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IBDvalueinvestin (99.64)

No ThanksGiving for Novice Shorts this year.

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November 23, 2009 – Comments (4)

This is the week that always crushes Novice Shorts during bull runs.

Why? Because Novice shorts get sucked in the week prior to Thanksgiving during options expiration week, when stocks on average tend to selloff.

Novice shorts grow more confident during that week as they see their portfolio's rise by shorting and when that happens they get greedy and tend to double down. So whats gonna happen this week?

Novice shorts gains of last week will quickly turn to losses this week.

Market Trends are extremely Important:

If you don't know the general trends of the market at certain times of the year then beware the market does not take any prisoners it shoots to kill.

 

 

4 Comments – Post Your Own

#1) On November 23, 2009 at 9:21 AM, dudemonkey (40.73) wrote:

If you don't know the general trends of the market at certain times of the year then beware the market does not take any prisoners it shoots to kill.

Or you could use an intelligent investing strategy and not have to spend more than 3 minutes a year thinking out market trends.  If there's one thing this market has taught me, it's that even the good market timers have no idea what it's really going to go.

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#2) On November 23, 2009 at 10:15 AM, ChrisGraley (30.25) wrote:

I tried the "sell in May and go away" thing once.

I went to France.

Does anybody know when I can come back?

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#3) On November 23, 2009 at 10:22 AM, Evlampius (24.04) wrote:

Could you also elaborate what happens in the next couple of weeks after thanksgiving?  thanks. Ev.

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#4) On November 23, 2009 at 11:48 AM, chk999 (99.98) wrote:

Nice call.

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