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Re: fsshon post# 145079

Tuesday, 02/02/2010 2:20:06 AM

Tuesday, February 02, 2010 2:20:06 AM

Post# of 729577
Hey Fishy I know many of us are deep in WAMUQ and some won't be able to move funds until a settlement. However my observation has been that the pattern mentioned #813 in the Palay is usually close to .05 the next day before it bounces. Even if it's a BK "rumor" like SIRI it hit .05 before the bounce. I know because I was in it when it went down and I bought more for the bounce I took my profits ASAP, but should have held in hindsight. :( A few that didn't hit that number were FNM, FRE and AIG. However I believe CIT, SIRI, WM, LEH all hit close and below that number.

I'm in ABK now, and if we have a double dip I'd say it's primed for play. Listed companys bounce harder IMO. Even a delisting would drop it like a rock.
My experience is born with stocks and blew them. Got back in the Summer of 2008 when we started hitting 52 week lows. I'd say I'm a smaller to mini-med sized fish that will become much bigger after a settlement for WAMU and pay for a subscription. (LOL)
Hope this helps. :)
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