Bull Trapping Part II or Sell the Bounce

Quote from krazykarl:

don't hate.... :)


aapl for the win!


edit: anyone else notice the "quiet" rotation out of some blue-chips today?
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No, I want everyone to make money. The more the better.

Apple is a great stock, in its own universe. What a great, dynamic, creative company.

I wish I had bought it at $10. :)

I have noticed money leeching out of blue chippers today, too.
 
Quote from duard:

My permabear status has been hurtful insofar as the long side has been more profitable as of late. I've been sidelined for much of the most recent rally. Yesterday my quote as to "big money buying here" 09-19-06 05:18 PM

Although as I am posting now some big money is covering. did not result in a long swing trade as I sat that swing up out. Oh well. May through July was of course a different story.

Thanks for the input I'm gonna go soak my head for a little while in the cool ocean and see what this p.m. brings.

Good Luck
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I have made sizable profits since re-entry in June (19% on a rotation of about 17 holdings - I'm down to 3 right now, with five option positions).

I'm fully comfortable sitting out now until we get a pullback.

I do not want to participate in ten ways to sideways.
 
So we sold into Friday. Certainly oversold in the shortterm hence the strong bounce into thge close. But the teetering brink of recession is bringing the reality home that everything is not hunky-dory at least in all areas of the economy.

So what's up for next week.

Data mining would suggest the next 5 days are about as bad as it gets going back 50+ years. Mondays are not usually great either. Data lately has been very spotty as to fuel to spark a rally. etc, etc, etc.


I could be wrong as I have been so many times before but I'm still having a very hard time pressing anything long. At best neutral and mostly short.
 
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