SDS is once again testing its recent range low, as such, I am reccomending it as a BUY with a sell order waiting for it at 108.49
I will also restate that it is my belief that the market is rangebound for the moment, as such, I am also reccomending taking some of the gains from your long positions and waiting for a better price to occur.
Remember, dont trade with what you cant afford to lose.
I picked up some shares of Ticketmaster (TKTM) after the rather sizable fall from the day’s highs, it showed some strength at 12.22 after it fell and recovered.
As far as i can see, some shorters entered this morning, possibly on a TIMALERT (by Timothy Sykes), so I figure the daytrading crowd may be a nice way for me to earn money.
I wont be holding this long term as I believe livenation will be the top soon.
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205,
aka,
bailout,
bill,
election,
for,
list,
next,
of,
people,
the,
voted,
who,
will,
win
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In addition to this, Weller didnt vote, and im keeping him in there because unless he is sick (Someone tell me) hes just weak for not voting.
Update 1. This post has been nicknamed the “To kill list” By dealbreaker (thanks for the link)
228,
against,
aka,
bailout,
bill,
election,
list,
lose,
next,
of,
people,
the,
voted,
who,
will
Ok, thats it, one of these Jews (said with love) wins shorting…….
(My picture of timothy sykes is down atm (http://retardtrader.com/uploads/2008/02/tim-sykes-cult.jpg)
I lost a tremendous amount of my portfolio to what amounts to a 15 minute meeting + a london stop shorting announcement + my lack of a stock loss.
To be honest Ive never been a good shorter, who knows, maybe im just a hopless optimist, but from now on, I’m not shorting unless its a pair trade. I’m going to leave it up to Timothy Sykes and Doug Kass.
As for my personal account, im gonna come back, this time wiser, hey, at least I only lost 3000$ I could have been managing money, IMHO im glad I learned this lesson while I am at my current Level, I feel ill be a better trader for it.
a,
bunch,
by,
I,
just,
lost,
money,
of,
Shorting,
switching,
To
In recent days, my trade has been:
If Golds results is not 10x oils results, you may want to play the equlization (on a percentage basis for the year). This is based on my opinion that it is more along the lines of a currency devaluation based selloff, with alittle bit of margin calls added in there for good measure. I personally think that eventually, this will all lead to an actualization of 10 x Oil’s price = Golds price As such, i think an appropriate valuation of oil would be 82.14 in this economy as of writing this. As such, I am long the airlines till 2:30, when the market does this whole, im scared about Russia killing Georgia thing.
10,
and,
Gold,
it,
Long,
of,
Oil,
short,
the,
trade,
x
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