Short ISRG @ 239.5 .Stop-loss @ 251.1
Holding(short): AUSSIE 200 contracts, FLR, PCP, ISRG
Wednesday, January 30, 2008
Friday, January 25, 2008
Market Wisdom...
Short Interest Reporting:
"Short interest in stocks at the peak in 1929 and in early 2000 was extremely small. Edward Meeker, the Economist for the New York Stock Exchange during the depression of the 1930s, studied short interest at the market peak in 1929 and found that stocks with negligible short interest fell much harder during the crash of 1929 than stocks that had a larger short interest. Large short interest does provide some cushion during declines, although it doesn't necessarily prevent declines per se"
When to buy back and cover your short sale:
"If you time the short sale wrongly, the stock may rally up 15 to 25 percent in price very rapidly, as professional buyers attempt to run in the shorts, even if the stock is ultimately going much lower" (so set your stops!)...
"If the market has been steadily declining, then a day will come when either bad news hits the stock market or several stocks will experience delayed openings on the downside. A few stocks may gap down in price"..."or the market may be off substantially for the day"..
"Readings in the Put/Call ratio over 1.0 often signal excessive fear in the market which is associated with short- and long-term bottoms, while a sharp spike in the VIX over 40 and as high as 60 to 70 is also associated with such market bottoms. This is an excellent time to cover your short positions".."while there is a weak or panicking market".
Source: "How to Make money selling stocks short" - William J. O'Neil, with Gil Morales
And great interview Josh! - find it here...
http://www.traderinterviews.com/programs/permalinks/TI_01-31-08_JoshuaHayes.htm
"Short interest in stocks at the peak in 1929 and in early 2000 was extremely small. Edward Meeker, the Economist for the New York Stock Exchange during the depression of the 1930s, studied short interest at the market peak in 1929 and found that stocks with negligible short interest fell much harder during the crash of 1929 than stocks that had a larger short interest. Large short interest does provide some cushion during declines, although it doesn't necessarily prevent declines per se"
When to buy back and cover your short sale:
"If you time the short sale wrongly, the stock may rally up 15 to 25 percent in price very rapidly, as professional buyers attempt to run in the shorts, even if the stock is ultimately going much lower" (so set your stops!)...
"If the market has been steadily declining, then a day will come when either bad news hits the stock market or several stocks will experience delayed openings on the downside. A few stocks may gap down in price"..."or the market may be off substantially for the day"..
"Readings in the Put/Call ratio over 1.0 often signal excessive fear in the market which is associated with short- and long-term bottoms, while a sharp spike in the VIX over 40 and as high as 60 to 70 is also associated with such market bottoms. This is an excellent time to cover your short positions".."while there is a weak or panicking market".
Source: "How to Make money selling stocks short" - William J. O'Neil, with Gil Morales
And great interview Josh! - find it here...
http://www.traderinterviews.com/programs/permalinks/TI_01-31-08_JoshuaHayes.htm
Tuesday, January 22, 2008
(8:15AM New York time)
Looks like were in for a big shakeout today. European futures down in the morning only to reverse to the high of day. I think the US markets will do the same. If this happens I may cover my SP500 short position, if not it will be time to readjust stops.
Additions to watch-list:
ISRG, AMZN.
Note: Both down -%7 pre-market, we'll see how this pans out on the market open and act accordingly.
If I short the above they will be light, with tight stops as I'm expecting a shakeout/capitulation day. Additionally, they both have relatively high short ratio's so I really want to see some heavy breakdowns before shorting.
Looks like were in for a big shakeout today. European futures down in the morning only to reverse to the high of day. I think the US markets will do the same. If this happens I may cover my SP500 short position, if not it will be time to readjust stops.
Additions to watch-list:
ISRG, AMZN.
Note: Both down -%7 pre-market, we'll see how this pans out on the market open and act accordingly.
If I short the above they will be light, with tight stops as I'm expecting a shakeout/capitulation day. Additionally, they both have relatively high short ratio's so I really want to see some heavy breakdowns before shorting.
Monday, January 21, 2008
.PNG)
Saturday, January 19, 2008
Wednesday, January 16, 2008
Short RIO (on LSE) @ 4,756. Stop-loss @ 4,877
Short PCP @ 115.57. Stop-loss @ 119.05
Watching: BIDU, ISRG, RIMM, GOOG
Holding(short): FLR, AAPL, SPX500 index contracts, PCP, RIO
There are some nice shorts out there, however, I'm currently restricted only to bucket shop stocks(the above). Being under 21 and not earning $50,000 a year means I am unable to use margin, hence short, in any normal brokerage. If you would like to help me organize fraudulent papers that help me make $50,000 per annum and look like a 30 year old. I would be most delighted.
Short PCP @ 115.57. Stop-loss @ 119.05
Watching: BIDU, ISRG, RIMM, GOOG
Holding(short): FLR, AAPL, SPX500 index contracts, PCP, RIO
There are some nice shorts out there, however, I'm currently restricted only to bucket shop stocks(the above). Being under 21 and not earning $50,000 a year means I am unable to use margin, hence short, in any normal brokerage. If you would like to help me organize fraudulent papers that help me make $50,000 per annum and look like a 30 year old. I would be most delighted.
Tuesday, January 15, 2008
Shorts Shorts and more
Short FLR @ 140.16. Stop-loss @ 144.2
.PNG)
Short AAPL @ 166.93. Stop-loss @ 172.87
.PNG)
Short SPX500 contracts @ 1392.1. Stop-loss @ 1,412.00
Had my eye on the Hang Seng(looking at it now, its gapped down, still providing a good entry, with stop-loss @ 25,669 this is a %2.6 stop) - contract however is too big for my portfolio, not worth it(risk-wise). My trades were done through CMC Markets CFD broker.
3-Month, 2-hour bid chart from CMC Markets.
It was quite a story opening an account with them. Don't want to talk about it. I will just say that they wanted to disintegrate my account with ridiculous data fees, and enabling my account consisted of a phone call at 1am.
In addition to this, my desktop computer was destroyed by some new virus(luckily I have a laptop). It was almost a Joshua Hayes day, except there were no exploding laptops or cars blowing up outside my house.
Began my studies at FINSIA - Currently learning about Keynesian economics(uch) and regulatory laws in the Australian financial industry.
.PNG)
Short AAPL @ 166.93. Stop-loss @ 172.87
.PNG)
Short SPX500 contracts @ 1392.1. Stop-loss @ 1,412.00
Had my eye on the Hang Seng(looking at it now, its gapped down, still providing a good entry, with stop-loss @ 25,669 this is a %2.6 stop) - contract however is too big for my portfolio, not worth it(risk-wise). My trades were done through CMC Markets CFD broker.
3-Month, 2-hour bid chart from CMC Markets.
It was quite a story opening an account with them. Don't want to talk about it. I will just say that they wanted to disintegrate my account with ridiculous data fees, and enabling my account consisted of a phone call at 1am.
In addition to this, my desktop computer was destroyed by some new virus(luckily I have a laptop). It was almost a Joshua Hayes day, except there were no exploding laptops or cars blowing up outside my house.
Began my studies at FINSIA - Currently learning about Keynesian economics(uch) and regulatory laws in the Australian financial industry.
Subscribe to:
Posts (Atom)
