If you're short, I'm the sucker going long....: Nice to have stops set...

Friday, February 22, 2008

Nice to have stops set...

I'm 40% cash....

2 comments:

Tony said...: Thank God for stops. I had trailing stops on all my shorts because I had to be away from the computer from noon on.

I got stopped out on all of them: short JCG, long FXP, short LTR; also got stopped out of long MCD.

Still have long SLV and GLD.; February 22, 2008 at 4:20 PM
Eric said...: I think we will be back down there again...in fact I just purchased some ultra-short financials Like $2K of it in the aftermarket... just for the thrill... and that shit is trading 108 right now.... I got out from 116-113.50... especially since I purchased some at 113.07

I'm hoping you made some money... you probably earned it.

Stuff like that is a pain in the ass to bet on...

soon as I calm down, I'll blog how that played itself out on my end.

that may take till Sunday...

we will see a denial wave of optimism..... But it's rough to calculate... that is also how v bottoms can happen... we could have a legit solution on our hands. that will tide us over for a quarter.....

They missed that some MBIA instrument got a downgrade.

and that that analyst says that the financials have 30% to fall still.; February 22, 2008 at 4:40 PM

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