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Aaron (and everyone else)- I would like to add hedgeco.net to your list of sites listing returns. I have not listed there yet as I am waiting an ok from my accountant. So far I only have listed at cogenthege.com My accountant says I should only list at licensed NASD members or borker...

I agree. For that matter, I covered all my common today after taking a big fat hit. I am just long those june puts now.

SPX made a high over yesterday and reversed. Lets see how this works out. I think we sucked in a few new technical minded traders, and shared the piss out of some shorts (like me).

I don't know, I think we drop very soon. Gold up 2 beeners now and oil up a quarter.

Gold over the magic 350.... Glad my fund has a buttload of it. Hope the futs open up a few and purge.

I do read Fleck. He is a god.

Hey, I live in New Orleans. My cable is so damn slow that it is unusable after about noon. I am moving down the block and have spoken with COX Business about getting a dedicated line into my house. The prices range from about $300 a month to about 800 for a full T1 line. If I am running 3...

Surf- I meant where in the market would you change your mind and reverse short, or you are long for good?

Lets see what gold does this week. Gold keeps saying that we are gonna turn the dollar into confetti. Do you think that foreign investors will stick around while this happens? Look at our dollar. The smart money is already realizing this and fleeing. I just don't understand why the bonds are not...

My advice to you is to keep at it, find something that works, and then get really good at it. Papertrade in a notebook, and then show your results to someone and hope they'll give you a stake to trade. That's what I did after I blew out my first stake (my own life savings, 600 bucks left in that...

Surf- Quick question. Where on the sp would you put your stop, and bail on your longs?

Surf- You scare me. I really do respect your thoughts on the market. I do not like having an opposing position to yours. A very heartfelt best of luck. May the better man win. In the next few days, it probably will be you. Longer term, I really do think I am right, but timing is everything...

I think that another interesting point is that the financials led this rally from the start. They look tired. On friday, the BKX broke under the uptrend line from the march lows. It looks stalled out at the 800 mark. The other leader was the yhoo/ebay/amzn triumverate. Those 3 look weakish...

First good ET thread in a while. Thanx guys. I have thought about this. I have thought about it a lot. I am still about 80% long. But the longs are mostly gold stocks and foreign ADRs (playing the dollar weakness). I personally think we are headed lower in the long term. In the near term, I'm a...

I personally do not follow tech stocks, so I don't know, but gut feel is that it was massive short covering. I know of 2 good hedgies who were short into the number. They both agree that the number was ehh... maybe a bit better than expected, but nothing much. Besides, the stock is super...

Make what you will of it, but Munder was on CNBC this week. The SEC should spend more time investigating how he could loose 90% in 2 years, instead of hedge funds, but that's a different story. Anyway, he was touting a bunch of internet penny stocks. He even used the words Gramm and Dodd in a...

Thankyou all. Great chart 777. I am looking at all that resistance at 950, and that is part of the reason that I am over 100% short. Markets almost never get through significant resistance after a strong run. The stoch on the daily is over 80 still. I think the Stoch is a great indicator, and...

I don't know what to think. Bonds say the economy is weakening. The movement in gold and the dollar says that our economy is also weakening, with a chance of increased inflation. Yet the market is saying things can't improve. Only one is right. You take your pick. Gut feel is that stocks...

He is just hedged, he thinks we're in for a correction, and he sold out some inventory, but he's still bullish. On the other hand, I an VERY negative. My fund is long June SMH 25 puts June SMH 27.5 puts June GE 30 Puts and short AOL GM KRB JPM C HDI FNM That and a...

I disagree. He's bullish, no doubt. He has his reasoning, and he has served for reagan (our best president in since TR). I think he knows what he's doing, unlike cohen. I just think he'll be wrong this time.