Friday, May 28, 2010

Fake out friday

Lots of head fakes today. Confused the hell outta me. Broke one of my rules and sold off HMIN with a 12% profit as it was dropping only to see it reverse and come back a buck! I know better than to do that. Sell strength, buy weakness. Bought a shitload of longs luckily after the open so I got a better price, but none of them have done well. Meanwhile I want to balance this portfolio a bit going into the weekend. right now I am 35% short and would like that to be closer to 50% and since i am not fully into TZA and TWM, I am wanting to put some more on but keep thinking I should save some bullets left for 1125, if we see it. On the other hand what if a korean war starts over the weekend. The longs are gonna be toast, I need some shorts. ugh dow is only down 73 now.

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