Market Watch for week of July 20, 2009

[Sean]

hey dave lol your going to laugh but my original plan was "omg this going to be easy money" my plan was to buy on day 2 and sell at the morning gap on day 3 at .002, but it happened sooooooo fast, like literally 5mins it hit .0019 and then boom .0012, lesson learned though as always.
also learned lessons with mglg and bcle.
jumping right into the stock market with real money i think was the best way, and luckily i got to learn alot before my stocks did well (this/next week going to be soo exciting) (if they just shot off right off the bat.. i don't think i would have learned as much and probablly would have been dumb in my next trades.

lol yea i like dave's posts too bill, i always read them a few times over, or copy them to remember them.

[thetree]

Looks like a nice gap up for MGLG this morning. I actually didn't expect that.

[atmgeek1]

MGLG...moving up in pre .0011

[thetree]

Around 6/14-6/16 we had a couple of 2 billion days which traded in the range of .0014-.0016 (ish) . Now I am assuming there are still a lot of people holding in that range. Does this mean that it is a level of resistance or a level of support? Seems like people holding there who saw the last couple weeks might want out (resistance) but they might also hold strong in search of better profits (support). Can someone shed some light on the "proper" way to read this situation?

[billhart22]

Bill

Thanks again for priming the pump. But next time...give me alittle more warning...I want to load up before you exit next time!hahahahaha

Can vegetarians eat Salmon? Sounds kind of fishy too me!!!funny...laughter!

Sounds like selectivevegetarianism too me!

Ya, it is. I am 98% Vegan, but about once every couple of months I eat some fish for protein. I don't have a religious take on vegetarianism. I eat sushi or some tuna. I haven't eaten red meat in a couple of years. I eat cheese and yogurt sometimes. It is just a personal preference. I love big raw steaks and such, but don't eat them. When I used to eat a steak, I loved them barely cooked and bleeding. I also loved potatoes with about half a cube of butter on them and salt. So go figure. I love crab and salmon, but only eat them sometimes. Lobster...OMG..

[billhart22]

NITE had a 40%+ growth in EPS this quarter. I wonder why?
I wonder if I should join them.

NITE is Satan, lol!

[billhart22]

MGLG...moving up in pre .0011

It will be interesting to see where this goes today..the MM's were pretty tough yesterday afternoon, but if it grows at a natural rate it will be good. The spikes are a quick rush, but tend to fall faster when they peak. I could go for a few days of growth.

[billhart22]

Bill

off-topic...Our boy was in prime form tonight...Spoke for 30+ minutes...said absolutely nothing...Didn't know whether to laugh or cry!

It was pathetic, comrade!

[thetree]

yeah 175 million in the first half hour. I dont think 1 B is out of the question today. we only missed by 3 million yesterday and the PR didnt hit until 1pm.

[atmgeek1]

Around 6/14-6/16 we had a couple of 2 billion days which traded in the range of .0014-.0016 (ish) . Now I am assuming there are still a lot of people holding in that range. Does this mean that it is a level of resistance or a level of support? Seems like people holding there who saw the last couple weeks might want out (resistance) but they might also hold strong in search of better profits (support). Can someone shed some light on the "proper" way to read this situation?

I think it depends on if/how we get there. Right now i see it as resistance, but if we can break through it and hold it will turn into support. When we were at .0011 for the longest time it looked/acted liked support but then it turned into resistance that I think we are seeing now. I am not the techinical guru most of these guys are so lets see what the other guys think. Great volume so far though!!