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  • csaia2003 csaia2003 Oct 27, 2008 4:36 PM Flag


    Down big in the morning on horrible consumer confidence, then up big late afternoon after Fed rate cut.

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    • Perhaps.. but I don't trust waiting for any announcement at this point. Last time they were "supposed" to cut, they didn't, they're "supposed" to cut now, who knows, they'll probably blame inflation and do no cut like last time, lol! Between that, the first time the bailout was voted on that everyone was banking on and didn't pass, then when it was voted on again a few days later and passed, whenever the president speaks, doesn't matter if it's good news or bad news, whenever there's any sort of news event lately, the market tanks. If anything, I'd think the opposite... rally before any announcements, and as soon as they happen, big sell!

      I'm sitting on the side line right now for this one unless some sort of "I can't pass this up" opportunity arises... like perhaps a bounce off of the 52 week low here, that would make me a buyer, at least for the short term with a tight stop just in case. As someone who's shorted ATVI multiple times at this point recently after riding it up on the long side, this is just silly nonsense prices right now.

44.54+0.22(+0.50%)Oct 21 4:00 PMEDT