rtucker
318 posts
msg #59379
- Ignore rtucker
modified |
1/29/2008 6:36:22 PM
Took an initial bite late today of SKF @100.24 and TWM @ 81.74
Prolly jumping the gun here but this is a stong 6 day rally and I'm betting no upside surprises tommorrow. ( Yahoo's a drag on the tech side)
Cynic, but I'm thinking that the expected (70% ?) .5 cut will be sold. A .25% cut ? Forgettaboutit !
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nikoschopen
2,824 posts
msg #59380
- Ignore nikoschopen |
1/29/2008 7:18:45 PM
You have my vote of confidence. I too am ready to make the full plunge tomorrow. Whether it's 25 or 50 bps, I think the market will sell off all the same. The most likely scenario would be that it will initially spike up following the announcement but it would eventually fizzle and reverse course. For the $SPX, the sell short zone lies between 1375-1385. While it could technically shoot up to 1406, considering that most of the rate cut has already been priced in I highly doubt such a move.
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johnpaulca
12,036 posts
msg #59388
- Ignore johnpaulca |
1/30/2008 9:56:46 AM
Niko...ESRX... pulled trigger and will be sipping suds this evening... (-:
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nikoschopen
2,824 posts
msg #59390
- Ignore nikoschopen |
1/30/2008 11:16:31 AM
Well, good for you. As I stated earlier, I would be more comfortable shorting this stock at 68 than going long at this point in time. I see that the HOD registered at 68.20.
Just my otherwise useless 2-cents (as usual).
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nikoschopen
2,824 posts
msg #59392
- Ignore nikoschopen |
1/30/2008 1:27:59 PM
If Bernanke does indeed hand the market a 50 basis point cut, will the dude be remembered as the saving grace or just another pimp-daddy of the stock market? Will he run the same gamut of "Greenspan's Legacy: Un-Surprising Surprise Cuts, Episode 2" where he will exceed the record, which stands at 1% set by his predecessor, by taking it all the way down to zero, zilch, nada?
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nikoschopen
2,824 posts
msg #59393
- Ignore nikoschopen |
1/30/2008 2:15:28 PM
01/30/2008 14:14 *DJ Fed Cuts Discount Rate By 0.50-Pt To 3.50%
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nikoschopen
2,824 posts
msg #59394
- Ignore nikoschopen |
1/30/2008 2:15:59 PM
01/30/2008 14:14 *DJ Fed Cuts Fed Funds Rate 0.50-Pt To 3.0%;Sees Downside Risks
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nikoschopen
2,824 posts
msg #59395
- Ignore nikoschopen |
1/30/2008 2:29:57 PM
Sold short big time.
S&P currently trading @ 1378.
Hope I get out alive and some more! lol
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johnpaulca
12,036 posts
msg #59396
- Ignore johnpaulca |
1/30/2008 2:31:59 PM
BYI...long@47.40 (dragon2 filter)
ABAX...long@33.90 (MACD-1filter)
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johnpaulca
12,036 posts
msg #59397
- Ignore johnpaulca
modified |
1/30/2008 4:07:01 PM
EL....short@40.65 ( tight stop) if market sell off tomorrow( which I think is a strong possibility) then I will sell hard.
stopped out @41
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