NhotH20, thanks for the words....Even though it is definitely more
difficult to make money shorting in a Bull market, I like the challenge...I guess, I am not in trading as much for the money as for the game of making a successful trade....As a trader you know what I am talking about..I am trying to be flexible, and don't want to be a Doug Casey, calling for the great Gold market, and have to wait 15 years for it to happen...Yes, Doug and I will be right eventually...If I have time each day, I generate a long list via 6 different scans in addition to a short list....For example, in your area of IPO's, I like LGTY at 15.59 for Monday only....We have a move from the 21 day on this one, where I think momentum will continue...Also, I am working on a new indicator that is a hybrid of the MACD Histogram...LGTY got a hit on that one to watch on Monday as well...Won't get into the variables since a friend of mine and I keep that inforamtion confidential....
Take care and glad I didn't short JRJR Friday....Some big blocks were buying, guess the company is not going up in smoke...
Regards, mark |
