trade

The last three days' happy little runnup of almost 400 points in the DOW has made me antsy to short again. I looked at 5-yr charts from UBS, DB, BCS, LEH, JPM, GS, MER, MS, BSC, MHP, MCO, AIG, MTG, and RDN. I looked at the low, high, and current price. Then I ranked them according to the multiple of current to low price. DB, GS, and JPM came out at the top at 3 times. I decided to short more GS in order to save on trading costs by consolidating.

I wanted to short more ITB (homebuilders' index), but it's not available to short. I'll have to look at options if I want to get any more out of that.