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Post by crumbdon on Feb 17, 2012 16:51:29 GMT -5
People arent' concerned about a Greek surprise Monday? I was absolutely concerned about it, and am in cash over the weekend. I think everyone's convinced that there's nothing at this point that could come out of Greece that could keep us down more than a day or two. That's been the pattern for weeks now. Can't blame people for holding on to a good thing. As I've said earlier- the market is backstopped solidly until proven otherwise. That said, I've had nothing but scalps for weeks now, and with few exceptions, won't hold overnight. But can't blame anyone who takes either side of this argument. Have a good w/e, Walnut! |
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Post by walnut on Feb 17, 2012 17:06:05 GMT -5
The thing is, it happens over Monday, big problem then we gap down before you can make adjustments on Tuesday. The gap is the problem. If you are a buy and hold then it doesn't matter much. I am doing options. You are like me, I know.
Good weekend to you too!
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Post by crumbdon on Feb 17, 2012 17:30:08 GMT -5
Yeah, after a few years of making a ton, then giving most of it back, I learned it's not what you make that counts, but rather what you keep. All it would take way up here is for one big firm to blink and hit the sell button. Then everybody's trying to empty a full stadium out a single entry door  |
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