The Dow tomorrow: Predictions?

[myrobbins7]

I agree Droski..I think right now alot of people are just chasing money to make a buck and they will get burnt, it is just a matter of time.

 

[myrobbins7]

I just love this last hour of trading..*sigh*

 

[TennTradition]

What exactly is SKF? It went crazy today...

 

[droski]

ultra short financials

 

[TennTradition]

ultra short financials

... I read that after you guys posted about it...I guess I was looking for a description of what it is about...

 

[droski]

for every % the financial index goes down the SKF goes up 2X (or at least that is the way it is supposed to work).

 

[TennTradition]

for every % the financial index goes down the SKF goes up 2X (or at least that is the way it is supposed to work).

Ahh...that's interesting.

 

[myrobbins7]

It sucks the Dow broke the 8,000 level, that was a huge support level.

 

[TennTradition]

It sucks the Dow broke the 8,000 level, that was a huge support level.

Do you think that opens up the door for 7500 or lower?

 

[myrobbins7]

Well TT. im looking for the next major support level and right now no number is safe it seems like. 8,000 was a huge level, so who knows man..

 

[myrobbins7]

Wow, (BRK) shares are down to only $84,000 a share. :crazy:

 

[myrobbins7]

Do you think that opens up the door for 7500 or lower?

Watch for 780 on the S&P. That is the next support.

 

[allvol123]

Why is the election of Obama not fixing things robbins???????

 

[myrobbins7]

Why is the election of Obama not fixing things robbins???????

Interesting isn't it? I thought the Messiah was going to save us.

 

[allvol123]

Interesting isn't it? I thought the Messiah was going to save us.

You think Campbell's Soup and Smith & Wesson are good buys right now?

 

[myrobbins7]

I think things will turn around after he gets in, but it might get worse before it gets better. Hang in there and buy them cheap now.

 

[myrobbins7]

You think Campbell's Soup and Smith & Wesson are good buys right now?

:birgits_giggle:

 

[allvol123]

I think things will turn around after he gets in, but it might get worse before it gets better. Hang in there and buy them cheap.

Will do.

 

[rjd970]

I wish I could understand the language of this thread, or had as much knowledge on the subject as you guys do. But I do work in the aerospace industry and Boeing stock is probably pretty undervalued at $38/share right now. I'm about ready to throw some money down on it.

 

[T-TownVol]

Wow, (BRK) shares are down to only $84,000 a share. :crazy:

Hey Rob, that ain't funny, my family has 100 shares

 

[myrobbins7]

Hey Rob, that ain't funny, my family has 100 shares

I meant no harm my friend..:hi:

 

[myrobbins7]

I wish I could understand the language of this thread, or had as much knowledge on the subject as you guys do. But I do work in the aerospace industry and Boeing stock is probably pretty undervalued at $38/share right now. I'm about ready to throw some money down on it.

I dont follow Boeing that much at all man. I have daytraded this stock back in the day but not anymore so I would hate to tell ya anything on this one. Im sure Dorski has some info on it..

 

[VolsNSkinsFan]

I dont follow Boeing that much at all man. I have daytraded this stock back in the day but not anymore so I would hate to tell ya anything on this one. Im sure Dorski has some info on it..

Its trading at a 7 PE, has a 4% dividend and has a market cap of $27 Billion and $4.7 Billion in cash, yea its cheap

it should win that 40 Billion tanker contract too

Happy Trading!

 

[droski]

the concern is that obama will kill all defense contracts.

 

[myrobbins7]

Its trading at a 7 PE, has a 4% dividend and has a market cap of $27 Billion and $4.7 Billion in cash, yea its cheap

it should win that 40 Billion tanker contract too

Happy Trading!

Good info man..