What keeps me alive here is waking up at 6 am in the morning and seeing how big brother DOW, S&P500 has done last night. You usually have a positive futures then a negative finish. The drop yesterday plus the mere fact that US bond in on a year low means there are signs that there is going to be a big market pull down.
David, I am sure you have been to a few crashes in the market and I am not trying to instill fear as you guys are very well aware of the capability of SDL as a company. But, again, I want you guys to keep some in cash and do not throw it on stocks until we see All Ords at 4200 range. I am not trying to be an oracle here so I hope that for the sake of sanity during this very volatile times we remain open to the possibility of a market crash. If you are 100% cash and the market plummets, the power of the herd will hit us very very hard.
The market has been faded almost everyday and when the consensus believes that it will go lower, the bid will disappear and the market can easily crash. All, I know is that there is a 10% limit on the ALL ORDS.
Pragmatism will always lead to long term profit and have our ego and greed at check.
I have never been good in making big profit in the stock market but at the same time, I never really loss that much so I guess this opinion is coming from an average guy so hope you take my concern as genuine and in the interest of our retail position against the big insto manipulators.
superOX
SDL Price at posting:
32.5¢ Sentiment: None Disclosure: Held
