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Ahh, thank you. Didn't catch that.
AVNX
Good volume spike here right before turn time I think.
Nice JT. Please feel free to post here more often. Like your style.
Hope it runs for you. I still have 23 shares from when Rudy did the 1/9000 R/S from ACUP. Good luck.
lmao, thanks Blasted! I can dance to that.
Yes, with lots of gap to fill too. May the INDU and WTIC chiefs let it rock please!
$INDU
I think we see some retest of the sub 11k zone PDQ. The recent drop in oil pretty much just a decoy to the damage already done and the relief rally is over IMO. Maybe a lot lower before the trend changes.
Everybody proud to be filling up at $3.60 instead of $4 just doesn't last for long in Texas. Some tough quarters ahead and some good pincers wait. Be judicious in your selections!
Best thing I like about the Renko is that it's hard to read too much into them.
Good tool for froggy flipper hopping wanna-be's like myself who can't just let a good run run!
lol lang. About to head out for a deep sea fishing trip for 4 days so it'll prolly go up while I'm burning away. I always do better when I'm outta town and can't watch L2 all day. Look for a good move in IAR by Monday since I'll be back. Just a crapshoot down here with oil at resistance/support levels anyhow.
I think it was maybe a little help from the hedgies trying to take control of the world lol. Anyhow, they did make .52 a share which is a helluva lot for a 1.50 stock in any industry.
Haven't read much of the release but I'm sure debt service is a burden too.
I refuse to capitulate on this one with 40 million short shares there. RDN, USS, UCBH, FRE, DSL were all good to me so I'll just wait this little bump out I think.
That little piggy is gonna fly again though.
Just a lucky guess. Got stopped outta CROX at 4.70 for a .20 dinger. Prolly going lower there I think.
Looks like oil gonna be a beatdown on the markets for the next week or so around this $120 level. Due for a rebound in time for the hurricane season I guess.
Everybody out there celebrating like they can see outta the woods anyway with a little relief rally here look like a sucker setup to me. Like $120 oil is a blessing or somethin. Amazing how short term the public's memory is.
IAR reports tomorrow with a big short position. Should be fun for someone, hopefully me!
That just pisses me off too Tina. I'm way to impatient for my age.
Weeeheee! Go crox go! My daughters luv you and Ameritrade too!
CROX 15 min
DSL workin on 15 min pinch.
Be careful though, don't think it's somethin you would want for long.
lil hedgies playin with this right now. Farkers piss me off on NYSE issues under a buck.
I think that's a good one Og. If you look at it on the renko you see that big volume that sometimes marks the reversal.
Good to be back from outta town. My IAR doin nice!
Very good example Charger of the volume spike at the bottom using the Renkos.
I really think the second leg down of that W is going to be deeper than the first.
Everybody is celebrating about oil being what it is and that is essentially not being $140 or above relative to the perceived top. In reality, even $130 oil is taking/will take it's own toll on the global economy.
I think the worst is yet to come. Maybe 10,700 DOW next leg. I remember the first time it broke 10k on hyped up internet IPOs with tech carrying the charge. Tech leading the way is gonna happen again when it hit bottom.
Keep an eye out for the 11,600 area. I think the relief rally is over there.
go down oil, go down. I luv ya baby all the way! lol.
Arrrrrrrrrrrrgh! I always bail too fast!
In my honest redneck opinion, today's oil decline had more to do with the possibility that since they tried to take some action to curb short sales on the financials there MIGHT be a tendancy to do something similar with oil speculators.
I would figure the bottom is not in yet with financials or the market as a whole. Lots of financials post tomorrow and it might well be good to be cautionary until the extent of the mortgage issue settles out.
just venting my FRUSTRATIONS as of late. I'm laughing too in retrospect.
yup. not the bottom here I think.
I sold too soon, just saw a 2.41 AH!
Weeeeeeeeeeeee go bebe go!
Good little hookster off of that 15 min renko pinch.
UCBH
if it could pull that next bar on the renko, off she goes to wild blue yonder.
IAR
DSL runnin like a big dog. 90 percent float is short.
WM and FRE looking good PM.
Well, I interpret the intent of the rule as to mean if you wanted to short 1000 shares of FRE then you must first own 1000 shares of FRE. Essentially I take it to mean that to sell short 1000 shares then you must own 1000 shares to sell.
I would think that if you bought 1000 shares of FRE at $6 then went short 1000 shares and covered at $5 then you would pocket the difference in the original 1000 shares you bought at $6 plus the 1000 shares you shorted at $6.
Percentage return on the investment stays the same, just have to own the shares first I think.
Not unreasonable I think. If you wished to sell a lawnmower or vehicle, then supposedly you would have it in your possession to sell.