If some shorts thought shorting @ today open is a no-brainer for a quick buck, they are too naive.
I'm still waiting for DOW 6700 ...
7188 is the right time to go short by buying SRS @ 77. Target is $100.
I'm buying the zoombie Citibank as a survinior.
I think I passed mine. I'm ready for DOW 6700...
COF $15 almost gave me a heart attack. I'm ready to ride it to $7.5 this time...
Housing bubble saved US economy from .com bubbles. Now let us do the reverse.
We need to dig .com out from their graves and gave them some bailout money. US government owned them for 8 years.
Market swings crazily. Bank hope vs existing home sales.
Looks like we should have FED meetings everyday to keep the market up.
I'll buy more SRS when DOW 7250 ... SRS is going to be $100 very soon,
AIG is 80% nationalized. Big loss to come with CRE.
VNO post loss. Mall REITs has more rooms to come down. (SPG, FRT, KIM, ...).
Selling into rally continues to work for sometimes until major capitulation comes.
I will monitor the following 10 stocks for the sign of reversal before covering shorts and start going long:
GE, BAC, GS, GOOG, IBM, XOM, CHV, X, POT, MSFT.
FAZ @ 72 and SRS @ 75. Shorts are panicking?
Both are good buy @ this level...
Don't fight the trend.
USA has lost their friends during Wars on Iraq.
Now USD will soon lose its ground bailout after bailout.
Who can stand above $10 longer? UBS or USB?
WFC, GE and COF are also joining the race...
Once $10 broke, $5 is just one week away. Check out BAC and C.
They are all good candidates to short ...
BREAKING NEWS: Deal Reached on Economic Stimulus Bill: Senate Majority Leader Reid (story developing)
Typical short covering and buying blindly ...
Tech and energy stocks are relatively weak. That is not a good sign for bulls after 380pt drop.
It means no bad bank.
I liked it. This is what I would like to see.
Now, let us which banks are swimming naked...
Short energy : buy ERY and short ERX
Short REITs : buy SRS
Avoid shorting bank now. Wait for a week at least ...
Short tech stocks that have rallied too much
Short junkie CNBC's parent company GE @ 11.38
Tech stocks are overbought and REITs begin to fall.
I'm buying SRS @ 61.5 and write feb $75 covered call for $3.2
Commerical REs continue to be the potential time bombs for the credit market [more]