OK, I thought Friday was gonna be the crash, but naïve/stubborn dip buyers prevented that (just give up already so this pattern can be over and done with!)…US futures are down 3% right now and worldwide stock markets are finally feeling more well deserved pain so maybe we’ll get capitulation this week.
Damn CNBC talking heads keep getting people thinking we’re gonna have some big snapback rally so people are buying randomly, thinking they’re gonna miss it.
I tell you I won’t miss the channel when its brought down by the inevitable thousands of lawsuits from people finally realizing how dangerous entertainment dressed up as advice can be.
Those of you who watched LiveStock on Friday know, I am all about staying liquid—it helps that the dollars is surging bigtime—and don’t expect any big bounces…the longer we wait while everyone else panics, the better entry prices we get and in a truly crashing market like this, we need to get the best entry possible.
Here are some potential plays, but I doubt I’ll trade any of them, I’ll be more closely watching actively traded stocks as its times during panics that the odds are actually in your favor—if you can stay calm and rational, which so few can—so the entire stock market resembles the odds that are enjoyed by us PennyStockers…
RBCN has gone from $30 to $5 in a few months, pattern actually looks to be bottoming, one big up day so far, again, I want several big up days before I try shorting this thing… and no, I’m not buying it for a bounce either, do you people not understand what tax loss selling is?
SPAR has a hideous stock chart and one up day, I’ll short if it goes up another 1-2 days.
RBCAA was a big 20%+ win for most TIMalert subscribers, the details of the alert are in this post
GBRC is being promoted by WallStreetGrand.com, I’d be interested in shorting, but these guys are the most useless promoters (outside of DoublingStocks.com), so for $40,000 in wasted promoter $, I doubt this stock is going anywhere—my advice to the people who paid for this, do better research next time so you can pick a firm that actually has a track record of successful pumps, WSG just gives promoters a bad name with their incompetence.
Tags: Potential Plays
