I've been watchin Bloomberg and reading feeds all weekend. Usually, you can get a feel for the market open. I ain't getting anything!
The futures have been trading in a +25/-25 range and each time I have seen that, the market is sideways. It will wait and react at the drop of a news story ............One way or the other.
There has been some decent reporting over the weekend on SIRI. Nothing negative is what I mean by decent. There should be a gradual increase in interest as a result of the SP move up. This should bring in buyers at the current level and they will chase it a bit but not too much until we get some calls from some rater saying it's a market outperform or something nice.
Buyers are scared. Don't blame them. Volumes are low and that breeds volitility.
I can't say Monday will be good, but as the week goes by we should see a volume increase and more buyers coming in to speculate.
Nothing is as it was. Most of the trading money is on the sidelines. It will take a good three day rally to bring some of it back. I anticipate a rally soon. I positioned what I had left on friday. (Financials, Industrials)
Friday the 13th is usually a damn lucky day for me. Hope I did not call the bottom of this range cycle too soon. (but I always say that and often do)
I think once the call shows that we can still post some growth without the auto market we will get a nice bump but until then I don't see us getting above .20..
Do you guys think the churn stays the same or what?
Alright Rick. In this scene, you will be playing the stock price after the merger as you freefall towards earth... And because we have to make it believable, we cannot allow you to wear a parachute...Originally Posted by Paratrooper Rick
Ready....
And ACTION!