Teflon, sorry I wasn't participating much today, but I was super busy trading my little brains out. Today was actually a better *daytrading* day than yesterday, as yesterday it was basically - buy at the bottom - hold - sell... a one-time deal. Today, because of the volatility, I traded like crazy. Mostly QCOM which I got to ride up and down a dozen times for some nice point spreads.
I just have to believe that somebody was purposely spreading rumors about the FED raising rates before the end of June meeting. My suspicion is that the moron analysts didn't see yesterday's rally, so they had to depress the markets today so that their institutions can load up on the cheap (it really angers me when they make bad calls, and don't take responsibility. If I made a price prediction, or market predication, and I was wrong, I'd come back and say: I was wrong, and here's why - but the analysts after being wrong COUNTLESS times, somehow are still respected by the public - why any investor listens to these bozos is beyond me. As a trader, the *only* reason why I pay any attention to them at all is because they can move markets). Bottom line, the idiots didn't call yesterday's rally, and now they want to catch the train, but they have to first give themselves an advantage by depressing the market.
Sorry, I'm ranting. Maybe I'm wrong, but I just cannot believe ANYONE can be as incompetent as these analysts are, I've got to believe they are liars and manipulators rather than simply stupid.
Morgan |
