Wednesday, May 31, 2006
crash waiting to happen
DOW is headed to 8500+/- naz to 1800-1500,, those who followed the big money into the QQQQ sept44P at $2.00 are very happy,, guess what,, big money has been loading into the way out of the money DIA puts for sept.
this market ignore all bad news and held stocks up,, golden parachutes, insiders dumping, overpriced m&a's, SEC investigations, late filings, fraud stories,,,,,,,,,,,,,well all that is about to change to were all news is ignored,,,, just sell on ALL news,, ie: CELG got FDA kiss----------SO what! show me it was 'worth it' on your e's!
welcome to the crash of 2006,,, the good news is our recent trading buddies (former house flippers) are going to get their asses handed to them as bears refuse to cover and bulls are too nervous to buy. meantime they will suddenly come out with all kinds of 'dd'---dd we can use later to buy stocks closer to fair value.
this market ignore all bad news and held stocks up,, golden parachutes, insiders dumping, overpriced m&a's, SEC investigations, late filings, fraud stories,,,,,,,,,,,,,well all that is about to change to were all news is ignored,,,, just sell on ALL news,, ie: CELG got FDA kiss----------SO what! show me it was 'worth it' on your e's!
welcome to the crash of 2006,,, the good news is our recent trading buddies (former house flippers) are going to get their asses handed to them as bears refuse to cover and bulls are too nervous to buy. meantime they will suddenly come out with all kinds of 'dd'---dd we can use later to buy stocks closer to fair value.
# posted by tagthatstock @ 4:45 AM
