This is why I keep saying cash is king.

I thought maybe something could develop. But when you get a bunch of nice longs and this is how the market acts, that is not good. Not even CMP cooperated by making a max green BOP flat base. It continues to drift higher and now BOP going the wrong way.

It is still all about the shorts.

I APPRECIATE ALL OF YOUR KIND WORDS.

GOOD ANALYSIS THOMAS. IT LOOKS LIKE WE ARE GOING TO DO THAT.

LAST NIGHT, AFTER GOING OVER MY CURRENT SHORTS I WAS WONDERING HOW COME THERE ARE ZERO THAT NEED TO BE SOLD (I SOLD OFF CETV BECAUSE OF THAT INSANE VOLUME AND SUPPORT YESTERDAY). BUT BESIDES THAT NONE OF THE OTHER STOCKS GAVE A “GET OUT” SIGNAL.

NOW, AFTER LOOKING AT THE MARKET SELLING OFF AGAIN, IT MAKES SENSE. HOWEVER, THE LONGS FROM YESTERDAY ARE ALL HOLDING UP ABOVE SUPPORT AND THE STOCKS THAT ARE PULLING BACK ARE DOING SO ON LOW VOLUME. SO I CONTINUE TO FEEL LIKE THE MARKET NEEDS TO BE SHORTED ON LOW VOLUME RALLIES AND COMMODITIES NEED TO BE BOUGHT ON LOW VOLUME PULLBACKS.

long: commodity stocks
short: the market

I am mostly in cash, but have been making consistent money recently off your short picks, even during the last month (CETV, CME, MYGN, SIGM). Thanks!

I have been reading your commentary here and on the earlier blog site for more than a year now, and it has helped me immensely. I was having a hard time making money on longs during 2007, but at least for now, the shorts are treating me well.

My two cents is that when I look at the NASDAQ chart, I see a ton of downside resistance around 2200-2250, the bottom of the current trading range, plus also if you connect the lows of mid-2004, mid-2006, and early 2008. But if breaks through to the downside, it will be off to the races again for the shorts.

Tom

Today’s commentary (3/5/08) is a lesson worth reading. For the past year I have been day trading. The result was that I “made” less than $10K in profit – but generated over $100K in commissions!
I have subscribed to a number of sites over the years: marketmentor.com (Fitz’s site); wizards of wall street; realmoney.com, sharkinvesting.com, etc. Now I am down to just realmoney.com, Rev Sharks’ site and yours. I have been investing or trading for more than 30 years but I can honestly say I have gotten more good ideas for your site in the last month that I have gotten from all of the sites combined.

I will send this to my editors so they know that Cramer does keep a lot of people from subscribing.

But don’t forget you are cutting your nose off to spite your face.

There are a lot of very great contributors:

Helene Meisler
James DePorre “RevShark”
Mark Manning
Alan Farley
Steven Smith
Dan Fitzpatrik

also sometimes the columnist conversation can be a great laugh. But for $20 a month, the site is cheap.

I have been reading and making thestreet.com, realmoney.com a part of my daily routine for over ten years. I started reading thestreet.com in 1997. At least I believe that is when it was. It was new then and I knew it would be the best. It still is. There are a lot of great people there besides Cramer.

If you can afford it, seriously, it is worth it. It is NOT! a coincidence that the BEST active investors in my chat room were all realmoney.com subscribers before subscribing to me. If the best subscribe to RM. Maybe you should too.

Before RevShark wrote for RM, he also read them and thestreet.com.

That is not a coincidence. But…I definitely understand.