Originally Posted by
Big Ben
Today is looking to be the 1st down day after the rest of the world has moved down. I call it the trifecta. Yesterday, Asia, Europe and the US markets were down, last night the Asian markets followed the US. Europe followed suit overnight and it is showing up in the premarket for the US. What TF does all this mumbo jumbo mean, in reality probably nothing, in the Steelers locker room it means everything to Big Ben. The markets are way over bought and I still believe we are in a bubble. Every piece of economic data pricks another hole in the bubble. This economy has been propped up by the government. 2/3rds of the GDP is the shifting of inventory, nothing more. Now that we have a little current events 2day history, what do we do to make some cash, realized cash...Havashank. Yesterday we had two huge opportunities to pick off FAZ and FXP. Look at a two day graph with volume. Its very clear what is going on with these stocks, when FXP crosses the 9$ mark, money comes in, clearly. FAZ does the exact same thing around 18.5-18.75...these stocks are both screaming buys! Please someone buy a hundred shares and start a position that is contrary to all of your long positions. You can make money on down days, trust me. Both stocks are up in premarket and are still safe to buy at these levels, they will run up a nice % today and with the job report tomorrow, 10.1% unemployment it will run up tomorrow. The report that just came out is going to smack the longs in the face. The report tomorrow will be the uppercut the shorts are looking for. Good luck.
As for SIRI it will pull back with the rest of the market, down .015 already. For most on here, nothing gained nothing lost eh? ? The next time this stock spikes to mid .9s will anyone shave shares, probably not...stiffs. This stock is far from dead money now, its a traders stock now. I made a quick realized 100$ on my move the other day, unfortunately that is more than most buy and holders. Do pigs fly is the ?, not sure but they sure do sink when they are thrown into water. Good luck today...can we see a .7 handle in the next two days...I do think so. Protect your stack because the big blind will take your money if you let him.
Big Ben
I purchased a mifi hot spot from Verizon, neat little thing, I will be on my laptop all day going forward. If anyone cares about my short swing trade, I can help you, just ask.