Monty,
A few other thoughts... but first my initial opinion on todays action .. I don't think we will have a real good tradable bounce today
except for nimble Index and day trade stock players.. After a +,-5%
decline, it takes a day or so work it off and get well.. Personally
I will try to play the downside if it fails after an hour or so..
About the the "dipsters" many talk about on this thread and somewhat hold in disdain.. It seems, I have noticed, comments
about buying calls, nibbling, etc.. Is that dipping?? Aren't we
ALL dipsters and in this day of instantaneous communications, haven't
stocks turned into commodities in the way they trade.. Eventually
the bad ones will be thrown out for awhile, like discarded commodities, pc boxes equated to base-metals for example. the tulip-techs, ie internets, is the precious-metals of the late 80's..
The proof is in the pudding.. record profits for brokers, despite
a myriad of new online brokers.. trades and commissions galore..
Good luck.... the Coug, out of the Closet.. Dipster |
