If Going to 400 Why Not Sell Now Then Buy Back Lower?
Since everyone except the pumpers feel that 400 is in the cards, we should all sell on Monday and then let it tank all it wants. Once bottomed, buy back for earnings run. Think Im going to do this. Shorting too risky.
You have been duped into thinking it will go lower for NO OTHER REASON, then people all nodding their heads at each other saying it will. You very well might not even get a chance to buy it below 533 before the market opens Monday. Sheep watching the pack nodding their heads, smart money bought already Friday.
too soon to tell if it will retest low 500s for a third time. lots of talk about technicals and fundamentals, but may be a calendar issue now. little strength (but unknown amount of weekness) through years end, but early Jan strength into earnings. post earning will sell initially but if numbers and guidance good will head back up later. wildcards: fiscal cliff resolution, new product info (like TV)