Thanks Red Dragon! Didn't go short today. Went short at the highs yesterday so I am OK. I will cover tomorrow. But my question is, you said to short after today's rally during the FOMC meeting. So, why now are you holding off and speculating that the market is going to 112? My issue is that everyone is speculating that it will go to 112. I don't think the market is that easy. The drop will catch us all off guard when we least expect it to. Yes, now we have oversold indicators but when there is a crash, all the indicators will be reading oversold. Anyway, it's not about pride or being stubborn. I am wrong a lot of time (including this time) and I admit it. But, that is why I am more fearful of trading in and out rather than just hanging tight. I think we all have to define our time frames and mine is longer term. Problem is I don't know how long I can take it going against me.
Monica… are you still short? Get out tomorrow on any pull back. We should have a dip at some point tomorrow. Probably to about 109.20-109.30 area. That's where we opened today.
I think they will take it up to about 112.00 over the next week, as I posted in my weekend update. You have too learn to sit on the sidelines if you miss the big move… which you miss by the way!
Don't be so stubborn! I've lost more money then I care to remember by hanging on and hoping. There will be a rally, and if you are still short… you will lose.
Would you rather get out with a small loss tomorrow, and wait for a week or so, to re-enter at 112.00, or almost all of it wishing?
Suck it up… throw pride out the window and take your loss like a professional! Stop trading like an Amateur! You're better then that. Plus you have many people like myself and Anna telling you and helping you along the way.
Get out! Sit on sidelines! Get back in when we finish rallying in about a week or so!
Well, Goldman Sachs has 962 people that made over a Million Dollars last year. I guess they'll be building new houses and will put some of those 2 million people to work. What a country!
You steal the money from the poor working man, and then fire him. Next, you take the money you stole and buy your own stock… which triples in price. At the high, you issue new shares to the people you stole the money from, and take that money and write yourself $14 Billion in bonuses… which you finally use to hire back the poor working man to build you a new mansion, rub your feet, wash your cars, perform sexual favors, etc…
I'm sitting on my long term shorts. Looking for small bounce here and then resumption of the trend down. There is nothing pretty about this economy right now. Except maybe those 2 million new jobs Obammy created or saved. HA!
Yeah… but he's going to go on a budget next year when the economy recovers! Too Funny! The market is going to take a serious dump in late September, and continuing into 2011. We will take out the March 2009 low in 2011… mark my words.
Wow… what great speak Obama made. I love how he's going to take $30 Billion Dollars that the banks paid back, and re-give it back to them… so they can give out more bonuses… errr, I mean give out more loans! Yeah… right!
He's a great speaker Monica… but so was Hitler! (Not saying he's Hitler… just saying he's good). I like how he's going to take 30 Billion of the money the banks paid back, and re-give it back to them to give out more bonuses… errrr, I mean loan out more money! Yeah, right!
Thanks Red Dragon! Didn't go short today. Went short at the highs yesterday so I am OK. I will cover tomorrow. But my question is, you said to short after today's rally during the FOMC meeting. So, why now are you holding off and speculating that the market is going to 112? My issue is that everyone is speculating that it will go to 112. I don't think the market is that easy. The drop will catch us all off guard when we least expect it to. Yes, now we have oversold indicators but when there is a crash, all the indicators will be reading oversold. Anyway, it's not about pride or being stubborn. I am wrong a lot of time (including this time) and I admit it. But, that is why I am more fearful of trading in and out rather than just hanging tight. I think we all have to define our time frames and mine is longer term. Problem is I don't know how long I can take it going against me.
Monica… are you still short? Get out tomorrow on any pull back. We should have a dip at some point tomorrow. Probably to about 109.20-109.30 area. That's where we opened today.
I think they will take it up to about 112.00 over the next week, as I posted in my weekend update. You have too learn to sit on the sidelines if you miss the big move… which you miss by the way!
Don't be so stubborn! I've lost more money then I care to remember by hanging on and hoping. There will be a rally, and if you are still short… you will lose.
Would you rather get out with a small loss tomorrow, and wait for a week or so, to re-enter at 112.00, or almost all of it wishing?
Suck it up… throw pride out the window and take your loss like a professional! Stop trading like an Amateur! You're better then that. Plus you have many people like myself and Anna telling you and helping you along the way.
Get out! Sit on sidelines! Get back in when we finish rallying in about a week or so!
Red
Well, Goldman Sachs has 962 people that made over a Million Dollars last year. I guess they'll be building new houses and will put some of those 2 million people to work. What a country!
You steal the money from the poor working man, and then fire him. Next, you take the money you stole and buy your own stock… which triples in price. At the high, you issue new shares to the people you stole the money from, and take that money and write yourself $14 Billion in bonuses… which you finally use to hire back the poor working man to build you a new mansion, rub your feet, wash your cars, perform sexual favors, etc…
I'm sitting on my long term shorts. Looking for small bounce here and then resumption of the trend down. There is nothing pretty about this economy right now. Except maybe those 2 million new jobs Obammy created or saved. HA!
Yeah… but he's going to go on a budget next year when the economy recovers! Too Funny! The market is going to take a serious dump in late September, and continuing into 2011. We will take out the March 2009 low in 2011… mark my words.
Well in all fairness, he said he would give the money to community banks, not investment banks. Still don't know how feasible that one is.
Just try and count all of the $$ he committed to spend tonight. The printing press will be going non-stop!
Wow… what great speak Obama made. I love how he's going to take $30 Billion Dollars that the banks paid back, and re-give it back to them… so they can give out more bonuses… errr, I mean give out more loans! Yeah… right!
He's a great speaker Monica… but so was Hitler! (Not saying he's Hitler… just saying he's good). I like how he's going to take 30 Billion of the money the banks paid back, and re-give it back to them to give out more bonuses… errrr, I mean loan out more money! Yeah, right!
Like the explanation – thanks Red. Watching State of the Union address. Anyway, whatever you think of him, he is a motivating speaker.