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Post by clinton on Sept 19, 2014 6:42:33 GMT -5
ITMS predicted months ago this would mark the top of the market
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Post by clinton on Sept 19, 2014 6:43:45 GMT -5
there it is Attachments:
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BABA
Sept 19, 2014 7:10:20 GMT -5
huh likes this
Post by dino on Sept 19, 2014 7:10:20 GMT -5
Probably a dumb question but, what is BABA? A baby asking for his bottle?!?!?
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BABA
Sept 19, 2014 7:11:57 GMT -5
Herceg likes this
Post by huh on Sept 19, 2014 7:11:57 GMT -5
Probably a dumb question but, what is BABA? A baby asking for his bottle?!?!? No, MM's getting theirs. Alibaba's ticker (largest US IPO ever launching today). |
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BABA
Sept 19, 2014 7:15:27 GMT -5
Herceg likes this
Post by huh on Sept 19, 2014 7:15:27 GMT -5
Definitely potential for a double-top here. And that down move creating the head of a large H&S. (even if it does, I'd still expect the right shoulder to squeeze for new highs exactly like NDX, IWM, XLF and others did; allowing SPX to reach the top of a huge rising wedge in October - JMHO) |
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Post by Herceg on Sept 19, 2014 7:50:25 GMT -5
Probably a dumb question but, what is BABA? A baby asking for his bottle?!?!? FWIW, BABA in Croatian is Grandmother !!!! |
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BABA
Sept 19, 2014 8:04:22 GMT -5
huh likes this
Post by dino on Sept 19, 2014 8:04:22 GMT -5
Probably a dumb question but, what is BABA? A baby asking for his bottle?!?!? No, MM's getting theirs. Alibaba's ticker (largest US IPO ever launching today). 2 things... I told you it was probably a dumb question Goes to show how disconnected I am from the media and market events. LOLOLOL.... |
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BABA
Sept 19, 2014 8:45:18 GMT -5
Herceg likes this
Post by walnut on Sept 19, 2014 8:45:18 GMT -5
See, occasionally you have to turn on the news!
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Post by jacksrbtr on Sept 19, 2014 9:16:51 GMT -5
Probably a dumb question but, what is BABA? A baby asking for his bottle?!?!? The beginning of the nursery rhyme: "Baba black sheep have you any wool, Yes sir, yes sir 2 muther-fucken-inflated Market bags full." |
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Post by jacksrbtr on Sept 19, 2014 9:19:01 GMT -5
ITMS predicted months ago this would mark the top of the market ITMS general Market top calls SUCK the big one IMHO. They have been consistently WRONG with those sort of calls. Just my 2 centavos. |
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BABA
Sept 19, 2014 9:48:21 GMT -5
Herceg likes this
Post by huh on Sept 19, 2014 9:48:21 GMT -5
Even if we were to see a strong pullback/short term top here, I think it would likely go something like this (purple lines):  That first pullback is based on a small double-top here and would be the worst case pullback while still retaining the bullish momentum (holding the FIBs). Everything else is based on what NDX, IWM & XLF have done recently within the confines of channels, symmetry, FIBs and supports/resistances. JMHO |
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Post by huh on Sept 19, 2014 9:55:58 GMT -5
...and even if it did pullback like that, AMZN should still be one of the bright spots IMHO.
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Post by clinton on Sept 19, 2014 10:15:37 GMT -5
Probably a dumb question but, what is BABA? A baby asking for his bottle?!?!? FWIW, BABA in Croatian is Grandmother !!!! My grandmother was Slovak and was also Baba |
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Post by huh on Sept 19, 2014 10:19:12 GMT -5
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Post by jacksrbtr on Sept 19, 2014 10:37:32 GMT -5
Eturd says its supposed to open in the 90s
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BABA
Sept 19, 2014 10:39:36 GMT -5
Post by jacksrbtr on Sept 19, 2014 10:39:36 GMT -5
The GD banks can't get their act together if I was Jack I'd be livid. /s/ Jack |
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BABA
Sept 19, 2014 11:06:56 GMT -5
huh likes this
Post by clinton on Sept 19, 2014 11:06:56 GMT -5
well, it was bullish for 6 min
LOL
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Post by huh on Sept 19, 2014 11:23:29 GMT -5
Alibaba shares on sale! Almost 1/3rd off twice the IPO price!
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BABA
Sept 19, 2014 11:50:10 GMT -5
Post by huh on Sept 19, 2014 11:50:10 GMT -5
...I've never been a big fan of already very well-established companies doing an IPO. Especially those that offer only a small percentage of the company and don't need the cash in order to achieve more growth. In these cases, the IPO offering is typically only a way for insiders to convert their ownership to cash... Approximately 1/3rd of IPO shares can be sold right away be insiders. Approximately 1/3rd of shares were made available to the retail public. Gee, I wonder who'll take that early hit with those insider sells? |
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BABA
Sept 19, 2014 16:42:14 GMT -5
Post by jacksrbtr on Sept 19, 2014 16:42:14 GMT -5
Bought 100shrs BABA don't laugh.
Bwahahaaaa!
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