Interesting to see how these stocks finish the day. We had extreme volatility in the opening rotation.
There was a lot of forced liquidation going on since last week. The open looked like capitulation. Flash crashes don't come around often, but when they do, it pays to pick up some good stocks at serious discount. Doubt that these stocks will recover to new highs from here, but probably see some nice fast gainst nevertheless.
amazing to see how low some of these stocks went, You really had limited time to pick them up, 2 of my accounts were down so it was difficult to trade in the first 30 minutes of trading, I was lucky as of now to sell 2 stocks I owned close to their highs of the day, but aside from looking back now on the opening and seeing where some stocks traded is absolutely amazing....
I agree 1000%, they can still fall further, if this market doesn't get into the green today it could end up being a nasty close.....Im as bearish as they come but seeing the dow off 2000 points in less than 3 full trading days has to make you think there is a bounce coming....unless there is something underneath the surface we haven't seen yet thats going to drop these markets another 60-70%.
TQQQ was $65, now near $90 INCREDIBLE!!!! massive %%% gains if you were able to get in longs or get out of short positions at the open. I got lucky to sell SDOW and SDS near their intraday highs this morning...
Exactly. The fear was palpable. IMHO, at the end of this week it will be clear that buying fear, especially extreme fear pays off.