Wow, it’s been a while since we had this kind of fear in the marketplace, but this morning’s action really reeks of fear–isn’t it beautiful? I know, I know–I always say it doesn’t matter what the overall market is doing, but it’s just so much fun to sit on the sidelines while all the bulls are getting crushed.
As for my plan today, I don’t know if I’ll try and pick up some bounces–CROX is near unchanged for the day (a very bullish sign). The markets waste
d an awful lot of dip buyers with yesterday’s rebound so it’s going to be interesting to see if there will be similar action today. Remember what I said about Friday afternoon short squeezes …….but if that doesn’t play out, there’s always the chance of Friday afternoon panics!
Ahhhh I love this volatility–this is why it’s sooooo important to learn short selling, you just gotta be able to play stocks up or down. If you do, you’ll have an advantage over 95% of all the other market players since most people think short selling is too complicated/too speculative/not right for them/ the devil’s work .
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