| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
FSN: Shorting Apple, S&Ps Just Too Tempting to Pass Up
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Rick Ackerman
RickAckerman.com
With the E-Mini S&Ps and Apple shares stealing up on potentially important Hidden Pivot targets yesterday, we shorted both on the off chance that we might be catching the Mother of All Bear Rally Tops. Of course, we’re not so crazy that we actually believe we’re going to nail the exact top of a bear rally that is now well into its fourth year. Still, it’s great fun to try, especially if you’re a permabear who believes, as we do, that one of these days stocks are going to take a plunge so nasty that it will make the 1987 Crash look like a picnic. Regardless of whether we’re right or dead wrong, however, we expect to make money on these trades. The trick is to catch a “a top,” if not “The Top,” and to take a small partial profit right away if possible. This helps build a risk cushion if our short whips around and heads higher, as happens so often. But it also allows us to book at least a small gain if we should eventually be forced to bail out just above where we got in. Rather than make bold claims about how often we succeed at this, we’d suggest asking subscribers yourself. Click here for a free trial subscription that will give you a week’s access to the Rick’s Picks chat room, which attracts experienced traders and ‘Pivoteers’ from around the world 24/7.
Continue Reading at RickAckerman.com…
2012-08-14 21:41:56
Source: http://silveristhenew.com/2012/08/14/shorting-apple-sps-just-too-tempting-to-pass-up/
Source:
