Tuesday, December 14, 2010

Shorts Update

Below, I posted on a number of short positions I have taken, with ERX this morning being my latest.  They are moving as expected, and wanted to reiterate that this move is just beginning, IMO. I commented in the charts below.  I am also short SPY PKX, PTR, and MCP (not pictured in this post).

As a caution, I am always moving stops to reduce my risks in case I am wrong.  I am only painting the idealized view.

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