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peewee

03/13/10 1:13 PM

#172626 RE: thepennyguy #172624

They feeded the bigger positions down there first probably...
AKA the gazillion big blocks shortcovering ?

IMO
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jhdf51

03/13/10 1:17 PM

#172640 RE: thepennyguy #172624

Ok....that's perhaps the difference.. Not a bad idea for now but not my core hldings..I expect to get paid.
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Zilla

03/13/10 1:36 PM

#172665 RE: thepennyguy #172624

I was above the ask in both 25k's and 100k's and NOTHING! Should have switched to 5k's but I was seeing RED and needed to get away.
I've learned in "those moments" it's best to GTFAway ASAP. Went to the gym after a bit, but I realized I was still way too toxic to be in public. It's okay for me to stew in my ANGER, but in those times I must make sure not to share it with others.
Right now I'm sure the "BASHERS" are staying away, because "they" want us to tear apart each other. If one of them we're to pop up it would be easy for so many here to confront them. What's changed since before we heard the words, "global understanding?" Not much except for the bogus offer that I'm sure will get shot down. A whole lot less day traders, and a bunch of nubies who will be needing the confidence that many of us LONGS here have. I've developed teeth, claws and thick skin from when LEH and WM went down. Many nubies have only come on board in the past 6 months and now they're developing the necessary "skills" to not only survive, but THRIVE in this kind of market...Even if WAMUQ went to 0 I'd still be up over 150% of what I've put into the market. I've got enough dry powder to almost get out all that I've put in and be playing with "free money" Not bad for never reading a trading book and learning from my mistakes. I can't wait to see what the next few weeks bring us in WAMU land. :)