Blood in the streets it's up to my ankles...

Discussion in 'Trading' started by jsimmons, Oct 6, 2005.

  1. Ahhhhhhhhhhhhhhhhhhh
     
  2. huangks

    huangks

    Black monday 1 week before the anniversary of the old black monday 1987.
     
  3. Brandonf

    Brandonf ET Sponsor

    I have been short for a bit and unfortunatly started covering most of them yesterday, finished them all up this morning. I was thinking about buying some of the names that are holding up and breaking out, GES, TOO etc but as I go into all the free chatrooms and message boards everyone is hollering about the blood in the streets and it kinda worries me. Those that are not jumping up and down about buying the blood in the streets are calling it 1987 all over again. It would not shock me if both parties get screwed by more sideways chop as this entire big move down has done nothing but bring us down to the bottom of the range we have been in for a few years.
     
  4. Better get my ATM straddle in on Friday then... LOL
     
  5. just21

    just21

    Have plunge protection started buying or is there news?
     
  6. Bowgett

    Bowgett

    White knight heard long's prayers :p
     
  7. huangks

    huangks

    ever heard of "dead cat bounce"?
     
  8. Bowgett

    Bowgett

    Yup. Bunch of greedy shorts got caught with their pants down.
     
  9. Quiet1

    Quiet1

    don't you think a crash is exceedingly unlikely when the likes og GOOG and JBLU are up on the day on a day like this.

    It's just a failure for the RECENT pattern of "buy the bad news cathartic selloff" that happened after the these hurricanes IMHO.

    Those who bought the bad news are now holding the bag for real buyers...

    :D
    Q1
     
  10. Htrader

    Htrader Guest

    Since when did a 3% drop in the indices become a "crash"?

    The move lower in the oil sector though, now that is a serious correction.
     
    #10     Oct 6, 2005