Monday, November 26, 2007

Pray for a bounce

S&P 500


Take a look at Brian's video, clearly a bearish view:


Posted by at

9 comments:

ShortDaBull said...

1370 is more critical, imo.

November 26, 2007 at 9:38 PM
Ragin' Cajun said...

Hey Short,

Good to see you, you making any money lately?

November 26, 2007 at 10:00 PM
ShortDaBull said...

Doing alright. Flipping shit fast and staying hedged overnight. Today, gave back most of my morning gains.

Long term retirement account is getting killed though.

BTW, JayC told me that he sees you post all the time on some chat site that he frequents. Good friend of mine. We used to run porn sites together in the late 90's, out of high school. fun times.

November 26, 2007 at 10:37 PM
Ragin' Cajun said...

WallStreak

November 26, 2007 at 10:51 PM
ShortDaBull said...

yeah that's the one. How are you making out? any luck on the job search?

November 26, 2007 at 11:22 PM
Ragin' Cajun said...

The job search continues....

I will be trading with a prop firm by next week, should be interesting.

I'm doing pretty well, with the majority of my money in AAPL. Not trading until I get with the prop firm.

November 26, 2007 at 11:37 PM
ShortDaBull said...

cool beans. be careful with the margin exposure (isn't it something like 20+ to 1 at these firms?).

I've been buying C for my retirement portfolio, started at $34 and am buying down. It has to work out in the long run. UA took a major hit in that portfolio too but I really believe in that one and my cost basis is in the 53's so it's not too bad.

Other than that I've been busy unloading most of my real estate holdings here in Canada. For fear that the market will weaken. Nice returns on those.

November 26, 2007 at 11:49 PM
Ragin' Cajun said...

Sweet.

I'm getting 30 to 1, almost 100 thousand to trade with. I'm happy because now I can buy 100 share lots in GOOG.

If my account was set-up I believe I could of caught about 10 point on the short side of GOOG at the close.

I will be careful, don't want to blow myself up.

November 26, 2007 at 11:59 PM
Anything-Goes said...

don't wait for the bottoms or tops.. ride until it cannot be ridden then reverse..

November 27, 2007 at 4:40 AM

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