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Strategies & Market Trends : Raptor's Den II -- Ignore unavailable to you. Want to Upgrade?


To: Prophet who wrote (944)5/6/2003 3:52:37 PM
From: Jack of All Trades  Respond to of 3432
 
My comment was only the part about the selloff, I don't find it that big that's all. I'm not trying to say we go higher or lower. Days like today I like to step aside and let the market figure out what it wants to do first... I am just scalping the es for a couple pts here and there...

In the same amount of time (40min) we have retraced half of the dump...



To: Prophet who wrote (944)5/6/2003 3:54:50 PM
From: johnnaper  Read Replies (2) | Respond to of 3432
 
Prophet - Thanks that make me feel better -- I only lost $10,000 today being short (measured from yesterdays close) instead of the 20,000 I thought I was going to contribute. The only problem is that I need a decline of 30% to breakeven on the trade study shorts.



To: Prophet who wrote (944)5/6/2003 3:57:07 PM
From: Kirk ©  Read Replies (1) | Respond to of 3432
 
Cisco isn't the last. HPQ announces in about a week. If they continue to do well and see any uptick, it would be over for the shorts. Of course, if they announce unexpected layoffs or revenue shrinkage... it is over for the bulls.