Monday, January 11, 2010
January 11th, 2010
Last Friday on my last post, I stated that the last 30 minutes rally was an irrational buying. It went up for no particular reasons. The first 30 minutes today was a follow through action from last last afternoon rally. The VIX did touch to level 16 area. The market is very close to the top.
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Last week I mentioned there are some individual stocks are showing weakness.
ReplyDeleteGOOG, AMD, BRCM, AMZN
There will be many more to follow.
I'm still here with 1/2 my position friday. Not sure if I would have suffered margin call at open. These new margin requirements for 2x/3x are a little annoying. Better be safe than sorry I guess.
ReplyDeletegeanti
BAS, you probably did get a margin call if you have hold on to full position. That is what the specialists want you to do. Hit the margin call or trigger the shorts to squeeze. Then they will let the market fall.
ReplyDeleteI do have margin account, but I never used it.
GCL, your blog is dwindling....
ReplyDeletehow about that PSU win ove LSU?
Where's JDT and Sure Mantra?
a close above 114.57 probably isn't good.
ReplyDeleteand it's headed that way.
gaciana
Today AA will have its earning release after hour.
ReplyDeleteMatt, yes it is. Most beginners of investing is a quick scam of money. They probably lost money and went away. Investment is a marathon, not a destination. So far I lost money on it, but I am a seasonal investor.
ReplyDelete