bullish now (ST)
#1
Posted 03 August 2007 - 03:47 PM
It's the illiquidity, stupid !
#2
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
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
#4
Posted 03 August 2007 - 05:37 PM
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's the illiquidity, stupid !
#5
Posted 03 August 2007 - 05:54 PM
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