Dead Cat Bounce?

[vintner Super Moderator Find all posts View Profile Close vintner]

One small bounce today but there's likely to be a lot more spat's than bounces.

Surely there's a frozen iguana bounce drink out there. I guess that could be a good Friday night drink after a weeks worth of watching the stock markets version frozen iguana's hit the ground.

Interesting idea...crushed ice and something green. Wish I knew my booze better, I could say what the something green was. I know my sammy adams and my cab, but not the bar stuff.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Midori melon liquor would be nice.

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

Midori melon liquor would be nice.

Maybe if they replace the apple schnapps in an apple martini with midori and vodka, that would do the trick. OR you could just mix midori and everclear together, run it through a blender with some ice and serve that up and a frozen drink.

We use to mix everclear and frozen lime aid together for a rather toxic concoction that went down rather easy. After a couple of those, I don't think anyone would really care what the stock market was doing.

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

Not a bad little bounce....we will see how long it lasts. Now the question is when to sell covered calls before we get ripped again. Hmmmmmmm.

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

I agree....the economic recovery is still pretty far off. A slow churn near the bottoms is common in bear markets. Now it is just a timing issue for profit taking for the real short term stuff.

On the other hand, some say things are going to roll around near bottom until February. I've already put some money back in the market-but much less than I took out last year. I think the Dow could hit 7000 before bouncing if it hasn't already hit bottom.

[samsarmy Senior Member Find all posts View Profile Close samsarmy]

Dow +526.23 +6.54%
Nasdaq +93.05 +6.72%
S&P +61.15 +7.64%

About 15 minutes from the bell.

Does each bounce count as one of the dead cat's nine lives?

Mike

[3kids4me Super Moderator and Super Mom Find all posts View Profile Close 3kids4me]

Tomorrow morning everyone who just bought today will sell and the market will be back down.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Maybe the cat was just sleeping.

[joycapecod Silver Contributor Find all posts View Profile Close joycapecod]

I heard Citigroup just got a huge bailout...everyone and anyone except the auto industry.

Joy

[dougp26364 Senior Member Find all posts View Profile Close dougp26364]

Dow +526.23 +6.54%
Nasdaq +93.05 +6.72%
S&P +61.15 +7.64%

About 15 minutes from the bell.

Does each bounce count as one of the dead cat's nine lives?

Mike

Yipeee! Now I've only lost 55% for the year!

[joycapecod Silver Contributor Find all posts View Profile Close joycapecod]

Yipeee! Now I've only lost 55% for the year!

Depending on which account I look at, it's running from 61% to a high of 41%...ain't it grand???

Joy

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

Market still trying to settle here with possible bottom in.....still dicey out there.

I was going to sell calls last Friday but I didn't and regretted it when they gapped it down on Monday. Nice recovery today.

Jury still out....cat still dead and in the air.

[vintner Super Moderator Find all posts View Profile Close vintner]

I think it was a different cat that died yesterday, and that it bounced today. Man that was painful yesterday.

I had fun on Friday. Actually able to sit home and trade during the trading day. That is my goal. Get out of that %()$#@ company that I work for and play the stocks and options game. I am going to another 2 day class this weekend for options. Someday I will increase my winning percentage to the point were I can just trade.

[4ARedOctober Super Moderator Find all posts View Profile Close 4ARedOctober]

Naw it was the same cat......If you study TA (technical analysis) the dow went to 50% retrace from the up move and bounced.....just like it was supposed to.