Joshua Hayes

Why I'm Shorting DeVry

TraderMark you do a great job and I am sorry that those of us with track records like ours have to deal with this on here. This is the one thing we need to fix on Seeking Alpha. Too many "fundamentalist" LOVE TO COME IN AND ATTACK "technicians" without realizing MOST TECHNICIANS USE FUNDAMENTALS. We just grew a brain and studied history (try subscribing to Investors Business Daily--what a concept huh?) and realized that TA DOES WORK.

Old people...grow up!!!! and learn what works. Cutting your losses and combining technicals/fundamentals ALWAYS WORKS!

Why I'm Shorting DeVry

He shorted it too late...I am sure he didn't forget to cut his loss. Fundamentals ONLY guys are seriously NUTS and a BIG PROBLEM for individual investors. I recommend that everyone reading this STAY FAR AWAY FROM ANYONE with the name Buffet in their nickname. Unless it is Buffet....be careful.


On Jun 02 08:35 AM BuffettMaster wrote:

> Looks like technical analysis has failed today. Any thoughts on changing/abandoning
> your short?

Why I'm Shorting DeVry

Yeah Technical Analysis failed...wow OMG can you believe that TA isn't perfect!!!! I KNOW I am SHOCKED TOO!!!!!! Uh...it worked in Feb and still works. I am leaving with a profit. How many 1000% returns do you have under your belt the past 10 years? I have over 20. Do you think TA or FA found them...uhm..BOTH DID!!! Unbelievable, those that "only" focus on TA and then ONE time someone gets a call wrong and come in and bash tradermark. LOL. Pathetic squirlemaster.

SELLING FINAL DV SHORT FOR A 11% gain 22% on margin....Yeah that REALLLLLLLY FAILED. What are those big gains below....Failure??? Another angry Buffet fundamental douche-bag. Try COMBINING fundamentals with technicals. Then maybe you can be long and have gains like this IN UNDER TWO MONTHS:

top longs w/ TOTAL returns since purchase making money TODAY: CKEC 87% GRRF 88% FREE 52% KONG 84% ATSG 76% FIRE 48% SIGA 55% ASCA 51% PALM 37% CAST 33% WAVX 31% ADAT 27% ISTA 25% ARST 29% ...that is just SOME of our big winners at BigWaveTrading.com...just SOME...please review my past big winners, look at the charts, and TELL ME THAT TA DOES NOT WORK!!!!! I DARE YOU!!!!

Where are your gains like this????? Buffetmaster????

Where are your 50% to 90% gains in 2008 like me on POT, MOS, AAPL, RIMM, GOOG????? Have you EVER studied my past big winners on my website? Of course not. People like you find ONE stupid TIME your point works and people like me have to come up and destroy it for you. TraderMark shouldn't have to read stupid comments like yours. Pathetic.

The problem with this analysis on this post was that the writer is shorting DV TOO LATE...DV was a sHORT IN FEBRUARY NOT NOW.

Why I'm Shorting DeVry

DV was a short in Feb when it broke down below the 50 and 200 DMA on very strong volume. You are chasing now or it must be a small short as moves here are only "additional" moves. The stock is still a short and since the short signal it is up. Why do I say this? Because I went short this stock back in February at BigWaveTrading. We still have a 15% gain (30% on margin) in the stock and it is ONE of ONLY FOUR remaining shorts in my portfolio.

Where do I cover? With a HUGE move down on HUGE volume or I cut my gains/loss with a close over the 50 DMA on HUGE volume or a close over the 200 DMA at ALL. If any of the three events happen, I will be out of all DV short

Disclosure: short DV and three other stocks; long a WHOPPING 57 stocks (most since early 2007).

top longs w/ TOTAL returns since purchase making money TODAY: KONG 84% ATSG 76% FIRE 48% SIGA 48% ASCA 41% PALM 34% CAST 33% WAVX 31% ADAT 27% ISTA 25% ARST 29%