How much have you lost on shares in the last 3 days?

[sam76]

.My $0.02 only. FWIW BWTFDIK

For what it's worth...???

then I'm lost. please help Wayne..

 

[wayneL]

For what it's worth...???

then I'm lost. please help Wayne..

But What The @#%$ Do I Know

 

[MichaelD]

freshly printed PPT money

I have to admit to being unfamilar with the abbreviation/implication. Sounds like a nice juicy conspiracy. Please elaborate.

 

[professor_frink]

plunge protection team. Search for it in these here forums- you'll find a link to some more info

 

[wayneL]

I have to admit to being unfamilar with the abbreviation/implication. Sounds like a nice juicy conspiracy. Please elaborate.

here is an explanation Micheal http://www.eldoradogold.net/cornered_rats_030326.html

It seems to be an evening for conspiricy theories :

 

[MichaelD]

Thanks Frink and Wayne. Bears DO have more fun.

 

[Realist]

the smart money is betting LONG.

Well I am betting long (and I hope I'm the smart money), and I think companies like RIO and BHP are ripe for the picking at the moment.

$73 and $26 respectively - that is a bargain!!

Let's review this in 1 years time when I've collected my 7% dividend and see what their price is then?

If I'm down below inflation on both of those after 1 year I'm a monkeys uncle.

 

[wayneL]

Bears DO have more fun.

Yes we do.

Looks like the rally has fizzled and I've shorted a crapper full of WTFOTM (2 sigma) calls on the SP500 to expire in 6 days... and that was before the 6 point dump into the close.

Hopefully option payday no 3 this expiry for me next week. A wonderful month for this little brown bear.

 

[Porper]

Yes we do.

Looks like the rally has fizzled and I've shorted a crapper full of WTFOTM (2 sigma) calls on the SP500 to expire in 6 days... and that was before the 6 point dump into the close.

Hopefully option payday no 3 this expiry for me next week. A wonderful month for this little brown bear.

I'm glad somebody is making money being a bear.I've only been one for about 2 weeks and have lost 5 trades in a row !!

I thought being a bear was fun Wayne.I had more fun watching my longs go down the pan

I've just added up and from my peak a few weeks ago I have lost 25% up to yesterday.So I am now in profit only by 15% and going down quicker than Monica Lewinsky and Bii Clinton.

I need a shrink,now. :screwy:

 

[justjohn]

Well I am betting long (and I hope I'm the smart money), and I think companies like RIO and BHP are ripe for the picking at the moment.

$73 and $26 respectively - that is a bargain!!

Let's review this in 1 years time when I've collected my 7% dividend and see what their price is then?

If I'm down below inflation on both of those after 1 year I'm a monkeys uncle.

REALIST youre not related to the chicken are you

 

[professor_frink]

Well I am betting long (and I hope I'm the smart money), and I think companies like RIO and BHP are ripe for the picking at the moment.

$73 and $26 respectively - that is a bargain!!

Let's review this in 1 years time when I've collected my 7% dividend and see what their price is then?

If I'm down below inflation on both of those after 1 year I'm a monkeys uncle.

Your gunna have to educate a trader about investing here realist- How are you going to collect a 7% dividend investing in bhp and rio? I thought the yield on those 2 was only 1-2%

 

[nizar]

Your gunna have to educate a trader about investing here realist- How are you going to collect a 7% dividend investing in bhp and rio? I thought the yield on those 2 was only 1-2%

Maybe hes hoping for a capital return or a special divvy

 

[wayneL]

I'm glad somebody is making money being a bear.I've only been one for about 2 weeks and have lost 5 trades in a row !!

I thought being a bear was fun Wayne.I had more fun watching my longs go down the pan

I've just added up and from my peak a few weeks ago I have lost 25% up to yesterday.So I am now in profit only by 15% and going down quicker than Monica Lewinsky and Bii Clinton.

I need a shrink,now. :screwy:

Porper,

It's not as though you've had much practice in the Oz market up till now. It's a bit different being a bear.

If I could indulge in some nebulous metaphore, Bulls charge, Bears swipe and bite. Bulls are the regular infantry. Bears are Partisans. We have to sneak in at night, blow up a few bridges, run amok briefly, steal a few of the bulls supplies and get the hell out of there, FAST, Before they realise whats going on and they charge us.

Then during the day we behave like bulls so no one notices.. LOL

 

[professor_frink]

well said wayne! Guerrilla warfare is the name of the game. I've had 2 swipes at this most recent "cub" of a market with pretty good success.

The second half of 2002 is the only bearish kinda market I've ever traded, it seems to be enough to leave me in good stead for corrections like this, but if it gets really nasty, then I think I'll struggle to!

Keep at it porper, I hope your next bearish trade is a successful one!

 

[wayneL]

Keep at it porper, I hope your next bearish trade is a successful one!

Yes ditto that

 

[suhm]

Your gunna have to educate a trader about investing here realist- How are you going to collect a 7% dividend investing in bhp and rio? I thought the yield on those 2 was only 1-2%

well if the yield stays around 2% after the sp doubles in that period and you count grossed up yields its gettin to around 7% for dividends on equity invested . But if that happened i'd be a lot happier about the doubling of the sp than the yield :

 

[MichaelD]

Bulls are the regular infantry. Bears are Partisans. We have to sneak in at night, blow up a few bridges, run amok briefly, steal a few of the bulls supplies and get the hell out of there, FAST, Before they realise whats going on and they charge us.

An excellent metaphor.

Porper, I can empathise. I have tried a few short trades unsuccessfully in the past, but have chalked up these losing trades as the cost of education. It is clear to me now from more extensive testing that the same techniques I use when going long will not work in reverse. The common theme of these trades were that they did indeed mostly move into paper profit, but the exit technique (trailing short stop) was too sluggish to be profitable.

It took me about 6 months to figure out how to profitably trade a bull market consistently, so I expect it will take me at least that long to figure out how to short consistently (just in time for the next bull run, eh Wayne?).

Ah well, at least I have learned the most important lesson of all - how to preserve my capital so I can keep playing the game until I figure it out.

 

[hypnotic]

Too much for my liking i am down 14%

But looks like there will be a little turning point here.. i am hoping for the best.

the market will be very interesting next week.



Hypnotic

 

[pacer]

I actualy made on shorting 1500 Rio last friday yippeeeeeeee, bought back in last hour on friday as the worm turned.....perfect timing huh ... 1 weeks profit= 1 months holiday in Thailand.....Might take my laptop and have another gamble.... errrr........ well reasearched short term investment.

My bet is for a possible small gain over the next few days then another fall.....the bears are just waking up after such a long hybernation.

Good luck fellas.

 

[swingstar]

I've only been short on AMC options the last couple of weeks. They dropped about 5% in that time, then back up 5% on Friday.

I didn't close

To answer the question, I only lost what could have been