For Denleo
#1
Posted 26 July 2007 - 12:07 PM
It's the illiquidity, stupid !
#2
Posted 26 July 2007 - 12:47 PM
#3
Posted 26 July 2007 - 12:56 PM
It's the illiquidity, stupid !
#4
Posted 26 July 2007 - 01:07 PM
Mark S Young
Wall Street Sentiment
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#5
Posted 26 July 2007 - 01:26 PM
I'll say this, greenie, if you don't book some profits in the quality stuff soon, the odds of you giving back your profits are high.
The market is nearing a nice rally. It'll likely leave the junk behind, but that's no consolation if you're short the SPX and it takes out the highs.
Cover..Cover..Cover !!! Yes, that is what I have been hearing for last few months.
I will NOT cover a single position I have. I am not a daytrader searching for pennies here.
Again - here are the shorts - CTX, BZH, RTH, KIM, PLD, DDR, LEH, BSC. Here are the longs - SRS, QID.
When I have time, I will dig up the entry prices that I posted realtime in the technicalwatch board. All were opened in the last 3 months, and all except QID are profitable. I covered only one short - HOV - for 15% profit, and thus missed another 25%.
It's the illiquidity, stupid !
#6
Posted 26 July 2007 - 01:47 PM
Mark S Young
Wall Street Sentiment
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#7
Posted 26 July 2007 - 03:38 PM
You've made some great trades in that batch. I'm not trying to diminish that fact. The SRS and QID are two that aren't so great. You took some heat on those.
You're getting well or at least better, so thank your stars, and when the bottom spotters go off, cover the quality.
We are NOT in a Bear market greenie. The crummy stuff may be entering one, to be sure, but the big names have new highs ahead. Don't take that heat. In fact, consider staying short the crap and going long the quality.
This isn't a day trade, this is a multi month forecast based upon the technicals and sentiment.
Mark
Amazing. So you are essentially completely snubbing your nose at Greenie's prescient calls in shorting the homebuilder stocks. If that wasn't THE trade of the year on the short side, then I'd like to see a better call on the downside. Greenie made a demonstrative call at least 18 months ago that housing would turn into a debacle. He NAILED that call. End of story.
#8
Posted 26 July 2007 - 03:49 PM
Mark S Young
Wall Street Sentiment
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#9
Posted 26 July 2007 - 03:53 PM
johngeorge
#10
Posted 26 July 2007 - 04:36 PM