Discussion in 'Trading' started by hedgeking, Oct 17, 2007.
This could gap up 100 tomorrow
i meant up 200 err 300. Just buy at the market.
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.
I shorted FXI too today. Just a little bit will see what happens
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.
True Makloda, im only short 500 shares though.
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
Congrats hedgeking, nice gain there!
China has far from topped
Any gains you make from going short take them ASAP.
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