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Quote of the Day

Started by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008
Discussion about
Just heard this on CNBC... "Anything Not Down 500 is the New Up"...
Response by waverly
about 17 years ago
Posts: 1638
Member since: Jul 2008

That's what someone said?

Statements like that just make my head hurt.

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Response by anonymous
about 17 years ago

Here is a question....will you be long at 3:30 PM today? Check the last 6 days and see the fear of people holding over night as its borderline crazy....

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Response by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008

Absolutely, this market is now governed by fear. And those sorts of markets are always the best to pick up bargains in...

(and, yes, the regular host guy said that)

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Response by anonymous
about 17 years ago

Why not pick up bargains at 10% lower? That's when they become bargains

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Response by anonymous
about 17 years ago

I think my 10% lower was too little....the bottom is getting ready to fall out...then maybe its time...

Maybe...

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Response by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008

I starting picking up SSO... double long S&P.

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Response by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008

Sorry, my advice might have come a little too late.... but SSO is up 25-30% now...

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Response by anonymous
about 17 years ago

Considering its up 14% on the day, thats pretty good math...

but im sure you picked it up at 2:45 on Friday because "you called the bottom"

But I like your style...Im in DDM...the question is when to get out

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Response by nyc10022
about 17 years ago
Posts: 9868
Member since: Aug 2008

I actually picked it up RIGHT at the opening on Friday.... that huge drop paid off with a quick 700 points, plus the rally since.

I got in at 25.58, and its now at 33.08... 29.04% according to my statement...

I've already shaved some off....

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