Talking with investors, I can tell you, everyone is waiting for a bounce, in order to blow out of their longs.
In theory, waiting for your stocks to trade up, prior to selling them, is a fucking great idea. The only problem: they may not bounce.
Bear markets work like this:
You get into a stock and immediately lose money. Then, on a minor bounce, you almost get back to break even, then BAM: off with your head. Before you know it, the stock is down 30% and you become a long term investor, due to asshattery.
Instead of living out this life of mediocrity, be proactive and blow the fuck out now, instead of waiting around for Mother Market to break your jawbone.
Naturally, we all want to be optimistic and see stocks trade up. However, unfortunately, from time to time, stock markets go lower, effectively wiping out countless hopefuls.
With my money, I am liquidating some stocks in my portfolio’s and buying more inverse ETF’s, specifically [[REW]] and [[FXP]].
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FXP tasting like candy now, isn’t it Fly? I concur with your wideranging optimism, since I still keep a core of niche microcaps. However, in this shit fuccing time of the Shrub, nothing good will ever work. So I am on the dark side because I must make my way.
doo doo bidu
fslr
crm
coming in now in big tasty red chunks.
for the pro-FXP crowd here, check out this factoid:
Look at relative performance of FXI/FXP since FXP’s inception 11/7/07. FXI is down about 3% in that time. So FXP should be up 6%, no? (FXI is 100% China 25 index, FXP is -200% same index). In fact, FXP is down about 7%, and that’s after today’s 7% gain.
FXP is way underpriced, beaten down by wackos.
I believe additional real estate loan tightening measures come out in a few weeks, to kick off 2008, the “Year of the Noose”.
New China telecom switch up, announced last night, gives CHL the short end of the stick.
CHL is the largest component in FXP.
Without question, the Fly is omniscient and is a Dr. Who visionary of the future in which retail investors are made to look like red-assed monkeys. Viz.
Interesting that you like REW more than QID.
Bigger beta is attractive to you?
It’s my favorite Greek letter.
“However, in this shit fuccing time of the Shrub, nothing good will ever work. ”
— Calvino.
______________________
Poll numbers down big!
Unfavorables skyrocketing!
it.
REW is more specific.
Without question, the Fly is omniscient and is a Dr. Who visionary of the future in which retail investors are made to look like red-assed monkeys. Viz.
______________
Possibly, my child, but if he doesn’t leave six baskets of Concorde Grapes (very large, very black) at my altar, I mix ethanol into his plutonium supplies.
Don’t be going 200% negative here … if you ask me (noone is) we may get a tradable low next week, or so. Not that you can’t lose your shirt & Uggs in a week or two, waiting for the bounce.
Quick, change my headline. My FXP trade is going just as I had planned! LOL
Oh, and how about that CPHD I told you fellows about on Tuesday?
Ah! Break out the frankincense!
News of my minions going about my business, unbeknownst to their own selves.
More valued than lighting bolts these children are to me!
Juice speaks truth.
Do not get too greedy here, my children. Leave but a taste on the table, in case I decide to “waterfall” the markets on Monday.
But I’ve never cottoned to avarice, remember.
RIMM is toast … gonna see 85, at least
Juice is an attendant minion, and I may even promote him to High Priest after a trial period testing out his goat-gullet slitting abilities.
But RIMM will go to $82 before weakly attempting a bounce, on it’s way to $66.
Enjoy your venison cutlets, children.
66 even better !
Beware of fed meddling before option exp next Friday … my guess, if they’re gonna act before the m/e meeting, would be next turdsday.
according to cresenzi, the bond market is pricing in 100% odds of a 50 bp cut at the next meeting. Don’t think they won’t go early.
I am buying more INTC and some FXI. Chinese stocks to the moon Sun. night.
http://www.bloggingstocks.com/2008/01/11/chasing-value-bunge-bg-shares-gain-9-in-down-market-as-it-fe/
Holy homo hammer, Batman!
Shed – what are (were) the support prices you are watching on the indexes?
TradeBots in overdrive.
Boomer-
I’m not watching any support prices. I’m waiting for capitulation, on gigantic volume.
If I were to ponder it, I would guess Feb/March lows of 07 would be a good place to start.
Minus 400 on the Dow at this rate maybe 500.
And I’m on 20 minutes delayed quotes…LOL
I am covering my GG for a good gain, selling CWTR for a loss, sell INTC for a small profit, and holding FXI until Mon. I am off to meet Jerry,Puddy, and Kramer at the Soup Nazi and then off to the hockey game.
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=OJ1POPXOINXWXQFIQMGCFGGAVCBQUIV0?xml=/money/2008/01/07/ccview107.xml
Have a good weekend all. I need to meet George Costanza at the Yankees parking lot. We are going to a hockey game.
HA!
i didnÊ»t have longs in the first place, i lost $$$ on them 2007. my Long is FXP… China can only get hype til the Olympics.
LVS, DECK, CMG puts… what more can i say…sold AKAM puts
if i have any bounce to position, itÊ»s AAPLÊ»s MacWorld and thatÊ»s it… an AAPL bounce, no rally…
Thanks for sharing
I’d prefer reading in my native language, because my knowledge of your languange is no so well. But it was interesting! Look for some my links:
I’d prefer reading in my native language, because my knowledge of your languange is no so well.