There is some truth to this. It was a well orchestrated and powerful move and very nicely executed in the last 30 minutes so you donot get a chance to hinder them for another 2 days and sit there licking your wounds and boiling over the weekend. Lots of shorts got burned in hell.... serves these bloodsuckers right! Whoever did this I salute them, please do it again...please ..please..
think you are waisting your time. The people here who did not see the reversal signs before the news hit the wire cannot understand that there are people who did see them. Also its so naive to assume that since a lot of banks knew ahead of the news release about the bailout plans because they had to finance them - to assume there was not any front running of them.
Yes, exactly. Such bailout plan needs a lot of money - and those financing it must get a bit compensated for the effort. Business is business. First small part was after Gasparino. If there will be no Gasparino than they will arrange something else.
you're right! I read BSAM's post & decided to spend some of my own time to explain to the ones interested what I saw, unfortunately, as in many other threads on ET, we have a group of people that are here for very strange reasons indeed. They really need to consider either not posting whenever they do not intend to offer any informational benefit to others or post implementing constructive criticism. Alternatively there is always Yahoo message board
Have any of the same traders that "saw" the reversal signs ever seen them before and a rally didn't happen? It's a percentage play. Sometimes you're right and sometimes you're wrong. But to make it seem like a foregone conclusion is wrong IMO. Joe.