Uh oh shorties massive rebound
- Thread starter stock_trad3r
- Start date
The way you say you trade I bet you are down more than 20% Keep buying you will get it right one day!
I agree 100%.
this is the summer of 1950 all over again.any of you financial historians can pull up a long term SPX chart and see what im talking about.
these markets are so undervalued its ridiculous.this right now is the buying opportunity of a lifetime and I can personally guarantee these prices we see today wont be seen again in our lifetimes.still long my 3 stocks, IBKR YGE and JASO.I will be buying more of these names tomorrow.
by this time next year I will be laughing all the way to the bank.
blackguard
THANK YOU STORM 121, THANK YOU.
I think you are the only one besides me who is looking at it like that, like I mentioned many times before that after seeing the NASDAQ up over 110% in 5 years that 20-30% drop over the next 1-2 years should not surprise anyone, aside from that most of the international markets are up over 500% so even a 30-50% drop over a 5 year period should not be a surprise to anyone either.
Quote from stock_trad3r:
And no I'm not dead...
And I didn't blow up...not even close
CAX off 150 points from lows and surging. Not good...if you didn't cover or went short.
As an update, I lost a ton of money in the past few months I will admit and it has been painful, but we will rebound huge from here. Just like august 16-a huge amount of selling for no good reason and then a HUUUUUGE rebound to new highs soon after.
I'm down 20% since the start of this year but I will recover as I always do. I don't fail. I am still long, still in the game.
Market will be green Tuesday. Even though I'm down a lot I'm glad I didn't sell. I always come out ahead at tax time, too.
Still no compelling reasons for selloff. Nothing at all. Global economy is stronger than ever. IBM and other tech companies and globalist companies continue to report huge numbers. but I'm receptive to the usual, bear biased, flawed rebuttal arguments.
Not a bear market either keep in mind. Still a correction.
The fed will step in and give a huge cut. The dow will add 2000 points in a month. And new highs by mid 2008.
This is so similar to august 16th in every way. So many shorts are gonna get incinerated. All the puts converge to zero. People shorting because the downward trend seems so infallible...
I know how this story ends. Longs win, shorts lose. Seen it in Summer 2006, Feb 27th, and August 16th.
I'm not going away unless we enter a bear market. But that won't happen.
I'm not predicitng which way we go, but this sounds like you're "married" to an opinion. Careful, this can be dangerous.
When things go down "for no apparent reason", you'll discover the reason in the near future.
