Not enough chart data for me to say much, I’m strictly TA personally. Macro and micro downtrend on the daily chart…I wouldn’t do anything till about $8 as that’s closest daily support. The macro trend though…going long you’re fighting the tide at this stage. JMHO
Edit—
Unless you’re basing this off the weekly support which is at $9.30. Depending on your timeframe it may be worth a taste at this support but then you really need to let the weekly momentum play out and show it’s hand.
Ya makes sense…I just keep thinking what if it actually ends up being huge literally as a FB of china and ends up being worth 100 like a lot of our internet companies here do.
Low cost per share at below $10. If you think it could be huge just take a small lotto position at support and sit on it. Everyone should have a small portion of their portfolio for educated gambles like this IMO. 
---------- Post added at 09:47 AM ---------- Previous post was at 09:08 AM ----------
Here’s my typical chart view. From a price standpoint it’s in a macro downtrend, but from a trend/slope standpoint it’s actually macro uptrend. This am it opened above the daily micro trend.
Here’s the 60 minute volume profile chart.
Here’s my weekly chart for the DOW mini futures.
New quick blog post on TradersBase about CSCO. If any of you guys care to DIGG it or help push it out there I’d appreciate it. 
Thanks
I am just going to post a link because I will get banned if I say what I want to say right now…
http://thinkprogress.org/economy/2011/06/28/255724/goldman-sachs-outsource-1000-jobs-singapore/
Sorry if it is a repost.
That’s me being…well…not surprised.
Sheep may be stunned to find out about this. But they have the attention span of a fly and will quickly go back to buzzing around and watching their plasma the just charged on a card. LOL
I just want to know where the bailout money went. I think we as Americans should DEMAND full disclosure on where precisely the funds went. We are the ones footing the bill after all. 8/
Well they were bragging that 67 billion was paid back but we will never hear about the trillion or so that was sent to foreign banks. They are saying there will be no money for soldiers or SS but they sent a trillion to foreign banks?!?!? Nice.
People need to stop voting, withhold tax payments and turn in the things we have bought via debt that we cannot afford. Let the banks eat a dick, our credit scores suffer and the banks get what’s coming to them. Let’s conduct a true “we the people” flush-out where we evict banker backed politicians that have alternate agendas. The elected are supposed to have the American people’s best interest in mind, clearly this is NOT the case!
Let’s face it…our economy is based on debt with interest, plain and simple. The collateral for that debt is OUR (working class taxpayers) future labor. They have enslaved us with labor expectations that aren’t anywhere near realistic. We simply cannot export or produce anything worth $14 trillion (and growing). Fundamentally we have been bankrupted by the bankers AND the American people’s willingness to live beyond their means.
My dilemma is this…I’m big on personal accountability and I cannot fault the government and banks alone. PEOPLE took those loans and enabled the system. PEOPLE keep electing these corrupt assholes, don’t they? Sure the educational system and propaganda leads people to the slaughter house, but that doesn’t mean you can’t break away from the pack of imminent death. I try and try to get people to listen. I try to educate. But like you…they try and fit me with a tin foil hat. SIGH.
TraderBASE 2012!!!
Wanna be my VP? I offered it to Sarah Palin but she declined…too busy shooting her lame TV show. 
Chris is KILLING IT. Now 38% realized gains since April. Is there a reason people aren’t checking us out? Do I have BO? HAHAHAHAHA
Best visual depiction of US debt I’ve ever seen. Funny ass domain name as well. 
lol fuuuuuuuuuuuuuuuuuuuuuuuuuu
And now we’re hearing the American people say “this is annoying and it’s never worked, lets just get rid of the debt ceiling.”
Are you fucking kidding me?! Prior to the debt ceiling congress had to individually approve every loan, but in WWI that became impractical because we were so busy fighting for the free world that we had to have a more efficient way to spend even though it would mean looser controls. So to cope with a time of war we came up with the debt ceiling. With government being the policy check valve that it is (laws go in, never out) it was never changed back.
Now people want to give congress the power to take on debt with total freedom? The American republic will go the way of the Roman Republic within our lifetimes if that happens.
Ron paul says we can play this game for another ten years, that is long enough for me to retire. Good luck fellas!
Given the popularity of WWE, MMA “combat” sports, and overall the American infatuation with violence I’d say we’re right on track for your Roman prediction. I’ve said that for some time now actually, not shocking that we are on the same page I guess. LOL.
Timing the death of a dynasty is near impossible though so I have no timeframe prediction. It’s not like I can look at a chart for these types of things.
There is basically no short term win here. Raise the debt ceiling as you’ve done before and try to pay off existing debt with more debt, which further enslaves us to an already insurmountable debt burden. Or default and suffer unknown consequences. If we default there could be war waged upon us, civil unrest and rioting etc…
I personally vote for a default, understanding that will come with alot of pain for most and unknown consequences. I’d rather give future generations a fresh start at “freedom”, free from debt caused by their parents/grandparents living in excess.
---------- Post added at 09:31 AM ---------- Previous post was at 09:26 AM ----------
Retire on what currency? If US Dollars will your lifetime of earnings/savings still be a valid currency? Assuming the USD is still valid are you prepared for probable inflation issues?
Devils advocate.
---------- Post added at 09:32 AM ---------- Previous post was at 09:31 AM ----------
Retire on what currency? If US Dollars will your lifetime of earnings/savings still be a valid currency? Assuming the USD is still valid are you prepared for probable inflation issues?
Devils advocate.
Uhhhhhhhhhhhhh ammo of course. That is my main investment for the next ten years.
I’m with you!
What do we pay in interest? I wonder how much of a budget surplus we’d need to just break even…
---------- Post added at 09:56 AM ---------- Previous post was at 09:50 AM ----------
Or is interest included in the budget? Dur that would make more sense.
Isn’t that the issue??? That we haven’t run a technical surplus for decades. Therefore interest alone hasn’t even been paid, let alone anything on the principal debt. This is why it’s an exponential game.
I say “technical” surplus because the currency was based on debt in the first place and a true surplus wasn’t even a possibility. Of course this is only true if you disreguard the assets of the country, but now I’m getting way too deep on company time.
WOW… big news today first quarter GDP revised down to .4 from 1.9. Second quarter GDP out at 1.3 down from a projected 1.8. Inventory projections were way down from what they thought they were. Bloomberg is trying to blame it on the Japan Tsunami… that is a bunch of bull if u ask me that happened in March near the end of the quarter. More proof that the economy isnt improving and that there isnt an increase in spending. The government is starting to reduce its spending and its showing that everyone else isnt spending yet.
Great day for the Bond market!