Big Dog's Boom Boom Room Message Board

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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: CommanderCricket who wrote (99416)	4/18/2008 2:58:00 PM
From: GREENLAW4-7	Read Replies (1) of 206085

Michael, I already hold 60% short. I will add either by end of day, and or monday to positions. VIX is telling me market very overbought, and I like to short overall market when VIX goes below 20. I do a basket of shorts and back it with insurance calls if they are not too expensive. I have stated before that the weakest sector fundamentally is the service sector, HAL, SLB, SII, WFT, CAM, and BHI. If you want a small percentage move to the south short or buy puts on RDC, PDE, and or ESV. But the servie names move on a % basis more. ( ie. today's 7% move) I also like DUG long. No reason not to take profits after todays move.

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