Who's stupid enough to be shorting these levels?

Discussion in 'Trading' started by athlonmank8, Feb 23, 2009.

State your business

  1. Short, we're toast

    118 vote(s)
    61.8%
  2. Long, USA isn't going anywhere

    35 vote(s)
    18.3%
  3. Short NOW converted to long

    29 vote(s)
    15.2%
  4. Long NOW converted to short

    9 vote(s)
    4.7%
  1. Careful with these double short ETFs. Swing trade them over the very short term, don't hold them over the long term, they can end up costing you money even though your trade idea was dead on.

    You can short IYR (outright short common or synthetic short with ITM long put/short call) to get "real" linear short exposure.
     
    #21     Feb 23, 2009
  2. um, we just broke 750... who's stupid enough to go long?


    really? i cant understand you people??

    if your time frame is 5-10 years... buy it up, but we just broke 750 and you're really trying to catch the rally?

    what part of the game is that? where's captain obvious when you need him?
     
    #22     Feb 23, 2009
  3. tradersboredom

    tradersboredom Guest

    there has to no buyers and zero resistance for short rally or bear market rally. too many bulls with no cash

     
    #23     Feb 23, 2009
  4. tradersboredom

    tradersboredom Guest

    i shouldn't post anymore about bear market rally coming. i don't want any early bulls to buy and get stopped out on margin calls.

    trade at your own risk this market only gives what it takes and there no money on the table in some stocks or even futures.

    last post. don't read message boards or forums either.





     
    #24     Feb 23, 2009
  5. 4XQs

    4XQs

    In the words of Jesse Livermore: Prices are never too high to buy or too low to sell...
     
    #25     Feb 23, 2009
  6. A bear market is a market that is 20% below the highest point. This market more than qualifies.
     
    #26     Feb 23, 2009
  7. According to my data (it only goes back to Jan 1900, so its not complete) "new all time lows" on the dow would be at 40.5. (Thats the correct number, not adjusted for dividends), Surely you would be willing to declare a bear market at some point before that. Maybe at 100???

    5yr
     
    #27     Feb 23, 2009
  8. I agree with the OP that market is oversold, but that doesn't prevent it from becoming more oversold.

    There is definitely a lot of fear out there, however bonds yields have been increasing while the S&P has been tanking. Also S&P earnings yields are at way record highs even at 48 and 750

    My bet is that the smart money is starting to buy in so I am now long.

    I particularly like the yahoo headline "No end in sight".

    My plan is to gradually accumulate down to 600 and just let it sit there for 1-2 years, and just keep trading FX.

    Good luck all long and short.
     
    #28     Feb 23, 2009
  9. sumosam

    sumosam

    I thought we would rally today, since we had such a huge drop already (don't see us going straight down). I bought to-day. I say we have further to go on the way down, just expect a short term pullback.
     
    #29     Feb 23, 2009
  10. 10 yr T Bond Yields 2,7770 %. Real Estate no alternative. Money market no alternative.

    If you think that stocks P/E ratios are not attractive then go short. If you think we have reached some fair value - buy it.

    There is one thing for sure :

    lots of volatility. People on this forum like volatility - I assume. :)
     
    #30     Feb 23, 2009