Ok tomorrow Obama will sign the stupidity bill that the next two generations will still be paying for. What I think will happen is the usual move higher into it then we sell off. Folks I said it on saturday, the friday action was a sign of what was going to happen today period.
Man we looking extra weak and let me tell you something we are 1000% going below 5600 this year. Yes I said it 5600! I might be major crazy to say that but I dont see us not escaping those levels in the next 15 months, so folks I have been the bearer of bad new but guess what, those calls have been 100% dead on. Maybe this time I am wrong and we goto new highs 15000 on the DOW and all is wel, GM will be the number one car maker, GE will be $10, BAC will be $50 and I will be flying my plane to mars to have dinner with a unicorn and elves :):):)
I mean yep all of the above will happen for sure in the next 12 months :):):).
Now back to reality we going lower and if you trying to fool yourselves go ahead and listen to the morons on tv who have been telling you to but Wachovia, FNM, Sirius, GM and I can go on.
It aint happening. If you want to give away money, give it to some poor kids, build some schools, health clinics something positive.
MARKETJEDI
Tuesday, February 17, 2009
My shorts of the year.
FAZ (or SKF, if you like) and RIMM were my shorts of the year for 2009. RIMM looks like it can go much lower from here but I called it last year @ 123 short and hold for 2009 short, I am just updating on it.
FAZ I believe can still get a double so if you still in stay in, if you not in dont play it here . You must NEVER chase plays but if you do, that's your call not mine.
Anyways I now hear more coming out saying we going to go lower and this is a sign we might bounce soon because the smart money is already short and making the mula, so keep your stops on and you will be ok.
If and when we get alittle bounce I have a rocker of a trade but lets see when we bounce how far they carry us. We ended 3 points above the target I had for today on the lower side and that means we will test it in the next two days. Everything looks weak and I do mean everything any buying is so obvious is fast money shorts or weak shorts, it is not real buying.
Lets see if we can open higher tomorrow and maybe challenge 805-811 early, that level I would say is a great short. If you gap down I might look for a gap fill and then an attack of that 805 area. We will see soon enough
FAZ I believe can still get a double so if you still in stay in, if you not in dont play it here . You must NEVER chase plays but if you do, that's your call not mine.
Anyways I now hear more coming out saying we going to go lower and this is a sign we might bounce soon because the smart money is already short and making the mula, so keep your stops on and you will be ok.
If and when we get alittle bounce I have a rocker of a trade but lets see when we bounce how far they carry us. We ended 3 points above the target I had for today on the lower side and that means we will test it in the next two days. Everything looks weak and I do mean everything any buying is so obvious is fast money shorts or weak shorts, it is not real buying.
Lets see if we can open higher tomorrow and maybe challenge 805-811 early, that level I would say is a great short. If you gap down I might look for a gap fill and then an attack of that 805 area. We will see soon enough
This whole thing is a JOKE!
Told you Gm now needs $30 Billion. You have got to be kidding. I said it months ago dont have the automakers it is throwing away money but folks you have to face the facts. It is better for them to fail than giving then $100 Billion which they will burn anyways and then we have nothing. It is better we make them fail just like the banks and use that money for stuff that will WORK.
Financials, automakers are just like coal and telephone companies of the 80s, DEAD, dying industries that must revamp. We can't continue like this and expect them to be any better.
Folks you can't spend and solve problems. Problems are solve my systematically address the issues and dealing with risk and future development.
This is all going to end VERY VERY bad for everyone. EVERYONE.
Financials, automakers are just like coal and telephone companies of the 80s, DEAD, dying industries that must revamp. We can't continue like this and expect them to be any better.
Folks you can't spend and solve problems. Problems are solve my systematically address the issues and dealing with risk and future development.
This is all going to end VERY VERY bad for everyone. EVERYONE.
ROCKING
Enough said!!!!!!!!!!!!!!!!!
Market crushed our plays are monster winners
WFC : winner
STT: winner
PALM: winner.
All on the short side. That's where the money is folks- you buying you are giving away your money period!!!
MARKETJEDI
Market crushed our plays are monster winners
WFC : winner
STT: winner
PALM: winner.
All on the short side. That's where the money is folks- you buying you are giving away your money period!!!
MARKETJEDI
There we go
Well folks looking like we going to break to the downside even before the market opens.
This might get very ugly!!!!!!!!!!!!!!!!!!!!!!!
But who cares we are short - rack up the profits.
Watch 783.50
This might get very ugly!!!!!!!!!!!!!!!!!!!!!!!
But who cares we are short - rack up the profits.
Watch 783.50
Huge gap down
Starting the 8:30 time frame here with a huge gap down- Looks like the DOW might open down around 200 points. Here we come November lows, man oh man, this market is so sick but who cares just play the short side and rack up the profits.
MARKETJEDI
MARKETJEDI
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