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what the heck is going on...

Started by A-ha , Apr 28 2008 01:05 PM

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11 replies to this topic

#1 A-ha

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Posted 28 April 2008 - 01:05 PM

I thought this leadership sector would reverse to the downside last week. Is it breaking out? I tend to believe this is a fakeout but what the hell do i know.

Isaac, do you still suggest me to sell everything I hold before the Fed? Should I sell my real estate longs here? Same with the financials, I am confused like hell. Anybody thinks this ******** may drop here? denleo, are you still shorting or buying puts?

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#2 redfoliage2

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Posted 28 April 2008 - 01:21 PM

Probably it's a dead man walking...... :lol:

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#3 A-ha

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Posted 28 April 2008 - 01:27 PM

Probably it's a dead man walking......

Is it a new pattern? clarify please.

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#4 isaac613

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Posted 28 April 2008 - 01:30 PM

Atilla, You could do whatever you want. I think the market will go down sharply pretty soon. You could decide what to do with your money. You are the expert I thought.

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#5 mike123

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Posted 28 April 2008 - 01:38 PM

In past recessions mortgage rate drops to support the real estate sector, now it is rising.
With ever higher inventories and rising mortgage rate there is no way real estate will break out.

http://www.washingto...8042501666.html

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#6 A-ha

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Posted 28 April 2008 - 01:39 PM

Atilla,

You could do whatever you want. I think the market will go down sharply pretty soon. You could decide what to do with your money. You are the expert I thought.

Dont say so... you sounded quite different when you dedicated your NYX short to me a few weeks ago. Although it cratered little bit afterwards, I think you made money on it didnt you?

Atilla this one is for you, Long nyx at $63.

You still think banks are ripe for a sell off to new lows?

Warmest Regards

Edited by A-ha, 28 April 2008 - 01:43 PM.