|
|
Post by crumbdon on Aug 3, 2011 14:29:32 GMT -5
Fins have been acting for a few days like they want to run just as soon as the leash comes off the collar. If we print the daily hammer that is shaping up right now, I think fins will run up pretty strong the next few days.
'Course, it's still 30 mins to the close. That might as well be a week on a day like this. A lot can still happen...
A close over 126 will have me holding half my morning's FAS purchase (1K @ 20.10) overnight.
GL all!
|
|
|
|
Post by maxi on Aug 3, 2011 14:38:19 GMT -5
Contrary to popular belief I do not believe jobs numbers are baked in. Especially due to the ever constant revisions on stats that we get.
Also I cannot stress enough that the "market" here is made up of ever lessening big players. Big money is selling off in droves everyday.
I get daily reports on inside sells. If you want to get them go to J3SG.com and sign up. I get reports 3x a day.
|
|
|
|
Post by im2buzzi on Aug 3, 2011 14:43:34 GMT -5
They are calling today's action a flash crash. The May 6 flash crash turned out to be a possible indicator of lows to come in summer 2010.
|
|
|
|
Post by maxi on Aug 3, 2011 14:45:43 GMT -5
So what is this the indicator of Fall 2011? And who is they?
|
|
|
|
Post by crumbdon on Aug 3, 2011 14:46:15 GMT -5
They are calling today's action a flash crash. The May 6 flash crash turned out to be a possible indicator of lows to come in summer 2010. I remember the last flash crash feeling quite a bit more extreme than today's action. That said, if we can close over 126, I'm willing to call today capitulation/ near-term bottom. But what do I know? I'm just a confused canine. |
|
|
|
Post by maxi on Aug 3, 2011 14:47:14 GMT -5
But soooooo cute!
|
|
|
|
Post by elle on Aug 3, 2011 14:48:31 GMT -5
Thanks, Maxi, yeah I think when George S said he was closing down, he meant liquidate
|
|
|
|
Post by elle on Aug 3, 2011 14:50:44 GMT -5
I think AH will be interesting
|
|
|
|
Post by crumbdon on Aug 3, 2011 14:51:25 GMT -5
Coming from a feline, that's an extra-special compliment! My avatar is blushing. Exalt! |
|
|
|
Post by im2buzzi on Aug 3, 2011 14:52:20 GMT -5
Sorry, I saw this earlier today: www.cnbc.com/id/44004578and came across the same discussion on another media site. I vaguely remember back in summer 2010, some in the media were talking about how the lows hit on May 6 was possibly an indicator that that is where the market really wants to go. Just an observation. |
|
|
|
Post by crumbdon on Aug 3, 2011 15:01:48 GMT -5
Maxi & Elle-
Without sounding too gratuitous, can I say that it's good to have the female persuasion on the board. Women see things differently than men (usually in a good way!), and you both give me much to think about on a regular basis. Thanks! Whenever I have an important decision to make, I get my good wife's input. She sees things I don't. Keeps me from screwing up most of the time. Stick around, both of you. That's an order!
All others who agree, chime in with agreements and exalts (for them- not me!)
Good night all!
|
|
|
|
Post by elle on Aug 3, 2011 15:03:21 GMT -5
thank you, everybody
congrats your day, Clint
|
|
|
|
Post by elle on Aug 3, 2011 15:50:41 GMT -5
Sorry, I saw this earlier today: www.cnbc.com/id/44004578and came across the same discussion on another media site. I vaguely remember back in summer 2010, some in the media were talking about how the lows hit on May 6 was possibly an indicator that that is where the market really wants to go. Just an observation. right above the weekly 200, thanks |
|
|
|
Post by elle on Aug 3, 2011 15:54:03 GMT -5
boy, was I wrong, no action at all
$$$ flos 4 neg, 0 pos
|
|
|
|
Post by ccash04 on Aug 3, 2011 16:34:53 GMT -5
Thanks, Maxi, yeah I think when George S said he was closing down, he meant liquidate Soros gave back investors money so he didn't have to register his fund with the SEC due to its size. Now he manages his own money (his and family).. other funds are blowing up due to redemption requests but i think soros just didnt want to register w the SEC as its a new policy that was enacted in 2 weeks ago as part of the Dodd-Frank act. |
|
|
|
Post by elle on Aug 3, 2011 16:37:21 GMT -5
thanks, cc, so do they expect others follow suit or is it just because he doesn't really need to manage other peoples money?
|
|
|
|
Post by ccash04 on Aug 3, 2011 16:37:24 GMT -5
just looked it up they had to register as investment advisors as of July 21, 2011 if managing over $150MM
|
|
|
|
Post by ccash04 on Aug 3, 2011 16:38:34 GMT -5
thanks, cc, so do they expect others follow suit or is it just because he doesn't really need to manage other peoples money? i think hes a special case as he has like $20+ billion of his own money, i believe that there will be more forced selling esp. if market continues down as funds will face more redemption requests... |
|
|
|
Post by ccash04 on Aug 3, 2011 16:40:28 GMT -5
|
|
