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Best of luck. I'm in GME from 31 and I agree with it being a little bit of a longer term play, atleast until the Xbox360 and PS3 are released and the big games and apps start rolling out for it.

What about the fact that NYSE short-interest are at all time high's?

Bearish sentiment at the top usually means a short squeeze is coming which would explode stocks higher obviously. Usually after the squeeze though the markets get faded and the uptrend ends. So we definitely could spike up in the coming weeks/months but if it turns out to only be a short...

I hope you're right--I'm positioned for a continued uptrend or upside explosion, or whatever way it pans out. I am still trying to find an intelligent way to hedge these positions but I'm still weighing my options.

I'm not in AAPL really long term here. I'm hoping for a nice little spike here in the coming month.

Best of luck Bitstream--I think the price action has been nice of late and I'm long here with a stop at 45.2 And Iceman, yes my setup is complete and I will not be pulling out of the trade until I am stopped out on the downside or the target is reached on the upside. Apparently you think...

Ice, get a life. My setup needed today to be positive and it wasn't. So I was wrong and still made money. If you're so confident in yourself, post your account summary for the year so far and I'll post mine and we'll see who has the last laugh.

Yes I do think AAPL will outperform--I put some big size on the trade and I really think it will head higher if the overall markets don't self-implode.

I never said I was bearish--I took a big long position in Apple at the beginning of the day. Having said that, I'd like at this point to be market neutral.

Ok.. well today's action made me exit my Long position in the russell with very little profit. My setup didn't complete, therefore, I was wrong. I transferred out of the Russell and am now heavily long Apple from this morning. My question for you bears--which stocks do you feel are good...

Nihab! How does the daily hammer on the Russel look to you?

Well it's good to see the sentiment on elitetrader is more bearish than bullish--that always instills some more confidence in my position.

We shall see kids

The price action speaks for itself. I don't want to hear any fundamental arguments here--the bottom line is, the bears have had their chance TWICE (the London bombings and now Katrina) to slaughter this market and both days the market closed near high's. I think we might see a very impressive...

The Russell is at "London Bombings" support levels.

Equities tanking and Crude Spiking and it's 630pm on a Sunday!!! Damn hurricanes

Do you guys not feel like there is any edge at all in the theory that it is more likely to close on the high's of the day following important economic data?

When are trend days in the market most likely to happen? When are days when the market closes at or near high's most likely to happen? I can't really see any edge in holding your position to the close unless there is some reason to believe that we will be closed at or near high's of the day. The...

Ok I took profit on DNA because I want to put my money to work elsewhere. With the money from DNA I bid some JOE (St. Joes) at 78.44 with a 73.00 stop.

"Technicals (on the daily chart) can drive the market for weeks, a month maximum, but fundamentals take over after that" Given the above statement, it seems to me technical analysis is a great tool for short term timing and short term timing only.