[" NG stocks look set to run to new highs....Cover Slider, Cover if you haven't already."]
Trust me... there are no plaques in Martyrdom for Short-Traders.
I have nolo problemo - in covering.
I keep my shorts tight.
...figuratively speaking (vbg).
Per my earlier posts: Message 21599752
Here's my Oilpatch Shorts:
Entry - Stock - Present Price: $87.50 - SLB - $82.68 $58.55 - DO - $56.58 $58.00 - RIG - $57.64 $72.70 - ATW - $70.72 $40.44 - DRQ - $40.45 $60.75 - BRY - $59.22 $43.00 - KWK - $39.38 $33.50 - RRC - $32.84 $38.50 - VPI - $36.41
Up around + $5 in the SLOB, $2 in DO, $3,50 in KWK (my largest position), $2 in DRQ.... pretty flat in the others.
Here's my Airline, Homebuilder & SubPrime Shorts:
Entry - Stock - Present Price: $77.25 - RYL - $71.48 $71.20 - CTX - $66.13 $74.25 - KBH - $72.20 $89.25 - PHM - $84.84 $74.50 - KBH - $72.20 $131.50- WLS - $137.12 $82.50 - MDC - $75.03 $53.50 - TOL - $50.00 $66.25 - BZH - $60.98
$14.40 - CAL - $14.20 $13.20 - AMR - $13.55 $33.20 - ALK - $33.61
$123.50 - SPY - $121.15
$51.75 - CNF - $50.62
Mtg Lenders/SubPrime: $40.00 - NFI - $34.88 $47.50 - LEND - $41.45 $52.20 - NEW - $43.20 $38.75 - AHM - $32.65 $10.15 - HCM - $8.54 $4.52 - UFMC - $4.22 $9.50 - DFC - $8.66 $17.50 - IMH - $13.86 $39.50 - FNF - $38.55
Up + $3 to $5 in most of the Homies, except WLS...flat in the airlines & up $1 in CNF and $2 in the SPY's....Subprime/Lenders doing VERY well + $5 in NFI, $6 in LEND, $9 in NEW, $6 in AHM, $3.60 in IMH and moderate to flat in the balance.
A few nice hits in a couple of SubPrimes and Homebuilders... not bad in SLB and KWK...
...NO Mega-Home Runs yet... but, it beats sitting fully loaded in goldstocks and riding 19 hard & fast HUI Points to the downside.
As I said... there are opportunties in places other than the Goldstocks... and all of the above gains have taken place directly into a 20ish point HUI retracement.
I actually think we're setting up for a pretty decent downdraft in the broad market...once again it feels very similar to a couple of past BLACK OCTOBERS.
Fannie Mae could be creating structural cracks in the Derivatives Markets.
We have a re-balancing of Global Currencies... we've read about the problems in the 10 year bond... derivatives have grown exponentially since LTCM's meltdown....ramping rates causes stress in the Financial Markets...throw in ramping Oil Prices....a Few Major Hedge Funds have shut down...funny money coming out of the Carribean.... and if the entire story of "ABLE DANGER" ever comes to light... it will be bigger than Watergate and will Rock not only the US Political System, but the Global Economy as well...
Here's a hint:
Bush/Cheney - Halliburton/Oil $ - Papa Bush-James Baker Exxon/Saudi's/Carlyle Group...DynCorp...Patriot Act...Peak Oil/Matt Simmons-CFR...Carribean Offshore Money-Oil Speculation... pull the plug on Able Danger - 4 months prior to 911.
...what happened to the price of Oil post 911 ?
washingtonpost.com
...bigger than Watergate; literally the greatest scandal in the history of the modern world... the greatest transfer of Wealth in World History - simultaneous to the greatest surrender of personal Freedom by the US Citizenry... and we haven't seen anything yet.
If the Story behind "Able Danger" ... a.k.a "PROMIS"...breaks - these guys won't have enough fingers to plug the global financial dike:
today.reuters.com
marketwatch.com
PS: re: "regulators from Britain, Switzerland and Germany also were expected to attend the meeting."
...regulators from Great Britain, Switzerland and Germany aren't coming because of the naked shorts in Overstock.com...
tic' toc`
HUI 190... come to daddy ~
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