Fools rally

Started by peternap, March 12, 2009, 06:33:02 PM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

peternap

I guess It's a fools rally. I may be the fool though. I bought 3000 shares of Bank of America a 3.06. I figured it was over yesterday at 5.42 and sold. It did go down, just like I figured....then rebounded some. Today It kept going to close at 5.85.

I have to keep saying..."Never look back, never look back" >:(

Will it continue tomorrow???????????? c*
These here is God's finest scupturings! And there ain't no laws for the brave ones! And there ain't no asylums for the crazy ones! And there ain't no churches, except for this right here!

MountainDon

Ya' never know.

Good luck on that though.
Just because something has been done and has not failed, doesn't mean it is good design.


Mike 870

Can't think of it that way, if you're day trading, any profit is a good move.

peternap

Quote from: MountainDon on March 12, 2009, 06:48:12 PM
Ya' never know.

Good luck on that though.

I'm completely out now Don. I'm just grousing about what I always said to never do...second guess myself ;D

I don't normally day trade Mike....but....the market has been so predictably unstable, It's the only way to make a profit. I was sure we would have a small rally and I was sure BAC would jump up some just on hype, then after I bought, Cramer boosted it (I don't listen to him but he is sure to jack the price up for a day or two when he opens his mouth)...then the rally kept going.

It'll be interesting to see how far this goes. I'll stay out for a while though. I don't like it when I can't tell which way the tree is going to fall.
These here is God's finest scupturings! And there ain't no laws for the brave ones! And there ain't no asylums for the crazy ones! And there ain't no churches, except for this right here!

MountainDon

Second guessing or "what ifing" is never productive. What's done is done. Sit back and enjoy what you have.  :)
Just because something has been done and has not failed, doesn't mean it is good design.