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SKYY
 
anyone buying Stocks today?

Seems like a good day for buying...everyone's scared to death about Korea's conflict, Europe's debt, etc.

Who's playing this stuff today?
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Old 05-25-2010, 07:39 AM SKYY is offline  
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#1  

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Cannondale
 
I've been anihilated in this drop the last few weeks. Even so, BUY. Very strong support levels accross the board today, indexes, stocks, the Euro... The drop is over done.
Old 05-25-2010, 01:14 PM Cannondale is offline  
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#2  

SKYY
 
Hey, go figure, I said buy at -2%, it closes at -0.23%.
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Old 05-25-2010, 04:37 PM SKYY is offline  
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thescapeman
 
I think long term we will see annihilation in the next few years as governments start to default. The debt never really did get out of the system. Pretty much every government in the world is having major debt issues. The chips will fall eventually, but I think in the meantime we will find some support where we are at.
Old 05-25-2010, 06:21 PM thescapeman is offline  
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#4  

Cannondale
 
Most likely run back and forth between two major support and resistance levels. Yesterday's lows could be the lower support level. Very much doubt we'll get much further beyond last month's highs.
Old 05-26-2010, 12:48 AM Cannondale is offline  
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#5  

SKYY
 
Quote:
Originally Posted by thescapeman View Post
I think long term we will see annihilation in the next few years as governments start to default. The debt never really did get out of the system. Pretty much every government in the world is having major debt issues. The chips will fall eventually, but I think in the meantime we will find some support where we are at.
Far too gloomy. I'm with Cannondale.
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Old 05-26-2010, 06:28 AM SKYY is offline  
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#6  

Lurker
im a dumbass who posts my bosses credit card number onto the internet for people to abuse
 
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Ill buy when the dow hits 6000.

Until then gents. I give it 2 years.
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Old 05-26-2010, 09:23 AM Lurker is offline  
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#7  

tunaman
 
Im with Lurker on this one. Just yesterday Marketwatch posted an article titled: Warning: Crash dead ahead. Sell. Get liquid. Now. I would reccomend you heed the warning. The huge 1000 point drop a few weeks ago highlighted a huge weakness in themarket. Why? Because the only volume left are the high frequency traders that use supercomputers to make money in the miniscule market fluctuations that thrive not on a healthy market but on a volatile one.
Old 05-26-2010, 08:16 PM tunaman is offline  
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#8  

SKYY
 
Quote:
Originally Posted by Lurker View Post
Ill buy when the dow hits 6000.

Until then gents. I give it 2 years.
Where were you in 2009? You missed it.
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Old 05-27-2010, 04:47 AM SKYY is offline  
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SKYY
 
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Im with Lurker on this one. Just yesterday Marketwatch posted an article titled: Warning: Crash dead ahead. Sell. Get liquid. Now. I would reccomend you heed the warning. The huge 1000 point drop a few weeks ago highlighted a huge weakness in themarket. Why? Because the only volume left are the high frequency traders that use supercomputers to make money in the miniscule market fluctuations that thrive not on a healthy market but on a volatile one.
Dude, that was a brokerage error--some guy clicked sell for 1 billion instead of 1 million.
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Old 05-27-2010, 04:48 AM SKYY is offline  
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#10  

Cannondale
 
We'll see the 6000s again during the next economic slow down in a decade or so. Until then we will have a continuing recovery followed by the next boom period, whatever that may be.
Old 05-27-2010, 08:57 AM Cannondale is offline  
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#11  

Lurker
im a dumbass who posts my bosses credit card number onto the internet for people to abuse
 
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Quote:
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Dude, that was a brokerage error--some guy clicked sell for 1 billion instead of 1 million.

Do we know this as 100% fact?

Quote:
Originally Posted by SKYY View Post
Where were you in 2009? You missed it.
Not in a position to spend money.

Quote:
Originally Posted by Cannondale View Post
We'll see the 6000s again during the next economic slow down in a decade or so. Until then we will have a continuing recovery followed by the next boom period, whatever that may be.

We will see it WITHIN the next decade, but certainly not after it.
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Old 05-27-2010, 09:33 AM Lurker is offline  
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#12  

SKYY
 
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Do we know this as 100% fact?


Not in a position to spend money.



We will see it WITHIN the next decade, but certainly not after it.
What makes you think that? I don't really think the DIJ is likely to see 6K again, given current global realities. Sure, if nK shells SK, or Germany declares bankruptcy, or Iran nukes Israel, things might take a turn for the worse; but those are very unlikely situations. At least, to me they seem unlikely.
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Old 05-29-2010, 04:54 AM SKYY is offline  
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#13  

laz
 
Quote:
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Dude, that was a brokerage error--some guy clicked sell for 1 billion instead of 1 million.

Do you read the WSJ? Those journalists, if they themselves are not experts, know and routinely are in contact with the most informed and intelligent traders and market experts on the planet. They have done some investigative journalism on the 'Flash Crash' and they still are clueless as to how that sudden drop happened.
That 'fat finger' rumor has not been verified nor do their journalists think it in it of itself is a reasonable cause for the crash.

As for the direction of the market, I've no idea. Sovereign debt is indeed a serious problem but I think that will mostly just impact currencies and not be the downfall of governments themselves. We are not gong to see Armageddon in the markets or on Earth as a result of the debt. Now political instability on the other hand is a serious concern!
Old 05-29-2010, 07:44 AM laz is offline  
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