A little too late

i sold my drys and dsx calls yesterday on the initial pop. I was a little upset that they both kept going up but decided to buy some puts on those two and aapl and bidu. Those had me in the red in the morning. same thing as you. came back from some meetings and such and saw that everything was turning red big time. I really believe this market is running on fumes here. Most of my long position are short term and keep accumulating down side position. had a good day though i don’t day trade so i don’t get excited about these types of gains. BIDU had a sixty point swing today. That is just crazy.

DRYS is a tremendous short opportunity right here. To say that thing has gone up far too much and too fast is a ridiculous understatement. What about shorting BIDU here too? I know the company will do fine in the long run, but in the short term it has some more downside.

Hey Aaron. Bidu made me want to cry today. I had an order to short a couple hundred shares when I saw it up $12 but I was too scared. I actually had the order up but didnt press the send button. I believe that the market should go lower and bring the high flier names down with it. I may be wrong but that is my opinion and that is why I am holding my AAPl and DRYS shorts and will cover if they make a new high.

Yesterday, Wednesday I looked at my watchlist and most of my favorites were up 50 to 300%. The only fresh mover was XING up 25% this week. After 90 minutes of staring at these overpriced winners there was nothing safe to buy. VMware, CDTC, ZVUE, everthing had a move. Also I heard nothing but good news on TV and the internet. So I sold everything and went 100% short. A gut feeling. Today Thursday am I’m in the gym watching CNBC. Oil is up, Gold is up, 10yr bond so why were equities up this morning? I said to my trainer I must be the worst trader in the world. I thought we couldn’t go higher because of the good news out there. Anyway back at the office I hear on Bloomberg Nasdaq up 17, flat, down 40 WOW!.
Maybe my 5000 QID’s was a good trade.

ps Syria announced around the same time the market dropped that they were mobilizing for a US attack against Iran at any time.(coincidence?)

Before using wize trade, I had similar stories of breaking even.

I don’t typically deal with shorts. It’s too conservative to me. (I know it’s dumb) I’m pretty bullish by the day. Anyways, wizetrade had some pretty positive things here.

I really love these kinds of stocks. They’re very predictable in my opinion. I can also confidently take the opinion of myself, you guys, and wizetrade.