"Whats going to happen when the real news arrives?"
you mean the same question you've asking for the past four years?
ergo, you'd still be underwater, no matter how big the pop.
been telling y'all for the last four years.... sell the pop.
but in rimtardia, the more things change... oh wait.
shout out to joelew .
i quit "trading" in late october.
until global keynesian/central bankers quit their collusion to keep US markets levitated at the slightest hint of danger, i'm out...long, short, whatever.
(13.50-14.20 level? it's been trading in a range for a year and half now.)
your mission, should you choose to accept it, is to re-evaluate your investment career as the company once against tries to re-invent itself along the inevitable fall to zero.
problem is, lack of volume/conviction still favors the bulls.
and there's always a central planner to talk up the market if they need it.
i think even the entities took the day off today.
(no way "patriotic" wall street lets this close red on V-day)
really thought the futures would be down on this, particularly after gorbachev's "new cold war" comments over the weekend.
but alas, the phantom menance resumes its dirty work after hours to establish price.
never supported the republicans, but hopefully they'll now push through with auditing the fed.
it's the constant "V" recovery patterns from the past two years that's making this the phoniest market in history, where unelected central planners essentially control the puppet strings of price discovery.
and here are again, with MM's playing ping pong in the $.30 range for the next for hours...
my put premium doesn't like it.
not. one. bit.