Watching the market makers, their hitting stops
and cleaning out!
Saw allot of trades going
through below the bid price.
We will be fine by the
end of the day, probably by the next hour, just allot
of people selling below bid, and market makers
making the $$$
Just listed to the www.radiowallstreet.com
interview with Gregg Weaver. He is at a conference in
Florida (Raymond James, I think) Pretty interesting.
Weaver even ventured to speculate that the stock would
recover within weeks, not months. He also said it is
unlikely that rising interest rates will have an impact on
PacSun's teenage customers, who mostly buy an item at a
time with money they either received as an allowance
from Mom & Dad or made at an after-school job.
We all better hope that doesn't happen, because
the resulting depression will make the 1930's look
like a period of prosperity. The money being generated
from tech stocks goes into the "value" companies in
the form of revenues from consumer goods. Everything
tanks if the techs do.
going to be like when the tech bubble
breaks...you won't get through to the on-line broker for a
week! And neither will anyone else. There will be such
a crash as nobody has seen before, since everybody
will be desperate to sell the same 30 stocks, and
there will be no takers. The internet will probably
lock up solid...seems like poetic justice.
luck to you.
Jumping in and out of stocks is not something a
moron, as you put it, does.
What do you think hedge
I never said I was short PSUN, in fact got
And as far as being a Moron, I'm up almost
86% since January 1.
Jumping in and out has great
rewards, but takes allot of work and timing.
hard to time the market, but not as hard to time an
these people think long means 2 weeks
HAHAHA..incredible.. achmed 86 is right. when my teens tell me it aint
cool anymore i will sell ..ps.shorts this stock split
3/2 last year it will split again when it gets to the
35-40 range hopefully 2/1..this is how you make money
..by staying put instead of jumping around like a
It wasn't CNBC today, it was 3 Com......LOL
bought COMS 4 weeks ago at 50 and watched it run up to
117 this morning..was trying to get out before PALM
traded, but dman Waterhouse on-line was down..tried
calling on phone and I was on hold for 10 mins..by the
time I got through, had to sell at 86 1/2!
made a nice gain, but my nerves are
This is the first time I had a stock like this that
needed constant attention..sucks!!
Anyhow, I think I
was in a panic mode and sold PSUN too for that
Looking to buy back in tomorrow...I think it's going much
higher and now that I'm relaxed, can think much
Hopefully I can get back in tomorrow at what I sold at, or
less..but either way, will be back in tomorrow.
mistake to sell, but will be a bigger mistake to not buy
Happens.....hope I don't have to deal with a stock like COMS again
for a long time!!!
The gains were nice, but the
nerve damage is a bitch!! LOL
I beleive the next resistance level is 26-27; I
also got out at 24 1/8; just can't take a chance after
it hit 18 last time. Better safe than sorry. If it
goes up, it will continue up. I beleive tommorrow is a
significant day to watch the stock. LOL
<< But I'm sure the oppisite will
happen...when ever I get out, they pop up some..LOL.
Renewal, you realize you're never gonna make great gains
in the market, right? You just admitted that you
keep making the same mistake over and over. You're
timing the market. Can't be done. Many say they can do
it. They're either lucky, or lying.
having some conviction when you buy stocks instead of
substituting CNBC for a spine. Don't pretend you don't know
what I mean. You do.