15 Years of Buying and selling . Never seen a Rally like this. I went all cash today. took the lumps with the Bumps. It seems everyone is buying any kind of stock. You can sell shi*t and the mutual fund guys will buy it. Un-friggin believe-able
Trader4higher - VP of any internet company making $500k? That's complete BS. Having a masters in accounting doesn't mean you can value anything except make pretty financial statements. How do I know? Because I have a masters in accounting from a top 10 school and it doesn't mean sh!t... CPA's are a time a dozen. That is why I'm also a CFA charterholder. Have to get some credential that is worth a damn.
No VP making $500k looking to hit homeruns would waste his time chatting on the IWM message board. If you're looking for homeruns you're clearly in the wrong place... Anyways, I hope you're enjoying your $50-150k salary.
Yes, used to love trading Netbank, Yahoo, Amazon back in the day when they were all triple digit stock prices with $50 swings. I am debating putting some small cash to work with some puts tomorrow, but the Goldman machine will not let any of the put holders off the hook. I would wait until 10K as that will surely be hit in the next month and would produce some nice headlines for Obama to push through healthcare and financial reform at the same time. March 2010 is when the market hits 7500 again, unless ofcourse dollar devalues much more and everything would be up in price.