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Joy Global, Inc. Message Board

  • happyperson_1 happyperson_1 Jul 12, 2012 11:44 AM Flag

    Market is appearing to be in serious trouble.

    Most companies missing and lowering earnings. Of course no buyers when this happens. Permits the shorts to load up short then take X amount of dollars that they short, cover, short, cover as they take stocks lower. With no real buyers just shorts covering certain stocks begin falling off a cliff. The may be oversold but as a rule they get extremely oversold because there is no support as a result of knowledgeable traders not going to catch a falling knife. We are already seeing this in gold stocks and especially coal stocks. Be careful out there because if JPM blows up tomorrow we will significant selling in this market.

 
JOY
25.71-0.70(-2.65%)Aug 3 4:03 PMEDT