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"Correction Territory"
Absolute Greatest
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Aug 24, 2015 03:09 PM
How did everyone's portfolios do today?
Today is the day to see who could see this coming and who couldn't.
thales
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Aug 24, 2015 03:10 PM
I sold all my stocks the day before the crash. I predicted it. Enronitis made $18k today.
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Aug 24, 2015 03:12 PM
(Aug 24, 2015 03:10 PM)thales Wrote:  I sold all my stocks the day before the crash. I predicted it. Enronitis made $18k today.

Yeah he's probably the smartest investor on this forum. He's been investing in inverse crude oil etfs.
thales
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Aug 24, 2015 03:13 PM
(Aug 24, 2015 03:12 PM)Absolute Greatest Wrote:  Yeah he's probably the smartest investor on this forum. He's been investing in inverse crude oil etfs.
I know. I was going to invest in inverse oil + volatility shares but I came in too late imo so I decided not to. I might invest in some normal oil shares so I can make money when oil goes back up. Otherwise I'm usually in tech and pharma companies. Hmu if you wanna talk.
Absolute Greatest
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Aug 24, 2015 03:17 PM (This post was last modified: Aug 24, 2015 03:17 PM by Absolute Greatest.)
(Aug 24, 2015 03:13 PM)thales Wrote:  I know. I was going to invest in inverse oil + volatility shares but I came in too late imo so I decided not to. I might invest in some normal oil shares so I can make money when oil goes back up. Otherwise I'm usually in tech and pharma companies. Hmu if you wanna talk.

I personally feel oil will continue to drop to $30-$35.
crazyycast13
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Aug 25, 2015 12:41 AM (This post was last modified: Aug 25, 2015 01:01 PM by crazyycast13.)
(Aug 24, 2015 03:17 PM)Absolute Greatest Wrote:  I personally feel oil will continue to drop to $30-$35.

If OPEC doesn't do anything (which I think will be the net result of their meeting), that might become a reality. I honestly think Iran doesn't give a flying fuck about what it does as long as it believes that it is showing its strength(?) to the world.

But for market correction, I'm guessing that the DOW is going to bounce 150+ points tomorrow and stay green.

What the fuck it closed down 200 points.
When you gaze into the abyss the abyss too gazes into you.



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Absolute Greatest
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Aug 25, 2015 02:25 PM
(Aug 25, 2015 12:41 AM)crazyycast13 Wrote:  If OPEC doesn't do anything (which I think will be the net result of their meeting), that might become a reality. I honestly think Iran doesn't give a flying fuck about what it does as long as it believes that it is showing its strength(?) to the world.

But for market correction, I'm guessing that the DOW is going to bounce 150+ points tomorrow and stay green.

What the fuck it closed down 200 points.

It opened up 420 points but finished down 200.
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Aug 25, 2015 07:29 PM
Dead cat bounce was real.
Market going down more.
[Image: mMLFEBk.gif]
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