jbenko_IHB
New member
usctrojanman29 said:
Yeah but I don't want to buy the stock stock in order to do so. You mean naked? haha...I don't have balls for that.
I THINK THE MARKETS HAVE BOTTOMED!!!
- Thread starter morekaos_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
Yeah but I don't want to buy the stock stock in order to do so. You mean naked? haha...I don't have balls for that.
I deseved that.
You have to laugh or you would just cry. I still cling to the S and P. It still may hold
The rule is a close under right?
If so, tomorrow will be the day this thread is waiting 4..... will it hold?
Oh come on Graph...don't be nervous. She is right...whoever that is. 7500 is a critical level, and has been for over a decade. So many historical supports have been created around that level. Give it a little push and this can tumble to 6-6.5K in a flash.
I'm looking forward to it personally. I have 25% or so allocated in equities, but wouldn't mind a dip to 6K so I can allocate the rest... Worse case scenario? My equities go down which are offset by puts, and I get a free buyin at the low end. YEEHAW!!
He can't use 7450. He already lost
He said intraday doesn't count. DOW never closed below 7552, but had an intraday low twice below that. 7464 and 7392!
I agree, I think we stop at 6-6.5K though and have a pop. But we do head lower...2-3K wouldn't shock me.
BV
If it goes that low for Equities just think about other asset classes.
Real Estate could be in even worse trouble. Just think if it tumbles
70% off its highs.
Personally I think we will get down to about 5000 Dow. 500 S&P. Then a long slow
return back up to 9000 over a few years. The issue is predicting that bottom and its timing.
I think tomorrow will be another small loss. But all its going to take is some
unforseen event or statistic to spook the market and we could lose 700 points in a day.
Thats a 10% loss now that we are in the 7000 range.
Yeah but I don't want to buy the stock stock in order to do so. You mean naked? haha...I don't have balls for that.
usctrojanman29_IHB
New member
Yeah, you do don't short change yourself like that plus you dont have to sell many of them and it's a probability play anyhow. I did it twice...sold Feb 9 Calls back a few weeks @$.24 and sold Feb 6 Calls @$.12 yesterday.BlackVault CM said:
bltserv_IHB
New member
All new lows for the big Banks.
WFC, C, BAC.
I see a huge leg down overall.
The shorts are going to just eat WFC alive. Huge PUT volumes.
WFC, C, BAC.
I see a huge leg down overall.
The shorts are going to just eat WFC alive. Huge PUT volumes.
usctrojanman29_IHB
New member
I noticed that as well. WFC is the next big bank to head into the single digits all thanks to their little Wachovia acquisition (following in the footsteps of BofA with their Countrywide acquisition). But don't worry, Jamie DEMON and his little bank will have their day in the single digits this year all thanks to their WaMu pick up.bltserv said:
morekaos_IHB
New member
awgee said:
I deseved that.
morekaos_IHB
New member
awgee said:
You have to laugh or you would just cry. I still cling to the S and P. It still may hold
usctrojanman29_IHB
New member
Do not go down with the ship MK. Citi or BofA will be nationalized before the end of the year and when that happens it's time to step in for the bear market rally until then, tread lightly.morekaos said:
upperlowerclass_IHB
New member
morekaos said:
The rule is a close under right?
If so, tomorrow will be the day this thread is waiting 4..... will it hold?
graphrix_IHB
New member
Dow under 7500. S&P on the verge of 775. All hell could break loose tomorrow, or we have a huge rally. The chart lady was on CNBC today saying all the technicals show further downside. When that will be? She wouldn't say. But, we all know the chart lady has been right, and right again. I'm a bit nervous about tomorrow.
jbenko_IHB
New member
graphrix said:
Oh come on Graph...don't be nervous. She is right...whoever that is. 7500 is a critical level, and has been for over a decade. So many historical supports have been created around that level. Give it a little push and this can tumble to 6-6.5K in a flash.
I'm looking forward to it personally. I have 25% or so allocated in equities, but wouldn't mind a dip to 6K so I can allocate the rest... Worse case scenario? My equities go down which are offset by puts, and I get a free buyin at the low end. YEEHAW!!
jbenko_IHB
New member
upperlowerclass said:
He can't use 7450. He already lost
He said intraday doesn't count. DOW never closed below 7552, but had an intraday low twice below that. 7464 and 7392!jbenko_IHB
New member
awgee said:
I agree, I think we stop at 6-6.5K though and have a pop. But we do head lower...2-3K wouldn't shock me.
bltserv_IHB
New member
BlackVault CM said:awgee said:
I agree, I think we stop at 6-6.5K though and have a pop. I think DOW goes to 2-3K personally
BV
If it goes that low for Equities just think about other asset classes.
Real Estate could be in even worse trouble. Just think if it tumbles
70% off its highs.
Personally I think we will get down to about 5000 Dow. 500 S&P. Then a long slow
return back up to 9000 over a few years. The issue is predicting that bottom and its timing.
I think tomorrow will be another small loss. But all its going to take is some
unforseen event or statistic to spook the market and we could lose 700 points in a day.
Thats a 10% loss now that we are in the 7000 range.
usctrojanman29_IHB
New member
BofA and/or Citi getting nationalized would do it.bltserv said:BlackVault CM said:awgee said:
I agree, I think we stop at 6-6.5K though and have a pop. I think DOW goes to 2-3K personally
BV
If it goes that low for Equities just think about other asset classes.
Real Estate could be in even worse trouble. Just think if it tumbles
70% off its highs.
Personally I think we will get down to about 5000 Dow. 500 S&P. Then a long slow
return back up to 9000 over a few years. The issue is predicting that bottom and its timing.
I think tomorrow will be another small loss. But all its going to take is some
unforseen event or statistic to spook the market and we could lose 700 points in a day.
Thats a 10% loss now that we are in the 7000 range.
WaitingToBuyByAndBy_IHB
New member
I'm interested to see if the DJIA circuit breaker goes off tomorrow to see if Roubini gets another prediction fulfilled.
http://www.nyse.com/press/circuit_breakers.html
http://www.nyse.com/press/circuit_breakers.html
Trooper_IHB
New member
I didn't have time to post before I headed off to work yesterday....but I have to tell you. The first thing I did when I woke up around 3:00 in the afternoon, was click on the TV to see what the market closed at.
I simply HAD to see if Morekaos lost his bet with BV ! (No kidding, it was my first lucid thought after I woke up.....) sad, but true.
I lurk on this thread and *wish* I could figure out what the heck you guys are saying.
I simply HAD to see if Morekaos lost his bet with BV ! (No kidding, it was my first lucid thought after I woke up.....) sad, but true.
I lurk on this thread and *wish* I could figure out what the heck you guys are saying.