I also saw that 45% of the selling volume Friday on the NYSE was short sales. I would bet that the percentage of the float short SPY has INCREASED with the further selloff. I guess we're doomed.
Short SPY must be the trade.
Started by
Iblayz
, Jan 14 2008 12:23 PM
5 replies to this topic
#2
KnowNuttin2
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Posted 14 January 2008 - 12:42 PM
I also saw that 45% of the selling volume Friday on the NYSE was short sales. I would bet that the percentage of the float short SPY has INCREASED with the further selloff. I guess we're doomed.
I B layz...where did you get that info on 45% ss? Good work!
#3
Iblayz
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Posted 14 January 2008 - 12:52 PM
I B layz...where did you get that info on 45% ss? Good work!
Oops I made a mistake. I read the post yesterday and thought it was stated as of Friday the 11th. It wasn't. The 45% figure was related to Friday the 4th. From Mortiz on Fib's site. However, the 47% figure on SPY is correct as of December 31st. Navigating the NYSE site for info one could find easily in the past has become a bit of a chore. Here's the link to the Mortiz post. I'm glad you asked because I wouldn't have found my error. One would think that I would have noticed that the post was from the prior weekend.
#4
KnowNuttin2
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Posted 14 January 2008 - 02:30 PM
I use short spy to hedge my long stock portfolio....Is that bearish?
#5
Wavetimer
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Posted 14 January 2008 - 02:55 PM
I use short spy to hedge my long stock portfolio....Is that bearish?
no it straddle like in other words a spread
#6
bob4
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Posted 14 January 2008 - 03:56 PM
"no it straddle like in other words a spread"
WHAT?????????????????????????????????? 
