A Major Reversal Indicator...Or When Did Short-Selling Become Sexy?

[St. Hyacinthe]

Good Morning Everyone:

A strange thing happened to me last night: I picked up a chick last night who was a corporate attorney for a Fortune 50 firm by telling her that I was short her firm and, for that matter, most of the Fortune 50 since June. She told me that she found short-selling sexy. (And please, boys, keep it down: she is still asleep in the other room.) Nonetheless, when did short-selling become sexy? When did the average American become aware of selling the market short, let alone finding it sexy?

I believe that this market has found an intermediate-term bottom. The moment a member of Joe-public starts speaking about the short-side of the market, it is time to cover your positions and look to the longside (at least through the US elections....the impact of the FOMC will be minimal).

When I saw major US periodicals advocating investing in things like commodities and overseas markets last winter and spring, I knew it was time to get short just about everything. As many of you know, I am just a pussyhound who ekes out a living in the markets (with a confirmed short-bias even in uptrend times, as painful as those may be ).

But, when a lady tells me that she finds short-sellers sexy, I think only one thing: namely, BUY Mortimer, BUY.

Have a Great Day And Remember To Control Your Risk (ie, tomorrow is another day and losing money wrecks your mojo with the ladies),

ST. HYACINTHE

 

[JosephF]

I totally agree. A lot of my trading buddies have changed their philosophies to adapt to the forever changing market. After Google dropped 300 points Long Term gents have been transforming into Short Term traders. Its the evolution of trading.

Joseph F

 

[50_Bip]

Quote from St. Hyacinthe:

As many of you know, I am just a pussyhound who ekes out a living in the markets (with a confirmed short-bias even in uptrend times, as painful as those may be ).

How could we know this since this is your FIRST post.

Picking up corporate lawyer chicks on a Monday night that are still sleeping in your room and blowing off work?? I am going to go out on a limb here and call BULLSHIT.

My good man, you have firmly established yourself as a complete douchebag on these boards.

 

[clacy]

You're a dork, for a couple of reasons.................

First, you pick up a skank and one of the first things out of your mouth is "I'm so fucking sweat and big-time because I'm short XYZ company".

Then you run to an anonymous internet board to tell us that you banged her and she's still sleeping in your bed.

LAME!