Posted by: tyrannyoflogic September 28, 2011
What are you buying in this market meltdown
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@Teamplayer, on the same the date september 22, he had an automatic sale for 132.13 for 5000 shares...I think its some form of compensation for the employees cuz by the looks of it there have been no insider buying at all whatsoever...maybe its just how the company compensates them...I dont know.... but I just got out in the gap up made a couple of bucks ...if u notice the trend in it , it gaps up everyday and then closes lower...
just not sure about the bounce...if the Dreamworks news could not bounce it ..then what will..They surely have some news up their sleeves...but when and I am not waiting when even Cramer is talking about the bear flag in the market.

AMZN I would short it on a double top , but not yet..."when their 2 cents profit reflects on kindle reflects on their income statement" as cnbc said.

On the other hand look at Blockbuster's bankrupt stock BLOAQ, was at 7 cents , it closed at 35 cents today, banked some 30 percent off a scalp today, but its a pennystock..might play it for bounce tomorrow after a gapup

NFLX jst aint too tempting right now

@ anon,
I also dont know much about shorting ....jst done it a couple of smallcaps on open gapups ...80-90% of the time the gapup always fills, for daytrades...

long term short..dunno much maybe Teamplayer could elaborate

thinking about opening up an IB account cuz borrows are hard to get on other brokers

Last edited: 28-Sep-11 07:18 PM
Last edited: 28-Sep-11 07:26 PM
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