October 26, 2009
– Comments (19)
the trendline I proposed in this post.
yes, i have been following that. How long out does it go?
I am a dummy. How is that trendline still valid when looking at early July?
uh because in the middle of october it is still pretty much on you know, like plus or minus 50 points. that's why.
As always port, I am very impressed. How much do you base your caps picks on this type of analysis?
the entire market is going to zero because earth is ending.
i am ... amazed at the ongoing level of end of days bearishness present in the blogosphere
LOL it was just a honest question if one company might go to zero.Don't read too much into it. Companies go to zero all the time in good markets and bad. :)
tasty, it wasn't aimed at you as much as some others on the forum. No worries.
The market in the last 1-2 months has seen a resurgence of bearishness, rather than a fading of it. I almost half wonder if thats bullish? I don't konw.
hah ok, well
I would say it normally is which is why I'm not shorting this much. As long as some people are worried about the market stocks can keep going up.
the proverbial "wall of worry"
Kinda like a "watched pot never boils" a watched market never seems to crash.
Morgan Stanley thinks we have about 6-9 months of rally left (then a large 25-30% correction then a wide sideways trading range action for about the following 6-7 years). That wouldn't surprise me at all given the macro situation.
So I'm expecting a minor correction here and then continued modest bullishness afterwards until we get our real correction. All of which fits in Porte's chart. (although the end of Poret's chart isn't pleasant if you haven't seen it)
I guess we'll see how it plays out.
How long out does it go?
You can of course draw the line as "long out" as you want to. I am surprised it is still relevant ...
How much do you base your caps picks on this type of analysis?
That of course depends on the definition of "this type of analysis". I look at charts sometimes, but the "picks" are usually not based on any kind of "chart analysis".
have you done this trendline for other rallies besides 1987 and now?
There are some examples in the post I mentioned above.
although the end of Poret's chart isn't pleasant if you haven't seen it
I have just added the 1987 crash in a few charts because russiangambit asked about it in comment #4 of that post and because it looks nice. I have never predicted a crash.
a few more "down days" and I might recapture the #1 spot as to "outperform score points" ...
Quantum Corporation Reports Fiscal Second Quarter Results
#371) On March 27, 2009 at 12:14 PM, portefeuille (99.97) wrote: QTM - 0.76 - outperform
QTM is currently at ca. $1.93.
I like quite a few of the stocks you choose. I often look to see what you're buying and find that some are similar to what I'm thinking about.
Bought some yesterday around $9.50 in preparation for FDA ruling tomorrow.
Large short interest = any good news will create monster upmove.
Just a small position gamble on my part.
Any knowledge on this drug development company?
My player portefeuille12 made an "outperform" call on GTXI on 10/22/09.
Feuerstein has an article on that FDA decision here. I know very little about GTXI and have little "conviction".
GTx to Host Conference Call and Webcast to Provide Update on Status of Toremifene 80 mg New Drug Application