iBankCoin
Joined Jan 27, 2008
7,290 Blog Posts

Charts Lie

Numbers don’t, well sometimes they do.

When looking at a chart of the Dow Jones, coupled with Charlie’s annoying voice, we were bound to bounce, and we did.

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However, do you really think it’s up from here? I mean how many times can you replay the same rumor. In my opinion, support will be broken around 12,000, and when that happens, you don’t want to be long. The race to zero continues.

Note: Consider this your 2nd chance to get flat or short.

Note II: If you’re looking for a stock to get long, check out GEOY

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iBankCoin

….and so do you, if you’ve been following along.

Let’s go over a few positions made popular by The Fly:

[[SKF]] [[FXP]] [[SRS]] [[SMN]] [[DUG]]

Fly must be having a great day, I know I am. No back to our regular scheduled recession.

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Race to Zero

You had your chance yesterday to short. Now deal with it.

Lets have it out:

[[VMW]] to $20

[[GOOG]], [[BIDU]], [[ISRG]], [[GS]] going down to $50– today

[[BWLD]], [[NVDA]], [[C]], [[WM]], [[JPM]], [[LEH]], [[BSC]], [[ETFC]] and everything else– to zero– today.

“Life is mostly about choices and stupid people. When the two are combined, one ends up owning stocks.” – The Fly 2007

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