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zab

04/30/09 8:15 AM

#622119 RE: bigpoppapumpanddump #622118

Just adding my two cents, these extremes from day to day only allow the nimble trader to execute scalps, and await the next pullback. I would personally like to think that the worse is over with, but even this administration is in bed with Wall Street, so who knows what is really behind some of the doors.

We also have Unemployment numbers tomorrow morning, a perfect excuse to take things right back down again, and then on Monday we have the results of the stress test, so holding over the weekend might not be a great idea.

Lastly, most of the stocks I watch go up one day and crater the next, Dry Bulk and steel not really do that well, always think these two need to start doing better, but what do I know anymore.

MGM had great news and is gapping up this morning, nice to see the shorts get burned, maybe this will make the market a more balanced place for both buyers and sellers.

zab