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maximumvalues

maximumvalues
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  • Update: Tesla Earnings - The Positives Outweigh The Negatives [View article]
    IT is so simple. The weekly chart is now bearish. Lower high and lower low and refusal at previous support is now resistance. Who cares why. Get short.
    Nov 9, 2014. 12:32 PM | Likes Like |Link to Comment
  • Who Is Telling The Truth? Elon Musk Or Wards Auto? [View article]
    WEEKLY CHART STILL BEARISH

    2012 .. $22
    2013 .. $120
    Now .. $240

    No risk holding the stock at these levels?

    WEEKLY chart has set up breaching the pivot high FEB 2014 .. those weekly closes were at the $245 mark. So, since then the shares have went nowhere. This is a sign that the uptrend is done. Uptrends are higher lows and higher highs... very simple. This is why the stock sold off hard on earnings release above $245. Big volume, smart money, exiting the stock onto the hype of the bull parade who loves to ignore the risks and focus on the dream.

    Buyer beware at this level! If you believe in Head and Shoulders patterns the targeted decline is from the neck line $50 ... target is $178 based on this pattern. Short term I'm looking for the $200 mark.

    Good luck trading!
    Nov 7, 2014. 04:21 PM | Likes Like |Link to Comment
  • Inefficiencies In Transition To New Assembly Line Force Tesla To Revise Outlook [View article]
    SO MANY TSLA bulls and so little time left.

    2012 .. $22
    2013 .. $120
    2014 .. $282
    NOW .. $240

    Are we suppose to buy low and sell high to make money in the market? Yet the parade of bulls on CNBS is overwhelming. This world is a very competitive place yet people are making 10 year calls on TSLA stock? Nobody else is allowed to move into the space? The Government subsidies TSLA gets are guaranteed? Oil prices moving lower won't pressure the demand for Electric? How many car companies give free fuel with a vehicle purchase?

    The risks of owning TSLA at $22 were much lower than owning it at $282 or $240. Look at the Weekly chart of TSLA ... breached the last pivot high thus creating a head and shoulders pattern. No guarantees this falls to a fair value. However, if you are long the stock... fair warning. Long at $240 is a far cry from the risk of holding at $22. Nov 2013 the stock was $120 .. we are double that now while the company lowers the growth expectancies.

    RISKS abound owning this stock up here.

    Good luck trading!
    Nov 7, 2014. 04:12 PM | 12 Likes Like |Link to Comment
  • Update: Tesla Earnings - The Positives Outweigh The Negatives [View article]
    I'm sorry, I've nailed all but one trade shorting TSLA bounces since $282 ... this one included. This stock trades nicely on a technical 5min chart if you set up your chart like I do.

    Good luck trading!
    Nov 6, 2014. 03:56 PM | 1 Like Like |Link to Comment
  • Update: Tesla Earnings - The Positives Outweigh The Negatives [View article]
    Another technical note, short term trading.

    The 5min candle at 10:10am is the only candle on any kind of volume here. $243.40 to $246.30 ... prices have traded on lower volume per 5min since in this candles range. This is removing the overbought condition on the 5min chart. Be nimble here .... This could move either way. However, I fell more comfortable short as $247 is just above this level and is proven resistance.
    Nov 6, 2014. 10:52 AM | 1 Like Like |Link to Comment
  • Update: Tesla Earnings - The Positives Outweigh The Negatives [View article]
    USING THE 5MIN for a sell signal. Sold $245.65 ... if you look at the 15min chart ... $246.70 was previous railroad resistance and the stock did not even get above that here today. The weekly is a bear flag.

    If TSLA closes below $245 today I'll feel good about this short. $243.50 is short term support so I expect this to hover for a bit. However, should it break this $243.50 level today, it will fall quickly imo.

    All my charts say sell here... however, that does not mean that TSLA hits my target of $209 anytime soon. To me, it just shows that $247 resists heavily.

    Good luck trading!
    Nov 6, 2014. 10:47 AM | 3 Likes Like |Link to Comment
  • Tesla Motors: Vroom-Vroom Or Putt-Putt? [View article]
    NO 5 MIN close above $246 so far. Looks overspent on the upside. Weekly chart bear flag it appears. I took short $245.65 ... .see what happens next.

    My target is $209 which I have had since the stock stalled at $282.

    Good luck trading.
    Nov 6, 2014. 10:34 AM | 3 Likes Like |Link to Comment
  • Why We're Avoiding Cheesecake Factory Shares [View article]
    another light volume melt up... see where she is at end of year.
    Nov 5, 2014. 07:09 PM | Likes Like |Link to Comment
  • Amazon: Yes, Things Can Get Much Worse [View article]
    HERE IS HOW I CHART A GAP UP. I'm adding to my SHORT

    open your fifteen minute chart. take the opening candle and find the middle. draw a line across your page. this is called a pivot point. if price spends most time below this pivot expect lower prices in near future. if price spends most time above this pivot expect higher price move soon.

    AMZN this morning. I find a pivot at $303.75
    2x 15min candles closed above this level
    7x 15min candles closed below this level
    $302.60 is the gap up opening candle closing price. Below this is a failed gap up and run.

    This price action today tells me more sellers than buyers at this level. Continued hits of the $302.60 level are likely to see failure. Slow stochastic also failed to find its previous high on this time frame which is a sign of weakness.

