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starbucks4ever (86.46)

Easiest market ever



June 02, 2009 – Comments (5)

You don't need any investment thesises. This market wants to go up. Period. Don't waste points arguing with the market. It won't always be that way, so don't get carried away and don't use margin. Don't worry trying to call the top, though, it won't be any easier than calling the bottom, and most people calling the top will get burned. When the market decides to correct, you will see some very clear indication.

5 Comments – Post Your Own

#1) On June 02, 2009 at 9:19 PM, AndreylikesMTL (96.22) wrote:

Good one Zloj

Totally makes cense to me, and works flawless.


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#2) On June 02, 2009 at 9:37 PM, starbucks4ever (86.46) wrote:

Great call on MTL. I din't expect it would bounce so strongly, but this ridiculous commodities boom caused the Russian market to go up like crazy. I was counting on a $30 oil, which would have sent RTS down to 300 and bankrupted one half of Russian companies in a matter of months. You got lucky on that one.

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#3) On June 02, 2009 at 9:41 PM, TMFUltraLong (99.35) wrote:

When I start seeing posts like this (nothing against you zloj), I know it's time to start hedging short.


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#4) On June 03, 2009 at 12:36 AM, AndreylikesMTL (96.22) wrote:

(You got lucky on that one.)

I had to get lucky... because I went "all in" on it.

But later I split 1/3 MTL... 1/3IRE... 1/3AIB

All 3 are a Killer, AIB 25% just today.


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#5) On June 03, 2009 at 1:05 AM, StopLaughing (< 20) wrote:

Please go short, Bears. We need a squeeze to make it thru the resistance. This market will run or meander up but it wants to go up inspite of profit taking. It wants to go up because the economy is actually bottoming.

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