Markets are generally irrational,both on the down and up side. But these extremes are where the real
trading profits are given birth. It takes guts and foresight to step in when others are pooping their pants.
Sentiment: Strong Buy
well lucky me I bought this am sold midday and bought back at end of day ending with the same amount of shares at end of day and made 9 cents on the swing and lowered my cost basis on what i held yesterday to 10.50 on 20k shares with 9 cents plus on 10k shares so it was a good day for me, about the only green I saw today, elsewhere it was a disaster, The only hope is most stocks I have are green in AH so hopefully up tomorrow.
It's just one of those things--an overall market sell-off. Virtually everything is red. It happens. I just ride these out and if prices get stupid, pick up some favorites.....no one can call a bottom because no one is smarter than the market.
my feeling is homebuilders are down because the market sees an end to subsidized mortgages in the future and that won't help homebuilders. but it is definitely a blood bath everywhere but here and my HIG only ones holding well for me.
mortgage rates jumped overnight. It panics everybody. If they would just keep in mind that historically 6% is a pretty good deal, but hard to do when you think you can get it for less and then get #$%$ when you can't. The market is just one big series of over-corrections...just gotta find a place to hold on and ride it out!