I feel your pain. Closed out all my positions (all long) by 3pm, only to see the quotes at 4pm. Should have been 5K richer.
hell yea it will be. MBI is screwed but ABK is gonna have a rescue plan announced next week and porbably have a sharp increase in its price.
The Dow and the S&P 500 turned higher, while the Nasdaq cut losses, after CNBC television reported that a bailout for bond insurer Ambac Financial Group Inc (ABK.N) was imminent, causing financial shares to reverse losses
I did great last 30 minutes.. made a mint.. BUT STILL THIS MARKET SUCKS!!.. I guess never short a dull market?? rigged against shorts... UNBELIEVABLE!
These are fluctuations that some bet on. It affects those who play cat and mouse with market. The trend of the market is still healthy
If you look at an es 5 minute chart it looks like bulls got the gaspirino memo right around 14:55 est to get long. Bears rejected this move because Gaspirino had to take a dump. New lows were made and Gaspirino finished wiping his ass around 15:25 est and bang shorts destroyed. I really have to quit putting cnbc on mute with Gaspirino being the puppet of both shorts and longs.
It was a manipulation in the last 1/2 hr when a huge buy program hit your asses who were short. How was it ?
It was really clear! We were trending down and then went into consolidation. Made a false break to the down side If it could not sell off then the break back above 35.75 was a clear buy!