ThorAss Posted July 24, 2003 Report Share Posted July 24, 2003 From me over at the outpost: Meanwhile over on the broads, closed one partial position and have entered no new shorts. I'm becoming less and less happy with my position as each day goes by. So many conflicting signals, so much mindless volatility. My system for shorting will only work if dip buyers are regularly getting their asses handed to them. At the moment this does not yet appear to be the case. At this point I'd give my left prairie oyster for a good old-fashioned stock market crash and a pullback on the PMS. However, I'm not expecting this to happen. Not entering new shorts 'til I start to see things that give me warm fuzzies. I will reel in my current shorts at support or cut them if they break out. No point in LOSING any money in this market. On the positive side are we looking at a delayed reaction/opposite move thing happening here or is it really just The Magic Liquidity Tour on the road? Link to comment Share on other sites More sharing options...
Bearman Posted July 24, 2003 Report Share Posted July 24, 2003 Rodger that! There is hope dick hoey on crapview saying bull mk over and over vix new low keep the faith Bears Link to comment Share on other sites More sharing options...
Sam Adams Posted July 24, 2003 Report Share Posted July 24, 2003 Thor, I'm with you there my friend. Keep in mind that our disgust with existing positions usually increases in proportion to the inflection point. It never fails for me. As the market starts doing the opposite of of my posistions I get very agitated. If I am holding shorts the moment just before the indices break down my desire to sell is almost as bad as a junkie craving smack. I can't tell you the number of times I have sold puts at the high of the day and vice versa. Follow your system and ride through it. For me this is 25% technical and 75% mental discipline. Hang in there buddy. Link to comment Share on other sites More sharing options...
huey9 Posted July 24, 2003 Report Share Posted July 24, 2003 thanks Sam Adams. i have found myself doing that too much lately. i repeat stick to the game plan, stick to the game plan. Link to comment Share on other sites More sharing options...
Slothrop Posted July 24, 2003 Report Share Posted July 24, 2003 Look out now. Big, huge, monster, unbelievable rally coming. Any time now, we go straight to the moon. Dow 77,000. NASDAQ 490,000. AMAT to 10,000 by next Tuesday! Here it comes. Stand back. Don't get in the way. Better double up on those tech stocks! Watch out! Link to comment Share on other sites More sharing options...
BeerMarket Posted July 24, 2003 Report Share Posted July 24, 2003 a little diversion for the bears while we wait for this rally to pass: the ironic headline of the day: JPMorgan Acquires Bank One's Corporate Trust Business; JPMorgan Solidifies Leading Position in Corporate Trust Business Link to comment Share on other sites More sharing options...
BeerMarket Posted July 24, 2003 Report Share Posted July 24, 2003 dirty SOX went red briefly. Don't think I even heard the bad news out of ST Micro mentioned on Crapvision. Link to comment Share on other sites More sharing options...
Slothrop Posted July 24, 2003 Report Share Posted July 24, 2003 Stock not participating in the huge, monster, incredible, non-stop rally: WON. We like short shorts. Link to comment Share on other sites More sharing options...
Slothrop Posted July 24, 2003 Report Share Posted July 24, 2003 Wow, dig that crazy chick! Who wears short-shorts We wear short-shorts Theres hot short-shorts We like short-shorts Who wears short-shorts We wear short-shorts Who wears short-shorts We wear short-shorts Theres hot short-shorts We like short-shorts Who wears short-shorts We wear short-shorts Who wears short-shorts We wear short-shorts Theres hot short-shorts We like short-shorts Who wears short-shorts We wear short-shorts --The Royal Teens, 1958. God love 'em. Link to comment Share on other sites More sharing options...
Slothrop Posted July 24, 2003 Report Share Posted July 24, 2003 But wait there's more! "Description by Oldies.com: Best known for their Top 10 1958 hit "Short Shorts", The Royal Teens were originally known as The Royal Tones when they got their start in New Jersey. Bob Gaudio, key member of The Royal Teens, later went on to international success as a member and chief hit-writer of The Four Seasons." Wow -- he sang on "Short Shorts" BEFORE helping to create The Four Seasons. Now, that's impressive. Some people stare at charts for a living. Others write, produce and sing "Sherry" and "Walk Like A Man." Link to comment Share on other sites More sharing options...
Bearman Posted July 24, 2003 Report Share Posted July 24, 2003 Bears not safe on other board bull attacks Link to comment Share on other sites More sharing options...
Slothrop Posted July 24, 2003 Report Share Posted July 24, 2003 "NEW YORK (CBS.MW) - IPass rocketed out of the gate with a 30-percent gain over its offering price as the hotter of two healthy initial public offerings debuting on Thursday. The IPOs come on the heels of the successful blast off of InterVideo (IVII: news, chart, profile) last week. It's the sixth week in a row featuring at least one IPO vs. earlier this year, when weeks and months would go by without a deal." Lemme see here. When was the last time the IPO market was this hot? Was it January of 2000 or February of 2000? Those were memorable longs, as I recall. Link to comment Share on other sites More sharing options...
Slothrop Posted July 24, 2003 Report Share Posted July 24, 2003 Pity the poor Wall Street anal cyst. Ever since he got that degree from Wharton he's been trained to believe that job cuts are good. Less salaries paid, more bottom line to those that count. You know, CEO's, COO's, etc. -- the important people. "Give us job cuts" is the MBA mantra. Now comes Microsoft. The temerity. The arrogance. What the f*** is this? They're HIRING workers. Uh, uh, wait a sec: must mean that long-awaited tech recovery is here. Therefore, today, and today ONLY, hiring workers is, uh, bullish! Yeah, that's right, just his once, it's...bullish... Why isn't this stock at 30? What's the problem? Link to comment Share on other sites More sharing options...
Slothrop Posted July 24, 2003 Report Share Posted July 24, 2003 SPX hugging 995 for hours and hours. As if it's waiting for news. But what? Link to comment Share on other sites More sharing options...
soup Posted July 24, 2003 Report Share Posted July 24, 2003 what happened? Took a short nap and the spoos are down from 994.50 Link to comment Share on other sites More sharing options...
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