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Indeed in commodities, rates, forex, but in stocks??? I hate being short stocks,
as one needs to really know the books to bet against a company. I don't, so I
let go. Plus you need to borrow the shares, which can be a problem at times, not
speaking of takeovers.
Gwenn
Ira Tunik wrote:
> Everyone is talking about getting out early or buying a high degree of
> risk. This seems to be a one way conversation on only one aspect of the
> markets. Buy, buy, buy. I would venture to say that in the past six months
> as much money was made going short most of the stocks rather then chasing
> the few that carry the high tech sector. How would you have done with a
> short in G, DIS, UTX, BAC, KO, S, LLY and dozens of others. You would have
> doubled your money in many with less risk then trading the high flyers.
> Didn't your mama tell you look both ways before crossing the street. The
> same applies to the stock and futures markets. There are always 2 trades,
> up in down, in every asset that you look at to trade. So follow your mama's
> advise, look both ways for greater profits with less risk. Ira.
>
> Gwenael Gautier wrote:
>
> > That's it for me...
> >
> > Deep inside me I look at these markets, and think "Geez" even in 86/87
> > it wasn't anything like this. There wasn't one day since the beginning
> > of the year where I hadn't one holding moving up at least 10%, sometimes
> > 50% or more. Never before did I see that sort of thing. I got into the
> > market in late 98, out in early 99, back in late 99, buying into this
> > stupendous worldwide tech and Nasdaq frenzy. I wondered over y2k, and in
> > the end stayed fully invested all along. But this is no longer a stock
> > market, more something like lumber or orange juice commodities. That's
> > also how I've traded it, but today I think that's enough for me, I am
> > getting tired of being on the edge of my nerves every day. When I look
> > up things to buy, I can't find anything or almost anything anymore but
> > the really speculative sort, leaving me only the option to buy top
> > companies, but at really top dollar, just hoping to sell it even dearer.
> >
> > So I guess, I'll leave the table. If it accelerates one more time from
> > here, I will probably hit and run again a few times for little change,
> > but if it doesn't, I'll just wait till people scramble to sell so I have
> > again trouble chosing what to buy for overload of top choices. Following
> > every hot party ,there is always "a morning after" . I'll just sit back
> > and rest from the stock market now, it's been a wild time, thank you...!
> >
> > Ah yeah, one last quote I saw in some newsletter: "one must have
> > experienced the fear of God in wednesdays Nasdaq rally" There are no
> > shorts I suppose in this market, hence no one to pick it up, should it
> > start taking profits. NO ONE. Indeed shorting is totally crazy, that's
> > why it might turn out quite rewarding for the one hunter who will
> > succeed in getting it correctly.
> >
> > Best to all
> >
> > Gwenn
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