Monday, May 14, 2012
One More Push Lower
We are going to have to go lower to find a bottom. The unwillingness of this market to have even one strong rally day last week tells me we need to go lower. Not a lot lower, perhaps down to 1320. Either at the end of today or intraday Tuesday, we should find the floor and bounce strongly off that level. I don't see a V bottom however. We'll probably need to put in some work between 1320 and 1360 for a few days before moving higher.
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9 comments:
Facebook rally by end of the week.
ZNGA : the illusion becomes reality.
Natty looks like it's gonna make a u-turn back to Hell. Hopefully there will be a chance to get back in the low 2s once it reaches back to the depths of Hell.
Means coal will go lower.
PCX September 5 calls will be at 50 cents hopefully
Let's pray to the Zynga gods..
Oooga booga 10 dollar malawaka. Oooga booga 10 dollar malawaka..
Actually I think 5 dollar PCX puts are a screaming buy right here.
This thing is about to fall off a cliff.
ZNGA will likely top out before the FB IPO. It is starting the run up too early. These pump and dump on news situations last at most 3 days, so you gotta dump it by Wednesday. I am looking to short or buy puts on ZNGA if it continues to rally into Wednesday.
Dawg if ZNGA strikes a deal with WYNN for online poker with money, this thing will fly to 15. Also they have some sequel to Farmville their top game called Bumper Harvest or some shit that looks pretty fat in terms of graphics. I'm thinking 10 bucks on this move.
For now it ain't nuthin but a Zynga party. Picture perfect, paint a perfect picture. With Dre and S N double O P. You's a cold ass nigga on the street. Ain't but a Zynga party...
Why don't you short GRPN here. World's most hated social networker.
The company that would have great earnings if it weren't for expenses.
No borrows for GRPN anywhere. It is heavily shorted, much more than ZNGA. ZNGA was hyped earlier today on CNBC today, BEWARE. The party ain't gonna last much longer.
We need the hype. Hopium gets people high for one week.
GRPN just ripped shorts a new one.
This should be good for ZNGA.
FB is the next YHOO. Actually, I think YHOO's market cap will be bigger than FB's in 5 years. Comparing stupid homepages, pics, and comments with the Super Bowl. LOL. GOOG will crush FB. Book it!
FB will fail because there's no porn involved. Alot of google and yahoo revs are porn relatd.
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