is it wrong to short early?

[etftalk]

After some serious drawdowns for those short, we're ready to hear the success stories today.

[Gumby]

Thursday, Friday and Monday were tough on me.
I am still holding SDS, SKF, TBT, SRS. I also have some calls on SDS Feb 84 strike. These were up nicely today.
SDS, SKF, and SRS had a banner day. SKF was up over $23 share at one time today when I checked. It still hasn't got back where it was at Thursday. TBT went down a couple of bucks due to interest rates dropping. It should be a good day for the F fund in TSP.
I didn't buy into FAZ this morning and I am regretting that.


Overall, it was a good day to be short in the market.

[teknobucks]

holding SRS and FAZ both


bot some uym and sso end of last week.....just in case
this crap http://spreadsheets.google.com/ccc?k...y2kqBkHg&hl=en
bumps it

[teknobucks]

bunch o pork garbage.....not a focused stimuli

[etftalk]

holding SRS and FAZ both

bot some uym and sso end of last week.....just in case
this crap http://spreadsheets.google.com/ccc?k...y2kqBkHg&hl=en
bumps it

Interesting. Why SSO and not just lighten up on FAZ? Just curious.

[teknobucks]

as far as FAZ...
everyone expects stimulus to rise share prices for banks...when in fact every company that has been bailed so far has lost about 80% share price wise



SSO
just a fav long position for any upside
ya know it's no longer the financial juggernaut it once was....went down from almost 25% to less than 10% fins in this correction so far

gl2ya

[teknobucks]

crowd
http://www.incomeyield.com/news.htm

[teknobucks]

crowd
http://www.incomeyield.com/news.htm

need to parse down the SRS....but prolly won't

c this???
http://news.yahoo.com/s/ap/20090216/..._sub_collision
lotsa weird stuff going on....lol

[etftalk]

crowd
http://www.incomeyield.com/news.htm

What's your thought on this... Too many short increasing the possibility of short covering rally - or the "smart money" is still shorting the REITs? Other?

Thanks