Can One Really Make A Living As A Daytrader???? I'm Gonna Find Out! I'm The Boss Of Me!
Monday, September 15, 2008
It's Been Real............
So long Merrill and Lehman Bros....who'da thunk it?
I wonder who's next?
Your views my former Bear Stearns employed friend?.........
7 comments:
Anonymous
said...
Wall Street has always been about greed. Senior managers at many firms lost focus and only looked for the quick buck, so now they have to pay the price. That said, the fat cats will still get their million dollar bonuses, and it's the grunts that lost their life savings. Grrrr I wonder how the Fed justifies bailing out Bear and not Lehman? As far as who's next? Could be anyone, but you may want to short WaMu. ;-)
M - Ur right - this really doesnt effect the higher ups...its the ppl that had their retirement and savings money in stock purchase plans, and then will get a pink slip in the next few weeks that will be hurting. Some crazy shit!
Wish I could short WaMu - but I think its on the no shorting list........
Just because I know you are slightly neurotic (not a bad thing!), I was waiting for you to ask that question.... I meant MY FRIEND WHO WAS FORMERLY EMPLOYED BY BS.........
I've all but abandoned the daytrading for now to concentrate on the swing trades. Here's how it works:
I noticed that stocks that report worse than expected earnings AND have a price drop that day, seem to signal the start of a price downtrend. Therefore, at the close of the day that a stock reports worse than expected earnings AND the stock dropped, I short, and look for at least $0.50. Im also willing to wait for it a few days.
7 comments:
Wall Street has always been about greed. Senior managers at many firms lost focus and only looked for the quick buck, so now they have to pay the price. That said, the fat cats will still get their million dollar bonuses, and it's the grunts that lost their life savings.
Grrrr
I wonder how the Fed justifies bailing out Bear and not Lehman?
As far as who's next? Could be anyone, but you may want to short WaMu. ;-)
M
M - Ur right - this really doesnt effect the higher ups...its the ppl that had their retirement and savings money in stock purchase plans, and then will get a pink slip in the next few weeks that will be hurting. Some crazy shit!
Wish I could short WaMu - but I think its on the no shorting list........
Oh well!
Now get back to work!
:-)
>Your views my former Bear Sterns employed friend?.
former refers to 'Bear Stearns', 'employed', or 'friend'?
Just because I know you are slightly neurotic (not a bad thing!), I was waiting for you to ask that question....
I meant MY FRIEND WHO WAS FORMERLY EMPLOYED BY BS.........
Better?
:-)
HEY! Wadda ya mean slightly neurotic?!
LOL
love ya
I always feel "safe" being in education, and I hope my NY pension remains safe. Safe but poor...
LFD - yes - i guess no matter how bad the economy gets, we need teachers no matter what! You guys dont get paid enough though, in any economy!
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