Thursday, July 17, 2008

Ouch, Ouch, Ouch

Did not get the $4.10 on the AGNs. Will watch again today for a good sell price

Meanwhile, the market is smacking us hard exactly where it hurts the most - our shorts and the oil/energy positions.

I continue to believe that the energy positions will do well for a while yet because these stocks will outperform expectations - regardless of whether oil is at $145, $135 or $120.

The shorts are getting hammered in this mini-rally.

I am glad that our options have a lot more time on them, so we can withstand this silliness

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