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Dow down another 281 points -- shorting opportunities abound

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Cruzan Donating Member (806 posts) Send PM | Profile | Ignore Fri Aug-03-07 05:33 PM
Original message
Dow down another 281 points -- shorting opportunities abound
This is a chance to make some serious money going short on the stock market. There are so many stocks tanking as a chain reaction to this subprime mess that intraday orderly downtrends of 1, 2, or 3 or more points on $30 or lower stocks are cropping up all over the place. This isn't going to end soon; it looks like we've now turned the corner into a sustained bear market.
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Blackhatjack Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-03-07 05:34 PM
Response to Original message
1. How about an example --I always here general advice to short.
Just reveal one and let's see how you do a month from now.
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Cruzan Donating Member (806 posts) Send PM | Profile | Ignore Fri Aug-03-07 05:43 PM
Response to Reply #1
6. Here's the stock I daytraded today
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truebrit71 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-03-07 05:35 PM
Response to Original message
2. Shorting is very, VERY risky and should ONLY be done by people with deep pockets...
...because if you get it wrong there is no limit to your potential loss...
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Cruzan Donating Member (806 posts) Send PM | Profile | Ignore Fri Aug-03-07 05:48 PM
Response to Reply #2
8. Any time you enter a position -- long OR short -- you should also enter in a stop loss price
to limit your losses. If a person isn't doing that, then they truly are being very, very risky.
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-03-07 05:35 PM
Response to Original message
3. It is Also Possible to Get Whipsawed Big-Time
Edited on Fri Aug-03-07 05:36 PM by ribofunk
and get creamed in a short squeeze. People were doing the same thing in March and look what happened.

I would only speculate in shorts intraday, and only with tight stops and keeping a constant eye on the action.
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Cruzan Donating Member (806 posts) Send PM | Profile | Ignore Fri Aug-03-07 05:51 PM
Response to Reply #3
9. Yes, setting appropriate stops is key to any kind of successful trading
And I've also yet to reach a comfort level to swing or longer term trade and pretty much stay intraday.
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slackmaster Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-03-07 05:37 PM
Response to Original message
4. Suits me fine that it happened on a pay day
Lower price = more shares purchased in my 401k.
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Nite Owl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-03-07 05:39 PM
Response to Original message
5. The market right now is
very volatile also. It could swing either way very quickly. Unless I was committed to watching every tick shorting could be dangerous right now, better to be out and watching unless risk is your thing.
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lpbk2713 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-03-07 05:47 PM
Response to Original message
7. Dumbya needs to keep his ignorant fuggen mouth shut.
Edited on Fri Aug-03-07 06:18 PM by lpbk2713



All that finger pointing and blame shifting worked against him on Wall Street.





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tridim Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Aug-03-07 06:20 PM
Response to Original message
10. I don't gamble therefore I'm not in the market
It's a scam set up specifically to make rich people richer and middle class people poorer.
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