Selling the Short Sell!

By Joshua Robbins

“Be fearful when people are greedy. Be greedy when people are fearful.”

Warren Buffet

Is it me, or do you notice anytime someone mentions “fear” in the stock market, the entire market collapses? Fear, I mean come-on, what ever happened to go old fashion business sense. Okay, let the sub prime lenders plummet; let the people who purchased homes in order to flip it due to a good rich quick schemes go bankrupt. But for the love of God, please look at the obvious! Goldman Sachs (GS) will go down again which and they have absolutely no ties to the sub prime industry. This will put money in our pockets! Oil, Valero (VLO), stood still as if it was waiting for a wave of chaos to destruct it, but it didn’t. Oh, where are the wise investors in this world? Where are the groups of people that I see on the Smith Barney commercials or the stock televangelist worshippers? Flee! Flee! The ship is sinking!

I watched the market do what it did two weeks ago, almost to the day. It plummeted because some over priced, bloated shares came to a realization that they were not really worth the premium people were paying. The yen rose, meaning some trader in southern California is filtering American dollars to buy his wife some new breasts and himself a pair of balls. The markets dove, we ran, and what is left? Nothing but movement up! I am so sick of turning on CNBC, listening to the guys pump illegitimate stock up and watching this stock just tumble to the ground. This is a good time to buy, to ride short, and then dump. Hey, you lost money to some of these big boys that are telling you to hold on, and you do, and you lose. Why not take them for a ride? Why not hurt their pocket book for a change?

What can we learn from today? In the words of Kenny Rogers lyrical master piece (just kidding) the gambler, “You got to know when to hold them, know when to fold them, Know when to walk away and know when to run. You never count your money when your sittin’ at the table; there’ll be enough time for countin’ when the dealin’ is done.” It could not be said any better.

It is time to get a grip, seriously. I am not a street hustler but as said, “No one is going to give you anything! You need to go out and take it!” No one is going to increase your portfolio, only you.

My better half, who is not as cut throat as I am in regards to business had mentioned to me that there are a few people that are upset with the tactics of buying a stock at its bottom and selling at its top, even if it is only for a few hours. My apologies to the dumb founded trader who refuses to look at the obvious. Think about it for a second; if a company that is worth more than it is selling for and is available for a quick gain, your telling me you are not going to take it? Oh, but that is not fair as it hurts the average trader. One word for you, “Broker”, you need to get one. Hey, it is a Dog-Eat-Dog world. By all means, continue to hold on to your over priced stock so I can take the profits and run.

As for the members of the group, all is going up. The sector are starting to kill the market, the earnings picks are blowing the tops again. Here are the earnings picks we traded this week:

03/12/2007 (JAS) Jo Ann Fabrics Purchase: $22.88 x 830.42 Shares= $ 19000.00

Sold: $25.99 x 830.42 Shares= $ 21582.62

Total Gain: $ 2582.62

03/13/2007 (GYMB) Gymboree Purchase: $35.14 X 540.69 Shares= $19000.00

Sold: $38.35 x 540.69 Shares= $ 20735.46

Total Gain: $1735.46

03/14/2007 (ZUMI) ZUMIEZ Purchase: $35.65 x 532.96 Shares= $19000.00

Sold: $ 37.35 x 532.96 Shares=$ 19906.06

Total Gain: $906.06

Total Gained: $5224.15

* Note: All amounts used for purchase were based off margin. Margins are not for every trader and can carry certain risks. Talk to your local broker to see is a margin is suitable for you.

Hopefully this will put to rest everyone wanting to know how the Blue Collar Trader is able to gain even when the market is bear. For more info on how to gain on what we are investing in before we invest, log onto Bluecollarinvestment.com and become a member!