Friday, February 1, 2008

HOLDING PATTERN...

Itʻs like the bears keep waiting for the sky to fall, then out of the blue ONE solid piece of bullish news keeps the market in the green. MSFT + YHOO DEAL. PULEEEEZ...

i will not touch a thing. i lost enough the other day... i have TOO many puts in play.

As for the market... it deserves to fall hard... AND it will. but bullish news of ANY degree is what the bulls are clinging to.

I will officially forward ALL MY YHOO email messages to my GMAIL account. enough said...

3 comments:

Gio said...

"I will officially forward ALL MY YHOO email messages to my GMAIL account. "

... HA HA HA HA HA!! That's hilarious! That's a smack in Yahoo's face. That's like pouring Pepsi into a Coke bottle.

Man were those YHOO calls the lottery or what. MSFT is getting a gift here though.

In down trend markets, any good news is an excuse for shorts to cover. But that doesn't change the trend.

Gio said...

The sky did fall... Dow fell almost 3,000 points in a short period of time. I think too many were thinking of a crash, when they should have thought of a spike + downtrend. In other words, Tim's blog.

fLY got hit hard in january. He's a bit quiet now. I have a feeling he'll be right in February.

Gio said...

You buying FXP? It's so beat up, I want to buy it. It's almost under $80. I think I'll put in a buy limit order around $77