Quote from: arepo on April 27, 2013, 06:33:09 PM

Quote from: damnek on April 27, 2013, 06:27:03 PM

Quote from: arepo on April 27, 2013, 06:01:44 PM

you guys are fools if you think we're going to break $120 any time soon.

Famous last words?

we'll see. everyone is terrified, talking gloom and doom, while the price simply consolidates, so it looks like a market bottom to me.

let me ask you this: who is going to dump now, after a day of quiet consolidation, who didn't dump two days ago? the proportion of weak to strong hands plummeted after the most recent panic sell -- everyone's just on the sidelines. there won't be enough volume to break under $120 on the weekend, and by Monday the buyers are going to be a little less wary.

--arepo

Anybody who realized just now this is really a bubble and 50 wasn't the bottom.