I'm so..... You have no idea. I want to trade penny stocks right now.
I swear to god. From 2:00-4:00 felt like 40 hours of trading.
From 2:50-3:10 felt like 2 hours. I had orders go off, it felt like 3 hours to get them filled
regardless of the money I walked away with... that was not worth my time, I think I shaved 3 years off my life.
I'm scared to be long, scared to be short, scared to hold cash.
Friday, July 11, 2008
Longest 2 hours of my life.
Subscribe to:
Post Comments (Atom)
7 comments:
"I'm scared to be long, scared to be short, scared to hold cash."
LOL My sentiments EXACTLY.
I swear we are very close. the best plays I bet will be consumer noncyclicals.
I think big investors are going to run for safety for a month or so.
"for a short term upside run".
Now I'm really scared, with this Indymac sh*t.
This market is getting too fast for me....
(another sign of a "near term low")
On monday or tuesday... if we wash out. The easy money will be Pharma, Healhcare, noncyclicals, Probably gold. Much easier money there.
Oil and materials I'm not sure they are easy money anymore.
Cyclically gold has a pull back in the next couple months. I may go that way if we get a nice pull back.
Indy mac may be what gets us scared on monday-tuesday.
somebody was blaming Chris Dodd.
I'm holding oil and materials for the long term (must be nuts, but anyway...).
Have gold, so prepared there.
I'll sell all rallies for now.
If it gets too psycho to figure out i'll just sit on my hands for awhile. Nothing wrong with that.
I forgot what happened after bear stearns? So much has happened since then. Think we can repeat the same on Monday thanks to indy?
LONG term Materials are a great play, I just think they are still in for some "Chop"
Umn, I'd hazard to suggest that we are within 3 days of a Bearstearns type low. Its more likely, based on Fanny and Freddy.
but We may get a short dead Cat bounce for a couple days/weeks/months on the "housing Bill" they just passed in congress.
It is every time I find the market to be Sane and Rational(Like now, that we are rightfully scared shitless). and that traders aren't a bunch of buffoons. that suddenly we Rally, and have some nice denial-idiocy.
Post a Comment