I had a few minutes and because I have this unshakable feeling that the delusional party is coming to an end... very soon.. I took a quick look...
Look at the VIX... complacently low until today... (like there is no recession coming) then superimpose TWM on the graph... you will see how closely they match each other. Also someone bought a lot of May Vix 25 call options I saw...
Soros (go to Bloomberg news) claimed that the finance part has seen it's worst... now comes the lag and hit to the economy... just starting... these emotions will spread fast and the buLLsh*t rally will come crashing down... the dow and SP resistance areas were not breached...
Storms a coming. I said you have to be able to run on a dime. I'm not sure if the moment has arrived but it's coming close for the market...
SDTH: I got excited by the fundamentals of this company and the price... however I may have underestimated the immediacy of the market. Almost every long and short pos. is a trade right now! I have to remind even myself of that in this market... often in spite of fundies.
If I make a mistake I will admit it immediately. I do want to load up on SDTH at 7.5 s or below (6's???... lower?) but esp. looking at the chart and the market now I will look to get rid of at least my bought back shares and take profits from the original position at 7.5 ...
Can't ignore this horrible market... goes against my grain to sell a company like this on the cheap... if it rallies though I'm out for sure...
This blog is for informational purposes only. It does not give investment advice.
Wednesday, May 7, 2008
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