GregFokker Posted March 20, 2003 Report Share Posted March 20, 2003 Wish I was sunning my hide in Hawaii like Mark, our no doubt inebriated, tanned and fearless leader. Stoolies, take it away! Link to comment Share on other sites More sharing options...
anjing bau Posted March 20, 2003 Report Share Posted March 20, 2003 This market is moving very quickly ... it is no place for the average investor. Lets say you are a position trader. Your window of oppurtunity to position yourself Dong started last Wednesday with the 789 low on the SPX. By the time the average guy gets his nerve up to go Dong he is entering the trade with the SPX already @ 840+/- ( assuming he disbelieves the wednesday action and watches the thursday action before deciding to pull the trigger late thursday/ early friday) Now the CIT turned last wednesday and the selloffs are now being met by the dip buyers ... that is why this morning when the Dow went south you had to close your shorts and stand back waiting to reshort the rally or go long like that ballsy son of a gun over in Hamsterdam!!! It won't be until the CIT turns again that the dip buyers will fold up. Selling in the opening hour during a IT uptrend represents joe sixpack selling to MR MKT Maker! Market timing and Trend change identifiacation seems to be the order of the day. Best wishes to all traders out there... and to new students of the art of trading keep track of your charts and learn your lessons well Link to comment Share on other sites More sharing options...
anjing bau Posted March 20, 2003 Report Share Posted March 20, 2003 Markets up 7 days in a row .... on lighter volume. Lets look for a 9:30to 10:30 rally in the AM... that will be the point A Link to comment Share on other sites More sharing options...
mjkst27 Posted March 20, 2003 Report Share Posted March 20, 2003 What's CIT? Change in Trend? Link to comment Share on other sites More sharing options...
Guest bidhitter Posted March 20, 2003 Report Share Posted March 20, 2003 We could have seen close to the cycle highs with the first top being day 2 and second top today. This is on Nasdaq. We did last cycle starting 1/02. Take a look. Day 9 was high then. Today was day 7. Dow and S/P are out of control with out a pullback day an getting off the maps here. As long as S/p holds 857 and Ndx 1060, this thing is in buy the dip mode. Note that Nasdaq has kissed the t/l from high's in Nov, Jan and today....and daily Ds stands at 96 right now! Link to comment Share on other sites More sharing options...
Sphinxter Posted March 20, 2003 Report Share Posted March 20, 2003 Stephen Roach of Morgan Stanley is my kind of economist. He says "US investors pop champagne corks too early" "It is truly an extraordinary leap of faith for investors to conclude that American military supremacy will lead to the perfect victory -- an outcome, which can then be seamlessly translated into economic and financial market vigor," warned Roach. The US economy had slowed to "stall speed" of just two percent growth, Roach estimated, forecasting real gross domestic product expansion of 1.2 percent in the first three months of 2003. Again, the funnymentals are simply unavoidable. You can jam, you can prop, you can shimmy and squirm, but there's only so long you can dodge the truth. Hey Al! This things going down and it's got your name on it! Way to go! P.S. please leave gold alone from here on out, or I will get testy. Link to comment Share on other sites More sharing options...
FeedFool Posted March 20, 2003 Report Share Posted March 20, 2003 Hhhmmmmmmmm................... 8 days up will give me something to chew.................. Link to comment Share on other sites More sharing options...
Guest RiffRaff Posted March 20, 2003 Report Share Posted March 20, 2003 INTU just gave a nice warning, down $7+ AH. Link to comment Share on other sites More sharing options...
phatbubble Posted March 20, 2003 Report Share Posted March 20, 2003 dis market be gonna be some lot mo' fun when it gits goin in da right direcshun. fokka' - dat opera crashed mah shit too. goodnight y'all, i is takin da night off to git mah balance on. [ jive ] Link to comment Share on other sites More sharing options...
Guest Posted March 20, 2003 Report Share Posted March 20, 2003 INTU just gave a nice warning, down $7+ AH. Will be up tomorrow on news that OBL was spotted riding a donkey south out of Baghdad. Link to comment Share on other sites More sharing options...
soup Posted March 20, 2003 Report Share Posted March 20, 2003 The war is masking a lot of very negative economic news. I guess that was the plan? Link to comment Share on other sites More sharing options...
longOnUranus Posted March 20, 2003 Report Share Posted March 20, 2003 Bin Layed aint get'n any these days, hooked up to dialysis and all that. Riding a donkey might be his last resort for fun in this lifetime. Link to comment Share on other sites More sharing options...
Ned38 Posted March 20, 2003 Report Share Posted March 20, 2003 Uh Oh 18:02 ET MU Micron reports Q2 results (8.00 -0.15) -- Update -- Co reports a Q2 loss of $0.64 a share excluding items; sales rose 21.5% to $785 mln -- Multex consensus estimates for the qtr were -$0.48 and $679.7 mln. "Our .13 micron products are realizing noticeable manufacturing improvements which will be reflected in reduced costs over the next two quarters..." Including items, co posted a loss of $619 mln or $1.02 a share for the qtr. Bigger loss but also a bigger sales/rev #=up 8% AH Link to comment Share on other sites More sharing options...
Guest Posted March 20, 2003 Report Share Posted March 20, 2003 The war is masking a lot of very negative economic news. I guess that was the plan? I think that the first quarter earnings results are going to be a shocker -- a real disaster. No one will be listening though. Earnings -- who cares? Let's drop a few more bombs so we can watch night-vision pictures of Baghdad go up in smoke and flame. yeah, that's the ticket. More bombs. Link to comment Share on other sites More sharing options...
soup Posted March 20, 2003 Report Share Posted March 20, 2003 ned: given mu burn rate, that company has to be on the doorstep of BK. Quarter after quarter they bleed money, how long till they cry uncle? How long till liquidation? Absolutely incredible. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.