Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (64880)	9/19/2008 10:52:31 PM
From: Norrin Radd	Read Replies (1) \| Respond to of 118717

Well, various types of TA have me wondering if it's not "deja vu all over again" as Yogi Berra once said. And certainly, "the future ain't what it used to be." <ggg>

To: tom pope who wrote (64880)	9/19/2008 10:53:23 PM
From: CusterInvestor	Respond to of 118717

Tom, I lightened up some, not so much anticipating a pullback- but to have funds available just in case <g>. As stated earlier, the weekends are no longer relaxing time away from the markets, one eye is monitoring for breaking news on the next company to implode. After this week, I would rather be annoyed that I missed a short-term trade than be really tee'd off that I let another 10% drop occur. Prudence remains the word.

To: tom pope who wrote (64880)	9/20/2008 9:02:05 AM
From: anializer	Read Replies (1) \| Respond to of 118717

I agree and still am treading cautiously, although I nibbled on a couple like FCX and GDX this week. In some accounts I traded a few nice pops yesterday but went to 100% cash after that. Stocks like C, BAC, SID, STLD, CALM, GTLS, CSIQ, MR, TISI, RIO were decent trades and closed out. In some accounts, my shorts prevented me from making outsized gains this week, but amazingly even with the short hedges it turned into a green day. I have mixed feelings so am still cautious. The Dow was down 30 on the week after a painful mid week debacle and rebound. I'm not all that comfortable with Paulsen, or Government intervention in the free capital markets. It signals to me the end of capitalism and free markets as we once knew them. Government induced sharp rallies have happened for over a year now and the net result has been that we hit new lows just this week. All we can do is play it by ear. The thrust with which we rallied off lows could very well be signaling a tradeable rally like the one we had in March thru May. On any give backs or dips this week, a little more selective buying may be in order. Like most, still down on the month, up on the week and confused. When a stock like SKF trades at 154 one day and 76 in pre market the next day, or a stock like GNW trades at 3.50 one day and 16 the next, its difficult to have confidence that volatility is dead. The next thing we know is that long side trades in agricultural and energy stocks will be banned by by he Government. They have already set some very disturbing precedents and I don't favor markets being run by our Government.