Wednesday, September 17, 2008

Closing Positions

I covered my shorts on GGP and ANF today. While the fear and risk in the financial system is real, I also believe that some of the selling is also caused by deleveraging. However, there must be money left in the system because gold and oil jumped back up. So, at some point, there's got to be a pop here. But then again, the DJIA's currently down 400 with five minutes to go. Well, I still have some shorts, and my best position today was OZN. How about that? I took 57 points of profit off the table, but maybe I didn't take enough. We'll see.

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