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As I said last night, buy TZA. It can go to $17 in 2 weeks. FYI: TZA is 3 times bearish Russel 2000. Russel 2000 is way overvalued compared to S&P. It should drop harder than market. As I write this TZA is up to 13.89. If you look at its chart, it has enormous room to go up if market keeps...

I hear everyone is talking that deal can be reached easily if both sides meet in the middle but they don't see the big picture. Although they might agree on the size of the cut but they are far far from how and where the cuts should be applied. One side wants to cut on healthcare, schools...

Perfect :)

All my money will go to long TZA at 4:00am when the market opens. Russel 2000 will tumble much much bigger than S&P.

Monday morning Quarterback :)

Not Apple related but when trading now also consider that market is very weak and you should expect sell off soon. Leading economical news like consumer sentiment, retail sales, CPI, all will be negative. Market indicates a sell while we have an up day as of now. ES Dec is 1426 as of now but I...

I believe market will go down after fiscal cliff is resolved. However I believe S&P 500 is more safe than Russel 2000. That is why I recommend buying SPY and selling IWM. If you have noticed, IWM has recently outperformed SPY that it should correct itself. Trade equal dollar amount on both...

Today ADI was downgraded by CITI and it is trading at 41.41 now. Much much more room to go down. It is only my opinion based on my long term experience with this stock.

For many reasons. A few of them are: 1- I believe market will pullback even after fiscal cliff is resolved. 2- Their next Q (based on the company's current report) will be 6 to 12 percent down. 3- Retail sales are going down. Restaurants are warning. That shows that consumer spending will...

Just an update on my short position. ADI is up $1 since my last post. I keep shorting more shares and selling covered PUT 39 and $38 for Dec @ 0.15 and 0.20. I am confident on my position. In less than a month, we should see ADI around $39 and maybe lower.

ADI went ex dividend today so the fear of shorting and paying dividend is gone. It is trading at 40.37. I believe it is the perfect time to short it at this point. The good thing is that you won't get burnt because of possibility of the stock jumping up. The 38 PUT option activity for December...

Brokers should provide the shortable stocks (stocks to borrow) list on their website. I know IB does. If they cannot meet your reuiremenst, then I would look for a smaller broker which much higher commission who can do the leg work for you and find your stocks but as I said with much much higher...

I cannot change your opinion on me and I don't plan to do that. I did not change my trading strategy and I did not claim anything new. Please go back and read my posts on this thread way back. I always said that I don't short and leave my trade unattended. I have always sold PUTs when I was...

By the way, I believe that if a deal is reached on fiscal cliff, market will sell off. I think just the opposite of how market believes.

On the buy side, if you expect the market will pull back from what we are here, consider buying TZA at the current level (15.18). TZA is a 3X leveraged bearish Russel 2000. So be careful. Note: TZA just popped up to 16.60 yesterday so it is a good way of getting rich fast for those who wish...

TGT (Target) is another stock to consider shorting. It gapped down at open and then creeped up and now it is almost flat. The sales were not good. Expect more pull back in the coming days. Now it is traded at 62.80

Check out ADI. Based on their Q report, the next Q's revenue will be down 6 to 12%. I believe it will drop to $39 and below in a couple of weeks. For day trading the target can be $40.20 For swing traders the target can be below $40. The Ex dividend date is Dec 5th. The divident amount is 30...

Just a final note: Today (11/28) YHOO "might" go under heavy short selling and profit taking. You might want to take advantage of it.

Was not that great because YHOO was going up. It was about 25000 in the last month. My TZA trades were much more profitable than YHOO in the same time period.

By the way who cares if I lose money in selling the shares short. Because of that short, I shorted Jan 17.5 PUT for 0.7 and covered today at 0.2. I sold Dec 17 PUT for 0.35 and covered today at 0.05. I sold 18.5 PUT yesterday at 12 cents and covered today at 5 cents and on and on and on. I was...