Use access key #2 to skip to page content.

Porte, chart please...

Recs

7

August 16, 2013 – Comments (16) | RELATED TICKERS: FABU , T , URE

Porte, Remember when a few months ago we were discussing how people were calling for a premature correction because they didn't know how to read your chart (see it here)?

Could you please give us the newest update so we can see how the "future" looks now?

Thanks a lot and good luck,

DLZ

16 Comments – Post Your Own

#1) On August 16, 2013 at 2:11 PM, portefeuille (99.67) wrote:

Voilà!



enlarge

 

In mid 2011 or so checklist34 said he would buy me a Ferrari should the index be close to my trend line in a few years. Later on he thought about tying the Ferrari to the performance of his at the time largest position RJET but I think we concluded that my little green line would be a better judge on whether my "advice" was "deserving" (I had nothing to do with his preference for RJET). I think I should check the parking lots outside my apartment every now and then for the presence of a Ferrari with a gift ribbon :)

Report this comment
#2) On August 16, 2013 at 3:56 PM, dragonLZ (99.36) wrote:

Thanks Porte, that was quick.

After learning about the Ferrari story, I now understand why checklist34 "dissapeared" from this site (meaning your Ferrari is lost too).

Btw., the way I read your chart, I don't think we are due for a severe correction (that many are expecting).

Thanks again and have a great weekend. 

Report this comment
#3) On August 17, 2013 at 12:24 AM, awallejr (79.54) wrote:

In mid 2011 or so checklist34 said he would buy me a Ferrari should the index be close to my trend line in a few years

LOL good luck Porte in collecting.

Report this comment
#4) On August 17, 2013 at 12:26 AM, awallejr (79.54) wrote:

And I did tell checklist34 to never buy stock in an airline.

Report this comment
#5) On August 17, 2013 at 12:27 AM, awallejr (79.54) wrote:

And Dragon, Checklist34 was a good poster back in 2009.  He made a ton recognizing how oversold the market was.

Report this comment
#6) On August 17, 2013 at 2:14 AM, portefeuille (99.67) wrote:

#4 He most likely did alright with his RJET shares.

-------------

I have put my money where my mouth is with the a large stake in real life at $6.50, I added slightly to that stake in the $8's recently. This rec on CAPs is from a higher PPS which is too bad, but I still think that in the fullness of time this pick will be a big winner.

-------------

(from here, also see this)

Report this comment
#7) On August 17, 2013 at 3:01 PM, awallejr (79.54) wrote:

I suspect he sold them awhile ago.  The real time to have bought was in October 2011.  But, alas, that is hindsight.

Report this comment
#8) On August 17, 2013 at 3:08 PM, ikkyu2 (99.23) wrote:

I would say that this set of trendlines stops working at around tick 319.  After that, the green trendline stops looking like a moving average and starts looking very much like an upside resistance level.

Report this comment
#9) On August 17, 2013 at 9:52 PM, portefeuille (99.67) wrote:

largest biopharma gains/losses of my old "mostly virtual" fund.



enlarge

 

The #zzporte (100% non-virtual) portfolio co-managed by zzlangerhans and by me is now at around $500k.



enlarge

 

Thus if neither following my trend line nor following my old fund has made you rich this is your third chance :)

Report this comment
#10) On August 18, 2013 at 10:41 AM, dragonLZ (99.36) wrote:

awallejr, I know all about checklist34. He was, and still is, one of my top 3 favorite CAPS players.

Report this comment
#11) On August 20, 2013 at 5:29 PM, portefeuille (99.67) wrote:

Thus if neither following my trend line nor following my old fund has made you rich this is your third chance :)

And the time to buy might be now :)



enlarge

Report this comment
#12) On August 21, 2013 at 12:27 PM, dragonLZ (99.36) wrote:

Porte, to buy what? I'm listening.

Report this comment
#13) On August 21, 2013 at 12:30 PM, dragonLZ (99.36) wrote:

I would say that this set of trendlines stops working at around tick 319.  After that, the green trendline stops looking like a moving average and starts looking very much like an upside resistance level.

ikkyu2, sounds like an interesting theory, but where do you see 319?

Report this comment
#14) On August 22, 2013 at 12:44 AM, portefeuille (99.67) wrote:

#12 That depends on how much time and money you want to invest. Most individual stocks should not be held for more than a few months probably, at least not without closely following the "news flow", so to get started it is always easiest to buy an ETF or two, maybe IBB, which is the most established/liquid, and BBH, which did better recently, see the chart in comment #11.

Report this comment
#15) On August 22, 2013 at 12:51 AM, portefeuille (99.67) wrote:

#13 He means trading day #319, where trading day #0 is March 9, 2009 and a year has around 252 trading days, so #319 is about where the summer 2010 mini crash started. I am confident that the S&P 500 index will spend some time above the upper limit of the trend channel in the not so distant future and that the spring/summer 2009/2010/2011/2012 drops below the trend channel will look just like small "dips" and great buying opportunities ...

Report this comment
#16) On August 22, 2013 at 1:58 AM, awallejr (79.54) wrote:

will look just like small "dips" and great buying opportunities ...

In the end all dips are buying opportunities.

Report this comment

Featured Broker Partners


Advertisement