Stopped Out
I came back to the office from a noon meeting to see all of yesterday's "Toe-in-the-Water" Cramer trades had been stopped out for modest (small) losses.
After opening up 150 or so, we reversed hard and headed south -- a 500 point Dow swing -- and closed on the lows (never a good sign).
We now have a Dow 9,000 down side target.
Its a tough, but target-rich, environment
Tuesday, October 07, 2008 | 04:30 PM | Permalink
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Yup I agree.Thought of buying some at close but held back.Too many bottom fishers and in this environment the surprise would be more to the downside than upside.Mostly in cash for now, unless we get an apocalypse wednesday.
Posted by: jagmohan Swain | Oct 7, 2008 4:44:30 PM
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