As I was typing this, I turned my attention away from the market and the mid/small caps tanked. The VIX spiked. I went ahead in afterhours and added to my short of AAPL in anticipation of the New Year. If the VIX spiked towards the end and the midcaps/xlk/qqqqs/etc turned the corner, AAPL will soon turn the corner too. We in for a slide on Monday. AAPL isnt my only short on this market. I dont have the time to talk about other things in my book. I mentioned SRS in another thread HAPPY NEW YEAR! Have a good long weekend!
RDT, you responded to my post with an arcane post of your own but failed to answer my original question -- how are you even on the position when you were stopped out once for a few point loss, then reshorted again with AAPL now a couple points higher than your price?
Simple answer. I set my stops too low originally. I went back in on the short at the pricing I could get at the time. My expectation is a slide on Monday for all the reasons I outlined here. When it breaks 209, then I will add some more.
Neocalculus. His stocks trade in nonlinear paths! He sells at 206 and covers at 212 and books a tidy profit. Incredible, right?! That, or he's too feeble to recall all of his BS.
You know what is bullshit? You are sitting there at a computer before New Years typing to people who wont read these messages until they get back to work on Monday. Everyone else is getting ready for a party while you are at home. Dont you think thats bullshit? I would be incredibly mad if I were in your position. I would think thats bullshit. Well, I have to get going to a party myself. You have a Happy New Year. May I strongly suggest that you do not spend it on Elitetrader.com? Call up your family and friends. Spend it with them. Good luck to you tonight and be safe.
rtd ,sold 602, sold 611.sold 622, just some guy with a position,u must be this guy http://adage.com/article?article_id=137963
Inconvenient facts like these don't get in the way of people like rtd. Like stockturdler before him, he'll just ignore them and keep on plugging away. A quick search of this young person's other posts will tell you most of what you need to know. Interestingly, it turns out he's actually a carpenter by trade. Most of the trades guys I know are firmly rooted in the real, but there are always exceptions, I guess.
Listen you (experienced) trader, had you listened to some of us then you would have shorted PALM or other weak names then you would have made a multiple of what you could have ever made with google or apple shorts. Thats something you REALLY dont seem to understand. You just lost money, relatively speaking, you underperformed a lot of other names. So I am again asking you, WHAT IS YOUR POINT to try to ride some of the strongest names on the short side???
http://www.elitetrader.com/vb/showthread.php?s=&postid=2687637#post2687637 Uh...... you were postong to your Obama thread 90 minutes after I signed off. I hope you had a nice time with your outcall asian hookers.