Seeking Alpha
  • James A. Kostohryz
    $SSO Just went short S&P for day trade based on roll-over action in GS & MS. Also, do Santa traders that bought today want weekend risk?
    12/9/11
    Reply (13)
    • James A. Kostohryz: By the way, will use a tight stop on that -- around 1255 SPX. Currently 1253
      12/9/11
    • mossimo: Kostohryz - how are you shorting S&P thru SPXU or SDS or thru options
      12/9/11
    • uncle darwin: I just now used SDS. James is right, holiday parties are starting, and a lot of people play Dirty Santa.
      12/9/11
    • James A. Kostohryz: Right now I am short SSO for a day trade (was not stopped out). I choose the instrument based on cross pricing.
      12/9/11
    • Stock Junky: http://bit.ly/s3mFzs This sums up bull vs bear. 40% chance of bear case SP500 = 1000. JK, what is your prob of these 3 scenarios?
      12/9/11
    • Investor: James-why not buy puts on the SPY instead? Is it because it could blow through your stops quickly?
      12/9/11
    • James A. Kostohryz: I would put it differently. Good: 20% 1,550. Muddle: 20% 1,250. Bad: 40% 1,000. Very Bad: 20%: 800 or lower.
      12/9/11
    • James A. Kostohryz: BTW. Was just stopped out of this SSO day trade short.
      12/9/11
    • Stock Junky: As always, thank you for your insights. I will add more shorts esp if we go into 1300+ like Avi & DeMark predict. happy holidays to you JK!
      12/9/11
    • James A. Kostohryz: Haakon: I prefer to use options for multi-day trades. I prefer futures or index etfs for day trading. More liquidity and narrower spreads.
      12/9/11
    • Investor: Thanks James-I'm longer term as it is hard enough getting direction right over a couple of months. Esp with politics controlling mkts.
      12/9/11
    • Investor: SJ - Every TA is calling for mkt to go to mid 1300s before christmas - i'm not sure we do. We should be lower today. Maybe S&P crashes party
      12/9/11
    • Stock Junky: lots of bearishness too, i would not discount that this crazy mkt rips up 1st ABOVE 200dma & chase out shorts- then start its big decline.
      12/9/11