Posts : 2740 Join date : 2008-05-13 Location : Central Florida
Subject: Stock May 6, 2010 Thu May 06, 2010 6:36 pm
Down three days in a row, I bought Helen 50 shares of PM this morning. Down $50 now. Nobody could have gotten any of that unless they had some weird buy orders in effect.
rockhump
Posts : 1550 Join date : 2008-05-16
Subject: Stock May 6, 2010 Fri May 07, 2010 6:51 am
Oh, the carnage! Made a contrarian bet with my stock picking buddy last night. Bet him that the market would close green today..Premarket looks good for me.
Thump
Posts : 2740 Join date : 2008-05-13 Location : Central Florida
Subject: Re: Stock May 6, 2010 Fri May 07, 2010 8:19 am
Predicting the market is always a gamble but you've taken the right side.
1. History shows two up days for each down day over the long term so up is almost always the best bet.
2. I don't think it finished it's rebound yesterday, a slight stall but buyers were still stunned. They seem to be like rabbits so anything could spook them anew and send them running again though.
EDIT: Whoops
rockhump
Posts : 1550 Join date : 2008-05-16
Subject: Stock May 6, 2010 Sat May 08, 2010 6:51 am
Well, lost that bet.. 5 bucks..easy come, easy go! I think the market will bounce back next week but won't bet on it.
Thu May 06, 2010 6:36 pm
