Posts Tagged ‘locm’
One Week Too Early, The Weakness Is Here
I was early with the short call last week, because today folks – its here. This is what I was trying to short for. However, now the market has puled back enough that I’m buying. I’ve bought the indexes this morning. You know ABC, from Glengary Glen Ross? Always Be Closing? I’m AFE. Always Fu$kn …
Posted by StockRake on August 15, 2008 in Leveraged ETFs, Leveraged Funds, Market Comments, Stock Comments, Trades
Made Some Money On The Short Today
About time! However, the risk/reward was crappy and the gain matched that. Today the NDX gained .70% and the RUT did .26% whoooopeeeeeee. Overall I lost money this week attempting to short the trend. I said buy weakness and that is what I did today at the close. I’m now long the NDX and RUT …
Posted by StockRake on February 6, 2008 in What Worked Today
What Sucked Today 262008
Making that morning long buy in the indexes. The indexes dropped about 5.6% from the 10:45 pricing. OUCH! That hurt me. Plus CSCO reported numbers that were ok, but Mr. Conference Call himself, John Chambers, gave unglorious guidance that sent CSCO down 8% afterhours. Now lets just review, CSCO was already down roughly 30% off …
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