Bottom ain't in yet friend. Still fully loaded? Shorted more yesterday since there wasn't much volume to drive it higher. This pre-earning CSCO pump was a gift to shorts...
re: when Texas suggests I bite the bullet, the bottom is in?
That was a short nap. And you have a good sense of humor at 3:00 in the morning (g). But I've been long since mid March and now up to my max of 110% long (with my risk tolerant accounts). So unfortunately I don't think you want to use that indicator. Historically that indicator only works 35%-40% of the time (or fortunately in my view).
Have a good day trading. We'll be getting the results in on a new well today so hopefully we'll have found some natural gas so you traders can keep your computers running and stay cool this summer (vbg).
You don't seem to play in any of the income producing stocks? REITS are out of favor of late but there is one REIT that supposedly won't be as affected in a rising interest rate market. The symbol is NFI. I took a position the other day to take advantage of this qtrs. dividend currently producing a yield of 17% per annum. The stock is @ $33 today and the yearly dividend is $5.40. There is a stock holder maintained website @ http://www.nfi-info.net