Originally posted by dmk112
Vulcans who short for fun
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Originally posted by RunnerYea we might slide some more, but a bounce is coming in the short term.
Exactly, short the bounces is my suggestion.
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Just scanning some charts, wow, there is so many shorts setting up in the energy sector and even the metals. MM's pick, RIO, is in trouble!
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Originally posted by WebsmanAnd that is why I'm prediciting this bear run to end soon.
It will end but only to bounce and continue lower. May low's here we come!
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RIO triggered today as a short along with some energy stocks. Hope you guys are on the right side of the market right now...
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Originally posted by WebsmanAfter watching todays action, I am starting to agree with you. I trimmed some long positions ans am preparing to go short.
Yes this market is definetly in trouble, but I wouldn't be establishing shorts at this point (maybe a small position) b/c we're overdue for a bounce (that is of course unless you're shorting areas that run independetly of the major indices (i.e. commodiites).
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Originally posted by dmk112Yes this market is definetly in trouble, but I wouldn't be establishing shorts at this point (maybe a small position) b/c we're overdue for a bounce (that is of course unless you're shorting areas that run independetly of the major indices (i.e. commodiites).
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Originally posted by RunnerQuick plan, need to look at it a little better but this is what I see. Currently sitting at a double bottom after a failed rally attempt. This was the first attempt after the nice thrust down off highs.
If this thing does not find support here and this floor fails I think this could become a possible 34.00 stock. Keep in mind those that shorted this first rally attempt might be getting nervous right now and a small pop up could cause a slight panic.
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