Holder? Of anything? not me...Today was about the easiest day yet to make money trading HOU and HOD: just about everything went according to script. I'm unsurprised by profits in the multi-thousands risking no more than say $10,000 per trade. I didn't do quite that well but I'm very happy plus I'm sitting on cash again over the weekend: hmmmm, a peaceful, easy feeling...
I'm inclined to think the smarter folks here with short positions on HOD, or long HOU, have it right...I plan to ride any up moves a little longer now and will be less inclined to go short except on clear 5-wave patterns like todays.
The stock market rally this week made about as much sense as all of the other rallies since August 2007: none. Now, if we get something like October 14, 2008 on Monday morning I wouldn't want to be long HXD or HSD, so I'm not. On the other hand, those who bought HXD at the opening October 14 were up almost 50% by the end of the day.
Anyway, I don't understand the attraction of fertilizer stocks, teetering oil sand plays, stagnant banks, miners of commodities nobody wants, manufacturers of squinty-little-gadgets in the highly competitive squinty-little-gadget industry; did I miss anything?...oh yeah, insurance companies with who-knows-what on their second set of books; and as for the pipelines, telecoms, cablesystems, grocery stores and sundry other sluggards: I would rather watch the ice freeze-up again after the Zamboni goes by.
I'm sorry the economy is this bad. Anybody who thinks anybody here wishes anybody ill is missing the point. We're trying to play the market as it is, not how we want it to be.