Long - Short - or Sidelines...

thezster said: "Just wondered who'se holding/selling short/ watching - these days... Market has been overall sideways for the past 3 days. Concensus here seems to believe a crash/dump/correction is overdue..... Naturally, putting your money where your mouth is is worth volumes - and I'm just wondering what percentage of members here are doing what..... Personally - I'm 98-99% cash right now"

LongArm said: "I'm 100% short at the moment...but that could change 2 or 3 times a day. ;)"

FirefighterB said: "I'm not sure where I'm standing, but I better figure it out quick. I'm about 65% long, but not secure in being there because I feel the market is due for a correction, too. However, while it's losing steam, my holdings (BUD, JMBA, and NTRI) have all been green, which makes me wonder if, even if we do correct, that I'll take any serious hits. But, I'm afraid to get out because when I thought the same back in late March, I sold my positions and lost out on roughly 10% in gains between now and then. I'd afraid of being left on the platform twice. I've only made small profits and, usually, lost money on shorts, even the ETFs, so I'm staying away from them. But, I could be very sorry come crashday."

newinvestor123 said: "I'm still 75% in - 25% Nintendo, 15% CANROYS, 15% gold, 20% ethanol and Novartis - And holding... And I'm hoping to make some money shorting that bastard AMZN on it's way down."

Rickster said: "100% long and plan to stay that way for the rest of the year and maybe until after next year's election. Considering selling some slow movers to raise cash for more promising things though."

thezster said: "[QUOTE=Rickster]100% long and plan to stay that way for the rest of the year and maybe until after next year's election. Considering selling some slow movers to raise cash for more promising things though.[/QUOTE] I interpret that to mean, in my own way, that you expect some " more promising things" to come along sooner or later....."

JCast3 said: "mostly cash, a few long, looking to short like mad....though the first short didnt work out as planned, i'm still ready for more...."

Pb3190 said: "I'm still in my 5 mutual funds... I may be out of all but the REIT tomorrow... I am slightly ticked about not getting out a few days ago, when 4/5 of the funds were at all time highs while I have owned them. Back on topic... I agree that a correction will be coming along, I think sooner rather than later. I don't want my first time trading stocks to be in a correction, so if/when I get out of my funds, I plan on waiting until a correction to buy back in."

FirefighterB said: "Rickster does have a solid point. IIRC, history has shown that the year before and the time leading up to an election is usually a pretty solid growth time. But, history isn't everything. Hell, if it is, though, we're in for one hell of a correction after the election."

bullofspadez said: "2-Long positions, 4-Short positions, and 12.5% cash...cash on hand is just in case one of my Long's get back to a good dip point. I'll worry about buying more after covering the shorts."

JAP said: "I've given up shorting the indices, so this week I started day trading 1 stock per day. In during the morning, out by the close. I typically go in with 500-1500 shares... Doing very well so far."

Rickster said: "[QUOTE=FirefighterB]Rickster does have a solid point. IIRC, history has shown that the year before and the time leading up to an election is usually a pretty solid growth time. But, history isn't everything. Hell, if it is, though, we're in for one hell of a correction after the election.[/QUOTE] Mind reader. :)"

Corey said: "20% in cash. 50% US, 30% global. All ETFs (oh, and motorola)"

Harry said: "[QUOTE=FirefighterB]Rickster does have a solid point. IIRC, history has shown that the year before and the time leading up to an election is usually a pretty solid growth time. But, history isn't everything. Hell, if it is, though, we're in for one hell of a correction after the election.[/QUOTE] I totally agree with him on that. I just try to evaluate the risk. While I see the long tern trend as safely UP, I do see a sstrong potential of a summer sell-off, and/or a correction, and/or a China syndrome right in our path. The chatter about a down turn by almost all the analysts (except Crammer) is hard to ignor. Long term I want heathcare...but only after a pullback. I have a host of stocks I want to be positioned in for the long term. I just don't see the point of buying ~today~ So I guess my strategy is [B]sidelines[/B] then [B]long[/B] after a pullback."

Rickster said: "Harry, I see your HB made a nice breakout in May. You still have it? Looks poised for a nice run."

Harry said: "[QUOTE=Rickster]Harry, I see your HB made a nice breakout in May. You still have it? Looks poised for a nice run.[/QUOTE] No, sadly I got out early. I didn't see the company split up coming. I made money but missing a $6 jump. :( Still it's a strong stock. I keep an eye on it. I'll munch with a pull back."