Wednesday, November 01, 2006
Look Out for the Dip Buyers
A few week's ago, I wanted every dip buyer on a pike. However, now that I am naked long, I am rooting for those fuckers to start throwing their money around, like drunken aristocrats at a Sotheby's auction.
If the market finds support here and trades up, the bears will feel dejected and likely cover their piddly positions. My money is on the bulls, obviously.
For now, the momentum is still in the bull court. Moreover, I have noticed nice trading action in the following stocks:
ENTU, FLWS, ZNH, LMRA, MVIS, EGHT, TWPG, MA, BKC, BSI, FMX, EXP, HYDL, OII, ZEUS, RTI, AG, MDV, CI, PLAY, ASTSF, GFX, IVAC, RACK, PAY, ATNI, BTM, TMB, ISE, ICE, DIVX and NNDS.
NOTE: Bob Pisani should do his "market topping" schtick in a fucking bear costume.
If the market finds support here and trades up, the bears will feel dejected and likely cover their piddly positions. My money is on the bulls, obviously.
For now, the momentum is still in the bull court. Moreover, I have noticed nice trading action in the following stocks:
ENTU, FLWS, ZNH, LMRA, MVIS, EGHT, TWPG, MA, BKC, BSI, FMX, EXP, HYDL, OII, ZEUS, RTI, AG, MDV, CI, PLAY, ASTSF, GFX, IVAC, RACK, PAY, ATNI, BTM, TMB, ISE, ICE, DIVX and NNDS.
NOTE: Bob Pisani should do his "market topping" schtick in a fucking bear costume.
Comments:
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Bob "buyers strike" Pisani? You'd think he'd have a clue after all those years on the floor.
# posted by 
: 2:29 PM
: 2:29 PM
The tide may have turned, however. Dippers didn't step in last Friday. Can't see them today either. Lots of strong stocks broke down after consolidation: ANF, NVEC, DIOD, etc. And AAPL, GOOG to some extent.
Today may be the day dippers finally get screwed and scared.
Today may be the day dippers finally get screwed and scared.
Looks like the dippers have finally ran for the hills. Time for this market to rock on downwards. Finally those fuckers.
# posted by : 3:33 PM
: 3:33 PM
I too am running for the hills.
I am selling and selling some more. And, I am opening some shorts "just in case."
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I am selling and selling some more. And, I am opening some shorts "just in case."
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