The technical setups in these charts have thus far kept me from losing much on the short side - highlighting an advantage of shorting weak stocks rather than indexes that are currently on meth. The Russell 2000 is on track for a 15% gain in a month (double the S&P 500 return in that time)... that's usually a good year's worth of returns.
With that said, I can see Magical Markup Monday across the bow, and I am almost guaranteed to be stopped out first thing Monday morning. Will they have no shame and mark us up yet again in premarket after a huge week?
I'll keep the flag posted for the few bears who still have a few tufts of hair remaining that have yet to be scalded off their body by the powers that be. Monday morning, I shall take those stop losses with dignity....
On a serious note - the market has to go down at some point. Right? (someone call Larry Summers and ask)
Short all 3 names above for some crazy reason in fund; no personal position
Friday, March 5, 2010
Shockingly, I Have Not Been Stopped Out of Any of the Shorts I Put on this Week
Best Of FMMF
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows