time to add shorts slowly

dara

I see so many not for good thing happening to economics recover:

1. gas up a lot recently
2. mortgage interest really up a lot, today 30fix is 5.25% on yahoo page, that number was 5% last week, 4.85% several weeks ago,  0.5% mortgage difference means a lot for house payment, if mortgage interest stays this level or even go high, house price will continue drop a lot and foreclosure will go even higher.
3. Do you hear anyone's salary is increasing, I know California govenment will low their employee salary by another 5% on top of the existing 10% reduce early this year.

Simply put, if mortgage interest continue going up, it will destroy banks again,  nobody will refinance(actually refinance activities allready dropped 16% last weeks or so), and more foreclosure coming.

Be prepared to buy SKF/SRS. Do not buy and hold FAZ, decaying too fast.

CoolMax

Why hurry！

Let the dust settle down first.

xiaozhu

Thanks.

dara

Why hurry！

Let the dust settle down first.
CoolMax 发表于 2009-6-1 13:49

the high it go, the fierce drop it will happen.

I am waiting for buying the 2x/3x long PUT,

xiaoxiaozhang

老大，这么有信心？看看疯牛好像还没用完劲儿。要不在等两天看看？1000点儿再动手怎么样？

dara

老大，这么有信心？看看疯牛好像还没用完劲儿。要不在等两天看看？1000点儿再动手怎么样？
xiaoxiaozhang 发表于 2009-6-1 14:01

bought some FAS JUNE10 PUT at 0.85 today,   will start to buy SKF and JULY PUT if SPY goes to 96x.

globe

xiaoxiaozhang

刚才跟着老大快枪了一把，现在有一点利润。看看收盘前要不要逃跑。

7# dara

buctusa

The top will DOW 10000..................

wang9601

Yes. It's time to short!
:(13):

dara

hoho,

short earns money too.

xiaoxiaozhang

低调，低调，现在还是牛牛赚得多。

hoho,

short earns money too.
dara 发表于 2009-6-1 15:18

xiaoxiaozhang

风向不对，准备撤！

hoho,

short earns money too.
dara 发表于 2009-6-1 15:18

xiaoxiaozhang

靠！疯牛又来了！

colderdown

Keynes famous words: The market can stay irrational longer then you stay solvent.

how about wait a bit more?

dara

Keynes famous words: The market can stay irrational longer then you stay solvent.

how about wait a bit more?
colderdown 发表于 2009-6-1 15:32

play small DT and use the profit to buy options.