Wait For Follow-Through Day Before Buying

Discussion in 'Trading' started by S2007S, Mar 15, 2007.

  1. This is pure conjecture.
     
    #11     Mar 16, 2007
  2. MKTrader

    MKTrader

    It's also a week old and no longer relevant.

    The second round of the selloff wasn't on record volume. In fact, the day with the lowest intraday low reversed and closed higher with stronger volume...definitely NOT a bearish sign.

     
    #12     Mar 16, 2007
  3. duard

    duard

    OK got it you're long....


    Good luck with that......
     
    #13     Mar 16, 2007
  4. Nope. I just don't believe in armchairing variables that are steeped in baseless fantasy - like sellside desks unloading and the specialist trying to screw you specifically. All that BS is a just an excuse used by mediocre or loser traders.
     
    #14     Mar 16, 2007
  5. duard

    duard

    Perhaps it was a little paranoid and over the top but there is a lot of truth in there don't you think...
     
    #15     Mar 16, 2007
  6. That there are sellers in a declining market? Sure. But, I see no point in forming a conspiracy theory. The market is set up so that most players can play anonymously. To distract oneself with obtuse theories of motivation of people you can't even, for sure, say are participants at the specific moment is a complete waste of time and shows the true sophistry behind one's analysis.
     
    #16     Mar 16, 2007
  7. Markets going green again today

    shorts only had one good day in the past 2 weeks. Big selling in tuesday and the buying resumes again. Load up
     
    #17     Mar 16, 2007
  8. Roger that stock, you are the man. Where can I get some pom poms to dance around my office while praying?
     
    #18     Mar 16, 2007
  9. I am sorry to burst your bubble, but if you don't take my word for it, take Dave Viniar's (GS). This is not conspiracy, this is how profit optimization works:

    Question: 'I was just wondering can you discuss internally the dialogue between doing -- even considering an option like (Fortress) for a portion of your funds?' Read: spin off the trading operations and sell it

    Reply David Viniar: 'We think there are tremendous synergies amongst our businesses....I think that our businesses together are a lot more valuable than separated' Read: We up- and downgrade stocks and entire markets the way that's most profitable for our trading operations

    http://www.stockhouse.com/mediascan/news.asp?newsid=8252606
     
    #19     Mar 16, 2007
  10. Great call so far.
     
    #20     Mar 16, 2007