Okay now that the banks have rallied many will say ok now what. Its 2 days until tax crunch time. If you got C at 1 and its up to 300% plus your fine. If you got BAC below 5 your up 100% thats fine as well. But if you took the GOOG trade as was discussed here where are u.369 to 372.... WOW great trade... Its not about being right on the market its about knowing where to allocate your resources especially if you are wiped out. We are in a bear market rally so don't be fooled. Here is where you separate the boys from the men. The men take this information and trade for 20 to 30% moves making more money than the boys. The doom and gloom is about caution. Check the posts- AIG-50-150, C 1-3.79, BAC3-11, and so on. Im right on the macro because Im right on the MICRO... GOOG is basically flat in the same time frame. If you bought in April 1 into financials you made a killling. If you bought tech you are getting nothing... Beware of this GOOG Im telling you something is not right...(Pure speculation-nothing more---Disclaimer)
Give that poor guy a break, people! He has been right for the past month. I am not a perma bull. But I am not a perma bear either. I take what the market wants to give me. GOOG has risen from the low of below 300 to 380 today for the past five weeks. Even counting just from the first post of this thread: 3/30/09, GOOG went from 350 to 380. It's a 10% rise in 2 weeks. It may not be much for you people but still a respectable gain - compared to the bozo mutual fund managers' -45% in year 2008.
i think i posted in another thread here (do a search on me if want) that i nibbled at goog at 265 last fall. i only wish i bought more.