Hi Joan; I'm with you, if we get a panic it all goes down to
fast..the institutions can get out before the stock is allowed
to open to the puplic..as bids and asks have to matched first
by the time it opens it does so at best bid left on the table,
if enough gets sold off and your short you can be bought in
by your broker way before it hits bottom
..as to much of the lent out stock just vanishes
if some fund like the kaufman fund who lends stock to brokers,
has to sell, he calls in that lent out stock, at that point,
and if it's your broker then he has no choice but to buy you
in, the idea you will ride her all the way down don't work in
a panic market..the avalibity of stock to borrow drys up
as the big funds sell off..and when it does your bought in, and all you can do is take your brokers word that he did the best he could for you, and that is usually a lie..as he bought you in before he bought himself in.
In extrem cases I prefer puts to going short..if I can find
them were they are not to high..true the comis is more and
the spread gets you, but it's good all the way down and has it's
own stop built in as all you can lose is the premium,
right now cheap puts are hard to find. :-(
Keep an eye on ADBE..calls I look for her to come back..have done well
with calls on her in the past 3 times running, they will play
hell killing her..it's to soon to say about ZOOM..she is not
going to die..but may make a double bottom, if so thats one
I like, because I know the product is really good..in fact I'd
rather have a zoom than a USRX, ( USRX has lived off her press
clipings for too long, and is really not all they crack her up to
be ) any way the 56flex beat the x2 hands down in most situations,
both are over rated and won't do what people think they will,
it's 56K ( well 53 really ) but one way only, the other side is
28K..I'l stick with the 36 till things get better or we go
wireless.
I will be bottom fishing before long, but not yet..keep an eye
on Korea's WON..if the IMF gift to them, which really will go
to the Japaness via them happens to work and Japan lets them
come up for air then KEF a closed end fund will roar back.
but there is a lot of if's just something to watch for now.
When the Yen starts up or, the pound, swiss frank, and ue
fall in respect to it..the stocks will rebound in japan,
don't measure the yen value just aginst the dollar, Japan
may support the dollar as they have a couple trillon of them,
however the may short Europe...:-)
People think there is infaltion in Japan but it's smoke and
mirrors, they play lame duck a lot..the peasents may panic
but the vidios I saw of the movers and shakers, was one of
smugness almost glee. They sitting on a lot of hidden stashed
cash, and not a lot of it's YEN, in fact I bet they have truck
loads of Swiss franks about now..and will buy up the WON before
it goes up much..this will consolidate their hold on Korea,
They run the country..we pay for ir , nice and slick on their
part, they lose the war but wind up takening over half of
Asia while we pat ourselves on the back they laugh at us behind
it. If things don't turn around and we don't get off our ego
trip our grand children better learn how to speak Japanees :-)
----------------------------
If the dollar starts to fall a small bet on PCU could pay off
nicley, copper is depressed right now..but more money will be
made in the copper market than in gold, AR is getting to her
lows too..I'v done good with her in the past..copper won't
stay down for all that long..use it as a monatary guage
it and oil; but aginst a basket of currencys not just the dollar,
if it moves up aginst the basket it's on it's way back, and
will then soon move up agaist the dollar, to many people just think
dollars..btw maybe not soon but around the conner the oil stocks
will take some nice hits..remember they are still living off the
wind fall profits they raked in last year when oil was over $25
a barrel..I was screaming at peo[ple to buy oil stocks, but no
they waited untill the saw the profits on paper..well well..will
they wait to see the drop in profits before they sell..not only has
it came down about $6 but oil cos went on a buying spree and started
drilling every were..meanwhile the ARABS said why are we on quotas,
and the Japanesse went over there and said what are you doing
waiting for all these new wells the Americans are drilling to come
on line, and then what do you expect to get for your oil, better
sell it on the open market this quota thingy will bite you, and
the ARABS listened too..it's a mess but Japan got her cheap oil
and with cheap oil; she can eat our lunch,
ALL real wealth is but the labor of man, were the world made of
gold not one comfort would be added nor would one hungry person
get a meal..wealth is trunly in the labor of man, and goes to
thoes who can controal or enslave it, gold or money is not really
wealth but more like the copper wires are to electricity..thoes
who can controal money and shut off the power or turn it on,
they can enslave the labor, and harvest the wealth..The Koreans
are not going to do what our egotistical missionaries tell them,
they are going to do exactly what the Japanees tell them to do,
they are not stupid they know who has the real power over there.
Don't I paint a rosy picture :-)
take care.
Jim |
