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Merlinson

04/20/09 10:27 AM

#79531 RE: Sarmad #79526

Sarmad, re: trying to talk the market down

Yup, there seems to be an unending procession of experts on Bloomberg today that know where the market is going.

Just bought back my May 17 strike covered calls for 8 cents. Good, I'm happy to hold the shares and wait for higher prices. Congrats on your success with short term timing.
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mas

04/20/09 11:06 AM

#79535 RE: Sarmad #79526

The market is seeing through all the Banks 'earnings'. Don't also forget that market movers like GS make money on making the market do unexpected things, just like they took it up to maximise their share offering they will take it down again for profit given enough excuses.

http://finance.yahoo.com/news/Stocks-slide-as-investors-apf-14971689.html?sec=topStories&pos=main&asset=&ccode=

It's time to go a' hunting Bear ;-)