The ole pump and dump still lives

[Aaron Copland]

Financials now down over 2.0% classic pump and dump

 

[S2007S]

Quote from S2007S:

sold some SSO and bought some SDS.

Working so far, but will see what happens by the close.

 

[blackchip]

Big money is unloading.

The "financial crisis" isn't over and they know it.

 

[S2007S]

The financial crisis is farrrrr from over...

the bottom in housing is farrrrr from over....



market will retest its jan 22nd lows again.

 

[makloda]

Quote from blackchip:
Big money is unloading.

Volume is average so far for the day. What makes you think more institutions than usual are coming in as sellers today? Thx.

 

[blackchip]

watching the banks / BKX.

 

[Aaron Copland]

Crude will be the culprit. Rally fades as crude hits $100.00.

What really happened was the ole classic pump and dump, can't say that though.

 

[S2007S]

Quote from S2007S:

sold some SSO and bought some SDS.

Working so far, but will see what happens by the close.

 

[NY_HOOD]

honestly,the red flag was when the financials gapped up and then sold off. this rally had no foundation whatsoever.today was a day that the novice trader really went to school.

 

[S2007S]

Quote from Aaron Copland:

Crude will be the culprit. Rally fades as crude hits $100.00.

What really happened was the ole classic pump and dump, can't say that though.

Seems like oil slowly made its way to 100+ again, I think commodities are overbought however I think they move into extreme parabolic mode where you will probably see gold at 1200+ oil at 120+ in the next few months, wheat, soybeans, corn and every other commodity just continues to move even higher....