I was thinking about getting into grpn today, but looks like no real pop unless something happens in the last hour. The market seems to lack the volume and the competitors have talked a big talk to scare folks off.
I think there is about 20-30% head room on most big caps and almost 40-50% head room on small, so a haircut would be very timely to find an entry point. A lot of traders pulled in big gains in October, so we could use a level set. thanks Red for your site!
ATHENS – Greek Finance Minister Evangelos Venizelos said Friday he had
told his European partners that Greece had officially scrapped its plan
for a referendum that had enraged leaders Europe-wide.
I guess we’ll have to wait it out. Liquidity is gone in europe, HSBC is having a bank holiday today & they have a whole weekend to bailout everyone. Jp Morgan just found (gave) Corzine $600 mil in client money, as a get out of jail free card. Sickening. If that’s pocket change, then who knows how much they’ll cram into this market to keep the music going.
groupon is closing lower then or at open .. dont believe the hype you hear tonight
Short squeeze coming now… if they take out the top from yesterday then it’s highly likely they will crash it on Monday!
Simon, could you please explain what grpn is.
Thank you
something will happen Monday … nobody wanted to play the groupon game today, so i think the big guns are holding.
Coming close to the apex of this triangle now. Will they wait until Monday to get out of it, or do it today? That is the question?
I was thinking about getting into grpn today, but looks like no real pop unless something happens in the last hour. The market seems to lack the volume and the competitors have talked a big talk to scare folks off.
I think there is about 20-30% head room on most big caps and almost 40-50% head room on small, so a haircut would be very timely to find an entry point. A lot of traders pulled in big gains in October, so we could use a level set. thanks Red for your site!
Meaning what? Do they have anything else planned over the weekend that could crash the market next week?
ATHENS – Greek Finance Minister Evangelos Venizelos said Friday he had
told his European partners that Greece had officially scrapped its plan
for a referendum that had enraged leaders Europe-wide.
I guess we’ll have to wait it out. Liquidity is gone in europe, HSBC is having a bank holiday today & they have a whole weekend to bailout everyone. Jp Morgan just found (gave) Corzine $600 mil in client money, as a get out of jail free card. Sickening. If that’s pocket change, then who knows how much they’ll cram into this market to keep the music going.
This can’t be good for the bears…
http://screencast.com/t/Pi9Jnh2LuB