Thursday, January 28, 2010
Time for "let's pretend!"
And as usual, it's just juvenile behavior by half coked up traders, trying to make the stocks zig and zag.
As in, let's pretend all the news is baked in.
As in let's pretend, we are going to completely roll over.
As in let's pretend, because prices have come down, now they are going lower!
Let's play let's pretend!
So MSFT comes out with good numbers and they sell the stock down a buck, because heaven forbid, it ain't getting any better.
How did that work out? Wait The stock has already picked up a dollar?
How about AMZN. They reported and the knee jerk reaction was to sell the stock down to 118. Now it's 10 points higher.
What happened to let's pretend?
How about SNDK? They blew numbers away, (and I shorted this number after earnings for this game) and as usual, Eli comes out with a lousy forecast, and the stock trades in the 24's to give a gift to those that laid out the stock today.
I took the gift!!
Wait--Isn't SNDK now 27? What happened?
What happened to the game of let's pretend?
That's it. You've had the end of the correction, and tonight you had the end of the games of let's pretend.
Because reality is that these short games didn't work tonight.
Story-time is over!
No more let's pretend!
It's time to believe the Government's story!
Because they market is the only golden egg they have!
Posted by Palmoni at 5:51 PM