Monday, April 19, 2010
A Touch of Fear
We have a bit of fear based selling this morning. I am now flat and going to try and reshort at higher levels tomorrow. I think we will get the usual Monday morning dip buyers and we are close to the lows from Friday. I don't want to try to catch the falling knife so I will wait to reshort, not go long.
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1 comment:
Dude awesome trading man. You caught like a 2% move. BTW just my initial thought but sentiment doesn't seem THAT bad. GS made money from mortgages because they are smart. Most of the other banks lost money because they are not as smart and went long them the whole way with the exception of jpm and thats because they have Dimon and they didnt make money they just loss less. What is the SEC going to use as a case to crack down when most others lost. Only the top at the best schools get into gs.
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