Anyone think massive reversal around 230 ?

Eliot Hosewater · Nov 28, 2007

Quote from S2007S:

I dont think the bottom is in, its days like this that make you think that everything is better, than 12 hours later there is another write down or credit problem at some other financial company and the market falls another 3%.

Didn't Wells Fargo just announce some exposure to the mortgage mess ... like about 12 hours ago?

S2007S · Nov 28, 2007

Quote from Eliot Hosewater:

Didn't Wells Fargo just announce some exposure to the mortgage mess ... like about 12 hours ago?

Yes they did, upwards of 1.4 Billion, it seems today this news can be ignored since the federal reserve will once again drop rates by 50 basis points, because this is the smart thing to do...HAHAH

S2007S · Nov 28, 2007

Cant wait to tune into cnbc today and see how happy those talking heads are, that the so called bear market and recession can now be forgotten...

Joab · Nov 28, 2007

It won't happen because I got trapped ... but I'm rooting for one

I conquer with the short squeeze poster

pumpanddumper · Nov 28, 2007

Rally monkey into close...Gay, I sold long yesterday. Always happens to me.

Sure, go to 13.3k....f me.

S2007S · Nov 28, 2007

Quote from pumpanddumper:

Rally monkey into close...Gay, I sold long yesterday. Always happens to me.

Sure, go to 13.3k....f me.

dont feel so bad, i sold my UWM at 60.50 since then I have seen it add another 2 dollars

sold my XLF at 29.75 and saw it move higher as well.

Its impossible to time it perfectly, I even went long some inverse funds a couple of hours ago, thinking this rally has some pulling back to do.

Sobieski · Nov 28, 2007

we need stock_trad3r back.

market started surging as soon as he left.

pumpanddumper · Nov 28, 2007

Quote from Sobieski:

we need stock_trad3r back.

market started surging as soon as he left.

When he comes back, its time to short.

He gets real bullish at market peaks at 14k. He is like Cramer.

Sobieski · Nov 28, 2007

Quote from pumpanddumper:

When he comes back, its time to short.

He gets real bullish at market peaks at 14k. He is like Cramer.

I am going to get rcanfiel to start a "who wants stocktrad3r back?" poll.

pumpanddumper · Nov 28, 2007

Quote from Sobieski:

I am going to get rcanfiel to start a "who wants stocktrad3r back?" poll.

Okay, I will do a stocktrader:

Buy, there is no credit crisis.

FED is your friend. Uncle Ben loves you. 50 basis points cut and we are at 14k DOW. No risk. All upside.

America has no problems. Just keep buying...never sell. Dow 15k by year end.