GREY:MLKKF - Post by User
Post by
bjorn3d2bon Nov 11, 2008 5:52pm
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Post# 15579308
Today's Action Tells
Today's Action Tells
We are in a serious bear market raid. The rapid decline in the world's economic system proves that our electronic systems of trading and instant transfer of information from street to screen is working. In today's market holding stock for the long term is too dangerous. The speed at which economic systems and news operate these days makes it impossible to have confidence that you won't get caught in a swift change like we are experiencing. It defies logic where ML closed today but not why it fell to $5 in light of the massive commodity decline and world economic turmoil. I regret my long term stance on ML but I am still in the stock and not selling a share now but I will be more inclined in the future to pair back as we go higher. The world has changed and we all need to review our investment strategies to keep in tune with this fast moving environment we find ourselves involved in. To play in this market one needs to be more vigilant than ever to changes that are occurring world wide and to act on them swiftly if prudent consideration dictates action. These are very very tough times.