Archive for July, 2009

  • Bears risk loosing the most important asset of all
    Posted by vinaydh on July 30th, 2009 at 10:57 pm, Comments: 0

    the mental capital.  The permabears who are bearish in the face of the biggest rally in the past 70 years have lost the capital but now they risk loosing the mental capital needed to survive in the market. I too have been on the wrong side of the market before but to be wrong for this [...]

  • Performance update
    Posted by vinaydh on July 29th, 2009 at 4:23 pm, Comments: 0

    It has been a month since we stopped posting trades live. We have generated a profit of $8206 during this period. This brings the total profit made from 05/26/09 – 07/28/09 to $19748.50, i.e. a return of 78.99% on a model portfolio of $25k in 2 months time. The portfolio was never more than 25% invested at any [...]

  • Not much to add
    Posted by vinaydh on July 27th, 2009 at 11:39 pm, Comments: 0

    It seems many are looking for some kind of pullback. I am not concerned about a pullback at this point. My focus is on the big picture and it clearly is bullish. I am trading with a long bias and will enjoy the gains as long as the market keeps rallying. In fact any sell off here would [...]

  • Buy or regret
    Posted by vinaydh on July 23rd, 2009 at 10:01 pm, Comments: 0

    I had said before that this market is on a mission to go higher. Buy dips or chase rallies. Do whatever you have to do but get long.
    Any pullback, whether because the market is overbought or MSFT disappointed or any of the other foolish reasons given by permabears, is going to be temporary. This market is [...]

  • No room for inertia in one's thought process
    Posted by vinaydh on July 20th, 2009 at 6:35 pm, Comments: 0

    Neither permabulls nor premabears own this market. This market has a brain of its own. One has to be nimble and quick to adapt to the changing market conditions. Last week’s market action exemplifies this view. This market came back from the breakdown point to a breakout point in a matter of days. Anyone who [...]

  • Market is on a mission
    Posted by vinaydh on July 15th, 2009 at 9:59 pm, Comments: 0

    Market has dictated loud and clear that it wants to go higher. Market internals in this week’s rally has been absolutely stunning. In the space of three days this market has gotten a complete makeover. The market is extremely overbought in the short term so a pullback is expected. The market sliced through 912 and stopped at the [...]

  • Keeping it simple
    Posted by vinaydh on July 13th, 2009 at 10:05 pm, Comments: 0

    Meredith Whitney single-handedly rallied the market today by her upgrade of GS ahead of its earnings. I will not go into the merits of her upgrade but the fact is that the market rallied on excellent breadth. I had gone flat before the weekend so didn’t have the baggage of existing positions. This week is expiration and it [...]

  • Keeping it simple is our forte
    Posted by vinaydh on July 8th, 2009 at 10:34 pm, Comments: 0

    We keep it simple on this blog. We give unequivocal opinion about the market in plain English. When in doubt, we keep quiet. We go where the market takes us. We played the long side with panache and are now playing the short side with ease.
    We haven’t had a loosing trade since we stopped posting trades [...]

  • The die has been cast
    Posted by vinaydh on July 7th, 2009 at 9:00 am, Comments: 0

    Sell rallies. A visit to 860 is very much in the works. Any rally to 910-912, if it happens, should be an ideal spot to go short. The move to 860 should ideally happen before expiration. We will see.

  • VIX did lie yesterday
    Posted by vinaydh on July 2nd, 2009 at 7:18 pm, Comments: 0

    The collapse of VIX did signal trouble ahead for the market as I thought yesterday. I hope readers of this blog were not long coming in to today, if not short. There is a reason for me not saying that I hope readers of this blog were short coming in to today because to me [...]