its always darkest right before the dawn philly. stocks that go on a huge run always tank right before the move starts. actually the drop is usually the inflection point on the chart. its called the "springboard effect" in TA terminology since you seem into charts a lot.
I had pulled 75% out when it moved up...I sold the rest on the way down, so it wasn't a blood bath.
I still want to hear what you have to say, the bottom line is it is my call. No apology needed.
aclh I just heard of and I know it is already run up, I plan on taking a better look over the weekend, my only positive thought on the stock so far is that I don't see the gulf problem going away soon.....I don't know yet, if you feel like taking a look I would like an opinion.
I didn't short the dow ...I think the market won't like government interferance in the market...but on the other had the gov has done an excellent job holding the market up.
I do think your correct that it goes down.....but I decided to continue to hold a cash position for opportunitys. Besides there is always tomorrow.
I put a nice low buy order in for amar at the close and there were no buyers.
So the "dean" talks about amar......what's he think something is going to happen on the good side and then short it on the down?
If so I would think the action to be more good for us than bad....