Wall Street Manna

An irreverent look at Wall Street

Wednesday, June 23, 2010

Bears time to get bounced


At June 23, 2010 at 9:56 AM , Anonymous Anonymous said...

We're crashing again. Why?

At June 23, 2010 at 10:09 AM , Anonymous Anonymous said...

What do you mean 'why'? More people are selling than buying.

At June 23, 2010 at 10:18 AM , Anonymous Anonymous said...

let the day shake out before we call it a crash. WSJ is saying the drop is cause home sales dropped. But everyone knew that when the 8k ran out, home sales would drop. so there's reason to poop your pants yet, this may be a good chance to buy low.

At June 23, 2010 at 10:48 AM , Blogger Palmoni said...

crashing? give me a break

Come on the market rallied from 1040 to 1130--it pulled back to 1085 and now its time to buy again and not get to be an alarmist

At June 23, 2010 at 11:50 AM , Anonymous Anonymous said...

Oh shit, we're down all day. What happens after the Fed? A crash?

At June 23, 2010 at 1:10 PM , Anonymous Anonymous said...

Let me guess... THAT was the bottom LOL

At June 23, 2010 at 2:38 PM , Blogger Palmoni said...

That was the bottom LOL

--yes it was if you are a trader you got the bottom of this pullback..heck you got the bottom at 1040, the sale at 1120 and now the buy again at 1085.

And you have the trade in the homebuilders here buy them..and check out BUCY--the buy at 50.39 was a good spot to get long

I can't believe the bears--every turning point, when they should be covering their hapless shorts, they get emboldened...

oh wait--maybe because Cramer said not to buy this morning--LOSER!!!!!!!!


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