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:

Anonymous said...

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

nicasurfer said...

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

Anonymous said...

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.

Petsamo said...

Bears were a bunch of no shows, again.

nicasurfer said...

you see this after hours action

give me a gap up tommorrow