Markets were pinned down @ open by shorts......to find a "quick exit by shorts"
Fed aggressive rate cut were "manipulated down 500 @ open by hedgies & their buddies"
Who say's...That markets "cannot be pinned down to down 500 level"
So let us get sequence right :
Pre-market futures down 500 on dow.....
Fed cuts by 75 basis.......@ 8.40 AM.....
Dow down 500 @ open......
100 minutes later Dow down 45 points.....on same news...?????
I highlighted the above to illustrate that it is important to have confidence & CONVICTION about your stocks......as rest is all MAJOR MYSTERY ...to put it mildly.....
As I highlighted after fed CUT...that it WILL put a FLOOR to this market......and it IS doing just that......
Markets will go through back & forth to solidify "the-bottom"
Now you will all HEAR.....positive things about fed move & market trends........
Because the POWER to be are all Bullish NOW...and they KNOW how to USE CNBC.....
My portfolio remained the same :
MA,AKNS,CSIQ,LDK,AGU & UEX.TO......
MA & UEX.TO are staying "green"....
While AGU,LDK,CSIQ & AKNS are "red "....
@ 11.26 AM the following on my watch list is green :
SIRF,BX,IGT,MSO,NYX,AUY,ABX,AKAM,JASO.
VIX did hit 36 area today......a "turnaround FEAR reading"
I hope that you all have become a better investor/trader as doing your OWN due diligence makes a "big difference"........
AAPL reports AH...I expect it to be a "beat & guidance in-line"...I hope !!!
Good ER from AAPL will give a big boost to the markets for wed.......
As long as we close above open LOWS...markets will be FINE !!!!
Good luck for close......
BLOG does NOT give buy or sell.
Saleem
23 comments:
saleem what do think about CAGC right here. put in buy 2000 sh. @ $2.10 only 500 filled so far.
Hi Dug,
Price is right for sure.....a good speculative Ag play....
Look @ SEED also....better trade !!
Saleem
Waiting for AH for AAPL. Not quite as nervous as I was last night, due to the 75 bases point FED rate cut this morning. Without it, I think no matter what was said in the CC, AAPL would have been punished.
We'll see.....
Hi Bruce,
Because of low valuation of AAPL..markets will give AAPL a "thumbs UP"
There may be a SPLIT ???
Saleem
Really tempted to increase my AAPL position, as the stock has moved up steadily since the open $146 to $157.50.
Hope your thoughts are right!
Hi Bruce,
If I could sell anything.....I would have bought AAPL....
Except for one...all my position are underwater.
Still trying to figure out ...how to do it ???
Saleem
Hi All,
This is like watching a whale feeding on a large school of small fish.
Nice Barron's effect on MBIA +$3.95
Standards
Hello Standardshigh
WHat did you buy? Nice Barron's effect on MBIA +$3.95. Was that you buy price?
Please expalin
thanks
Peace to all I gotta love the action on my MA. NYX is finally showing green, yes!!!!!
Madmax
Hi Madmax,
The Barron's article pumped MBIA this weekend.
MBIA has gone from about 70 to as low as $6.90. At article time it was around $8.50 this morning. It got a $3.95 boost, now selling $12+.
No sorry for me I did not get in, too fearful right now.
Standards
GOSH Standards:
I am very concerned too. I am gald that some of my funds are in a CD. Late October I got scared and moved funds the CD.
I did get on baord agin with buying more MA at $171 this morning. ( a tiny position). I hate holding the bag!
I think I will wait awile for this
market to settle down.
Peace to all
Madmax
I just want to puke, listening to GS economist talk the market short again. CNBC has GS on, in the last hour of the big day that the Bulls need to make a stand. She talks about the extreme volatility, like it is shocking to her. Yeh right, good act. I wonder if the uptick rule has anything to do with the new, unusual volatility? LOL... I still have not found a single reason why the uptick rule was lifted, other than for the big money to squash ALL HUMANS.
Hi Doug,
Abby Joseph Cohn is GS market strategist.....
It was amazing to see her WAFFLING as if she was unhappy that fed cut rates...
GS agenda is the-key here.
Saleem
Saleem,
4:50pm $139.66. AAPL so far in after hours is dropping like a rock. Very dissapointed and costly for me (if I was to sell). If AAPL's results cannot please the market, what can? Answer: NOTHING.
I'm hoping Mr. Jobs has some kinda suprise in the CC that will give AAPL a boost.
Tommorrow should be a very ______
day. I'll let you fill in the blank.
Hi Doug,
Yes you are so right about the uptick rule. Gives some the ability to push the market down, down, down. Its almost like they wanted a way to manipulate the market at their whim. I about crapped my pants when I thought about the implications of that one. Definitely insiders giving themselves a tool to work with.
If we combine our talents on this board maybe we could produce better results?
Standards
Bruce,
AAPL earnings were great! WOW!
AAPL was pumped up and dumped as earnings came out.
Typical behavior in a fearful market.
Buy after earnings reports when stocks get dumped. Sorry.
Standards
Hi Bruce,
AAPL definitely surprised me with lower guidance....
CC may give some explanation...as to why guidance is so much lower than consensus.....
AAPL has NOT done this ever...to guide so much LOWER....
Sorry for your setback....
Saleem
Saleem,
I'm sure you've seen the world markets today. This is not looking good at all. Any thoughts?
Standards
Listening to the CC. Analysts expect too much from AAPL!! But it is what it is and they and I paid the price in AH!
The glass half-full view for me is that if I have to get "STUCK" with a stock, I feel comfortable that it's AAPL, with it's unbelievable balance sheet, expecially it cash.
Just finished listeneing to the CC. All I can say is if AAPL gets punished for the kind of results they presented(product, profitability and balance sheet), G-D help the rest of the market!!
Hi Bruce,
We are all stuck with stocks. Hey the market finally made the local news down here in Atlanta! They interviewed a few investors (small timers like me) and they had their tails between their legs, like me. Don't feel bad, I think my paper losses are around $150k right now, maybe more. I have about 20,000 shrs with an avg cost of $50 each. Every down day hurts!
Standards
Hi All,
So the only way for all of us to win is by being patient now. I heard a fella say once that "money transfers from the impatient to the patient". I just hope that the oversold condition will bestow upon us, a relief rally that lasts a few days, so that we can all take some off the table, hopefully with a profit and maybe get repositioned for another down draft. Sorry for the AAPL Bruce and others. Standard thanks for the comment regarding uptick. Saleem, as always thanks for letting us all hang out at your place. LOL. At least You and your Wife don't have empty pizza cartons, overturned beer cans and cigar smoke on her drapes, to have to clean up. LOL... Truly wishing everyone strength and calm heads.
To all,
Thanks for letting me vent a bit! GRRRRRRRRRRRRRRRR!
Bruce
TO Standaards and Blog
Saleem thanks for you board and hard work , I appreciate a place to go in these hard times.
I am sorry for you all in AAPL. I was shocked by the sell off.
J Cramer said sell and avoid for now, he reverses like a dog!
I pary that tomorroe will bring wiser heads will prevail and we will have a nice up day.
Good luck all
Madmax
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