Market is hanging precariously on the grips of impeachment decision and string of earnings warnings ,, as for impeachment vote on Saturday ,, even with undecided 15 counts from republican side ,, it is really tight ,, and if an impeachent is voted and trial starts ,, I would think Mr. Clinton will resign ,, then further fall from grace...
November economic numbers such as PPI ,, if they are good ,, should give some relief as well as ORCL earnings which ,, theoretically should help all software sector ,,, however, with this market sentiment ,, I don't see it helping it much ,,
AMZN and YHOO ,, especially the secondary net stocks were blatantly called as a short today by various analysts ..
Our favourite longs such as brokerage ,, banks ,, consumer goods and net stocks as well as big bio-meds broke down horribly ,, downtrend ,, yet shorting with out knowing the result of the Saturday votes can be also risky ,,
I would rather ,, moderate the long positions ,, go more cash ,, and play the hype momentum stocks as a quick in and out or stocks that are at the bottom ,,,, such as FILE ,, <see news> ,,
CBTSY was a sheer luck play for us ,,, I would advise you to watch the gold ,, it is on uptrend , but could be very temporary ,,
As for personal attacks ,, let's cool it ,, this is not the time for it ,, we will most likely have our heads handed to us in this market ,, if we don't play smart ,, also let's cool the hypes ,, how many of you feel silly after last nights unabashed yakkity yak on ASTM ,,, as well as SOBS ,, hyping shit stocks like MINT ,, look at the frigging spread of a dollar ,, bid 3 ask 4 ,, and try to sell the damm thing ...
let along have some newbies buy it ..
Have some morals ,, people ..
Some of you are acting like men in skirts ,, it is now time to reflect and check your thoughts before you open your mouths,,,, |
