The Surf Report

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Quote from Baruch:

Well done. But how can you stay short and at the same time cut your losses?
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the market is cutting my losses, baruch. meaning i am now down30 but yesterday i was down 60. sorry for the confusion.

best,

surfer
 
Quote from marketsurfer:

the market is cutting my losses, baruch. meaning i am now down30 but yesterday i was down 60. sorry for the confusion.

best,

surfer
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OK. And good luck.
 
it is our contention that the market is settling in at a near term top, hence the erratic action. this is typical and classic action and we are holding the shorts here.

trusting the analysis,

surfer ---stirred not shaken.
 
Quote from marketsurfer:

it is our contention that the market is settling in at a near term top, hence the erratic action. this is typical and classic action and we are holding the shorts here.

trusting the analysis,

surfer ---stirred not shaken.
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I like the position as odds appear w/ you for a very short term pull back at least, but I haven't seen anything particularly erratic of late. As a matter of fact the US markets have been snoozing. For some erratic topping action look at the China contract traded in Hong Kong - HHI, w/ insane 3-4% range each day.

My bet is that we are really only going to get jerked around by US earnings announcements. So, we might get a sharp drop after INTC which will allow you to cover, but net-net seems high risk to me. My s-t play is to fade reactions to the likes of INTC, CSCO, etc. Not prone to hold a large directional position ahead of these announcements.

Any real selloff will be very traditional this year - beginning in the late summer or early fall - not the spring and

Not that you should care ... :)
 
Quote from BlueHorseshoe:

I like the position as odds appear w/ you for a very short term pull back at least, but I haven't seen anything particularly erratic of late. As a matter of fact the US markets have been snoozing. For some erratic topping action look at the China contract traded in Hong Kong - HHI, w/ insane 3-4% range each day.

My bet is that we are really only going to get jerked around by US earnings announcements. So, we might get a sharp drop after INTC which will allow you to cover, but net-net seems high risk to me. My s-t play is to fade reactions to the likes of INTC, CSCO, etc. Not prone to hold a large directional position ahead of these announcements.

Any real selloff will be very traditional this year - beginning in the late summer or early fall - not the spring and

Not that you should care ... :)
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thanks for the research. when i said erratic, i meant not directional in the very short term, sorry for the confusion. stops 2121 compx index.

best,

surfer
 
Hey Surfer, looks like shorts are in the $$ tomorrow. I thought this may happen, bullish up until earnings then BAM! Down she falls...looks like it so far in the after hours. All good things come to those who wait. Nice pickin' Dave! :D :D
 
Quote from zman7854:

Hey Surfer, looks like shorts are in the $$ tomorrow. I thought this may happen, bullish up until earnings then BAM! Down she falls...looks like it so far in the after hours. All good things come to those who wait. Nice pickin' Dave! :D :D
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i think ibm just saved the market.
 
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