This stock is ready to plummit to $14.80. He received a fax that information has been supplied about a problem within their infrastructure and that consumers are getting very worried. I have been instructed to sell my 8,000 shares of MRVL. I will place my sell order in the morning. Any advice?
GL Longs... I will hope the best for you :(
Brokers are useless unless you are a high net worth investor. A good one can keep you out of junk that will make a regular retail investor, homeless. High net worth investors get the red carpet treatment. Brokers for retail investors will have you buying the junk from the HNWI and will leave you the bagholder.
steve09245, ratherhave..... does some writing for me when I'm busy ;-) Good dialog, dumb subject line. My Broker Called....bla bla bla.
William S. Whoareyoutryingtofool III
Who cares about the carry trade? You do, because this is what you said about it, "the carry trade is not even close to unwinding.
I was talking about liquidity getting to the housing market and that's not where it's going anymore. That's where it needs to go to keep the party going. Money to consumers is where it's at since they make up 2/3 of the economy. The main thing businesses are doing with liquidity is buying back stock with fresh debt. Sure that's caused the market to pop but its not sustainable unless the underlying foundation (the consumer) is strong.
MRVL is oversold? That's your opinion. Keep in mind, the bears said it was overbought when it was climbing from 25 to 30 to 35 to 40. Were the bulls calling it "overbought" at 40? NO way!! It was going to the moon!! There is an old expression, "stocks can go from oversold to even more oversold".
Since it isn't part of any public news release, and IF it were true, which it's not, your broker could be going to jail for complicity in insider trading. As it is, you're guilty of posting false information in an attempt to manipulate a stock, which I believe is against Yahoo rules and also a possible SEC violation. Quit now, while you're ahead and a free man. You're still a f--king asshole, but nothing's going to change that.