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Talking about a "Sucker's Rally"
I think the correct comparison would be 1929. Then it took 2 years to reach the bottom. You have to be pretty deluded to think this is a "recession". The US economy is about to be deep-fried. GM is about to go bankrupt. I worked on the Street at BSC in 1987. That was nothing compared to... -
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Give me ONE rational explanation for Today's rally
The event was technical. It was a foregone conclusion that we would bounce off these lows again. Why should one draw _any_ inferences about a bottom being in from a foregone conclusion? Most of us would have agreed, 2 days ago, that when we hit those levels, we would bounce off them. So it... -
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That is the hugest head and shoulders
ES this afternoon whew what a ride -
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That is the hugest head and shoulders
please note the _timing_ of my post:D -
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The Libor Led Rally*
"Certainly we can't be below 10,000 at poll time! Go ahead cut and paste that to goad me later I don't care..." I agree that we may see a rally into the election. I remain sceptical about genuine upside for some time, however, for the following reason: valuations have only begun to return... -
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Sell the rally?
It seems that this is the 4th time (Bear, Fannies, AIG, now) that we've had a "floor" put in. If this one doesn't hold until 12:00, there will be hell to pay. Anyone else thinking of selling the rally? dh -
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REDF Breaks to all-time lows
down another 4% to 5.96 meltdown continues this stock is defenceless E -
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REDF Breaks to all-time lows
Well, it did rally a little at the open. But we are now 2% below the 52-week low, setting new bottoms as I write. Hope a few of you came along for the ride. Still short. E -
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(REDF) Rediff.com Getting Slaughtered
Ugh. Always regret it after you say it. See you tomorrow morning ;-) D -
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(REDF) Rediff.com Getting Slaughtered
Closed on the day's low, .01 above 52-week low. This will gap down tomorrow, mark my words. DH -
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(REDF) Rediff.com Getting Slaughtered
Down 5.3% to 6.25, .06 off the 52-week low. Can't figure out what's going on! E -
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Trading at 52-week low, NYSE:SAPE
Just a short note for those interested. I've been short this stock for a week or so. There has been heavy insider selling for the last few months. http://finance.yahoo.com/q/it?s=SAPE After about a 10% drop over the past week, it "ought" to be rallying today, but is now trading exactly... -
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Anyone else think we make another leg lower here?
Yawn. How long can this pumping go on... DH -
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Anyone else think we make another leg lower here?
Numbers were in line - but I can't say that, given the Fed's current stance on inflation - these are positive. Not at all. So if we do gap up, it won't hold long. I don't see anything in these numbers that points up from here. DH