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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (79953)	9/21/2011 4:31:22 PM
From: Maurice Winn	1 Recommendation Read Replies (3) \| Respond to of 219671

I read about Mr J P Morgan stepping into the markets a century ago to calm the panic with a big buy order or something. Feeling a bit like him, I parked my Tonka Truck in front of JPM today as it was plunging for the finish to put a stop to the madness and to stop the market falling. While my Tonka Truck is quite robust, it got run over by an oncoming freight train going the other direction. So my huge buy order for JPM was filled at $30.40 but within a minute or two, people were selling at $30.30 and some at $30.28 in some kind of stampede for the exits before the markets closed, perhaps trapping them inside. Fortunately for me, I already exited a year ago at $46. Getting stuck in that stampede didn't look good. Down 6% for the day. GLD also down [$2.30 per share]. I might have to save some GLD sellers soon. But my little Tonka Truck seems to be too small to give total confidence that GLD won't fall to $140 per share, or even $100. It would be fun to buy gold after all these years. I'll get a whole Tonka Truckload of the stuff if it's cheap enough. Trouble is TJ is in the market to buy some too, so he'll probably outbid me since he's really keen on it. Mqurice