Originally Posted by
Big Ben
Markets are about to get cranked. The bears are going to make the buy and hold crowd test their fortitude. I hope the general investor remembers that March 6th was the low and we have done nothing but climb ever since. Markets don't work that way, up and down they go. This market is so over cooked its scary. I was calling for down 6300 before dow 9000, I was very wrong on that one....does not really matter when your holding all cash. I started a position in BAC, XLF, C on Friday only to hedge my short positions, FXP, DOG, FAZ. I fully understand I am chasing the tape on those plays, the first three. Five years out BAC, C, F will be fine but in the short run I have a hunch I will be dollar cost averaging on those plays. I also sold my last 5k of siri on Friday for .7c. I am waiting on the pull back or a market crash...call it what ever you want. We will see the .5 handle again, don't get it twisted there is still an enormous short interest out there, but I do agree with Obone, Relmor, this stock is trading different and the shorts are not in control anymore. I believe the big short squeeze has not happened yet, that will be the payday with this pig, not .55-.77 in a week....that is free cash to any takers. GLA. Shave all positions with a gain or be the ahole left holding the bag. I have a hunch wall street is going to make main street remember this game is for the pros and you can and will lose principal.
Big Ben the Bear!