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Thread: ok, no selling tomorrow guys

  1. Default

    Sell what? I'm all out of stocks.

    To be honest with you, I hope the selling continues and the damned DJIA goes sub-11,000. At least then the risk wil be out of the market as all the pseudo-rallies based on the belief the FOMC was almost done will be negated. I will then be able to buy stocks without the worry the market is going to drop 100 points or more on a whim.

  2. Default ok, no selling tomorrow guys

    I'm not selling. I sense a low housing # on Thursday; i.e., a rate pause in June. I think the markets will be bullish for a couple days now.

    <----- My avatar is primed to ride the bulls. Are you one of them? I am!

  3. Default

    I was talking to a friend of mine that has commodity stocks in uranium, gold and silver. He is dumping them because of the last few days. I used to do that but I think things will stay as they are forever. I'm usually the one to dump in a panic but I refuse to dump this time. Cameco and Titanium Metals I think will come around for me. I have shifted my 401K and Roth IRA to conservative accounts. If the sky falls I dont want a total collapse.

  4. Default

    Careful chasing them dead cats.. I am thinking this downtrend continues for 2 to 3 more weeks. Many issues have hit bottom, but the tape will continue to depress you for at least 10 more days. My humble opinion.

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    I'm leaning in this direction... I'd be real cautious, summer, this year has started early and we may have already had our summer " pop " in spring...
    I'll just sit on the sidelines for a lil while and watch the " Prodigy"s and the Chinaman trade...
    Good luck to all!

  6. Default

    I took my profits today. I was at 2.6k on Friday and I am now at 3.1k on Tuesday. I might have took profits early, but you can't lose when you lock in profits. I'm more of a day trader anyways.

    What I think about the rest of the week is this. The housing #'s will be low tomorrow and Thursday due to rasing interest rates (good) but the PCE #'s on Friday will be high with respect to high energy prices (bad). Just to warn those ahead of time that good news is coming before bad news. This is just my opinion. However, I'll be shorting again on Friday if the PCE # is high.

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    I'm with you on this one. I think this bounce in crude oil is a sucker's bounce. The hurricane report that is the basis for the bounce in crude futures was common knowledge. The 2-3 bucks a barrel that resulted will come back out and the oil stocks will fall as well. I will wait on the sidelines for a few more weeks to buy anything if I do at all.

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