iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Forget this Market

It has a crumbling feeling to it, I sold a bunch of stuff (including solar), and I am now working with a heavy cash position. [[STP]] reports tomorrow, I don’t want any part of it. Forget solar, forget oil, forget this market, but don’t forget to short [[LEH]]

Note: I’m on Vacation.

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13 comments

  1. #8

    CRED just jumped 1.50 in less than 20 mins!

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  2. alphadawgg

    Any respectable momentum player must buy oil stocks. They must!

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  3. RaginCajun

    If I would buy one right here right now, it would be CRED.

    I’m on vacation.

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  4. aristotle

    what a timing to get out, RC. Amazing.

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  5. alphadawgg

    I’m adding to positions after this pullback in oil stocks runs its course.

    Cajun, you are on a roll. The Fly let you use the time machine?

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  6. alphadawgg

    Every sector now getting hammered except for Utes.

    Off to a late lunch. I give up on today.

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  7. Graham

    when do you come back ?

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  8. BUY REW…Fuck LEH & the whole sector.

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  9. Q4

    SOLF, tight stop, small loss.

    Candlesticks do work, sometimes. Shooting Stars…

    LEH is still an ATM.

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  10. DEVILDOG

    Been SHORT since last Friday. Market seems fine to me. You bulls just need to realize that reality is going to win this time and we are going into a multi-year BEAR market. Trade against the LONG term trend and prepare to lose.

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  11. JakeGint

    Hostess Twinkie —

    I’ve got you beat. I’ve been short since November.

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  12. Boruike

    Doesn’t OIL appear to be rather toppy??

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  13. JakeGint

    Vacation boy — you see the zip job on GU this morning? Bounced right off (the top of) an old downtrend line. To the penny, almost, at $14.52.

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