We’re covering AAPL short at 160 area. Market continues to weaken. Next stop on S&P is 1270. USD/JPY getting slammed.
Should also mention that JPM is selling down and is technically a broken stock. It has broken out of a trading range.
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6 Comments
June 27th, 2008 at 1:49 pm
look at the headline on CNBC.com right now …
June 27th, 2008 at 1:53 pm
Funny, really, stocks never left bear territory. Panic? No, but the VIX has hit a three month high.
June 27th, 2008 at 2:17 pm
Jpm a broken arrow? It couldn’t happen to a nicer CEO. That’s what happens when a bank hands out to many free toasters.
June 27th, 2008 at 2:30 pm
WTF! My ISP went down for two minutes. I get back on line and the VIX is neg and indices are going up. I repeat, WTF!
June 27th, 2008 at 3:00 pm
Retest of 1270-1275 area, the 2:15 short cover, oil dropped a buck. Just some of the reasons.
June 27th, 2008 at 3:05 pm
Thanks. I paniced a bit when I had trouble getting back on line. Got a handle on things again.