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Way oversold on the Walmart news - I wouldn't short this - it's going back home
Your site is fun to read - I laughed at the cake with 25 on it- but I'm long on COT and for good reason.
Look at the charts guys
"Cott Announces New $250 Million Asset-Based Lending Credit Facility"
http://money.cnn.com/news/newsfeeds/articles/ma...
Think there will be a STRONG morning spick and it will stay there. Let me know if I am reading this wrong.
"January 6, 2006
Thank God our current Senate Democrats weren't at Lexington and Concord! They would have run the other way instead of waiting to see the "whites of their eyes" as the lobster coats approached.
If the patriots had held their powder at Lexington and Concord, this nation might still be under a monarchy. (Well, in a way we do still have King George in power, but that's another story.)"
Reasons matter to you if it's earnings though, right?
If reasons don't matter at all then shouldn't it just be a systematic strategy of shorting any micro cap stock that exponentially gained and then experiences its first down close?
I'm not a trader (maybe a trader-wannabe, as Tim so eloquently put), but I have to imagine in this business, as opposed to value investing, or investing on base knowledge, you have to find a line between doing the right amount of research, and taking a chance within the window available. I found REED on a chance and did about a half hour of research before I considered moving on it..
Anyway, enough about this, back to my total ignorance of how to trade- turns out TMA made the announcement tonight that I expected last thursday (they managed to gather up the required $1.35B). It's around $1.22 right now, and I expect it to shoot up to $2 (or considerably more) before "reason returns". What is the best way to play this? Do I put a pre-market order in for some shares and set a trailing stop (I can't watch it all day), or will my pre-market order come in much higher then the current price, and seriously reduce my profit, or even potentially cause a loss? WWTD?
Yes ....20 sessions $69,150.19 profits 74 Wins 7 losses 2 Break even go to http://www.ttthedgefund.blogspot.com
They want to sue something for $250 mn. The sued company claims that the documents are all fake. I dont really care what the other company is but trying to get $250 mn seems absurd to me. I think a company that has nothing to lose will only do so. So my opinion is that there is a possibility of them experiencing something similar to bear sterns.
But as Tim always says, this is gambling and could just not happen as well.