BurntOnce Posted December 9, 2020 Report Share Posted December 9, 2020 dire impending cuts by cities portend very tough times ahead. this looks like a good time to sell profitable holdings as the news gets uglier by the day.. Link to comment Share on other sites More sharing options...
FranciscoTheMan Posted December 9, 2020 Report Share Posted December 9, 2020 We've really only unwound the last week of gains, but it sure looks like hell. Link to comment Share on other sites More sharing options...
Jorma Posted December 9, 2020 Report Share Posted December 9, 2020 Our here in West Michigan things are humming along commercially with factories busy and plenty of construction, even factories. Lots and lots of trucks of all kind on the roads. After all if you have a pulse and a corporation you can get a business loan. I can't imagine being turned down for a loan now. They can't keep gas over $2 here so $45 oil is stupid. By the way across the ticker last week about some driller, fracking, announcing a new agreement for unsecured credit. Even though secured loans by energy companies is already like $39 billion in bankruptcy proceedings this year. Ah capitalism. Making the same damn mistake. Pouring money into drilling holes in the ground for something we don't need to sell at a loss. We are so screwed. Link to comment Share on other sites More sharing options...
DrStool Posted December 9, 2020 Author Report Share Posted December 9, 2020 Well, didn't I get beat like a red headed stepchild today. Link to comment Share on other sites More sharing options...
DrStool Posted December 9, 2020 Author Report Share Posted December 9, 2020 I have 3 shorts, no longs. Likely contrary signal considering how I've been doing today. Link to comment Share on other sites More sharing options...
DrStool Posted December 9, 2020 Author Report Share Posted December 9, 2020 And there's your buy signal right on the button. Link to comment Share on other sites More sharing options...
DrStool Posted December 9, 2020 Author Report Share Posted December 9, 2020 Going toward the bell with a 5 day cycle projection of 3660, which was done earlier. Dare I point out that this morning's projection was completely bogus. That happens typically at the tail end of a move, so maybe this is a reversal. Link to comment Share on other sites More sharing options...
DrStool Posted December 9, 2020 Author Report Share Posted December 9, 2020 Now down to 2 shorts. Took a small profit on one that I put on yesterday and held. It wasn't one of the ones that got clobbered. Link to comment Share on other sites More sharing options...
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