I am now shorting a bunch of SPYders. Could be for the day or could be for 5-6 points. I will hit them all day. It is a lazy short, more as a hedge for my longs. Eyeing the Russell (IWM) closely as well.
This time it does not feel like a momentum short. Lot’s of complacency beacuse Search, Gold, Solar and Appe seem impermeable. They are’nt if we get messy.
Let me know your favorite short idea. If I use it, I will send you some SHKL’s :) . I think mine is still homebuilders. They go lower still.
Disclosure – surfing JDate for lonely Jewish traders
I had a nice trade in puts on the REIT’s EQR and KIM yesterday. They could still go lower, but it’s probably not a day trade.
I’m such an optimist I’ve been nibbling at SPY’s and the Q’s on dips . I’m incurable :D
Also puts on SLW, might back down to fill that recent meteoric rise. Somebody on Fly’s site mentioned the other day SLW had gone parabolic.
fslr
slw – thats my biggest metal stock. you are banned :)
andy just oinged me with pze
reits could be interesting still
HAHAHA I knew you’d love that SLW pick.
Somebody always has to be on the other side of the trade though … your shorting SPY’s while I’m buying. It all makes the world go round.
porn is the only safe play here.
welcome back buddy.
best short is hrb. they still have option one exposure and the irs is changing the rules on refunds. you can pair it against jtx if you want to hedge a little bit.
HKBE…. Huckabee
SNDK — CHART SUCKS AT NEW LOW. NAND OVERSUPPLIED. IF THEY DO NOT GET BAILED OUT BY AAPL WITH NEW PRODUCTS AT MACWORLD (MAYBE A NAND SUPPLIED MINIMAC), SNDK COULD MAKE COMPLETE ROUNDTRIP TO LOW 20’S. BEST TO SHORT INTO STRENGTH. A TIGHT BUY STOP IS REQUIRED.
you’ll think i’m crazy but i reckon exxon (XOM) could easily drop 40% or so from here. refining margins aren’t actually that high, and a slowing economy will both limit the ability to raise gas prices and also ultimately bring down the price of oil. combine that with all the hype in the energy sector, it looks like everyone is long and strong here, a turnaround could bring a sharp unwind.
some good ones here. financial ideas my fave and semiconductors