Wednesday, July 7, 2010

Adding to Shorts

Monster short squeeze and I am fading this move now shorting here.  It is a great shorting opportunity.

3 comments:

Petsamo said...

Gap up is likely, but I'd like to see a gap down.

Anonymous said...

mh ... could be shortest term overbought but u r playing dangerous games. looks like big money i playing with computers. 50% volume was in 99 stocks ... mh ... looks like GS and friends want to push the markets up and kick the shorters big way in their azzes. sometimes u need to read the news - they r sometimes telling what the real game might be. Jammy.

PS : no fear ... man look at VIX on Thursday ... 37 and if Barton Biggs got rid of his stuff ... tellz me some ppl r bearish out there.

Anonymous said...

Can't win em all dawg. You had a good idea of getting long a few days ago but it took a while to materialize, the rally. So one choppy day and you changed your mind and then became bearish, and got short.

I say after a big move, just do nothing because after a big move the market just doesn't go the other way.