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Re: machcobra post# 1441

Thursday, 10/09/2008 6:35:58 PM

Thursday, October 09, 2008 6:35:58 PM

Post# of 797221
One thing for think for sure, I seriously doubt there is all that much shorting going on at this point. That's because everyone and their brother is faily certain that the market is going to make one big V recovery. Thus, shorting at this point is extrememly dangerous.

Having said that, I think we are going to be making some really big money sometime soon for those of us that are buying down here. With that, I've gone all in.

Even if the DOW does a full blown tank of another 1000 points, I have confidence that it'll came back so fast that it will be way too crazy trying to get back in.

I remember the dot com bomb well. I made more money on that massive upswing than I have at any other time in the market.

imo