Looks like it is a go!

[friendly_jacek]

Re: Looks like it is a go!

Not a good idea

Why not? I went long a week ago and up 30+% on financials. Was 100% up on Friday but too greedy to sell. This is strictly short term speculation though.
Smart people made 500% on FRE alone, but obviously I was not smart enough for that.

Long, term, I still keep my PM, miners, and energy stocks.

[Tulpen]

Re: Looks like it is a go!

Why not? I went long a week ago and up 30+% on financials. Was 100% up on Friday but too greedy to sell. This is strictly short term speculation though.
Smart people made 500% on FRE alone, but obviously I was not smart enough for that.

Long, term, I still keep my PM, miners, and energy stocks.

Financials ran up a lot in the last few days, I benefited from that by going long however now "every idiot" is going to think that Monday is going to be the mother of all financial spikes.

Went short financials at today's close.

[Supercilious]

Re: Looks like it is a go!

Went short financials at today's close.

I don't dare to touch financials in these conditions. I did Bear, Fannie, Lehman and AIG, with pretty good success. But now it's crazy because everything is cooked.

If you have guts to stay in this market, that's good but stay very alert. These are the times when people are getting rich or poor over night.

[Tulpen]

Re: Looks like it is a go!

I don't dare to touch financials in these conditions. I did Bear, Fannie, Lehman and AIG, with pretty good success. But now it's crazy because everything is cooked.

If you have guts to stay in this market, that's good but stay very alert. These are the times when people are getting rich or poor over night.

At least there won't be a short squeeze rally on Monday ;)

[Tulpen]

Re: Looks like it is a go!

I don't dare to touch financials in these conditions. I did Bear, Fannie, Lehman and AIG, with pretty good success. But now it's crazy because everything is cooked.

If you have guts to stay in this market, that's good but stay very alert. These are the times when people are getting rich or poor over night.

Covered my short.

On the sidelines now.

[Tulpen]

Re: Looks like it is a go!

Just took a small position in long financials, AIG and emerging market. A small bet the market will bounce back.

[Tulpen]

Re: Looks like it is a go!

Just took a small position in long financials, AIG and emerging market. A small bet the market will bounce back.

LOL, I closed my positions and actually made a small profit despite the fact the that bailout package was not passed.

All in cash now.