I Couldn’t Help Myself Attempting A Short Again

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August 14, 2008

I’m addicted to this short. I put it back on. I’m looking for the market to close in the red tomorrow. Today shocked me a little bit, but my individual stocks have done ok in this up move.

I actually mentioned on the morning posts when I sold out of my short (which happened to be a decent money saver for myself) that the “easy money was made last week.” This week has been great for two indexes, 3.8% in NDX and 5.4% in the RUT (these are double %’s). I achieved none of this by positioning incorrectly yesterday and then up into this morning. The SPX is down less than 1% for the week while the Dow is down 2% for the week. So right call, wrong index?

SPWR afterhours broke upwards which pisses me off which you might understand after reading this post. Same story on track, not holding long enough and powwww the big pop.

Still holding onto MATK and CALM. I’ll look to buy the weakness if it happens tomorrow, Monday, or Tuesday as well as looking for nice swing trade setups sometime tomorrow or Monday.




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