Recent content by TraderDrake

They are shorts, until they are longs. Simply the trend of the 200 day MA.:)

I'd buyfor shoert term bottoms, possibly, but long term bottoms? That could be years out, who knows? In that case, just keep buying and buying forever. Not being sarcastic, it's just that the 200 MA's are finally rolling over in all the indexes (US), and that implies weakness (or sideways...

I'm not predicitng which way we go, but this sounds like you're "married" to an opinion. Careful, this can be dangerous. When things go down "for no apparent reason", you'll discover the reason in the near future. :)

Great answer and response. It had become clear from this thread and the last I read ('07) that you have given the whole process much thought and are trading within your risk tolerance. I am happy to see you are minimally affected by comments from others. Stay true to yourself, as that is the...

Don't ever let the negativity on this board distract you from your goal--never! I understand your desire to learn, and it's difficult to tell you how exactly to go about it. Every trader has had to try a million different avenues before they turned successful. Keep trying, asking, inquiring...

Not yet it dosen't make sense. Why pay $26 for something you can buy for $5 in a year or so? Just b/c you have billions, buying today is "not on the cheap", it's just cheaper than it was. People were using thta same argument when BAC made it's first purchase of CFC (down 70%). There is no...

I agree, especially considering the whole issue of the Dubai Ports not long ago. The Chinese are throwing good money after bad through averaging down. Ask Bank of America how that's working out! If I tried to average down once down 70%, my prop firm would cut off my computer...:D

Are you serious about the issue of racism? It hardly exists today, and what does remain is never going away because there are differences between people. Find something more important to whine about! Blacks have had lots of assistance, and they've made strides. What hasn't changed by now...

6 months ago:D

and bonds getting crushed on the news!:D

With Citi's rumored $24 Billion writedown for the 4th quarter, I am not getting in front of that train.:)

Agreed. I use news as a catalyst to enter and exit only.:D

Might not file BK today, but this is how it always starts. There's a reason stocks like this get rumors like this. In time they prove correct, and the charts agree, even if not today.:D

So much for this thread:D

ZB's short are gonna be a great trade long term. I've traded them from the short side off and on through 2007, but will let the FED get done lowering rates (or close to it anyway) before reloading. After that, I will be very short, for a very long time.:D