Great advice as always Aus. I have gotten burned several times when I have kept sell positions because I just knew that the fundamentals were on my side and that the market was going to turn in my direction. And of course the market kept moving up and my negative number kept getting bigger.
I still assume that the market is always about to turn down. Now, however, I only place money on it when the technical indicators agree with my opinion. It is a lot cheaper that way.
It looks like GJ has jumped around a fairly good bit today. That is not normal for a saturday. We could see a lot or premarket activity tomorrow just like last week.
Northern Rock appears to have gone from first hint of trouble to being split apart in about 72 hours. Amazing how fast the upside down money pyramid collapses once the first cracks appear. If another bank collapses, it could be the trigger for a real financial crisis.
I still assume that the market is always about to turn down. Now, however, I only place money on it when the technical indicators agree with my opinion. It is a lot cheaper that way.
It looks like GJ has jumped around a fairly good bit today. That is not normal for a saturday. We could see a lot or premarket activity tomorrow just like last week.
Northern Rock appears to have gone from first hint of trouble to being split apart in about 72 hours. Amazing how fast the upside down money pyramid collapses once the first cracks appear. If another bank collapses, it could be the trigger for a real financial crisis.