Well- actually I love seeing the threads bearish but I did notice over the last week that despite being bearish? Most people were holding out waiting for a spring bounce (just like myself!)... and the fact that its not materializing and you have alot of bagholders has me thinking its a good time to be 100% cash each night. The last few months have been very bubblish in the markets and you had situations every day like MAGS, SNTO, CBTE, TASR- the list is so long its incredible.. stocks that tripled in a week.. even situations like ABIX where it gets halted because the press release was all hype and no substance- and when they reopened it? The damn thing went up another 50% : ) : )
Most of what I do is day trade.. The last week I have had alot going on so I decided to just put a few positions down and see if the turnips would let me harvest some nice gains.. I hate holding overnight, and actually most of my trading is done on the short side regardless of if the market is bullish or bearish so for all I know this could be the bottom and we start the rally tomorrow.. but seeing Zeev hint at bearishness was all I needed to just take some small loses and go back to what works for me.. Heck- if I hold a position for more than an hour I get antsy so : )
I just would LOVE to see Zeev issue a run to the hills call.. The rare occassions he does that? I shorted with wreckless abandon and the profits were incredible. I also noticed in the past that when a rallied failed to materialize according to the turnips plans? Getting the hell out was a pretty smart thing do to because the plunge that followed was usually pretty nasty..
Oh well.. Just gotta see what Intel does for me tomorrow..I have a sizeable position there and have a funny feeling there will be a downgrade on the entire sector tomorrow.. I dont like that mini ramp they had near the close..
Just for giggles- usually when I capitulate? The market rallies.. like clockwork : )
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