Thursday, February 21, 2008
Still Making Money?
Closing hour is upon us today, and as the market slumps, I cannot help but ask if everyone made money today. I let go of solar, took some profits in agriculture, and help on with my SHLD short. With my quick profits from FSLR, I bought some PALM and LVLT on their dips. They are small speculative plays for the medium term. SHLD reports February 28th and the early week will indicate the trend for the report, but I will guess it should be terrible. I would sell my short position if it crept over 99.50. Even in a down market, money can be made. If you're losing money on your long positions, someone is making a killing on the short position.
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