Friday, October 19, 2007

Throwing More Short ETFs Overboard

TweetThis
Ok this looks like lemming behavior now; I sold some more short ETFs in the last 5 minutes here as we close an awful week out. And continued to add to the infrastructure names in the 3rd round of buying those names today.

Markets were down 1.5% combined Mon/Tue, flat next 2 days and looks like we are going to end with another 2.5% today, so about 4% down week. Should make for good fodder for media - 20th anniversary of 87 and all.

How quickly we go from euphoria to panic. Humans... amazing creatures. I will update my weekly performance here in about 30 minutes as Marketocracy.com's data is delayed by 20 minutes so I am curious myself to see how bad the carnage was today.

Honestly I am really happy to get the prices I got today in names I was buying, although I know full well they can go lower. When I compare the prices I was "happy" to buy today versus the August lows though - that's a bit scary. ;) But this is why you need to build a good result when you have the wind to your back; to offset times like this, when only a knife is in your back!

Disclaimer: The opinions listed on this blog are for educational purpose only. You should do your own research before making any decisions.
This blog, its affiliates, partners or authors are not responsible or liable for any misstatements and/or losses you might sustain from the content provided.


Site by codeeo
Original WP Premium theme by WP Remix