Mr Market "eventually" gets it right. More Downside risk
market shoots first, then waits for the story to unfold...I am sorry for all you longs..I was long as well..but always long term stops in place..bought on the way up...I sold today barely break even..at my stop..but didnt take the haircut many other did..if you look at pattern of huge drops like this..the next trading day is often down as well as one posted..those forced to sell, those who where long and afraid more downside will sell, those with margin calls will have to sell..and while I wish I had a cystal ball..tomorrow will likely see selling for above reasons..about 3-5 trading days from now you will see where it settles out..it will be based on what Mr. Market thinks...not what you and I think..good luck all...this is a trading day that deserves a stiff drink and a reminder about long term stop loss orders always in place...good luck all
i agree.. market makes perception a reality unless managment is very strong...i did not like managment bio's at all . still i got into for trade and holding for tomorrow to get out.. it will bounce little bit before flatting or going down...or who knows what they have planned?