Teflon - speaking for myself, here is how I intend to play it: I will not short it from minute one of the open - I'll try to see if it rises some. Next, I'll look to see how the S&P futures look - if those are up, I'll wait for MSFT to keep rising. If it is a blazingly hot market, I will refrain from shorting MSFT. However, should MSFT reach 88+ I will probably short MSFT regardless. If the market is so-so, I will short MSFT. However, as always, I will not carry my short overnight. Bottom line, as a daytrader, I take my cues from the LII, and the S&P futures index. However, yes, my bias will be toward shorting.
Morgan |
