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If the market takes a bounce tomorrow, I'm going to short it down. Now that I study more charts, I think we will find a good bottom at 11,900-12,000.
Crazy. You can still make money on the downtrend. If you stay tactical. Let's see if it bounces up a little today.
I think the overall market will be in a downtrend from here. We will see a bounce here and there. Might do a small bounce later on the day today or tomorrow. I'm out for now. Let's see what it does from here.
Yeah, I'm out. Where do you think we will bottom at?
I'm 100% cash now. I will wait for the market to figure out what it wants to do. So far I didn't like it.
Sold most of my plays today. 80% cash.
If the market doesn't hold 12,700. We will see 11,250-11,500 IMO.
If the market doesn't hold 12,700. We will see 11,250-11,500 IMO.
The overall trend of the market is still up, but if we break 12,700 then I'm going short. I personally think it will bounce from here, the market is just correcting itself by taking advantage of the fiscal cliff fear. I still think the market will reach 15,500 to 16,000 before the next big crash down to 8750. All based on what I see from the chart
This market is crazy! Trying to squeeze as much profit as I can from my plays. Good to be tactical.
Good morning bro. Nice to see you back. Hope you had a good vacation.
I'll be a buyer of NTS between .77-.82
I got stopped out of HILL. Still holding: HEB, CHTP, FLML, XOMA, AOI
Up we go. Weeeeeeeeeeeeeeeeeee
HEB- Nice buying today. Looks ready for monday in my opinion.
AOI - was upgraded by the Street today, but little volume so far. I bought some anyways here
Sold AMPE at $3.73
HEB- If it shows strength today. It has a good chance to show strength on Monday for a second leg up.
AMPE- Nice quick gainer since my call from $3.50
In my opinion that was the bottom for the market. Let's see if we can get an uptrend from here for the next few weeks
RENN
AMPE
XOMA
HILL
FLML- Pincher play
Have no time to post my plays. The market has been very volatile. Staying focused on each move.
I bought XRA at 1.45 and sold it at 1.68 today.
Stay strategical my friends
This market will be violtile till the end of the year or until the fiscal cliff get's sorted out. I wouldn't recommend holding stocks long term. You have to be strategical. Shorts have a slight advantage, but not the full advantage. Look at the overall direction of the market.
You're right. Might be a good day to add to lower stocks. Let's see what happens tomorrow.
$INDU volume is pretty low today
It goes both ways. There are lazy people that don't want to work and are taking advantage of the benefits. And there are also people that are making millions a year and they don't pay any taxes. That's why the middle class is what keeps America going.
Yup. Everyone looking out for their own benefit.
Currently holding HEB, AMPE, RENN, AVL.
Great post. This is exactly my thought. There will always be crooks out there that take advantage of the system, they will pay their dues, but there are people out there that really do need help especially in this economy after all the jobs that we have lost.
That's your call. A lot of people will be doing the same as you and I don't blame them.
And for the record, I didn't vote for Obama or Romney.
Yes, that's true. There are a bunch of lazy Americans taking advantage of it, but there are people out there that really need it as well. That's why I understand people that don't like Obama. It could go either way. I personally think it's worth it for those people that actually need it.
Added AMPE and RENN today
Obama's taxes will hit me hard, but nothing wrong with giving some extra money to people that are in need. Especially in these economic times.
Bounced nicely off the 50dma