Wednesday, May 30, 2012

Very happy w/ decision yesterday to remove hedges...

S&P currently @ 1313

like I said yesterday, I believe market has began next big down-leg...I see no reason to fudge around with any of my short positions...the hedges I had off and on over past week protected against the up move in S&P from 1300 or so to 1330....so they did there jobs!  Euro is breaking down very badly yet again and contrary to popular opinion I see no reason it can't continue it's terrible free-fall...My price target is between $0.90 and $1.05 as final target....

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