huge stock market rally is over for now!

"The Niederhoffer Hop"

Thank you! you made my day!

 

Yo no sey.

I guess he's hiding under a new username?

 

Anyone buying the dip?

All the bulls are calling for a dip of a few percentage points followed by a run to 1050-1100 on the s&p.

Is this the dip?

 

churnfest market, this is what it is

 

Probably. Why don't you tell us what positions you've imagined yourself into this time?

 

was long 1000 rfn @ 6.5999999


sold those today at 6.86

quick $250, another hour and I would have pushed it to $500 but with the bulls out in full force taking quick profits is the only way to play this insane bear market rally.

 

That's odd. I thought you went long RFN back a few weeks at 9 and change. Let me guess, you miraculously got out of that just in time?

Yeah, here it is:

http://www.elitetrader.com/vb/showthread.php?s=&postid=2502857&highlight=RFN#post2502857

 

You are right, thats in my IRA, I still hold those shares at a loss, the 1000 I bought is in my trading account. Two different accounts.

 

Ah, good of you to clarify. I'm still at odds over the whole "trading" account when you said (many, many times) you were an investor and didn't "trade".

 

I said I DIDNT trade for a living, I do trade though a 5-10 times a week in my trading account, I do not do it full time.