gorilla lights cigar at 75c, page-10

there is a saying trade what you see, not what you think. thinking what could happen could send you broke.

the asx hasn't even bounced even though the dow has bounced 18% ?? how long before they are in the next leg down. the next trillion in losses from american banks hasn't just disappeared

s&p earnings could be as low as $40 next year and a brave p/e of 12 gives you 480 on the spx. that is some serious downside left if it happens. $50 earnings and p/e of 12 gives 600 or a bear market 70's p/e of 8 gives 400.

scalping is the only way to profit in 2009 given the downside risks untill there is a confirmed uptrend.

all i've seen the last few weeks is very small windows of oppourtunity to get in on stocks. 2-3 days at most and get out. stocks like tim & gtp up a quick 50-60% in days then back down, igo 30%, aqa 50% in days, coal stocks offering good ops for scalping