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Dow Jones falls 1,000 points Thursday

Discussion in 'BlackHat Lounge' started by donnabrown, May 7, 2010.

  1. donnabrown

    donnabrown Newbie

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    The stock market had one of its most turbulent days in history as the Dow Jones industrials fell to a loss of almost 1,000 points in less than half an hour

    Code:
    hxxp://news.yahoo.com/s/ap/20100506/ap_on_bi_st_ma_re/us_wall_street
     
  2. ShareTip

    ShareTip Junior Member

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    Any stock trader here?
     
  3. maxxtuner

    maxxtuner Junior Member

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    They have all jumped out the window.
     
  4. Deviance

    Deviance Regular Member

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    [​IMG]
     
  5. ShareTip

    ShareTip Junior Member

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    You'd be fine if you were short on or before Wednesday, i.e. earlier in the week.

    However, if so, I'd cover (and even go long) in anticipation of a significant but limited bounce, (and flip any long position for a quick profit to become flat). Then go short once again soon thereafter.

    Trading is not that hard, believe or not, and it can be a lot of daily fun and profit. IM by comparison is a lot more work, with much slimmer profits, IMHO.
     
  6. MrSmith

    MrSmith Newbie

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    It was a typo + the Greece economy dying slowly that caused this ravage lol.
     
  7. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    ...and we're still breathing

    fyi the Greeks plans to buy the whole EU + Switzerland in the first round before they occupy China, it's just the part of their tactic, have you ever heard of the Trojan Horse?! :) but shhhh ;)