7 replies to this topic

[ogm]

Momentum setup for a big upside move if it takes out the resistance.

6 point stop at 778.

[greenie]

Are you buying here? What is your entry price?

[OEXCHAOS]

So far, so good. There are a ton short there. I just hate buying poor relative strength, generally. Mark

[ogm]

Are you buying here? What is your entry price?

Yes, I bought. 783.

Its breakoing out now. 6 point stop, potenitial 15-20 point run easily.

So far, so good. There are a ton short there. I just hate buying poor relative strength, generally.

Mark

Yes, but its the most shorted index.

Edited by ogm, 18 September 2007 - 10:03 AM.

[OEXCHAOS]

Oh, yes. I see the strategy. Courage could be well rewarded. I note that everybody and their brother is able to short without an uptick and these smaller stocks are thinner than many think. Hedge funds are the new amateurs. Mark

[ogm]

Sold half ER at 800 for 17 points. Keeping the other half.

[Insider]

Sold half ER at 800 for 17 points. Keeping the other half.

Insider

[OEXCHAOS]

Yup, nice, ballsy trade. Mark