EBAY dropped on news overnight

[ardhill]

Hi

I just noticed some big activity on EBAY.

This chart is 1/2 hour after the market closed. EBAY released financial news and stock split, then this happened. Could be an interesting momentum move in the morning - maybe.

Hope none of you were long in this overnight

 

[ardhill]

Update: 1 Hour later and it has dropped further. Now at $90, nearly a 13% drop!

Pity I won't be around for opening bell tomorrow.

 

[tradesmart]

Hope none of you were long in this overnight

Certainly no time to be long just before a tech major releases its results....!

Good or bad news tends to be sold off, but the minor earnings miss in this case could cause quite a retracement - particularly in the light of the phenomenal run the stock has had, shown on the daily chart......

 

[TheBramble]

You see the top of that big red candle? I went short right there, at the top, using experience and trading intuition which simply can't be read about or bought (well, it can...send me a PM).

See that same candle - at the bottom? Move along to the lowest of all the candles after that. The lowest low you can possibly see until it starts up again. That's were I exited - right at the bottom.

I made so much money, in such a short space of time - using special brokers who trade specially (they can short even without an uptick ), just for me - but it's easy when you know how.

 

[tradesmart]

Hey Brambs….!

That’s a very special post detailing a very special trade, and your reading of the candles is most illuminating……

Some people just never get ‘burnt’ do they…..?!?

Have you considered coaching or even lecturing at seminars…….?

 

[FetteredChinos]

Have you considered coaching or even lecturing at seminars…….?

Dog obedience with guest speaker Barbara Wodehouse?

 

[Salty Gibbon]

He has to get his FA knowledge badge before he can coach.

 

[dusty]

It shorted well the following day using a three bar breakout.There was profit in the bounce too...and yesterday.This is my first post.Hello everybody.

 

[Naz]

After GOOG's Fri drop,i'm very interested in seeing its action today

 

[rdstagg]

Whet the appetite?

Bramble
You can short without an uptick? 2/3 of my problems shorting are getting the right fill.
Come on do tell - I have never heard of that other than using a cfd.

You see the top of that big red candle? I went short right there, at the top, using experience and trading intuition which simply can't be read about or bought (well, it can...send me a PM).

See that same candle - at the bottom? Move along to the lowest of all the candles after that. The lowest low you can possibly see until it starts up again. That's were I exited - right at the bottom.

I made so much money, in such a short space of time - using special brokers who trade specially (they can short even without an uptick ), just for me - but it's easy when you know how.

 

[Salty Gibbon]

Got a feeling that Bramble was doing a spot of imitating there laced with a tinge of sarcasm.

Of course I might be wrong.

 

[rdstagg]

As Homer would say -
" Doh! It just gets worse and worse"


QUOTE=Salty Gibbon]Got a feeling that Bramble was doing a spot of imitating there laced with a tinge of sarcasm.

Of course I might be wrong.[/QUOTE]

 

[Salty Gibbon]

And your point is rdstagg.. ??

 

[rdstagg]

Pandoras Box

Ah this is the kind of stuff I hate about message boards.
I have now opened Pandoras box - private messages and everything.
I asked a question - stupidly as it turns out - and stepped into a minefield of opinions and differences between 2 board members.
Salty - the Doh! is me banging my head against the wall for asking such a dumb question.

Trading is a hard business - lets not make it any harder!.
Here's a trade I did yesterday - against the trend. Wrong I know but SO satisfying!!!!!
Here's a question for you psychological types - why is it so satisfying??

 

[halldorpb]

Ah this is the kind of stuff I hate about message boards.
I have now opened Pandoras box - private messages and everything.
I asked a question - stupidly as it turns out - and stepped into a minefield of opinions and differences between 2 board members.
Salty - the Doh! is me banging my head against the wall for asking such a dumb question.

Trading is a hard business - lets not make it any harder!.
Here's a trade I did yesterday - against the trend. Wrong I know but SO satisfying!!!!!
Here's a question for you psychological types - why is it so satisfying??
[/QUOTE]

I am not sure exactly what you mean by wrong; wrong because you went against the trend but still won or wrong simply because you lost? But here are my humble guesses:

If the trade was a winner, probably because you take the fact that the market went your way as a compliment.

If the trade was a loser, probably because trends should not necessarily be followed in your opinion.

I quote Seykota: Everybody gets what they want from the markets.

 

[rdstagg]

Wrong = Trading with the major trend is the high probability way of staying in the game.

It was more of a rhetorical question really....