35854 replies to this topic

[Beorn]

  
Reason being?

A

 

But seriously, I just saw the jump and it looks like it was an over reaction, I dont expect it to fall far, just a scalp.

Will close it soon

[Beorn]

  
Reason being?

A

 

Because I think we will go down.

[bear catcher]

Short 36420

[Argento]

 

I'm short @ 36292

 
Reason being?

A

[Beorn]

I'm short @ 36292

[Argento]

 

Well...never sell a dull market!

A

Is a 10 day consolidation build up so once she pops should be a lekke move to the previous highs!

A

[K~~]

Mhlanto's thingy also starting to turn up. Go bulls!

 

Tested again, and held. Fourth/Fifth time lucky?

[@sirgrantfleming]

must be that hedge fund from Lesotho buying the dip

dude... L O L

[@sirgrantfleming]

me thinks the alsi's hesitance is due to S&P being very close to 1700 level.... if US markets can maintain the rally then we will recover.... for now looks like nobody's sure (asia/europe/us) wait till somebody decides what they want to do!!!

In that case, I have decided we are going up, buy buy buy!

 

*disclaimer side note, the last time I said something similar the market tanked 2000 points, so beware.

[Redeemer]

must be that hedge fund from Lesotho buying the dip

 

I just got off the phone with  my contact in Lesotho currently managing a 2 billion $ hedge fund..in Zim

We could see a 1.7% gain on Monday which is my preference since I have 2 longs in the market. There is a little gap to 35800 that might have to be filled first though. Didn't think  that was on the cards but I see that Nando's are playing up again!!! Perfect timing isnt it!

[K~~]

Tested again, and held. Fourth/Fifth time lucky?

 

 

3 times if Im not mistaken? That is normally bullish but you are right..I wont add to my positions again until we breakout

[Redeemer]

comforting words those...for us the longs!

 

Well...never sell a dull market!

A

[Argento]

Well...never sell a dull market!

A

[K~~]

Long @ 36080

She has touched the uptrend line from June 24/5 a couple of times now. Break could still go either way. Will wait for confirmation before pulling the trigger..

[Ninja]

me thinks the alsi's hesitance is due to S&P being very close to 1700 level.... if US markets can maintain the rally then we will recover.... for now looks like nobody's sure (asia/europe/us) wait till somebody decides what they want to do!!!

[K~~]

She has touched the uptrend line from June 24/5 a couple of times now. Break could still go either way. Will wait for confirmation before pulling the trigger..

 

 

Looks like a potential double bottom at 36000....nice set up for a long!

[Redeemer]

Looks like a potential double bottom at 36000....nice set up for a long!

 

 

Looks like we are gonna test 3950 before we makes a move up or down

[K~~]

What is this slow drift southwards? Almost as if she is waiting for some bad news in order to plummet?

[JJBen]

Ja well, here is my peanut for the day:

 

He went from boom to bust a dozen times... and commited suicide in the end, a broke(n) man.

It would be interesting if one could estimate his real returns if he implemented a sound SL strategy.

Still a very good book.

  
Glad you enjoyed it Shortboy, put things a bit in perspective, scary thing is how much money he made in that early years (after learning his lesson)...just need to stick to the principals!

A

[Argento]

 

Hey Argento!
Thanks for your much earlier post about the book "Reminiscences of a Stock Operator", read it this weekend. I shouldn't be, but I am amazed! It's exactly like the guy said back in the early 1900's. There is nothing new on Wall Street (read: stock markets). They even had a thing called "Boy Bankers" back then!! Just like the lighties who came up with S&P rated CDO's for sub prime mortgages in the States!!
 
I learned quite a bit more about speculating from this guy but I must say the best part of the book for me was how that Wolff guy in chapter 22, through his complete and utterly unabashed greed, totally f..ks himself while being party to an "operation" he and his buddies asked Livermore to undertake on their behalf....and then gets p'd off with Livermore when Wolff's whole back office scheme collapses! Oh my!! I cant stop laughing as I think about that oke....fretting over the ticker tape all those years ago!!
 
If anyone hasn't read it, get it, read it!

 
Glad you enjoyed it Shortboy, put things a bit in perspective, scary thing is how much money he made in that early years (after learning his lesson)...just need to stick to the principals!

A