Darktrader Posted July 21, 2003 Report Share Posted July 21, 2003 Must break Fri low today to make any headway...down way...so that's 980.... Shorting China.com for a laugh .....very small tight stop Link to comment Share on other sites More sharing options...
Guest Icky Twerp Posted July 21, 2003 Report Share Posted July 21, 2003 You can borrow from your 401K and pay yourself back with interest. I had employees do it all the time. I looked into this too, but couldn't make the economics work for me: I could only borrow half, and the payment schedule meant that I would have to have immediate, short-term payback of 8% (?, I forget) just to make the payments on the loan. Plus it comes immediately due if you "leave" the company. I think there was a loan-origination fee, too. It looked like a sucker's bet to me, even tho' I would have been "loaning myself the money". I've known other people to have done this, instead of second mortgages for work on their houses, etc, back in the late 90s, but my impression is these are the same people whose conduct we uniformly lament on this board... Keep the ideas coming -- maybe there IS someway out; maybe the gov. will revise the laws to give us access before retirement... certainly a death-knell to the economy, but maybe some of us would put it to "good" use... Link to comment Share on other sites More sharing options...
Bearman Posted July 21, 2003 Report Share Posted July 21, 2003 MMM = 30+ pts of Dow now Link to comment Share on other sites More sharing options...
Goldmember Posted July 21, 2003 Report Share Posted July 21, 2003 QQQ looks to have bottomed here.... Link to comment Share on other sites More sharing options...
richmtn Posted July 21, 2003 Report Share Posted July 21, 2003 Given the rampant signs of trend reversal and a building liquidity crisis, dip buyers will be crushed one of these mornings. Now is the time to be looking for and establishing short positions on strength. There's a giant gap down on its way, one from which there will be no recovery. Anyone long high beta stocks with leverage will be wiped out. What he said. :grin: Link to comment Share on other sites More sharing options...
Guest Posted July 21, 2003 Report Share Posted July 21, 2003 They jammed the homebuilders right at the open and held them green for 50 min. Now they are turning then south after letting the suckers buy them. Getting the last dollar from the sheep. Link to comment Share on other sites More sharing options...
richmtn Posted July 21, 2003 Report Share Posted July 21, 2003 p/c .64 Equity .57 MMM against the DEBT Bomb Change Of Trend. I believe the P/C has been distorted by hedging. We be going down. Link to comment Share on other sites More sharing options...
crooked_analyst Posted July 21, 2003 Report Share Posted July 21, 2003 Thursday - S&P loses 12 and DOW loses 37 Friday - S&P gains 10 and DOW gains 137 Today - S&P loses 10 and DOW down 57......Rrrright Link to comment Share on other sites More sharing options...
PileDriver Posted July 21, 2003 Report Share Posted July 21, 2003 Hey, how are the BullyBears doing? Still fighting it? http://stockcharts.com/charts/indices/McSumNYSE.html Not looking so hot Straight down the crapper. Still loaded for bear since July 3. :wink2: Not budging Link to comment Share on other sites More sharing options...
Darkdoc Posted July 21, 2003 Report Share Posted July 21, 2003 MMM = 30+ pts of Dow now $4.00 plus this am. Market makers to the rescue. This is not intended as criticism, I am sure the stock is worth it. Link to comment Share on other sites More sharing options...
PileDriver Posted July 21, 2003 Report Share Posted July 21, 2003 The non-centered 30 day MA is snot holding up for most averages. Once this puppy breaks a selling panic will emerge. Lots o BIG money accts tied up in there looking for an excuse to take profits and no one to sell to :grin: This will soon get ugly once the programmed trading kicks in. Link to comment Share on other sites More sharing options...
Guest The CoinGuy Posted July 21, 2003 Report Share Posted July 21, 2003 Looks like Real Estate in Colorado is continuing to roll over. Commercial property here is the worst I've ever seen. For sale and lease signs on every block. Foreclosures Skyrocketing - Rocky Mountain News TCG Link to comment Share on other sites More sharing options...
richmtn Posted July 21, 2003 Report Share Posted July 21, 2003 Attention riverboaters do you have the nerve to play with Broadcom. Ageing lovely has broken many a bear's heart. One of the most manipulated broads on the planet. She's seen it all. Watch her she may be leading the market. Link to comment Share on other sites More sharing options...
Guest Posted July 21, 2003 Report Share Posted July 21, 2003 More bears here than over in Bear Zone Some good looking action happening over there... On your market I mean... Link to comment Share on other sites More sharing options...
Guest Posted July 21, 2003 Report Share Posted July 21, 2003 The non-centered 30 day MA is snot holding up for most averages. Once this puppy breaks a selling panic will emerge. Lots o money tied up in there looking for an excuse to take profits and no one to sell to :grin: This will soon get ugly once the programmed trading kicks in. I like ugly. Link to comment Share on other sites More sharing options...
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