bottom, why not sniff my bycle seat? It is nice and moist. Together, with your nose on my seat, we can ride this stock to ATML.PK and see it selling for a DIME!
I was watching CNBC, maybe a month ago... and Hirsch whom authors the Stock Traders Almanac stated that during the last war (Gulf war) "When the bombs were dropped, stocks actually took off." Any idea what that means? If we begin bombing, then stocks go up?
RE: The big surprise will be if Saddam agrees to go into exile with no war. That is the wild card, and if that does happen, I sure hope I am into some kind of equity because the market will roar.
That's for sure. And if he takes a powder, it'll be announced while we're sleeping. We'll wake up to the futures going through the roof as the market makers raise the ASK on everything except gold and oil service stocks. Ron Insana put up a graphic today about the last Gulf War. The day the war ended, the price of oil dropped over $10 a barrel in one day. Ya gotta be in something or you'll miss that move.
I think they are going to be scrambling to close and sit on the sidelines (cash) or in bonds, or short with hedge funds right now, until the war comes or Saddam surrenders without a fight, then cash will flow into equities again very fast. The big surprise will be if Saddam agrees to go into exile with no war. That is the wild card, and if that does happen, I sure hope I am into some kind of equity because the market will roar. IMO. J.
There is finally a real good chance I will be out of ATML tomorrow; it is going to be too close to call at this point.. we shall see in short order. MSFT is now doing a meltdown. Dell is down; we could see another downward NAZ run again now. It looks like MM's want to take the market South for a while. I have a list of stocks I may jump into soon...
Frey, care to share some of those stocks? It is ok if you don't want to. Are you going to add to ATML or just sell, and regroup and a lower price? I think we will dip into the $1 range again, just my opinion. Right now I am reassing a buy at $1.25 as being the right place to jump back in, maybe lower depending on how much blood flows. Have to remember though the company will try to buy back their own shares if it gets too low, to try to prop it up. It will be a long 5 months until my predicted buy time frame hits. I will bet you a beer if you leave your stops where they already were yesterday, you will get stopped out tomorrow. I'll take one of those dark Ginness beers you like so much, I like them too. What will you have if I lose? Tomorrow will be a bad day, I feel sorry for a lot of longs here, and I say that sincerely. J.