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Sunday, September 21, 2008

A Series of Videos Discussing my "Trading" Reaction to the Ban on Short Sales

"A creative man is motivated by the desire to achieve, not by the desire to beat others." - Ayn Rand

I have three videos today, in which I discuss what I see as the most serious blow to the markets, throughout this crisis.

This is part 1 ...



This is part 2 ...



And this is the final part, part 3 ...



Summation? I have to make decisions. As I said, it's an "Atlas Shrugged", or "King Rat" scenario. Until the short sellers are back? Here are the decisions ...

1) I'm out of the market. I won't sell my DRIP / Investment stocks at all. Those I hold. No matter what. But I won't accumulate more shares.

2) I'm going to stop trading until the short selling ban is over.

3) I'm going to build my cash reserves for the next 6 months. This means any purchase I do make 6 months from now? I'm going to be contributing even more cash ...

Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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