I really think everyone has became super bullish on the Euro. This is setting up for an extreme blow off top in US equities. I am pretty short now and have a few longs. Currently the portfolio is 100% short and 15% long. (Using Margin)
Will look to add more UUP, TLT, and VXX on any weakness tomorrow.
I really hate BIDU and lost about $10,200 on puts. So i am out of the trade and have a new respect for this stock. This morning small trades pushed this premarket open to $511-$512 area. Then the real market makers tried to fill the gap from the previous days close. The big boys stepped in and then sold the stock. I am going on record that BIDU never trades higher than it did on Monday. Also i am looking at shorting the hell out of this thing tomorrow on any strength.
Also i am still short MT.
Wednesday, March 3, 2010
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