yeah cramers had atuff time latley -twx-nt chtr he isnt always right no one is.this market is hard to call. all of the sectors are looking for some type of guidance and investors are more timid than ever. mags may get aliitle squeeze tomorrow. anyone have an updated # on the short position %?
LOL, my my a little touchy arent we?? Go back and read my post again. I know Cramer sucks but he gets em right once in awhile. As a daytrader Im always flat (no positions) at the end of the day, and I have no current position in MAGS. Like I said, I will watch tomorrow and see which way this sector goes and then play it accordingly, just like everyday.
When you daytrade and you're flat to start the next morning, you are free to REACT to the market, not sitting and hoping it goes your way. And dont be so hard on shorts, I short as much or more than I go long. The market needs shorts to be a market, think about it. Not everyone can be long, a market needs both sides to be a market. If you never short, you are severely limiting your trading and profit making ability.