Thursday, February 18, 2010

Bear Meat

Another squeeze higher.  Bears are getting killed here.  Its too late to cover now.  I will hold on to my short position and wait for the buying panic to subside tomorrow or Monday.  I expect us to revisit 1090 next week. 

5 comments:

  1. This is crazy man. Well at least I didn't buy that much EDZ. Gonna hold. I can see us having much more to go up.

    That was 2 percent on Tuesday, .3 percent Wednesay, 1 percent today. Nutz

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  2. be careful here, if any dollar weakness we could shoot straight up here and take out the yearly highs

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  3. This market didn't go up on the carry trade with the dollar getting stronger, so I don't expect it to go further up with the dollar getting weaker.. dunno.

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  4. Bears were a bunch of no shows, again.

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  5. you see this after hours action

    give me a gap up tommorrow

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