Monday, November 16, 2009

Back from a little break

market still in full go-go mode I see... supported by the dollar continuing it's dump - down another 0.5% this morning... who knew it was this easy to work the stock market up and help the wealthiest people by hurting the poorest...
Posted by The Honest Trader at 7:41 AM

6 comments:

  1. The Honest TraderNovember 16, 2009 at 10:33 AM

    well as most of my stops were triggered last week on my shorts i will still look to short the market. i imagine today many longer term shorts "gave up"

    maybe 1120 S&P is where i dip my toe in again

    at least my commodities exposure is keeping me afloat (gold, silver, ag, etc.)

    ReplyDelete
  2. AnonymousNovember 16, 2009 at 5:01 PM

    HQS trading below book value. RINO is an awesome stock... wish I had held it beyond $20.

    ReplyDelete
  3. The Honest TraderNovember 16, 2009 at 5:38 PM

    RINO is a great stock

    ReplyDelete
  4. The Honest TraderNovember 16, 2009 at 5:48 PM

    the best reason to buy stocks now is the momentum

    and it's hard to fight it here at year end when I am sure the funds will want the market to stay at these lofty levels. maybe shorts will have to take a back seat until the new year or maybe forever as the dollar tumbles to zero

    ReplyDelete
  5. AnonymousNovember 19, 2009 at 7:03 PM

    What do you think about TBT? I was thinking of buying at 44.

    ReplyDelete
  6. AnonymousNovember 19, 2009 at 8:16 PM

    Safe bet. I would short the long if I could but this is the next best thing. Holding these for the long hull kills returns but the ultras aren't too bad.

    ReplyDelete

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