Going short now

Forum: Investments
Author: [Investments] Topic: Going short now
pederson16 PM pederson16
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pederson16
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Posted: 3/3/2011 2:54:12 PM

just bought 500 BGZ and 500 TZA....dow at 12,266...already own VIX options and ETFs

really going short now, if 1 thing, just 1 thing goes wrong we could see a 200 pt or more drop just like we saw this pop today, possibly just for tomorrow and/or the weekend

jobs report out tomorrow. hopefully bernake speaks again about inflationary concerns. the world raising interest rates but we aren't...why? b/c our economy can't handle it.... also, still possibility of troubles in Africa.  basically hoping and thinking some bad news hits the airwaves in teh next 24-72 hours.

just thought i'd share and see anyone's thoughts on this

pederson16 PM pederson16
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Posted: 3/3/2011 4:11:26 PM

interesting article, probably good that i own VIX and VIX options IF and only IF something were to happen

http://www.cnbc.com/id/41890572

be easy PM be easy
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be easy
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Posted: 3/3/2011 4:56:59 PM
I think you are a bold man, for fighting momentum

goo ruck

how you been Peterman?

I am still of the opinion that Dow makes a new all time high sometime during Bama's first term.  I ought to set a market for it and see what kind of price/action it would get
pederson16 PM pederson16
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Posted: 3/3/2011 5:08:49 PM

hey beeasy,

been great,. just working my tail off trying to make it happen. i'm in financial sales so it's been a rougher go this past 2 years for sure. i've been trading a lot and been riding ugl agq oil some of the tech stocks and a handful others up but i got out of everything a couple days ago and was just waiting for a pullback...i think we get 5% here in next week or 2, at least I am hoping. 

I know i am playing with fire and could cut out at a loss but i think if the market moves hard one way here it's down and down quick.

we'll see

what's good with you?

JEFFMARKETCAP PM JEFFMARKETCAP
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Posted: 3/3/2011 8:32:19 PM
What up pederson
I am thinking the same way as you.  This market can't go any higher.   Too many negatives.   When it falls, it will fall hard.  
JEFFMARKETCAP PM JEFFMARKETCAP
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Posted: 3/3/2011 8:45:17 PM
I would love to buy call options on tza adn bgz  way out of the money and out 1 year from now but they are fuckn unrealistic. It's like they know the market is gonna collapse I guess. 
JEFFMARKETCAP PM JEFFMARKETCAP
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Posted: 3/3/2011 8:50:03 PM
Any individual stocks to short?   I am thinking MGM or LVS.   I think gambling and travel industry take a hit. 
pederson16 PM pederson16
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Posted: 3/4/2011 12:16:01 PM
market down 146 currently
pederson16 PM pederson16
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Posted: 3/4/2011 12:17:13 PM

jmktcap  whats up bud?

just keep it simple and short the market as a whole.  consumer discretionary is always good to short and technology is the fastest mover, up or down, so short the nasdaq or a tech etf

pederson16 PM pederson16
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Posted: 3/4/2011 12:19:39 PM
wow, solid day for my portfolio, TZA and BGZ up well over 500$, sure am glad i went short...vixy got some nice gains but im still at a loss on it
pederson16 PM pederson16
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Posted: 3/4/2011 1:42:26 PM

sold out of 300 shares of each when dow was around -155- -160 on the day

let the rest ride today and possibly over the weekend

pederson16 PM pederson16
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Posted: 3/14/2011 8:54:15 PM
closed out all short positions and vix and vix futures and options as well today.  did quite well to say the least
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