Headlines, accepting change, keeping your psyche and TA's folly

Charts Say Stock Swoon May Have Farther to Go - I don't believe that the universe/capitalism will reward the drawing of straight lines on historical price patterns for a stock. Thusly, I do NOT do nor do I believe you can sustainably profit from any type of "Technical Analysis". Art, maybe, but not profits. But one of the most insightful options traders and options data trackers you'll ever find, Jon Smart, made some great points: "Fundamental traders tend to run into the same problem, too many think a stock is under/over valued and it keeps going against what the majority believes should be happening... The sentiment on $NFLX and $TSLA in late 2012 was that they were way overvalued at $90 and $40 respectively." Alibaba IPO search on Google News - 90,000 headlines in the last week about this topic. I have been patiently waiting to short Yahoo once Alibaba finally comes public. Talk about hype! How LONG have we been hearing about the Alibaba IPO and how Yahoo owns a chunk of it. Any upside for Yahoo from an Alibaba IPO has long since been priced into the stock. I expect $YHOO will make a great short side trade into the Alibaba IPO and there soon after for the near-term. Still gotta wait til closer to Labor Day though. Sigh. How high can the drone revolution fly? - My latest Revolution Investing newsletter. "You see, the biggest problem that all these predictions and models for the Drone Revolution have is that they can't account for the brilliant, innovative and ever new uses that unmanned aircraft and smaller remotely- or automatically-controlled devices will be used for in the future." See also Monday's blog post: Profit from the coming drone revolution.