Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: SliderOnTheBlack who wrote (20848)	10/29/2002 12:33:06 AM
From: nspolar	Read Replies (4) of 36161

Slider, yah yah but what is the timing? I shorted ACF and CCR last go round, made good coin but covered ACF too darn soon. Won't make the same mistake twice (I hope). I don't know. I'm looking for a double top on CCR here at 55 or 55 plus. Figure it time to toe in there and then skalp a little and build a position. Sound reasonable? Any other good mortgage related shorts? Will mortgage issues outshine homebuilders? When the next downturn starts I'm going to implement a slightly different strategy re shorts, compared to the last leg down. Going to hunt for what I perceive weak stocks and build a max margin short position. My equity will be in longs, gold, hopefully. I then plan to maintain a max margin short position until I think the next wave down is ovah. Going down I'll rotate the shorts from the ones hit to ones that have not yet been hit. Primarily in the DOW and S&P most likely. These two indexes need to get taken out. I left way too much coin on the short table last inning. Going to outsmart myself?

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