Tuesday, September 13, 2005

Easing back to net-short

On January 3rd, the first trading day of 2005, the nasdaq cracked at the same price level it has paused over the last two days, about 2,180.

During the last two weeks my overall exposure has changed from slightly net-short to slightly net-long, but I'm going to ease it back towards net-short starting tomorrow as long as the 2,180 level remains the ceiling. I can tell that I've got too much volatility on the long side because my account equity has been opening strong and closing poorly since this recent mini-rally began.


At 8:06 PM, Blogger bumby_lansford said...

I know you like FOXH. Hopefully we will get a nice kick tomorrow with the announce deal with Merck.


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