They aren't getting too much milage out of doom and gloom today. And the time is running short on this dip.
Time for the shorts to start covering.
Started by
ogm
, Oct 18 2007 11:36 AM
8 replies to this topic
#2
isaac613
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Posted 18 October 2007 - 12:03 PM
I see the opposite happening. Buying qid here. Looking to sell at $37 this afternoon.
#3
denleo
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Posted 18 October 2007 - 12:03 PM
Bears have two choices: cover now or cover a lot higher after GOOG's earnings.
It is up to them.
Denleo
#4
ogm
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Posted 18 October 2007 - 12:19 PM
I see the opposite happening. Buying qid here. Looking to sell at $37 this afternoon.
I'm not sure what you see.
Doom and Gloom is as thick as ever, and we're not even close to yesterday's lows.
#5
MacRo
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Posted 18 October 2007 - 12:22 PM
Tommy wants to bid on stocks
GOOG won't hit his strike
He's down on his VAR - It's tough...
so tough...
Gina shorts high betas all day
no stop on CAM, she brings home no pay from LUV
from LUV.
She says "We gotta to hold on, they're hittin' our stops,
It doesn't make a difference if we make it a top,
We've got margin and that's a lot of funddddddsss...
RIMM looks overbought!!!!
Whooaaaaaaaaaaaaa
We're half way there...
Whoooooooaaoooo
Shortin' on a prayer!!!!
Odd-lot sell this CAM and we'll make it I swear,
Whoooaaaaaaa
Shortin' on a prayer!!!!!!
#6
mini-trader
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Posted 18 October 2007 - 12:30 PM
They aren't getting too much milage out of doom and gloom today. And the time is running short on this dip.
Maybe so but ES is lower than every close going back to September.
I did go long this morning
"Bottoms come fast...Tops take forever"
#7
grizzly
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Posted 18 October 2007 - 12:43 PM
Bears have two choices: cover now or cover a lot higher after GOOG's earnings.
It is up to them.
Denleo
FWIW, saw this posted elsewhere, saying GOOG often drops after earnings reports.
"Check out the last 3 qtrs...whether they beat big or just miss -the share price drops.
ER 1/31 closing price 1/30 = 501 3 wks later = 476
ER 4-19 closing price 4-18 = 471 3 wks later = 461
ER 7-19 closing price 7-18 = 548 3 wks later = 514
The first 2 qtrs were big beats...the last qtr missed by only .03"
#8
kc135a
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Posted 18 October 2007 - 01:07 PM
They aren't getting too much milage out of doom and gloom today. And the time is running short on this dip.
Seems both bears and bulls are having trouble.
It is earnings season so where are the new higher highs?
KC
#9
ogm
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Posted 18 October 2007 - 01:13 PM
They aren't getting too much milage out of doom and gloom today. And the time is running short on this dip.
Seems both bears and bulls are having trouble.
It is earnings season so where are the new higher highs?
KC
This is a very split market. But new highs are coming up.
Just pick your sectors.
Techs, Industrials. Telecoms, Biotechs/Medicals, Energy, Alternative Energy, Materials, Shipping.... Plenty of new highs there.
Retail, Financials ( Except asset managers), Housing related... all domestic spending related stuff..... avoid.
Its not easy to make new higs when only 2/3 of the sectors are participating. But they will be made.
Edited by ogm, 18 October 2007 - 01:14 PM.
