Regarding SPX, I think we will see a 15% correction to at least 1765. The market will run the 10% stops at 1810-1820 all the way to 1765. Then a bounce from here for short term. All these small hands have 10% stops built into the market including some of the dumb big money such as mutual funds and sovereign wealth funds. The institutional traders and hedgies are going to make these guys pay this time. I've been waiting for this trade for over a year now.
I'm talking about in the near term. I doubt it goes to 1765 before end of year. First half of next year your technicals make sense but not in the next two weeks
UGAZ dropped to a new low again today ($8.12) so I ended up buying in. Figured the downside was less than the upside. It's not like gas will become free, right?
got tlm on avg at 4.50 and sold today.. Wish I invested lifesavings...obvi..but made a couple G's. Just out of curiosity are you qucik investing 1-10k? more?
I think we could see 1930 this week on spx unless the fed news leads to some rally, but rip selling isn't out of the question.
Went ahead and took profit. I'm biased to the upside for the rest of the year still, but I want to be cautious here. Was too much profit to leave on the table.
If this thing can't sustain a rally today you might want to hold onto your hats, because it could get hairy. Every rally seems like it's been getting sold rather than the other way around that we were seeing for about 2 months straight.
I have this free Merril Edge account through BOA that allows me 30 free trades per month.. right now I'm up about 325.00 so at what point do you sell? do you typically sell when you make a decent gain and look for that next stock to pop or just let it sit there for years and see what it does over time
any of you guys ballsy enough to buy like 40K of a stock when I dips and loses like .81 then once it rebounds take your profit and try again?
This is way to general of a question. There are tons of factors that you should consider. Do your best not to blow up your account man.
ok for instance SUBCY I bought at 9.66 103 shares just sold it at 10.76 it would have been nice if I would have bought 40k instead of only 1K
