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Thread: How low can we go?

  1. #1
    zcurzan is offline
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    How low can we go?

    Anyone want to speculate?

    I thought the sell off was a combination of margin calls and stop losses being triggered, but it just keeps continuing down. Loss of investor confidence?

    Now I think it's going to take some kind of merger news to put a bottom on this free fall.

    Kind of rediculous that even with this mornings news of dissenting analysts that Wienkes' opinion has so much sway over the investment community. Especially being that he's been off thus far in all his merger opinions. (30 percent DOJ, DOJ with too crushing restrictions)

    Realistically, I think its going to trend to $1.75 until news hits.

  2. #2
    voogru is offline
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    Money can't go into my brokerage account fast enough to buy more stock.

  3. #3
    zcurzan is offline
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    Yeah, well I bought more when it 1.97 and XM was at 7.95 at the daily lows on the day the report was issued, and it seemed to hold for two days, but now even that is underwater.

    eh, its just money

  4. #4
    voogru is offline
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    Quote Originally Posted by zcurzan View Post
    Yeah, well I bought more when it 1.97 and XM was at 7.95 at the daily lows on the day the report was issued, and it seemed to hold for two days, but now even that is underwater.

    eh, its just money
    If I lose it all, I'll just make more money anyway.

  5. #5
    zcurzan is offline
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    I'm 22, no wife, no kids.

    I can afford to lose a little. haha

  6. #6
    voogru is offline
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    Quote Originally Posted by zcurzan View Post
    I'm 22, no wife, no kids.

    I can afford to lose a little. haha
    I'm 21 myself.

  7. #7
    crfceo is offline
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    A lot of factors at work:

    Arbitrage for starters....

    Bears shorting anything and everything....hey! They're right!

    Money managers closing out the quarter....

    Very few buyers...this thing has taken so long, most people already have sirius in their portfolios...just look at the cnbc game...

    Goldman Sachs...

    NAB....

    Black caucus....

    Tate and McDowell voting against Martin....

  8. #8
    Dlite is offline
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    I don't think it is going down based on news. It is simply too early. The first two votes will probably be leaked before we hear anything else, and those will probably be towards the end of the week.

    As much as I hate looking at my brokerage account, this volatility is a good thing. It can spike in the other direction just as fast as it spiked downward.

    We're almost there.

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