momentum stocks get crushed in a bear mkt. He may have a somewhat diversified list, but they are last years ponies. long story short...broke...If he is margined, yikes
Oh wow, I just read this entire thread. This putz is crazy! I know...This will...blah blah..wow ego is a scary animal, especially when one has no clue
In all fairness, guys like stock_trad3r are a vital part of the market dynamic. If we didnt have guys like him, it would be ever HARDER to make money than it already is
Nasdaq next target: $2300-2500 Not this year. Take a look at the Q weekly chart. Put in a 7 day SMA and a 89 day EMA. Take a look at the past three years. When/if the 7 day comes back up through the 89 day, buy. It's no more complicated than that. If that doesn't happen by fall we're seeing the end of the 3 year bull market. You can see on that chart we've already broken the low trend line.
Oh how I wish that were true. Way too many black boxes to try and scalp now.. I make one bet, bullish or not..I made a bad mistake by covering a bunch of shorts on 5/11. By 5/13 I knew I was an idiot to cover, reshorted and have been sitting sitting still. Maybe I cover in the fall, but probably not. We are in a bigtime sell off
Still here i have 5 stocks you know. So even of one of them goes down 8% in a single day when distributed amoung all 5 of them is is only about 2% loss from the total average. ALso, the selling is done. Nasdaq rebounded sharply off the 52 week low. See link below. http://finance.yahoo.com/q/bc?s=^IXIC&t=1d&l=on&z=m&q=l&c= and http://finance.yahoo.com/q/bc?s=^IXIC&t=1y&l=off&z=m&q=l&c= I have lost a chunk of money thus far and im in the pits but all isnt lost though since the makrets have been getting hammered. Thus far, CHAP stinks. Earnings went south. TIE bfft Goog only down 2% AAPL bfft Yea this sucks but if the nasdaq recovers (whihc it will) all my picks will go higher. it has only been about 2 weeks since I started this experiment anyway. If I quit now, that would be jumping the gun. Im going to sit it out since this is probably the bottom form a technical standpoint. Geo political events wont sink the market. Nor will high oil. Companies making too much cash. Fed is going to stop increasing rates. Storng economy. This isn't like 1991 or 2001 when the economy was showing real weak signs.
No one would advocate you quit. But take all the silly bragging and boasting claims of how easy it is to make money in the stock market and squash it now. There really is no place for that and I hope the market has taught you that over the past few days. If you are in for the long haul then you have to absorb this peaks and valleys. But a bragger is someone with no respect for the risks and skills in investing and is like a single nail... and the market is the biggest hammer you have ever seen
Thorn rarely ventures to another thread, and rarely mentions a specific stock. So when I did question chap @ $74, you should have known something was about to go stinky for you.