Tuesday, March 25, 2008


Put out some more short today, pcu around $106 and xme around $70.70


Anonymous said...

Hi upsidetrader,

I was hoping to get some insights on NYX?? I am not sure if you follow this particular stock. I have been a sucker as I listened to Jim Cramer and got into this NYX.. I have been hurting now for a year and a half when I got in around 100.. Although this has turned into a long term investment for me now and I have brought down my avg cost basis, I was hoping to get your take on this... I strongly feel this is a great company however a horrible stock. Also - with PCU and XME going down - I believe FCX and others will go down as well... is this a shorter term play??? I should've followed Your USO Short... hahaha darn.. Way to go!!!

The other day I was reading your blog and was mentioning about Jim cramer... I felt really bad not only for myself but several thousands of folks who got suckered in.... In any case - sorry for the rant...

BTW - I see you have had your own hedge fund. May I ask why you no longer a hedge fund Manager???? I have been wanting to get some advice on this as well as I want to start my own fund. Thanks for your time and I value your insights.

KR Singh

upsidetrader said...

i try to never let trades turn into investments,thats why i watch things closly and trust my own instincts,don't listen to cramer ever,and the reason i don't run my fund anymore-i made enough and i like sleeping 6 hours a night

About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.