Friday, September 26, 2008

Covered and Long

The market just made new highs for the past couple of hours on increasing volume. I bought two units at 1204 and am now long one unit net.
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5 comments:

  1. Anonymous9/26/2008 11:10:00 AM

    WHIP-SAW!!!!

    How many traders will be willing to go long for the weekend without having anything passed by Congress?
    Not many. There will be a sell-off today.

    Rico
    Toronto

    ReplyDelete
  2. Anonymous9/26/2008 11:12:00 AM

    Contrariwise, Do you want to go into the weekend short if there's no agreement? Esp. if the odds are looking good that there will be one?
    I think prudent people will want to go into the weekend flat...question is, are traders short or long right now? So, which way will it move to get traders flat?
    Adam Oliensis

    ReplyDelete
  3. Anonymous9/26/2008 11:13:00 AM

    Exit long at 1200.

    Will look to reenter later...maybe

    EDS

    ReplyDelete
  4. Anonymous9/26/2008 11:17:00 AM

    Likewise, how many will want to home short with the last two announcements occuring on a Sunday?

    This tells me the market will chop and it is best to get in synch with the "chop" today.
    DE

    ReplyDelete
  5. Anonymous9/26/2008 11:20:00 AM

    How many will be willing to hold short with a possible bailout deal over the weekend?

    Boris

    ReplyDelete