I made back 2/3rd’s of yesterday’s losses. I didn’t expect today’s melt up, but welcome it.
There is more work to be done. I’m always on the look out for innovative ways to capture coin. As the struggle continues, the pressure is firmly on the necks of those who sold short yesterday.
Enter the vise and feel the squeeze. It’s coming.
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Fly, why didn’t you expect the move higher? That was the most OS we’d been in months and even in 2011 we were bouncing at that kind of breadth and large cap % buys
It’s too cliche.
I always sit on the curve.
How about EBIX? CEO denies improper accounting allegations.
Why would I care about EBIX?
I like to surf for companies that fall hard on knee-jerk news, earnings misses etc. In September, I ran a screen on oversold stocks after a particularly wicked correction. Although I often read how traders should look for strong stocks bucking a downtrend as one way to handle a weak market, I found that many oversold stocks on my screen did very well too once the market turned. I don’t necessarily mean crazy strong moves the likes of NFLX, but decent 5 to 7 point moves – stocks like LAWS, PRIM, GDOT, ROVI to name a few. I’m not married to any of these but they made me some coin. That’s why I mentioned EBIX as it falls into that oversold category and itIjust happened to pop on my oversold screen along with FFIV, VMW, FIO, and some others.
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FIRE – looked at it at $41 range before the Chinese hackers news broke. It’s at $48 now.
I have had some luck with these situations also. I have some EBIX I bought above 15 and below 13. I also buy some put spreads for protection in these in case I am wrong. With the high volatility you can also sell some OTM calls to reduce cost. It is a tricky game with accounting stuff. Shorts love to spread FUD on small cap uncovered stocks, problem is, sometimes they are right!
Over the last four years I have noticed that whichever oil service company gets slammed the most during a correction outperforms on the following bounce. I have only examined this with the larger companies, not smaller ones like FTK and BAS.
I recovered all of yesterday and now have whiplash but I will bank coin from housing or the housing market will crash. I have XHB and will try for some ITB tomorrow. Fly may be interested in TAT, the small Romanian oil co. for sentimental reasons and http://www.alef-audio.com is not a stock pick but is supposed to be the finest of the fine.
Fly, did today’s rumor of an Apple stock split tomorrow impact your desire to buy the calls?
2chains says get drunk and buy stocks
sorry I meant “2 Chainz”
http://youtu.be/ZAxCw0XMA8E
… the pressure is firmly on the necks of those who sold short yesterday.
Yes, and last week as well.
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There is no problem with shorting sick sectors, specially in this market where commodities are tanking taking many sectors with them and many countries… 15% short currently.
or should I say long as I use inverse ETFs
Silver is for dinner parties, not portfolios
It’s for bullets.
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Any thoughts on the VHC verdict tonight?
Thanks.