Right now the markets are in tricky spot. We can both ways obviously but I think we are due for a bounce. The elastic band has been stretched far to the downside here and as I said last night I wouldn't be surprised if we bounce. Today we bounce off a 800 point deficit on the DOW and caught some SPY options which worked out to profit about 20% in less than an hour. My position here is caution as that could have been the bounce :) I hope not! because if that was it we in a world of hurt this week.
I do think we will bounce those and some of the stocks I am looking at will have great opportunities on the long side if we really bounce. These longs should be traded as we are no means at an ultimate bottom but nothing goes in a straight line and we have to respect that.
One stock I like here short is NTRS. It is very volatile and will get a bounce if the market bounces so be careful and have it on your radar. I liked how it bounced today and that proves we can see brutal turn arounds if we start to go long in the markets.
Monday, October 6, 2008
Going long
Yes Time to go long. I think tomorrow might be good for a poke of some longs if we gap down. I will send out trade alerts
Sorry Folks
Sorry folks but I told you so. Market wont get a darn help from bailout bill and I said months ago we could goto DOW 9000 level and I got laughed at and people said I am just too bearish. Oh well sorry to tell you but we are there. Here comes 8000's :)
The joke to me here is that stop short selling and we still heading down. We would have been in the 8000's if we were allowed to short the financials.
ANOTHER PREDICTION BECOMES REALITY
The joke to me here is that stop short selling and we still heading down. We would have been in the 8000's if we were allowed to short the financials.
ANOTHER PREDICTION BECOMES REALITY
DOW
DOW is down 525 point at lunch time with no significant bounce. We must firm up or we might have a worst day than last week monday when we were down 777 points
Weeeeeeeeeeeeeeeeeee
Everything getting sold here- especially TECH. Don't be too anxious here could get worst today before it gets better.
GOOG killed
AAPL killed.
GS killed.
GOOG killed
AAPL killed.
GS killed.
10000 broken
Told you - we now below 10000 on the DOW no bill will save us. YOU WERE ALL SOLD A FAKE BILL :)
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