Tuesday, June 25, 2024

And The Ping Pong Game Continues…

Does this game look familar to you?  It's Forest Gump playing Ping Pong between 1120 and 1085!

 

Since November 11th, we have rallied up to 1108, down to 1085, back up to 1114, and back down to about 1086, then back up to 1113, and then down to 1084, and back up to 1119, and back down to 1085, and back up to 1114... whew, I getting sick watching!  My heading is spinning, and I think I'm goning to vomit now.  Someone please get me off this ride!

At this point I couldn't even begin to tell you where the rest of the week will go?  I can't even forecast tomorrow!  I will say again that we are very overbought and should correct back down... so I guess I should go long, duh!  WTF?  I think I'll just stay out the market until the beginning of next year.  You can't compete against someone as good as Forest Gump (AKA... Goldman Sucks/Government Sachs).

Red

Red
Author: Red

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losershot
losershot
14 years ago

WFC announces repayment of tarp.

Red Dragon Leo
14 years ago
Reply to  losershot

Does that mean I should go long? Let's see… if they borrow my money (tax payer), and use it to buy up their own stock… tripling it in value, then issue new shares (sold to the tax payer at inflated prices) to raise the money to pay back to the tax payer, then I should get excited? LOL!

It reminds me of when I had to go pick my own switch to get a whippin' from my mother when I was a kid. Something just doesn't seem fair about that…

Red

annamall
14 years ago

yours is more boring you win!! ding ding ding LOL

Red Dragon Leo
14 years ago
Reply to  annamall

Ok, maybe my post is boring today… and it might be more boring then yours, but you're in second place!

Anna
14 years ago

yours is more boring you win!! ding ding ding LOL

Red Dragon Leo
14 years ago

Ok, maybe my post is boring today… and it might be more boring then yours, but you're in second place!

losershot
losershot
14 years ago

WFC announces repayment of tarp.

Red Dragon Leo
14 years ago

Does that mean I should go long? Let's see… if they borrow my money (tax payer), and use it to buy up their own stock… tripling it in value, then issue new shares (sold to the tax payer at inflated prices) to raise the money to pay back to the tax payer, then I should get excited? LOL!

It reminds me of when I had to go pick my own switch to get a whippin' from my mother when I was a kid. Something just doesn't seem fair about that…

Red

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