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Here you go...
Best of luck to ya buddy, keep shorting...
http://www.wallstreetcourier.com/pressroom4-1.htm
Two of my stocks closed RED today..
MRVL and CERP...
Anyone pick up the BA and WFMI Jan 08 Leaps??
You're making a killing if you did...
ok thanks..I thought that's what you meant, but I was surprised there'd be no Q's to short...
If there are that many people shorting the market, t's only going to go that much higher that much fatser...maybe it's just a Scottrade issue...
it hasn't been easy, it's been six years in the making...
turn back to where?
It's only just passed 2000 levels...how can you have the mentality of "it can't go up forever" when we're only back to where we were six years ago??
just wondering...
what you're going to see next week...or maybe tomorrow...is DOW 12,000....it's been six years coming...
exacty....and it was someone here (I think) that said the current rally was suspect
W/O particiaption by the SOXX...now the SOXX is participating...a sign the rally has legs..imho...
well, we got our dip as predicted...let's see how tomorrow and Friday pan out...
who cares if I've ever posted before...at one point in the history of this board, you had never posted before...what business is it or yours who I am...jesus, get a life...it's still a free country last time I checked...
oh please, lighten up...someone loses their life in a house fire every three mintues...accidents happen....I'm sure it'll make the tonight show...
10/11 - we must never forget
The day a bear flew his single engine plane into a NYC apartment highrise in a last ditch effort to tank the markets.
I wasn't saying anything, b/c I didin't want to be accused of bashing, but it looked, smelled and acted like a low volume pullback...confirmed by today's high volume run-up....I don't care how overvalued a stock looks on paper, it doesn't automatically qualify it for a short...we went through the same thinglast month with apple and how there was no was in hell it was closing over $72.50 on options expiration....it closed over $75...
The market rarely pays attention to analysts anymore and neither should you....jmho...
Facts are meaningless. You could use facts to prove anything that's even remotely true!-Homer Simpson
The housing market has already taken a beating, we've already felt the impact and the economy is weathering the storm...so far...interest rates are falling and that will be a "knight in shining armor" for some of these people who got in over their heads with creative financing...interest rates also remain at historical lows which should continue to feed the economy going forward....for now.
this market hasn't done anything substantial for over 5 years...inflation adjusted, the DOW is still down from its high..earning meanwhile, bla,bla,bla, yes, you're right, it's not that easy to make money either way, but if you were in the market during the tech bubble, you certainly were making money hand over fist...every day....evry Tom, Dick and Harry was trading stocks, talking to their broker..lol..broker...hmmm..on their cell phones...trading online...the market went up what seemed like forever....and then went almost straight down...
right now you have a bit of irrational fear on the part of players saying it needs to correct...it really doesn't need to correct if you think about it, it hasn't gone anywhere...jmho...and history isn't always repeated...how many people sat out this ENTIRE rally waiting for the dreaded 4 year cycle low in September/October because that is what almost EVERY major investment newsletter and media outlet preached to us for the past three months...how many times did we hear thorugh August that August was a HORRIBLE time to be in the market? How many times were we all warned that September was the WORST month to be in stocks? If you listened to mainstream media and all the so-called know-it-alls, you missed one hell of a rally...even if you were to sell it all today and wait for the next correction.
many of them have been "pinning" dates since August....jmho, what makes this time any different, b/c the market "has to" eventually pullback? Odds are certainly in their favor now that we're 10 weeks into a pretty solid uptrend, but don't bet our house on anything substantial...even mrket timers with the best proven track records have periods where they are VERY inaccurate..imo..
I don't really focus on specific "target" levels of the major markets, I'll leave that to the media...but this is a broad advance, anyone who is diversified can see that...the DOW led the charge, now there is semi and small and mid cap participation...even some of the building material stocks are responding, take a look at the weekly chart for EXP....
others performing well today, HOLX, WFMI, NADQ, SMSI, TRID, STKL, GRMN while others take a breather such as AAPL, NVDA, BA, GS and also some of the retail stocks that led the charge late last week....
Another dip...
met by more buying by the herd...
This market is setting up...
for the perfect year end rally...jmho...
I agree, I'm not saying I'm buyng the dips, I've been long this market (as posted previously here) since late July....the mentality of the market is to buy the dips and until that changes, I am long...I'll review and implement a host of trailing stops when I feel we're moving towards a true top...
syn...during periods like this, I abandon most of my technical tools and try to think like the market...what's the market mentality? The market mentality right now is to buy the dips....short term tops will be met with waves of selling only to be met by waves of buying on dips(retail? commercial? a combination?)...until I see this pattern change, there no need for me to overanalyze the market...I'm simply playing the trend..
we should get another dip either later today or tomorrow, followed by another leg up later this week...imo...even macroeconomic events like testing a nuclear bomb barely rattled the market and did absolutely NOTHING for oil and gold prices...think again about the mentality of the market...and then think 3 months ago how that geo-political event would have played out in the market...
no crash, just a pullback....jmho...
