That QQQ will probably dip below $ 50., but then some news event, or BS from Bernanke could rally it back up again, and that the problem these shorts will be dealing with in short order. Stocks are getting cheap, and probably will get cheaper, but at any time some news could propel them for a day or two.
I know it is getting tiring to watch this each day, so much money being subtracted from the marketplace, it effects someone.
So many more stocks are joining my sub $ 5.00 list, and like AMR today, and EK of last week, getting close to being something we all once knew, but now dosen't exist anymore, what ashame to watch this happen on a daily scale. Some might say it was bound to happen, and some might say that the strong will survive, but to watch so many corporations go away cause of the problems that occurred by the big financial institutions is simply wrong.
Maybe these young protestors are on to something. So many stocks look like they will be the next AMR and EK, it just might take a liitle while. I see no bounce at all, no thing, now manybe Bernanke will rally the troops tomorrow, but I doubt it will last very long, or for some just another opportunity to sell the gain.
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