carlhoot- you
positioned simply on that? on a 1/2 trading holiday?
plus SPX is only up 6 points, it's not running away, you can't
be down much unless you extended yourself on margin which we always
advise against. Do you position short today or yesterday.
Plus I don't think taking a shot today as a short is bad
call, but you can't be down that much on it, the market isn't up
that much
Now do I think a pullback will come, probably and maybe this
week, would not surprise me, but a lot of news this week, news out
of Europe on Thur and of course Jobs data on Friday
Posted by falcon5678 on 3rd of Jul 2012 at 02:41 pm
Can't remember who said it here but it's one of the best lines
I've heard in awhile. "Don't short a dull
market". These 'holiday' weeks are always like
this. Gradual boring march up. Suicide to
short. Monday you might be right but it always
feels bad to short into these. You get no relief and they
usually high close them.
You Yanks enjoy your day off - up here in the Great White North
we get to trade tomorrow, eh.
just hard to see everything green and me red
I began a little yesterday added to it
some more today about 40-50% of a position. Tempted to add
into the close but don't want to be caught with my pants down on
Thursday and jobs friday....
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
carlhoot- you positioned simply on that?
McClellan
Posted by matt on 3rd of Jul 2012 at 12:24 pm
carlhoot- you positioned simply on that? on a 1/2 trading holiday?
plus SPX is only up 6 points, it's not running away, you can't be down much unless you extended yourself on margin which we always advise against. Do you position short today or yesterday. Plus I don't think taking a shot today as a short is bad call, but you can't be down that much on it, the market isn't up that much
Now do I think a pullback will come, probably and maybe this week, would not surprise me, but a lot of news this week, news out of Europe on Thur and of course Jobs data on Friday
Can't remember who said it
Posted by falcon5678 on 3rd of Jul 2012 at 02:41 pm
Can't remember who said it here but it's one of the best lines I've heard in awhile. "Don't short a dull market". These 'holiday' weeks are always like this. Gradual boring march up. Suicide to short. Monday you might be right but it always feels bad to short into these. You get no relief and they usually high close them.
You Yanks enjoy your day off - up here in the Great White North we get to trade tomorrow, eh.
Hey Matt - no margin, not down - considerably
Posted by carlhoot on 3rd of Jul 2012 at 12:29 pm
just hard to see everything green and me red
I began a little yesterday added to it
some more today about 40-50% of a position. Tempted to add
into the close but don't want to be caught with my pants down on
Thursday and jobs friday....