my guess is that for now SKF goes down, b/c the financial markets have some footing...at least less uncertainty. know what i mean? however, this is the last of the support. should these companies falter even more there is no more cushion under them. and there isn't much room or money left for more government or private bailouts. so i see SKF going down some (overall), but being stretched like a rubber band.
that's the problem when you can't daytrade...you try and convince yourself you have some level of understanding...to make strategic buys. i'm staying out for a while. i think there will be some sweet gold and financial buys coming up shortly. but right now the market is best for day trading i think. i'm glad i was "right" in my UYG buy...i just didn't time the buy or sell very well...only a small profit...could have been quite large.
that's right. i think financials may go up on current news and "certainty". but it's all a joke, and they will eventually fall again...that's when SKF will go up.
6 comments:
85 Billion loan to AIG has what affect on SKF...
my guess is that for now SKF goes down, b/c the financial markets have some footing...at least less uncertainty. know what i mean? however, this is the last of the support. should these companies falter even more there is no more cushion under them. and there isn't much room or money left for more government or private bailouts. so i see SKF going down some (overall), but being stretched like a rubber band.
that's the problem when you can't daytrade...you try and convince yourself you have some level of understanding...to make strategic buys. i'm staying out for a while. i think there will be some sweet gold and financial buys coming up shortly. but right now the market is best for day trading i think. i'm glad i was "right" in my UYG buy...i just didn't time the buy or sell very well...only a small profit...could have been quite large.
I thought if financials go down, then SKF, being a double short, would rise?
that's right. i think financials may go up on current news and "certainty". but it's all a joke, and they will eventually fall again...that's when SKF will go up.
Nate,
You're fine if you're in SKF. This little 85Bil BS won't go far. These guys are cooked geese and the temp in the oven is rising.
Hey Nate, when did you book your UYG????
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