Well 3 outta 4 of my longs did fine, SRDX, closed at 40 from 34, Got ANN and ILA for a pt and a half on the bounce. BRCD as much as I like this company, there was no room for a bounce, and I agree, the trend on the SANs with a downgrade for EMC was a mistake, the smart money was on the short side. Tight stops even made that trade profitable. SOX feeling pain here too. That been said, many stocks are near oversold conditions, and if you over expose yourself to the short side, then you may get caught rushing to cover like we had on Monday, and miss the gap ups, always a gamble either way.
This is a traders market, and we have been saying since last Feb, that we have been in a bear mkt for over a year, where all major rallys are shortable.
All are welcome to the room, however, hindsight calls are nice for bar chat, but don't put $ in our pockets. If you are willing to share your ideas, then by all means join in da room and share away....
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