Dow down another 281 points -- shorting opportunities abound

[Cruzan]

This is a chance to make some serious money going short on the stock market. There are so many stocks tanking as a chain reaction to this subprime mess that intraday orderly downtrends of 1, 2, or 3 or more points on $30 or lower stocks are cropping up all over the place. This isn't going to end soon; it looks like we've now turned the corner into a sustained bear market.

[Blackhatjack]

1. How about an example --I always here general advice to short.

Just reveal one and let's see how you do a month from now.

[Cruzan]

6. Here's the stock I daytraded today

[truebrit71]

2. Shorting is very, VERY risky and should ONLY be done by people with deep pockets...

...because if you get it wrong there is no limit to your potential loss...

[Cruzan]

8. Any time you enter a position -- long OR short -- you should also enter in a stop loss price

to limit your losses. If a person isn't doing that, then they truly are being very, very risky.

[On the Road]

3. It is Also Possible to Get Whipsawed Big-Time

and get creamed in a short squeeze. People were doing the same thing in March and look what happened.

I would only speculate in shorts intraday, and only with tight stops and keeping a constant eye on the action.

[Cruzan]

9. Yes, setting appropriate stops is key to any kind of successful trading

And I've also yet to reach a comfort level to swing or longer term trade and pretty much stay intraday.

[slackmaster]

4. Suits me fine that it happened on a pay day

Lower price = more shares purchased in my 401k.

[Nite Owl]

5. The market right now is

very volatile also. It could swing either way very quickly. Unless I was committed to watching every tick shorting could be dangerous right now, better to be out and watching unless risk is your thing.

[lpbk2713]

7. Dumbya needs to keep his ignorant fuggen mouth shut.

All that finger pointing and blame shifting worked against him on Wall Street.

[tridim]

10. I don't gamble therefore I'm not in the market

It's a scam set up specifically to make rich people richer and middle class people poorer.