Tuesday, December 2, 2008

Risks remain high staying short

Wow what a week through Thanksgiving! I made more money that week than I did all year long. I sold at the top on Friday and went all cash. However, I think all dips can be traded from the long side as we are waaaaaaaaaaaaaaaay overdue for an intermediate term rally.

The market loves Obama
The market is in a lot of cash
Xmas season is a reason to buy

Be carefull on the short side....institutions are not hedging short at a lower level, they are buying.
Year end pension/401k contributions should offset any tax loss selling.

Only use short sells intraday.

B

2 comments:

  1. GM, HIG, C, CLB, FXI all look like good buys

    ReplyDelete
  2. Winace found a great short!!!!
    FAF---
    I think he finally got it together. About time don't you think?
    I found LRCX and JBX--short--I have charts on it somewhere---
    I have so many sites I can't keep up with them anymore---Just go to my main disqus page and look for a comment with the option.zstock7=154 id link and click on that---
    My members are keeping me really busy--The sign ups never stop--every hour there's more people joining---They are coming from all over the world---
    just amazing---
    DEC 27-2 that has a lot to do with it!!!!

    ReplyDelete