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.

Market Runs Out Of Steam?

The market fed off of a strong week prior to open today. The strength turned into weakness as the day progressed and oil topped $100 a barrel. Many things are still working in a market that has 100+ point swings almost every other day it seems. For example, I am still shorting SHLD, and am now long all of the agriculture and seed stocks like Potash Corp (POT), Mosaic Corp (MOS), and Monsanto CO (MON). These stocks will see plenty of growth outside of the USA this year. Also, I am counting down the days until the earnings release of SHLD. This release should take the stock down further unless it trades down a good 5-10% this week before the release. Either way, staying on the short side of this company has made a profit. We have been short SHLD since around $102.