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Re: Lakersrback post# 3518

Friday, 04/26/2019 12:06:29 PM

Friday, April 26, 2019 12:06:29 PM

Post# of 4163
Been that way for awhile. If you were shorting in the low .20s and teens instead of buying (like me) then you are hurting here. If you are shorting now in the mid .30s low .40s you will be hurting in a couple of years.

We have a ways to go here - awhile out with not too many short-term catalysts brings in short term shorts.

However, IMHO if you have a LT long-side horizon here we will be in great shape 1-3 years out from these levels. Shorts are usually short term traders and in the near term we could be under some pressure (hence the shorts), but I don’t think longer term you want to be short here, JMHO.

Following the charts is like driving a car forward while looking in the rear view mirror.