Monday, November 27, 2006
Quick Alert: Where are the Dip-Buyers?
I suppose this post is not really an alert, more like a fucktarded question. Now, even though I feel today's selloff is unwarranted, let's not forget how much this market has gained in recent months, especially micro cap stocks.
Whenever the garbage floats to the top, a selloff is near. Frankly, over the last two weeks, plenty of bullshit stocks have run. Now it's time for those fuckers to get checked.
However, considering how persistent the dip buyer has been, I wouldn't be surprised to see the buyers initiate buying programs by days end.
Bottom line: The sellers must keep the indices deep in the red in order to make a statement. If not, they will get poleaxed tomorrow.
Whenever the garbage floats to the top, a selloff is near. Frankly, over the last two weeks, plenty of bullshit stocks have run. Now it's time for those fuckers to get checked.
However, considering how persistent the dip buyer has been, I wouldn't be surprised to see the buyers initiate buying programs by days end.
Bottom line: The sellers must keep the indices deep in the red in order to make a statement. If not, they will get poleaxed tomorrow.
