PANIC!!!!! (Strategies for those long)

[mit]

What a strange day. The market is 100 down but I have hardly moved. My portfolio consists of 1/3 shorts and 2/3 longs. I thought I would make a killing on the shorts and have to close out many of the longs. I'm slightly up at the moment but my universe of shares are only slightly down.

The market drop must be concentrated in very few stocks. I don't know whether this is good or bad for the overall market.

MIT

 

[tech/a]

Well because they are systems.
They have a blueprint and if I second guessed the blueprint over the years Ive run them I wouldnt be in the position I'm in now.
Maximum drawdown is 22% (Peak to Valley) so if it is below that then I will close all systems---there is a few % difference in each system.

 

[Kauri]

What a strange day. The market is 100 down but I have hardly moved. My portfolio consists of 1/3 shorts and 2/3 longs. I thought I would make a killing on the shorts and have to close out many of the longs. I'm slightly up at the moment but my universe of shares are only slightly down.

The market drop must be concentrated in very few stocks. I don't know whether this is good or bad for the overall market.

MIT

Be thankfull you're not holding many long in the XTO


Top 20 of ASX 100 Stocks

Rises: 4 Falls: 95 Steadies: 2 Mar 14, 2007 2:00:02 PM



Top 20 of Whole Market

Rises: 173 Falls: 848 Steadies: 717 Mar 14, 2007 2:00:02 PM

 

[It's Snake Pliskin]

Be thankfull you're not holding many long in the XTO


Top 20 of ASX 100 Stocks

Rises: 4 Falls: 95 Steadies: 2 Mar 14, 2007 2:00:02 PM



Top 20 of Whole Market

Rises: 173 Falls: 848 Steadies: 717 Mar 14, 2007 2:00:02 PM

I have 1 long still in place and it is up.
I short on too and it is up

 

[mit]

I had a look at the XTO makeup and most of the fall seems to be concentrated on the resource, energy and finance stocks.

MIT

 

[mit]

I have 1 long still in place and it is up.
I short on too and it is up

My biggest short is Lion Nathan and it had the gall to recover back to yesterday's close.

 

[wondra]

My biggest short is Lion Nathan and it had the gall to recover back to yesterday's close.

Probably that beer order I just rang through....sorry

 

[coyotte]

Anyone Know what Vol been like?

Have WOR short and it's only done around half its avg Vol atm. (3.30)

Fat Lady hasn't sang yet

Cheers

 

[It's Snake Pliskin]

My biggest short is Lion Nathan and it had the gall to recover back to yesterday's close.

A lot of bleeders from the open have recovered to bleed the shorters.
Wait for tomorrow when the public hear of the drops. Panic in this environment will be telling I think. Something to gauge. Maybe panic or no panic.

 

[coyotte]

Reckon this is just newbie SHORTS panicking.


Cheers

 

[Kauri]

Anyone Know what Vol been like?

Have WOR short and it's only done around half its avg Vol atm. (3.30)

Fat Lady hasn't sang yet

Cheers

At 3pm

IndexPrice 5738.8

IndexMovement -105.2-1.8%
Turnover 3,653,329,544,
Volume 500,771,139

 

[It's Snake Pliskin]

Reckon this is just newbie SHORTS panicking.


Cheers

Possibly, and possibly overleveraged
I'm seeing my short through.

 

[dovetree]

I wouldn't get carried away with any market view until the futures contract expiry is finished.

 

[tech/a]

Why.

Contracts are either liquidated or rolled over.
There is no physical delivery.

 

[dovetree]

Markets are sometimes "pushed around" during this period and don't always reflect the true state of play.

 

[coyotte]

What a learning opportunity this could turn out to be !

The 94/95 correction ?
The 00/02 flat market ?
The 02/03 correction ?

We have been in a bull market since 03 -- now is not the time to PANIC but to sit up take note of what's going on -- imho even if the markets recover the best a long can hope for is a FLAT market over the next couple of years --- new trading conditions --- new learning opportunities to serve you in the future --- learn to trade in a FLAT market and when the BULL returns it will be a breeze.

DON'T WASTE THIS OPPORTUNITY


Cheers

 

[wayneL]

What a learning opportunity this could turn out to be !

The 94/95 correction ?
The 00/02 flat market ?
The 02/03 correction ?

We have been in a bull market since 03 -- now is not the time to PANIC but to sit up take note of what's going on -- imho even if the markets recover the best a long can hope for is a FLAT market over the next couple of years --- new trading conditions --- new learning opportunities to serve you in the future --- learn to trade in a FLAT market and when the BULL returns it will be a breeze.

DON'T WASTE THIS OPPORTUNITY


Cheers

Agree

I've always held the opinion that it's a bad thing to learn to trade in a bull market because folks make money despite themselves... just buy!!!!

I started full time trading in a bear and it's set me up for anything that comes along.

 

[coyotte]

In some ways a FLAT market can be easier to trade than a BULL:

The Specs and Newbies have left, leaving a core group of subdued disciplined traders --- the buying on the lows and selling on the highs is gone --- the press has given up --- stocks are now being traded on their merits ---- the wild swings are a thing of the past, with generally ample warning of major corrections coming into play.

You are now trading with a group of fellow traders who actions are easier to follow than a bunch of Specs and Newbies who unknowingly can and do leave misleading trails.


Cheers

 

[It's Snake Pliskin]

Coyotte and Wayne I agree with your comments enough to endorse them.

 

[coyotte]

This to me is looking more and more like a typical Bull in the death throws.

You have the crowd that came in halfway during the run who done o/k buying on the dips -- they are trying to repeat the process again --- interesting to see if it works this time round though.


Cheers