The artist formerly known as Google just reported an earnings beat, and Amazon is making profit–effectively disintegration short sellers into piles of soot.
The tech rally was saved today when Facebook negated the failed auction. This permitted best-in-breed tech to be pressed with reckless abandon.
This is the great NASDAQ rally the tea leaves inside Exodus foretold. Another devastating win for the software.
Look for more NASDAQS tomorrow. Tech is officially on FIRE.
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Wow google…
IKR
Now, when to sell/take profit ? This is the most difficult question. Do you have near term target for FB ? Thanks.
100 roll, at least 105 but maybe just get comfortable with it. Best in breed.
RAUL! Killing it! Keep it up!
*hat tip
thanks homie
Raul they got a bar in NY called Point Break. Kinda themed around the movie.
no way
Raul, this is nice, but you’ve been posting all week that NQ was going down? What gives?
Bob, I am sorry. I must not have communicated effectively enough. Check a few blogs back, if you want. My model was calling for the short. I was working shorts intra day for a few days early this week. But my final conclusion Sunday was to see a sideways drift with slight upward bias.
This strength is certainly more than I expected.
Also, at some point in the week, it became very clear that we could glean lots of insight into the rally from the way FB traded. And FB was hanging tough.
I am in BIS, which is a short. So I am not entirely correct in my posturing this week.
h/t
So if I didn’t use the software and my stocks beat iBC what does that mean?
not sure….you must be pretty good
iBankcoin web page is less readable than the old format. suggest backout the “upgrade”.
the old format was really bad on mobile phones and tablets. This one isn’t. Gotta move into the future old sport.