General Stock Ideas

[Market_Fest4]

SC,
Well, the main reason the market is rallying is because I bought FAS this morning way too soon. market kept selling, I kept holding. Within ten minutes, I was several hundred dollars under water.

Then I went short YM, at the bottom. Took a spanking on that, then sold the FAS after it came back a bit to lock in a loss. The market looked weak to me. By then, the market started a 150 point rally. So, I walked away with my tail between my legs.

Then, to make matters worse. I bought the FAS I had sold at the end of today, at the market top, some 70 cents higher than where I sold it. This is idiot trading 101, and since I'm now quite long FAS, you can count on getting your market selloff Friday.

Some days, I just need a good punch to the neck.
MF4