the mice are calling yet another bottom. screaming victory sitting $1 from a 13yr low.
no, ive been right too long. just find this one funny now. was trending for a collapse but what happened??, the market went straight down for 400pts and this stabilizes? odd action on low volume.
whats interesting is we have a bunch of pumpers jumping all over this because it held up? so what? there was no volume (long interest) and IF you watched the selloff, all the "junk" held up while the stocks that ripped the past year sold off. this is classified as junk. it sits at $3.15, the only thing positive is it held $2.90 yesterday. aside from that, it's still a questionable stock.
you were much better off selling out of this yesterday and buying something good on a selloff.
first, surf has no idea. he's been buying the morning dips since $20.
second, yup, this is in a $2.90 - $3.30 range. no signs of any breakout, and most likely will fall to the pressure of the market.
under $1 if the markets keep it up, it will be too much pressure imho. this companies not strong enough to withstand a global shakedown.
Econ 101. You want an environment where people feel they should / have to buy because prices will increase. Demand related. Never do you want an environment where people will "wait and wait" due to falling prices. Lack of demand and fear of paying too high.
how many people do you know who made $120k to $150k a year are now at $60k? I know dozens. thats the biggie, and artificially inflated markets via monetary policy doesn't help.
the markets become very distorted. the dow at 21000 and s&p at 2100 with gdp near 0 and underemployment near 20% said this whole rally was fabricated. but tough to get out of the way as the fed pumped. but that tied pulled out to show a lot of bad stuff: deflation, gdp near 0, underemployment, ect. the market is resetting, and when she does, watch out.
my S&P levels are now 1820, and IF that does not hold, 1460. what will CLF be at those levels??
deflation is a nasty thing and we are in it. holding up well so far, but those that have been in markets like this know, anything can happen.
impressive in a down 1000 open. lets see the 10:30 push.........which direction???