Things change....we have a surprise cut.....bad news being taken in stride....I mean sheeez, NTAP warned bigtime and it went from $14 to $20.....bad mews is being tolerated. Shorts are getting a bit itchy as well......heck of a naz rally. Shorts can get burned quickly, and anybody short the last two weeks has gotten burned badly......if I was short, I would cover. If I wasnt short, I dont know if I would fight the fed this late in the game. I mean, If I didn't short ntap at $100 or even 50...or even 20.....I am not so sure I want to short now, for a possible gain, but probably minimal gain with the stock under $20. Then, look at all that cash sitting on the sidelines. I guarantee alot of that cash is itching as well.....nobody wants to miss the next bull ride......nobody wants to risk sitting and risking the rally takes us straight to 3000.....at current levels..cash may be thinking, why try and time it perfectly, lets get back in now. May go lower, but how much lower.....long term, should go much higher. Anyway, I'm just looking at the psycholgy of things both from a short and long perspective as well as a sitting in cash perspective......I know alot of bears getting cooked, many are telling me they are not fighting the trend and are closing their shorts and going
long......the volume tells me this is more then short covering,...volume is high which tells me some fresh cash is coming in......will we see some profit taking....probably, but long term, the shorts are worried, the longs are worrried they are not long enough and the cash is freaking out thinking I dont want to miss any upside...........will be interesting....again, I expect some profit taking, but then again, I've expected that for a week now...so who knows....we rally some more...or we drop....
KG4,
Do you have to tell us EVERY thought that goes through your mind? Maybe you could take this to the Free Association for Investors Thread?
Dr.Id@theguyneedsaneditorbigtime.com |
