Posted:
#1
Good luck this month fellas. It is a day early to start the thread, but thats fine.
November Stock Talk
Posted:
#2
Todays action shows how crazy this market is. Looks like she goes higher barring some terrible news in an hour.
One thing we should consider, yeah there is plenty of reasons to doubt the market, but one positive of the Fed shredding the currency is it creates foreign demand to the markets since people are buying our stocks at a discount. It could explain why the money flow is so strong and every dip is bought strongly.
I will not be shorting into 2 PM today...in fact if they drop it, the play would be to buy unless the verbage from the Fed is terrible.
One thing we should consider, yeah there is plenty of reasons to doubt the market, but one positive of the Fed shredding the currency is it creates foreign demand to the markets since people are buying our stocks at a discount. It could explain why the money flow is so strong and every dip is bought strongly.
I will not be shorting into 2 PM today...in fact if they drop it, the play would be to buy unless the verbage from the Fed is terrible.
Posted:
#10
I agree CC, this ultimately will be viewed as a disappointment, and the broad market I think will decline in the coming days. Try as they might,I don't think the boosters of this old bull can overcome the steady drumbeat of more dreadful news from the housing sector, and much more is to come, or so I think.
Posted:
#11
Quote Originally Posted by KOAJ:
wish i got into PTEC when i posted it last week, was hoping for a pullback but thats dumb.
it goes to 20 in 12-18 months...a great growth play IMO
i should buy it
wish i got into PTEC when i posted it last week, was hoping for a pullback but thats dumb.
it goes to 20 in 12-18 months...a great growth play IMO
i should buy it
I'm surprised your not. I started digging into them as a result of your previous post.
Someday I'll man up and get level 2 service, but it appears there was a series of 1,800 block buys starting around 1:00pm.
Posted:
#12
Vermeer-
I am looking to get short something at today's close, or even earlier, if it appears that the "unwinding of all the hedges" isn't going to keep the broad market afloat.
2 names that I won't be shorting, though:
Yep----FSLR and SPWR
Don't have the balls or stupidity to take those 2 on in a game or liar's poker......my sorry ass would be bankrupted by that machine.
Posted:
#18
claycourt,
I am reading the tape and since the initial drop the sucker has gone straight up.
We should not forget that our currency discount means more foreign demand for stocks..no doubt about it.
Who wants GOOG on a 20% discount? Many foreign investors..thats who.
Now almost up 150 on the markets...
Bad move to short this IMO..
I tried to get some DRYS calls but of course the spread is wide as a truck and I didnt want to pay the ask..
I am reading the tape and since the initial drop the sucker has gone straight up.
We should not forget that our currency discount means more foreign demand for stocks..no doubt about it.
Who wants GOOG on a 20% discount? Many foreign investors..thats who.
Now almost up 150 on the markets...
Bad move to short this IMO..
I tried to get some DRYS calls but of course the spread is wide as a truck and I didnt want to pay the ask..
Posted:
#25
Easy short is right here:
COUNTRYWIDE (you know the symbol)
Price is 16ish. Upside capped at 20ish, downside capped at 10ish. More down than up, IMO.
That's the easy one for me.
I will look to get short it at the close, unless the wind comes out of the sails on broad market first today (and it could).
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