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Re: gmoneypenny post# 20634

Tuesday, 02/15/2011 4:24:00 PM

Tuesday, February 15, 2011 4:24:00 PM

Post# of 142825
I am long, but will also be considering a sell if other big sells occur. I don't want to be caught holding the bag and having to start the slow climb up in pps again. My preferred strategy is to hold until it's obvious selling is occuring, then sell with the sellers, thus making a decent profit. Then buy back in on the dip(s) and repeat the process as many times as I need to get to where I want to be.

The run everyone is talking about won't last forever. At some point, a selloff will occur. I don't want to miss it. Then a new run will begin and on and on it goes. I don't have L2, so I have to rely on L2 data posted here. But if we do see VFIN/VNDM again on the ask, that might tip us off that a selloff is coming.