Posted by: thapap July 24, 2008
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hey samsara,
thank you thank you for your kind words.
how is your market manipulation going (O;
i remember some one saying when average Joe starts taking like a wall street trader then its time to "run away" from the market (O;. did i quote him correctly?
i think this market been like that no? too many day traders and too much manipulation by the power holders and the market makers.
and you are correct that one would have better odds in vegas than playing that 50:50 in wall street. i have the same feeling. (O: which has been just solidified especially after witnessing stocks of some institutions soaring 30% on multi billion $ losses (O: ...
one cannot be a speculator and protect their investment in the long run. might get lucky sometimes but not always.
latoboy,
sure.. .i have heard a dead cat bounce .. so it might happen who knows (O: but the probability is very low. i would give you a benefit of doubt of 90:10 i.e. 90% chance that the market would be up.
but with my 10% i will tell you why it would be down? here is my reasoning:
1. financials and airliners have had more than 70% upside on multi-billion losses in last week.
2. earnings outlook from most of the S&P 500 has been negative. [ either for this quarter or for outlook or both ]
so, you bought SSO @ lets say @59 (O: [ i am pretty right on the money there no ]. now don't tell me that you did not put a limit order but just bought SSO because you saw it going down 3% in an intra-day chart. (O: if you did that then you are definitely gonna suffer the consequence as samsara outlined.
have you looked @ any earning in the last 2 weeks?[if you have had then you would stay away from equities all together] or you are speculating based on "oil prices coming down $12/barrel in last week?"
but again we will see tomorrow... please write what happens @1600 to your position.
thank you thank you for your kind words.
how is your market manipulation going (O;
i remember some one saying when average Joe starts taking like a wall street trader then its time to "run away" from the market (O;. did i quote him correctly?
i think this market been like that no? too many day traders and too much manipulation by the power holders and the market makers.
and you are correct that one would have better odds in vegas than playing that 50:50 in wall street. i have the same feeling. (O: which has been just solidified especially after witnessing stocks of some institutions soaring 30% on multi billion $ losses (O: ...
one cannot be a speculator and protect their investment in the long run. might get lucky sometimes but not always.
latoboy,
sure.. .i have heard a dead cat bounce .. so it might happen who knows (O: but the probability is very low. i would give you a benefit of doubt of 90:10 i.e. 90% chance that the market would be up.
but with my 10% i will tell you why it would be down? here is my reasoning:
1. financials and airliners have had more than 70% upside on multi-billion losses in last week.
2. earnings outlook from most of the S&P 500 has been negative. [ either for this quarter or for outlook or both ]
so, you bought SSO @ lets say @59 (O: [ i am pretty right on the money there no ]. now don't tell me that you did not put a limit order but just bought SSO because you saw it going down 3% in an intra-day chart. (O: if you did that then you are definitely gonna suffer the consequence as samsara outlined.
have you looked @ any earning in the last 2 weeks?[if you have had then you would stay away from equities all together] or you are speculating based on "oil prices coming down $12/barrel in last week?"
but again we will see tomorrow... please write what happens @1600 to your position.
Last edited: 24-Jul-08 10:15 PM