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Oil is up but that does not justify the current gas prices. Refineries are controlling the gas prices and not the exporting countries. It reminds me of Enron controlling the electricity in California and shutting down the generators to jack up the price.

Increasing tax is not the solution. managing the budget wisely and using the budget in the right way is the key. You can increase the tax to $20 and then blow out the budget by blowing out everywhere with that budget. You will end up in the same place.

Do you mean the big oil companies?:eek:

Believe him, short covering can be heavy sometimes. I call it a combination of short covering and (retaliation and frustrated) greedy buying

I covered my short positions today. I think many shorts were forced to cover today. I know we are close to a big correction (maybe tomorrow) but it hit me hard and I should have done it sooner. My big mistake. I am surprised of myself of making such a mistake on holding on my shorts after 13...

Many of us want to prove the gloomy side of the economy to prove that the correction or market reversal is coming. I just believe the opposite. There is no need to do that. Market is going much ahead of a good economy. My 401K is up 12% YTD which is too much. Market can not go up %2 a week even...

I was one of the victims of that stock. That was a big blow to me in my early years of trading. Lost 13K on that. The stock went from $18 CAD to $2 and then to 5 cents and then got delisted. That is why I always like to short than buying. 70% of the time I am short. I prefer to find overpriced...

We have lots of rambling cash in the market and not enough stocks to buy. Market needs some crappy startup stocks to play with. We need an Enron or Bre-X Mineral or Worldcom.

My understanding of the topic is not deep but I know that in dark pool you pay commission. I heard it was up to 5 to 6 cents a share. The article mentions 2 cents. I also believe that dark pool reduces the volatility in the market. Dark pool trades are recorded in the stock exchange but they...

My thread may not be suitable for this section but I just want to fire away my question in case I can get some help. I have an idea on how to make secure transactions and reduce credit card frauds. My idea can be used in wide range of applications. Brokers can use it to reduce account frauds...

I will change the trend. I started shorting today. Full force to shave off 10% of the market and then go sideways till October and then down another 5%.

I guess the number of shares also depends on your account value.

I will put an order for 2000 shares at $55.

I am not following Cramer at all. I am stuck in my own $%^! but if he has 40% of his calls wrong so what? If he can be right 100% of his calls, we won't have market. It would be just sit home and just listen to him and at night get rich. The good thing about his program is his passion. He...

Would you consider beefing up your profit (or reduce the damage) by selling covered PUT 50 May since you are short?

Maybe that was a response to senator McCain's comment in his presidential campaign.

AMZN is a great company and an extremely great short candidate now.

ByLoSellHi once again you nailed it. I believe AMZN should have a P/E of 10.

Ditto. The key to profit is the patience. I believe most of the run up today was due to the panic short covering.

Shorted more at 54.32. Now it is 55.20. How far it will go? I will be patient.