The Long And The Short Of It

[ThorAss]

During a football analogy of a few months back Doc called me the defensive coordinator of The Stoolville Bears. At the time I was a bit miffed as I'd always fancied myself as a Tight End or a Flash Back :grin: . However, as usual, maybe he was right.

 

For those of you who heeded ThorAss' advice or did something similar yesterday, well done as you're almost certain to have finished in the green. It kept my head above water erasing all my PMS problems and then some.

 

Here's a link to The Previous Installment of The Long and the Short of It

 

We hit on 14 out of 18 bids though only got partial fills on 2 of them. The rest gapped and ran. Only 1 of the 14 was red, 2 were flat and the best up 7% with an average return on the day of 3+%. The gap in the Nascrap is a worry but that's not telling us anything we don't already know ie, that the lows will get revisited soon.

 

 

Here's another batch of crappy stocks which the short covering rally may well push higher still. Remember in a bear market, declines are punctuated with spectacular rallies. In order to make money you should be prepared to take advantage of this fact. Use TA to identify these times and for god sakes use sensible stops. Oh and by the bye, it was longs pummelling shorts 9 to 0. So no shorts to consider yet.

Send me a How's Your Father if any of you have tried a ride on any of these bad boys. Send me a PM if you don't want the world to know. My lips are sealed.