'net bubble the next to burst. Already puts/short in EBAY, INSP, ASKJ and YHOO for the collapse or at least nice big gains on these blimps. INSP, ASKJ solidly stalked since for shorting. Latecomers Thursday and Friday were YHOO and EBAY and puts still held. (NO HEDGES AT ALL) We have 2 more pending 'net plays which should burst and fizzle. SNDK targets have all hit and we are now looking at the 20 as target. Puts can off course be locked in and lower and lower strike prices taken for new positions. SLAB, TSM, KLIC, LEXR and KLAC awesome. Newer puts should start to accelerate downside like FLEX, GNSS (that was a good one) and plays like ERTS, QLGC and MXIM (straddles there) we should not give up on the puts because like MCHP ( 28.50 support already breached)what a good one that was!) both puts and calls soared and MXIM ultimately they will retest lows and fill any gap ups.
If you use our longer term hold (swing plays on the short/put side) you won't have to spend hours in front of the computer playing countertrends and wasting money on the 'peanut trade' and tiny 'bear flag pause that refreshes' while missing the beef of the trade. For the most part there is no need to hold actual short positions overnight, just remember to short the 10:00 highs or at resistance in case of the rare gap 'n snap open (i.e. see MCHP on 4/23) which is a shorter's delight. LET THE PUTS WORK FOR YOU overnight and through the week like little elves while you relax or fish, enjoy other activities. We know eventually the gains will stop but so far any and every rally was shorted and the few days the market was actually up triple digits we participated as well as the LONG TRADER still holding stocks from April highs waiting for the RALLY TO TAKE HOLD......................and waiting..........................................and still waiting............................................................