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SharePlanner (< 20)

My Current Portfolio (All Shorts)



May 12, 2010 – Comments (8) | RELATED TICKERS: SPY , QQQ , PG

Today's outcome was a bit unexpected for me, quite honestly. I thought we would get some kind of afternoon sell-off, or at least fill the morning gap, but the market would have none of that. Instead, it just kept pushing forward, on volume that was absolutely horrid, which leads me to further doubt the legitimacy of this bounce.

However, another day like today, and there is a good chance that I may start seeing a few of my positions getting stopped out. As for now though, I still remain in good shape, and look to this market resuming its selling here any day now.

I only made one transaction today, and that was shorting the QQQQ at the market close. Cisco (CSCO) reported earnings after the bell today and the reaction was to sell the shares after hours. Let's hope that sentiment carries into tomorrow.

Here is my current portfolio in all of its glory!



SHORT: National Instruments (NATI)

SHORT: Proctor & Gamble (PG)

SHORT: Baldor Electric (BEZ)

SHORT: Stryker Corp (SYK)

SHORT: PowerShares QQQ (QQQQ)


8 Comments – Post Your Own

#1) On May 12, 2010 at 9:28 PM, constructive (99.96) wrote:

I think your portfolio is silly.  Especially shorting E and PG.  Fundamentally they are fairly solid at this price and technically they seem decent.  There are literally thousands of stocks I would rather short.

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#2) On May 12, 2010 at 9:44 PM, SharePlanner (< 20) wrote:

MegaShort -


Thanks for the feedback - respect your opinions and you may be right, as for my style of trading, they represented a good risk/reward setup that I felt gave me an edge in the trade - so I took it. 

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#3) On May 12, 2010 at 9:44 PM, vriguy (61.73) wrote:

That is a dangerous game you are playing.  Risk reward ratio about the same as russian roulette.  

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#4) On May 12, 2010 at 9:53 PM, YodaBuffett (< 20) wrote:

How do you justify shorting PG as a risk/reward play?


Best case scenario you're sitting stagnant... unless the market flukes again...? 

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#5) On May 12, 2010 at 11:00 PM, ChrisGraley (28.47) wrote:

I'm not so sure that shorting PG is a bad idea. Everyone saw the supposed "fat finger" result with PG. That means that at least a few trading programs are ready to dump it if the right signals are met.

It doesn't make fiscal sense, but not much has made fiscal sense in the last decade. The inmates have been running the asylum for way too long. 

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#6) On May 12, 2010 at 11:57 PM, sholessjoe1919 (97.19) wrote:

So is this a self-loathing thing where your just trying to lose money as fast as possible.

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#7) On May 13, 2010 at 12:47 AM, APJ4RealHoldings (37.33) wrote:

becareful with shorts.

im a  heavy shorter (you can see from my past trades), but i am net neutral at the moment.  all my longs cancel out all my shorts. 


remember, the markets can remain irrational longer than you cna remain solvent - and inherently shorts require margin


again, careful.

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#8) On May 13, 2010 at 12:00 PM, YodaBuffett (< 20) wrote:

@ chris.

I would just set a low limit order then.  There's no guarantee you'd be able to cover in the time it blips down. 

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