Sorry to make you nervous Bill. I've posted a number of times here before and believe that I have contributed numerous times in the past. If you remember me, then you'll know that I haven't taken advice and jumped on it blindly. If you don't, then I'm sorry to assume that you would remember. I take responsibility for my trades, and I try to give as well as get from SI. I'm sorry I haven't done something for you lately, and find your post either stressed or quite rude and off-putting (if stressed, then no big deal). Unfortunately, it doesn't make me want to dig deep for ideas to share, but I'll give you some (in spite of the mannerless and presumptive form of your request) and leave you to share your unimaginable gifts with everyone else.
As far as downside, I think there's a great deal of potential downside left, especially in light of tonight's HK and Globex situation. Here are some of my short picks:
I'd look at puts on high risk finance firms like The Money Store or some banks like Wells Fargo due to what I think will be coming loan defaults and personal bankruptcies. Other short picks:
VVUS - Time has run out for the invasive erection remedy due to PFE pill approval
PRST - Still incredibly overvalued, coming competition
After you feel comfortable on the long side, look at VECO, CTEC, RMBS, QWST, and I'm outa here... good trading. |
