"Beautiful Pictures from the Gallery of Phinance", Robert R Prechter Jr. Copyright 2003 Robert R Prechter Jr. Pages 18 & 19 The drawings I've added to this chart are directly pulled from page 19 of the book mentioned. The original charts referenced are the DJIA from 8/24/1921 to 09/03/1929, and the second chart in the comparison is the DJIA from 12/06/1974 to...
This MLM stock can only do so much to keep shorts at bay, it's done everything legally possible to get rid of shorts, they even squeezed Ackmans` $1 Billion short position at the top. The stock is over extended and there isn't much more HLF can do to manipulate the stock higher, they've already done buybacks, now a Dutch auction, Icahn is loaded up on HLF owning...
P announces earnings on 2/21 after market close; HLF on 2/22 after market. Any vol contraction plays you choose to pull the trigger on should be put on shortly before the close before which earnings are announced, when the background implied volatility is likely to be at its highest. With background implied volatility over 100%, the obvious play in P is a...
#39 - HLF Jun 72/73 BCS : $9.17. Adding this to the existing BPS has made this a neutral approach.
If price is around 63ish by earnings I expect a drop on this due to past patterns. This company is supposed to restructure its business model around May I believe and also a new CEO is coming in. The current CEO Michael Johnson is a respectable man who has handled $HLF's problems very well. Him stepping down will open this company to volatility because the new CEO...
Class topping pattern. A break above 80 would take this stock to ~ 100.
HLF is moving out toward the end of this triangular consolidation pattern. Several previous consolidation patterns for HLF have not panned out and have morphed into more extended consolidation patterns. Thus it is possible that this could morph into a rectangle-shaped consolidation and extend further. I'm still long. Icahn has added to his position twice for the...
It is fun to sit back and watch two billionaires take different sides of a trade. You may have your favorite between the two billionaires or you may be a little more like me and ponder which side of the trade YOU would take if you were a billionaire. Someday we will find out which of them was right. But do they want to be right? I would say they just want to...
Looks to me like HLF is forming a right shoulder within an enormous potential H&S formation. Add the enormous bearish divergence within MACD and I'd say this is a very attractive short.
Here's are next weeks earnings plays that I'm thinking of playing via options, assuming the implied volatility rank "stars" line up correctly ... : HD: announces on Tues 2/23 before market open.The rank is 55, the implied 32, neither of which is that great. If IV doesn't pop, I'll pass. FSLR: announces on Tues 2/23 after market close. With a rank of 72 and an...
HLF pulled back from the 61.95 new YTD high (August 10, 2015) towards the 38.2% of the 49.00/61.95 rise at 56.93. Potentially a swing low could form near the 55.86 area (June 25 12, 2015 range high)/55.42 (50% of the 49.00/61.95 rise)/54.11 (near 61.8% of the 49.00/61.95 rise) ahead of the next upleg towards 61.95. Outlook: Short term: neutral Long term: bullish
After reporting a new quarterly decline in its earnings per share to $ 1.42 and to have lowered the salaries of its top executives, this friday have fallen share value by about 10%, the questioned pyramid scheme company still has room to fall in next days. reut.rs vía @reuters
The 50 support has held up before and today's close may indicate that it won't breakout short. I think the best the bulls can get now is a trading range while the bears may begin to cover at support (50). There has been very little buying pressure for the past month. Longs also resisted 68-70. Shorts (which have ruled for a month) are indecisive based on the doji...
Looking at the recent Herbalife Ltd. (NYSE:HLF) drama, there is no reason any investor should find themselves in the situation like Bill Ackman placed himself and his investors in. Have you ever let a position go from profitable to a losing trade, without a clear way of managing it? Well, Herbalife Ltd. (NYSE:HLF) is a prime example of why as an investor, you must...
After all the scandal about Herbalife and Ackman talking against this company, from a merely technical stand point of view I must say, can't see why should not look for new highs. As long as the historic of this chart let's me view, we came from a strong rally, that were severely retraced 76.4% in log scale. This means that this or is the A or 1 of a structure,...