Anyone think massive reversal around 230 ?

Discussion in 'Trading' started by wiesman02, Nov 28, 2007.

  1. Didn't Wells Fargo just announce some exposure to the mortgage mess ... like about 12 hours ago?
    #11     Nov 28, 2007
  2. S2007S


    Yes they did, upwards of 1.4 Billion, it seems today this news can be ignored since the federal reserve will once again drop rates by 50 basis points, because this is the smart thing to do...HAHAH

    :p :p :p :p
    #12     Nov 28, 2007
  3. S2007S


    Cant wait to tune into cnbc today and see how happy those talking heads are, that the so called bear market and recession can now be forgotten...
    #13     Nov 28, 2007
  4. Joab


    It won't happen because I got trapped ... but I'm rooting for one :cool:

    I conquer with the short squeeze poster :(
    #14     Nov 28, 2007
  5. Rally monkey into close...Gay, I sold long yesterday. Always happens to me.

    Sure, go to 13.3k....f me.
    #15     Nov 28, 2007
  6. S2007S


    dont feel so bad, i sold my UWM at 60.50 since then I have seen it add another 2 dollars

    sold my XLF at 29.75 and saw it move higher as well.

    Its impossible to time it perfectly, I even went long some inverse funds a couple of hours ago, thinking this rally has some pulling back to do.
    #16     Nov 28, 2007
  7. Sobieski


    we need stock_trad3r back.

    market started surging as soon as he left.
    #17     Nov 28, 2007
  8. When he comes back, its time to short.:D

    He gets real bullish at market peaks at 14k. He is like Cramer.
    #18     Nov 28, 2007
  9. Sobieski


    I am going to get rcanfiel to start a "who wants stocktrad3r back?" poll.
    #19     Nov 28, 2007
  10. Okay, I will do a stocktrader:

    Buy, there is no credit crisis.

    FED is your friend. Uncle Ben loves you. 50 basis points cut and we are at 14k DOW. No risk. All upside.

    America has no problems. Just keep buying...never sell. Dow 15k by year end.:D
    #20     Nov 28, 2007