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If you look at the level 2 lineups, you can see that once someone decides to get rid of a fair portion of shares, the bid will be run down sub 4. But as you said, this was a short-cover rally, and the fundamentals of this company are piss poor.

Believe me I would never follow anyone's advice blindly on a message board. For the record, I shorted a few shares of ZLC @ 4.80 or so, going to ride it out with buy stops.

Exactly... I just wish I had enough capital to continually buy up the dips though. There are a few PRIME short targets out there right now, good stuff.

Good stuff! I liquidated and then bought into F @ strength of 3.40.. currently almost at 4.00. The taking is good fellas!

Thanks for the sound trades my man, I am going to short some of these companies I will let you know how it goes.

I think what's been said is mostly right, to the effect that AZO is sitting on a large inventory yet these are items that the demand is not necessarily dwindling for, only slightly nuanced by the current crisis. Replacement parts/engine maintenance accessories/breaks/etc are all very high profit...

Hey man, I gotta give you big ups for this post. Had I been here oh say, 12 months ago, and had seen it, I probably would have made a killing. Good luck to all!

Dow down almost 100 points in premarket, I got out but I'm looking for some nice dips to buy back in @! Should be a great day. Have fun guys.

Thank you for the update, today is going to be a good day. Just out of curiosity, which PIVOT do you tend to usually go off of out of the 4 given?

looking like a good short right now

I'll be profit taking on my swings Monday, feeling it out, have a few shorts I'll probably follow through with

I share only half of your optimism-- the positions I'm swing trading in (URE/F/UYM/WFC) are all really overbought, so I guess I have a bias to profit take, but at the same time I think tomorrow will be a really decisive day as the S&P tests 850

Just curious, how many of you are going to be sitting out Monday? I'll be profit taking pre-market half of my positions and seeing where the market goes. Watched this: http://broadcast.ino.com/education/what_now_sp500/?campaignid=3 , seems fairly feasible to at least experience a brief...

Ahh, I see what you're saying. So essentially the MOODYS / S&P rating have been the impetus for this price/book value disparity. I guess I'll stick long in this stock with hopes of some more deregulation; I think if the stock becomes independent of these near junk status ratings it'd probably...

Thank you! That makes a lot more sense now. So you people are considering a strategy to simply short both, banking off the sideways price decay? Seems like a pretty solid bet--but how long are you considering holding these positions? In your post you cited they were held last trading day for an...

Now I know all of these insurance companies are mostly smoke and mirrors right now, but so long as the illusion is willing to perpetuate itself, I am willing to make money off of it. What I don't understand, however, is HIG's Price/Book of .28, compared with their industry's average of 1.16...

I still marvel at the fact that with Bush's 80% approval rating he didn't conquer the Capital Gains tax...

I see what you are saying but isn't the salient NAV a way of insuring against this? People will know the underlying value of the ETF, and so long as volume is moderate, will it not be maintained? I don't understand how price decay can occur so long as the NAV is public.

I understand what you are saying about equally leveraging yourself into two corresponding short/long ETFs, but I don't understand to what end? Would not a loss in the short ETF simply mirror an equal gain in the long ETF? Or is there a discrepancy that you guys are looking to bank in on? I...

Looks like Monday will be a tipping point...