The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.


Thursday, September 18, 2008

BUY, BUY, BUY!!!

It is being reported that the SEC has temporarily banned short-selling. Of course the headline begs more questions than gives answers. But I'm led to assume that this means ALL short-selling, of ALL stocks EVERYWHERE! WTF!?!?! So does this mean we just buy every stock (especially the financial sector) we can get our hands on? Won't this rule hyperinflate the value of most stocks? Like I said, WTF?!

2 comments:

Bluedog said...

Todd,
I read that too, and TRIPPED OUT!! What a ridiculous, desperate move. Time to get long!!

BD

todd said...

BD,
A government induced short squeeze. Check out the Fly's site for a list of stocks > $5 with large # of shares short. Top of the list is FED.
Ridiculous indeed.
-todd