I am impressed with all your comments and voting. Thank you for your confidence and encouragement. We also got a few new friends from Latvia, Saudi and Greece, welcome!!!
My duty is to try my best to give you the best advice, hopefully all we can make some money and keep you guys coming back.
Let me ask you one question: if we the people (doesn't matter which country you live in) decided all together one day that we are not going to pay any taxes anymore, guess what will happen?
Well, the answer is -- the government will not get any money, period! You see, if we all decided, refuse to pay taxes all together, the government can not do anything about it, they can not arrest all of us (no room in jail), even they can try, but they got no soldier to arrest us. Isn't that cool? That's the people's power!
You see, right now, we look at each other, individually we decided to pay tax because our next door neighbor is doing that, so on and so further, we ended up everybody is paying taxes.
By the same token, when we play the market, we can stay together, tell the house, we are not going to let you taking advantage of us anymore. We can watch the house's every move, if they want to bring the market down we sell shorts. If they buy at the bottom, we cover shorts become long again. This is the right way to swim in the heavily manipulated financial market.
I spent sometime to get short selling model to work, as some of you noticed, it's working very well. I previously thought I should not give more than a couple of stock picks per week. But your response to my posts and polls impressed me, so I decided to post another short candidate:
PCN - on the short side.
Invest carefully, good luck to all.
Mkt Swimmer
Monday, August 27, 2007
Tax Rebeling
Subscribe to:
Post Comments (Atom)
7 comments:
thanks again should be interesting-when you post a stock pick, what is the time frame that the pick is good for ?
a week?
a day ?
is this a short term deal?
or a hold till it happens sort of thing? curious minds wanna know :)
thanks again-Spud
what is the market sentiment as of today-it seemed sideways and had a aprehensive feeling/look to it today-what is your take on ACCUMULATION/DISTRIBUTION on NFI ??????-it had a run looks ready to short but still looks way way way oversold plus its 92% short of its float-BK or buy and hold and retire on that stock?
why short pimco-looks like they are sideways even though they are halfway down the MACD for the 10 week chart-60 min period-they did not lose much on the slide down?
posted short picks are momentum stocks, weak fundamental, have a long history of decline, and now technically overbought, and reversed. So it will most likely go down for a while, I still call it short term, good for a week.
Of course, it all depends on market conditions, if market going down, they almmost a sure thing. But if market suddenly jump, they may not go down that much, but certainly have a down bias.
As for sentiment right now, short term down. Mid-term up, Dow was hit with a down channel Monday, likelihood is it will go down a little more. Whether it will test low we had in mid-August, is an open question. It's better to stay market neutral right now.
Good luck,
Swimmer
I have not look at any of the sub-prime stuff yet. They are oversold. But once a while I will select a few candiate when timing is right.
Hi,
just a request. I think it would be helpful if you add a line to your picks explainaing the reason of them. Like insiders, momentum, etc. Otherwise all is too much of a black box.
Best.
no shares available for shorting from my broker?
what is the %%%%%%%%% of shares short on the float??????????????
Post a Comment