    Adding to my position here.

    Good luck trading.
    Oct 31, 2014. 12:06 PM | Likes Like |Link to Comment
  • Amazon: Yes, Things Can Get Much Worse [View article]
    WELL .... GET SHORT ... this is the next pop. They can't get it over $300 intraday so those in charge start it above $300 today and see if they can arrest the selling and get buyers excited.

    MY 15min chart says this move is a fail so far. A close below $302.50 on the 15min time frame confirms it. Zero follow through thus far on the gap up.

    Good luck trading. I'm hanging short but watching close.
    Oct 31, 2014. 11:50 AM | Likes Like |Link to Comment
  • Could Amazon.com Have As Many As 1 Million Fire Phones Sitting In Storage? [View article]
    THIS TAKES THE CAKE ... this guy is from T ROWE that owns 1% of AMZN shares in the growth fund. Go get 'em they said as they sent him into cnbc I'm sure.

    http://cnb.cx/1p8Q33n

    "But I think taking a step back from one quarter here or there, the big picture here is that we're still extraordinarily early in the move from offline to online e-commerce and the move from on-premises to cloud computing."

    One quarter here or there >>> LMAO ... more like years of poor management starting show as the company grows its debt, not profits. Does anyone ever call these guys out and ask them tough questions... hell no! Yep, we are early in the game that is 20years old. More like the 9th inning as the internet has become saturated with anyone and everyone willing to sell you something. My internet company started in 1994 and we ended it a few years ago as margins continued to get pressured. Margins were incredible from 2002 to around 2006 ... then everyone went online and every category got thinned out. Sorry T ROWE that you are long AMZN in your fund. We are late in the on-line game... 9th inning.

    AMZN up after hours.

    Good luck trading!
    Oct 30, 2014. 09:42 PM | 2 Likes Like |Link to Comment
  • Could Amazon.com Have As Many As 1 Million Fire Phones Sitting In Storage? [View article]
    The market is on crack lol. So it seems. Sometimes it feels like no one cares about any risk of owning any company shares.

    Where does the money flow come from to a stock like MTN which I own the April Puts and just added more. Unlike AMZN , MTN never sends a press release. AMZN seems to have 10 people writing releases. MTN would be nice enough to send a press release to shareholders that resort openings will be delayed for winter season? Of course not.

    MTN had the following on SNOW.com until a few days ago:
    KEYSTONE 10/31 opening day
    now reads
    KEYSTONE TBD

    All the other dates for the rest of the openings are still on the site. All the hills have above zero temperatures forecast for 14days so making snow is not a viable option to make up for the drought like conditions. I know this for a fact as I live directly north of the locations at the foot of the rockies and we have had 50% of the average precipitation for October. Sunny and dry!

    MTN trades at a trailing 100X eps and counts on 3 months of the year to really rake it in. All the properties are on the edge of the drought stricken western region of North America. Sure they sell season passes but a lot of income is being missed with each day delay of ski season. Every day people line up to pay above 100X trailing valuation for a company with this and many more risks to its operations?

    As strange as AMZN is, MTN stock price just keeps climbing higher like the risk of anything going wrong is a pie in the sky dream.

    Breckenridge and Vail are next on the list with opening dates falling in the next two weeks. You have to wonder if they will book people for opening day knowing that the forecast is for warm weather. Of course the weather can suddenly change in their favour. However, life is about probability and I'd like to think some people buying the stock today would at least consider weather when investing in a ski hill. NOPE!

    So, it is not only AMZN that can baffle the mind of anyone short a stock. Seems all stocks are fair game to bid to the moon so long as bankruptcy has not been a recent press release!

    Good luck trading.
    Oct 30, 2014. 06:40 PM | 2 Likes Like |Link to Comment
  • Could Amazon.com Have As Many As 1 Million Fire Phones Sitting In Storage? [View article]
    HERE IS THE BIGGER QUESTION that sends my noodle in a knot.

    If institutions are net sellers of the stock ... who is buying and supporting the stock price? Who would wan't to throw money and support this stock when there are many other companies less dangerous to support price?

    I'm still short... still no close above $300 but I'm finding it harder to hold on.

    Good luck trading!
    Oct 30, 2014. 05:13 PM | 2 Likes Like |Link to Comment
  • Tesla Motors: Short Interest May Start Falling [View article]
    TECHNICALLY on the weekly chart the uptrend is over. I doubt shorts will be covering as OIL plummets and the demand for electric vehicles wane.

    Good luck trading!
    Oct 30, 2014. 11:51 AM | 1 Like Like |Link to Comment
  • Update: Digging Deeper Than Just Amazon's Q3 Earnings [View article]
    "AMZN has gotten aggressive over the past couple years with its investment program. The big part of that is a boost in fulfillment and distribution centers, which are making delivery easier and more efficient "

    If this way of delivering is more efficient and has been set up already and invested in... then why the big miss? Shouldn't they have surprised on the upside due to all the new "efficiencies"

    Im close to closing out my current trade. Not because of any fundamental reason. I trade the technicals and a stock going sideways is crappy for one who trades options.

    Good luck trading!
    Oct 30, 2014. 11:34 AM | 2 Likes Like |Link to Comment
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