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Danville

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In reply to: early birds on Saturday 04/08/07 06:52pm

Dow at 12800 would mean that it has officially, (10%), corrected from it's high of 14,000.

 

Traders should expect that at least.

 

All eyes will be on that line in the sand, 12800 to see if the market falls beyond a correction into a crash or churns for a while and then continues to progress beyond 14000, late this year into 2008 towards 15000.

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In reply to: early birds on Saturday 04/08/07 10:41pm

EB, sounds like Friday was just a panic selloff, influenced by someone talking the market down.

 

I am sure it will bounce back by Monday's close?

The news isn't that bad to trigger that sort of fall on one night.

 

You'll cover your remaining shorts I suppose?

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In reply to: crowman28 on Sunday 05/08/07 03:11pm

yeah, Crow, i might cover my remaining shorts. see how it goes on monday.

i guess big Ben might try to calm the market by his speach on Tuesday??

 

that CFO of Bear Stearn must be upset other big fundies who try to hold market up. he really should just shut his mouth like Crama siad. http://www.sharescene.com/html/emoticons/lmaosmiley.gif

 

this market is more of event driven at moment.

 

 

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In reply to: early birds on Sunday 05/08/07 03:44pm

Jim Cramer went spastic! http://www.sharescene.com/html/emoticons/lmaosmiley.gif

That interview was gold.

 

But EB, surely you dont agree that Fed should cut rates?

If they do -- then i agree with the reporter (she's pretty hot as well http://www.sharescene.com/html/emoticons/wub.gif ) -- that would cause Armegeddon.

 

I love the part when he said: "You cant get a darned loan if your rich like me!"

 

I read somewhere he has about $100mil from his hedge fund manager days, nice.

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In reply to: nizar on Sunday 05/08/07 05:22pm

no, nizar. i don't think Fed will cut rate for that, nah!!

but i'm sure they will express some concerns over the ploblem to sooth the market.

 

Cramer yelling out truth of this game----"..wait for the short interest build up then call someone like me.....i'll put 1mil bid..if got hit then 2mil bid......" that explains the the price action of final trading hour of Wensday, Thursday.

PPT even try to hold on the market at early going, untill CFO of Bear spit out--"worst in 22 years..." that was it! i'm sure that upsets the bull camp. damn thing is i went to bed little early, missed out this fun part.

 

by the way nizar, since you are still in the uni, how many lessons did you give to your profesors so far? http://www.sharescene.com/html/emoticons/lmaosmiley.gif i reckon market is best uni of all! ask bad boy CM, he will tell you!!

 

 

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In reply to: early birds on Sunday 05/08/07 06:29pm

EB, agree, don't think Fed will cut rates so soon, the earliest may be a Xmas present to spark a late rally perhaps. I think they will say all is still under control, despite a few concerns.

 

Best Uni is trading the market?? I had been saying this all the time! http://www.sharescene.com/html/emoticons/biggrin.gif

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In reply to: early birds on Monday 06/08/07 10:29am

EB, I am actually quite optimistic on the Fed speech tomorrow night, it may spark a huge rally.

 

Because Big ben is definitely going to calm the nerves, what else should he do after all these panic moves last week? http://www.sharescene.com/html/emoticons/laughingsmiley.gif

 

It surely can't get any worse short term that is.

 

Ok, if it goes back to 13300, then you better take your profits I reckon.

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