Dang, lots of different oppinions here. Some i agree some I don't. The way i see it and trade it, we are on the bottom. So I do longs of RIMM with cash, new popular products, and upward momentum and hype. Its a great play that has to be played smart in this volatile environment. But the same goes with all the stocks. I buy dips and sell them soon after because they dont take long to be profitable. If it moves against me, I see little point in dumping it because the next day it will be profitable. If we weren't on the bottom, then I wouldnt play this way. Even if we do test the lows, its really not that far away and Ill just buy more RIMM because it will massively rally up. Testing a low will certainly be the most profitable long to get, and I'll snap them up. But who knows if we will test bottoms with all the itchy trigger finger bargain hunters snapping up every selloff. Thats what base building is, and I would enjoy it immensely if we stay down here all year long. Its a traders paradise and everybody but Warren Buffet should be making money. And shorts can make good money to, but I just prefer being long at the bottom to enjoy the up breakouts. Today turned out to surprise negatively and I wish I had shorts, but I got cheaper longs, so Ill make money on the bounce back up towards killer earnings.
Knew that this was a ST3-created thread as soon as I saw the title. And of course it includes your normal razor-sharp analysis of the current market (above). Whats the matter, did someone pull the football away just as you were about to kick it? LOL
And it really doesn't matter because you haven't made a DIME off of your bearishness because YOU DON'T TRADE. If you did, you'd be more than happy to share a simple "screen-shot" of your positions; as many posters here have requested. But after nearly 8,000 posts on ET, you have shared nothing but worthless drivel. Congratulations!
Perhaps you had something like this in mind? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2301077>