Posted by: fortunefaded April 15, 2009
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Sam,
Good to see your comment here. Are you trading these days or waiting until the volatility is over?
Guys, the bear rally is not going to last. If you don't believe me, then look at the diminishing volume.
Just coz SPY gained 20% in a month, you think the worse is over? Hell no. Analysts predict one more bottom and the rebound around the end of summer.
And dikush, you just got lucky with Citi, as did I when I bought it at 1 bucks. But I sold it when it hit 3.80.
But now I am not going to touch any financials until the Q1 reports are all done. The market is very volatile and for short term traders, if you are going to make speculation, you have to be very careful.
Good to see your comment here. Are you trading these days or waiting until the volatility is over?
Guys, the bear rally is not going to last. If you don't believe me, then look at the diminishing volume.
Just coz SPY gained 20% in a month, you think the worse is over? Hell no. Analysts predict one more bottom and the rebound around the end of summer.
And dikush, you just got lucky with Citi, as did I when I bought it at 1 bucks. But I sold it when it hit 3.80.
But now I am not going to touch any financials until the Q1 reports are all done. The market is very volatile and for short term traders, if you are going to make speculation, you have to be very careful.