Reminds we of the weekend of Bear Stearns when the stock got cut in half, and people were buying thinking it was a bargain, and then something happened over the weekend and Bear Stearns filed banruptcy, as for me, you either trade with the trend, or get out of the way.
The market takes no prisoners, and makes no sense when emotion takes over. At the moment there is so much uncertainty, I thought for awhile that they were going to turn this market today. My screens started lighting up, and stocks began to catch a bid. As the last hour approaches the market is moving lower, and like many on this board the speculation is a hard sell-off. If we do not get it, we will probably get it Monday, if anything its the wise, cautious trader who dosen't try to catch a falling market, no matter how well you think the stock is.
Early beer for me, have my cash, and will come back next week, its alot better than waking up Monday morning, and going holy shit !!!!