Friday, June 12, 2009

Know when to fold 'em

Here is a 10-minute SPX chart that pretty much says it all for a Friday when Red Wing fever has taken over our world:


Mama said there'll be days like this,
There'll be days like this Mama said
(Mama said, mama said)
Mama said there'll be days like this,
There'll be days like this my Mama said
(Mama said, mama said)

A

12 comments:

Anonymous said...

Allan
LWLG is moving up
any technicals from u would be very much appreciated
serge

Anonymous said...

dang. foiled again.

Laawaaris said...

LWLG up 80% today

Anonymous said...

Hi Allan,

Do you like the move in LWLG today?
And thye have not even announced any collaboration with any company reagarding the Electro-optic prototypes they are working on.
If all goes well, their class of material has the potential to replace the silicon in today's chips, for future alloptic networks... A ways to go yet, but sure looks like a yellow brick road tome!
GL to all
AR.

Allan said...

Re: LWLG

Guys, what's not to like about +50% pop in one day?

Anonymous said...

Its only 50%?

ROB G said...

allan

sorry your team lost. they started playing good when time was starting to run out. i cant believe they even got a good shot off on the last faceoff with 6.5 seconds, for a second i thought they tied it. anyway keep your chin up.

rob g

Anonymous said...

RED WINGS GET KILLED!

Run you Eliott wave stiff on THAT why don't you?

At least you know how to pick stocks, if not hockey teams.

The Red Wings are finished, for years, probably.

GO PENGUINS!

Keep up the good work, but you'll be eating crow on this one for a while.

Giuesppe

Anonymous said...

I guess all the Red Wings had Red wing Fever after last night'ts blowout.

Had they been healthy maybe you would have lost by less.

Allan, you are a GREAT trader, but leave hockey to we who are former players and who understand the sport.


You know trading, WE know hockey- go with what you know. Cramer says it. Buffett says it. Do it, just do it.



Marc in Memphis.

Mike said...

Re: Red Wings Loss

Nothing that a little music won't cure:

http://www.youtube.com/watch?v=fT1Sa91N75E

Besides...

More important things.

Like, money to be made.

-Mike

Mike said...

sucks though...

http://www.youtube.com/watch?v=ha8_Q6u0GV0&NR=1

-Mike

Anonymous said...

Great title to this blog post. I'm folding them on NNVC at a 56% loss.

Great pick. Any others I can lose 1/2 of my money on?