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    All Forums | Investments

    I may be crazy...but I'm starting to feel a bottom is near...

    KOAJ
    Vermeer
    claycourtlesson
    Hawaiiguy
    depeche2
    ...
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    Views: 535
    Posts: 15
     
    KOAJ
    KOAJ
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    Posted: Oct. 10, 2008 - 7:15 AM ET #1

    no idea why, but yesterday afternoon watching cnbc/fox business with neil cavuto (who is great)

    i dont think ive ever seen so much fear and strangely enough, as one of the lead bears on this board im actually starting to not feel so bearish

    ill be looking for capitulation soon, something like 10b shares traded in a day...an drastic intraday V bottom and successful retest of those lows

    i will buy one company, TGT. barring total system failure, TGT will double in 3 years following the capitulation

    -am i crazy?
    -anyone else not as bearish as they were a month ago?
    Reply
    To remove first post, remove entire topic.
    no idea why, but yesterday afternoon watching cnbc/fox business with neil cavuto (who is great)

    i dont think ive ever seen so much fear and strangely enough, as one of the lead bears on this board im actually starting to not feel so bearish

    ill be looking for capitulation soon, something like 10b shares traded in a day...an drastic intraday V bottom and successful retest of those lows

    i will buy one company, TGT. barring total system failure, TGT will double in 3 years following the capitulation

    -am i crazy?
    -anyone else not as bearish as they were a month ago?
     
    Vermeer
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    Posted: Oct. 10, 2008 - 7:44 AM ET #2

    At last report, the Man in the Bunker was getting optimistic.

     For myself, I cannot see it.But I do not need to spot a precise bottom.

     Anytime I feel the glimmer of optimism, I manage to spot an oaf like Hoyer, Frank or Pelosi, and realize that they are supposedly the ones charged with figuring out the very problem they helped create (and did not recognize months into the meltdown).

      I hope you are right.

     The only positive sign is falling oil prices.That is it.
    And that is not enough.
    Reply
    At last report, the Man in the Bunker was getting optimistic.

     For myself, I cannot see it.But I do not need to spot a precise bottom.

     Anytime I feel the glimmer of optimism, I manage to spot an oaf like Hoyer, Frank or Pelosi, and realize that they are supposedly the ones charged with figuring out the very problem they helped create (and did not recognize months into the meltdown).

      I hope you are right.

     The only positive sign is falling oil prices.That is it.
    And that is not enough.
     
    claycourtlesson
    claycourtlesson
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    Posted: Oct. 10, 2008 - 7:46 AM ET #3

    Agreed, man.
     
    There is so much fear and panic right now.
     
    There are also MASSIVE short positions sitting on MASSIVE gains------they're looking to take profits.
     
    Have no idea when or if, but what could touch off a short covering "panic" is any yakkety yak about "credit moving again" which will be fanned by media touts.
     
    Would be short term trading only, cause I think it's early next year when the reality sets in.
     
    We are close to a little rally for a while.
    Reply
    Agreed, man.
     
    There is so much fear and panic right now.
     
    There are also MASSIVE short positions sitting on MASSIVE gains------they're looking to take profits.
     
    Have no idea when or if, but what could touch off a short covering "panic" is any yakkety yak about "credit moving again" which will be fanned by media touts.
     
    Would be short term trading only, cause I think it's early next year when the reality sets in.
     
    We are close to a little rally for a while.
     
    claycourtlesson
    claycourtlesson
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    Posted: Oct. 10, 2008 - 7:49 AM ET #4

    However, the more peeps talk of "capitulation," the less likely it is to occur.
     
    Similarly, the more peeps trying to time a bottom by "jumping in"----it'll never happen.
     
    Those are the negatives.
     
    Can never go wrong with value investing if you can find value----always works over the long haul.
    Reply
    However, the more peeps talk of "capitulation," the less likely it is to occur.
     
    Similarly, the more peeps trying to time a bottom by "jumping in"----it'll never happen.
     
    Those are the negatives.
     
    Can never go wrong with value investing if you can find value----always works over the long haul.
     
    KOAJ
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    Posted: Oct. 10, 2008 - 9:30 AM ET #5

    maybe its confirmed...have some trader friends who are running screens on the widest held hedge fund owned stocks to find who will rebound the hardest when we do

    also, next door (office) another resident bear is feeling a bit chipper today as well

    strange times
    Reply
    maybe its confirmed...have some trader friends who are running screens on the widest held hedge fund owned stocks to find who will rebound the hardest when we do

    also, next door (office) another resident bear is feeling a bit chipper today as well

    strange times
     
    Hawaiiguy
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    Posted: Oct. 10, 2008 - 9:41 AM ET #6

    You could be right.....
     
    I am more on the side that a bounce is coming but not necessarily a bottom.....
     
    We could see a bounce and several more years of slow decline to newer lows imo.......
     
    We just have to capitalize on these moves......
    Reply
    You could be right.....
     
