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Anyone shorting at the moment?

  • 09-03-2008 8:41am
    #1
    silverharp
    Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭


    I am more into commodities then the general market and had been long gold and silver and energy since 04. I have recently gone to cash but started buying a few junior metals companies as that market had gone down as the commodities were going up so looked like a good value play

    On the short side I started shorting Soybeans during the week as it looks like there is a top for now using a short ETF(link below) its not leveraged so the downside is limited (stop just above the high), its working so far.
    I follow the COT reports and they look like they are generating sell signals for gold , oil , silver and copper over the next couple of weeks. there are inverse ETF's that have an x1 or x2 leverage on the Canadian and US exchanges that cover these. I would like to see a bottom in the dollar first as the gain would be diminished by the loss on exchange.

    Not sure about shorting the Dow yet, I would like to see a bounce or a bit less bearish sentiment.

    if trading I don't try to anticipate a change, I like to see a daily or weekly swing high/low and then set the stop just above/below that high/low


    http://www.etfsecurities.com/csl/short/

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



Comments

  • #2
    ionapaul
    Registered Users, Registered Users 2 Posts: 5,307 ✭✭✭ionapaul


    I am shorting the S&P 500 and have been for a few months. A x2 inverse ETF. Pity there isn't anything similar for the ISEQ.


  • #3
    portomar
    Closed Accounts Posts: 507 ✭✭✭portomar


    ive got myself ina stupid position, in that i feel the market is due a further fall, but am long on a stock i fell is due a bounce. commodities are ina bull market so tough to call a top.


  • #4
    portomar
    Closed Accounts Posts: 507 ✭✭✭portomar


    ionapaul wrote: »
    I am shorting the S&P 500 and have been for a few months. A x2 inverse ETF. Pity there isn't anything similar for the ISEQ.

    you can short the iseq on deltaindex. high leverage though


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