yea he's gone
it is over shorts
- Thread starter stock_trad3r
- Start date
yea he's gone
That is a great sign.
There was so much negativity this morning regarding the barkley and wachovia and some how the financial sector brushes it off and goes higher. As usual Goldman is leading the pack. You gotta love GS that shit knows how to rebound.
I'm with you, when a relief rally comes e.g. in Q4 or Q1 it could easily get us to new highs if financials manage to rebound big. What I see now is that we clearly lost leadership in tech and oil/commodities. What was good is getting whacked, and what was bad is staying bad. Until that changes, I prefer to protect my capital instead of pretending to be smarter than the market.
Learn a little humility. The markets are more powerful than you, myself and anybody else on the board or elsewhere.
You're right.
Motley fool says to buy on fear. Good advice:
http://www.fool.com/investing/value/2007/11/08/the-sky-is-falling.aspx
covered for nice profit.. hope you did 
got to know when to fold 'em, when to hold 'em, when to walk and when to run away
got to know when to fold 'em, when to hold 'em, when to walk and when to run away
I figured the perceived risk/reward today highly favors the bears. The S&P is destined to close at around 1438 today (yes, it's 30 points to go down from where we are now), and I would be the buyer at the close. My trade is short ES from 1471.75.
