I held SRS from 80 to 20 which was a hard lesson... I'd think about shorting again when it seems as dumb of an idea as buying the DOW at 6600 this spring.
i think march 9 lows will be tested after shorts have covered. that is the way the markets work. it won't give money away only takes money away either from investors/traders/ or taxpayers. taxpayerrs are spending billions in this 'stimulus' package and spent it all in the wrong places all this fear mongering if gov't doesnt give them money, the financial meltdown. well the market crashed from bullshit fraud and specualtion and leverage and no regulation. i mean if the SEC and gov't regulators did their job there would be no market crash wall street is just prices on company valuations and prices of products that's it. The biggest and last sucker to come to wall street is the gov't using other people's money (taxpayers) The gov't will realize all the money spent did nothing to create wealth. or create jobs. just more in debt and money sitting in wall street crooks hands.
Well, with all the regulation and litigation going on, maybe S2007 can sue his broker since his positions *should be* profitable if every one else understood the economy as well as he does.
I went LONG inverse ETFS today: EDZ @ $10.50 SMN in my trading account $15.90 SMN in my IRA $15.10 Filled Buy 75 SMN Limit 15.0894 -- -- 15:24:01 07/23/09 Im not making this up by the way, these arent paper trades, as you can see 3 out of the 4 positions are down, Im also long RFN as well from last week @ Filled Buy 150 RFN Limit 9.3999 -- -- 11:42:43 07/15/09
By the way sentiment on wallstreet changes quick and huge rallies as we have had can turn to nasty 1-2 down days of 1-3%. Anyone going long after the 10% jump we had in about 7 days in my opinion is going to lose out in the short run.
there are rarely major sell offs in the summer with massive volume. I've seen deals and short term mini rallies like we see now but steep like of the cliff with major volume sell offs are very rare in the summer july and summer. it seem like everybody is on vacation. we'll see on october if this market can hold or it's just trader's market on leverage
You sound like a freakin' BROKEN RECORD. You've been making posts like this for the last 300 S&P points! Time to pack your bags dude and leave. You have absolutely ZERO credibility here, and everyone knows it.
Today??? C'mon you went long all the existing triple and quadruple short ETFs three months ago already. What ever happened to those? Still averaging down on FAZ? Wow, looks like it reverse split. You bought at $1000?
I call BS on this. Please post a screen-shot of your positions to confirm that you are being honest with people here on ET. Thank You.