Last edited by Marvin S; 03-11-2009 at 09:45 AM.
Everyone's friend is No One's friend
Someday your life will flash before your eyes. It's your responsibility to make sure it's worth watching!
I hope you're right Marvin , but I think today was just a beginning of a bear market rally .
Would like to be wrong as I have no where to go but up ! Nice buys Richard , care to tell us what you're going to buy tommorrow , today .
Last edited by brlcon1; 03-10-2009 at 09:34 PM. Reason: typo
Already cashed the PFE gain and GE letting Citi ride. kind of dumb luck.
<Looks like I cashed in too early. Just bought 100 shares of INTC. As far as cashing in early No Guts-No Glory
I am going to buy PFE again after the weekend and this will be bought for potential gain plus the 10% dividend that I enroll in a dividend reinvestment
Today's trading could be a sucker punch.
Make people feel like it has bottomed out and get them to buy. Market goes up a couple of hundred points. Then, another several 100 point drop with sellers making profits from those that just invested.
Remember who is in charge.
The so called sucker punch cost me the 13% gain in GE today. Bill my brocker is me on E*Trade I think I might be the fool of the client. I was going to buy 200 more of GE and the news of the rating change from AAA was'nt as bad as feared and my bid price was one cent below the ask as it rocketed up.
Fear of the 500 bottom caused me to take some and sell. If history falls true this should act like a bear market and retest the lows. I think Friday some will take their profits.
Booty today Long investments were 3:1 over the Shorts.
Last edited by Richard Halstead; 03-12-2009 at 05:51 PM.
And shorting is illegal. Look for that practice to get get much closer scrutiny as some feel is is a big part of the problem.
Richard , don't beat yourself up for taking a profit in this market . Remember , hogs get slaughtered ! You can always use maket stops as a protection against a big drop . I still think you made some good buys and sells !!
Citi is up over 40% today to 2.49 from the 0.91 share low and BAC Bank of America up to 6.90 from it's low of about 2.10 GE is up to 10.31 from the 7.55 open 3/3/09.