    I am more on the side that a bounce is coming but not necessarily a bottom.....
     
    We could see a bounce and several more years of slow decline to newer lows imo.......
     
    We just have to capitalize on these moves......
     
    depeche2
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    Posted: Oct. 10, 2008 - 9:43 AM ET #7

    I think that roughly 7900 was the bottom
    Reply
    I think that roughly 7900 was the bottom
     
    KOAJ
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    Posted: Oct. 10, 2008 - 9:58 AM ET #8

    i lived this 8 years ago with the nasdaq...margin call selling begat more margin call selling and so on

    some day it will end...then we will have massive buying by longs forcing shorts to cover and push up 10-15% in 1-2 days

    no joke...its coming
    Reply
    i lived this 8 years ago with the nasdaq...margin call selling begat more margin call selling and so on

    some day it will end...then we will have massive buying by longs forcing shorts to cover and push up 10-15% in 1-2 days

    no joke...its coming
     
    KOAJ
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    Posted: Oct. 10, 2008 - 10:02 AM ET #9

    d2 - a bottom is not a number...its a feeling, or someone willing to stick their head out from the sand and not have it chopped off in 30 minutes

    others will follow
    Reply
    d2 - a bottom is not a number...its a feeling, or someone willing to stick their head out from the sand and not have it chopped off in 30 minutes

    others will follow
     
    wallstreetcappers
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    Posted: Oct. 10, 2008 - 11:04 AM ET #10

    To me the bottom might be if they sell this market down again to the lows today, open it sharply lower and run it positive.

    Or today if they run it positive after being down almost 700.
    Reply
    To me the bottom might be if they sell this market down again to the lows today, open it sharply lower and run it positive.

    Or today if they run it positive after being down almost 700.
     
    claycourtlesson
    claycourtlesson
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    Posted: Oct. 10, 2008 - 11:31 AM ET #11

    WSC-
     
    It's either today or Monday.  If this selling stuff goes on in to Tuesday of next week, then the world is ending.
     
    And that won't happen, cause it'd be too easy.
     
    Way it goes.
     
    The real pain comes in December------pink slip time.
    Reply
    WSC-
     
    It's either today or Monday.  If this selling stuff goes on in to Tuesday of next week, then the world is ending.
     
    And that won't happen, cause it'd be too easy.
     
    Way it goes.
     
    The real pain comes in December------pink slip time.
     
    LeRinkRat
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    Posted: Oct. 10, 2008 - 3:19 PM ET #12

    i lived this 8 years ago with the nasdaq...margin call selling begat more margin call selling and so on
     
    then YOU should of all people realise that there will be hundreds if not thousands of "sold stocks" that will either disappear or never recover from this wreck just like many high flyer tech and internet stocks back then.
     
    you may get a tradeable rally but the overall trend is DOWN.
    Reply
    i lived this 8 years ago with the nasdaq...margin call selling begat more margin call selling and so on
     
    then YOU should of all people realise that there will be hundreds if not thousands of "sold stocks" that will either disappear or never recover from this wreck just like many high flyer tech and internet stocks back then.
     
    you may get a tradeable rally but the overall trend is DOWN.
     
    LeRinkRat
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    Posted: Oct. 10, 2008 - 3:22 PM ET #13

    sorry, "sold stocks" should be supposedly "SOLID stocks"
    Reply
    sorry, "sold stocks" should be supposedly "SOLID stocks"
     
    KOAJ
    KOAJ
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    Posted: Oct. 10, 2008 - 3:30 PM ET #14

    agreed rink...the trend is down

    no bottom yet, but i rally is coming. i also expect hundreds of banks and companies to go under

    get the bad capital out, consolidate and move forward
    Reply
    agreed rink...the trend is down

    no bottom yet, but i rally is coming. i also expect hundreds of banks and companies to go under

    get the bad capital out, consolidate and move forward
     
     
    Gridophiles
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    Posted: Oct. 10, 2008 - 7:44 PM ET #15

    Good luck KOAJ. 
     
    I've been averaging down in UYG since it hit $14 with my Vegas fun money.  I fired my last bullet last night AH to get my average pps down to $11.  So you'll either find me at a Bally's $25 BJ table come the NCAA tourney in March, or a $5 table at Imperial Palace (yikes).  Either way, it's a quick trade for me, I won't get too greedy
     
    Watch HBAN, anything under $7 is buy.  Doesn't matter if you go long or trade this symbol, it's a money maker.
     
    Cheers.
    Reply
    Good luck KOAJ. 
     
    I've been averaging down in UYG since it hit $14 with my Vegas fun money.  I fired my last bullet last night AH to get my average pps down to $11.  So you'll either find me at a Bally's $25 BJ table come the NCAA tourney in March, or a $5 table at Imperial Palace (yikes).  Either way, it's a quick trade for me, I won't get too greedy
     
    Watch HBAN, anything under $7 is buy.  Doesn't matter if you go long or trade this symbol, it's a money maker.
     
    Cheers.
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