Fuzzy, re:MHMY-I got in for a little of the quick pop today, but I feel the brokers in general are doa for now. This 24/7 bs will be a bust. Gee, I can trade at 3 am from my tree house. Who cares! Markets will be much to thin to be of any use. And, the trend in trading for the last few months has been to trade less.
Also, remember that MHMY and the rest that are also market makers are the enemy, Imo. I use NITE as a gauge of the broker sector. As long as they are in the toilet, the rest of 'em will be in there too.
The DOW is imploding this minute, down 245. If we close under 10,000, all long bets need to be adjusted. It has to hold, I sold all my shorts, I am unprotected on the downside right now. Yikes!!!!!!!!!! |
