I bought some skf close to 59 this morning. After a triple bottom, I am pretty confident about my purchase. I want to catch one of those 2x swings this stock has.
Anyone else noticed that INTC and ORCL are down 50% after hours -- is this the end of the U.S. economy?
Ugh. Again, SKF doesn't measure anything over the long-term. A triple bottom in it is completely meaningless and should never be used as a measure for anything. The index it measures didn't have anything resembling a triple top.
It behaves a certain way. Usually that range used to be buy at 100 sell at 200. Now that range has changed. I think around 60 is the floor. I could be wrong and have stops in place for that.
No, it doesn't. The SKF just moves based on the inverse of the IYF. Any "trends" you're noticing are complete coincidence. Unlike stocks that can be bid up or down at will, SKF has an actual, inherent value and will always measure that. If the IYF is at 100 and falls to 95 and then goes back to 100, the SKF will lose value. This happens every day and the SKF continually loses value. That's why the IYF is exactly where it was at the beginning of December and the SKF is now 64 while it was around 160 back then. If you're going to make buy/sell decisions on SKF based on top or bottom formations, do it based on the IYF's tops and bottom's. Otherwise, you're just going to get lucky or unlucky, but the SKF is not going to be moving based on what you're thinking.
There was a ticker glitch at 20:01 pm est after the afterhour markets closed. Half dozen stocks showed only half the price on nasdaq.
Got out of my USO calls today. It might go a bit higher in next couple days but like my boy always says...it ain't a gain till you take it off the table. So let's say GM declares bankruptcy...does that imply Ford goes up since they will be *the* american car company or will Ford go down due to no confidence in auto industry in general?
There was irrational fear around it just because it was an auto company and guilt by association. I was expecting it to take much longer to go back up.
Microsoft's sales went down for the first time in 23 years. I don't see how the economy is going to get better.
it won't. pull all your money out and buy roxran storage sheds right away!!!! convert your change to gold.
