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      08-08-2011, 10:05 PM   #1805
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Quote:
Originally Posted by stylinexpat View Post
Tomorrow should be very bloody as well. Major bloodbath taking place in Asia. South Korea breaker just kicked in.

http://www.bloomberg.com/markets/sto.../asia-pacific/
Breaker 2 days in a row? I don't know if I've ever heard of that happening.
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      08-08-2011, 10:10 PM   #1806
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oil price will continue to fall cause global consumption is less due to bad world economy. Did you know every $1 decline in oil saves US consumers $1 Billion dollar.
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      08-09-2011, 08:07 AM   #1807
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      08-09-2011, 08:15 AM   #1808
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My bet is on a small bounce today. It's all in preparation for another sharp decline on Wednesday.
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      08-09-2011, 08:21 AM   #1809
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Quote:
Originally Posted by NYCGP View Post
My bet is on a small bounce today. It's all in preparation for another sharp decline on Wednesday.
Futures are up.

http://money.cnn.com/data/premarket/
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      08-09-2011, 08:27 AM   #1810
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Futures had to be up. We lost 5.5% yesterday. There are certainly some stocks out there that are value buys. But, after some money filters in today, bears will snatch it right back tomorrow. Don't see any good news coming down the pipe... do you?


Anyone else find this hilarious?
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Last edited by NYCGP; 08-09-2011 at 09:05 AM..
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      08-09-2011, 10:02 AM   #1811
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This is probably a lure to get all the suckers back into the markets and then short them. Haha.
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      08-09-2011, 10:26 AM   #1812
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Quote:
Originally Posted by NYCGP View Post
Futures had to be up. We lost 5.5% yesterday. There are certainly some stocks out there that are value buys. But, after some money filters in today, bears will snatch it right back tomorrow. Don't see any good news coming down the pipe... do you?


Anyone else find this hilarious?
I agree and probably most likely up today because they figure QE 3 will be announced shortly.
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Last edited by M3Bahn; 08-09-2011 at 10:47 AM..
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      08-09-2011, 10:48 AM   #1813
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Quote:
Originally Posted by M3Bahn View Post
I agree and probably most up because they figure QE 3 will be announced shortly.
I played with the market through financial stocks (mostly options) in the spring of 2009. I made a some great gains only to give half of it back when the pros were ready to pounce on retail investors like myself. I learned a very valuable lesson and will never forget it.

Retail investors play the market the big guys play the retail investors.

I stopped playing their game. I set up some positions after going back and forth with my money manager almost 2 years ago. I don't even think about them. Nor do I care to. It's well diversified and only with companies that we both felt would be around for years to come. The idea of trying to make fast money trades is a gamble (for me, that is).
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      08-09-2011, 01:03 PM   #1814
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      08-09-2011, 01:45 PM   #1815
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Apple won it's lawsuit against Samsung today. Samsung can no longer sell the Galaxy Tab in the European Union!
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      08-09-2011, 02:52 PM   #1816
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Technicals? Who needs em! Fundamentals? You must be mental...

This is all about fear and those who know how to profit from it...
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      08-09-2011, 03:01 PM   #1817
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Originally Posted by Vanity View Post
Apple won it's lawsuit against Samsung today. Samsung can no longer sell the Galaxy Tab in the European Union!
America 1 : Korea 0
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      08-09-2011, 03:28 PM   #1818
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This is a nice little trap the bears have set.
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      08-09-2011, 04:28 PM   #1819
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Quote:
Originally Posted by wren57 View Post
This is a nice little trap the bears have set.
Lol... Could they have asked for a better final hour of trading?
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      08-09-2011, 04:33 PM   #1820
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Holy shit, we're up 440 points.
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      08-09-2011, 05:05 PM   #1821
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snap back rally confirmed as noted last week...looking for 1220-30 resistance...then selling pressure should come in.

Long TNA, TYH as of this am.
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      08-09-2011, 05:09 PM   #1822
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Quote:
Originally Posted by AngelinIsRich08 View Post
Holy shit, we're up 440 points.
Yeah seriously wtf? LOL
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      08-09-2011, 05:30 PM   #1823
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Quote:
Originally Posted by wren57 View Post
This is a nice little trap the bears have set.
Don't think they liked the action today.
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      08-09-2011, 05:44 PM   #1824
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Quote:
Originally Posted by BayMoWe335 View Post
Don't think they liked the action today.
Are you kidding? I think they love it. This bounce will lure in the retail investor. Once the retail guys are back in, the pros will dump on the market yet again.
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      08-10-2011, 08:59 AM   #1825
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Quote:
Originally Posted by Vanity View Post
Apple won it's lawsuit against Samsung today. Samsung can no longer sell the Galaxy Tab in the European Union!
Quote:
Originally Posted by infinitekid2002 View Post
America 1 : Korea 0
That fight isn't even close to over. Apple has only "won" a preliminary injunction.

http://www.bbc.co.uk/news/business-14470253
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      08-10-2011, 10:18 AM   #1826
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So are losses of 3.5% per day on Wall Street now a regular thing? WTF.
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