Quote from Sharp:
I think the Nasdaq looks good here (1990-2000 level), what does everybody else think? I'm not sure if we will see new highs anytime soon, but I think we move higher over the next week or maybe even two. We're at a strong support level, and some of the best sectors over the last 6 months (ie, aluminum, synthetics, communication equipment, information/delivery services) still look strong, and might make good buys at their current levels. I understand that the Nasdaq will rise and fall with the semiconductors, but I think the semi's look okay here, also. Most of the semi's got killed this morning but some (INTC) rallied at the end of the day to close in positive territory. If we get a descent opening tomorrow I will probably jump back in with some QQQ calls. It should be a short-term play but I think we COULD see some good buying action at these levels. Anyone else want to chime in? Lets here what others have to say.
P.S. My market calls are almost always wrong. I'm just interested in hearing what other people on Elite are thinking.![]()
Quote from waggie945:
I feel the same way about LLL.
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Quote from Mecro:
If you can trade em, more power to you.
I will beat the shit out of the CTX specialist if I ever see him on the street.
Quote from Mecro:
I got a few more specialists that I either spit in their face or knock them out. DB, LLY, AMG, I will never forget how they went out of their way to screw over my measly shares.
Regarding the trade, if Sharp wanted to do a quick bounce scalp, it made good sense to pick it up today at the open and hold out a bit till the afternoon.
I call bullshit on today's news also. Who really cares?
I would pick up QQQ calls today cheap and see if I could scalp it real quick.
Quote from QdzResurrection:
Admire you, you are my friend. For others, who don't want to be my enemy, please don't short America.