Oh the joy that comes with being a fundamental analyst! That’s harsh! However, anyone taking an honest look at this chart knows damn well that the trend was straight down already. Whether or not some one analyst said something of consequence is irrelevant with THAT chart.
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August 4th, 2008 at 2:46 pm
there is no doubt about it the call was right the trend is down
August 4th, 2008 at 3:47 pm
Looking at the monthly chart it looks like it has one more wave down. And that it may lanquish in that area for months.
I can’t help but to believe that the Feds insidious perpetration of available money has first created the high speculative prices on housing and oil but then the brakes in peaks as well. They know just what they are doing. What’s next a proposal to salvage the economy with an AMERO?
August 4th, 2008 at 4:00 pm
That’s amazing that people would rather lose money and make death threats than take personal responsibility for their trades. The drop in Citi stock is not even that unusual. Twice in the last 10yrs its had huge 50% drops before this one. How could any reasonable trader not take that into consideration before making the trade?
August 4th, 2008 at 9:07 pm
If Meredith Whitney read your books and had taken your course she could have written the obituary much sooner. Or at least would have suggested buying “puts” several months ago. It is too bad about the lack of knowledge of investors that would make death threats to Ms. Whitney.
August 5th, 2008 at 10:07 am
How boring life would be if everyone thought exactly the same…not to mention less profitable!