Tuesday, September 01, 2009

trade

yes, I'm still trading.

Buy 10% position in SKF, ultrashort financials, @ $28.26.

I was going to buy this yesterday at the close, but I was running late for class.
Pity because I would have picked it up for $27. Well, there goes $70.

I might be wrong, but I think the bank stocks were the last thing holding this rally
up. And since all the hedge funds have been boasting recently about how much
they bought, it must be time to short. There's no one left to buy.

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