Happy Thanksgiving BOTD! I made great gains yesterday (4%) by following you on your bull basket - ROM/SSO. However, how did YOU make money whilst you were simultaneously invested in your short plays (EEV/etc)..? I'm confused! Thanks again!
UNLESS, inflation train becomes officially rolling. Then there's a chance. Even if the inflation train rolls, companies will still have bad results, sending a lot of stocks downward , so what I'm saying is there's still a lot of down-side potential!
we were NET long. our gains in SSO, ROM, DIG, recent wins in FAS and BGU outweigh the big losses in the 4 amigos, srs, eev, etc. this rally looks like 8800, 9200, then 9600?
JD, agreed. this rally is to be shorted.
p.s.
as "BOTD commented above" ....
don't fight the rally.
its one of those "we shouldn't go higher, but we are" rallies.
nibble at the short plays, dont jump all in.... we'll get them all cheaper next week.
Frontline Plunges After Missing Analyst Estimates for Profit Email | Print | A A A
By Alaric Nightingale
Nov. 28 (Bloomberg) -- Frontline Ltd., the world’s biggest owner of supertankers, fell in Oslo trading after missing analyst estimates for third-quarter profit because it failed to lock-in rental rates before the market plunged.
The shares fell as much as 21 kroner, or 9.4 percent, to 202 kroner, the biggest intraday decline in a week. Frontline traded down 6.8 percent at 207.75 kroner as of 9:36 a.m. in Oslo, valuing the company at 16.2 billion kroner ($2.4 billion). The stock has dropped 20 percent this year.
This little rally on light volume has been great. Dont forget to take into consideration that it was the end of the month window dressing, holiday trading, and we were extremly oversold. Perfect set up for a little rally
I would be taking all long profits today. Do not believe the bullishness hype.
The downward pressure will be back next week and we will erase all of the gains from this week.
You have been warned.
p.s I hope you shorted FRO-I know BOTD did....well done.
18 comments:
FYI
we are up
ROM 28.37%
DIG 34.42%
SSO 30.52%
stops in place. we win.
Hey i saw your last post
where is going to be your biggest short?
faz? eev? im going to get ready for this one
if we can get SRS in the low 100's,
we'll load up the short bus.
spec breakout trade in $V
don't fight the rally.
its one of those "we shouldn't go higher, but we are" rallies.
nibble at the short plays, dont jump all in.... we'll get them all cheaper next week.
DONE!
NEW SHORT: *$FRO spec puts* earnings FRIDAY. DEC 25.000 PUT(FROXE)
...hat tip StockHustler.
i should of got fas
for a fast trade
as promised.
The Rally. hmmmm... $SSO, $DIG, $ROM
looking to sell 1/2 at the buzzer ... $SSO up 36.61% , $ROM up 33.31%, $DIG up 44.35% since our "O" bottom buys last friday. cheers!
sold 1/2 long basket at the buzzer. go team. $SSO, $DIG, $ROM.
Well DOne!!!
I'm just one lonely passenger, patiently waiting for the driver of the short bus to fire up the engine...
Happy Thanksgiving BOTD! I made great gains yesterday (4%) by following you on your bull basket - ROM/SSO. However, how did YOU make money whilst you were simultaneously invested in your short plays (EEV/etc)..? I'm confused! Thanks again!
BOTD. O bottom will not hold forever. Beware.
UNLESS, inflation train becomes officially rolling. Then there's a chance. Even if the inflation train rolls, companies will still have bad results, sending a lot of stocks downward , so what I'm saying is there's still a lot of down-side potential!
DOW 6000 possible.
Eric,
we were NET long. our gains in SSO, ROM, DIG, recent wins in FAS and BGU outweigh the big losses in the 4 amigos, srs, eev, etc. this rally looks like 8800, 9200, then 9600?
JD, agreed. this rally is to be shorted.
p.s.
as "BOTD commented above" ....
don't fight the rally.
its one of those "we shouldn't go higher, but we are" rallies.
nibble at the short plays, dont jump all in.... we'll get them all cheaper next week.
p.p.s. Happy Thanksgiving all.
Frontline Plunges After Missing Analyst Estimates for Profit
Email | Print | A A A
By Alaric Nightingale
Nov. 28 (Bloomberg) -- Frontline Ltd., the world’s biggest owner of supertankers, fell in Oslo trading after missing analyst estimates for third-quarter profit because it failed to lock-in rental rates before the market plunged.
The shares fell as much as 21 kroner, or 9.4 percent, to 202 kroner, the biggest intraday decline in a week. Frontline traded down 6.8 percent at 207.75 kroner as of 9:36 a.m. in Oslo, valuing the company at 16.2 billion kroner ($2.4 billion). The stock has dropped 20 percent this year.
Just so you all know-
This little rally on light volume has been great. Dont forget to take into consideration that it was the end of the month window dressing, holiday trading, and we were extremly oversold. Perfect set up for a little rally
I would be taking all long profits today. Do not believe the bullishness hype.
The downward pressure will be back next week and we will erase all of the gains from this week.
You have been warned.
p.s I hope you shorted FRO-I know BOTD did....well done.
hmmm... $FRO 28.99-4.02 (-12.18%) ... holding *DEC puts* , and it's not really working.
patience for profits.
CHK- BUY THE DIP
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