Investors are brooding over this market, on strike, selling everything but FB, CSCO and ANF. I had intentions of participating in a joyous rally today. But it appears my emotions, seemingly enough, were misplaced.
I should be ceremoniously burying this market, declaring it dead, then moving on. Hope keeps the sucker fighting for life, when in fact it is nothing more than an exercise in futility.
I’m rooting for stocks, from a distance, and hope FB can really “save the day.” But we all know what this type of trading action portends and it has nothing to do with cocaine gorillas.
In the meantime, I am researching WNC, another Chuck Bennett winner–and how an upgrade cycle might push the shares to $16. I’ll check in with you later on today, just to see if you’re breathing and if the market has destroyed whatever sanity remained in your person.
http://www.youtube.com/watch?v=ERQzl4xDpXk
If you enjoy the content at iBankCoin, please follow us on Twitter
FIG
DG and MCD
Wabash is trash but sometimes shit floats. I expect it to trade back to $10ish though
Couple hedgie guys on the Twitter stream have been all over WNC for months. DM me if you want details.
Perhaps you should DM me, as I am the one with the details.
lol
Who dat on the twitter?
Beware Hoosiers hauling truck bodies, brave Hamlet!
________
(And by that, I mean the Shakespearean character, not a small medieval town in South Saxony).
________
But Fly… research shows that cocaine gorilla population is increasing!
http://www.treehugger.com/endangered-species/mountain-gorilla-population-up-12-percent-past-two-years.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+treehuggersite+%28Treehugger%29
1370.60 on the S&P broke, for me I’n short via futures a close below this makes me think a swift move to the downside is in store, we get back above 1370.60 I’ll cover and get long for a trade.
InandOut, We caught support like we talked about at that 1365ish level, this will give a chance for the bulls to show me what they have. IMHO key is the aud/usd, it needs to break that key support I mentioned at my website today, its 1.03683is I think???…anyway, Here was are discussion I am talking about…repost..inandout says:
November 13, 2012 at 12:34 am
1374.50/1365.50 for S&P E Minis if you happen to trade them
Reply
Trading_Nymph says:
November 13, 2012 at 2:29 am
Bobby, We just have to be careful about those darn clams, hey EU is delaying the approval of Greek money..fwiw…tonight……Inandout, I have a Nymph Version of Fibo, there is a little support in the 1365ish range..but all of this is so airy, we can fall fast and hard to 1260ish..Europe GDP data later this week..could get wild, I hope.
Reply
Been mostly trading the shortside scaling out each pip down since we broke had to cover rest a couple times then went short again each time we broke 1370.60 scaling out each point or two down. It’s been fun but is tiring.Well you know how I trade.
I’m going to look into the aud/usd thanks.
Of course a unexpescted coke party could change things, but trading quick ones around specific figures is what I do best, It lacks any excitement or homeruns but adds up quick. Trading like a Munich (no balls)lol.
Just closed my position out and going to take a nap, hope all is well with you TN.
Always Well InandOut..one massive bubble that looks like it is finally going bye bye.
bottom is in for the week
Is this Ozzie Joe?
____
May need to back-and-fill, but the chicken is alive.
The rally is coming. Isn’t it guys? Preeeeeze.
Israel Bombing things is supporting Oil, But Mervyn King Clam cut the coke out of England last night. Tonight the dog and pony show of the new China Govt continues..imho, no coke from them either.
VXX BUS IS LOADING
I looked into WNC and was confounded by their willingness to re-lever the balance sheet coming out of a near bankruptcy situation in 2008-2009. I’m wary of a management team that doesn’t learn from mismanaging its balance sheet in a cyclical business.