I'm done for the day if not the week. I caught the opening bounce short on CLF,POT,CF,MOS,AGU and was very long SMN. It was beautiful, and THIS is what a real unwind looks like. I'm around all day. Just a massacre
P.S. This could last all day, when they want out--they want out
Wednesday, September 3, 2008
It's Always The SECOND Day
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About Me
- upsidetrader
- 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.
8 comments:
yeah, great calls. I'm also short MOS at 99.3... bottoms up!
I have been following your site for about 2 months now for ideas. I nailed the commodities short trades.
Joe, piggybacking on your thoughts about hedge funds imploding the selling energy/ags to cover redemptions, you think financials are being held up by the same folks booking profits by closing out short positions? My agony is whether to keep bumping around with SKF and other crappy individual financials, or take a shot at some energy/ags...I cannot understand how financials have gone up the last 3 days. Later!
Nice! You killed those guys the past 2 days. I'm still mentally groggy from the weekend and didn't get in on the action...damn! Put up a good pic to keep my spirits up...
skytrader
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
robi
nice man
george
where are they gonna put the $$$$ the exodus from commodities has to go some where and some are placing bets on the financials--they be wrong
oe
its about the benjamins from 9:30 to 4 dude
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