psychological barrier.

DAVE....BEFORE YOU GO TO SLEEP.....

I feel good about owning this company because of what they do. I think they are providing a very important service that has a strong future.

But, what are your techinical reasons for buying? And what future range do the technicals point to?

[ShotsII]

Sure you're not Bill's alter ego, Tib?


***

As most of my portfolio, I'm reminded of the Sandy Eggo Chargers -- one of the phrases used, around here, to jumpstart conversations that have lulled is "so, how 'bout them Chargers" -- it's usually with indifference, in my circle, at least.

Me - I'd like to see the Chargers relocate to Puerto Rico...the Padres, Too. Those f*cks have cost this city waaaaayyyyy too much!

The case report that I'd love/hate to read is an in-depth analysis of where *that* money has gone...it's not back in the economy, that's for sure!

Whoa now. Slow down Ramsey. Now youre talking about my teams.

You can insult my President and even my intelligence, but going after a man sports team, well, them's fightin' words.

I lived in SD for almost 10 yrs, moved away 5 yrs ago, and miss it dearly.

[billhart22]

Looks like Bid support just fell out the bottom of LFBG


It came back a little. I was looking at .0700 for a minute or two.

It could fall down now....that would be a good thing. Today is the date of record for picking up the split, so may the best man win! Which way to play it is the hard part.

[candleman]

Ok, I'm going to bed, it's at 0.0077...
I hope I by the end of the day, that I didn't actually have today's low as an order that didn't get filled!!!!! lol. Been waiting days on this! Adjusted to 0.0072, I need to get up before close, let's see what happens.

Candleman, if the pattern plays out, you'll get your cash back... and right now, against my sake, things are going in your favor.

Damn I suck at this stuff!!!!!!

My order just filled at .0073, so your should fill for less soon.....

[candleman]

It could fall down now....that would be a good thing. Today is the date of record for picking up the split, so may the best man win! Which way to play it is the hard part.

I still feel that the dillution will drive the price down and keep it there for awhile. If you're looking for a hold and pray (no pun intended) it may pay off. But I can't imagine it being a profitable move in the short term.

[Dr. Dave]

DAVE....BEFORE YOU GO TO SLEEP.....

I feel good about owning this company because of what they do. I think they are providing a very important service that has a strong future.

But, what are your techinical reasons for buying? And what future range do the technicals point to?

I had to look one last time before going to sleep, and you caught me. Yeah, I think it's a cool company too.

I'm doing something that may not be the smartest, but at least, it's in my area of trading... for the last few days I"ve been anticipating a pennant formation on this guy... which is why I was looking for it to hold 0.006 previously, then after that, the top part formed, so I've been looking for the bottom part... now note, trying to play a pattern, before the pattern exists is really kind of dumb, but on the other hand, with the good news lately, and taking into account some folks wanting to get out, I have kind of a fundamental reason that the technical play (I need my head examined) should form. That's the hypothesis anyway. Assuming we form the pattern, then there is a breakout, say around 0.009, we would expect to hit 0.0165. But the whole idea of it happening is way to far ahead of time, the pattern isn't there yet.

That, and I need to check the resistance levels...

Which we have some at 0.012, 0.015 and 0.016 - that said... the target is 0.015 (if things go to plan)

[Dr. Dave]

My order just filled at .0073, so your should fill for less soon.....

Bastard!!!!! LOL

[Ramsey]

LOL -- ;-)

Well, then you can appreciate how pissed off your fellow sports fans were after the city paid millions of bucks to keep the teams, guaranteed that the seats would be *filled, and then locals couldn't watch the games on TV because it was blocked due to the networks not wanting folks to see a half-filled stadium.

*the agreement was that the city would buy unsold seats. A part of the deal was that the city was not permitted to resell or otherwise give the tickets away.

*the blocking of the games, the way I see it, is not unlike deforestation by way of clear-cutting and leaving the trees that line the roadways.

Companies like the "herd mentality".

***

Point of record, I played sports from the time I could spit, all through high school. Baseball was my favorite -- then basketball -- football followed up.

I had always been an avid fan. That was, until the MLB strike. Well, I continued to watch football until I lived abroad. It only took a game and a half for me to realize that the real cost of watching the games live was way too expensive.

Speaking of 'real costs' - the true cost of an NFL game, in Sandy Eggo, is so far out of the stratosphere...it should be a crime.

***

I might would add that I don't fault the players for wanting more money. After all, *they* are the reason that folks pay the bucks.

Whoa now. Slow down Ramsey. Now youre talking about my teams.

You can insult my President and even my intelligence, but going after a man sports team, well, them's fightin' words.

I lived in SD for almost 10 yrs, moved away 5 yrs ago, and miss it dearly.