Closed down 116.
(But, you knew that)
Posted on 06/11/2013 5:05:23 AM PDT by blam
I’m on record here as saying the top is already in for stocks and that the fact that a guy as cynical and pessimistic as me is starting to buy opening down-gaps for day-trade beer money is anecdotal evidence.
Buying a percent-plus down gap is a high percentage play no matter what’s happened in the past week or month or six months. I’ve got about a half dozen similar plays in my bag. None of them work out 100% of the time.
Oh yeah we’re going down and down hard before the end of this year, I’ve got some good money bet on that already.
Closed down 116.
(But, you knew that)
I feel like the guy with the sledgehammer working on the rockpile with Woody Allen in “Take the Money and Run” — “sorry man, first time I missed...” as Woody limps away.
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