i bot the t dip got burned then shorted it at 39 31 covered 39 ...i should have stopped trading when i covered my intc short at 22 98 for a 6 cent loss!!! intc tanked after to 29 25....the bid/ask/last price where all out of whack on the t drop it was crazy---i put in limit orders only for that...
i think the market will bounce without fed cut...dont even think the market expects much juice from fed cut---like a 200pt jump and then fade...1 day or 2 day event at most...but aside that market is near low of range 12500 dow....
12500-13700 on the dow...yes we are nearing a trade bottom...earnings will not be as bad as prices reflected in intc,emc,yhoo...imo,,,opinion subject to change....frequently...
damn what a day i was long 1000yhoo dumped it at 2298 then it rallied up to 23 15...then i sold intc at 22 83 it went to 2293 so i shorted at 22 92 then it went to 23 12 i covered at 22 98 and right away it tanked to end at 22 30....i also got burned trying to play the t drop was avg long at 38...
tough trading today for me...very tight ranges...tried yhoo at 22.96 for a bounce after meltdown from 23.65...no bounce,it drifted down 10cents then cam back and is dead in the water...same with intc now....got out of both with2cent gains...keeping the broker happy...market really acting...
bank america is looking real stupid for buying a 2 billion dollar stake when cfc was at 18...thats a 66% loss in about 3months-who's the genius at bac that tried catching this falling knife.
today i bought both amd@6.16 and emc @16.46 ...both for spec plays...emc is way oversold and owns most of vmw....amd has done the crazy 5-40 trip for the 18 yrs i have been watching it-a total insane rollercoaster...at this price its an option without expiration unless it goes bk!!
you forgot CROX,UNDER ARMOR and CELG...Which he was screaming at people to buy them up like crazy the day before they all reported earnings-very irresponsible...and those 3 stocks all got hammered 40-70% when those earnings were announced...some of his stuff is ok but his strategy changes with...
"...'spec-u-la-tors' should not be helped"... blablablah....this guy is incredible....nothing to say for the markets...sounds like an old geriatric guy stting at the park feeding pigeons and talking to them also....
my broken record mantra: market is selling at near historically low PE ratios...bear markets dont start at these levels...even with contracting earnings,its being reflected in the p/e ratio...
this is a range bound market 12500-13700...buy lo/sell hi
cramer also is very...
intc @ 22.40!!!
ive been buying/scalping intc every time it makes new lows.
shorted t at 41.75 covered at 41.34 about 2mins later-easy money....missed shorting ko
why does he speak?
What are they trying to do by having him speak?
he does not instill confidence in markets...he conveys uncertainty...hasnt anybody there in dc figured this out?