MrHanky Posted April 29, 2010 Report Share Posted April 29, 2010 Pinned to the highs most of the day,bears ran for cover....Again. Endless cycle it seems. Link to comment Share on other sites More sharing options...
Bungster Posted April 29, 2010 Report Share Posted April 29, 2010 Pinned to the highs most of the day,bears ran for cover....Again. Endless cycle it seems. Yep... Link to comment Share on other sites More sharing options...
MrHanky Posted April 29, 2010 Author Report Share Posted April 29, 2010 To add insult to injury,they rammed the futures up a few more points going in to the 4:15 close. Expecting to print 1217 tomorrow again....at least. Link to comment Share on other sites More sharing options...
MrHanky Posted April 29, 2010 Author Report Share Posted April 29, 2010 Stocks out near the highs,Treasuries out at the highs.... Bully showing who is in control. But we have still gone nowhere for weeks now so..... Link to comment Share on other sites More sharing options...
Bungster Posted April 29, 2010 Report Share Posted April 29, 2010 Stocks out near the highs,Treasuries out at the highs.... Bully showing who is in control. But we have still gone nowhere for weeks now so..... My wild a$$ guess - Stocks could be marginally up tomorrow...EOM and all....Monday will be the day....It will decide if we have a further correction or this was just a little consolidation... Link to comment Share on other sites More sharing options...
DrStool Posted April 29, 2010 Report Share Posted April 29, 2010 'Spite buy' LOL Doc IMHO 3 months is too long a time horizon for 3x ETF crackball. The only move worth catching is a steady unidirectional move in the underlying....which generally is 1-2 weeks, a month tops (notwithstanding the 10 week freakshow from early Feb to mid Apr). Sideways grind loses to the slippage. And riding out a bad entry with a 3x is, uh....well, you feel lighter afterwards. Yah. I vas just beink hyperbolistic. If they don't head down tomorrow I'm out. Link to comment Share on other sites More sharing options...
DrStool Posted April 29, 2010 Report Share Posted April 29, 2010 Katie Stockton is an obviously well qualified market anal cyst. She knows almost as much as everyone on this board, among other intellectual attributes. Link to comment Share on other sites More sharing options...
rdkyote Posted April 29, 2010 Report Share Posted April 29, 2010 Pardon my language but after a day like this I feel F*i*g R*t@r^ed. I knew this was going to happen yet tried to keep 1/2 a short position open today. Well... I crapitualated near the close. Oh well, still made out on the 1st 1/2 of the position. http://www.youtube.com/watch?v=eBPqksG9nbA Link to comment Share on other sites More sharing options...
DrStool Posted April 29, 2010 Report Share Posted April 29, 2010 USUK Better than PIGS Link to comment Share on other sites More sharing options...
MrHanky Posted April 29, 2010 Author Report Share Posted April 29, 2010 As usual I am clueless on the direction,But I am positioned pretty much the way I want right now.Will add to my 1 equity holding if it hits my limit,will dump if it goes up another 3 or 4% from here. Still holding my muni's...the bids I got this week were OK but not spectacular.Hard to find good paper so I will hold for the time being.Averaging 5% tax free ain't too bad at the moment I guess. Only 1 or 2 things I would attempt dipping at this point..... Link to comment Share on other sites More sharing options...
DrStool Posted April 30, 2010 Report Share Posted April 30, 2010 It is deathly quiet in here. Hardly anyone here, and those who are, are speechless. Must be a sign. Link to comment Share on other sites More sharing options...
MrHanky Posted April 30, 2010 Author Report Share Posted April 30, 2010 Futures down over 3 ...Not to worry,at 3 am they will be up double digits Link to comment Share on other sites More sharing options...
MrHanky Posted April 30, 2010 Author Report Share Posted April 30, 2010 It is deathly quiet in here. Hardly anyone here, and those who are, are speechless. Must be a sign. Yeah,I would not be surprised if we tanked from here.... But then nothing with this market could surprise me at this point. Link to comment Share on other sites More sharing options...
MrHanky Posted April 30, 2010 Author Report Share Posted April 30, 2010 13 posts 6 of them mine go short at the open Link to comment Share on other sites More sharing options...
DrStool Posted April 30, 2010 Report Share Posted April 30, 2010 Wrong or Just Early? Link to comment Share on other sites More sharing options...
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