Friday, April 26, 2013

Holding shorts.

The afternoon strength was a little frustrating but I guess not very surprising.  Seems whenever I'm short and the market appears to be heading south during the morning hours, it pauses and then reverses during the 2nd half of the day.  Oh well.  I'll continue to hold my 75% TZA position into next week and we'll see what Monday brings. All systems remain short.  Enjoy the weekend all.
J
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15 comments:

  1. AlexApril 26, 2013 at 5:30 PM

    Good weekend J don,t worry SPY coming down next week

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  2. xtrendsApril 26, 2013 at 8:23 PM

    have a great weekend, thanks

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  3. john9o9April 29, 2013 at 8:12 AM

    Ouch!!

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  4. AlgyrosApril 29, 2013 at 11:24 AM

    RMI, Whom do you believe, your eyes or Alex?

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    Replies
    1. RealMoneyIssuesApril 29, 2013 at 11:37 AM

      My eyes lie to me every day when I look into the mirror, so I believe Alex...

      Delete
  5. AlgyrosApril 29, 2013 at 11:43 AM

    Me too. And I'm thrilled about all the money I'm making today. Way to go, Alex

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  6. pbApril 29, 2013 at 11:45 AM

    Piss off Algyros!!

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  7. AlgyrosApril 29, 2013 at 11:58 AM

    There's nothing more admirable than a person with a healthy sense of humor.

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  8. AlexApril 29, 2013 at 12:20 PM

    we don,t make money every day on stock market so we should be patient J also has my respect our systems very similar we should wait and see what will happen i am still short and holding my position

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  9. verdoApril 29, 2013 at 12:33 PM

    do not know who is buying this market. everyone including my grandmother are short this market. when this thing turns, it will be fast

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  10. john9o9April 29, 2013 at 2:56 PM

    That's the problem verdo. The shorts who are covering is who is buying, always happens that way, they keep trying to pick tops and end up covering and pushing the market ever higher!

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    Replies
    1. RealMoneyIssuesApril 29, 2013 at 3:10 PM

      Which is why they should stick to their guns and quit covering... dang HFT...

      It only takes someone to know the trigger, buy until the trigger is hit and then they can sell once the shorts cover. :-(

      Delete
  11. AlgyrosApril 29, 2013 at 5:08 PM

    I'm not saying that J's latest call isn't going to end up being a good one, because I have no idea. But I do know that many times in the past I've seen the market move relentlessly up or down and had to hear lots of posters on various blogs explain why it can't keep happening, why it's all rigged, or why their indicators prove irrefutably that a turn is imminent. Only trouble was that the market kept its going.

    Again, I trust J and I'm short with him. I'm just saying that I've seen this happen before.

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  12. AlgyrosApril 29, 2013 at 5:12 PM

    I meant, "kept going."

    ReplyDelete

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