to open high, go a little bit higher and tank. Everyone has been wondering when this market will fall. I predict it to be on a Monday morning when everything looks peaches and cream. Stocks were strong overseas, G-20 news makes the dollar drop and futures are very high as a result. The market then opens high, goes higher and now the market is looking extremely good. Then all of a sudden the market turns down and falls and falls and falls the entire day. Wow wouldn't that catch everyone off guard...which is when it usually happens! Anyway, this just may be wishful thinking. Good Luck!
I'm currently not short. I only shorted for the day (aka day trading). I shorted at $38, covered at $37.40 and went long at $37.50. I got criticized for being a "Shortie" by a couple of Longies so I played along with it and laughed all the way to the bank, then I went Long. I don't think I want to chance the earnings report though. I hoping to bail at tomorrow's high. It may be a mistake but I've been burned on earnings way too many times. Good luck!