The Daily Breakdown: GES
This evening’s installment brings us a high-flyer who is begging to be relegated to thrift store status. While the bulls were able to push this just pennies above the 200 day average, do not give their late-day bravado any credit.
 
 ”C’mon, smack me around like the bitch I am. Strangle me with this rope; shove the bandanna in my mouth, and take me down 20 points.” Yes, even their spokesman is asking for a beating.
GES is at the edge of a precipice. As it has strong earnings and international exposure, it pays to be cautious. However, should this teeter much longer below its major moving averages, it will be game over. Even a strong earnings report and raised guidance could not push it above the 50 day average, so anywhere above that point makes a good place for a stop.
As you ponder this trade, consider that this is one of those stocks that has doubled many times over, and split, without a major correction. If it goes over the precipice, there will be years’ worth of holders who will be considering liquidation.
FD: I slapped their spokesman around today when it broke $46.00.
I’m pondering the fact that you are strangely attracted to this guy and yet want to play sexy “beat up” games with him.
It’s fairly gay.
Did you get back in AKAM, btw?
November 15th, 2007 at 8:07 pmWood,
Update your portfolio please. I like to see what you are trading during the day.
November 15th, 2007 at 8:13 pmNewequity- I need to update badly. Sorry. Even though I know you want to use me as your contrary bitch.
Jake, something about AKAM seems not right to me. I will not short it again.
I did buy Jan 52 puts for the Qs though.
November 15th, 2007 at 8:40 pmYou’re a homo.
November 15th, 2007 at 10:33 pmWhat Fly said.
November 15th, 2007 at 11:58 pmYa’ll are all in the closet.
I said nothing remotely near anything homoerotic.
Anyone notice GES down 4% this morning.
I thought so.
November 16th, 2007 at 10:11 amI shorted at the open.
November 16th, 2007 at 10:24 amWoody,
I like this call a lot. I’d like it even more if it had more downside volume on the weekly chart.
Once it gets more downside volume (especially on a break of that 50-day) I’ll slap it too.
-DT
November 16th, 2007 at 11:14 amShed,
November 16th, 2007 at 2:59 pmWhat do you think about a long AEO short GES play?
Cheese- while AEO may be forming a double-bottom, it is not complete yet. I’d rather short AEO than go long it, as its trend is definitely down.
November 16th, 2007 at 11:19 pm[...] So you missed the 8 point drop in GES after it was first profiled in this post, The Daily Breakdown: GES. [...]
December 3rd, 2007 at 9:09 pm