I covered some shorts to take profit (10%, 5%, 4%) and raise money. Entries and exits are posted in TW board. The money will be deployed to add more SRS, if SRS drops below 98.
I see a bounce (1 week) coming. If it does not materialize, I will let my other shorts run wait for the next opportunity.
bullish now (ST)
Started by
greenie
, Aug 03 2007 03:47 PM
4 replies to this topic
#1
greenie
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Posted 03 August 2007 - 03:47 PM
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#2
linrom1
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Posted 03 August 2007 - 04:35 PM
I covered some shorts to take profit (10%, 5%, 4%) and raise money. Entries and exits are posted in TW board. The money will be deployed to add more SRS, if SRS drops below 98.
I see a bounce (1 week) coming. If it does not materialize, I will let my other shorts run wait for the next opportunity.
You are making a lot of very good calls, I'll attempt to come up with your figure of $600 on SRS this weekend. It could be a lot of fun.
#3
rkd80
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Posted 03 August 2007 - 04:51 PM
I covered some shorts to take profit (10%, 5%, 4%) and raise money. Entries and exits are posted in TW board. The money will be deployed to add more SRS, if SRS drops below 98.
I see a bounce (1 week) coming. If it does not materialize, I will let my other shorts run wait for the next opportunity.
greenie,
can you share your though on why you see a bounce coming now versus earlier in the week when a lot of us were expecting one?
rkd
“be right and sit tight”
#4
greenie
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Posted 03 August 2007 - 05:37 PM
$600 SRS is equivalent to IYR=30. It is the fair value, IMHO. Washout value, however, would be IYR=~15 or less (SRS=3000).
I am not a good short-term trader. So, please take any of my short-terms calls with reasonable doubt.
Here are the reasons.
1. NYLOW, NYMO, NAMO diverges with SPX, NYA.
2. DJR did not make a new low as SPX etc did. DJR had been leading the market so far.
3. CPCE looks a bit too high.
4. Some good IT traders, whom I follow here, are now bullish.
5. Cramer's latest rambling.
Also, although I am making a call for a bounce, it could be small and I am keeping most of my shorts intact.
I have been trying to catch a bottom for last 3 days with limited success. Went long SSO early Wed, sold on Thu for small profit and added positions on couple of REIT shorts. I do all these in my trading account to keep my mind away from my 'sell and hold portfolio' and do something stupid.
can you share your though on why you see a bounce coming now versus earlier in the week when a lot of us were expecting one?
I am not a good short-term trader. So, please take any of my short-terms calls with reasonable doubt.
Here are the reasons.
1. NYLOW, NYMO, NAMO diverges with SPX, NYA.
2. DJR did not make a new low as SPX etc did. DJR had been leading the market so far.
3. CPCE looks a bit too high.
4. Some good IT traders, whom I follow here, are now bullish.
5. Cramer's latest rambling.
Also, although I am making a call for a bounce, it could be small and I am keeping most of my shorts intact.
I have been trying to catch a bottom for last 3 days with limited success. Went long SSO early Wed, sold on Thu for small profit and added positions on couple of REIT shorts. I do all these in my trading account to keep my mind away from my 'sell and hold portfolio' and do something stupid.
It is not the doing that is difficult, but the knowing
It's the illiquidity, stupid !
It's the illiquidity, stupid !
#5
SemiBizz
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Posted 03 August 2007 - 05:54 PM
QID is going back over 50... easily... probably by 8/8
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
