I think the worst news have all come out. The market has digested them. But it does not mean that the market is going to go up from here. I do not see any big plunges either. The market is going to chop and might form a W in a very choppy way. So I will focus on day trading and or short swing(3-5 days). I am leaning toward to the bear side, I will try to open positions of 60% short, 20% long and 20% cash.
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Well, it is true that one-product companies might face a lot of challenges. Croc skyrocketed before the crash. Key is when you can short it. A lot of people think timing the market is useless. I think otherwise. I am a short term trading. And timing is everything.
I shorted POT today for a quick drop. I believe all fertilizers stocks still have a few legs down from here. For the bulls, Mon might be safer. It showed strength today.
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