china in blowoff top

Discussion in 'Trading' started by hedgeking, Oct 17, 2007.

  1. This could gap up 100 tomorrow
    #31     Oct 17, 2007
  2. i meant up 200 err 300. Just buy at the market.
    #32     Oct 17, 2007
  3. S2007S


    There is a short term top coming in FXI and PTR, might see another 25-50 points on PTR and another 15-25 on FXI but when its time for that quick sell off both will give up 25% in a few days.

    Im in around 258 and will add more IF it gets above 300 on PTR, not worried, I have seen these type of stocks correct 30% in a few days. I would get bullish on these after a really nice correction.
    #33     Oct 17, 2007
  4. Bowgett


    I shorted FXI too today. Just a little bit :) will see what happens
    #34     Oct 17, 2007
  5. Buying far out deep OTM puts on these explosive upward moves is a lot less risky than outright shorting into them and adding to positions that might go against you (a lot). Just my 2 cents, good trading everyone.
    #35     Oct 17, 2007
  6. True Makloda, im only short 500 shares though.
    #36     Oct 17, 2007
  7. a sweet day for me today. up over 30k in premarket. took a risk and it worked. now 2 days ago if i did i would have been down
    #37     Oct 18, 2007
  8. Congrats hedgeking, nice gain there!
    #38     Oct 18, 2007
  9. China has far from topped

    Any gains you make from going short take them ASAP.
    #39     Oct 18, 2007