<... this is plunge city pal...>
Now Juiceman, you're starting to sound like the REAL Juiceman... deleriously happy... they might have to come over there and peel you off the ceiling, after the close!
YHOO just "bounced" off the $121 area, off $14... suspect it's going to come back down through there in the next 90 minutes, heck, like you say the S&P's haven't even cracked yet!!! Futures contract still UP 2.70 on the day...
It's a WOW day... EBAY off $29 right now!!!
In my less-seasoned days, I would have been unable to set here flat and calmly watch this, watching the price action for "learns" and "tells" - I would have tried to chase them, jumped into the action when it's too late. But knowing I missed the "entry" earlier in the day, I know they are too extended to get short here, for my tastes. There could be an incredible snap-back at any moment; I don't want to be in front of that. That may not happen THIS time, but it's ONE OF those trading learns that will teach you the wrong way, the turn around and GET you;) That being said, if this turns into a further meltdown in the nets however, I will find a way to get in on a bounce up, then trail em'!
Good trading (and enjoy the delirium;), -Steve
-Steve |
