Wednesday, February 25, 2009

More government announcments!



Trading has gone like this….

Short the actual horrible statistics in our economy. Cover on a government rumor. Short the actual horrible statistics in our economy. Cover on Obama speaking. Short the actual horrible statistics in our economy. Cover on the nomination of an individual to the cabinet. Short the actual horrible statistics in our economy. Cover on a rumor that all of our problems have been solved….

You get the point. Another government announcement, another short covering rally…My puts got sliced and diced this afternoon, but I haven’t sold anything. I also got filled on more CBRL puts, so I am carrying a large position.