Posted:
#1
For disclosure purposes, I'm short gold, silver, fosl and aapl. Long nothing. I did take a position in TNA 10/18 but had to close that motherf*cker out yesterday as I saw signs of real trouble that I couldn't foresee two days ago. Took a nice sized haircut on that play.
While I still have a bearish sentiment regarding the general markets, I really can't tell if this recent action is consolidating or stalling (short term top). So I will just hold onto my four positions and hide in the bushes until the market shows me a CLEAR direction. I do see opportunities on both the long and short side, but I don't feel its necessary to expose my portfolio even more on the short side at this time. I maaaaay take a bite on some of these 'Dollar General' types names but I'm not overly excited about the potential returns on these slow moving turtles. Good luck to u all.
While I still have a bearish sentiment regarding the general markets, I really can't tell if this recent action is consolidating or stalling (short term top). So I will just hold onto my four positions and hide in the bushes until the market shows me a CLEAR direction. I do see opportunities on both the long and short side, but I don't feel its necessary to expose my portfolio even more on the short side at this time. I maaaaay take a bite on some of these 'Dollar General' types names but I'm not overly excited about the potential returns on these slow moving turtles. Good luck to u all.
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