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Re: gatorkountry post# 627

Friday, 08/05/2011 4:28:55 PM

Friday, August 05, 2011 4:28:55 PM

Post# of 7747
Hard to say. If we had not had such a market wide, world wide market ROUT this week, I doubt 40 cents would have ever been breached. Panic mixed with cheating computer HFT algo's is hard to read. I can't help but wonder if the FED is behind this rout with others to drive the price of oil down fast enough to buy the economy time to re-grow. I am still long. I added at a little over .40 during the first dump in CYTR, but too little cash right now to add here. Holding what little cash I have now in case this is a real crash, but I am not selling either!!

But IF, I was all in cash I would have been buying CYTR and many other stocks today, as the morning bottom really looked like a capitulation bottom.

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!