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Too many shorts already!


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#1 espresso

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Posted 20 July 2007 - 07:00 AM

Taking most profit from yestarday shorts (I know didn't post it, was too risky!) now. I have a feeling that this shooting star will be raped wildly...! Might resell if top again! B)

Edited by Espresso, 20 July 2007 - 07:01 AM.

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#2 ogm

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Posted 20 July 2007 - 07:03 AM

There is only one thing to remember... Housing stocks. Everyone was shorting housing stocks.. there were tonns of shorts in them... and they all made money. Now I wonder what the sentiment is among Chineese housewifes who are wildly daytrading the world markets out of millions of their brand spanking new brokerage accounts. These days the talk of the town is.. too many shorts in financials...... but... XBD chart I posted last night says its coming, and it will come. And those who are buying financials here because there are too many short in them, will have their heads headed to them in a matter of weeks. I have no idea what will happen in the next 2 hours, nor do I really care.....

Edited by ogm, 20 July 2007 - 07:09 AM.


#3 espresso

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Posted 20 July 2007 - 07:17 AM

I said most not all! :P I need a low today 9am might do or 1pm or the close, then one more push could make a good top... jmho
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