Friday, July 24, 2009

Emails respond

I got several emails form my readers who question why did I went short...
I monitor the market every day, if this is not your main job you should not short the market. I think this rally is overdone and I feel very comfortable with my positions ,but I will get out my short positions if S&P500 stays above 1050. If you follow my blog you should know that I'm a short term trader, I don't keep my positions more than a couple days in bear market, if you agree with my analogies and you find it helpful, you might get out your long positions instead of shorting securities, remember "cash is gold".