Monday, July 11, 2011

Covering My Shorts…

No, this has nothing to do with my attire. 

The market made the expected downdraft and at this point I’ve covered just about all of my short positions. Since the Big Short post the S&P has pulled back about 20 points (about 1.5%), and taken most of the market with it.

As discussed in my last post, I only wish I had taken larger positions.  I had some nice short positions, but never got more than about 20% of my cash deployed.  Oh well, still a decent collection of profits for the amount at work… and in only two days.  I can’t complain.

Good Trading…

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