With market closed to new low, I bought SSO and KOL today. I don't know if this is the bottom, or the start of another leg down. I think it's the bottom. Tested twice, see if it holds.
Wednesday, October 22, 2008
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3 comments:
We've learned through the years to buy at bargain price, but this time, it's just different. Hope we all stay sane.
-ryan-
Unless you're on margin, we can ride this out!
Keep adding on the way down.
We'll have a strong rally soon, and it will be hard and painful enough for the shorts so they won't be able to short like crazy again. That will be a sign of a true bottom.
It's likely it will be next week.
I also have feeling that there will be strong rally next week and immense short squeeze. Shorts need to take profit too, don't you think?
-ryan-
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