Wednesday, January 21, 2009
Rebound
Alittle rebound after 7 straight days of selling. No reason to get bullish but bias is up for the rest of day
Today's Action
Nice gap up and a gap fill was so easy. Now it is 12:45 going out of lunch very soon, do we test the yesterday's lows or do we just close the gap again on the upside?
Market Reality
Why don t folks face up to the reality that we are in a bear market? Everyday we lose more and more equity in the markets but yet still people are trying to pick bottoms in the market I just dont understand. Financials are dead money I have been saying this for over a year and everyday I have been proven right. Folks there is a pretty good chance from what I am seeing we hit 5000 area this year on the DOW.
I think playing the market short is the only way to make money in the next 3 years period. Don't get sucked into believing stocks are cheap because I will tell you this they are going to become alot cheaper in deed. Think logically folks all the bank are bankrupt! They don't have enough assets to cover their liabilities of the mortgage fiasco. When the mortgage problems started to surface almost 2.5 years ago I remember saying this thing is going to spill over and affect the whole economy but we had our FED saying oh no it will be contained. We should look back and question all the decisions and speeches these leaders have sold us because they were all wrong or lying.
Get ready for rough two years in the market folks it is just simple as that, in the mean time lets keep rocking.
MARKETJEDI
I think playing the market short is the only way to make money in the next 3 years period. Don't get sucked into believing stocks are cheap because I will tell you this they are going to become alot cheaper in deed. Think logically folks all the bank are bankrupt! They don't have enough assets to cover their liabilities of the mortgage fiasco. When the mortgage problems started to surface almost 2.5 years ago I remember saying this thing is going to spill over and affect the whole economy but we had our FED saying oh no it will be contained. We should look back and question all the decisions and speeches these leaders have sold us because they were all wrong or lying.
Get ready for rough two years in the market folks it is just simple as that, in the mean time lets keep rocking.
MARKETJEDI
Tuesday, January 20, 2009
SHORT LIST UPDATE
The short List is rocking and expect it to continue to rock. Remember these are a list of my favorite stock to lose value this year. Some are alreay down nicely since I produced the list last week.
ROCKING!!!!!
ROCKING!!!!!
HOW WE DOING????
How we doing folks???????
FAZ almost a double in 3 weeks, SPG short down 20%, our second special play is rocking, totally rocking.
Called for the nationalization of the financial system and that's exactly what is happening ALL bank stock are going to sub $5, take that to the bank.
THE MARKET IS NOT COMING BACK FOLKS- NOT IN 20 YEARS!!!!!!!!!!!
MARKETJEDI
FAZ almost a double in 3 weeks, SPG short down 20%, our second special play is rocking, totally rocking.
Called for the nationalization of the financial system and that's exactly what is happening ALL bank stock are going to sub $5, take that to the bank.
THE MARKET IS NOT COMING BACK FOLKS- NOT IN 20 YEARS!!!!!!!!!!!
MARKETJEDI
TRADE CALL UPDATE-FAZ
FAZ now trading @ $84, our entry was $47 average.
Hmmm is that another huge winner??
Hmmm is that another huge winner??
TRADE CALL UPDATE: FAZ
FAZ is up 15% to $72 pre market. Average price was $47 so great play. I still think this one hits $90s and make it a double for us. Take profit as it goes!!!
ONLY WINNERS!!!!!!!!!!!!!!!!
ONLY WINNERS!!!!!!!!!!!!!!!!
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