Tao

Friday's Turnaround: Raid on the Shorts

I didn't have much in the stock market at the beginning of the year. One day my funds went down 4%. I have been trying to get that money back every since. I am not good at trading and sell too soon or hang on too long. I bought FXE and made some money and sold it too soon, now I am down 3% from the 4%.

I finally bought bearx and it immediately started going down. Then, Thursday it paid off and I was happy Friday, until the market started up.

The market going up the last 30 minutes catches a lot of people who think they are buying at the low, too.

After the market closed they talked like stocks would go up all this week, but this morning they are talking the market down. They don't know a bit more than we know, until they do get their inside info, then they mess the rest of us up.

They mentioned the ambac/mbia deal earlier and nothing happened, but then when the market started shooting up, they said that was the reason. My take was someone pushed the market up, either to catch the shorts or catch a big buyer, but they used Ambac/mbia as an excuse.