Am I the only one who thinks we may crash in early 2014 or before?
Barry Bonds lied, and he didn't go to jail. Former Pres. Clinton lied in office, and he didn't do jail time. Several corporate CEO's lie every day, just to pump their stock.
And Obama will be speaking about Obamacare later this morning. If he wanted to cut his losses, he would delay implementation of the entire program for at least a year, until everything's fixed.
But no, they're up of course. WMT and KSS are getting clobbered in pre-market, indicative of a weak consumer and weak consumer spending going forward. And CSCO's huge miss is taking down IBM, and this doesn't bode well for the tech sector.....and yet, it's all smiles, who cares? Just buy the stocks, new Fed Yellen will continue Ben's irresponsible ways.
I'm a swing trader, by my definition I'll go long or short, and only hold the position from a day or two, up to about 3 weeks.
PCYC is a huge exception. This will be my one and only buy and hold. PCYC appears to be the best clinical stage biotech on the planet. It's loved by analysts and shareholders...I mean, what's not to love? Yesterday was a dream pullback for me, after the drug approval.
As a swing trader I primarily follow the charts. PCYC may be heading to $150 or more by the end of the year, it's very possible.
PCYC is now put away in my desk drawer...it's a no-brainer investment for the future.
Wrong....Gold futures spiked in the last few minutes of the session, and continued higher in AH.....I know, I'm long NUGT.....
NUGT up in AH, and most related ETF's and gold futures are still climbing......There's something interesting going on that the smart money knows about.
It's bid up over $123.50 as I type. PCYC is clearly the best biotech out there for a ton of reasons. They could easily be in play, or go it alone....either way, the upside here is huge. I am so glad I bought in the $116's today for my first time in PCYC, after watching it consolidate for weeks.
Pandy looking at the weekly chart of the S&P, it could conceivably hit 1800 by the end of this week or next. It's just one thing after the next. Tomorrow they confirm Yellen as the new Fed, so that's probably good for another 5-10 points on the S&P.
Then you have Tksgiving and Xmas, so you have all the seasonal BS repeated over and over. Any downside catalyst is a buying opportunity. The VIX is at $12.50, and probably heading lower.....this can't last forever...or can it?
Long GLD and NUGT.......
Watch the analysts starting tomorrow come out with new higher PPS targets. Call me crazy, but I wouldn't be surprised to see $175 or higher before the end of this year.
Am I the only one who thinks we may crash at some point during the 1st quarter of 2014, or sooner?
Already over $120..make that $121 as I type. They tried to shake out weak players, and finally I got a great chance to buy this stock.....
By the way, your handle sounds very familiar, from years ago on another board. Best.....
Am I the only one worried about a market crash at some point?
I've been reading that any potential future revenues from Samsung may in fact be at risk. I can't tell you why that is, I'm just saying what I read.