Stock Market

[dblack1]

That site is horseshit.

It is entertaining, just like Cramer, which the same can be said for. Last night he called for a up day, same as the night before, hell he'll eventually be right if he stays with the same up day horseshit.

[Broncojohnny]

Over at zero hedge they are calling for a UE turd. Possible it goes above 9.2.

That site is horseshit.

[dblack1]

If the unemployment number is pristine you might see a bounce back. If it even smells like a turd you are going to see more pants shitting fear and refusal to hold positions over the weekend. Just my opinion and my guess.

I don't buy until there is blood in the streets, there may be some tomorrow.

Over at zero hedge they are calling for a UE turd. Possible it goes above 9.2.

We will see. I have been watching IR also, but US steel (X) is starting to look good again, along with 3M and PPG.

[Broncojohnny]

Yeah, I agree but granted everything is down 4% I am taking a chance. The two stocks I bought in at are a couple pennies from their bottom. Worst case scenario I lose a few percent.

I know its not a very accurate indicator of how tomorrow will be but I have looked at 10-15 large companies, goog, aapl, few banks, and they all seem to be green afterhours. I am only looking for a quick 2-3% short gains tomorrow from each one. I am happy with a 6% day.

What were you guys laughing at about TYP? I know nothing about it but but I do know it finished almost at 14% today.

We were laughing at the fact that you know nothing about it.

There is a good chance that you'll see an up day tomorrow. I just think even if you do, we got some down days coming next week. This was the worst day we have had in years and usually you'll see more ups and downs before things settle out. Don't get me wrong though, I don't know what it will do, no one does, I can only guess just like the talking heads.

I can say with absolute certainty that if we get another day or two like this there will be some really good prices on shares that should be kept forever. There is nothing that makes me believe that this is anything different from the Japan incident earlier this year. I've got about $20K in dry powder and I'll be bringing it to the table if that happens and probably unloading it 20% at a time, just in case we go lower.

Also, if the Fed comes out and says they will calm the markets with asset purchases, all bets are off, we'll take off for the moon. It could happen.

[347Mike]

If the unemployment number is pristine you might see a bounce back. If it even smells like a turd you are going to see more pants shitting fear and refusal to hold positions over the weekend. Just my opinion and my guess.

I don't buy until there is blood in the streets, there may be some tomorrow.

Yeah, I agree but granted everything is down 4% I am taking a chance. The two stocks I bought in at are a couple pennies from their bottom. Worst case scenario I lose a few percent.

I know its not a very accurate indicator of how tomorrow will be but I have looked at 10-15 large companies, goog, aapl, lnkd (4% afterhours) and a few banks, and they all seem to be green afterhours. I am only looking for a quick 2-3% short gains tomorrow from each one. I am happy with a 6% day. If its more, super good, but if not I am happy with a few percent.

What were you guys laughing at about TYP? I know nothing about it but but I do know it finished almost at 14% today.

[Broncojohnny]

I purchased some shares today hoping for a small bounce of some sort tomorrow. I have my stops set closely. We shall see.

If the unemployment number is pristine you might see a bounce back. If it even smells like a turd you are going to see more pants shitting fear and refusal to hold positions over the weekend. Just my opinion and my guess.

I don't buy until there is blood in the streets, there may be some tomorrow.

[KBScobravert]

Nice way to face plant at the finish line. Down over 500, ouch.

You got that right.

I can't wait till tomorrow.

[mstng86]

ahhhh we need to stimulate the economy, everyone go out and buy electric generators!!

[347Mike]

I purchased some shares today hoping for a small bounce of some sort tomorrow. I have my stops set closely. We shall see.

[AdamLX]

Nice way to face plant at the finish line. Down over 500, ouch.

[347Mike]

Close to -4% just a short while ago..

[AdamLX]

Good times on the market!

[03mustangdude]

grbt still at .0001............

[347Mike]

Oh god

347Mike I think you are about to lose some money

I shorted, was in a total of 2 days.. I made 6% off of it and sold. I don't own it anymore. That was its first bump up around the 11th.. I don't hold long. The longest I have held a stock was one month and that was because my timing was bad and premature.. I still made money off of it though.

Oh, and btw, remember that penny stock I was inquiring about putting $100 in? Well its up 700% since that conversation.. lol

[Broncojohnny]

Lmfao, it's a 3x levered bear technology etf, of course it does!

Oh god

347Mike I think you are about to lose some money