One New Short Position And One Stock I Am Adding To My Existing Short Position

February 4, 2008

FULL ANALYSIS BEFORE 6AM EST.

PCH is throwing one bearish intraday reversal today on some large volume. When today’s action is combined with the past six month’s price action it becomes apparent that the choppy uptrend from the 2003 lows is getting horribly volatile and is rolling over. MSFT is just looking so nasty on a price and volume chart the past month that it is shocking that anyone would be going long. But some of the worst traders that seem to run the most money (for one, Doug Kass–saying it is strong to the tape; PLEASE!) want to be long this stock. So I want to be short. The only clear problem about going short MSFT here is that it is already down so much in such a short time frame. I would keep the short very small due to it only being up two of the last 14 days but the chart is nasty enough that going short here doesn’t seem that crazy.

new short position: PCH

PCH is putting in a very bearish intraday reversal, closing below the 50 and 200 day moving average, on very strong volume. Cut your final loss with a close above the 200 day moving average, if the stock does not move lower immediately.

pch__Large_.PNG

adding to existing short position: MSFT

MSFT is breaking down below the 200 day moving average, on strong volume. Cut your first loss with a close above the 200 day moving average (YOU COULDN’T FIGURE THIS OUT JASON?) and your final loss with a close above the 50 day moving average, if the stock does not move lower immediately.

msft1__Large_.PNG

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14 Comments »

Comment by Jason George Subscribed to comments via email
2008-02-05 07:56:24

The comment on cutting your MSFT losses is a bit misleading. You say, the same thing twice:

“Cut your first loss with a close above the 50 day moving average and your final loss with a close above the 50 day moving average, if the stock does not move lower immediately.”

Clarify?

 
Comment by MauiTrader
2008-02-05 12:12:15

misleading? how about a mistake.

sheesh. sorry for the error. just shoot me in the face next time.
I hate people like you. Do you think I did this maliciously? Obviously the first loss should have been the 200 DMA then the final loss the 50 DMA. Just like it almost ALWAYS is with my shorts. You couldn’t figure this out?

HEY!!! You are welcome for getting it right, instead of wrong like Doug Kass. YOU ARE WELCOME!

 
Comment by MauiTrader
2008-02-05 12:15:10

sorry for not being perfect.

btw, I am going to have other mistakes. GET USED TO IT!!!! Better learn to use common sense and figure out my patterns with my longs or shorts because if you don’t know where your final cut loss area is after reading my other shorts….you are in for a lot of pain via the hands of the stock market. My methodology is very simple and if you cant see on that chart what I meant to say…you are in for a lot of pain.

 
Comment by MauiTrader
2008-02-05 12:38:40

shit, i have only nailed every single significant turn in the stock market for the past nine years!

some of you newbies are simply unbelievable in your chutzpah!

 
Comment by MauiTrader
2008-02-05 12:40:02

do i go to your job and ask you to be perfect every day?

if i take a break from this blog for a week, we have people like Jason George, WillPS, and Gerard to thank. These guys lack of common sense is really annoying.

 
Comment by Jason George Subscribed to comments via email
2008-02-05 12:42:27

Hey, Big Wave ~

This is the first set of shorts/longs I’ve ever tried to follow on your site. I think I joined your ultra-sensitive community all of two days ago.

First off - did I somehow infer some kind of snide tone in my question?

2ndly - the charts you post on your site aren’t super-clear either, even when you enlarge them. Especially to a user that doesn’t use the same charting software.

It was a totally honest question… Not sure why you flew off the handle this way.

What was it - bad day surfing?

Too much sun?

Markets getting to you?

 
Comment by MauiTrader
2008-02-05 12:56:15

first off—yes you said misleading

second off–

i am not flying off the handle. i have recently been baraged my idiotic newbies that are too new for me.

bad day surfing. try bad month.

why don’t you just unsubcibe. i have an amazing track record. my charts are VERY CLEAR. On my shorts i just show you the long term. YOU MUST SEE THE UP CLOSE ON YOUR CHARTS.

Ultrasensitive commuinity…thanks to douche bags like you!

it is obvious you are new and are just trying to follow because if you had any clue whatsoever you would know how we work here.

totally honest question….yeah next time try not to imply i am doing something misleading.

markets getting to me? no fucking idiots like you are getting to me. People that shouldn;’t be trading are getting to me.

 
Comment by MauiTrader
2008-02-05 12:58:37

I HAVE NAILED EVERY TURN THE PAST NINE YEARS.

I HAVE SOME OF THE BIGGEST STOCK MARKET WINNERS UNDER MY BELT.

MARKET GETTING TO ME????

I HATE PEOPLE LIKE YOU. YOUR SUBSCRIPTION IS CANCELED.

 
Comment by MauiTrader
2008-02-05 12:59:11

THIS IS WHY THE MARKET IS TOPPING!!!

PEOPLE LIKE THIS GUY SHOW UP AT TOPS!!!!!

 
Comment by MauiTrader
2008-02-05 12:59:42

JASON GEORGE

WILLPS

GERARD

ALL PEOPLE BANNED THE PAST MONTH!!!!!!!!!!! BEFORE THIS MONTH: NONE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

OH YES, BOYS, WE HAVE TOPPED!!!!

 
Comment by MauiTrader
2008-02-05 13:04:33

three in one month after zero in 24 months!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Goodbye Jason George, it was NOT nice knowing you.

 
Comment by MauiTrader
2008-02-05 13:13:25

Another extremely ignorant newbie bites the dust.

btw, for all you other uninformed newbies, i am sick of you guys that are not serious and are lookign to just get rich. I am meeting a LOT of people like this. Clearly we have topped.

….but if you are looking to just get rich real quick, please get the heck out of here. I don’t have time to waste on the crap you newbies spew out.

You are ONLY HURTING the real investors/traders who want to become wealthy. Not rich for a day and broke for life which is the path a lot of new investors are headed down.

The newbies ALWAYS come out in force at the top and for all of those counting…it is amazing that after 24 months without anyone being banned, three people have been banned in ONE MONTH!

THIS IS A TOP!

 
Comment by John Ward
2008-02-05 14:40:17

…”ultra-sensitive community,” that makes me laugh. Jason, why are you bringing the rest of us into it? Here you are, assuming that the problem is on our end…To be honest, I don’t even know what you mean when you say that the charts Josh posts are not “super-clear”. Is it that you can’t read charts (ie., that you don’t know what you’re looking at) or are they are fuzzy? Again, I wouldn’t have said a bloody word, trust me, but you insulted me, my good man. My father always told me: “Never trust a guy with two first names.”

 
Comment by MauiTrader
2008-02-05 15:02:46

i am the ultra-sensitive one.

i deleted his subscription. anyone who is that fucking stupid to come in here with my track record of past winners and say that crap to me and imply i am misleading and not recognize why that would upset me does not deserve to be part of this community. There are almost 100 people in here and one moron like him is not worth the time from any of you guys.

I am getting a lot of emails from idiots like this and it is starting to bother me. I have not had to deal with this level of ignorance at any other point in my life so I am just learning how to deal with people who do not do any PRIOR RESEARCH before losing 1/2 their money and then ask me how to get it back for them.

 
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