AI
Saturday, February 22, 2003 12:49:11 PM
Latest from Saavy, and more...
Glad I was passed on EXPE short during that first spike yesterday. Now watching and considering entering short this coming week.
My shorts:
KLIC -- still holding from 5, happy to wait around
JNPR -- still holding from 8.99, happy to wait around
NVLS -- still holding from 28.57, happy to wait around
My longs:
GG -- took a tiny loss Friday, maybe not smart, but got spooked and will look to re-enter
Overall, glad I protected myself by closing some shorts with small or no gains as this rally progressed. Shoulda-woulda-coulda this that and the other... Content to trade my way back down to these levels with extra positions.
Still have some dry powder, and I don't think this market has a lot more legs to it, but if peace breaks out or some other news comes to be seen as positive then 1400 is a possibility. I doubt it makes it. The trend is down, and we'll likely grind away. This has to be seen as a scary time for longs, and I suspect many will be scaling out of their positions if they have much sense at all.
-- Bale
In edit: following from http://www.saavycharts.info/ a great and usually updated-daily graph... I check it all the time, and use it as a moving target benchmark from another brain out there... (heavens knows I haven't got enough myself)
Glad I was passed on EXPE short during that first spike yesterday. Now watching and considering entering short this coming week.
My shorts:
KLIC -- still holding from 5, happy to wait around
JNPR -- still holding from 8.99, happy to wait around
NVLS -- still holding from 28.57, happy to wait around
My longs:
GG -- took a tiny loss Friday, maybe not smart, but got spooked and will look to re-enter
Overall, glad I protected myself by closing some shorts with small or no gains as this rally progressed. Shoulda-woulda-coulda this that and the other... Content to trade my way back down to these levels with extra positions.
Still have some dry powder, and I don't think this market has a lot more legs to it, but if peace breaks out or some other news comes to be seen as positive then 1400 is a possibility. I doubt it makes it. The trend is down, and we'll likely grind away. This has to be seen as a scary time for longs, and I suspect many will be scaling out of their positions if they have much sense at all.
-- Bale
In edit: following from http://www.saavycharts.info/ a great and usually updated-daily graph... I check it all the time, and use it as a moving target benchmark from another brain out there... (heavens knows I haven't got enough myself)
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