Could be! Things are looking generally like a capitulation sell-off that's coming to an end with a short-covering rally soon to ensue. They're even beginning to talk like that on CNBC, not that that's the best source of any kind of information.
I do think that your little CTGI probably got shorted to the extreme on that last spike and might be a good candidate to make a small bet on.
I can see a short term short covering rally being a strong possibility here across the whole market. Unfortunately I don't think we're anywhere near the end of this mess and I suspect that after a short rally, the shorts will move back in and have a whole new time frame to use to short things down further.
I still believe that the whole thing hinges on the housing crisis, and until that begins to resolve itself positively that we're in for a rough and bumpy ride.
It's tempting to see each new development as an end to this but underlying it ALL is the mortgage crisis, and that's still in freefall mode.
At best I'd consider a flip trade on anything right now, but I know you. You'll go long and hold forever. LOL
Be careful!
PS: I almost bought SLV yesterday and was ready if the Fed had decided to cut rates again, but when they didn't I aborted. Imagine now where SLV would be if they had cut rates, AND announced a bailout of AIG!!!Just a thought....
I'm running out of posts already!!!!AAAAAAHHHH!
DISCLAIMER!!!---- WTFDIK! Never take advice from anybody who consistently loses his ass in the stock market.
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