Looks like a gap up Brandon. Way to call it.
Looks like a gap up Brandon. Way to call it.
.39 high.......
.39!!! Go Blue Dog! We might actually break thru today.
boing boing boing here we go again, but why are we bouncing off .38 like we did .40? Is this a sign that were headed down down down? I might take my .287 off the table and see where we land...
This economy is in rough shape. If you have profits, take them. The MSM wants you to believe things have changed. Nothing has changed! Housing will take two years or more to recover. The stock market will test its lows again. The media is reaching for anything positive. Nothing has changed except market psychology. I sold 10k of siri today .38 leaving me with a 3/5 position, and if we break through .4 today sell 10k more. We will get slammed again and be able to buy in at the .29 range.
I run a Mortgage Servicing company and my business is slammed. Grass cut season starts in April and my boss told me get ready! I cover about 10 counties in SC along the coast and the amount of inventory (condos=12k, single family homes) is staggering. It was only a few months ago we were talking depression, now its all better! Don't believe the hype.
Last edited by Big Ben; 03-25-2009 at 10:00 AM.
I would not fight the rise right now until we get a big breakout on high volume. We could get to .42 - .43 by the end of tomorrow and that is where the wall was last time. If it holds there, then we are looking at a big % move to the mid .50's on big short covering.
Back in the office...Ski time is over...I tell you, nothing better than driving through the mountains with the Sirius radio cranking away!
Stock is looking good!
Is it time to take some profits??