shorted AMAT at 49.25 at the close today, about 5% of my portfolio. I listen to the news, and can't find any good reason for a sustainable rally now. I look at the chart, and see the stock hitting 50 and stalling, again. I look at the volume, which is average. On a breakout of a trading range, there should be high volume. I watched for a rally at the close, to get the stock above 50. Isn't happening....so I shorted. If I'm right, I'll cover at 41. If I'm wrong, I'll stop loss at 55.
re: "Some people think what they have is
cheapened if others have it too." This is just another way of restating the fundamental economic principal of scarcity value, examples of which can be found in any society at any time. It's not good or evil, it's just human nature.
re: "I never understood why many conservatives lack compassion". For conservatives, the most important social value is Order. For liberals (the American variety, not the European socialist variety) the most important social value is Freedom. To create Order, you have to establish rules, and then enforce them. Compassion gets in the way of enforcing the Rules. That's why conservatives are habitually not compassionate. |
