If you want to do well buy low priced stocks which are so due to bad news. Sometimes this can work. Sometimes not. But what else is there? And so I looked. No. It's not for me. Too much public buying. Actually any buying is red flag. If a stock is going up its not so bad. But if it's down and it's happening then no. I should mention that each day as oil crashes the public is there buying. Natural gas too. And the cottesponding stocks.
Have a stop at 121.5. It won't be bad because my short position is so tiny. Shorting is trading which as we know has a zero success rate. So this is for fun. Did a bit more yesterday. And then at the pre market lunge just now. But again, stay away from this. Long term bag holding is the only thing.
Sentiment: Strong Sell
This down move was unexpected. Made a few dolars. This just proves that the only way to make money is to be a small time bag holder. Because then you don't have to make decusions. Prices fluctuate to make traders act. Which provides liquidity.
I only short for entertainement. Tiny amts. Because you need a stop which is a very bad thing. Anyway, the movie will break all records and then you have the merchandising gold mine. So it was a natural short. NKE with the recent good news is another. They just signed a multi million dollar endorsement deal. Cramer, his problem is, he uses logic which is the worst thing to do in markets.
A good part of the tlt advance may be over. Or not. Holding what I have also fxe fxy gld. The consensus is that dollar will strengthen aa int rates rise. What if the consensus is wrong? It is right until it's not.
People bottom fishing USO. And so it keeps dropping. That's how markets work. TLT is now a long term buy. Because it makes no sense.
I am short this. It's because of the movie coming out. First, it will make a fortune all by itself. Then, the merchandising. It's everywhere. In markets you have to go against logic. Shorting is stupid because it needs a stop which is impossible. So I did just a tiny amt. For entertainement. That's all.
I am in just once (06/19/2000) and have done nothing with it. It's not a popular stock, nobody talks about it. When there is a change it will be time to begin selling.
You are not supposed to sell any part of a stock as long as its out of favor it makes things simple. No stop for a start. And then if it does go up a lot you still do nothing. Until the situation is becoming stable. Finally started selling Argentina because a free market candidate was going to maybe win (started selling) and did (did more). Now that better times are ahead, its time to lighten up. But no way is that with Greece.