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October 2008
You are browsing the archive for October 2008.
No New Short Positions For Friday’s Stock Market Session
There are no new shorts tonight as there were only 10 shorts in my scan tonight and none of them are safe enough near a proper short point to go short. When there is nothing to do, the smartest thing is to do nothing. Tonight, is one of those nights. If there is nothing to [...]
No New Longs For Friday’s Stock Market Session
Wow. There isn’t much to say right now except that was the poorest showing of an up 2% day that I have ever seen. The charts are very ugly and despite this rally the technical damage is wide and vast. It is going to take more than a few up days to get me to [...]
No New Long Positions For Thursday’s Stock Market Session
There were zero new longs today as a final hour INSANE volatility session broke out in a once better efficient market. I mean honestly what the hell was that??? Anyways, it didn’t mess up to many of my daily charts, there just was not anything worth going long. This market has serious issues and a [...]
One New Short Position For Thursday’s Stock Market Session
There was one stock out of 22 in my short scan that has lined itself up for a possible good short. Nothing is ever guaranteed but the way charts like this have done recently, I would assume a nasty breakdown for K could easily happen. However, it is a food stock and since this is [...]
No New Short Positions For Wednesday’s Stock Market Session
After another very powerful one-day explosion higher, obviously there were not many shorts. But the fact that there were some stocks in the shorts scan was a bit shocking but just in case you do not have Telechart (why not????? ). CLHB, BWLD, THOR, RNT, and VR all made there way into the scan [...]
One New Featured Long Position For Wednesday’s Stock Market Session
It was a very powerful day for the stock market today as all the indexes jumped from anywhere from 7% higher to 12% higher. The problem with today’s rally is that there are already way too many people calling this move today a bottom. Didn’t people just try to call a bottom earlier this month [...]
No New Short Positions For Tuesday’s Stock Market Session
I tell you what, for the first time in a long time I decided to watch the market intraday today as I had a rough time sleeping after working last night. Boy did I pick the wrong day to watch the market intraday. Not only were there absolutely ZERO longs in my two most active [...]
No New Long Positions For Tuesday’s Stock Market Session
Obviously with the market down between 2% to 4% today and the NYSE down 47% since January 1st and 49.5% since October 2007, we do not have any new longs today and more-than-likely will not have more than maybe one or two the rest of the week. Sometimes when I do not have longs for [...]
Why Are There So Many Crazy Posters When I Have These Returns?
The earliest short in this list was entered on 6/17/08 everything else comes after. After this I will list my current longs:
No New Short Positions For Monday’s Stock Market Session
For some odd reason right now I am seeing and hearing a lot of people being very bullish out there recently. I do not know about you but does anyone remember what just happened the past year? The stock market just crashed 40% plus points and people are acting like now is the right time [...]
