This is stupid already.
If the market doesn’t hold these levels, we’re doomed.
The market has to hold these levels, else the whole kit and caboodle will start to unravel.
RIMM will be $80. VMW will be $60. AAPL will be $120.
The nasdaq will lose all of its gains for the year.
Although it’s a Friday, I expect to see big volatility today, as bullshitters and beatshitters battle to the death, or 4:00pm.
With my money, I sold out of GRMN, but did not buy RIMM, yet.
Granted, it’s a falling knife and looks like it’s heading seaworthy. Nonetheless, every once in awhile, I like to look at the underlying business–when deciding what to own.
RIMM is still expanding the business, better than anyone in the mobile space.
Today’s losses are being spearheaded by precipitous drops in Chinese related names. Once again, FXP (China double inverse) looks like an easy play–until it isn’t, naturally.
On the short side, I can’t find anything worth initiating. There is a lot of pile on action taking place. It feels like a trap.
Call me crazy, but I think the next 300 points is up, providing we hold these levels, of course.
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Again. IWM says it all.
Fly,
Agree with you finally… now is not the time to initiate shorts. We need another “bull trap” rally like the one we got on Tuesday to make that a good play. Next week should provide that opportunity as there will be no volume… the markets will probably trickle higher.
-DT
Stocks are gay.
(K)ass went long this morning…..says he took his cue from a down VIX.
I don’t disagree with that assessment Fly or DT.
However, when no one is buying, and people are scared to short for fear of a trap, then it leads to the market falling further.
Why? The only action is selling (not short sells), and it feeds itself. The longs think, “Well hell, things are getting cheaper, so I’ll wait.” The shorts think, this is a trap, and they fear a snap back rally. They don’t short, so there is not a significant amount of covering to provide a floor.
Eventually this can lead to a severe flush, if allowed to play out.
some stocks are firming up & no longer dropping … signs of a bottom
Here is the question which happens first?
C= $29
Bac= $39
STeVie is a sissy.
Juice is Bilderberg I knew it…
Broker , do something; XFML is MVIS’ing us.
I’m bearish medium term… I think we have a bad winter. That said, I think short term, like next week, we bounce up to 1470 on the futures and churn around there until the bears come back again or until ‘the next shoe drops.”
Lots of money to be made building a good shoe rack, incidentally.
-DT
QQQQ fifty pin…who would have thunk…burn burn burn into the night.
Juice is not Bilderberg.
Bilderberg is Bilderberg.
He’s an asshole.
Fly you still munchin on the shit sandwich XFML or you throwing some up?
Granma … go break a hip or something
Old Man:
I just completed the buyback of the shares I sold , prior to earnings.
Fucking pigshit stock.
oh my….I dropped another shoe…my dryer prints socks, but I have no shoes.
Stupid fucking bankers.
Juice, on an hourly chart if XFML can close above 6.73 on the current candle your prayers to the broker god may be answered.
Oh, my scrotum drags on the ground from the Market, it works like a third wheel to avoid falls.