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To: Jacob Snyder who wrote (12580)10/4/2012 1:07:48 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 13403
 
DAL ss 2000 @ $10.10, opening position. Entered orders to short 2000 @ $11, $12. Also entered orders to short UAL beginning at $23 and up. When oil goes down temporarily, airline stocks go up, temporarily. Airline stocks never go up and stay up.

With the S&P500 near 5-year highs, and the VIX near 5-year lows, it's time to reload on shorts. Obviously, I covered my KLIC short too soon (although I made a nice profit). If $11.20 isn't a floor for KLIC, maybe it's a ceiling. $12 is a hard ceiling.