Thursday, August 16, 2007

What the FLIP was THAT?


I felt reassured as stops triggered on the way down. WOW! It was ugly. And then things turned around. I had a couple of buy stops that I canceled amidst the carnage. They were down 5%. Of course the ended up +15%.

I had two sell stops trigger and they came roaring back as well.

Pradeep said things would bounce soon, but nobody really knows if this is the end of the stinky market, or just a short stop on the way down. I know I sure don't.

I was pretty confident that I would stay out of things tomorrow, but now I'm not so sure. What's wrong with me?

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