Marketsurfer Declares STOCK BOTTOM IN!

Clubber Lang · Nov 20, 2008

Quote from marketsurfer:

Gentlemen,

I was wrong.

Surf

No kidding.

nkhoi · Nov 20, 2008

now you understand why the thread headed imm for the chitchat forum.

...until next time!

gaj · Nov 20, 2008

Quote from marketsurfer:

Gentlemen,

I was wrong.

Surf

i never thought i'd see those words. kudos.

does this mean your "adios" will be followed as well?

JSSPMK · Nov 20, 2008

That's why hedge funds are being shut down at such a rate, 100% conviction they are correct in their analyses leading to a hugely overleveraged position, it was 100% after all, so why not bet the farm?

marketsurfer · Nov 20, 2008

Quote from JSSPMK:

That's why hedge funds are being shut down at such a rate, 100% conviction they are correct in their analyses leading to a hugely overleveraged position, it was 100% after all, so why not bet the farm?

hedge funds are closing due to redemptions.

investors are losing faith in management and their strategies.

surf

JSSPMK · Nov 20, 2008

Quote from marketsurfer:

hedge funds are closing due to redemptions.

investors are losing faith in management and their strategies.

surf

Exactly my point.

TraderZones · Nov 20, 2008

Quote from marketsurfer:

Gentlemen,

I was wrong.

Surf

That is why every single prognostication is completely worthless, surf.

NObody knows where the market will be in a few days.

AMT4SWA · Nov 20, 2008

7777 got the "187" :eek:

"Gloabalist (wealth transfer) Games 2008" ........Day 324!!!

BlindLemonBoosh · Nov 20, 2008

Quote from marketsurfer:

if 7777 breaks, you can say adios to marketsurfer!
surf

Adios.

BlindLemonBoosh · Nov 20, 2008

Quote from Clubber Lang:

I don't have my charts up, but I believe it's more like down 17%.

9600+ to sub 8000 in less than two weeks.

He made the call before the market opened on 11/4, so, I used the 11/3 close - 9319.83.

Now down 19.0% in 13 trading days.