In Play: MS (short)
Here is a good short for newbie shorters. With all the trouble at their hedge funds and the market down nearly 200 points, MS is a no brainer short.
posted by Nick M. @ 12:03 PM
Thursday, July 26, 2007
About Me
- Name: Nick M.
- Location: United States
Hello and welcome to my blog. My name is Nick and I am a recent graduate of a top research university. I currently hold a BA degree in Psychology. My main interests are industrial/organizational psychology, HR management and of course, securities and the financial markets. I became interested in trading and investing in stocks a few years ago by pure chance and curiosity. After learning some of the basics in 2003, I began to trade in full force in 2004. Although I've been trading for only a few years, I have learned much about stocks, and analyzing charts in this relatively short time span. My experience and chart reading skills are my edge in successfully navigating the stock market. My strategy and discipline is a blend of trader and stock picker. My style of trading has helped me find some of the current markets top winners in their infancy. In addition to my own personal trading and investing, I also manage assets and portfolios for close friends and family. My goals are to continue to improve and refine my trading/investing strategies in order to further enhance my performance in the market. Eventually, I would like to establish my own investment/asset management firm.
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2 Comments:
So you think there is still some downside with the Financials? I sold my SKF (shorts the sector) today thinking much of the air has been released. Plus CNBC is all over the sector melt-down, meaning a bottom may be close.
(the former ian993)
Still too early to tell. Who knows if this is a moderate correction (that will result in a new upward trend) or the begining of a downtrend that may last for months? All I know is that the financials still have more downside to go. Although they bounce up in the upcoming days (due to over sold conditions), I still think that the bounce will be short lived and that they will head down for a bit longer. We'll have to wait and see what happens.
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