tag:blogger.com,1999:blog-2335748440449035592.post1274139245755411393..comments2008-11-19T15:56:08.231-05:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2335748440449035592.post-29894707441980010512008-11-19T15:56:00.000-05:002008-11-19T15:56:00.000-05:00Mark, no worries you can make a huge comeback in days<BR/><BR/>I mean FAZ (the new 3X short, better than SKF) more than doubled since early last week. If you have 10-15% of portfolio in some 3X shorts and avert disster with the rest you can get into the green in a week. We go lower it was just a matter of time.<BR/><BR/>TSL reported....it was good stuff $1.15 EPS i think, amazing the stock is $6 and they make $1+ in one Q and reiterate guidance.<BR/><BR/>And they have sufficient cash and are making a ton of cash<BR/><BR/>I got all my money in cash and was looking to move into gold/FOREX but i cannot resist this action, especially with 3X ETF's, I'm getting back in soon!! I mean get on the right side of a huge mvoe with 3X leverage = HUGE gains.soccerbill8http://openid.aol.com/soccerbill8noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-6303301240909912092008-11-19T13:37:00.000-05:002008-11-19T13:37:00.000-05:00Actually I'm good with the market breaking down here since high cash and shorts offset longs with the rest, and a close below 830 will have me putting me even more into short side. At least that would "make sense" - technically we SHOULD be breaking down. The nonsense rallies we keep getting are the thing not making sense.<BR/><BR/>What hurt in late Sept/early Oct was neither technicals nor fundamentals matter. If we can at least get technicals to matter I'm ok with that. But for that to happen the market needs to go down - otherwise once again - nothing is working right.<BR/><BR/>TSL oh well, I sold on election day for the only 2 days its been up in months at mid $14s. Still hold 0.1% stake here but I'll add at $0.20 ;)<BR/><BR/>You know who is still up on that position. ;)TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-59749902215945369602008-11-19T12:12:00.000-05:002008-11-19T12:12:00.000-05:00Mark it was definitely fake as is today's PPT effort.<BR/><BR/>Technicians abound (me too) see the huge descending triangle of death forming with baseline of 8170....a close below that on the DOW means PAIN.<BR/><BR/>Triple, quadruple bottoms don't hold, not when they're within 2 months usually.<BR/><BR/>PS: TSL is at $6soccerbill8http://openid.aol.com/soccerbill8noreply@blogger.com