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#11
11-15-2007, 04:35 PM
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Re: Analyzing Google\'s Chart
[ QUOTE ]
Just curious, are people not receptive to OP because they aren't into/believe in technical analysis, or because people don't believe OP is good at it? [/ QUOTE ] My post was a joke because he made his prediction and then said, "of course I could be wrong." It causes OP to lose credibility instantly. For some reason I felt like that last statement made his whole post useless. 
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#12
11-15-2007, 05:00 PM
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Re: Analyzing Google\'s Chart
The stock market is similar to baseball in that nobody bats 1000.
Why would admitting that one's analysis might be wrong cause one to lose credibility? In fact, isn't one of the most lauded traits of a trader the ability to quickly recognize mistakes? One problem I have with forum and blogs is that everyone is so desperate to show how much they know and how smart they are. I don't have a problem admitting that I don't know it all.
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#13
11-15-2007, 05:51 PM
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Re: Analyzing Google\'s Chart
You'll never hear me say that I "know it all." In fact, you probably know more than I do. I'm just saying, you gave us all of your predictions, but then said, "of course I could be wrong." That's like giving a presentation on something and then saying, "I really don't know what I'm talking about."
It's fine to give us your predictions/forecasts, but instead of admitting you could be wrong, ask for opinions and have a healthy discussion.
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#14
11-15-2007, 06:03 PM
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Re: Analyzing Google\'s Chart
[ QUOTE ]
[ QUOTE ] Just curious, are people not receptive to OP because they aren't into/believe in technical analysis, or because people don't believe OP is good at it? [/ QUOTE ] My post was a joke because he made his prediction and then said, "of course I could be wrong." It causes OP to lose credibility instantly. For some reason I felt like that last statement made his whole post useless. [/ QUOTE ] to be fair, i say that a lot too... its because even ifi you're 90% sure about something, you still "could be wrong" 10% of the time... Barron
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#15
11-15-2007, 06:06 PM
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Re: Analyzing Google\'s Chart
[ QUOTE ]
[ QUOTE ] I think Google is going to go to $1000 by 2009. I suggest everyone load up on GOOG now that it has dropped. Of course, I could be wrong. [/ QUOTE ] I'd rather stay sidelines for now. Use your money elsewhere. Goog is a great long at some stage, just not right now. [/ QUOTE ] Not me, I purchased 640 Dec calls (GOOLH) today for $26.40 each. These should become very valuable long before expiration. Just to be safe I did buy half as many Dec 630 puts as my 640 calls but still expect my money to be made on the upside. Jimbo
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#16
11-15-2007, 10:52 PM
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Re: Analyzing Google\'s Chart
[ QUOTE ]
[ QUOTE ] Just curious, are people not receptive to OP because they aren't into/believe in technical analysis, or because people don't believe OP is good at it? [/ QUOTE ] My post was a joke because he made his prediction and then said, "of course I could be wrong." It causes OP to lose credibility instantly. For some reason I felt like that last statement made his whole post useless. [/ QUOTE ] righto. I was genuinely curious fwiw, don't know how much people on the forum are into technical analysis
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#17
11-16-2007, 03:50 PM
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Re: Analyzing Google\'s Chart
ive been long goog almost all year.
besides the overall market fall thats been affecting it recently, also bring up a RSI and MACD on your chart...you'll see its been overbought for the past few weeks. imo this is just a correction, the fundamentals are still strong and im staying long.
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