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View Full Version : Time To Be Contrarian

Horsefish
01-14-2009, 03:54 PM
Today is a good time to hedge yourself on the up side. With the inauguration coming up and the possibility for a bill being ready for Obama to sign maybe next week, I believe that we will see a short bear market rally.
I got into UWM, TNA, UPS and DIS today. Short term hold. Good luck all.
Horsefish
01-14-2009, 04:31 PM
P.S..... Remember that the market will be closed Monday Jan. 19 for Martin Luther King's birthday.
freakscene
01-14-2009, 06:15 PM
Today is a good time to hedge yourself on the up side. With the inauguration coming up and the possibility for a bill being ready for Obama to sign maybe next week, I believe that we will see a short bear market rally.


Good luck to you too, but a rally based on a bad bill, or the largest expansion of government ever?

a bill that might include millions for a mafia museum ?

thats some faith ya got HF
Gordo
01-14-2009, 08:57 PM
I'm going contrary to you with TZA as my pick until the end of month (in and out daily).

Reasons: Bad sentiment deeply entrenched in hearts. Its gonna take a lot to change the psyche.
XOM
01-14-2009, 10:18 PM
Yeah, bottom fishing a bear market ain't for me either, count me as a contrarian to this methodology. I'm looking to see fresh lows before the end of 2Q.
Random
01-15-2009, 04:59 PM
Looks like things worked out for you.. Looked kind of scary earlier just for a 6% gain..
Horsefish
01-15-2009, 05:27 PM
Looks like things worked out for you.. Looked kind of scary earlier just for a 6% gain..

So far so good. I actually doubled down at the low around 11:30. Still holding. It feels strange to be long after being short for most of a year. [scary]....After the euphoria that will be generated next week due to the positive influences of the inauguration ceremonies I believe the market will again test lows.

IMO don't go into this weekend short. Get back short before the end of January.
Gordo
01-15-2009, 07:37 PM
So far so good. I actually doubled down at the low around 11:30. Still holding. It feels strange to be long after being short for most of a year. [scary]....After the euphoria that will be generated next week due to the positive influences of the inauguration ceremonies I believe the market will again test lows.

IMO don't go into this weekend short. Get back short before the end of January.

I know you had to be puckering around 11am.:eek: