Unloaded most of my shorts today. Close to $150,000 thousand worth. Closed SH, BGZ, SRS around 10:00 am. I did this because we didn't sell off after the CPI numbers. Looking back this was an emotional trade and i could have edged out a couple of more dollars in profit but was happy with the result. Closed out RIMM short for a nice gain and VXX.
It is 7:00pm and i just bought 2100. My plan for this trade is the extension of the home purchase tax credit. I also have orders to buy at lowers levels also. Think this will set up as a nice trade may be down a little in the beginning. Also own some LVS call which the plan is the report earnings on friday and i think we could see a pop into earnings with casino stocks so low.
Very hard to trade. My overall feeling is that we go lower.
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