Going short today

[Gumby]

Short LSI @ $5.50, WFC @ $25.18, AMD @ $8.62 (Following some of Tim's ideas on Slope of Hope)

Also short previous to today SRS @ $8.45 & $8.65

[Bullitt]

Thanks for sharing your ideas Gumby. What kind of trade duration are we looking at here? Good luck with SRS, that ETF can really move.

I just put in a bunch of buy orders for hard asset ETF's this weekend that I'm willing to add to on what I consider a dollar bounce.

[Gumby]

Originally Posted by Bullitt

Thanks for sharing your ideas Gumby. What kind of trade duration are we looking at here? Good luck with SRS, that ETF can really move.

I just put in a bunch of buy orders for hard asset ETF's this weekend that I'm willing to add to on what I consider a dollar bounce.

I may bow out of the SRS if we have another up day tomorrow. Even with the market up today, my other short positions barely moved in price. I try to look at a 3 to 5% price move for a sale. I do have "buy to cover" stops set at about 5% over my buy in price.

I think SRS and TBT are going to be great plays in 2010.