Wednesday, October 28, 2009 12:49:19 PM
"LOL....let's not be drama queens. Speculative stocks are tanking left and right today. "
Now it is you that is being funny, right. This is the BEGINNING, much much much more to come.
So thanks for proving what I have said for weeks. BAG HOLDING even free shares of 80 micro high spec China companies is about certain HUGE loses.
More important is if you are not fast to the exit you really get reamed due to low volume and MM greed.
Like I said look at FEEC, awesome news stock runs to .59 and 2 days later if you want out the price is .44, the MM removed the market, thats why I was selling .53 news day, and the .51 yesterday and all out .50 today. Will it go higher, maybe, but damn the markets look impulsive to the downside and if the EW count is correct we are in a SELL ALL RALLIES market for the next 9-24 months.
Just like on Mar 6 when I was watching for long plays sitting all cash thinking it was about time for a 50% FAST raise in the stock market, I am now 100% cash looking to short rallies looking for a 50% move to the downside in short order.
The market still might have one more rally in it for B wave but not likely.
As I said before there is a time to be long peniies and a time to be out of pennies, thing is the time in is SHORTER then the time you should be out.
Dont worry you will learn. The market is a great teacher for those that want to learn, a great bleed of money for the emotional investors.
Now it is you that is being funny, right. This is the BEGINNING, much much much more to come.
So thanks for proving what I have said for weeks. BAG HOLDING even free shares of 80 micro high spec China companies is about certain HUGE loses.
More important is if you are not fast to the exit you really get reamed due to low volume and MM greed.
Like I said look at FEEC, awesome news stock runs to .59 and 2 days later if you want out the price is .44, the MM removed the market, thats why I was selling .53 news day, and the .51 yesterday and all out .50 today. Will it go higher, maybe, but damn the markets look impulsive to the downside and if the EW count is correct we are in a SELL ALL RALLIES market for the next 9-24 months.
Just like on Mar 6 when I was watching for long plays sitting all cash thinking it was about time for a 50% FAST raise in the stock market, I am now 100% cash looking to short rallies looking for a 50% move to the downside in short order.
The market still might have one more rally in it for B wave but not likely.
As I said before there is a time to be long peniies and a time to be out of pennies, thing is the time in is SHORTER then the time you should be out.
Dont worry you will learn. The market is a great teacher for those that want to learn, a great bleed of money for the emotional investors.
If you have not studied and made big profits using TA you might consider being wise and forgo your critical judgment of it.
