Tuesday, May 8, 2007

Sick

I'm sick of this market. There is not even a single down day now, every dip is bought with the fear of being left out? Yes, Dow was red by the smallest amount.
  1. Use the new tape the market gives to us recently, tomorrow, we maybe down at the opening due to CSCO news, then we'll rally after the Fed statement.
  2. And then the bulls will run bears over again, push S&P 500 to all time high this week.
  3. This old bull is getting old.
  4. It will be ugly when it ends, but traders are trying to make more money before they sell, hopefully to the last fool who just get in.
  5. And it's ugly for shorts already. I'm sure some shorts are dead already.
  6. Today my RIMM puts got crashed, I thought momentum players left RIMM already. An upgrade? Is this the last oz of juice in RIMM?
  7. Maybe I'm just bad at this thing, why try to find reason and skill to play? There is no reason, even the TA tells you it's time to sell.

1 comments:

pbierd said...

They all play the momentum. They make money that way. You decide before hand that it should go up or down and expect everyone else to go along. You need a publicist. Or listen to their's cnbc. Don't get discouraged. Conserve capital and adapt.