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Its always been my observation that once I decided to go long on a position, guidance comes out contrary to my position. It works every time.

I knew you had good week when you post it on Friday. Good Job! I want to be like Neke. Your journal has kept me entertained for 2 years now. Thanks and I hope you keep on posting.

I wouldn't feel to guilty. It was not long a go that they were making $10,000 margin on their Tahoes and Suburbans. BK helped the airlines, it will help them also.

Only if your entry point is spot on. Stops are the easy part. Its the buy that is the tough one.

Your at the wrong site buddy. No one here at ET has ever made a bad call or admitted a mistake. :D

You might be right? It seems that the market has decided 7500 is the floor. After tomorrows number, It should be around that level. In my neck of the woods NBay CA. it sucks for work right now. I'm in the construction sector in one of the highest price neighborhoods in the country. Even the...

Classy response asshole.

I still think we need to test 7800. I hope you are right.

As a guy who has been married for 16 years, the only way I would ever get married again is if WE were both totally broke or WE wanted to have kids. Since WE were both amply qualified for this we got married. If I didn't want kids or had some cash, there is know way I would ever get married...

Over the last 15 years I have been using sub prime loans to run my life. I'm a self employed general building contractor who has maintained an excellent credit record (780 fico) and paid all of my bills. I used to use sub prime loan products to finance the homes that I bought. These are now...

Call me stupid but I still think we need to close at dow 7700. After that happens than I would be more interested in going long.

Right now i'm trying to figure out how to short the "green movement". It seems to me that people will only go along with the movement when they have the money to spend on it or cost is not an issue. Right now they don't have the money and cost is a major issue. With oil dropping to $50.00 and...

Where did I put my knife?

Now for the dumb question. Why do you look for a correlating stock, is it for risk management, or some other terribly obvious reason that I don't understand?

I just bookmarked the thread. This should be interesting, good luck.

You could always get Trade The News for a free trial. The down side is you can't get it off when the trial ends. It crashed my system so hard I had to reboot from disks.

CNBC had the market closing at 1:59.40

What a bunch of tools.

What was interesting about Neke's Journal was he documented his trades. It added a certain amount of validity to his post. Maybe you should do the same. Good luck :)

Is it possible to open a boxed position on it than sell the long position once you have obtained the short position? :confused: