LBY and GGC only 2 stock I own that are over 5% today.....At least I have 2 right....
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- Thread starter $CostAverageMAN
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haha
taking one for the team aren't we?
I think this drop has serious issues, We won't recover from this for awhile,
I'll be watching price action but this kind of drop will never be supported by the instutions unless we experience at LEAST 2-3 weeks of heavy chop.
So theres more then enough time to buy imo.
I agree but I'm still 80% CASH....I got some good stocks at good prices....I can always dollar cost again or cut my losses and run....This market made me more CASH than I could of ever imagined, I will give some back or make more...time will tell....And yes taking one for the team is how I feel!!!!!
thanks for keeping us up to date, cost.
glad to hear you're playing this market defensively and have preserved your gains
I also find myself attempting to call bottoms..
Market is tricky right now.. a bit too late to go short but too early to go long I think.
The only thing to do is wait for the buy signals to go on
glad to hear you're playing this market defensively and have preserved your gains
I also find myself attempting to call bottoms..
Market is tricky right now.. a bit too late to go short but too early to go long I think.
The only thing to do is wait for the buy signals to go on
Hard market to make a buck....You have to wonder about all this late reporting of an emerging markets crash....I will be the first to admit that today was a big sell off in emerging markets, but it's not like it started today.....These easily started to correct the same day we did....The cumulative declines over the last week in these markets are about 1.5 times the decline today....So we call today the CRASH and last week was a correction....I love CNBC and how they try to spin the worst of news in a positive way....Did anyone hear the lady report today in such a positive aspect that the Adv./Dec line of the market was at 1:4 ratio and she still tried to spin it that the DOW 30 was currently climbing....I just laughed!!!!
If it walks like a duck, talks like a duck and looks like a duck---Then it's a duck.....CNBC would lead you to think it was a BULL...
Considering that for the last 8 years I have spent almost every Monday through Friday with CNBC and Bloomberg on, You eventually begin to laugh at how they try to keep investors from taking profits during every significant decline....I mean have you ever heard them say "SELL or Take Profits", before the market actually tanked....Even during the DOT COM CRASH, I can't remember a panic sell comment from any of them until it was way late....
Yet they will continue to pound the same positive statistics at you day in and day out.....Or.....They keep showing you the same stocks over and over.....I never see stocks like COT, LBIX, JSDA (All energy drinks), but I see HANS almost every other day...(Just an example).....And yes I know why they focus on large, common, safe names, but just imagine what kind of impact a competing station could have if they copied CNBC and cut out all the crap and only focused on the swing/day trader market....Like a great blog site, but on TV....All it would take is compounding all the intelligent comments and charts from one day on ET and create a show....I mean isn't it mostly swing/day traders sitting around listening to CNBC anyways
JUST A THOUGHT FOR ANY OF YOU ENTREPRENEURS OUT THERE!!!
ANY THOUGHTS?....I Like the comments from earlier, makes me feel like I'm not talking to myself...
$COSTAverageMAN
If it walks like a duck, talks like a duck and looks like a duck---Then it's a duck.....CNBC would lead you to think it was a BULL...
Considering that for the last 8 years I have spent almost every Monday through Friday with CNBC and Bloomberg on, You eventually begin to laugh at how they try to keep investors from taking profits during every significant decline....I mean have you ever heard them say "SELL or Take Profits", before the market actually tanked....Even during the DOT COM CRASH, I can't remember a panic sell comment from any of them until it was way late....
Yet they will continue to pound the same positive statistics at you day in and day out.....Or.....They keep showing you the same stocks over and over.....I never see stocks like COT, LBIX, JSDA (All energy drinks), but I see HANS almost every other day...(Just an example).....And yes I know why they focus on large, common, safe names, but just imagine what kind of impact a competing station could have if they copied CNBC and cut out all the crap and only focused on the swing/day trader market....Like a great blog site, but on TV....All it would take is compounding all the intelligent comments and charts from one day on ET and create a show....I mean isn't it mostly swing/day traders sitting around listening to CNBC anyways
JUST A THOUGHT FOR ANY OF YOU ENTREPRENEURS OUT THERE!!!
ANY THOUGHTS?....I Like the comments from earlier, makes me feel like I'm not talking to myself...
$COSTAverageMAN
the market for actual professiona/s swing traders is extremely small.
Out of my immediate family and friends, quite a few investors, all who watch cnbc
I know nobody who swing trades.
All buy and hold ready to be slaughtered.
So the market just isn't there, Swing trading is close to a junior/senior type skill in a land of freshmens.
When you start offering swing trading advice, the exits and entries must be precise which is almost impossible to televise from TV, because they would be wrong immediately most of the times.
Out of my immediate family and friends, quite a few investors, all who watch cnbc
I know nobody who swing trades.
All buy and hold ready to be slaughtered.
So the market just isn't there, Swing trading is close to a junior/senior type skill in a land of freshmens.
When you start offering swing trading advice, the exits and entries must be precise which is almost impossible to televise from TV, because they would be wrong immediately most of the times.
GREEN!!!!GREEN!!!!GREEN!!!!
Headfake or just an oversold bounce.....I hate to say it, but I feel it's not going to be sustainable....Looks like it's going to be a short term sqeeze on the greedy shorts who forgot to take profits yesterday....A small rally could be on it's way.....I give it three days and it falls apart late Thursday before the PCE defliator(I Think thats what they call it)...
Here's what I'm watching today....All of these stocks are in the most beat down sectors recently, but had a Relative Timing 2 weeks ago above 1.35 and had a red day yesterday....
Sectors are Transports, Steel, Petroleum, Paper, Mining, Metal, Financial, Chemical
Headfake or just an oversold bounce.....I hate to say it, but I feel it's not going to be sustainable....Looks like it's going to be a short term sqeeze on the greedy shorts who forgot to take profits yesterday....A small rally could be on it's way.....I give it three days and it falls apart late Thursday before the PCE defliator(I Think thats what they call it)...
Here's what I'm watching today....All of these stocks are in the most beat down sectors recently, but had a Relative Timing 2 weeks ago above 1.35 and had a red day yesterday....
Sectors are Transports, Steel, Petroleum, Paper, Mining, Metal, Financial, Chemical
Well I hope the 6 people who checked the list made some CASH!!!!
This was about the easiest money I have ever made....
This was about the easiest money I have ever made....