I'm doing the neutron dance!!!
and I've got green across my screen...trend remains intact for now...nuclear news in July would have sent the naz to 1750, this isn't July...
Nasdaq is on sale!!!
Today only $2,299.99..lol..
Today's trading gave me NO reason to change my bias and go short..the uptrend is intact and the market continues to buy dips...even I'm starting to wish for a 5% pullback to put more money to work.
shorts better hope for some type of successful nuke test this weekend!!
It's trading 1/2 the 3 month average volume and just barely 1/2 the 10 day average volume...
in spite of all the "negative" news out the past week...options, Sandisk/Rhapsody, Best Buy, Zune, pc shipments across the industry...did I miss anything? lol
Could you imagine where this thing heads on positive news?
even if the Naz goes to 2200? 1980? 1700? during the 4 year cycle low?
Republicans are holding the market up!!
buy the dipppppps...
12 days before earnings??
Buyyyyyyyyyyyyyyyyyy.....
the dips..jmho..
he mentioned them positively last night as a play on the bandwidth shortage...he's almost never right, that's why I said you have hope...
Cramer picked it too, may be you're only hope...$55 before $48...jmho...
Unless you know the job numbers already, what are you basing this on? Premarket futures? The were at the same levels at this time yesterday and the market closed up...
The market is climbing a wall of worry....many investors (including you) continue to be bearish short-term...just what we need to continue the rally.
Want an example?
Take a look at oil...as oil climbed to $65, $70, $75, OPEC increased production and the price continued to go up....Hurricane season got was relatively quiet through June/July and the price continued to go up...everytime Iran spoke gibberish the price went up...north korea threatened nuclear tests and the price went up...
Now?
Rumors of an OPEC cut couldn't keep oil over $61 yesterday, in fact it gave up all its gains at one point and dropped below $60, Rumors of a north korea nuclear test aren't moving it dramatically either, either are some more nigerian kidnappings...
markets acting the same way, shrugging off the same geo-political factors that drove it down everyday three months ago....what happens if the job numbers suck? The market uses the number to pullback and more buyers step in....but, what happenes if the numbers are good?
fuel to the fire...jmno.
re:ot
Vitamin A is fat soluble and toxic to the liver in high doses...example is Accutane...a pharmaceutical drug for acne that is a deriviative of vitamin A. Who in god's name did a study like that?
so if we already saw the cycle lows, how low do you anticipate the next pullback? You're calling for 1700 if we haven't seen the cycle low, no?
So best case scenario = ?
Worst case scenario = 1700
Hey KeithK, since you're here...
Remember this post?
Posted by: Keith K
In reply to: randygee who wrote msg# 811 Date:9/29/2006 9:21:22 PM
Post #of 1011
Your reasoning is duplicitous in that a bear or bull could use the same logic to support their case. All you state are conjectures with accompaning broad generalities (eventual, each, every, everyone, all, etc.) and imperative commands (would have to, will have to, etc.). Wisdom/experience knows nothing with the market "has" to happen. Also, whenever someone says they "feel" something when discussing the market, that is an automatic red flag. The market preys upon this kind of reasoning. Notice how SynII here never speaks about what he feels, he talks about what he thinks. Sure there is emotion, but he keeps his mind in the lead.
What is this about??
Posted by: SyndicateTwo
In reply to: plashadpobedy who wrote msg# 690 Date:9/26/2006 1:15:11 AM
Post #of 1010
I think we're getting ready for this correction. I have a feeling that it's going to hit one of these days in a big fast swoosh when no one expects it.
You can just 'feel' it. Something ain't right out there. Rallies of magnitude have everything behind them. You can tell by the breadth, volume, shear power of the market and how nearly every stock moves up. There is nothing like that here, yet the market just plows ahead on near nothing behind it.
I did hear today on CNBC that there was a rumor that some of these hedge funds are starting to get a more scrutinized look by some of their big investors as Amaranth woke many up. The theory is that many are heavily short the market and are now covering to recoup some of that capital to have for redemptions. Who knows.
The market's the biggest rumor mill out there. Whatever it is that's pushing the market up, it's most likely not going to get too far this way.
Please, serious answer would be appreciated since you discount my creditbility vs you boy syn..
Bingo..
I was practically banished from the Marvell board for echoing those sentiments.
Posted by: rcptrader
In reply to: Syn_take us there who wrote msg# 1152 Date:10/5/2006 4:44:59 PM
Post #of 1157
Trading is not supposed to be that complicated