Tuesday, February 27, 2007
MARKET MELT DOWN ?
What a truely disgusting day in China. Disgusting if you were long that is which thankfully I am not. Imagine if the S&P, Nasdaq and Dow all fell 9% in a single session. We'd probably see people jumping out of windows. Depending on how we close today I might take a dip in some QLD, SSO, DDM and MVV for a bounce tomorrow. Sold a small part of my QLD, DXD , MZZ and SDS today. Thinking of adding more to NYX, WFMI, PNRA and BWLD longs. My GS short has made my day. Down (up for me) over 4% on heavy volume. If Goldman breaks 200, the next stop is 180. I am looking for a bounce to 210 and maybe I will short some more.
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2 comments:
Hey IM,
It looks like you have some great insight on the markets. I am looking forward to reading the insights of a hedge fund manager. Thanks for publishing!!!
Also, would you mind enabling your feed so it will be easier for me to keep up with your blog?
Thanks. Will do.
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