âI really don't wanna chase a run up. I'm already psychologically destabilized on that trade. If it goes counter, I'll second guess myself. There will be other trades. I think we are close to the end of the business cycle. I want to go long volatility and short directionally. Did some shorts on biotech calls. I may have some tough months ahead as the bull market continues , but it's worked out well for me like this before. From a global portfolio perscpective, I'm long just like anybody else.â Xandman We both have seen plenty of ARIAs,AMRN, SQNM, RNA, SYGT, DNDN, ZLCS and others lose 80% of their Market Value. It's hard to get readjusted going through a period where you are questioning the methods that have worked for you on a consistent basis. Please just be safe, don't be like my buddy William and Rob(Rob shorted Imclone to the Sun) who were trading when they ought to have taken a "Time Out" and went fishing or chasing hot models! Are you shorting the garbage of the biotech? I have a friend who is a professional biotech analyst who missed the big boat on VRX, VPHM, ELN, PBYI, PCYC (he had over a million shares of that stock at $1+) BIIB, GILD. Which style of biotech are you taking a contra position? The RNAi stocks last month were getting slaughtered after all the great ones SYGT, RNA, and others got crushed. Which sub or micro-sector do you follow in biotech, I love biotech when their trading a cash-value. I agree with chasing stocks running up, the hit in the stomach Microsoft took on Thursday had me add to my position. I know this Market is fueled with Institutional Money; the majority of cash-inflows from Main Street has really been limited, so itâs a battle of Smart Money and us trying to match wits with the Big Swinging Ds. If Main Street is always late to the party and this is Hedge Funds, Sovereign Wealth and Pension funds with our buddies with their Black Box HFTS making stocks move upward, in theory does that mean we have more room upside or did Main Street lose all their money in 2000-2002, 2007-2009 and we cant factor them into our money making equation? Few people are talking about this Bull Market, people who once were Quote-Hounds could tell me what the SPY and QQQQs were trading at seem to have no interest in the short-term direction of the Market. I had to tell my sister the Market hit 16000, she was a quote-hound, she was a believer Mutual Funds were going to deliver annual returns of 25-40% back in 1995-2000 until the Bandwagon crashed and left all their retirement money crushed (TJ Galileo Aggressive Growth Fund clobbered them big time when it blew up). We got lots of things to ponder but donât you think the Nephlims controlling Wall Street are going to push us out to 16,600 or above before the year end? In early January I remember posting on various forums and telling my close friends they should pile everything in their Aggressive Growth Funds because I thought we would hit 16,000+ because everyone around seemed to hate Wall Street and Stocks, that was all the premise I needed. Take care and be safe Xandman! We can find plenty of safe ways to make more money than chasing things that might be extended or over-priced assets. Stay safe my friend!