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Tejay

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this bull run is like the drought seem like its never ending

love to short at the moment .........but I've lost confidence claws been singed latel http://www.sharescene.com/html/emoticons/sadsmiley02.gif y

 

cheers

aus

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In reply to: early birds on Wednesday 16/05/07 12:11am

hope at least one of you guys were long!

 

I just hope we pull the trigger when the market corrects http://www.sharescene.com/html/emoticons/devilsmiley.gif

 

cheers

aus

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up 105pts . . . am going to have to transfer funds to the cfd accounts in the morning and get ready for some nice shorts on the aussie. Other than the indices, any particular stocks in Aus you guys would consider shorting?

 

The retailers and the like have gone ape-$hit becuase of the tax-cuts . . .

 

Construction?

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In reply to: King Baz on Wednesday 16/05/07 12:18am

JHX is my top pick-----bet on no one would take over that one and US housing won't recover anytimes soon.

strategy------ short it over 9.30 and set stops 9.47.

 

PDN is another one to think of it---------long way to make a cent for their balance sheet.

 

 

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QUOTE (King Baz @ Wednesday 16/05/07 12:18am)

king baz

 

i've been keeping a eye out for stocks that are heavily overbought (eg watch out for weakness on lei over the next couple of days) and those that haven't been able to break out above old highs (eg pdn, tls, asx, wow).

 

also, copper and gold are up for a correction and zinc will probably follow. signs of weakness in metal prices already evident over last few days.....so miners are a target as well.

 

banks going ex-div.....wbc on thursday i think.

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I've discovered that I have an uncanny ability to pick tops - with my stop losses http://www.sharescene.com/html/emoticons/lmaosmiley.gif

 

Last night after my movie I thought I'd have a quick look before bed, and said to myself "Oh why not, just give it one go" I've had some trouble firing my stops lately (the deer in the headlight syndrome) so I am really working on being brutal about my stops now. Discipline, trading rules, and all that.

 

Soooooooo...took the shorts at 13,450 dow and 5000 dax. 10 minutes later my stops are hit, and I ruthlessly fire them at 13,474 and 5,022 and go to bed in disgust.

 

I'm beginning to think that God created the share market just to torture me.

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Dan - please ignore my question (below) http://www.sharescene.com/html/emoticons/tongue.gif

 

here here, just take a breather if you feel beaten.

 

 

eb/jaolsa - thanks, that is some good advice. I did actually short RIO when it got to $96 and was $h!tting myself when it kept going, but close once it got back a couple of $$.

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