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To: Jacob Snyder who wrote (12305)10/5/2011 12:29:36 PM
From: Robert O  Read Replies (2) | Respond to of 13403
 
ot
I wanted to short tech via a 2x (or 3x) bear ETF about 30 mins ago for DT, but was concerned that DOW would makes its standard run to11k and push me out as I would use pretty tight stops. anyone have an opinion? tia

RO



To: Jacob Snyder who wrote (12305)10/27/2011 10:52:31 AM
From: Jacob Snyder1 Recommendation  Read Replies (1) | Respond to of 13403
 
KLIC ss 5000 more at $8.98; total position -15,000 av. selling price $8.97.

Obviously, I made a mistake not covering when KLIC dipped below $7 earlier this month. I have suddenly had all my time taken up by other activities, so I have no time to follow my positions, except glance at the charts once a week. I'm comfortable with all my short and long positions becoming longer-term. If the market goes much higher, I'll sell my highest-cost long positions when I can get out even. If we go lower, I'll take profits on short positions. I'll wait, till one of those two events happens.