Open Question
Is this sell off all becasue people are worried about a slowdown economically,
or is it Hedgies selling for redemtions, or is it a combination of both?? I have
not been in this game for that long, but I cannot beleive what I am seeing. This
companies are losing 3-5 years of gains in less than 6-8 months!!! Those of you
who have been doing this for years, have you ever seen anything like this?? And
what do you think the upside for these prices will be for the next 5 years. Can
we more than triple these prices on some of these companies that are just
getting crushed becasue of the overall market fear and not because of
Fundamentals. I have a large amount of cash on the side and am just licking my
lips waiting to get in on some of these great comapnies at great prices. Now on
the flip side those of you with experience what do you see happening if the
House acts like politicians and does not pass this bill? Are we going to see a
huge crash???
Thanks, Runnin'
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I've been adding to my core position in CHK as well. I think that the
commodities will be on fire again once this mess gets sorted out. Buy into the
panic.
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This sell off is a combination of things that you reason above. I also see it
as a set up for the vote in Congress. I think the market is trying to force the
hands of these clowns in D.C.. I see the big boys scaling in buys as we head
closer to the vote. They will hedge their buys, but I see them scaling in &
faking us home gamers out. I've been making nibbles here & there. Some of
these prices are just to good. FCX is almost @ my original core price, the last
allotment I have left. I don't see the world ending. I'm taking advantage of
this ridiculous & wonderful sale(depend how you look @ it) to prepare myself
for the future.
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I think if they don't pass this bill , the whole market is going to look like
one of Peters pictures. BONF. ED
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