14 of 15 available for free 1-yr subscription to our Trade Signals. Click here for more info Forget about this guy today. He was not the superstar. This was the big thing today. Click the chart to enlarge: by Gavin M.
Who cares about Greece when you can make a quick $3-$7 per share or per contract on NFLX? Just the same, who needs to worry about the EU meeting when AAPL went ballistic from 127? In this day and age of timely placed tweets and headlines, was there ever a doubt that some weird thing would've happened soon as NFLX hits the highs from yesterday's after-hours session? While we really will not know when Icahn sold all of his NFLX position, the lesson here is to always put a stop limit. I was as shocked as everyone when Icahn yanked all of his longs off NFLX when isn't it a fund manager's wet dream to see the stock he's on for years go limit up some more? That big RED candle on the 5-m chart was Icahn's tweet saying he was all out of his position on NFLX. Like a good fund manager, he staggered his exit orders. I was out of NFLX around 701 thinking 702 - 705 was key resistance levels. I never wait, and I never hope. No one has sent me or us an email today that they lost money on Netflix. Of course, Icahn's tweet was a double-edged sword. Bad for NFLX bulls but good for AAPL bulls. He said that he expects AAPL to do the same thing as NFLX. It was basically a call to arms for everyone to be bullish on AAPL and my short on the fruit did not work out as soon as his tweet came out. You can call it a casualty of war but in the battle against these asshole billionaires, they always win. Why? Because they have billions and I am some poor schmuck stuck in my small office at home. At this point, one should e-mail Icahn and ask him how much he charges for his newsletter. Because that would be something I want to pay $5000 a month for.
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by Gavin M.
While it only has just been 6 days since we've launched our summer sale for classes, I definitely have to ask the world, "Is Retail dead?" We've had 17 orders for our forex and stocks class videos and all of them are not from the Americas. It's really sad. While the majority of our retail trade signal subscribers are here in the west coast the students have been all over the place. The map below shows where the 17 who ordered our classes are from. They are mostly from Eastern Europe (perhaps they want to know how to trade the EUR collapse?). It is funny. I don't claim to be the master of trading and of course we are a small company but to not even have one order from N or S America, that is just appalling! Where is everyone? Here's a new offer for the rest of June: the first 15 orders from North America for either stocks or forex, will get a free year of trading signals and research. CLICK HERE TO ORDER. by Gavin M.
There are a few things I love in this world: Kylie Minogue's fine behind, Kate Upton, my AMEX and of course, seeing the bulls get crushed on BBRY. The funny thing is that I did not even know they were reporting today and I usually have a reminder on my iPhone on earnings of stocks I care passionately about. If you are a GoT fan then you will get the Olly reference above. Olly is a deperate, angry boy wanting revenge for the death of his family. In this case, the bulls ALMOST had it, just almost had it then BAM! John Chen, their proclaimed savior crushes their hopes and dreams as he slashes his profit forecast. There's only one way to interpret the move today - customers aren't paying to get Blackberry services anymore. Why would you cut profit forecasts if your company's enjoying steady, long term contracts? I'm not going into great detail because I'm not as stupid as those analysts over at BMO and RBC still sticking to their $10 / $11 price targets. Analysts are slow and useless when it comes to reality. They are paid to promote stocks according to what they think. Do they actually put their money into the calls they make? Hell no. But today, it is a victory lap for me because as I have been saying for years now, this company is just simply doomed. It will be like RSH - Radioshack. It will take years for it to die. Heck, it might even downsize significantly and exist for decades to come but what the simple truth is, investors will once again get robbed. This time, bulls, don't call the SEC or the IIROC to complain about your stupidity, you only need to look in the mirror and blame the person staring back at you for putting money in this ridiculous company in the first place. What's that? I can't hear you. I'm too busy laughing all the way to the bank with my BBRY short. |
Multiple AuthorsTraders from Equity Sense will be writing on this blog on positions and other market-related things. Archives
May 2018
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