But the market looks set to start lower at the open. This being Friday, well, who wants to hold stocks over the weekend given whats been happening in the market very recently. I tell you again, I love Glimmering Shimmering Cash!!!
and oil down another 4% to the 38 range. This is going to be an ugly day if your long the market. Very ugly. Be careful, if we go into panic mode, there's no telling where this market is going. Stay tuned for more updates. You will need them today.
Be patient. Oil may fall through 30 per barrel into the 20's. If that happens, expect to see XOM trading below 60. Then it is a strong buy.
Well well well. We are only 40 minutes away from closing the regular session and we are down a mere 425 points on the dow. I expected more but I suppose this will have to do!
The market is only down about 2 1/2 percent. Don't get excited or nervous. Now, if we keep doing this next week, that's a completely different story. Shimmering Glimmering Cash!
Crude oil is $41 bbl and struggling like a big starry eyed water buffalo stuck in quick sand to stay above the slimy mess that is pulling it lower and lower and lower. Well as the price of oil is pulled lower, you can bet your last investment dollar the share price of szym will be pulled lower and lower and lower.
It's just the way it is. Quit fighting against the inevitable. It's going lower.
Yes or even lower Bill. Many of the negative responses you receive will be from those that have purchased at higher prices and their wishing away the thought. I believe you're right and we are headed lower.
Has anyone checked the close for the DOW!!! off 358 (huh)
Has anyone checked the close for the Naz!!! off 141 (are you kidding me?)
Has anyone checked the close for the SPX!!! off 44 (wowzer)
Glimmering Shimmering Cash!!!!!!!!!!!!!!!
Don't expect a short squeeze anytime soon. Smart money is fleeing the market that means they're selling everything including Blue Chips. They sure aren't going to be dumping money into a speculative startup.
The market has moved down hard from the open. Yes, I also told you this is Friday. Yes I told you traders will want to be out of the market at the end of the day. You know what that means for stock prices don't you. Well maybe you don't. So sad.
SZYM has held up very well during this recent market sell off. Has anyone considered that in fact this may be a Bull Trap? Maybe longs are getting set up here in a big way. Maybe the music is going to stop, the chairs gets pulled and there is nowhere left to go but down down down! Think about it!
Sometime later today, short money is going to put a full court press on to knock the stock price below 2. When that happen, stop losses will kick in and then it's look out belooooooow as short money continues to pile on. So simple to make money when you have money. So hard to hold onto money when you don't.