Thread: Black 3pm
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Old 05-06-2010, 02:55 PM   #7
SportsDino
College Prospect
 
Join Date: Oct 2001
Interesting panic blip today, note this sort of thing is caused by the computers auto-selling I was ranting about months ago. Wall Street men throwing paper around can't cause a blip like this, it takes a machine to do it! If only I can reverse engineer it and find a way to make the money off it.

Also don't panic too much, market has been due for profit taking since DOW 11,000. I've cleaned up most of my shorts in the 10,400 range. I'm not sure whether we will fall below 10,000, probably will at some point, but I like to cash in on uncertain spikes. I'm actually hoping for it to be stable the next couple days because I picked up some stuff during the blip (auto-transactions that managed to strike at the right time). I might just liquidate my non-faves for a nice one hour 4%.

Damn this be tricky business though, any other time than the last half of April and I woulda been mighty pissed.
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