Starting to reverse.
Started by
ogm
, May 05 2008 07:09 AM
8 replies to this topic
#1
Posted 05 May 2008 - 07:09 AM
Sorry, guys and gals, I was on the road last couple weeks and wasn't responding to PM's.
I've been gradually selling long positions into the rally. Some too early, some too late
Some were big winners, some were ugly losers. But overall worked out OK.
Bond shorts and gold shorts also worked out fine.
I'll be almost out of all long positions with very few exceptions sometime today. And I've already started rebuilding short positions.
I think stuff like FSLR, AAPL, BIDU, RIMM are getting ripe for a nosedive once again.
The market has calmed down significantly, and is reacting exhuberantly to bad economic news ( Friday's employment report for example). AAII is also up there and put/call has been dropping like a rock lately.
So some sort of a sizable pull back is coming due. That is what I'm expecting here.
Not going to wreck my brain trying to figure it out beyond that for now.
#2
Posted 05 May 2008 - 07:44 AM
Now I have to confirm we have a top. OMG is the reverse guy just like last year.
#3
Posted 05 May 2008 - 08:10 AM
Good to have you posting again, OGM.
#4
Posted 05 May 2008 - 08:25 AM
Ditto that!Good to have you posting again, OGM.
#5
Posted 05 May 2008 - 08:31 AM
Welcome back, welcome back, welcome back!
UBW
#6
Posted 05 May 2008 - 08:58 AM
Welcome back.
CP1
#7
Posted 05 May 2008 - 09:23 AM
Welcome back ogm!
I fail to understand wich of your trades was ugly loser,
probably some particular stock pick,
but overall your winners should be the majority for what i recall.
Spesi FF
#8
Posted 05 May 2008 - 09:33 AM
...Ok i see,
you had to cut losses on some early longs?
Never mind, all your calls were right just a bit early!
I particulary liked your bond short...
Spesi FF










