As some of you know, before the crash in Oct 2008, I was trading short term swings until I had to take a break due to the accident. I will not do it this time because I believe I entered the market at the apex of this cycle.
Today I added to the positions I opened yesterday and I intend to hold until SPX 600 minimum. I expect SKF to trade around $420 and most of the financials to disappear before we put a firm bottom. I will micromanage the positions on the way, such as, covering this, shorting that, other than this, there wouldn't be too much action on my side except a few day trades, perhaps.
You can see my holdings at http://xpositions.blogspot.com/
All trades are posted on this blog realtime before I update the table, usually every night.
As far as I know, Atilla shorted big time yesterday and the day before, probably including the stocks that I shorted since he recommended them. He has been increasingly busy in the last few months but I hope he will drop by from time to time.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment