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Re: value1008 post# 49545

Wednesday, 08/25/2010 10:19:42 AM

Wednesday, August 25, 2010 10:19:42 AM

Post# of 94785
No problem. That said, I sold everything I owned at the opening bell, not just CCME. My opinion of the overall market changed yet again overnight and I just don't want to stand in front of an oncoming train, regardless of ridiculous valuations. More terrible numbers again this morning concerning housing and durable goods. I said a couple of weeks ago I thought the market would correct 25% and then changed my tune, thinking valuations would cause a bounce, but I'm back to being a bear and am going to sit on the sidelines with the exception of an occasional quick in and out trade here and there ........

"CCME--JoeN, thanks for taking the time and making the effort to contact them. This should be revelatory... Though i surmise the main reasons will be forecasts of short-term market weakness and also the technical weakness of CCME's stock."

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