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IBDvalueinvestin (99.68)

Last hour of Trading, will shorts tip their hand?

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March 20, 2009 – Comments (6)

Will they cover ahead of close or gamble on bad housing numbers to continue on Monday.

If they start covering then I will assume they know something ahead of the numbers on Monday. On the otherhand if they start shorting more then the numbers could be bad.

6 Comments – Post Your Own

#1) On March 20, 2009 at 3:03 PM, IBDvalueinvestin (99.68) wrote:

Quadruple witching day ends in 1 hour.

Big move either way is possible now from 3:00pm to 4:00pm

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#2) On March 20, 2009 at 3:22 PM, DemonDoug (82.62) wrote:

I would not be shocked if Stocks go balistics on FridayScore: -1,045.85 (-182.44) Accuracy: 51.97% Average Pick Score: -1.71


/\-------

Listen to the guy who is short-term this way or that, or listen to the guy with 12k caps points, an 87% accuracy, and someone who, had you listened to 2 years ago, would have made you money and you'd have beaten the market by 50% or more. 

Darkness

I will not become even short-term bullish until many of my brethren who see the bearish reality see the markets as fundamentally bullish, as opposed to "Candy Mountain" bullish where your sweet little unicorns will lead you into a trap that will cut your kidneys out.

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#3) On March 20, 2009 at 3:25 PM, IBDvalueinvestin (99.68) wrote:

You still got 45 minutes left there Doug and the market is rebounding strongly off its lows, already up 55+ points off lows.

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#4) On March 20, 2009 at 3:28 PM, IBDvalueinvestin (99.68) wrote:

Shorts seem to know something ahead of Mondays housing numbers or else the market would be down -200 right now instead its recovering now -87

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#5) On March 20, 2009 at 3:39 PM, IBDvalueinvestin (99.68) wrote:

Doug your a smart guy, so why the heck would u not take advantage of a 2 week rally to double your money? Remember the most you can make being short is 100%

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#6) On March 20, 2009 at 3:57 PM, IBDvalueinvestin (99.68) wrote:

Minutes away from the start of tax refund season.

4th week in March is hostorically known as the start of Tax refund season which ends in May.

Hence you get the term sell in May and go away. 

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