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Fear

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Posted: #26
Quote Originally Posted by depeche2:

Guys, gimme some unreasonable beaten down names to scoop up now at a bargain....

I nibbled the other day on DRYS at 2.20, another name or two I added but I am not interested in buying up here given the overhang (Europe, our economy etc).

This still is thin trading manipulation..I dont see fear at all.
 
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Posted: #27
Still dont see fear..I hear some yacks on Bloomberg talking about fear and time to buy etc..I just dont see it in how the market is trading.

Fear levels are not even half of their year highs, let alone during the crash..


 
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Posted: #28
everyone is acting like the world is coming to an end
 
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Posted: #29
Not fear yet.

Fear is the 2008 drop where nobody dared buy since it was going lower. Some on this very board were claiming 2-3k on the DOW.

When nobody wants to buy and every single day the market gets creamed on BIG volume, that is fear.

Another example is after 9-11 where they pounded the hell out of the markets for what seemed like weeks..the media tried to rally big names to prop the market yet it still fell. That is fear.

This is nothing..not even close.
 
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Posted: #30
What do you think happens if the dow goes below 10,000? Does it continue? If so to what 7500 range?
 
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Posted: #31
Quote Originally Posted by tep:

What do you think happens if the dow goes below 10,000? Does it continue? If so to what 7500 range?

I dont think there is much long term value above 7500. That doesnt mean they cannot trade it to 12k again, I just wont be buying much for long term holding in the general market at current levels.
 
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Posted: #32
Okay with that said what are you looking for out of DryShips?  $6.50 range or do you think, even though it is considered a transportation stock, it could reach $45 range as most oil drillers seem to be?
 
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Posted: #33
Quote Originally Posted by tep:

Okay with that said what are you looking for out of DryShips?  $6.50 range or do you think, even though it is considered a transportation stock, it could reach $45 range as most oil drillers seem to be?

Not with their float, my basis is low and I am not looking for a great deal in the near term.
 
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Posted: #34
I see thanks
 
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Posted: #35
Today is another example of fear not existing.

Fear isnt to drop 4% one day and go up 3 the next.

Fear is to be up 3% and reverse and pound the hell out of the market down 5%.

I also read the biggest jinx indicator again yesterday, the spooooky "death cross" SPX chart reared its head. Last time we had the death cross mentioned the market went up 2000 points.

 
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Posted: #36
anyone have any thoughts on if the market will drop again 2moro?  I think it will go up another 4% tomorrow, because people are thikning it drops back down 4% tomorrow.  Therefore, I am not cashing out until end of day Friday on my stocks before I re-buy.
 
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Posted: #37
FAZ down another 20% today, just lunacy how they are pumping the market with zero news.

Hamptons trading in the extreme.
 
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Posted: #38

it's the "Minnie Mouse Divorce" market, walls.

FUCKIN' GOOFY!!!

 
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Posted: #39
I threw 2500 bucks at FAZ today at 55, I didnt expect they would hit it so quickly in the morning, but lets see if I can catch a 25% return over the next few days.

 
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Posted: #40
You guys still think we didn't hit bottom and will re-test last week's lows?  Seems like the market bottomed right around when this thread started.
 
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Posted: #41
Quote Originally Posted by depeche2:

You guys still think we didn't hit bottom and will re-test last week's lows?  Seems like the market bottomed right around when this thread started.

Isnt that the truth.

I didnt see fear then, I of course dont see it now. 

Bottoms are made on fear, not thin volume based HFT trading.
 
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Posted: #42

where there's fear, there's greed waiting to take advantage of it.

 

 
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Posted: #43
Quote Originally Posted by UberDog:

where there's fear, there's greed waiting to take advantage of it.

 


For those with fresh powder. Until the big money is selling in unison there is no fear and there is no bottom (to me anyway).
 
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Posted: #44
Down big again today but so far I have seen bottom testing and some bounces..not a ton of fear out there.

Numbers were bad news, I dont see what is holding back more selling.
 
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Posted: #45
And as expected, they buy the market off the last hour..100 pt move from the bottom in the last 10 minutes.

No fear..
 
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Posted: #46
Quote Originally Posted by wallstreetcappers:

And as expected, they buy the market off the last hour..100 pt move from the bottom in the last 10 minutes.

No fear..


Probably a bet on action like last week.  Zig-zag big down big up day after day.  I'm guessing market is up 1%+ tomorrow.
 
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Posted: #47
Quote Originally Posted by depeche2:



Probably a bet on action like last week.  Zig-zag big down big up day after day.  I'm guessing market is up 1%+ tomorrow.

Agree although there might be Euro issues..and are there payrolls tomorrow?

Those fed numbers were awful, some under current stuff developing.
 
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Posted: #48
Another day, another NAZ move up 3% on zero news.

These swings are psycho.

 
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Posted: #49
 
 
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Posted: #50
Anyone who's been buying the dips and selling the rallies the last month has been making out like a bandit. 
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