Fires of Heaven Guild Message Board - View Single Post - Black Tuesday? Dow falls nearly 500 points

prescient63 · 02-28-2007, 03:57 AM

Shorting stocks unless you have a extremely good information is always worse than going long. Short = unlimited losses, not likely but possible. If you want to go that route you are probably better off in a straddle as your hedged both ways.

Edit: if you own the stock its not a bad way to make dough in a sideways market/sector/stock

Anyhow world markets are fucked and I suspect the dow is going to stay down and probably fall more if China tonight was an indication. New Zealand also opened down as well as every other asia/pacific country. Singapore shut down trading early, not sure if it was due to trade volume or losses but either is likely.

edit: when i posted this i already knew the dow was due to a technical glitch which sent all the automated trading scrambling, but i bet it stays down at least for a while. A 45 month run has to end some time.

02-28-2007, 03:57 AM	#4 (permalink)
prescient63 You can't blame women for what they do wrong in the same way that you can't blame a dog for what it does wrong. Join Date: Jan 2002 Posts: 1,515 -5 Internets	Shorting stocks unless you have a extremely good information is always worse than going long. Short = unlimited losses, not likely but possible. If you want to go that route you are probably better off in a straddle as your hedged both ways. Edit: if you own the stock its not a bad way to make dough in a sideways market/sector/stock Anyhow world markets are fucked and I suspect the dow is going to stay down and probably fall more if China tonight was an indication. New Zealand also opened down as well as every other asia/pacific country. Singapore shut down trading early, not sure if it was due to trade volume or losses but either is likely. edit: when i posted this i already knew the dow was due to a technical glitch which sent all the automated trading scrambling, but i bet it stays down at least for a while. A 45 month run has to end some time. Last edited by prescient63 : 02-28-2007 at 06:42 AM.