I sold short 3,000 [[CLF]] @ $96.
Disclaimer: If you sell short CLF because of this post, some jerk off will throw a pack of jumping jacks in your car. And, you may lose money.
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Joined Nov 10, 2007
23,444 Blog Posts
Monday will be the little guy panic after long weekend to talk about CNBC and 201K’s. I have no idea what will happen. This is not time to think about the market. Let the market do its thing and trade the tape. Trade small and take quick profits. A large EGO will fuck you good!!!
201k. I like that. 401ks have been turned into 301ks. Soon to be 201ks, then 101ks, then 01ks. Yep thats good.
I covered a third of my shorts today. No question one feels the Market lurking around the dark corner with its two by four of quick death in hand during these extended periods of joy.
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Did you pull the trigger on CLR because it made a lower low on crazy down volume the last two days? Not taking the trade, because I am only comfortable with price patturns (triangles, H&S, C&H, ect), but I am wanting to learn what you saw exactly.
i feel like there could be a decent short squeeze next week assuming oil behaves. i could see the same morons that drove the mkt to 13,000+ coming out again and claiming that the mkt isn’t that bad b/c heavy job losses are not present. I made CLF my focus stock of the day. Traded it around like a fucking monkey — easy money.