Give yourself a break, oil over supply surged today and is expected to get worse. I did one trade today with UWTI, made 1k and then folded my long book when wti went under 45. It is now at 44.30. Unless things change back I will start trading bear wti etf's tomorrow.
FANNYARSE has 5 phony log ons now, so do the same, we need balance on this board instead of loser bashers.
SHAK will open for trading Friday morning. It is pricing Thursday after hours at between 17-19, 5.75m shares. Originally it was going to price at 14-16, 5m shares. It will probably open arround 30. Use your own DD. If you have never traded IPOs maybe just watch, they can be tricky.
Read my first sentence, I do not know whether it will be positive or negative to pps. Also, most people on this board are not very bright so I showed you an example of a false analogy using mushrooms.
FANNYARSE just go pop your pimples, you act and sound like a 15 yr old with your stupid posts. Another new ID, that makes 5.
This market still appears to be rolling over and this thread is still relevant. Monday was a downdraft and with all of the earnings downgrades things might go south. Oil is a Black Swan event and we are living it right now. API inventory was up 12.7 million barrels of wti today.
Personally I am up to 65% cash, 22% I Bonds that I bought 20 years ago, and some psec in my IRAs that I got cheap. I am playing things close to the vest and only doing day trades. WTI ETFs are a gold mine for trading right now and are in their own market independent of the stock market. Therefore, that is where I am concentrating my trading currently. SHAK IPO comes out friday and will probably be all over that also. Use your own DD.
Nobody knows what the result will be at this point. Equating yahoo and baba to what might happen with psec is a faulty anology. It is like saying this mushroom is good eating therefore all mushrooms are good eating.