Major selling pressure just before a major breakout. Trees are going to be shaken so retail shares get dumped for a loss. Hold on to you shares people, this is heading much higher in the coming weeks/months.
as for all the MF bashers, please, this has gone up almost 50% since there tip. nice try though.
first off, dont get smart with me, ive been right twice in a row, big whoop.
I think we trade in the low 20s like i said before, the near term we could spike as high as 24, 26 range before settling back down to the low 20s, prob around 22,23.
Although the market may correct, SWIR is being accumulated very strongly on down days, which makes me think the bulls are in the china shop.
I think we will be down around 75 cent early, then we level off and rise later in the day.
the market cant decide what it wants to do, therefore do what the fed does because the fed is never wrong. except for '69. Taper selling is a buying op IMHO
simply because I feel like our economy is set to return and we are well better off than where we were in 07. Stronger all across the board, even regional banks. This being the 9th straight day emerging markets have been down, a gray area could come over the s and p for the fore seeable future.
Dont be left on on that first week of January, look back at how the fed has begun its year the past 3 then you will see why. Rate of return = amazing, like that kid in the garden who sang "you gotta hold on" on the big screen! amazing.
These are the times we are going to be tested as shareholders and long term investors. Most of us found out about cleveland in the scientific journal in early 2005 others the ongoing 2011 japanese disaster etc. It is hard to watch the SP diminish, and become a possible "penny stock" but in the value long term play with cleveland, the lower the price the better for shareholders right now, LOAD UP, if not, GET THE HELL OUT, its that simple. Ive been long here for 5 years and will do just as I said... by backing up the truck here in the low 1s.
TALK TO YOU IN 6 MONTHS.
Sentiment: Strong Buy
monday is going to be green green green. Prob more than 5%. Honestly, with that type of correction, it could run to the highs again in the next week to two.