My opinion: Quant funds run by the big boys. Notice the pattern similarity, the technicality, time frame. All almost perfect. This is intentional, imho.
Absolutely no bailout from gov't I think!
But there's an article saying that they're insuring $264 million for Air Force Project. So they're still in business, I suppose.
http://www.forbes.com/feeds/ap/2008/07/11/ap5206855.html
This is quite interesting. Major holders as of March 31, 2008 are some of the big boys: GS, MER, BCS, MS. I'm pretty sure they've unloaded IMB before it collapsed, no?
http://finance.yahoo.com/q/mh?s=IMB
I agree here. Trading is very hard - not just buy/sell/sellshort. You need to know the technical (and fundamental - although some people ignore it). Knowing when to buy/sell, dealing with my emotion was the hardest thing to conquer. Admitting mistakes and letting go of my ego is VERY hard...
Honestly everybody's calling the top in oil including me but now I just won't fight it, although technically USO is showing some bearish divergence.
I've been 80% cash since last week. I have a few stocks for long term that I'm gonna keep. Pulled my SDS a last week ... maybe too early, I...
You're a bit cocky but I have to admit you've been more right wrong all these times than your bashers :)
Except 1 thing - McCain ain't gonna be the next president. There should be a revolt if that ever happens.
I'm gonna make a bet if they increase the margin requirement for oil like they did to wheat, it's gonna go down to $80-ish.
But Bush doesn't want that and we already know why.