SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Heinz Blasnik- Views You Can Use

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LLCF who wrote (2101)6/4/2003 4:27:59 PM
From: Wyätt Gwyön  Read Replies (1) of 4907
 
so is anybody still short this market? my shorts were about 8.5% of portfolio, but the strong rallies have made this 9.5%. not too frustrating because my longs are 66% of portfolio (counting miners) and they are way up, so my portfolio has benefited from the insanity. but i find any old thing i short is like the kiss of death! the more pathetic the stock, the better it seems to do.

i still value the shorts because they will come in handy once the market starts heading down, but i would hate to have been net short these last few months. i am just curious how close shorts are to capitulation.

this is typical in the semis--you could get some serious air by ski-jumping off the ramp on the right side of this chart bigcharts.marketwatch.com

here's another example away from the semis
bigcharts.marketwatch.com
i can only think ramps like this after a months-long rally are fueled by serious short-covering.
i admire people who stick their neck out and nuclear short this market, but charts like this are frightening.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext