Just was responding to freddy's post of omg! Chill out
dude! Sorry if the market isn't going your way, no one is
forcing you to stay short. Also, if you have paid attentin I have
posted my thought's on market, regarding leader's, price action,
etc.. I guess they don't interest you since they don't fit
into your Bear mindset...
Posted by marketguy on 20th of Sep 2010 at 11:02 pm
I was one of the first on the site to call for the inverse
H&S back in August (check prior posts) looking for the mkt to
come up to 1140-1150 so that's hardly a bearish bias it
was only a couple weeks ago that I started shorting in a
meaningful way (which granted and as I have pointed out myself was
premature)....
and you are correct, your posts don't interest me....not because
they don't fit my mindset but because at this point in the mkt they
will only lead to a catastrophe....your recommendation to people is
to keep buying AAPL, CMG, CRM, AMZN, CAT, DE, etc., at "this" point
in the mkt with sentiment where it is? the overbought
readings on many oscillators? the negative divergences? yep,
that makes since...what's your theoretical upside from here,
another 5 maybe 10% max in those names vs the potential downside of
at least 10 if not 20 or 30%? talk about risking your
capital.
but to each his own....just don't be a dink if others in
here have a different view (just be happy yours is working at the
moment)....
i only joined here 2 weeks ago so im just absorbing all this
......i do more income options(selling premium) stuff so it been
tough for everyone(the put premiums are holding very strong with
this move so there is fear even though the vix isnt showing
it......1 std dev range for DIA oct options has 101puts at 43cent
premium vs. 112 call at 22cent .....a lot of people are trying to
play the VIX spike trade)
i think my error is i placed too much emphasis on volume being
important to mean the move was real so i expected the mkt to
pullback but i guess in the end price is all that matters.....
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bitter pill huh dude
Market
Posted by vdonato on 20th of Sep 2010 at 10:49 pm
Just was responding to freddy's post of omg! Chill out dude! Sorry if the market isn't going your way, no one is forcing you to stay short. Also, if you have paid attentin I have posted my thought's on market, regarding leader's, price action, etc.. I guess they don't interest you since they don't fit into your Bear mindset...
I was one of the
Posted by marketguy on 20th of Sep 2010 at 11:02 pm
I was one of the first on the site to call for the inverse H&S back in August (check prior posts) looking for the mkt to come up to 1140-1150 so that's hardly a bearish bias it was only a couple weeks ago that I started shorting in a meaningful way (which granted and as I have pointed out myself was premature)....
and you are correct, your posts don't interest me....not because they don't fit my mindset but because at this point in the mkt they will only lead to a catastrophe....your recommendation to people is to keep buying AAPL, CMG, CRM, AMZN, CAT, DE, etc., at "this" point in the mkt with sentiment where it is? the overbought readings on many oscillators? the negative divergences? yep, that makes since...what's your theoretical upside from here, another 5 maybe 10% max in those names vs the potential downside of at least 10 if not 20 or 30%? talk about risking your capital.
but to each his own....just don't be a dink if others in here have a different view (just be happy yours is working at the moment)....
reallly? My post was geared toward
Posted by marketguy on 20th of Sep 2010 at 10:55 pm
reallly?
My post was geared toward the blog and a few posters who seem to be bent on picking the top (every day) and leaning one side only...
well, why would you short into it then if you had that as a scenario, not to good risk management I would say, but you keep shorting and wishing the market down, it's your account..
I guess that must be a different vdonato.
i like your charts market guy....keep 'em coming
Posted by loveit on 21st of Sep 2010 at 12:20 am
i only joined here 2 weeks ago so im just absorbing all this ......i do more income options(selling premium) stuff so it been tough for everyone(the put premiums are holding very strong with this move so there is fear even though the vix isnt showing it......1 std dev range for DIA oct options has 101puts at 43cent premium vs. 112 call at 22cent .....a lot of people are trying to play the VIX spike trade)
i think my error is i placed too much emphasis on volume being important to mean the move was real so i expected the mkt to pullback but i guess in the end price is all that matters.....