Monday, November 19, 2007

So, I'm kind of scared... it's not like I'm not all in cash, which is a great place to be. But there is no support in this market.

I feel like a kid spitting down a well, listening for a bottom.

Just looking at it, I still like 12800, but just for a bounce, this feels like 12400 or 12000.

I may try a suicide bottom pick of a financial.

Best performing Regional banks

CFR -1.35%
BBT -1.75%
RF -2.26%
CBSH -2.38%

(this is just the kind of crazy move that loses me money every time.)

time to do some research
at

3 comments:

  1. JanNovember 19, 2007 at 8:57 PM

    I know the feeling all too well. I use to day trade just before 9/11 and got out of it just after then. The ulcers were not worth it anymore. Best of luck and I hope you do well.

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  2. EricNovember 20, 2007 at 5:38 AM

    I've been very fortunate, though I threw out a double negative, For the most part I am all in cash... I'm just upset I didn't make money on the way down.

    Which is stupid, and loser talk.

    ReplyDelete
  3. EricNovember 20, 2007 at 5:39 AM

    Oh, and thank you for your well wishes. Feel welcome here.

    ReplyDelete