Another bear trade...haircut is imminent.

Search

Triple digit silver kook
Joined
Mar 1, 2005
Messages
13,697
Tokens
Short QQQQ 45.24

Will be in this until otherwise noted in this thread.

Looking like humpty dumpty may take a fall this spring.

Too many negative implications going to occur from all this subprime mortgage mess.

:drink:
 

Triple digit silver kook
Joined
Mar 1, 2005
Messages
13,697
Tokens
Walked with tiny 12cent per share profit and covered @ 45.12

Will be short again later this week as I see a break coming.

:drink:
 

Triple digit silver kook
Joined
Mar 1, 2005
Messages
13,697
Tokens
i got out too early today but will be reentering short trade later this week.

so tough being on short side with market having been so strong past several months.

better to book a profit (albeit small) than take any losses.
 

New member
Joined
Feb 21, 2006
Messages
1,164
Tokens
dawoof, why would you short the comp if you think the subprime mess will drag down the economy?

wouldnt you sell the dow or get more selective to the banking sector.

just curious, looking for a good trade myself
 

Give BB 2.5k he makes it 20k within 3 months 99out
Joined
Dec 20, 2001
Messages
4,577
Tokens
D:


Why not look into buying puts? The spreads are very tight, and you can really leverage your money big time.


Darwin:


If the Dow and S&P tank, the qqqq will also. They all move hand in hand for the most part. The QQQQ's are very liquid and the spreads are tighter than the other indexes.
 

Triple digit silver kook
Joined
Mar 1, 2005
Messages
13,697
Tokens
Hitman, options isnt something Ive used nor honestly am I knowledgable enough about. I swing a big enough bat that when Im correct I make enough money to make it worth my time.

Even the 12 cents I plucked from the trees today was well worth my time as it was a few k profit for a very short period of risk.

I trade futures sometimes, but mostly commodites futures. When I trade qqqq I just do it via a margin equity account....both long and short side as well as individual stocks.

Darwin, the dow is only 30 stocks and easily held up if only a few companies perform well. Besides, technology is more overbought than many dow stocks, so once market begins tumbling, nasdaq will fall faster and further than dow.

I could short s/p, but I get much better and faster fills trading qqqq than dia or spy.

Im now in bear camp with hitman and will be short again later this week and will post here.
 

SSI

New member
Joined
Sep 21, 2004
Messages
14,040
Tokens
may join you fellas soon........

thinking of shorting the emini sp,,,,,,,,, in a little while........
 

Triple digit silver kook
Joined
Mar 1, 2005
Messages
13,697
Tokens
Darwin, I kinda dropped the ball not being short certain subprime lending shares, since I was aware of this problem and figured it would collapse sooner than later.

If major banking stocks start falling like jpm, c, fnm, fre, and others, trust me the entire market will fall apart and short sellers of just about every sector will be making $.

Very tough to get the large bank stocks falling as wall st is in bed with federal government and they know once a panic/fear starts its difficult to end.

Theyve been manipulating these markets for a long time and they arent going to stop anytime soon. However, the more and longer they manipulate markets the longer and more severe the damage will be.

A person not watching these markets daily would think by only listening to these dopes that oil was $15 bucks and other commodities had only increased 5-10% past several years.

The economy is now a one legged stool since housing has been main source of job creation the past several years and many people playing the refinancing mortgage games via bloated real estate prices.

In an inflationary environment like we have today, its tough to get stocks to fall nominally, but real returns are nothing close to what the naked eye is seeing. When markets start falling, the govt simply turns on printing presses and hands these large banks money to keep stocks artificially lifted. Its not a game that can last indefinitely, but one has to be very nimble trying to be a short seller.

Its much easier being long markets than short, but sometimes the best trades are made on short side.
 

SSI

New member
Joined
Sep 21, 2004
Messages
14,040
Tokens
Woof,,,,,,, sp currently around 1453.......... thinking of shorting here and placing stops over todays high (1459.75)......... would only be a $350 risk...

do you think todays high (1459.75) will hold all week?
 

