if i was short yesterday I would be going McVay today....
i am pissed and I was long....
short nqs at 1779
Started by
atlasshrugged
, Sep 19 2008 07:28 AM
4 replies to this topic
#2
kaiser soze
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Posted 19 September 2008 - 07:42 AM
I think it is a treacherous trade. The big problem is joe retail went in short big time. The odd lot short sales spiked to a near record yesterday and the odd lot share purchases dropped big-time. So the average stock trading joes joined the hedgies at precisely the wrong time. Or Da Boyz waited, waited till the odd-lotters shorted big-time and the took them to the cleaners. These shorts are now trapped 125 SPX points below current levels and are not going to be granted a graceful exit.
Which is why this has the makings of a sustainable rally. Intraday we may have ten or twenty point swing to the downside since the single best indicator has triggered a sell. 
#3
rightside
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Posted 19 September 2008 - 07:57 AM
if i was short yesterday I would be going McVay today....
i am pissed and I was long....
I would like to short the break of this parabolic ramp...trendline in place....wait wait wait
Best,
rs
#4
atlasshrugged
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Posted 19 September 2008 - 08:11 AM
i think the es is going to 1320-50 but today????I think it is a treacherous trade. The big problem is joe retail went in short big time. The odd lot short sales spiked to a near record yesterday and the odd lot share purchases dropped big-time. So the average stock trading joes joined the hedgies at precisely the wrong time. Or Da Boyz waited, waited till the odd-lotters shorted big-time and the took them to the cleaners. These shorts are now trapped 125 SPX points below current levels and are not going to be granted a graceful exit.
Which is why this has the makings of a sustainable rally. Intraday we may have ten or twenty point swing to the downside since the single best indicator has triggered a sell.
i think it will pull back a little
#5
atlasshrugged
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Posted 19 September 2008 - 08:17 AM
the cheif????lolI think it is a treacherous trade. The big problem is joe retail went in short big time. The odd lot short sales spiked to a near record yesterday and the odd lot share purchases dropped big-time. So the average stock trading joes joined the hedgies at precisely the wrong time. Or Da Boyz waited, waited till the odd-lotters shorted big-time and the took them to the cleaners. These shorts are now trapped 125 SPX points below current levels and are not going to be granted a graceful exit.
Which is why this has the makings of a sustainable rally. Intraday we may have ten or twenty point swing to the downside since the single best indicator has triggered a sell.
