Posted by: eminitrader May 4, 2007
Making Money with Eminitrader
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Yeah I don't mind if it is something off topic that you want to post every once in a while, especially if it is good books but in general I'd like to stick to stocks and markets and not lose sight of our main purpose. TT, you mentioned that many people are shorting here. You know what that means. It means the market has ways to go. Shorting a rising market is a ticket to the poorhouse. If you remember XLNX that I had recommended around $25. The reason was that it was one of the most shorted stocks. When the short interest increases but the stock is holding up well, buy as much as you can. The short squeeze will take the stock much higher. Bri: You're in DC? I might be there in June. I have a meeting coming up in June and it's either going to be in NJ or DC. I will find out later. If I'm there, I'll let you know. Latest COT report showed that speculators are selling while the Commercials are buying. You want to be on the side of Commercials for most part. But for most part develop a strategy that fits your risk level and follow it. We are in a bull market until the market shows weakness, don't sell.
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