Triple digit silver kook
Joined
Mar 1, 2005
Messages
13,697
Tokens
ssi, I cant make a honest call what highs will or will not hold this week, but if market looks wobbly later this week I will be again short. It looked like it was going to fall today so I went short. I did fall but as early afternoon began it didnt look like a big fall so I covered. It did fall more after, but late in day just went sideways.

Too many of the market leaders have started breaking down. However, trust me the federal reserve knows this also and they will print the money needed in their best efforts to prevent the market from collapsing.

They can print all the money they want and thats why Ive owned precious metals for more than 5 years, since their games are exposed via pm and various other commodities rising.

Hitman, your thoughts about this would be appreciated.

http://forum.therx.com/showthread.php?t=462392&page=2

LOL
 

Give BB 2.5k he makes it 20k within 3 months 99out
Joined
Dec 20, 2001
Messages
4,577
Tokens
No comment. He may be telling the truth on that one.
 

Triple digit silver kook
Joined
Mar 1, 2005
Messages
13,697
Tokens
sure wish we could get some volatility like the chinese market.

down 9% tuesday there.

ill find a spot to jump into this again on short side but its not this morning for they will be intervening to prevent a collapse.

for now small long goog trade at 456
 

New member
Joined
Feb 21, 2006
Messages
1,164
Tokens
Thx dawoof

I see your logic.....

I am a bear, but I do not like to open short positions until I see a breakdown in charts and confirmation , I think we got that today

sit back and feel free to open up short postions after the fade
 

Triple digit silver kook
Joined
Mar 1, 2005
Messages
13,697
Tokens
made 3 bucks already long goog and still holding.

agree the chinese market getting kicked in teeth confirms the bear as far as im concerned.

but i also know the so called free market capitalists here manipulate this market more than anyplace on the planet.
 

Their undisputed masterpiece is "Hip to be Square.
Joined
Dec 29, 2005
Messages
6,187
Tokens
made 3 bucks already long goog and still holding.

agree the chinese market getting kicked in teeth confirms the bear as far as im concerned.

but i also know the so called free market capitalists here manipulate this market more than anyplace on the planet.

Do you believe the market(s) will be manipulated back up and then down much more substantially?
 

Triple digit silver kook
Joined
Mar 1, 2005
Messages
13,697
Tokens
wall st is in bed with fed reserve so whatever funds they need to prevent a 1987 type single day crash they will receive.

for many years now we have lacked real volatility in this market.

saw a chance to scalp a trade on long side so thats what ive done.

market will correct this spring, but thats long overdue.

getting some decent volatility in gold today...was down over 7 bucks this am and now its higher, so some people must have real panic for that to occur. banks and wall st cant stand a rising gold price.

gold was up over 20bucks last wed and that type of rise has only occurred a few times in past 20+ years.

have dr appt this afternoon so booked goog profit at 457.20
 

SSI

New member
Joined
Sep 21, 2004
Messages
14,040
Tokens
woof, made 2 good moves last couple of days......

was long beans and got out yesterday, saved from the drop....... and actually made a little....

got in and out of a corn/wheat spread this morning and made $800....

sitting out now.....

i commented to you guys yesterday about shorting the emini..... it was around 1452............ i never did anything,,,,,,,,, its sitting at 1423 now.....

could have had that $1500 but didnt pull trigger.......

Woof, do you now not believe that we will shift to a mode of (Sell every rally).........
 

New member
Joined
Feb 21, 2006
Messages
1,164
Tokens
ssi, we will sell all the bounces, great way to make money. I love bear markets. today is confirmation that its time to sell into the rallies... been waiting for 5 years
 

Forum statistics

Threads
1,117,975
Messages
13,549,909
Members
100,551
Latest member
taixiumd5wiki1
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com