fwiw, I took a short options position late yesterday and closed
it very profitably today.
You not only need to know whether some one is long or short but
also their time horizon.
If I had been fast enough, I would have gone long at 1067 and
closed at the end of day for another nice little trade.
Long or short, I think you have to have iron guts to hold
overnight right now! As for tops, I think Wed's 1184 top may have
been all she wrote. but i need a lot more info and confirmations
which just are not there yet before I bet the farm and hold for
several days or weeks.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
I was short
Another hit on the chin for those who continually want to short this uptrend
Posted by perthx on 14th of Oct 2010 at 05:12 pm
fwiw, I took a short options position late yesterday and closed it very profitably today.
You not only need to know whether some one is long or short but also their time horizon.
If I had been fast enough, I would have gone long at 1067 and closed at the end of day for another nice little trade.
Long or short, I think you have to have iron guts to hold overnight right now! As for tops, I think Wed's 1184 top may have been all she wrote. but i need a lot more info and confirmations which just are not there yet before I bet the farm and hold for several days or weeks.