We got a great gift this morning. I just hope people took advantage of it.... This is what we were talking about last evening on the other thread.... panic selling on confusion not news by the weak hands and now a retrace and possibly closing higher if the shorts at .37 truly cover and go hanging in long for a bit...Originally Posted by Brandon Matthews
Bush's whole economic emphasis was tax cuts for the rich which will trickle down to everyone else. How did that work out? LOL.
So some people want to repeat that experiment. Brilliant!
thanks Rick(it's like I'm talking to celebrities here), I took one of you guys recommendation to sell GM last fri. so I had a little cash to play with today(thanks again) You guys are great! I've learned alot the last few weeks, and it's been really interesting watching you guys play. Love the way you care for the DOG!!
Kept putting in day orders for .31, then on friday decided to put one GTC. It executed this morning. It's good to FINALLY get some good luck on this stock . Now I want to see the resistance point in the .40's. Until I see that, I'm afraid these wild swings to near .20's will keep happening. I'm not a chartist, I just know how public perception drives the price of this stock(actually most stocks in the market these days). Just bought some FNM this morning, something I would have never done a couple of months ago. But with the wild swings in the market you know it's going to turn around again,probably sometime this week. Even if Dow keeps dropping tomorrow it will be back to near 8000 sooner rather than later.jmho.
Lloyd,
Now who sound's one sided? Bush's tax cuts worked pretty good until Q4 of 2008. Recessions are a natural part of the business cycle.
Good job entering at .31.... I would have waited for .30-.31 ... but I was focused on the charts last week - and of course there's no way to predict ahead of time we'd definitely get gapped down like today.... but I DID get my block at .32 last week... and that was pretty close to where I figured the bottom would hold....
You hit on a good learning point for the morning- and all the newb's should factor that in if they don't - charts are good - but make sure you factor in the psychology of individual investors.... this morning - across the markets - was simply panic selling/weak hands.... and will vanish like a short-lived fog....
Another good week of consolidation to look forward to - unless we gap up at some point........ or get good news.......
Or the blue dog bites ISEG in the @ss
So this recession was JUST a natural part of the business cycle? WOW!
This Recession is considered the worst one since the Great Depression.
Check into it a little bit Doob.
So everything was honky dory until Q4? Ridiculous Most people would acknowledge that all the bubbles that have caused our present predicament were forming over years.
Please Doob everything was not working pretty good because of Bush's tax cut.
And thats pretty well common knowledge and not some biased opinion and one-sided.
Enough of this discussion. We are obviously coming from a VERY different point of view. I got to get on with my day. It was good talking with you.
Paratrooper Rick.................you asked about some other provocative penny stocks some posts ago. I responded at that time with a rather long post {for me}. It was late.......... and when finished , I tried to post it and it dissappeared. Never got back to you, will now try again. I have invested in DRUG since 2004. I have made more money off of this stock than any other, ever in my portfolio. It consistently trades ignoring the market, has little news, typically no analysts, and has huge spike drops and rises that I trade in the channel. Quite often, several times in one day. Trades on VERY LOW volume, which makes it difficult to trade. Typically, I place GOOD TILL CANCELLED trades and forget about them------ buy .41-.43, then sell at .74 or less depending on availiable long or short term $$$$$ availiable. A lot of my money is in IRA'S, requiring 4 day sits between trades. So usually can't trade it from .42-.55 two or three times in one day, for example. Take a look. Good Luck on your trades. ... killer.
[QUOTE=underway;25307]The auto industry: they make cars that the market tells them to make. They get caught from time to time when market shifts rapidly. They can't react to it fast enough.[QUOTE]
Yes, the high, unionized labor cost that plagued Detroit for decades is being rectified now. They couldn't be competitive with smaller, inexpensive vehicles. Big trucks and SUVs offered a profitable alternative for them. Now they will be on a more even footing with foreign manfacturers.
That was me.your welcome about GM...Dead stock...thanks Rick(it's like I'm talking to celebrities here), I took one of you guys recommendation to sell GM last fri. so I had a little cash to play with today(thanks again) You guys are great! I've learned alot the last few weeks, and it's been really interesting watching you guys play. Love the way you care for the DOG!!
