Friday, January 22, 2010

Pure Panic

I will be buying at the close, I have a long position but I will be making additional purchases to get a substantial position.  This is pure panic and we'll likely gap up on Monday from these panic prices.

6 comments:

Anonymous said...

Long more EDC @ 115

long da wing wang up in dis bitch

OL DAWG

Petsamo said...

This correction sucks!

nicasurfer said...

Once again i ask. What is the catalyst to gap up?

Answer, Bernanke is getting fired.

I bought some spy calls!

Anonymous said...

He needs 60 votes.

59 democrats in total.

57 total votes for him because 2 democrats will vote against him.

41 republicans, a lot of them will vote for him.

These people aren't stupid they have a lot of money in stock, they will vote him in.

wE'RE TALKING ABOUT BANANA BEN HERE.

Market Owl said...

Bernanke getting re-elected as Fed chairman would erase today's gains in all likelihood. This market is knifing through support, but there is some more support in the 1080-1085 zone on ES.

We could have a Black Monday, I just think the amount of volume today spoke to a lot of panic already having occurred.

Petsamo said...

If Asia & Europe selloff, I'll selloff too, even at these low prices, but I'll repurchase at a lower price toward the end of the day.