Posted:
#1
Holding nada right now ... cashed outta my inverse ETFs at the wrong the time and didn't make a dime. SIGH 
... Looks like the three major indices told three different stories today. Dow Jones looked strong, Nasdaq looked like dog sh*t and S&P500 was pretty much even steven. One thing is for sure. All three indices were extremely volatility. I see major funds still reallocating their portfolios to more defensive names and selling more riskier growth oriented stocks. This ain't the time to get too ballsy on the long side. My recommendation is for you geniuses to sit the sidelines or entertain the short side of the market. Salesforce.com and Open table look horrendous. Maybe an intermediate short. I made some bucks shorting Salesforce.com ... why i still don't hold this short is beyond me. The big Chinese names look extremely vulnerable too ... SINA, SOHU and BIDU look like they're about to fall off a cliff. FOSL also looks like an extremely delicious short. Just becareful with these ... keep your stops tight and good luck. Remember, tomorrow is mutual fund window dressing day (End of Quarter reshuffle to make their holdings look great compared to its performance). I could see fund loading up on defensive names to cover their @ss so their investors don't ask why they aren't protecting their portfolios. Either way ... volume is expected to be retarded high.
... Looks like the three major indices told three different stories today. Dow Jones looked strong, Nasdaq looked like dog sh*t and S&P500 was pretty much even steven. One thing is for sure. All three indices were extremely volatility. I see major funds still reallocating their portfolios to more defensive names and selling more riskier growth oriented stocks. This ain't the time to get too ballsy on the long side. My recommendation is for you geniuses to sit the sidelines or entertain the short side of the market. Salesforce.com and Open table look horrendous. Maybe an intermediate short. I made some bucks shorting Salesforce.com ... why i still don't hold this short is beyond me. The big Chinese names look extremely vulnerable too ... SINA, SOHU and BIDU look like they're about to fall off a cliff. FOSL also looks like an extremely delicious short. Just becareful with these ... keep your stops tight and good luck. Remember, tomorrow is mutual fund window dressing day (End of Quarter reshuffle to make their holdings look great compared to its performance). I could see fund loading up on defensive names to cover their @ss so their investors don't ask why they aren't protecting their portfolios. Either way ... volume is expected to be retarded high. 0
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